# EDGAR Filing Document

**Accession Number:** 0000090498
**File Stem:** 0001193125-25-241469
**Filing Date:** 2025-10
**Character Count:** 208517
**Document Hash:** 1f99f1ee9975296b087d00f1cd1a3122
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-241469.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0001193125-25-241469

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 54

**CONFORMED PERIOD OF REPORT**: 20251016

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIMMONS FIRST NATIONAL CORP
- **CENTRAL INDEX KEY:** 0000090498
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 710407808
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-06253
- **FILM NUMBER:** 251397968

**BUSINESS ADDRESS:**
- **STREET 1:** 501 MAIN STREET
- **CITY:** PINE BLUFF
- **STATE:** AR
- **ZIP:** 71601
- **BUSINESS PHONE:** 8705411000

**MAIL ADDRESS:**
- **STREET 1:** 501 MAIN STREET
- **CITY:** PINE BLUFF
- **STATE:** AR
- **ZIP:** 71601

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported) October 16, 2025

## SIMMONS FIRST NATIONAL CORPORATION

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Arkansas** | **0-6253** | **71-0407808** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **501 Main Street, Pine Bluff, Arkansas** | **71601** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(870) 541-1000

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common stock, par value $0.01 per share | SFNC | The Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.**  |

---

On October 16, 2025, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information provided pursuant to this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 ("Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.**  |

---

On October 16, 2025, the Registrant issued an investor presentation, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information provided pursuant to this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

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| | |
|:---|:---|
| Exhibit 99.1 | [Press Release dated October 16, 2025](d80131dex991.htm) |
| Exhibit 99.2 | [Investor Presentation issued on October 16, 2025](d80131dex992.htm) |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |

---

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | **SIMMONS FIRST NATIONAL CORPORATION** |
|  | /s/ C. Daniel Hobbs |
| Date: October 16, 2025 | C. Daniel Hobbs, Executive Vice President and<br> Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g80131dsp69.jpg)

October 16, 2025

**Simmons First National Corporation Reports Third Quarter 2025 Results** 

**George Makris, Jr., Simmons' Chairman and CEO, commented on third quarter 2025 results:**

*The third quarter was transformative for Simmons. With overwhelming investor support we successfully raised $327 million of equity capital to reposition our balance sheet and unlock our future earnings stream. We effectively addressed a negative arbitrage between long-term bond yields and shorter-term funding costs which freed up capital for future growth. While the one-time loss on the sale of the bonds was significant, the financial strength of our company coupled with the positive sentiment from investors allowed us that opportunity.* 

*Although the benefit of the repositioning was only partially realized in the quarter based on the timing of the transactions, our results demonstrated the exceptional improvement in our profitability, and the results from the month of September are very encouraging for our future performance.* 

*I believe we are now well positioned to deliver stronger organic growth throughout our franchise which includes some of the most dynamic markets in the country. Our team is prepared, and I am optimistic about Simmons' future.* 

**Simmons First National Corporation (NASDAQ: SFNC)** (Simmons or Company) today reported a net loss of $562.8 million for the third quarter of 2025, compared to net income of $54.8 million in the second quarter of 2025 and $24.7 million in the third quarter of 2024. Diluted earnings per share were $(4.00) for the third quarter of 2025, compared to $0.43 in the second quarter of 2025 and $0.20 for the third quarter of 2024. Adjusted earnings<sup>1</sup> for the third quarter of 2025 were $64.9 million, compared to $56.1 million in the second quarter of 2025 and $46.0 million in the third quarter of 2024. Adjusted diluted earnings per share<sup>1</sup> for the third quarter of 2025 were $0.46, compared to $0.44 in the second quarter of 2025 and $0.37 in the third quarter of 2024.

As previously disclosed, on July 22, 2025, the Company announced the pricing of its public offering of the Company's Class A common stock that generated net proceeds of approximately $327 million. Proceeds from the offering were subsequently utilized to support a balance sheet repositioning that included the sale of approximately $2.4 billion (fair value) of low-yielding investment securities at an after-tax loss of approximately $626 million. Proceeds from the sale of the investment securities were primarily used to deleverage the balance sheet through the pay-down of higher rate, non-relationship wholesale and public fund deposits, as well as higher rate other borrowings primarily consisting of FHLB advances. The pay-down of higher rate funding was completed throughout the third quarter of 2025, and thus the benefits (including interest expense savings) are only partially reflected in the results for the quarter.

The table below summarizes the impact of the loss on the sale of securities, as well as other certain items, consisting primarily of branch right sizing costs, early retirement program costs and loss on early extinguishment of debt. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.

**Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)** 

---

| | | | |
|:---|:---|:---|:---|
| $ in millions, except per share data | **3Q25** | **2Q25** | **3Q24** |
|  **Net income (loss)** | $**(562.8)** | $54.8 | $24.7 |
|  Branch right sizing costs, net | **2.0** | 0.2 | 0.4 |
|  Early retirement program costs | **0.3** | 1.6 |  |
|  Loss on early extinguishment of debt | **0.6** |  |  |
|  Loss on sale of securities | **801.5** |  | 28.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total pre-tax impact | **804.4** | 1.8 | 28.8 |
|  Tax effect | **(176.7)** | (0.5) | (7.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total impact on earnings | **627.7** | 1.3 | 21.3 |
|  **Adjusted earnings<sup>1,3</sup>** | $**64.9** | $56.1 | $46.0 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  **Diluted EPS** | $**(4.00)** | $0.43 | $0.20 |
|  Branch right sizing costs, net | **0.01** |  |  |
|  Early retirement program costs |  | 0.01 |  |
|  Loss on early extinguishment of debt |  |  |  |
|  Loss on sale of securities | **5.70** |  | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total pre-tax impact | **5.71** | 0.01 | 0.23 |
|  Tax effect | **(1.25)** |  | (0.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total impact on earnings | **4.46** | 0.01 | 0.17 |
|  **Adjusted Diluted EPS<sup>1</sup>** | $**0.46** | $0.44 | $0.37 |

---

The Financial Highlights table below summarizes key financial metrics for the third quarter of 2025, the second quarter of 2025 and the third quarter of 2024.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FINANCIAL HIGHLIGHTS** | **3Q25** | **2Q25** | **3Q24** | **3Q25 Highlights** |
| **BALANCE SHEET** (in millions) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total loans | $17189 | $17111 | $17336 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total investment securities | 3319 | 5997 | 6350 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total deposits | 19838 | 21825 | 21935 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total assets | 24208 | 26694 | 27269 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total shareholders' equity | 3354 | 3549 | 3529 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  **PERFORMANCE MEASURES** (in millions) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total revenue | $(569.5) | $214.2 | $174.8 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Adjusted total revenue<sup>1</sup> | 232.5 | 214.2 | 203.2 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Pre-provision net revenue<sup>1</sup> (PPNR) | (711.6) | 75.6 | 37.6 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Adjusted pre-provision net revenue<sup>1</sup> | 92.8 | 77.3 | 66.4 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Provision for credit losses | 12.0 | 11.9 | 12.1 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  **PER SHARE DATA** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Diluted earnings | $(4.00) | $0.43 | $0.20 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Adjusted diluted earnings<sup>1</sup> | 0.46 | 0.44 | 0.37 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Cash dividend declared | 0.2125 | 0.2125 | 0.21 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  **ASSET QUALITY** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Net charge-off ratio (NCO ratio) | 0.25% | 0.25% | 0.22% | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Nonperforming loan ratio | 0.90 | 0.92 | 0.59 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Nonperforming assets to total assets | 0.66 | 0.62 | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Allowance for credit losses to loans (ACL) | 1.50 | 1.48 | 1.35 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Nonperforming loan coverage ratio | 168 | 161 | 229 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  **CAPITAL RATIOS** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Equity to assets (EA ratio) | 13.85% | 13.30% | 12.94% | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Tangible common equity (TCE) ratio<sup>1</sup> | 8.53 | 8.46 | 8.15 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Common equity tier 1 (CET1) ratio | 11.54 | 12.36 | 12.06 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Total risk-based capital ratio | 15.07 | 14.42 | 14.25 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  **OTHER DATA** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Net interest margin (FTE) | 3.50% | 3.06% | 2.74% | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Loan yield (FTE) | 6.31 | 6.26 | 6.44 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Cost of deposits | 2.25 | 2.36 | 2.79 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Full-time equivalent employees | 2883 | 2947 | 2972 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |
|  Number of financial centers | 223 | 223 | 234 | &nbsp;&nbsp;&nbsp;&nbsp; *Comparisons reflect 3Q25 vs 2Q25 unless otherwise noted*<br>• Net loss of $562.8 million and diluted EPS of $(4.00)<br>• Adjusted net income<sup>1</sup> of $64.9 million and adjusted diluted EPS<sup>1</sup> of $0.46<br>• Total revenue of $(569.5) million and PPNR<sup>1</sup> of $(711.6) million<br>• Adjusted total revenue<sup>1</sup> of $232.5 million and adjusted PPNR<sup>1</sup> of $92.8 million<br>• Net interest income up $14.8 million, or 9 percent<br>• Net interest margin up 44 basis points to 3.50%; the 6<sup>th</sup> consecutive quarterly increase in net interest margin<br>• Pricing discipline led to 5 basis point increase in loan yields<br>• Cost of deposits down 11 bps; reduction in higher rate funding only partially reflected in 3Q25 results<br>• NCO ratio of 25 bps in 3Q24; provision for credit losses on loans exceeded net charge-offs by $4.5 million<br>• ACL ratio up 2 bps to 1.50% |

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**Net Interest Income** 

Net interest income for the third quarter of 2025 totaled $186.7 million, up $14.8 million, or 9 percent, compared to $171.8 million in the second quarter of 2025 and up $28.9 million, or 18 percent, from $157.7 million in the third quarter of 2024. Interest income totaled $313.4 million for the third quarter of 2025, compared to $315.0 million in the second quarter of 2025 and $334.3 million in the third quarter of 2024. The decrease in interest income on a linked quarter basis was primarily due to a decline in the level of interest income derived from investment securities resulting from the balance sheet repositioning undertaken in the third quarter of 2025 that included the sale of lower-

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yielding investment securities, that was offset by increases in interest income from loans and other earning assets. Interest expense totaled $126.8 million for the third quarter of 2025, compared to $143.2 million in the second quarter of 2025 and $176.6 million in the third quarter of 2024. The decrease in interest expense on a linked quarter basis was primarily due to a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Select Yield/Rates** | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Loan yield (FTE)<sup>2</sup> | 6.31% | 6.26% | 6.20% | 6.32% | 6.44% |
|  Investment securities yield (FTE)<sup>2</sup> | 4.01 | 3.48 | 3.48 | 3.54 | 3.63 |
|  Cost of interest bearing deposits | 2.86 | 2.97 | 3.05 | 3.28 | 3.52 |
|  Cost of deposits | 2.25 | 2.36 | 2.44 | 2.60 | 2.79 |
|  Net interest spread (FTE)<sup>2</sup> | 2.86 | 2.41 | 2.30 | 2.15 | 1.95 |
|  Net interest margin (FTE)<sup>2</sup> | 3.50 | 3.06 | 2.95 | 2.87 | 2.74 |

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**Noninterest Income** 

Noninterest income for the third quarter of 2025 was $(756.2) million, compared to $42.4 million in the second quarter of 2025 and $17.1 million in the third quarter of 2024. Included in third quarter 2025 results was a $801.5 million pre-tax loss on the sale of low-yielding securities that were sold in connection with the previously mentioned balance sheet repositioning and $0.6 million loss on the early extinguishment of debt. The third quarter of 2024 included a $28.4 million pre-tax loss on the sale of low-yielding securities. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" tables below), adjusted noninterest income<sup>1</sup> was $45.9 million for the third quarter of 2025, $42.4 million in the second quarter of 2025 and $45.5 million in the third quarter of 2024. The increase in adjusted noninterest income on a linked quarter basis was broad based, led by an increase in mortgage lending income and a Small Business Investment Company (SBIC) negative valuation adjustment in the second quarter of 2025, which is included in other income in the table below.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Income**<br> $ in millions | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Service charges on deposit accounts | $13.0 | $12.6 | $12.6 | $13.0 | $12.7 |
|  Wealth management fees | 10.0 | 9.5 | 9.6 | 9.7 | 9.1 |
|  Debit and credit card fees | 8.5 | 8.6 | 8.4 | 8.3 | 8.1 |
|  Mortgage lending income | 2.3 | 1.7 | 2.0 | 1.8 | 2.0 |
|  Other service charges and fees | 1.5 | 1.3 | 1.3 | 1.4 | 1.5 |
|  Bank owned life insurance | 3.9 | 3.9 | 4.1 | 3.8 | 3.8 |
|  Gain (loss) on sale of securities | (801.5) |  |  |  | (28.4) |
|  Other income | 6.1 | 4.8 | 8.0 | 5.6 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total noninterest income | $(756.2) | $42.4 | $46.2 | $43.6 | $17.1 |
|  Adjusted noninterest income<sup>1</sup> | $45.9 | $42.4 | $46.2 | $43.6 | $45.5 |

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**Noninterest Expense** 

Noninterest expense for the third quarter of 2025 was $142.0 million, compared to $138.6 million in the second quarter of 2025 and $137.2 million in the third quarter of 2024. Included in noninterest expense are certain items consisting of branch right sizing costs, early retirement program costs and termination of vendor and software services. Collectively, these items totaled $2.3 million in the third quarter of 2025, $1.8 million in the second quarter of 2025 and $0.4 million in the third quarter of 2024. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" tables below), adjusted noninterest expense<sup>1</sup> was $139.7 million for the third quarter of 2025, and $136.8 million in both the second quarter of 2025 and third quarter of 2024. The increase in adjusted noninterest expense on a linked quarter basis primarily reflected salary and employee benefits accrual adjustments given the Company's financial performance through the third quarter of 2025 and a $1.6 million fraud recovery in the third quarter of 2025.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Noninterest Expense**<br> $ in millions | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Salaries and employee benefits | $76.2 | $73.9 | $74.8 | $71.6 | $69.2 |
|  Occupancy expense, net | 12.1 | 11.8 | 12.7 | 11.9 | 12.2 |
|  Furniture and equipment | 5.3 | 5.5 | 5.5 | 5.7 | 5.6 |
|  Deposit insurance | 5.2 | 4.9 | 5.4 | 5.6 | 5.6 |
|  Other real estate and foreclosure expense | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 |
|  Other operating expenses | 43.0 | 42.3 | 46.1 | 46.1 | 44.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total noninterest expense | $142.0 | $138.6 | $144.6 | $141.1 | $137.2 |
|  Adjusted salaries and employee benefits<sup>1</sup> | $75.9 | $72.3 | $74.8 | $71.4 | $69.2 |
|  Adjusted other operating expenses<sup>1</sup> | 41.5 | 42.5 | 45.9 | 44.7 | 44.4 |
|  Adjusted noninterest expense<sup>1</sup> | 139.7 | 136.8 | 143.6 | 139.3 | 136.8 |
|  Efficiency ratio | (25.11)% | 62.82% | 66.94% | 65.66% | 75.70% |
|  Adjusted efficiency ratio<sup>1</sup> | 57.72 | 60.52 | 64.75 | 62.89 | 63.38 |
|  Full-time equivalent employees | 2883 | 2947 | 2949 | 2946 | 2972 |
|  Number of financial centers | 223 | 223 | 222 | 222 | 234 |

