Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 93

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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7,504 Capitalized intangibles110,212 — Right-of-use lease liability14,709 16,416 Unrealized loss on AFS securities153,096 128,873 Allowance for unfunded commitments6,087 6,069 Other6,189 7,163 Gross deferred tax assets380,514 246,993 Deferred tax liabilities:Goodwill and other intangible amortization(36,759)(38,139)Accumulated depreciation(23,357)(24,489)Right-of-use lease asset(14,169)(15,920)Unrealized gain on swaps(15,928)(25,174)Deferred loan fees and costs— (2,075)Other(7,578)(11,193)Gross deferred tax liabilities(97,791)(116,990)Net deferred tax asset$282,723 $130,003 A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown for the periods indicated below: Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In thousands)2025202420252024Computed at the statutory rate (21%)$(151,940)$5,354 $(130,553)$24,624 Increase (decrease) in taxes resulting from:State income taxes, net of federal tax benefit(6,741)(644)(6,305)(1,370)Discrete items related to share-based compensation(135)(14)(4)454 Tax exempt interest income(2,263)(3,810)(9,880)(11,518)Tax exempt earnings on BOLI(767)(755)(2,317)(2,376)Federal tax credits(637)(546)(1,937)(1,667)Other differences, net1,751 1,176 4,947 4,736 Actual tax provision$(160,732)$761 $(146,049)$12,883 

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The Company follows ASC Topic 740, Income Taxes, which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the