Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 92

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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87,575 Books of business and other intangibles:Gross carrying amount22,068 22,068 Accumulated amortization(13,626)(12,401)Books of business and other intangibles, net8,442 9,667 Total other intangible assets, net$87,520 $97,242 The Company’s estimated remaining amortization expense on other intangible assets as of September 30, 2025 is as follows: (In thousands)YearAmortizationExpense Remainder of 2025$3,097  202612,346  202712,218  202811,312  20298,563  Thereafter39,984  Total$87,520 

NOTE 7: TIME DEPOSITS

 Time deposits included approximately $1.22 billion and $1.55 billion of certificates of deposit over $250,000 at September 30, 2025 and December 31, 2024, respectively. Brokered time deposits were $1.84 billion and $3.30 billion at September 30, 2025 and December 31, 2024, respectively.

NOTE 8: INCOME TAXES

 The provision for income taxes is comprised of the following components for the periods indicated below: Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In thousands)2025202420252024Income taxes currently payable$3,110 $2,777 $20,538 $16,137 Deferred income taxes(163,842)(2,016)(166,587)(3,254)Provision for income taxes$(160,732)$761 $(146,049)$12,883 

31

The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: September 30,December 31,(In thousands)20252024Deferred tax assets:  Loans acquired$1,418 $2,141 Allowance for credit losses60,528 55,196 Valuation of foreclosed assets375 374 Tax NOLs from acquisition6,766 9,945 Deferred compensation payable3,952 3,989 Accrued equity and other compensation9,656 9,323 Acquired securities7,526