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**Loans and Unfunded Loan Commitments** 

Total loans at the end of the third quarter of 2025 were $17.2 billion, up 2 percent on a linked quarter annualized basis. The increase in total loans was driven by increases in mortgage warehouse, real estate – construction and agricultural, offset in part by declines in real estate – commercial and commercial portfolios. Unfunded loan commitments at the end of the third quarter of 2025 were $4.0 billion, compared to $3.9 billion at the end of the second quarter of 2025. This marked the fourth consecutive quarterly increase in unfunded loan commitments. The commercial loan pipeline totaled $1.6 billion at the end of the third quarter of 2025, and ready to close commercial loans totaled $490 million with a weighted average rate of 7.19 percent.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Loans and Unfunded Loan Commitments**<br> $ in millions | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Total loans | $17189 | $17111 | $17094 | $17006 | $17336 |
|  Unfunded loan commitments | 3955 | 3947 | 3888 | 3739 | 3681 |

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**Deposits and Other Borrowings** 

Total deposits at the end of the third quarter of 2025 were $19.8 billion, compared to $21.8 billion at the end of the second quarter of 2025 and $21.9 billion at the end of the third quarter of 2024. The decrease in total deposits reflects a reduction of higher rate, non-relationship wholesale and public fund deposits as part of the balance sheet repositioning previously mentioned. At the same time, the overall mix of deposits improved with noninterest bearing deposits representing 22.1 percent of total deposits at the end of the third quarter of 2025, compared to 20.5 percent at the end of the second quarter of 2025. Interest bearing transaction accounts (excluding interest bearing public funds) represent 42.8 percent of total deposits at the end of the third quarter of 2025, compared to 39.0 percent at the end of the second quarter of 2025.

Other borrowings at the end of the third quarter of 2025 were $18.8 million, compared to $634.3 million at the end of the second quarter of 2025 and $1.0 billion at the end of the third quarter of 2024. The decrease in other borrowings on a linked quarter basis and year-over-year basis reflected the pay down of higher cost wholesale funding, primarily FHLB advances, as part of the balance sheet repositioning.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Deposits**<br> $ in millions | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Noninterest bearing deposits | $4377 | $4468 | $4455 | $4461 | $4522 |
|  Interest bearing transaction accounts | 10289 | 10532 | 10621 | 10331 | 10038 |
|  Time deposits | 3331 | 3588 | 3695 | 3796 | 4014 |
|  Brokered deposits | 1841 | 3237 | 2914 | 3298 | 3361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | $19838 | $21825 | $21684 | $21886 | $21935 |
|  Noninterest bearing deposits to total deposits | 22% | 20% | 21% | 20% | 21% |
|  Total loans to total deposits | 87 | 78 | 79 | 78 | 79 |

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**Asset Quality** 

Total nonperforming loans at the end of the third quarter of 2025 totaled $153.9 million, compared to $157.2 million at the end of the second quarter of 2025 and $101.7 million at the end of the third quarter of 2024. The decrease in nonperforming loans on a linked quarter basis primarily reflected declines in commercial and real estate – single family loan portfolios, offset in part by an increase in the real estate – commercial portfolio. The increase in

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nonperforming loans on a year-over-year basis was primarily due to two specific credit relationships that were placed on nonaccrual at the end of first quarter of 2025. The nonperforming loan coverage ratio ended the third quarter of 2025 at 168 percent, compared to 161 percent at the end of the second quarter of 2025 and 229 percent at the end of the third quarter of 2024. Total nonperforming assets as a percentage of total assets were 66 basis points at the end of the third quarter of 2025, compared to 62 basis points at the end of the second quarter of 2025 and 38 basis points at the end of the third quarter of 2024.

Provision for credit losses on loans totaled $15.2 million for the third quarter of 2025, compared to $11.9 million in the second quarter of 2025 and $12.1 million in the third quarter of 2024. The allowance for credit losses on loans at the end of the third quarter of 2025 was $258.0 million, compared to $253.5 million at the end of the second quarter of 2025 and $233.2 million at the end of the third quarter of 2024. The allowance for credit losses on loans as a percentage of total loans was 1.50 percent at the end of the third quarter of 2025, compared to 1.48 percent at the end of the second quarter of 2025 and 1.35 percent at the end of the third quarter of 2024.

Net charge-offs as a percentage of average loans for the third quarter of 2025 were 25 basis points, unchanged from second quarter 2025 levels and up slightly from 22 basis points in the third quarter of 2024. Provision for credit losses on loans exceeded net charge-offs by $4.5 million in the third quarter of 2025, $1.4 million in the second quarter of 2025 and $2.8 million in the third quarter of 2024.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset Quality**<br> $ in millions | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Allowance for credit losses on loans to total loans | 1.50% | 1.48% | 1.48% | 1.38% | 1.35% |
|  Allowance for credit losses on loans to nonperforming loans | 168 | 161 | 165 | 212 | 229 |
|  Nonperforming loans to total loans | 0.90 | 0.92 | 0.89 | 0.65 | 0.59 |
|  Net charge-off ratio (annualized) | 0.25 | 0.25 | 0.23 | 0.27 | 0.22 |
|  Net charge-off ratio YTD (annualized) | 0.24 | 0.24 | 0.23 | 0.22 | 0.20 |
|  Total nonperforming loans | $153.9 | $157.2 | $152.3 | $110.7 | $101.7 |
|  Total other nonperforming assets | 6.8 | 9.5 | 10.0 | 10.5 | 2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total nonperforming assets | $160.7 | $166.7 | $162.3 | $121.2 | $104.3 |
|  Reserve for unfunded commitments | $25.6 | $25.6 | $25.6 | $25.6 | $25.6 |

---

**Capital and Subordinated Debt** 

Total stockholders' equity at the end of the third quarter was $3.4 billion, compared to $3.5 billion at the end of both the second quarter of 2025 and the third quarter of 2024. The decrease on a linked quarter basis and year-over-year basis was primarily due to a decline in undivided profits, reflecting the loss on sale of securities, offset in part by net proceeds of approximately $327 million from a common equity offering completed prior to commencement of the balance sheet repositioning. Book value per share at the end of the third quarter of 2025 was $23.18, compared to $28.17 at the end of the second quarter of 2025 and $28.11 at the end of the third quarter of 2024. Tangible book value per share<sup>1</sup> at the end of the third quarter of 2025 was $13.45, compared to $16.97 at the end of the second quarter of 2025 and $16.78 at the end of the third quarter of 2024. The decrease in book value per share and tangible book value per share was due to the loss on the sale of investment securities.

Total stockholders' equity as a percentage of total assets at the end of the third quarter of 2025 was 13.9 percent, compared to 13.3 percent at the end of the second quarter of 2025 and 12.9 percent at the end of the third quarter of 2024. Tangible common equity as a percentage of tangible assets<sup>1</sup> was 8.5 percent at the end of both the third quarter of 2025 and second quarter of 2025, and 8.2 percent at the end of the third quarter of 2024. Each of the applicable regulatory capital ratios for Simmons and its principal subsidiary, Simmons Bank, continue to significantly exceed "well-capitalized" regulatory guidelines.

During the third quarter of 2025, the Company completed the offering and sale of $325 million in aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes"). The Notes were priced at par. The Company used the net proceeds from the offering, along with cash on hand, to repay in full the Company's outstanding $330 million principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2028, which was completed on October 1, 2025. Additionally, on July 31, 2025, the Company completed the redemption of the Company's outstanding $37 million principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2030.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Select Capital Ratios** | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
|  Stockholders' equity to total assets | 13.9% | 13.3% | 13.2% | 13.1% | 12.9% |
|  Tangible common equity to tangible assets<sup>1</sup> | 8.5 | 8.5 | 8.3 | 8.3 | 8.2 |
|  Common equity tier 1 (CET1) ratio | 11.5 | 12.4 | 12.2 | 12.4 | 12.1 |
|  Tier 1 leverage ratio | 9.6 | 10.0 | 9.8 | 9.7 | 9.6 |
|  Tier 1 risk-based capital ratio | 11.5 | 12.4 | 12.2 | 12.4 | 12.1 |
|  Total risk-based capital ratio | 15.1 | 14.4 | 14.6 | 14.6 | 14.3 |

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**Share Repurchase Program** 

During the third quarter of 2025, Simmons did not repurchase shares under its stock repurchase program that was authorized in January 2024 (2024 Program), which replaced its former repurchase program that was authorized in January 2022. Remaining authorization under the 2024 Program as of September 30, 2025, was approximately $175 million. The timing, pricing and amount of any repurchases under the 2024 Program will be determined by Simmons' management at its discretion based on a variety of factors including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2024 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.

*(1)* *Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial Measures" below* 

*(2)* *FTE – fully taxable equivalent basis using an effective tax rate of 26.135%* 

*(3)* *In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"* 

**Conference Call** 

Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, October 17, 2025. Interested persons can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10203266. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.

**Simmons First National Corporation** 

Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 116 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by *Newsweek* as one of America's Greatest Workplaces 2025 in Arkansas. In 2024, Simmons Bank was recognized by *Newsweek* as one of America's Best Regional Banks 2025, by *U.S. News & World Report* as one of the 2024-2025 Best Companies to Work For in the South and by *Forbes* as one of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State Employers 2024 in Missouri. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X (formerly Twitter) or by visiting our newsroom.

**Non-GAAP Financial Measures** 

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, losses on sale of securities, net branch right-sizing initiatives, early retirement program, termination of vendor and software services and losses on early extinguishment of debt.

In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities, or the aforementioned two specific credit relationships. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax

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effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

**Forward-Looking Statements** 

Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Makris's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that we have not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2024, the Company's Form 10-Q for the quarter ended June 30, 2025, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.

FOR MORE INFORMATION CONTACT:

Ed Bilek, EVP, Director of Investor and Media Relations

ed.bilek@simmonsbank.com or 205.612.3378 (cell)

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated End of Period Balance Sheets** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **ASSETS** |  |  |  |  |  |
|  Cash and noninterest bearing balances due from banks | $377604 | $398081 | $423171 | $429705 | $398321 |
|  Interest bearing balances due from banks and federal funds sold | 266013 | 246381 | 211115 | 257672 | 205081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 643617 | 644462 | 634286 | 687377 | 603402 |
|  Interest bearing balances due from banks - time | 100 | 100 | 100 | 100 | 100 |
|  Investment securities - held-to-maturity |  | 3591531 | 3615556 | 3636636 | 3658700 |
|  Investment securities - available-for-sale | 3319277 | 2405320 | 2491849 | 2529426 | 2691094 |
|  Mortgage loans held for sale | 15507 | 16972 | 8351 | 11417 | 8270 |
|  Assets held in trading accounts | 12695 |  |  |  |  |
|  Loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans | 17188817 | 17111096 | 17094078 | 17005937 | 17336040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans | (258006) | (253537) | (252168) | (235019) | (233223) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loans | 16930811 | 16857559 | 16841910 | 16770918 | 17102817 |
|  Premises and equipment | 568343 | 573160 | 573616 | 585431 | 584366 |
|  Foreclosed assets and other real estate owned | 6386 | 8794 | 8976 | 9270 | 1299 |
|  Interest receivable | 104383 | 120443 | 117398 | 123243 | 125700 |
|  Bank owned life insurance | 539372 | 535481 | 535324 | 531805 | 508781 |
|  Goodwill | 1320799 | 1320799 | 1320799 | 1320799 | 1320799 |
|  Other intangible assets | 87520 | 90617 | 93714 | 97242 | 101093 |
|  Other assets | 659352 | 528382 | 551112 | 572385 | 562983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $24208162 | $26693620 | $26792991 | $26876049 | $27269404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |
|  Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest bearing transaction accounts | $4377232 | $4468237 | $4455255 | $4460517 | $4521715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest bearing transaction accounts and savings deposits | 10932914 | 11176791 | 11265554 | 10982022 | 10863945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 4527587 | 6179962 | 5963811 | 6443211 | 6549774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 19837733 | 21824990 | 21684620 | 21885750 | 21935434 |
|  Federal funds purchased and securities sold under agreements to repurchase | 22348 | 31306 | 50133 | 37109 | 51071 |
|  Other borrowings | 18832 | 634349 | 884863 | 745372 | 1045878 |
|  Subordinated notes and debentures | 651250 | 366369 | 366331 | 366293 | 366255 |
|  Accrued interest and other liabilities | 324036 | 287396 | 275559 | 312653 | 341933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 20854199 | 23144410 | 23261506 | 23347177 | 23740571 |
|  Stockholders' equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock | 1447 | 1260 | 1259 | 1257 | 1256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surplus | 2848977 | 2518286 | 2515372 | 2511590 | 2508438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undivided profits | 817022 | 1410564 | 1382564 | 1376935 | 1355000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive (loss) income | (313483) | (380900) | (367710) | (360910) | (335861) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total stockholders' equity | 3353963 | 3549210 | 3531485 | 3528872 | 3528833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders' equity | $24208162 | $26693620 | $26792991 | $26876049 | $27269404 |

