Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 105

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 one reportable operating segment. The Company also considers its wealth group, which provides trust and investment services, as well as insurance services, to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds under ASC Topic 280-10-50-12, and, as a result, are reported within “Other” in the following table.The Company’s CODM is the chief executive officer. The CODM evaluates the performance of the Company’s reportable operating segments using net interest income and net income. The CODM analyzes on the spread between interest revenue and interest expense (net interest income) to assess performance and to allocate operating and capital resources. Therefore, interest revenue is presented net of interest expense. Additionally, the CODM reviews budgeted net income versus actual net income of the Company to allocate resources to meet the Company’s strategic objectives.

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The following table provides a summary of the Company’s reportable operating segment results for the three and nine months ended September 30, 2025 and 2024.Three Months EndedSeptember 30, 2025September 30, 2024(In thousands)Community and Commercial BankingOtherConsolidatedCommunity and Commercial BankingOtherConsolidatedNet interest income$185,237 $1,424 $186,661 $157,510 $202 $157,712 Noninterest income (loss)(766,254)10,067 (756,187)7,877 9,253 17,130 Total net revenue (loss)(581,017)11,491 (569,526)165,387 9,455 174,842 Noninterest expense:Salaries and employee benefits71,855 4,394 76,249 64,631 4,536 69,167 Occupancy expense, net11,599 507 12,106 11,761 455 12,216 Furniture and equipment expense5,275 — 5,275 5,612 — 5,612 Deposit insurance5,175 — 5,175 5,571 — 5,571 Other operating expenses (1)41,576 1,651 43,227 43,546 1,081 44,627 Total noninterest expense135,480 6,552 142,032 131,121 6,072 137,193 Income (loss) before provision for