Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 119

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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2024. The increase for the three month period ended March 31, 2025 to both comparative periods is primarily related to an increase in fair value adjustments related to Small Business Investment Company (“SBIC”) investments and increased swap fee income, which are both included in “Other income” in the table below. The increase for the three month period ended March 31, 2025 as compared to the same period in 2024 was also due to a $1.2 million increase in wealth management fees.

Table 5 shows noninterest income for the three month periods ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively, as well as changes between periods.

Table 5: Noninterest Income

Three Months EndedMarch 31,December 31,March 31,Change from Quarter - SequentialChange from Quarter - Year-over-Year(Dollars in thousands)202520242024Service charges on deposit accounts$12,635 $12,978 $11,955 $(343)(2.6)%$680 5.7%Debit and credit card fees8,446 8,323 8,246 123 1.5200 2.4Wealth management fees9,629 9,658 8,398 (29)(0.3)1,231 14.7Mortgage lending income2,013 1,828 2,320 185 10.1(307)(13.2)Bank owned life insurance income4,092 3,780 3,814 312 8.3278 7.3Other service charges and fees1,333 1,426 1,279 (93)(6.5)54 4.2Other income8,007 5,565 7,172 2,442 43.9835 11.6Total noninterest income$46,155 $43,558 $43,184 $2,597 6.0%$2,971 6.9%

Recurring fee income (total service charges, wealth management fees, debit and credit card fees) was $32.0 million, $32.4 million and $29.9 million for the three month periods ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

NONINTEREST EXPENSE

Non