Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 197

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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181,962 $6,007 $5,463 $235,019 Provision for credit loss expense1,572 22,443 1,359 1,423 26,797 Charge-offs(4,243)(4,425)(1,460)(1,133)(11,261)Recoveries997 99 211 306 1,613 Net (charge-offs) recoveries(3,246)(4,326)(1,249)(827)(9,648)Ending balance, March 31, 2025$39,913 $200,079 $6,117 $6,059 $252,168 

25

Activity in the allowance for credit losses for the three months ended March 31, 2024 was as follows:(In thousands)CommercialRealEstateCreditCardOtherConsumerand OtherTotalAllowance for credit losses:Three Months Ended March 31, 2024Beginning balance, January 1, 2024$36,470 $177,177 $5,868 $5,716 $225,231 Provision for credit loss expense2,872 5,359 1,298 677 10,206 Charge-offs(4,593)(2,857)(1,646)(732)(9,828)Recoveries442 735 248 333 1,758 Net (charge-offs) recoveries(4,151)(2,122)(1,398)(399)(8,070)Ending balance, March 31, 2024$35,191 $180,414 $5,768 $5,994 $227,367 As of March 31, 2025, the Company’s allowance for credit losses was considered sufficient based upon expected losses that were supported by scenario-weighted economic forecasts. The provision expense for the three months ended March 31, 2025 reflected an incremental provision expense of $15.6 million related to two specific credit relationships which migrated to nonperforming during the period, as well as the impact of updated economic assumptions.Reserve for Unfunded Commitments In addition to the allowance for credit losses, the Company has established a reserve for unfunded commitments, classified in other liabilities. This reserve is maintained at a level management believes to be sufficient to absorb losses arising from unfunded loan commitments. The reserve for unfunded commitments was $25.6 million for both