Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 9

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 bearing liabilities, the net interest spread and the net interest margin for the same periods. The analysis is presented on a fully taxable equivalent basis. Nonaccrual loans were included in average loans for the purpose of calculating the rate earned on total loans.

Table 3: Average Balance Sheets and Net Interest Income Analysis

(FTE = Fully Taxable Equivalent using an effective tax rate of 26.135%)

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024AverageIncome/Yield/AverageIncome/Yield/AverageIncome/Yield/(In thousands)BalanceExpenseRate (%)BalanceExpenseRate (%)BalanceExpenseRate (%)ASSETSEarning assets:Interest bearing balances due from banks and federal funds sold$241,021 $2,703 4.55 $238,731 $2,913 4.85 $211,121 $3,010 5.73 Investment securities - taxable3,540,559 31,584 3.62 3,633,138 34,459 3.77 4,162,455 42,198 4.08 Investment securities - non-taxable2,608,070 21,217 3.30 2,633,148 21,260 3.21 2,635,368 21,301 3.25 Mortgage loans held for sale8,142 122 6.08 10,713 180 6.68 9,048 148 6.58 Loans - including fees16,920,050 258,625 6.20 17,212,034 273,594 6.32 16,900,496 262,414 6.24 Total interest earning assets23,317,842 314,251 5.47 23,727,764 332,406 5.57 23,918,488 329,071 5.53 Non-earning assets3,360,786 3,351,179 3,340,911 Total assets$26,678,628 $27,078,943 $27,259,399 LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities:      Interest bearing liabilities:      Interest bearing transaction and savings deposits$11,177,550 $67,895 2.46