Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 142

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 142
---
 effectively accrues directly to stockholders (i.e., certain items are included in earnings and stockholders’ equity). Additionally, similarly titled non-GAAP financial measures used by other companies may not be computed in the same or similar fashion.

67

See Table 12 below for the reconciliation of non-GAAP financial measures, which exclude certain items for the periods presented.

Table 12: Reconciliation of Adjusted Earnings (non-GAAP) 

 Three Months EndedMarch 31,December 31,March 31,(In thousands, except per share data)202520242024Net income available to common stockholders$32,388 $48,319 $38,871 Certain items:FDIC Special Assessment— — 1,549 Early retirement program— 200 219 Branch right sizing (net)994 1,581 236 Tax effect (1)(260)(466)(524)Certain items, net of tax734 1,315 1,480 Adjusted earnings (non-GAAP)$33,122 $49,634 $40,351 Diluted earnings per share(2)$0.26 $0.38 $0.31 Certain items:FDIC Special Assessment— — 0.01 Early retirement program— — — Branch right sizing (net)— 0.01 — Tax effect (1)— — — Certain items, net of tax— 0.01 0.01 Adjusted diluted earnings per share (non-GAAP)$0.26 $0.39 $0.32 

_______________________________________

(1)Effective tax rate of 26.135%.

(2)See Note 15, Earnings Per Share (“EPS”), for number of shares used to determine EPS.

68

See Table 13 below for the reconciliation of adjusted noninterest expense for the periods presented.

Table 13: Reconciliation of Adjusted Noninterest Expense (non-GAAP)

 Three Months EndedMarch 31,December 31,March 31,(In thousands)202520242024Noninterest expense$144,580 $141,117 $139,879 Certain items:Early retirement program— (200)(219)FDIC Special Assessment— — (1,549)Branch right sizing(994)(1,581)(236)Total certain items(994)(1,781)(2,004)Adjusted noninterest