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

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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376 522,560 Net interest income – FTE$190,472 $178,246 $538,554 $482,919 Yield on earning assets – FTE5.84 %5.53 %5.61 %5.62 %Cost of interest bearing liabilities2.98 %3.12 %3.10 %3.69 %Net interest spread – FTE2.86 %2.41 %2.51 %1.93 %Net interest margin – FTE3.50 %3.06 %3.17 %2.70 %

Table 2: Changes in Fully Taxable Equivalent Net Interest Margin 

Three Months EndedNine Months Ended(In thousands)September 30, 2025 compared to                       June 30, 2025September 30, 2025 compared to                    September 30, 2024Decrease due to change in earning assets$(16,041)$(32,868)Increase (decrease) due to change in earning asset yields11,830 (19,681)Increase due to change in interest bearing liabilities14,802 34,538 Increase due to change in interest rates paid on interest bearing liabilities1,635 73,646 Increase in net interest income$12,226 $55,635 

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Table 3 shows, for each major category of earning assets and interest bearing liabilities, the average (computed on a daily basis) amount outstanding, the interest earned or expensed on such amount and the average rate earned or expensed for the three months ended September 30, 2025 and June 30, 2025 and the nine months ended September 30, 2025 and 2024, respectively. The table also shows the average rate earned on all earning assets, the average rate expensed on all interest bearing liabilities, the net interest spread and the net interest margin for the same periods. The analysis is presented on a fully taxable equivalent basis. Nonaccrual loans were included in average loans for the purpose of calculating the rate earned on total loans.

Table 3: Average Balance Sheets and Net Interest Income Analysis

(FTE = Fully Taxable Equivalent using an effective tax rate of 26.135%)

Three Months EndedSeptember 30, 2025June 30, 2025AverageIncome/Yield/AverageIncome/Yield/(In thousands)BalanceExpenseRate (%)Balance