Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 39

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 39
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 — 0.01 0.01 Tax effect (1)— — — (0.01)Certain items, net of tax0.01 — 0.02 0.02 Adjusted diluted earnings per share (non-GAAP)$0.44 $0.26 $0.71 $0.65 

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(1)Effective tax rate of 26.135%.

(2)See Note 15, Earnings Per Share (“EPS”), for number of shares used to determine EPS.

72

See Table 13 below for the reconciliation of adjusted noninterest expense for the periods presented.

Table 13: Reconciliation of Adjusted Noninterest Expense (non-GAAP)

 Three Months EndedSix Months EndedJune 30,March 31,June 30,June 30,(In thousands)2025202520252024Noninterest expense$138,589 $144,580 $283,169 $279,233 Certain items:Early retirement program(1,594)— (1,594)(337)Termination of vendor and software services— — — (615)FDIC Special Assessment— — — (1,832)Branch right sizing(163)(994)(1,157)(755)Total certain items(1,757)(994)(2,751)(3,539)Adjusted noninterest expense (non-GAAP)$136,832 $143,586 $280,418 $275,694 

See Table 14 below for the reconciliation of tangible book value per share.

Table 14: Reconciliation of Tangible Book Value per Share (non-GAAP) 

June 30,December 31,(In thousands, except per share data)20252024Total common stockholders’ equity$3,549,210 $3,528,872 Intangible assets:Goodwill(1,320,799)(1,320,799)Other intangible assets(90,617)(97,242)Total intangibles(1,411,416)(1,418,041)Tangible common stockholders’ equity$2,137,794 $2,110,831 Shares of common stock outstanding125,996,248 125,651,540 Book value per common share$28.17 $28.08 Tangible book value per share (non-GAAP)$16.97 $16