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**Page 1** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated Statements of Income - Quarter-to-Date** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands, except per share data)** |  |  |  |  |  |
|  **INTEREST INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans (including fees) | $269210 | $265373 | $257755 | $272727 | $277939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest bearing balances due from banks and federal funds sold | 6421 | 2531 | 2703 | 2913 | 2921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment securities | 37464 | 46898 | 47257 | 50162 | 53220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans held for sale | 229 | 221 | 122 | 180 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets held in trading accounts | 99 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL INTEREST INCOME | 313423 | 315023 | 307837 | 325982 | 334289 |
|  **INTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 49064 | 57231 | 62559 | 70661 | 73937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other deposits | 67546 | 69108 | 67895 | 72369 | 78307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased and securities sold under agreements to repurchase | 72 | 59 | 113 | 119 | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other borrowings | 2957 | 10613 | 7714 | 11386 | 17067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated notes and debentures | 7123 | 6188 | 6134 | 6505 | 7128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL INTEREST EXPENSE | 126762 | 143199 | 144415 | 161040 | 176577 |
|  **NET INTEREST INCOME** | 186661 | 171824 | 163422 | 164942 | 157712 |
|  **PROVISION FOR CREDIT LOSSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for credit losses on loans | 15180 | 11945 | 26797 | 13332 | 12148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL PROVISION FOR CREDIT LOSSES | 11966 | 11945 | 26797 | 13332 | 12148 |
|  **NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES** | 174695 | 159879 | 136625 | 151610 | 145564 |
|  **NONINTEREST INCOME** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service charges on deposit accounts | 13045 | 12588 | 12635 | 12978 | 12713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debit and credit card fees | 8478 | 8567 | 8446 | 8323 | 8144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth management fees | 9965 | 9464 | 9629 | 9658 | 9098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage lending income | 2259 | 1687 | 2013 | 1828 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank owned life insurance income | 3943 | 3890 | 4092 | 3780 | 3757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other service charges and fees (includes insurance income) | 1474 | 1321 | 1333 | 1426 | 1509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on sale of securities | (801492) |  |  |  | (28393) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income | 6141 | 4837 | 8007 | 5565 | 8346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL NONINTEREST INCOME | (756187) | 42354 | 46155 | 43558 | 17130 |
|  **NONINTEREST EXPENSE** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries and employee benefits | 76249 | 73862 | 74824 | 71588 | 69167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occupancy expense, net | 12106 | 11844 | 12651 | 11876 | 12216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Furniture and equipment expense | 5275 | 5474 | 5465 | 5671 | 5612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other real estate and foreclosure expense | 200 | 216 | 198 | 317 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit insurance | 5175 | 4917 | 5391 | 5550 | 5571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses | 43027 | 42276 | 46051 | 46115 | 44540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL NONINTEREST EXPENSE | 142032 | 138589 | 144580 | 141117 | 137193 |
|  **NET INCOME (LOSS) BEFORE INCOME TAXES** | (723524) | 63644 | 38200 | 54051 | 25501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for income taxes | (160732) | 8871 | 5812 | 5732 | 761 |
|  **NET INCOME (LOSS)** | $(562792) | $54773 | $32388 | $48319 | $24740 |
|  **BASIC EARNINGS PER SHARE** | $(4.01) | $0.43 | $0.26 | $0.38 | $0.20 |
|  **DILUTED EARNINGS PER SHARE** | $(4.00) | $0.43 | $0.26 | $0.38 | $0.20 |

---

**Page 2** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated Risk-Based Capital** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **<u>Tier 1 capital</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stockholders' equity | $3353963 | $3549210 | $3531485 | $3528872 | $3528833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CECL transition provision <sup>(1)</sup> |  |  |  | 30873 | 30873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disallowed intangible assets, net of deferred tax | (1376255) | (1379104) | (1381953) | (1385128) | (1388549) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized loss (gain) on AFS securities | 313483 | 380900 | 367710 | 360910 | 335861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Tier 1 capital | 2291191 | 2551006 | 2517242 | 2535527 | 2507018 |
|  **<u>Tier 2 capital</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated notes and debentures | 651250 | 366369 | 366331 | 366293 | 366255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated debt phase out | (198000) | (198000) | (132000) | (132000) | (132000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qualifying allowance for loan losses and reserve for unfunded commitments | 248710 | 258079 | 257769 | 222313 | 220517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Tier 2 capital | 701960 | 426448 | 492100 | 456606 | 454772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-based capital | $2993151 | $2977454 | $3009342 | $2992133 | $2961790 |
|  Risk weighted assets | $19861879 | $20646324 | $20621540 | $20473960 | $20790941 |
|  Adjusted average assets for leverage ratio | $23963356 | $25606135 | $25619424 | $26037459 | $26198178 |
|  **<u>Ratios at end of quarter</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity to assets | 13.85% | 13.30% | 13.18% | 13.13% | 12.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible common equity to tangible assets <sup>(2)</sup> | 8.53% | 8.46% | 8.34% | 8.29% | 8.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common equity Tier 1 ratio (CET1) | 11.54% | 12.36% | 12.21% | 12.38% | 12.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tier 1 leverage ratio | 9.56% | 9.96% | 9.83% | 9.74% | 9.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tier 1 risk-based capital ratio | 11.54% | 12.36% | 12.21% | 12.38% | 12.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-based capital ratio | 15.07% | 14.42% | 14.59% | 14.61% | 14.25% |

---

*(1)* *The Company has elected to use the CECL transition provision allowed for in the year of adopting ASC 326.* 

*(2)* *Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.* 

**Page 3** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated Investment Securities** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **<u>Investment Securities - End of Period</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Held-to-Maturity** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government agencies | $— | $457228 | $456545 | $455869 | $455179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed securities |  | 1024313 | 1048170 | 1070032 | 1093070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State and political subdivisions |  | 1855614 | 1856905 | 1857177 | 1857283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other securities |  | 254376 | 253936 | 253558 | 253168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total held-to-maturity (net of credit losses) |  | 3591531 | 3615556 | 3636636 | 3658700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available-for-Sale** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury | $— | $400 | $699 | $996 | $1290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government agencies | 48355 | 49498 | 52318 | 54547 | 58397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed securities | 2249593 | 1349991 | 1380913 | 1392759 | 1510402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State and political subdivisions | 845371 | 807842 | 832898 | 858182 | 898178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other securities | 175958 | 197589 | 225021 | 222942 | 222827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total available-for-sale (net of credit losses) | 3319277 | 2405320 | 2491849 | 2529426 | 2691094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total investment securities (net of credit losses) | $3319277 | $5996851 | $6107405 | $6166062 | $6349794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair value - HTM investment securities | $— | $2891974 | $2929625 | $2949951 | $3109610 |

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**Page 4** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated Loans** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **<u>Loan Portfolio - End of Period</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | $173020 | $176166 | $179680 | $181675 | $177696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other consumer | 112335 | 123831 | 97198 | 127319 | 113896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total consumer | 285355 | 299997 | 276878 | 308994 | 291592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction | 2874823 | 2784578 | 2778245 | 2789249 | 2796378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Single-family residential | 2617849 | 2625717 | 2647451 | 2689946 | 2724648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other commercial real estate | 7875649 | 7961412 | 8051304 | 7912336 | 7992437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total real estate | 13368321 | 13371707 | 13477000 | 13391531 | 13513463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 2397388 | 2440507 | 2372681 | 2434175 | 2467384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural | 353181 | 333078 | 264469 | 261154 | 314340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total commercial | 2750569 | 2773585 | 2637150 | 2695329 | 2781724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 784572 | 665807 | 703050 | 610083 | 749261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans | $17188817 | $17111096 | $17094078 | $17005937 | $17336040 |

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**Page 5** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated Allowance and Asset Quality** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **<u>Allowance for Credit Losses on Loans</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beginning balance | $253537 | $252168 | $235019 | $233223 | $230389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans charged off: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 1862 | 1702 | 1460 | 1629 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other consumer | 600 | 351 | 1133 | 505 | 524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real estate | 1350 | 1450 | 4425 | 3810 | 159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 8079 | 8257 | 4243 | 6796 | 8235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans charged off | 11891 | 11760 | 11261 | 12740 | 10662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recoveries of loans previously charged off: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit cards | 257 | 334 | 211 | 391 | 231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other consumer | 303 | 294 | 306 | 279 | 275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real estate | 115 | 87 | 99 | 275 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial | 505 | 469 | 997 | 259 | 439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total recoveries | 1180 | 1184 | 1613 | 1204 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loans charged off | 10711 | 10576 | 9648 | 11536 | 9314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for credit losses on loans | 15180 | 11945 | 26797 | 13332 | 12148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance, end of quarter | $258006 | $253537 | $252168 | $235019 | $233223 |
|  **<u>Nonperforming assets</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nonperforming loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nonaccrual loans | $153516 | $156453 | $151897 | $110154 | $100865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans past due 90 days or more | 423 | 709 | 494 | 603 | 830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total nonperforming loans | 153939 | 157162 | 152391 | 110757 | 101695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other nonperforming assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreclosed assets and other real estate owned | 6386 | 8794 | 8976 | 9270 | 1299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other nonperforming assets | 392 | 759 | 978 | 1202 | 1311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other nonperforming assets | 6778 | 9553 | 9954 | 10472 | 2610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total nonperforming assets | $160717 | $166715 | $162345 | $121229 | $104305 |
|  **<u>Ratios</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans to total loans | 1.50% | 1.48% | 1.48% | 1.38% | 1.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses to nonperforming loans | 168% | 161% | 165% | 212% | 229% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nonperforming loans to total loans | 0.90% | 0.92% | 0.89% | 0.65% | 0.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nonperforming assets to total assets | 0.66% | 0.62% | 0.61% | 0.45% | 0.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annualized net charge offs to average loans (QTD) | 0.25% | 0.25% | 0.23% | 0.27% | 0.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annualized net charge offs to average loans (YTD) | 0.24% | 0.24% | 0.23% | 0.22% | 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annualized net credit card charge offs to average credit card loans (QTD) | 3.64% | 2.99% | 2.72% | 2.63% | 3.23% |

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**Page 6** 

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated - Average Balance Sheet and Net Interest Income Analysis** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended<br>Sep 2025** | **Three Months Ended<br>Sep 2025** | **Three Months Ended<br>Sep 2025** | **Three Months Ended<br>Jun 2025** | **Three Months Ended<br>Jun 2025** | **Three Months Ended<br>Jun 2025** | **Three Months Ended<br>Sep 2024** | **Three Months Ended<br>Sep 2024** | **Three Months Ended<br>Sep 2024** |
| **($ in thousands)** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **ASSETS** |  |  |  |  |  |  |  |  |  |
|  Earning assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest bearing balances due from banks and federal funds sold | $566344 | $6421 | 4.50% | $219928 | $2531 | 4.62% | $204505 | $2921 | 5.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment securities - taxable | 2751493 | 29183 | 4.21% | 3483805 | 31233 | 3.60% | 3826934 | 37473 | 3.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment securities - non-taxable (FTE) | 1242936 | 11210 | 3.58% | 2564037 | 21210 | 3.32% | 2617532 | 21318 | 3.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans held for sale | 13776 | 229 | 6.60% | 13063 | 221 | 6.79% | 12425 | 209 | 6.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets held in trading accounts | 11305 | 99 | 3.47% |  |  | 0.00% |  |  | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other loans held for sale |  |  | 0.00% |  |  | 0.00% |  |  | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans—including fees (FTE) | 16976231 | 270092 | 6.31% | 17046802 | 266250 | 6.26% | 17208162 | 278766 | 6.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest earning assets (FTE) | 21562085 | 317234 | 5.84% | 23327635 | 321445 | 5.53% | 23869558 | 340687 | 5.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-earning assets | 3352837 |  |  | 3317496 |  |  | 3346882 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $24914922 |  |  | $26645131 |  |  | $27216440 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |  |  |  |  |
|  Interest bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest bearing transaction and savings accounts | $11043132 | $67546 | 2.43% | $11220060 | $69108 | 2.47% | $10826514 | $78307 | 2.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 5116070 | 49064 | 3.80% | 5820499 | 57231 | 3.94% | 6355801 | 73937 | 4.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest bearing deposits | 16159202 | 116610 | 2.86% | 17040559 | 126339 | 2.97% | 17182315 | 152244 | 3.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased and securities sold under agreement to repurchase | 23306 | 72 | 1.23% | 32565 | 59 | 0.73% | 51830 | 138 | 1.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other borrowings | 268278 | 2957 | 4.37% | 960817 | 10613 | 4.43% | 1252435 | 17067 | 5.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated notes and debentures | 407922 | 7123 | 6.93% | 366350 | 6188 | 6.77% | 366236 | 7128 | 7.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest bearing liabilities | 16858708 | 126762 | 2.98% | 18400291 | 143199 | 3.12% | 18852816 | 176577 | 3.73% |
|  Noninterest bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest bearing deposits | 4369941 |  |  | 4390454 |  |  | 4535105 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 317965 |  |  | 308223 |  |  | 323378 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 21546614 |  |  | 23098968 |  |  | 23711299 |  |  |
|  Stockholders' equity | 3368308 |  |  | 3546163 |  |  | 3505141 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders' equity | $24914922 |  |  | $26645131 |  |  | $27216440 |  |  |
|  Net interest income (FTE) |  | $190472 |  |  | $178246 |  |  | $164110 |  |
|  Net interest spread (FTE) |  |  | 2.86% |  |  | 2.41% |  |  | 1.95% |
|  Net interest margin (FTE) |  |  | 3.50% |  |  | 3.06% |  |  | 2.74% |

---

**Page 7** 

------

---

| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Consolidated - Selected Financial Data** |  |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands, except share data)** |  |  |  |  |  |
|  **<u>QUARTER-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Highlights - As Reported</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Income (loss) | $(562792) | $54773 | $32388 | $48319 | $24740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | (4.00) | 0.43 | 0.26 | 0.38 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on average assets | -8.96% | 0.82% | 0.49% | 0.71% | 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on average common equity | -66.29% | 6.20% | 3.69% | 5.43% | 2.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on tangible common equity (non-GAAP) <sup>(1)</sup> | -113.56% | 10.73% | 6.61% | 9.59% | 5.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest margin (FTE) | 3.50% | 3.06% | 2.95% | 2.87% | 2.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Efficiency ratio <sup>(2)</sup> | -25.11% | 62.82% | 66.94% | 65.66% | 75.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FTE adjustment | 3811 | 6422 | 6414 | 6424 | 6398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average diluted shares outstanding | 140648704 | 126406453 | 126336557 | 126232084 | 125999269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash dividends declared per common share | 0.213 | 0.213 | 0.213 | 0.210 | 0.210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accretable yield on acquired loans | 725 | 1263 | 1084 | 1863 | 1496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Highlights - Adjusted (non-GAAP) <sup>(1)</sup></u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted earnings | $64930 | $56071 | $33122 | $49634 | $46005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted earnings per share | 0.46 | 0.44 | 0.26 | 0.39 | 0.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on average assets | 1.03% | 0.84% | 0.50% | 0.73% | 0.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on average common equity | 7.65% | 6.34% | 3.77% | 5.57% | 5.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on tangible common equity | 13.62% | 10.97% | 6.75% | 9.83% | 9.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted efficiency ratio <sup>(2)</sup> | 57.72% | 60.52% | 64.75% | 62.89% | 63.38% |
|  **<u>YEAR-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Highlights - GAAP</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Income (loss) | $(475631) | $87161 | $32388 | $152693 | $104374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | (3.63) | 0.69 | 0.26 | 1.21 | 0.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on average assets | -2.44% | 0.66% | 0.49% | 0.56% | 0.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on average common equity | -18.21% | 4.94% | 3.69% | 4.38% | 4.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Return on tangible common equity (non-GAAP) <sup>(1)</sup> | -30.13% | 8.67% | 6.61% | 7.96% | 7.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest margin (FTE) | 3.17% | 3.01% | 2.95% | 2.74% | 2.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Efficiency ratio <sup>(2)</sup> | -329.30% | 64.86% | 66.94% | 69.57% | 71.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FTE adjustment | 16647 | 12836 | 6414 | 25820 | 19396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Average diluted shares outstanding | 131132891 | 126325650 | 126336557 | 126115606 | 125910260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash dividends declared per common share | 0.638 | 0.425 | 0.213 | 0.840 | 0.630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Highlights - Adjusted (non-GAAP) <sup>(1)</sup></u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted earnings | $154123 | $89193 | $33122 | $177887 | $128253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted earnings per share | 1.18 | 0.71 | 0.26 | 1.41 | 1.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on average assets | 0.79% | 0.67% | 0.50% | 0.65% | 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on average common equity | 5.90% | 5.06% | 3.77% | 5.10% | 4.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted return on tangible common equity | 10.37% | 8.86% | 6.75% | 9.18% | 8.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted efficiency ratio <sup>(2)</sup> | 60.90% | 62.62% | 64.75% | 64.56% | 65.14% |
|  **<u>END OF PERIOD</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Book value per share | $23.18 | $28.17 | $28.04 | $28.08 | $28.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tangible book value per share | 13.45 | 16.97 | 16.81 | 16.80 | 16.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding | 144703075 | 125996248 | 125926822 | 125651540 | 125554598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full-time equivalent employees | 2883 | 2947 | 2949 | 2946 | 2972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total number of financial centers | 223 | 223 | 222 | 222 | 234 |

---

*(1)* *Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are included in the schedules accompanying this release.* 

*(2)* *Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.* 

**Page 8** 

------

---

| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date** | **Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **(in thousands, except per share data)** |  |  |  |  |  |
|  **<u>QUARTER-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) | $(562792) | $54773 | $32388 | $48319 | $24740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 305 | 1594 |  | 200 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  |  | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 2004 | 163 | 994 | 1581 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(1)</sup> | (176649) | (459) | (260) | (466) | (7524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items, net of tax | 627722 | 1298 | 734 | 1315 | 21265 |
|  Adjusted earnings (non-GAAP) <sup>(2)</sup> | $64930 | $56071 | $33122 | $49634 | $46005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | $(4.00) | $0.43 | $0.26 | $0.38 | $0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program |  | 0.01 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 5.70 |  |  |  | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 0.01 |  |  | 0.01 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(1)</sup> | (1.25) |  |  |  | (0.06) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items, net of tax | 4.46 | 0.01 |  | 0.01 | 0.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted earnings per share (non-GAAP) | $0.46 | $0.44 | $0.26 | $0.39 | $0.37 |

---

*(1)* *Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.* 

*(2)* *In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."* 

**Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **<u>QUARTER-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest income | $(756187) | $42354 | $46155 | $43558 | $17130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain noninterest income items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  |  | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest income (non-GAAP) | $45875 | $42354 | $46155 | $43558 | $45523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income | $6141 | $4837 | $8007 | $5565 | $8346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain other income items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted other income (non-GAAP) | $6711 | $4837 | $8007 | $5565 | $8346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest expense | $142032 | $138589 | $144580 | $141117 | $137193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain noninterest expense items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (305) | (1594) |  | (200) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (2004) | (163) | (994) | (1581) | (410) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest expense (non-GAAP) | 139723 | 136832 | 143586 | 139336 | 136797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Fraud event |  |  | (4300) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest expense, excluding fraud event (non-GAAP) | $139723 | $136832 | $139286 | $139336 | $136797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries and employee benefits | $76249 | $73862 | $74824 | $71588 | $69167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain salaries and employee benefits items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (305) | (1594) |  | (200) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (1) | 1 |  |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted salaries and employee benefits (non-GAAP) | $75943 | $72269 | $74824 | $71388 | $69167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses | $43027 | $42276 | $46051 | $46115 | $44540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain other operating expenses items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (1556) | 255 | (161) | (1457) | (184) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted other operating expenses (non-GAAP) | $41471 | $42531 | $45890 | $44658 | $44369 |

---

**Page 9** 

------

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Year-to-Date** | **Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Year-to-Date** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **(in thousands, except per share data)** |  |  |  |  |  |
|  **<u>YEAR-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) | $(475631) | $87161 | $32388 | $152693 | $104374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | 1832 | 1832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 1899 | 1594 |  | 536 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | 602 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  | 28393 | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 3161 | 1157 | 994 | 2746 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(1)</sup> | (177368) | (719) | (260) | (8915) | (8449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items, net of tax | 629754 | 2032 | 734 | 25194 | 23879 |
|  Adjusted earnings (non-GAAP) <sup>(2)</sup> | $154123 | $89193 | $33122 | $177887 | $128253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | $(3.63) | $0.69 | $0.26 | $1.21 | $0.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | 0.02 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 0.02 | 0.01 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 6.11 |  |  | 0.23 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 0.02 | 0.01 |  | 0.02 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(1)</sup> | (1.34) |  |  | (0.07) | (0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain items, net of tax | 4.81 | 0.02 |  | 0.20 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted diluted earnings per share (non-GAAP) | $1.18 | $0.71 | $0.26 | $1.41 | $1.02 |

---

*(1)* *Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.* 

*(2)* *In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."* 

**Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **<u>YEAR-TO-DATE</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest income | $(667678) | $88509 | $46155 | $147171 | $103613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain noninterest income items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  | 28393 | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest income (non-GAAP) | $134384 | $88509 | $46155 | $175564 | $132006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income | $18985 | $12844 | $8007 | $27493 | $21928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain other income items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted other income (non-GAAP) | $19555 | $12844 | $8007 | $27493 | $21928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest expense | $425201 | $283169 | $144580 | $557543 | $416426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain noninterest expense items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (1899) | (1594) |  | (536) | (336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | (1832) | (1832) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | (602) | (602) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (3161) | (1157) | (994) | (2746) | (1165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest expense (non-GAAP) | 420141 | 280418 | 143586 | 551827 | 412491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Fraud event | (4300) | (4300) | (4300) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted noninterest expense, excluding fraud event (non-GAAP) | $415841 | $276118 | $139286 | $551827 | $412491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries and employee benefits | $224935 | $148686 | $74824 | $284124 | $212536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain salaries and employee benefits items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (1899) | (1594) |  | (536) | (336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other |  | 1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted salaries and employee benefits (non-GAAP) | $223036 | $147093 | $74824 | $283588 | $212200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses | $131354 | $88327 | $46051 | $178520 | $132405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain other operating expenses items |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | (602) | (602) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (1462) | 94 | (161) | (2116) | (659) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted other operating expenses (non-GAAP) | $129892 | $88421 | $45890 | $175802 | $131144 |

---

**Page 10** 

------

---

| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - End of Period** | **Reconciliation Of Non-GAAP Financial Measures - End of Period** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands, except per share data)** |  |  |  |  |  |
|  **Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets** | **Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets** | **Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets** | **Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets** |  |  |
|  Total common stockholders' equity | $3353963 | $3549210 | $3531485 | $3528872 | $3528833 |
|  Intangible assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | (1320799) | (1320799) | (1320799) | (1320799) | (1320799) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangible assets | (87520) | (90617) | (93714) | (97242) | (101093) |
|  Total intangibles | (1408319) | (1411416) | (1414513) | (1418041) | (1421892) |
|  Tangible common stockholders' equity | $1945644 | $2137794 | $2116972 | $2110831 | $2106941 |
|  Total assets | $24208162 | $26693620 | $26792991 | $26876049 | $27269404 |
|  Intangible assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | (1320799) | (1320799) | (1320799) | (1320799) | (1320799) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangible assets | (87520) | (90617) | (93714) | (97242) | (101093) |
|  Total intangibles | (1408319) | (1411416) | (1414513) | (1418041) | (1421892) |
|  Tangible assets | $22799843 | $25282204 | $25378478 | $25458008 | $25847512 |
|  Ratio of common equity to assets | 13.85% | 13.30% | 13.18% | 13.13% | 12.94 |
|  Ratio of tangible common equity to tangible assets | 8.53% | 8.46% | 8.34% | 8.29% | 8.15 |
|  **Calculation of Tangible Book Value per Share** |  |  |  |  |  |
|  Total common stockholders' equity | $3353963 | $3549210 | $3531485 | $3528872 | $3528833 |
|  Intangible assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | (1320799) | (1320799) | (1320799) | (1320799) | (1320799) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangible assets | (87520) | (90617) | (93714) | (97242) | (101093) |
|  Total intangibles | (1408319) | (1411416) | (1414513) | (1418041) | (1421892) |
|  Tangible common stockholders' equity | $1945644 | $2137794 | $2116972 | $2110831 | $2106941 |
|  Shares of common stock outstanding | 144703075 | 125996248 | 125926822 | 125651540 | 125554598 |
|  Book value per common share | $23.18 | $28.17 | $28.04 | $28.08 | $28.11 |
|  Tangible book value per common share | $13.45 | $16.97 | $16.81 | $16.80 | $16.78 |
|  **Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits** | **Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits** | **Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits** |  |  |  |
|  Uninsured deposits at Simmons Bank | $9565766 | $8407847 | $8614833 | $8467291 | $8355496 |
|  Less: Collateralized deposits (excluding portion that is FDIC insured) | 2169362 | 2691215 | 3005328 | 2790339 | 2710167 |
|  Less: Intercompany eliminations | 2937147 | 1121932 | 1073500 | 1045734 | 986626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total uninsured, non-collateralized deposits | $4459257 | $4594700 | $4536005 | $4631218 | $4658703 |
|  FHLB borrowing availability | $6134000 | $5133000 | $4432000 | $4716000 | $4955000 |
|  Unpledged securities | 1575000 | 3697000 | 4197000 | 4103000 | 4110000 |
|  Fed funds lines, Fed discount window and Bank Term Funding Program <sup>(1)</sup> | 1824000 | 1894000 | 1780000 | 2081000 | 2109000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional liquidity sources | $9533000 | $10724000 | $10409000 | $10900000 | $11174000 |
|  Uninsured, non-collateralized deposit coverage ratio | 2.1 | 2.3 | 2.3 | 2.4 | 2.4 |
| <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* | <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* | <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* | <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* | <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* | <br> *(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.* |
|  **Calculation of Net Charge Off Ratio** |  |  |  |  |  |
|  Net charge offs | $10711 | $10576 | $9648 | $11536 | $9314 |
|  Less: Net charge offs from run-off portfolio <sup>(1)</sup> | 500 | 1100 | 1900 | 2500 | 3500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net charge offs excluding run-off portfolio | $10211 | $9476 | $7748 | $9036 | $5814 |
|  Average total loans | $16976231 | $17046802 | $16920050 | $17212034 | $17208162 |
|  Annualized net charge offs to average loans (NCO ratio) | 0.25% | 0.25% | 0.23% | 0.27% | 0.22 |
|  NCO ratio, excluding net charge offs associated with run-off portfolio (annualized) | 0.24% | 0.22% | 0.19% | 0.21% | 0.13 |

---

*(1)* *Run-off portfolio consists of asset based lending and small equipment finance portfolios obtained in acquisitions.* 

**Page 11** 

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---

| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date** | **Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **Calculation of Adjusted Return on Average Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) | $(562792) | $54773 | $32388 | $48319 | $24740 |
|  Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 305 | 1594 |  | 200 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  |  | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 2004 | 163 | 994 | 1581 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(2)</sup> | (176649) | (459) | (260) | (466) | (7524) |
|  Adjusted earnings (non-GAAP) | $64930 | $56071 | $33122 | $49634 | $46005 |
|  Average total assets | $24914922 | $26645131 | $26678628 | $27078943 | $27216440 |
|  Return on average assets | -8.96% | 0.82% | 0.49% | 0.71% | 0.36% |
|  Adjusted return on average assets (non-GAAP) | 1.03% | 0.84% | 0.50% | 0.73% | 0.67% |
|  **Calculation of Return on Tangible Common Equity** |  |  |  |  |  |
|  Net income (loss) available to common stockholders | $(562792) | $54773 | $32388 | $48319 | $24740 |
|  Amortization of intangibles, net of taxes | 2287 | 2289 | 2605 | 2843 | 2845 |
|  Total income available to common stockholders | $(560505) | $57062 | $34993 | $51162 | $27585 |
|  Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 305 | 1594 |  | 200 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  |  | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 2004 | 163 | 994 | 1581 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(2)</sup> | (176649) | (459) | (260) | (466) | (7524) |
|  Adjusted earnings (non-GAAP) | 64930 | 56071 | 33122 | 49634 | 46005 |
|  Amortization of intangibles, net of taxes | 2287 | 2289 | 2605 | 2843 | 2845 |
|  Total adjusted earnings available to common stockholders (non-GAAP) | $67217 | $58360 | $35727 | $52477 | $48850 |
|  Average common stockholders' equity | $3368308 | $3546163 | $3564469 | $3543146 | $3505141 |
|  Average intangible assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | (1320799) | (1320799) | (1320799) | (1320799) | (1320799) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangibles | (89349) | (92432) | (95787) | (99405) | (103438) |
|  Total average intangibles | (1410148) | (1413231) | (1416586) | (1420204) | (1424237) |
|  Average tangible common stockholders' equity (non-GAAP) | $1958160 | $2132932 | $2147883 | $2122942 | $2080904 |
|  Return on average common equity | -66.29% | 6.20% | 3.69% | 5.43% | 2.81% |
|  Return on tangible common equity | -113.56% | 10.73% | 6.61% | 9.59% | 5.27% |
|  Adjusted return on average common equity (non-GAAP) | 7.65% | 6.34% | 3.77% | 5.57% | 5.22% |
|  Adjusted return on tangible common equity (non-GAAP) | 13.62% | 10.97% | 6.75% | 9.83% | 9.34% |
|  **Calculation of Efficiency Ratio and Adjusted Efficiency Ratio *<sup>(1)</sup>*** |  |  |  |  |  |
|  Noninterest expense (efficiency ratio numerator) | $142032 | $138589 | $144580 | $141117 | $137193 |
|  Certain noninterest expense items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (305) | (1594) |  | (200) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (2004) | (163) | (994) | (1581) | (410) |
|  Other real estate and foreclosure expense adjustment | (200) | (216) | (198) | (317) | (87) |
|  Amortization of intangibles adjustment | (3097) | (3098) | (3527) | (3850) | (3851) |
|  Adjusted efficiency ratio numerator | $136426 | $133518 | $139861 | $135169 | $132859 |
|  Net interest income | $186661 | $171824 | $163422 | $164942 | $157712 |
|  Noninterest income | (756187) | 42354 | 46155 | 43558 | 17130 |
|  Fully tax-equivalent adjustment (effective tax rate of 26.135%) | 3811 | 6422 | 6414 | 6424 | 6398 |
|  Efficiency ratio denominator | (565715) | 220600 | 215991 | 214924 | 181240 |
|  Certain noninterest income items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| (Gain) loss on sale of securities | 801492 |  |  |  | 28393 |
|  Adjusted efficiency ratio denominator | $236347 | $220600 | $215991 | $214924 | $209633 |
|  Efficiency ratio *<sup>(1)</sup>* | -25.11% | 62.82% | 66.94% | 65.66% | 75.70% |
|  Adjusted efficiency ratio (non-GAAP) *<sup>(1)</sup>* | 57.72% | 60.52% | 64.75% | 62.89% | 63.38% |

