Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 93

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 93
---
 basis) amount outstanding, the interest earned or expensed on such amount and the average rate earned or expensed for each of the years in the three-year period ended December 31, 2024. 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. 

41

Table 3: Average Balance Sheets and Net Interest Income Analysis

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

 Years Ended December 31, 202420232022 AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/(In thousands)BalanceExpenseRate (%)BalanceExpenseRate (%)BalanceExpenseRate (%)ASSETS         Earning assets:         Interest bearing balances due from banks and federal funds sold$217,308 $11,808 5.43 $320,261 $13,490 4.21 $793,836 $5,500 0.69 Investment securities - taxable3,913,498 153,413 3.92 4,698,742 143,178 3.05 5,462,427 94,437 1.73 Investment securities - non-taxable2,620,787 85,308 3.26 2,605,868 85,861 3.29 2,703,662 86,596 3.20 Mortgage loans held for sale10,634 731 6.87 8,064 557 6.91 16,609 720 4.33 Other loans held for sale— — — — — — 8,322 3,120 37.49 Loans - including fees17,106,193 1,086,625 6.35 16,647,570 992,518 5.96 14,419,763 696,033 4.83 Total interest earning assets23,868,420 1,337,885 5.61 24,280,505 1,235,604 5.09 23,404,619 886,406