Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 265

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 265
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 income$12,226 $55,635 

57

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 (%)BalanceExpenseRate (%)ASSETSEarning assets:Interest bearing balances due from banks and federal funds sold$566,344 $6,421 4.50 $219,928 $2,531 4.62 Investment securities - taxable2,751,493 29,183 4.21 3,483,805 31,233 3.60 Investment securities - non-taxable1,242,936 11,210 3.58 2,564,037 21,210 3.32 Mortgage loans held for sale13,776 229 6.60 13,063 221 6.79 Assets held in trading accounts11,305 99 3.47 — — — Loans - including fees16,976,231 270,092 6.31 17,046,802 266,250 6.26 Total interest earning assets21,562,085 317,234 5.84 23,327,635 321,445 5.53 Non-earning assets3,352,837 3,317,496 Total assets$24,914,922 $26,645,131 LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities: