Company: SFNC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001628280-25-008639
Chunk: 128

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 128
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175,057 $256,412 Certain items:Termination of vendor and software services602 — — Loss from early retirement of TruPS— — 365 Gain on sale of intellectual property— — (750)Gain on insurance settlement— — (4,074)FDIC special assessment1,832 10,521 — Donation to Simmons First Foundation— — 1,738 Merger related costs— 1,420 22,476 Early retirement program536 6,198 — Loss on sale of securities28,393 20,609 278 Branch right sizing, net2,746 5,467 3,628 Day 2 CECL Provision— — 33,779 Tax effect (1)(8,915)(11,556)(15,012)Certain items, net of tax25,194 32,659 42,428 Adjusted earnings (non-GAAP)$177,887 $207,716 $298,840 Diluted earnings per share$1.21 $1.38 $2.06 Certain items:Termination of vendor and software services— — — Loss from early retirement of TruPS— — — Gain on sale of intellectual property— — (0.01)Gain on insurance settlement— — (0.03)FDIC special assessment0.02 0.08 — Donation to Simmons First Foundation— — 0.01 Merger related costs— 0.01 0.18 Early retirement program— 0.05 — Loss on sale of securities0.23 0.17 — Branch right sizing, net0.02 0.04 0.03 Day 2 CECL Provision— — 0.28 Tax effect (1)(0.07)(0.09)(0.12)Certain items, net of tax0.20 0.26 0.34 Adjusted diluted earnings per share (non-GAAP)$1.41 $1.64 $2.40 

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(1)    Effective tax rate of 26.135%.

63

See Table 20 below for the reconciliations of adjusted noninterest income, adjusted noninterest expense, adjusted salaries and employee benefits expense and adjusted deposit insurance expense for the periods