---

*(1)* *Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.* 

*(2)* *Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.* 

**Page 12**

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)** | **Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **Calculation of Total Revenue and Adjusted Total Revenue** |  |  |  |  |  |
|  Net interest income | $186661 | $171824 | $163422 | $164942 | $157712 |
|  Noninterest income | (756187) | 42354 | 46155 | 43558 | 17130 |
|  Total revenue | (569526) | 214178 | 209577 | 208500 | 174842 |
|  Certain items, pre-tax (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Gain (loss) on sale of securities | (801492) |  |  |  | (28393) |
|  Adjusted total revenue | $232536 | $214178 | $209577 | $208500 | $203235 |
|  **Calculation of Pre-Provision Net Revenue (PPNR)** |  |  |  |  |  |
|  Net interest income | $186661 | $171824 | $163422 | $164942 | $157712 |
|  Noninterest income | (756187) | 42354 | 46155 | 43558 | 17130 |
|  Total revenue | (569526) | 214178 | 209577 | 208500 | 174842 |
|  Less: Noninterest expense | 142032 | 138589 | 144580 | 141117 | 137193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Provision Net Revenue (PPNR) | $(711558) | $75589 | $64997 | $67383 | $37649 |
|  **Calculation of Adjusted Pre-Provision Net Revenue** |  |  |  |  |  |
|  Pre-Provision Net Revenue (PPNR) | $(711558) | $75589 | $64997 | $67383 | $37649 |
|  Certain items, pre-tax (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Loss (gain) on sale of securities | 801492 |  |  |  | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Early retirement program costs | 305 | 1594 |  | 200 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Termination of vendor and software services |  |  |  |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plus: Branch right sizing costs (net) | 2004 | 163 | 994 | 1581 | 410 |
|  Adjusted Pre-Provision Net Revenue | $92813 | $77346 | $65991 | $69164 | $66438 |

---

**Page 13**

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| | |
|:---|:---|
| **Simmons First National Corporation** | **SFNC** |
| **Reconciliation Of Non-GAAP Financial Measures - Year-to-Date** | **Reconciliation Of Non-GAAP Financial Measures - Year-to-Date** |
| **For the Quarters Ended** |  |
| **(Unaudited)** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Sep 30**<br>**2025** | **Jun 30**<br>**2025** | **Mar 31**<br>**2025** | **Dec 31**<br>**2024** | **Sep 30**<br>**2024** |
| **($ in thousands)** |  |  |  |  |  |
|  **Calculation of Adjusted Return on Average Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) | $(475631) | $87161 | $32388 | $152693 | $104374 |
|  Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | 1832 | 1832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 1899 | 1594 |  | 536 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | 602 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  | 28393 | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 3161 | 1157 | 994 | 2746 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(2)</sup> | (177368) | (719) | (260) | (8915) | (8449) |
|  Adjusted earnings (non-GAAP) | $154123 | $89193 | $33122 | $177887 | $128253 |
|  Average total assets | $26073100 | $26661787 | $26678628 | $27214647 | $27260212 |
|  Return on average assets | -2.44% | 0.66% | 0.49% | 0.56% | 0.51% |
|  Adjusted return on average assets (non-GAAP) | 0.79% | 0.67% | 0.50% | 0.65% | 0.63% |
|  **Calculation of Return on Tangible Common Equity** |  |  |  |  |  |
|  Net income (loss) available to common stockholders | $(475631) | $87161 | $32388 | $152693 | $104374 |
|  Amortization of intangibles, net of taxes | 7181 | 4894 | 2605 | 11377 | 8534 |
|  Total income available to common stockholders | $(468450) | $92055 | $34993 | $164070 | $112908 |
|  Certain items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | 1832 | 1832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | 1899 | 1594 |  | 536 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | 602 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on sale of securities | 801492 |  |  | 28393 | 28393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing (net) | 3161 | 1157 | 994 | 2746 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax effect of certain items <sup>(2)</sup> | (177368) | (719) | (260) | (8915) | (8449) |
|  Adjusted earnings (non-GAAP) | 154123 | 89193 | 33122 | 177887 | 128253 |
|  Amortization of intangibles, net of taxes | 7181 | 4894 | 2605 | 11377 | 8534 |
|  Total adjusted earnings available to common stockholders (non-GAAP) | $161304 | $94087 | $35727 | $189264 | $136787 |
|  Average common stockholders' equity | $3492261 | $3555265 | $3564469 | $3486822 | $3467908 |
|  Average intangible assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | (1320799) | (1320799) | (1320799) | (1320799) | (1320799) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangibles | (92499) | (94100) | (95787) | (105239) | (107197) |
|  Total average intangibles | (1413298) | (1414899) | (1416586) | (1426038) | (1427996) |
|  Average tangible common stockholders' equity (non-GAAP) | $2078963 | $2140366 | $2147883 | $2060784 | $2039912 |
|  Return on average common equity | -18.21% | 4.94% | 3.69% | 4.38% | 4.02% |
|  Return on tangible common equity | -30.13% | 8.67% | 6.61% | 7.96% | 7.39% |
|  Adjusted return on average common equity (non-GAAP) | 5.90% | 5.06% | 3.77% | 5.10% | 4.94% |
|  Adjusted return on tangible common equity (non-GAAP) | 10.37% | 8.86% | 6.75% | 9.18% | 8.96% |
|  **Calculation of Efficiency Ratio and Adjusted Efficiency Ratio *<sup>(1)</sup>*** |  |  |  |  |  |
|  Noninterest expense (efficiency ratio numerator) | $425201 | $283169 | $144580 | $557543 | $416426 |
|  Certain noninterest expense items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Early retirement program | (1899) | (1594) |  | (536) | (336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Deposit Insurance special assessment |  |  |  | (1832) | (1832) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination of vendor and software services |  |  |  | (602) | (602) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Branch right sizing expense | (3161) | (1157) | (994) | (2746) | (1165) |
|  Other real estate and foreclosure expense adjustment | (614) | (414) | (198) | (700) | (383) |
|  Amortization of intangibles adjustment | (9722) | (6625) | (3527) | (15403) | (11553) |
|  Adjusted efficiency ratio numerator | $409805 | $273379 | $139861 | $535724 | $400555 |
|  Net interest income | $521907 | $335246 | $163422 | $628465 | $463523 |
|  Noninterest income | (667678) | 88509 | 46155 | 147171 | 103613 |
|  Fully tax-equivalent adjustment (effective tax rate of 26.135%) | 16647 | 12836 | 6414 | 25820 | 19396 |
|  Efficiency ratio denominator | (129124) | 436591 | 215991 | 801456 | 586532 |
|  Certain noninterest income items (non-GAAP) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on early extinguishment of debt | 570 |  |  |  |  |
| (Gain) loss on sale of securities | 801492 |  |  | 28393 | 28393 |
|  Adjusted efficiency ratio denominator | $672938 | $436591 | $215991 | $829849 | $614925 |
|  Efficiency ratio *<sup>(1)</sup>* | -329.30% | 64.86% | 66.94% | 69.57% | 71.00% |
|  Adjusted efficiency ratio (non-GAAP) *<sup>(1)</sup>* | 60.90% | 62.62% | 64.75% | 64.56% | 65.14% |

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*(1)* *Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.* 

*(2)* *Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.* 

**Page 14**

## Exhibit 99.2

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Nasdaq SFNC Exhibit 99.2 rd 3 Quarter 2025 Earnings Presentation October 16, 2025

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Company Overview Simmons First National Corporation A Mid-South based financial holding company serving our $24.2 $19.8 customers and the communities where we work and live since 1903 BILLION BILLION TOTAL ASSETS TOTAL DEPOSITS $9.3 $17.2 CONSECUTIVE YEARS 3 116 PAYING DIVIDENDS BILLION BILLION ASSETS UNDER TOTAL LOANS MANAGEMENT/ ADMINISTRATION YEARS OF SERVICE 122 15.07% 8.53% 1 TOTAL RBC RATIO TCE RATIO FINANCIAL CENTERS 223 ACROSS SIX STATES 4.6% 87% 2 DIVIDEND YIELD LOAN TO DEPOSIT RATIO 1.50% 168% ACL TO TOTAL NPL COVERAGE LOANS RATIO Figures presented on this slide are as of September 30, 2025, unless otherwise noted 2 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations 2 Based on October 9, 2025, closing stock price of $19.06 and annualized dividend rate of $0.85 per share 3 The future payment of dividends is not guaranteed and is subject to various factors, including approval by the Company's board of directors

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3Q25 Financial Highlights 3

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3Q25 Highlights 1 Reported Adjusted LQ Change 1 Net income $(562.8)M $64.9M 16% ❑ Completed Balance Sheet Repositioning ─ Net proceeds from common equity offering of ~$327M 1 EPS (diluted) $(4.00) $0.46 5% ─ Sold securities with a fair market value of ~$2.4B; after-tax loss of ~$626M ─ Proceeds from securities sale primarily used to deleverage the balance sheet by paying down higher cost deposits and wholesale borrowings 1 ROAA (8.96)% 1.03% 19 bps ❑ Strong-top-line growth 1 1 1 ─ Adjusted total revenue up 9% and adjusted PPNR up 20% Revenue $(569.5)M $232.5M 9% ─ Net interest margin at 3.50%, up 44 bps 1 1 1 ─ Adjusted efficiency ratio improves 280 bps PPNR $(711.6)M $92.8M 20% ─ Total loans at $17.2B, up 2% on a linked quarter annualized basis ─ Deleveraging drives decline in total deposits while improving deposit mix and NIM 3.50% 44 bps costs ❑ Credit quality metrics remain sound NCO ratio 25 bps - ─ Net charge-offs at 25 bps; provision expense exceeded net charge-offs by $4.5M ─ ACL ratio ends 3Q25 at 1.50%, up 2 bps ACL ratio 1.50% 2 bps ❑ Strong capital position 1 ─ TCE ratio at 8.5%, up 7 bps linked quarter NPL/Loans 90 bps (2) bps ─ Total risk-based capital ratio at 15.1%, up 65 bps 1 TCE ratio 8.5% 7 bps Comparisons on this page are 3Q25 vs 2Q25, unless otherwise noted Bps = basis points LQ = linked quarter (3Q25 vs 2Q25) 4 LQ Change – represents 3Q25 results vs 2Q25 results (provided that for the Net Income, EPS, ROAA, Revenue, and PPNR lines, represents 3Q25 adjusted results vs 2Q25 adjusted results) 1 Non-GAAP measures that management believes aid in the discussion of results. See Appendix for Non-GAAP reconciliations

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Run-rate performance exceeds balance sheet repositioning guidance across the board Repositioning Reported Sept-25 Commentary 4 3 Guidance 3Q25 Run-Rate ❑ 3Q results reflect a partial impact from balance sheet repositioning 1 ❑ Sept-25 run-rate outperforms initial guidance Net Interest Margin (FTE) 3.50% 3.50% 3.76% from balance sheet repositioning ❑ Expect 4Q25 NIM to be 3.65%+ Net Interest Income (% growth) 10% 9% 13% ▪ Assumes full impact of September rate cut and an additional 25 bps cut in October ▪ Continued positive fixed rate loan repricing ▪ Full quarter impact of hedging program 2 Pre-Provision Net Revenue (% growth) 21% 20% 25% 2 Adjusted ROAA 1.10% 1.03% 1.15% 2 Adjusted ROTCE 14.0% 13.6% 14.9% CET1 Ratio 11.5% 11.5% Total Risk-Based Capital Ratio 13.5% 15.1% Sustainable performance in all key financial metrics with upside potential from strategic initiatives 1 Net interest margin (NIM) is presented on a fully taxable equivalent (FTE) basis using an effective tax rate of 26.135% 2 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations 5 3 Sept-25 run rate reflects month of September results and is presented for informational purposes only. Percentage growth rates have been quarterized, are not guarantees of future performance, and may not reflect actual results for any full quarterly or annual period 4 Issued by the Company as of September 9, 2025, and not subsequently updated. Presented here for historical informational purposes only

