Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 297

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 297
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 0.23 Branch right sizing (net)0.01 — 0.02 0.01 Tax effect (1)(1.25)— (1.34)(0.07)Certain items, net of tax4.46 0.01 4.81 0.19 Adjusted diluted earnings per share (non-GAAP)$0.46 $0.44 $1.18 $1.02 

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(1)Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective tax rate of 26.135% on all other items.

(2)See Note 15, Earnings Per Share (“EPS”), for number of shares used to determine EPS.

77

See Table 15 below for the reconciliation of adjusted noninterest income and adjusted noninterest expense for the periods presented.

Table 15: Reconciliations of Adjusted Noninterest Income (non-GAAP) and Adjusted Noninterest Expense (non-GAAP)

 Three Months EndedNine Months EndedSeptember 30,June 30,September 30,September 30,(In thousands)2025202520252024Noninterest income$(756,187)$42,354 $(667,678)$103,613 Certain items:Loss on early extinguishment of debt570 — 570 — Loss on sale of securities801,492 — 801,492 28,393 Total certain items802,062 — 802,062 28,393 Adjusted noninterest income (non-GAAP)$45,875 $42,354 $134,384 $132,006 Noninterest expense$142,032 $138,589 $425,201 $416,426 Certain items:Early retirement program(305)(1,594)(1,899)(336)Termination of vendor and software services— — — (602)FDIC Special Assessment— — — (1,832)Branch right sizing(2,004)(163)(3,161)(1,165)Total certain items(2,309)(1,757)(5,060)(3,935)Adjusted noninterest expense (non-GAAP)$139,723 $136,832 $420,141 $412,491 

See Table 16 below for the reconciliation of tangible book value per share.

Table 16: Reconciliation of