Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 264

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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 when compared to the same period in the prior year was driven by the balance sheet repositioning, as well as reduced deposit costs and use of wholesale funding over the comparative periods.

56

Net Interest Income Tables

Tables 1 and 2 reflect an analysis of net interest income on a fully taxable equivalent basis for the three months ended September 30, 2025 and June 30, 2025 and the nine months ended September 30, 2025 and 2024, respectively.

Table 1: Analysis of Net Interest Margin

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

 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,September 30,(In thousands)2025202520252024Interest income$313,423 $315,023 $936,283 $986,083 FTE adjustment3,811 6,422 16,647 19,396 Interest income – FTE317,234 321,445 952,930 1,005,479 Interest expense126,762 143,199 414,376 522,560 Net interest income – FTE$190,472 $178,246 $538,554 $482,919 Yield on earning assets – FTE5.84 %5.53 %5.61 %5.62 %Cost of interest bearing liabilities2.98 %3.12 %3.10 %3.69 %Net interest spread – FTE2.86 %2.41 %2.51 %1.93 %Net interest margin – FTE3.50 %3.06 %3.17 %2.70 %

Table 2: Changes in Fully Taxable Equivalent Net Interest Margin 

Three Months EndedNine Months Ended(In thousands)September 30, 2025 compared to                       June 30, 2025September 30, 2025 compared to                    September 30, 2024Decrease due to change in earning assets$(16,041)$(32,868)Increase (decrease) due to change in earning asset yields11,830 (19,681)Increase due to change in interest bearing liabilities14,802 34,538 Increase due to change in interest rates paid on interest bearing liabilities1,635 73,646 Increase in net interest