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Income Statement Highlights 2 2 Net Interest Income Adjusted Total Revenue Adjusted PPNR $ in millions $ in millions $ in millions $232.5 +9% $92.8 $186.7 +20% +9% $214.2 $77.3 $209.6 $208.5 $203.2 $171.8 $69.2 $66.4 $66.0 $164.9 $163.4 $157.7 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 1 NIM 2.74% 3.06% 3.50% 2.87% 2.95% 2 2 2 Adjusted NIE Adjusted Net Income Adjusted Diluted EPS $ in millions $ in millions +5% +16% $64.9 $143.6 $0.46 $0.44 $56.1 $0.39 $139.7 $49.6 $0.37 $139.3 $46.0 $136.8 $136.8 $33.1 $0.26 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 PPNR – Pre-provision net revenue NIE – Noninterest Expense 6 EPS – Earnings per Share 1 Net interest margin (NIM) is presented on a fully taxable equivalent (FTE) basis using an effective tax rate of 26.135% 2 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations

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Net Interest Margin (FTE) 1 2 1 Net Interest Margin Deleveraging Evolution Net Interest Margin Evolution FTE (%) $ in billions; Average Balances FTE 2Q25 July-25 Aug-25 Sept-25 3 bps +76 bps 3.50% 4 bps 1 38 bps 3.06% 3.18% 3.62% 3.76% NIM (1) bps 3.50% $24.0 3.06% $20.0 26% 24% 3.06% 2.95% +44 bps 16% 16% 2.87% 2.74% $16.0 $12.0 Loan Funding 2Q25 BS Other 3Q25 Yield Rate 73% 74% 81% 82% Repositioning $8.0 3Q24 4Q24 1Q25 2Q25 3Q25 Balance … Funding Rate NIM - 4Q24 NIM - 4Q24 Loan Yield Other $4.0 $- Commentary (3Q25 vs 2Q25) $(4.0) Select Yields/Rates th ❑ 6 consecutive quarter of NIM expansion; 3Q25 NIM FTE (%) expansion primarily due to balance sheet repositioning $(8.0) 6.44 6.32 6.26 6.31 86% 87% 82% 6.20 81% 1 ❑ Expect 4Q25 NIM to be 3.65%+ $(12.0) ❑ Focused on maintaining loan pricing discipline and $(16.0) continued proactive deposit pricing management 4.01 3.63 3.54 3.48 3.48 ▪ 5 bps increase in loan yields 10% 12% $(20.0) 17%▪ 11 bps decrease in deposit costs 17% 3% ▪ Fixed-rate asset repricing remains a tailwind 2% 2.79 2.60 1% 2.44 $(24.0) 2.36 2% 2.25 ❑ Swap income of $7.5 million in 3Q25 compared to $8.1 3Q24 4Q24 1Q25 2Q25 3Q25 Customer deposits Wholesale funding Subordinated debt million in 2Q25 Loan Yield (FTE) Securities (FTE) Cost of Deposits Loans Securities Other earning assets 1 Net interest margin (NIM) is presented on a fully taxable equivalent (FTE) basis using an effective tax rate of 26.135% 2 Percentages in the NIM and Deleveraging Evolution graph represent average loans, securities and other earning assets as a percentage of total average earnings assets, and average customer deposits, and wholesale funding (brokered deposits and FHLB/other borrowings) as a 7 percentage of average interest bearing liabilities FTE – Fully taxable equivalent using an effective tax rate of 26.135% BS – Balance Sheet

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Noninterest Income 3Q25 Adjusted 3Q25 vs Adjusted 1 $ in millions 2Q25 3Q24 Reported Adjusted Commentary Service charges on deposit accounts $13.0 $13.0 $0.5 4 % $0.3 3 % ❑ Continued focus on driving growth along major fee-based businesses results in 3Q25 fee Wealth management fees 10.0 10.0 0. 5 5 0.9 10 income at top end of management expectations Debit and credit card fees 8.5 8.5 (0.1) (1) 0.3 4 ❑ Increase in service charges on deposit accounts Mortgage lending income 2.3 2.3 0. 6 34 0.3 15 reflects growth in consumer accounts and performance in commercial treasury Bank owned life insurance 3. 9 3.9 0. 1 1 0.2 5 management Swap fee income 0.9 0.9 0. 1 9 0.2 24 ❑ Linked quarter increase in "Other" noninterest income primarily driven by negative SBIC Other service charges and fees 1. 5 1.5 0. 2 12 - (2) valuation adjustments in 2Q25 Other 5.2 5.8 1.8 45 (1.8) (24) ❑ Sold ~$2.4 billion of securities (fair value) for a pre-tax loss of ~$801.5 million or ~$626 million 45.3 45.9 3.5 8 0.4 1 after-tax loss Gain (loss) on sale of securities (pre-tax) (801.5) - - - - - Total noninterest income $(756.2) $45.9 $3.5 8 % $0.4 1 % 1 Adjusted Total Revenue Per Employee Adjusted Noninterest Income Adjusted PPNR per Avg. Diluted Share 1 1 (FTE) to Adjusted Total Revenue ($ in thousands) +8% $0.66 22.4% $80.7 22.0% $0.61 20.9% $72.7 $71.1 19.7% $70.8 19.8% $68.4 $0.55 $0.53 $0.52 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Totals may not foot due to rounding FTE – Full-time equivalent 8 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations

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Noninterest Expense 3Q25 Adjusted 3Q25 vs Adjusted Commentary 1 $ in millions Reported 2Q25 3Q24 Adjusted ❑ 3Q25 noninterest expense at top end of management expectations Salaries and employee benefits $76.2 $75.9 $3.7 5 % $6.8 10 % ▪ Full-year expenses projected to beat previously issued Occupancy expense, net 12.1 1 1.7 0.2 2 (0.3) (3) 2% growth guidance while absorbing 1Q25 fraud event Furniture and equipment 5.3 5.3 (0.2) (4) (0.4) (6) ❑ Linked quarter increase in salaries and employee benefits primarily reflects YTD accrual true-ups Deposit insurance 5.2 5.2 0.3 5 (0.4) (7) ❑ "Other" noninterest expense improved linked OREO and foreclosure expense 0.2 0.2 - (7) 0.1 130 quarter due to $1.6 million fraud recovery in 3Q25 Other 43.0 41.5 (1.1) (2) (2.9) (7) ❑ Adjusted efficiency ratio improves 280 bps on a linked quarter basis Total noninterest expense $142.0 $139.7 $2.9 2 % $2.9 2 % 1 Adjusted Efficiency Ratio Employees (FTE) # of Financial Centers 280 bps 234 2,972 64.75% 2,949 2,947 improvement 2,946 63.38% 62.89% 2,883 223 223 222 222 60.52% 57.72% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Note: Numbers may not add due to rounding FTE – full-time equivalent 9 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations

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Deposits, Securities, Liquidity, Interest Rate Sensitivity and Capital 10

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Deposits Decline in total deposits reflects reduction of higher Deposit Mix As a Percentage of Total Deposits rate, non-relationship wholesale and public fund $ in billions; Period End Balances Period End Balances 2Q25 3Q25 deposits as part of balance sheet repositioning $21.9 $21.9 $21.7 $21.8 Noninterest bearing 20.5% 22.1% $19.8 $3.4 $3.3 $2.9 $3.2 $1.8 $2.7 $2.8 $3.0 $2.7 $2.2 Interest bearing transaction accounts 39.0% 42.8% $2.9 $2.9 $3.3 $3.1 $3.0 Time deposits 13.4% 14.7% $8.5 $8.0 $8.2 $8.3 $8.5 $4.5 $4.5 $4.5 $4.5 $4.4 Public funds (interest bearing) 12.3% 11.1% 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Bearing Interest Bearing Transaction Accounts Time Deposits Public Funds (interest bearing) Brokered Deposits Customer deposits 85.2% 90.7% 65% interest bearing Evolution of Funding Rates 1 deposit beta since 2Q24 Brokered deposits 14.8% 9.3% Interest Bearing Deposits Cost of Deposits 5.33% 5.33% 5.33% 5.26% 5.27% Avg Fed Funds Rate 4.99% 4.66% 4.52% 4.33% 4.33% 4.30% Commentary 3.65% 3.53% 3.52% 3.48% 3.31% 3.28% 3.06% 3.05%❑ Balance sheet repositioning results in improved mix of deposits 2.97% 2.86% 2.57% 2.10%▪ Noninterest bearing deposits represent 22.1% of total deposits 2.79% 2.79% 2.75% ▪ Lower cost interest bearing transaction accounts represent 42.8% of total deposits 2.58% 2.60% 1.41% 2.44% 2.37% 2.36% 2.25% 1.96% ❑ 11 basis point decrease in cost of deposits on a linked quarter basis 1.58% 1.02% ❑ Focus remains on optimizing deposit balances and proactively managing costs 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 ❑ ~77% of deposits are FDIC insured or are collateralized deposits Source: Average Fed Funds rate based on data from www.macrotrends.net 1 Deposit beta calculated as change in cost of deposits from 2Q24 to 3Q25 divided by the change in quarterly average Federal Funds Effective rate for 2Q24 vs 3Q25 11

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Securities and Liquidity 2 Securities Portfolio Summary Securities Portfolio Bond Ratings Securities Portfolio by Type $ in millions 5% 2% 1 Yield (FTE) Effective Duration At September 30, 2025 At September 30, 2025 AFS 25% AFS AFS Fixed Rate U.S. Guaranteed/GSE $2,508 Municipal 3.34% 13.02 Aaa/AAA 406 MBS/CMO 2.61 5.33 Aa/AA 656 Treasury/Agency 3.71 0.64 A 88 Corporate 5.97 0.97 Baa/BBB 133 Other 2.46 8.29 68% Not Rated 10 Variable Rate 4.68 - Treasury/Agency States and Political Subdivisions Total $3,801 MBS/CMO Corporate & Other Total 3.23% 6.31 Additional Liquidity Sources Wholesale Funding $ in millions $ in millions September 30, Change vs FHLB borrowing availability $6,134 2025 2Q25 Unpledged securities 1,575 Brokered deposits $1,841 $(1,396) Fed Funds lines and Fed Discount Window 1,824 FF purchased/securities sold 22 (9) FHLB advances 3 (615) Other 16 - Total at 9.30.25 $9,533 Total $1,882 $(2,020) 3 Uninsured, non-collateralized deposits $4,459 Wholesale Funding / Total Funding = 9.5% Coverage ratio 2.1x FTE – fully taxable equivalent using an effective tax rate of 26.135% Data presented on this slide is as of September 30, 2025, unless otherwise noted 12 1 Effective yield of securities portfolio at 9/30/25 2 Bond ratings reflect highest rating by Moody's Investors Service, Inc., Standard & Poor's or Fitch Ratings 3 Uninsured, non-collateralized deposits represent uninsured deposits of Simmons Bank, less the uninsured portion of collateralized deposits, and deposit balances of SFNC subsidiaries. See appendix for Non-GAAP reconciliations

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Interest Rate Sensitivity Loan Portfolio – Repricing and Maturity (contractual) CD Maturities (over the next 12 months) At September 30, 2025 $ in millions In millions Repricing Term Rate Structure Weighted Average Rates 3 mo 3-12 1-3 3-5 Over 5 Total Variable Fixed 3.72% 4.36% 3.58% 4.12% 3.30% 4.24% 3.04% or less mo years years years RE - Construction $2,412.5 $143.7 $235.8 $73.8 $9.0 $2,874.8 $2,316.4 $558.4 RE - Commercial 3,158.3 912.7 2,477.6 707.2 619.9 7,875.7 3,349.9 4,525.8 $1,455.3 RE - Single-Family 634.2 287.4 597.1 394.3 704.8 2,617.8 1,429.5 1,188.3 $1,001.9 $830.9 Commercial 1,535.8 96.1 399.8 260.2 105.4 2,397.4 1,573.2 824.2 $337.4 Consumer 215.0 11.9 40.3 10.1 8.0 285.4 207.4 78.0 $264.6 $214.6 $101.3 1 Other 733.7 32.3 48.0 41.1 282.8 1,137.8 723.3 414.5 4Q25 1Q26 2Q26 3Q26 Total $8,689.5 $1,484.1 $3,798.6 $1,486.7 $1,729.9 $17,188.8 $9,599.7 $7,589.1 Customer CDs Brokered CDs 2 7.16% 5.34% 5.46% 6.16% 4.69% 6.26% 6.95% 5.44% Weighted average rate Note: Weighted average rates in the table above are based on contractual repricing and maturity. Does not include the impact of Hedging Program summarized on Slide 14 Balance Sheet Interest Rate Sensitivity Over the next 12 months (estimated) Additional Interest Rate Sensitivity Factors Change in Interest Rates % Impact on Net Interest Income 3 ❑ ~$100 million of projected securities principal maturities per quarter 4 ❑ ~$2.3 billion of projected cash flows from fixed rate loans at a weighted average rate of 5.75% Down 25 bps (0.5)% 5 ❑ ~29% of customer interest bearing deposits are tied to index rates, principally Fed Funds target rate Down 50 bps (0.9)% ❑ $1.625 billion Hedging Program summarized on slide 14 Down 75 bps (1.2)% Assumes a gradual change in interest rates and static balance sheet as of September 30, 2025. Interest rate cuts are assumed in October 2025, December 2025 and April 2026 Totals may not add due to rounding 1 Other includes agriculture, mortgage warehouse and other loans 13 2 Weighted average rates do not include mortgage warehouse and credit card portfolios 3 Projections over the next 12 months assuming a static balance sheet as of September 30, 2025 4 Cash flows from fixed rate loans over the next 12 months includes prepayment assumptions and are based on the forward rate curve 5 Customer interest bearing deposits includes savings, money market, checking and customer CDs. Does not include brokered deposits

