Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 46

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 Ended March 31, 2025 and 2024 

(In thousands)March 31, 2025March 31, 2024 (Unaudited)(Unaudited)OPERATING ACTIVITIES  Net income$32,388 $38,871 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Depreciation and amortization10,759 11,531 Provision for credit losses26,797 10,206 Net amortization of investment securities and assets4,214 4,676 Net amortization on borrowings38 38 Stock-based compensation expense5,290 4,413 Loss on sale of closed branches17 — (Gain) loss on sale of foreclosed assets and other real estate owned(87)5 Gain on sale of mortgage loans held for sale(2,007)(1,864)Loss on sale of loans22 — Deferred income taxes(1,087)379 Income from bank owned life insurance(4,099)(4,165)Originations of mortgage loans held for sale(58,355)(60,656)Proceeds from sale of mortgage loans held for sale63,428 59,994 Changes in assets and liabilities:Interest receivable5,845 (351)Other assets(16,913)(17,362)Accrued interest and other liabilities(27,856)17,390 Income taxes payable(5,598)(5,511)Net cash provided by operating activities32,796 57,594 INVESTING ACTIVITIESNet change in loans(106,515)(163,909)Proceeds from sale of loans8,578 211 Proceeds from sale of closed branches11,077 — Purchases of premises and equipment, net(10,151)(9,848)Proceeds from sale of foreclosed assets and other real estate owned1,591 1,218 Proceeds from maturities of available-for-sale securities74,517 114,212 Purchases of available-for-sale securities(7,796)— Proceeds from maturities of held-to-maturity securities19,112 17,037 Purchases of bank owned life insurance(27)— Proceeds from bank owned life insurance death benefits607 1,376 Net cash used in investing activities(9,007)(39,703)FINANCING ACTIVITIESNet change in deposits