Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 117

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 changes in interest income and interest expense resulting from changes in both volume and interest rates for the three months ended March 31, 2025 as compared to the three months ended December 31, 2024 and March 31, 2024, respectively. The changes in interest rate and volume have been allocated to changes in average volume and changes in average rates in proportion to the relationship of absolute dollar amounts of the changes in rates and volume.

Table 4: Volume/Rate Analysis 

Three Months EndedMarch 31, 2025 compared to                       December 31, 2024March 31, 2025 compared to                    March 31, 2024(In thousands, on a fully taxable equivalent basis)VolumeYield/RateTotalVolumeYield/RateTotalIncrease (decrease) in:   Interest income:   Interest bearing balances due from banks and federal funds sold$28 $(238)$(210)$390 $(697)$(307)Investment securities - taxable(862)(2,013)(2,875)(5,885)(4,729)(10,614)Investment securities - non-taxable(203)160 (43)(222)138 (84)Mortgage loans held for sale(40)(18)(58)(14)(12)(26)Loans - including fees(4,586)(10,383)(14,969)304 (4,093)(3,789)Total(5,663)(12,492)(18,155)(5,427)(9,393)(14,820)Interest expense:Interest bearing transaction and savings accounts1,365 (5,839)(4,474)318 (11,115)(10,797)Time deposits(2,550)(5,552)(8,102)(3,164)(7,518)(10,682)Federal funds purchased and securities sold under agreements to repurchase(20)14 (6)(45)(31)(76)Other borrowings(2,556)(1,116)(3,672)(2,019)(1,916)(3,935)Subordinated notes and debentures1 (372)(371)3 (841)(838)Total(3,760)(12,865)(16,625)(4,907)(21,421)(26,328)(Decrease) increase in net interest income$(1,903)$373 $(1,530)$(520)$12,028