Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 129

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 129
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 presented.

Table 20: Reconciliations of Adjusted Noninterest Income (non-GAAP), Adjusted Noninterest Expense (non-GAAP), Adjusted Salaries and Employee Benefits Expense (non-GAAP) and Adjusted Deposit Insurance Expense (non-GAAP)

(In thousands)202420232022Noninterest income$147,171 $155,566 $170,066 Certain items:Gain on insurance settlement— — (4,074)Loss from early retirement of TruPS— — 365 Gain on sale of intellectual property— — (750)Loss on sale of securities28,393 20,609 278 Branch right sizing— — 153 Total certain items28,393 20,609 (4,028)Adjusted noninterest income (non-GAAP)$175,564 $176,175 $166,038 Noninterest expense$557,543 $563,061 $566,748 Certain items:Termination of vendor and software services(602)— — Merger related costs— (1,420)(22,476)Donation to Simmons First Foundation— — (1,738)Early retirement program(536)(6,198)— FDIC special assessment(1,832)(10,521)— Branch right sizing(2,746)(5,467)(3,475)Total certain items(5,716)(23,606)(27,689)Adjusted noninterest expense (non-GAAP)$551,827 $539,455 $539,059 Salaries and employee benefits expense$284,124 $286,117 $286,982 Early retirement program costs(536)(6,198)— Other— 2 — Adjusted salaries and employee benefits expense (non-GAAP)$283,588 $279,921 $286,982 Deposit insurance expense$23,938 $29,986 $11,608 FDIC special assessment(1,832)(10,521)— Adjusted deposit insurance expense (non-GAAP)$22,106 $19,465 $11,608 

64

See Table 21 below for the reconciliation of tangible book value per common share.

Table 21: Reconciliation of Tangible Book Value per Common Share (non-GAAP)

(In thousands, except per share data)202420232022Total common stockholders’ equity$3,528,872