Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 224

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 224
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%3.81 %Operating lease cost for the three and nine month periods ended September 30, 2025 was $3.9 million and $11.8 million, respectively, as compared to $4.0 million and $12.2 million for the same periods in 2024.

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NOTE 5: PREMISES AND EQUIPMENT

Premises and equipment are stated at cost less accumulated depreciation and amortization. Total premises and equipment, net at September 30, 2025 and December 31, 2024 were as follows:September 30,December 31,(In thousands)20252024Right-of-use lease assets$59,654 $67,224 Premises and equipment:Land118,029 124,819 Buildings and improvements415,128 404,223 Furniture, fixtures and equipment125,940 123,741 Software64,883 63,844 Construction in progress24,982 24,262 Accumulated depreciation and amortization(240,273)(222,682)Total premises and equipment, net$568,343 $585,431 

NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS

 Goodwill is tested annually, or more often than annually, if circumstances warrant, for impairment. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated, and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements. Goodwill totaled $1.32 billion at September 30, 2025 and December 31, 2024. Goodwill impairment was neither indicated nor recorded during the nine months ended September 30, 2025 or the year ended December 31, 2024.Core deposit premiums represent the value of the relationships that acquired banks had with their deposit customers and are amortized over periods ranging from 10 years to 15 years and are periodically evaluated, at least annually, as to the recoverability of their carrying value. Other intangible assets represent the value of other acquired relationships, including relationships with trust and wealth management customers, and are being amortized over various periods ranging from 8 years to 15 years. Changes in the carrying amount and accumulated amortization of the Company’s core deposit premiums and other intangible assets at September 30, 2025 and December 31, 2024 were as follows: September 30,December