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Hedging Program 1 Estimated Future Swap Income Hedging Program Strategy $ in millions; Based on forward rates ❑ Net interest income (NII) sensitivity moved from liability sensitive to asset sensitive post balance sheet $6.2 restructure $5.7 $5.3 $5.1 $5.0 ❑ Evolved 3Q25 hedging strategy to protect NII from falling rates ❑ Executed $1.625 billion of interest rate swaps in 3Q25 to reduce negative impact of falling rates by ~50% resulting in near neutral IRR position ▪ Added $1.0 billion combination spot and forward starting receive fixed swaps to hedge variable rate loans ▪ Added $300 million combination spot and forward starting receive fixed swaps to hedge variable rate CMBS ▪ Added $325 million combination spot and forward starting receive fixed swaps to hedge recently issued fixed rate subordinated debt 4Q25 1Q26 2Q26 3Q26 4Q26 Quarterly Average (Notional) Annual Average (Notional) Hedged Item Quarter Initiated Rate Protection 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 2027 2028 2029 2030 Variable rate loans 3Q25 Down rate $573.4 $1,000.0 $1,000.0 $1,000.0 $1,000.0 $1,000.0 $1,000.0 $899.6 $209.6 $- Varibale rate CMBS 3Q25 Down rate 117.4 300.0 300.0 300.0 260.9 200.0 130.4 - - - Subordinated debt 3Q25 Down rate 67.1 325.0 325.0 325.0 325.0 325.0 325.0 325.0 325.0 244.0 Fixed rate munis 3Q21 Up rate 1,001.7 1,001.7 1,001.7 1,001.7 1,001.7 1,001.7 1,001.7 937.2 54.2 - Net Asset Swap Position (up rate - down rate) $(243.8) $623.3 $623.3 $623.3 $584.2 $523.3 $453.7 $287.4 $480.4 $244.0 Quarterly Fixed Rate Annual Fixed Rate Hedged Item Receive Pay 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 2027 2028 2029 2030 Variable rate loans Fixed 1M SOFR 4.03% 4.03% 3.59% 3.24% 3.24% 3.24% 3.24% 3.26% 3.22% - Varibale rate CMBS Fixed 1M SOFR 3.82% 3.82% 3.82% 3.82% 3.53% 3.07% 3.07% - - - Subordinated debt Fixed SOFR 30D average 3.56% 3.56% 3.56% 3.56% 3.56% 3.07% 3.07% 3.07% 3.07% 3.07% Fixed rate munis Fed effective Fixed 1.21% 1.21% 1.21% 1.21% 1.21% 1.21% 1.21% 1.22% 1.22% - Totals may not add due to rounding 1 Estimated swap income based on projected forward effective fed funds rates as of September 30, 2025. Does not include potential impact of hedge ineffectiveness that is recorded in interest income. 14

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3 Capital: Economic Capital improves across the board following balance sheet repositioning 1 1 CET 1 Capital Ratio Tier 1 Leverage Ratio 12.4% 10.0% 11.5% 9.6% Capital Ratios (at 9/30/25) 9.9% 8.2% CET 1 Capital Ratio Total Risk-Based Capital Ratio Adj. HTM Reported 15.1% 2,3 11.5% Loss 2 Equity to Assets Tangible Common Equity Ratio 2Q25 3Q25 13.9% 8.5% 2Q25 3Q25 WELL CAPITALIZED WELL CAPITALIZED 5.0% 6.5% 1 1 Total Risk-Based Capital Ratio Tier 1 Risk-Based Capital Ratio Subordinated Debt 15.1% $37M of subordinated debt due 2030 redeemed and paid in full on July 31, 2025 14.4% 12.4% 11.5% $330M of subordinated debt due 2028 redeemed and paid in full on October 1, 2025 12.0% 9.9% $325M of subordinated debt due 2035 issued during 3Q25. See slide 14 for more information on the hedging instrument that converts the debt from fixed rate to floating rate Current Term/Structure Maturity Date Call Date Amount Coupon 10 yr NC 5 10/1/2035 10/1/2030 $325M 6.25% 2Q25 3Q25 2Q25 3Q25 WELL CAPITALIZED WELL CAPITALIZED 8.0% 10.0% 1 3Q25 data as of September 30, 2025, 2Q25 data as of June 30, 2025, and 3Q24 data as of September 30, 2024 2 Non-GAAP measures that management believes aid in the discussion of results. See Appendix for Non-GAAP reconciliations 15 3 Economic Capital Inclusive of after-tax loss from transfer of HTM portfolio to AFS of ~$501 million

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Loan Portfolio 16

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Loans: Well-diversified, granular portfolio and conservative credit culture Loan Portfolio Waterfall Linked Quarter Change by Loan Type $ in millions $ in millions Total Loans $78 $2,113 RE – Commercial $(85) $136 $17,189 $17,111 RE – Construction $(2,171) $90 1 Funded loans Paydowns/ Other 2 Commercial $(39) /advances payoffs RE – Single Family $(8) Consumer & Other $(16) Agricultural $20 Mortgage Warehouse $120 Total loans Total loans 3 Run-Off Portfolio $(4) at 6/30/25 at 9/30/25 Unfunded Commitments $ in millions Commentary RE - Construction Commercial RE - Single Family RE - Commercial Agriculture Consumer/Other ❑ Well-diversified, granular portfolio with no significant industry or geographic concentrations $3,947 $3,888 $3,955 $3,739 $3,681 ❑ Total loans at $17.2 billion, up 2% on a linked quarter annualized basis 94% variable rate❑ Unfunded commitments increased for 4th consecutive quarter • 62% tied to Prime ❑ Minimal exposure to Shared National Credits (SNC) • 38% tied to SOFR ▪ SNC totaled ~1% of total loans ▪ Additional banking relationships with all borrowers 3Q24 4Q24 1Q25 2Q25 3Q25 1 "Other" includes linked quarter change associated with loan portfolios impacted by seasonality (agricultural, mortgage warehouse and credit cards) and change in run-off portfolio 2 Commercial loan change excludes the impact of loans included in the run-off portfolio 17 3 "Run-off portfolio" consists of small ticket equipment finance and acquired asset based lending portfolios

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Pipelines: Represent opportunities that meet disciplined appetite for credit and pricing Commercial Loan Pipeline by Category $ in millions Opportunity Proposal Ready to Close $1,815 $1,631 $1,611 Commentary $757 $1,265 $490 ❑ Continued focus on maintaining prudent underwriting $1,244 $564 standards and pricing discipline $1,013 $1,002 $552 $549 ❑ $490 million of ready to close loans in the commercial $249 $292 $436 1 $330 $381 pipeline as of September 30, 2025, with a rate of 7.19% $121 $168 $199 $147 ❑ Mortgage loan originations in 3Q25 ❑ 80% purchase ❑ 20% refinance $485 $551 $527 $514 $809 $775 $685 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Rate Ready to 8.38% 8.68% 8.31% 7.93% 7.39% 7.35% 7.19% 1 Close Mortgage Loan Volume $ in millions Mortgage Closed Loan Volume Mortgage Pipeline Volume $31 $25 $27 $27 $29 $32 $16 $111 $110 $96 $89 $78 $75 $69 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 1 Rate ready to close represents the weighted average rate on commercial loans that are ready to close and does not include fees, including FAS 91 fees, associated with those commercial loans 18

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Loans: Conservative LTVs underpin prudent underwriting standards in key sectors Office (non-owner occupied permanent) Key Statistics At 9/30/25 Loan Portfolio – Geographic diversification By State By State NPL Ratio 0.00% 16% Past Due 30+ Days 0.00% 2% 2% 20% Average Loan Size $2.2M 46% 33% 8% Median Loan Size $0.5M $0.7B 2% Number of Loans <$1M 63% 13% 4% 1 Average LTV 46.7% $16.6B 13% Weighted Average LTV 54.4% 9% Texas Arkansas Tennessee Missouri Oklahoma Kansas Other Multifamily (permanent) Key Statistics At 9/30/25 19% 13% By State 11% NPL Ratio 0.87% Texas Arkansas Tennessee Missouri 10% 38% Past Due 30+ Days 0.00% Oklahoma Kansas Other 5% Average Loan Size $3.0M $0.9B 5% Median Loan Size $0.6M % of Total % of Total Top 10 MSAs Number of Loans <$1M 65% 1 1 Loans Commitments 14% 17% Average LTV 51.3% Dallas-Plano-Irving 9.3% 9.1% Texas Arkansas Tennessee Missouri Oklahoma Kansas Other Weighted Average LTV 61.0% Houston-Sugarland-Baytown 9.2% 8.7% Little Rock-North Little Rock-Conway 6.0% 6.7% Retail (non-owner occupied permanent) Key Statistics At 9/30/25 Nashville-Davidson-Murfreesboro 4.9% 5.6% By State NPL Ratio 0.20% 15% Memphis 4.8% 4.7% 1% Past Due 30+ Days 0.02% Fort Worth-Arlington 4.0% 4.0% 5% 47% Average Loan Size $1.8M Fayetteville-Springdale-Rogers 3.3% 3.1% 7% $0.9B Median Loan Size $1.0M St. Louis 2.6% 2.4% Number of Loans <$1M 51% 10% Kansas City 2.2% 2.5% Average LTV 47.8% Jonesboro 2.2% 2.0% 15% Weighted Average LTV 55.5% Texas Arkansas Tennessee Missouri Oklahoma Kansas Other Data shown above as of September 30, 2025 1 Total loans or commitments excluding credit card portfolio and mortgage warehouse 19

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CLD: Quick recycling of capital given short duration of portfolio Construction and Land Development (CLD) By State % of Total % of Total Key Statistics At 9/30/25 Top 10 MSAs Loans Commitments NPL Ratio 0.32% Dallas-Plano-Irving 10.6% 10.7% Past Due 30+ Days 0.01% 27% Nashville-Davidson-Murfreesboro 9.0% 10.1% 43% Average Loan Size $1.4M Houston-Sugarland-Baytown 8.7% 8.3% Median Loan Size $0.3M Memphis 6.1% 5.3% $2.9B Number of Loans <$1M 83% 2% Little Rock-North Little Rock-Conway 5.6% 4.9% 2% Average LTV 56.0% Fort Worth-Arlington 4.1% 4.4% 4% Weighted Average LTV 52.7% Corpus Christi 3.0% 2.5% Weighted Average Maturity ~20 months 13% 9% Fayetteville-Springdale-Rogers 2.7% 2.6% Texas Arkansas Tennessee Missouri Orlando-Kissimmee-Sanford 2.5% 2.6% Oklahoma Kansas Other Phoenix-Mesa-Glendale 1.7% 3.8% CLD - Industrial Warehouse (non-owner occupied) CLD - Multifamily By State By State Key Statistics At 9/30/25 Key Statistics At 9/30/25 NPL Ratio 0.00% 14% NPL Ratio 0.00% Texas 24% Texas Past Due 30+ Days 0.00% Past Due 30+ Days 0.00% 44% Arkansas Tennessee 17% 45% Average Loan Size $19.1M Average Loan Size $11.9M Tennessee Missouri $0.8B $0.6B Median Loan Size $19.1M 5% Median Loan Size $7.6M Kansas Florida 5% Number of Loans <$1M 26% Number of Loans <$1M 35% Florida Other 6% Average LTV 48.1% 17% Average LTV 37.5% Other 7% 16% Weighted Average LTV 49.1% Weighted Average LTV 43.9% Weighted Average Maturity ~14 months Weighted Average Maturity ~12 months Data shown above as of September 30, 2025 20

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Loans: Loan portfolio by type and key credit metrics as of June 30, 2025 as of September 30, 2025 % of % of Past Due 30+ Unfunded Unfunded Balance Total Balance Total Days Classified Nonperforming Commitment ACL Commitment $ in millions $ Loans $ Loans $$$$% Reserve Total Loan Portfolio Credit Card 176 1% 173 1% 2 1 1 - 3.46% - Consumer – Other 124 1% 112 1% 1 - - 32 3.11% 0.76% Real Estate – Construction 2,785 16% 2,875 17% - 12 9 1,826 1.45% 1.05% Real Estate – Commercial 7,961 47% 7,876 46% 2 336 81 302 1.58% 0.37% Real Estate - Single-family 2,626 15% 2,618 15% 12 37 31 308 1.61% 0.88% Commercial 2,440 14% 2,397 14% 3 52 30 1,373 1.45% 0.16% Mortgage Warehouse 324 2% 444 2% - - - - 0.20% - Agriculture 333 2% 353 2% - 2 1 114 0.61% 0.13% Other 342 2% 341 2% - 1 1 - 0.75% 5.74% Total Loan Portfolio 17,111 100% 17,189 100% 20 441 154 3,955 1.50% 0.65% Loan Concentration (Holding Company Level) C&D 94% 96% CRE 268% 268% Select Loan Categories Retail 1,164 7% 1,158 7% - 4 2 110 0.99% 0.76% Nursing / Extended Care 231 1% 229 1% 1 108 - 1 7.48% 0.03% Healthcare 586 3% 554 3% - 21 3 98 1.21% 0.14% Multifamily 1,852 11% 1,734 10% - 33 8 490 1.33% 0.25% Hotel 698 4% 697 4% - 60 27 158 3.79% 1.58% Restaurant 603 4% 611 4% - 36 28 26 3.60% 0.46% NOO Office 782 5% 808 5% - 20 8 106 2.43% 0.82% NOO Industrial Warehouse 1,371 8% 1,444 8% - 19 - 400 0.34% 0.14% 1 Run-Off Portfolio 47 <1% 43 <1% 1 4 3 1 6.50% - 1 "Run-off portfolio" consists of small ticket equipment finance and acquired asset based lending portfolios 21

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Credit Quality 22

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Credit Quality: Nonperforming and past due loans Nonperforming Loans Nonperforming Loans Evolution $ in millions $ in millions $157.2 $153.9 $152.4 $3.9 $49.6 $49.3 $49.8 $157.2 $110.8 $101.7 $(3.5) $5.5 $(0.7) $0.6 $3.5 $153.9 $3.3 $3.8 $7.4 $(0.2) $(3.1) $(0.3) $105.3 $104.1 $101.3 $98.8 $94.3 RE – Run-Off Two Specific 2Q25 RE - RE - Commercial Consumer & 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3 1 Construction Commercial Single Family Other Portfolio Credit 2 Core Portfolio Run-Off Portfolio1 Two Specific Credit Relationships2 Relationships 4 4 4 Past Due 30-89 days / Total Loans Nonperforming Loans / Total Loans Nonperforming Assets / Total Assets Strategic decision to de-risk certain elements of the loan portfolio through the planned exit of particular acquired non- relationship credits Annual Annual Quarterly Annual Quarterly Quarterly 0.96% 0.66% 0.92% 0.64% 0.90% 0.89% 0.62% 0.61% 0.55% 0.65% 0.65% 0.45% 0.45% 0.59% 0.57% 0.38% 0.50% 0.33% 0.65% 0.31% 0.44% 0.63% 0.46% 0.42% 0.60% 0.61% 0.24% 0.22% 0.21% 0.24% 0.22% 0.21% 0.20% 0.17% 0.37% 0.11% 0.11% 0.23% 0.18% NPL Ratio NPL Ratio, excluding Two Specific Credit Relationships5 NPA to Assets NPA to Assets, excluding Two Specific Credit Relationships5 2019 2020 2021 2022 2023 2024 3Q24 4Q24 1Q25 2Q25 3Q25 2019 2020 2021 2022 2023 2024 3Q24 4Q24 1Q25 2Q25 3Q25 2019 2020 2021 2022 2023 2024 3Q24 4Q24 1Q25 2Q25 3Q25 Source: S&P Global Market Intelligence 2019 – 2024; Company Reports 1 "Run-off portfolio" consists of small ticket equipment finance and acquired asset based lending portfolios 2 For purposes of the slides in this presentation, "Two Specific Credit Relationships" refers to the two largest nonperforming loans as of September 30, 2025 3 Consumer & Other includes credit card, consumer-other, mortgage warehouse, agriculture and other loan portfolios 23 4 As of December 31, for each respective year shown above; quarterly data as of the end of the quarter for each respective period 5 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations

