Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 216

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 216
---
NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS

 Goodwill is tested annually, or more often than annually, if circumstances warrant, for impairment. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated, and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements. Goodwill totaled $1.32 billion at June 30, 2025 and December 31, 2024. Goodwill impairment was neither indicated nor recorded during the six months ended June 30, 2025 or the year ended December 31, 2024.Core deposit premiums represent the value of the relationships that acquired banks had with their deposit customers and are amortized over periods ranging from 10 years to 15 years and are periodically evaluated, at least annually, as to the recoverability of their carrying value. Other intangible assets represent the value of other acquired relationships, including relationships with trust and wealth management customers, and are being amortized over various periods ranging from 8 years to 15 years. Changes in the carrying amount and accumulated amortization of the Company’s core deposit premiums and other intangible assets at June 30, 2025 and December 31, 2024 were as follows: June 30,December 31,(In thousands)20252024Core deposit premiums:Balance, beginning of year$87,575 $101,344 Amortization(5,808)(13,769)Balance, end of period81,767 87,575 Books of business and other intangibles:Balance, beginning of year9,667 11,301 Amortization(817)(1,634)Balance, end of period8,850 9,667 Total other intangible assets, net$90,617 $97,242 

30

The carrying basis and accumulated amortization of the Company’s other intangible assets at June 30, 2025 and December 31, 2024 were as follows: June 30,December 31,(In thousands)20252024Core deposit premiums:Gross carrying amount$173,305 $177,624 Accumulated amortization(91,538)(90,049)Core deposit premiums, net81,767 87,575 Books of business and other intangibles:Gross carrying amount22,068 22,068 Accumulated amortization