Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 271

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 271
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ChangeSeptember 30,September 30,Change(Dollars in thousands)20252025$%20252024$%Service charges on deposit accounts$13,045 $12,588 $457 3.6%$38,268 $36,920 $1,348 3.7%Debit and credit card fees8,478 8,567 (89)(1.0)25,491 24,552 939 3.8Wealth management fees9,965 9,464 501 5.329,058 26,683 2,375 8.9Mortgage lending income2,259 1,687 572 33.95,959 6,249 (290)(4.6)Bank owned life insurance income3,943 3,890 53 1.411,925 11,447 478 4.2Other service charges and fees1,474 1,321 153 11.64,128 4,227 (99)(2.3)Loss on sale of securities, net(801,492)— (801,492)*(801,492)(28,393)(773,099)*Other income6,141 4,837 1,304 27.018,985 21,928 (2,943)(13.4)Total noninterest income (loss)$(756,187)$42,354 $(798,541)*$(667,678)$103,613 $(771,291)*

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*Not meaningful

Recurring fee income (total service charges, wealth management fees, debit and credit card fees) was $33.0 million and $31.9 million for the three month periods ended September 30, 2025 and June 30, 2025, respectively, and was $96.9 million and $92.4 million for the nine month periods ended September 30, 2025 and 2024, respectively. The increase over both comparative periods is primarily related to the increases in wealth management fees due to fee growth and market performance and in service charges on deposit accounts due to growth in consumer accounts and performance related to commercial treasury management. 

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NONINTEREST EXPENSE

Noninterest expense consists of salaries and employee benefits, occupancy, equipment, foreclosure losses and other expenses necessary for our operations. Management remains committed to controlling the level of noninterest expense through the continued use