Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 14

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 three month period ended March 31, 2025. The decrease for the three month period ended June 30, 2025 as compared to the preceding sequential quarter is primarily related to a $1.4 million Small Business Investment Company (“SBIC”) valuation adjustment recorded during the period, coupled with lower swap fee income due to a large swap transaction and associated fees recorded in the prior comparative period, all of which are included in “Other income” in the table below. 

Noninterest income for the six months ended June 30, 2025 increased by approximately $2.0 million or 2.3% as compared to the six months ended June 30, 2024. While the individual line items were all relatively flat as compared to the same period in 2024, the increase was primarily due to a $1.5 million increase in wealth management fees related to strong performance and more favorable market conditions during the six months ended June 30, 2025.

Table 5 shows noninterest income for the three month periods ended June 30, 2025 and March 31, 2025 and the six months ended June 30, 2025 and 2024, respectively, as well as changes between periods.

Table 5: Noninterest Income

Three Months EndedSix Months EndedJune 30,March 31,ChangeJune 30,June 30,Change(Dollars in thousands)20252025$%20252024$%Service charges on deposit accounts$12,588 $12,635 $(47)(0.4)%$25,223 $24,207 $1,016 4.2%Debit and credit card fees8,567 8,446 121 1.417,013 16,408 605 3.7Wealth management fees9,464 9,629 (165)(1.7)19,093 17,585 1,508 8.6Mortgage lending income1,687 2,013 (326)(16.2)3,700 4,293 (593)(13.8)Bank owned life insurance income3,890 4,092 (202)(4.9)7,982 7,690 292 3.8Other service charges and fees1,321 1,333 (12)(0.9)2,654 2,718 (64)(2.4