Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 273

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 273
---
 30, 2025 as compared to the three months ended June 30, 2025 and nine months ended September 30, 2024 increased by $258,000 and decreased by $2.9 million, respectively. While the variance in deposit insurance expense on a sequential quarter basis is relatively flat, the decrease on a year over year basis for the nine months ended September 30, 2025 is significantly attributable to the additional FDIC special assessments totaling $1.8 million during the nine months ended September 30, 2024, which were levied to support the Deposit Insurance Fund following the failure of certain banks in 2023.

62

Table 6 below shows noninterest expense for the three month periods ended September 30, 2025 and June 30, 2025 and the nine months ended September 30, 2025 and 2024, respectively, as well as changes between periods.

Table 6: Noninterest Expense 

Three Months EndedNine Months EndedSeptember 30,June 30,ChangeSeptember 30,September 30,Change(Dollars in thousands)20252025$%20252024$%Salaries and employee benefits$76,249 $73,862 $2,387 3.2%$224,935 $212,536 $12,399 5.8%Occupancy expense, net12,106 11,844 262 2.236,601 36,338 263 0.7Furniture and equipment expense5,275 5,474 (199)(3.6)16,214 16,376 (162)(1.0)Other real estate and foreclosure expense200 216 (16)(7.4)614 383 231 60.3Deposit insurance5,175 4,917 258 5.215,483 18,388 (2,905)(15.8)Other operating expenses:Professional services4,809 6,192 (1,383)(22.3)15,868 15,950 (82)(0.5)Postage2,332 2,250 82 3.66,862 6,507 355 5.5Telephone1,522 1,594 (72)(4.5)4,595 4,860 (265)(5.5)Debit and credit card3,217 3