Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 115

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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 for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively. The table also shows the average rate earned on all earning assets, the average rate expensed on all interest 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