Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 122

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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,867 6,229 4,067 (1,362)(21.9)800 19.7Postage2,280 2,228 2,037 52 2.3243 11.9Telephone1,479 1,528 1,720 (49)(3.2)(241)(14.0)Debit and credit card3,029 3,142 3,328 (113)(3.6)(299)(9.0)Marketing6,826 7,303 6,648 (477)(6.5)178 2.7Software and technology10,036 10,354 10,743 (318)(3.1)(707)(6.6)Operating supplies627 674 639 (47)(7.0)(12)(1.9)Amortization of intangibles3,527 3,850 3,850 (323)(8.4)(323)(8.4)Branch right sizing994 1,581 236 (587)(37.1)758 *Other 12,386 9,226 9,245 3,160 34.33,141 34.0Total noninterest expense$144,580 $141,117 $139,879 $3,463 2.5%$4,701 3.4%

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*Not meaningful

INVESTMENTS AND SECURITIES

Our securities portfolio is the second largest component of earning assets and provides a significant source of revenue. Securities within the portfolio are classified as either held-to-maturity (“HTM”) or AFS. Our philosophy regarding investments is conservative based on investment type and maturity. Investments in the portfolio primarily include U.S. Treasury securities, U.S. Government agencies, MBS and municipal securities. Our general policy is not to invest in derivative type investments or high-risk securities, except for collateralized MBS for which collection of principal and interest is not subordinated to significant superior rights held by others.

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HTM and AFS investment securities were $3.62 billion and $2.49 billion, respectively, at March 31, 2025, compared to the HTM amount of $3.64 billion and AFS amount of $2.53 billion at December 31, 2024. We continue to look for opportunities to maximize the value of the investment portfolio.

During the quarters ended June