Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 13

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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 included in “Other income” in the table below. The increase for the three month period ended March 31, 2025 as compared to the same period in 2024 was also due to a $1.2 million increase in wealth management fees.

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

Table 5: Noninterest Income

Three Months EndedMarch 31,December 31,March 31,Change from Quarter - SequentialChange from Quarter - Year-over-Year(Dollars in thousands)202520242024Service charges on deposit accounts$12,635 $12,978 $11,955 $(343)(2.6)%$680 5.7%Debit and credit card fees8,446 8,323 8,246 123 1.5200 2.4Wealth management fees9,629 9,658 8,398 (29)(0.3)1,231 14.7Mortgage lending income2,013 1,828 2,320 185 10.1(307)(13.2)Bank owned life insurance income4,092 3,780 3,814 312 8.3278 7.3Other service charges and fees1,333 1,426 1,279 (93)(6.5)54 4.2Other income8,007 5,565 7,172 2,442 43.9835 11.6Total noninterest income$46,155 $43,558 $43,184 $2,597 6.0%$2,971 6.9%

Recurring fee income (total service charges, wealth management fees, debit and credit card fees) was $32.0 million, $32.4 million and $29.9 million for the three month periods ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

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 of expense control measures. We utilize an extensive profit planning and reporting system