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ACL: Loan loss provision and net charge-offs Loan Loss Provision and Net Charge-Off Ratio Credit Quality Commentary $ in millions $40.0 0.40% ❑ Underlying credit metrics remain healthy 0.27% 0.25% ▪ 11 bps of loans past due 30-89 days, down 6 bps from 2Q25 levels 0.30% 0.25% $35.0 0.23% 0.22% 1 ▪ 61 bps NPL ratio excluding Two Specific Credit Relationships 0.20% $30.0 $26.8 ▪ Two Specific Credit Relationships represent 54% of our Top 10 NPLs 0.10% $25.0 0.00% ❑ NCO ratio of 25 bps in 3Q25; provision expense exceeded net charge-offs $20.0 $15.0 ❑ ACL to total loans ended 3Q25 at 1.50%, up from 1.48% at 2Q25 -0.10% $15.2 $15.0 $13.3 $12.1 $11.9 -0.20% $4.5 $1.8 $1.4 $2.8 $2.2 $10.0 ACL METHODOLOGY AS OF 9/30/25 -0.30% ▪ Moody's Sept 2025 scenarios with management's weighting: $11.5 $5.0 $10.6 $10.7 $9.3 $9.6 -0.40% Baseline (75%) / S1 (15%) / S3 (10%) ▪ Total credit coverage / total commitments: 1.34% $0.0 -0.50% 3Q24 4Q24 1Q25 2Q25 3Q25 ACL and ACL to Total Loans NCO Provision Incremental Provision Provision attributable to Two Specific Credit Relationships NCO Ratio $ in millions 1.75% $275.0 1.50% 1.48% 1.48% 1.55% 1.38% 1.35% 1.35% $250.0 $258.0 $253.5 $252.2 1.15% Reserve for Unfunded Commitments $235.0 $225.0 $233.2 0.95% As of As of As of As of As of $ in millions 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 0.75% $200.0 Unfunded Commitments $3,681 $3,739 $3,888 $3,947 $3,955 0.55% Reserve for Unfunded Commitments $25.6 $25.6 $25.6 $25.6 $25.6 0.35% $175.0 0.15% Provision for Unfunded Commitments - - - - - $150.0 -0.05% Reserve / Unfunded Balance 0.70% 0.69% 0.66% 0.65% 0.65% 3Q24 4Q24 1Q25 2Q25 3Q25 ACL ACL to Total Loans 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations 24

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Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements. Certain statements by Simmons First National Corporation (the "Company", which where appropriate includes the Company's wholly-owned banking subsidiary, Simmons Bank) contained in this presentation may not be based on historical facts and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as anticipate, "believe," "continue," estimate, expect, foresee," "indicate," "plan," "potential," "project," "target," may, might, will, would, could," "should," "likely" or intend, future or conditional verb tenses, and variations or negatives of such terms or by similar expressions. These forward-looking statements include, without limitation, statements relating to the Company's future growth; business strategies; product development; revenue; expenses (including interest expense and non-interest expenses); assets; loan demand (including loan growth, loan capacity, and other lending activity); deposit levels; dividends; asset quality; profitability; earnings; critical accounting policies; net interest margin; noninterest income; the Company's common stock repurchase program; adequacy of the allowance for credit losses; income tax deductions; credit quality; level of credit losses from lending commitments; interest rate sensitivity (including, among other things, the potential impact of rising rates); loan loss experience; liquidity; capital resources; future economic conditions and market risk; interest rates; the Company's securities portfolio; legal and regulatory limitations and compliance and competition; anticipated loan principal reductions; projections regarding loan repricing; the quarterized results for September 2025 set forth on slide 5; the net interest margin projection set forth on slides 5 and 7; the full-year expense commentary set forth on slide 9; the interest rate sensitivity estimates and projections set forth on slide 13; and the estimates related to the hedging program (including estimated future swap income) set forth on slide 14. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this presentation in that actual results could differ materially from those indicated in or implied by such forward-looking statements due to a variety of factors. These factors include, but are not limited to, changes in the Company's operating or expansion strategy; the availability of and costs associated with obtaining adequate and timely sources of liquidity; changes in credit quality; changes in general market and economic conditions; increased unemployment; labor shortages; possible adverse rulings, judgments, fines, settlements and other outcomes of pending or future litigation; the ability of the Company to collect amounts due under loan agreements; significant increases in nonaccrual loan balances; changes in consumer preferences and loan demand; the effectiveness of the Company's interest rate risk management strategies; laws and regulations affecting financial institutions in general or relating to taxes; the effect of pending or future legislation; changes in governmental administrations; the ability of the Company to repurchase its common stock on favorable terms; the ability of the Company to successfully manage and implement its acquisition strategy and integrate acquired institutions; changes in tariff policies; difficulties and delays in integrating an acquired business or fully realizing cost savings and other benefits of mergers and acquisitions; changes in interest rates, deposit flows, real estate values, and capital markets; increased inflation; customer acceptance of the Company's products and services and changes in customer behaviors; changes or disruptions in technology and IT systems (including cyber or other information technology threats, attacks and events); changes in accounting principles relating to loan loss recognition (current expected credit losses, or CECL); fraud that results in material losses or that we have not discovered yet that may result in material losses; the benefits associated with the Company's early retirement program; pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, political crises, war, and other military conflicts (including the ongoing military conflicts between Russia and Ukraine) or other major events, or the prospect of these events; increased competition in the markets in which the Company operates and from non-bank financial institutions; changes in governmental policies; the effects of a government shutdown; loss of key employees; reliance on third parties for key services; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased delinquency and foreclosure rates on commercial real estate and other loans; and other risk factors. Other relevant risk factors are detailed in the Company's Form 10-K for the year ended December 31, 2024, the Company's Form 10-Q for the quarter ended June 30, 2025, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov. In addition, there can be no guarantee that the board of directors ("Board") of the Company will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Any forward-looking statement speaks only as of the date of this presentation, and the Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this presentation. Annualized, quarterized, pro forma, projected and estimated numbers are used for illustrative purpose only, are based on hypothetical assumptions that may not accurately reflect future incomes, are not forecasts and are not guaranteed and may differ significantly from actual results. Non-GAAP Financial Measures. This presentation contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ("GAAP"). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance and capital adequacy. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, non-interest income, and non-interest expense certain income and expense items attributable to, for example, loss on sale of securities, net branch right-sizing initiatives, early retirement program, termination of vendor and software services, and losses on early extinguishment of debt. In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets, and presents certain other figures to include the effect that accumulated other comprehensive income could have on the Company's capital levels. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, gains and/or losses on the sale of securities, or the Two Specific Credit Relationships. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, present the Company's capital inclusive of the potential impact of AOCI (primarily comprised of unrealized losses on securities), as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the appendix to this presentation. 25

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Appendix 26

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Select Balance Sheet and Other Data 3Q25 vs 2Q25 3Q25 vs 3Q24 $ in millions, except per share data 3Q25 2Q25 3Q24 $ Change % Change $ Change % Change Period End Balances Total loans $17,188.8 $17,111.1 $17,336.0 $77.7 - % $(147.2) (1) % Investment securities 3,319.3 5,996.9 6,349.8 (2,677.6) (45) (3,030.5) (48) Total assets 24,208.2 26,693.6 27,269.4 (2,485.5) (9) (3,061.2) (11) Total deposits 1 9,837.7 21,825.0 2 1,935.4 (1,987.3) (9) (2,097.7) (10) Borrowed funds 692.4 1,032.0 1,463.2 (339.6) (33) (770.8) (53) Total stockholders' equity 3,354.0 3,549.2 3,528.8 (195.2) (6) (174.9) (5) Average Balances Total loans $16,976.2 $17,046.8 $17,208.2 $(70.6) - % $(231.9) (1) % Investment securities 3,994.4 6,047.8 6,444.5 (2,053.4) (34) (2,450.0) (38) Total assets 24,914.9 26,645.1 27,216.4 (1,730.2) (6) (2,301.5) (8) Total deposits 20,529.1 21,431.0 2 1,717.4 (901.9) (4) (1,188.3) (5) Borrowed funds 699.5 1,359.7 1,670.5 (660.2) (49) (971.0) (58) Total stockholders' equity 3,368.3 3,546.2 3,505.1 (177.9) (5) (136.8) (4) Select Other Data Equity to assets 13.85 % 13.30 % 12.94 % 1 8.53 8.46 8.15 Tangible common equity to tangible assets Book value per share $23.18 $28.17 $28.11 1 13.45 16.97 16.78 Tangible book value per share Allowance for credit losses to total loans 1.50 % 1.48 % 1.35 % Nonperforming loan coverage ratio 168 161 229 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations 27

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Income Summary 3Q25 Adjusted 3Q25 vs Adjusted 1 $ in millions, except per share data 2Q25 3Q24 Reported Adjusted Net interest income $186.7 $186.7 $14.8 9 % $28.9 18 % Noninterest income (756.2) 45.9 3.5 8 0.4 1 Total revenue (569.5) 232.5 18.4 9 29.3 14 Noninterest expense 142.0 139.7 2.9 2 2.9 2 2 (711.6) 9 2.8 15.5 20 26.4 40 Pre-provision net revenue Provision for credit losses 1 2.0 12.0 - - (0.2) (1) Provision for income taxes (160.7) 1 5.9 6.6 71 7.6 92 Earnings ($562.8) $64.9 $8.9 16 % $18.9 41 % Diluted EPS $(4.00) $0.46 $0.02 5 % $0.09 24 % Totals may not foot due to rounding 1 Non-GAAP measures that management believes aid in the discussion of results. See appendix for Non-GAAP reconciliations 28 2 All pre-provision net revenue (PPNR) figures set forth in this row are Non-GAAP measures. See footnote 1 for more information

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Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q $ in thousands, except per share data 2024 2024 2025 2025 2025 1 Calculation of Adjusted Earnings Net Income (Loss) $24,740 $48,319 $32,388 $54,773 $(562,792) Certain items Branch right sizing, net 410 1,581 994 163 2,004 Loss (gain) on sale of securities 28,393 - - - 801,492 Early retirement program (1) 200 - 1,594 305 Loss on early extinguishment of debt - - - - 570 Termination of vendor and software services (13) - - - - Tax effect (7,524) (466) (260) (459) (176,649) Certain items, net of tax 21,265 1,315 734 1,298 627,722 Adjusted earnings (non-GAAP) $46,005 $49,634 $33,122 $56,071 $64,930 1 Calculation of Earnings and Adjusted Earnings per Diluted Share Earnings available to common shareholders $24,740 $48,319 $32,388 $54,773 $(562,792) Diluted earnings per share $0.20 $0.38 $0.26 $0.43 $(4.00) Adjusted earnings available to common shareholders (non-GAAP) $46,005 $49,634 $33,122 $56,071 $64,930 Adjusted diluted earnings per share (non-GAAP) $0.37 $0.39 $0.26 $0.44 $0.46 Average Diluted Shares Outstanding 125,999,269 126,232,084 126,336,557 126,406,453 140,648,704 1 In this presentation, "Adjusted Earnings" may also be referred to as "Adjusted Net Income" 29

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Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q 2024 2024 2025 2025 2025 $ in thousands Calculation of Pre-Provision Net Revenue (PPNR) Net interest income $157,712 $164,942 $163,422 $171,824 $186,661 Noninterest income 17,130 43,558 46,155 42,354 (756,187) Less: Noninterest expense 137,193 141,117 144,580 138,589 142,032 Pre-Provision Net Revenue (PPNR) (non-GAAP) $37,649 $67,383 $64,997 $75,589 $(711,558) Calculation of Adjusted Pre-Provision Net Revenue Pre-Provision Net Revenue (PPNR) (non-GAAP) $37,649 $67,383 $64,997 $75,589 $(711,558) Plus: (Gain) loss on sale of securities 28,393 - - - 801,492 Plus: Branch right sizing costs, net 410 1,581 994 163 2,004 Plus: Early retirement program (1) 200 - 1,594 305 Plus: Loss on early extinguishment of debt - - - - 570 Plus: Termination of vendor and software services (13) - - - - Adjusted Pre-Provision Net Revenue (non-GAAP) $66,438 $69,164 $65,991 $77,346 $92,813 Calculation of PPNR and Adjusted PPNR Per Share Average Diluted Shares Outstanding 125,999,269 126,232,084 126,336,557 126,406,453 140,648,704 PPNR per Average Diluted Shares Outstanding $0.30 $0.53 $0.51 $0.60 $(5.06) Adjusted PPNR per Average Diluted Shares Outstanding (non-GAAP) $0.53 $0.55 $0.52 $0.61 $0.66 Calculation of Book Value and Tangible Book Value per Share Total common stockholders' equity $3,528,833 $3,528,872 $3,531,485 $3,549,210 $3,353,963 Intangible assets: Goodwill (1,320,799) (1,320,799) (1,320,799) (1,320,799) (1,320,799) Other intangible assets (101,093) (97,242) (93,714) (90,617) (87,520) Total intangible assets (1,421,892) (1,418,041) (1,414,513) (1,411,416) (1,408,319) Tangible common stockholders' equity (non-GAAP) $2,106,941 $2,110,831 $2,116,972 $2,137,794 $1,945,644 Shares of common stock outstanding 125,554,598 125,651,540 125,926,822 125,996,248 144,703,075 Book value per common share $28.11 $28.08 $28.04 $28.17 $23.18 Tangible book value per common share (non-GAAP) $16.78 $16.80 $16.81 $16.97 $13.45 30

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Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q 2024 2024 2025 2025 2025 $ in thousands, except number of employees (FTE) Calculation of Total Revenue and Adjusted Total Revenue Net Interest Income (GAAP) $157,712 $164,942 $163,422 $171,824 $186,661 Noninterest Income (GAAP) 17,130 43,558 46,155 42,354 (756,187) Total Revenue (non-GAAP) $174,842 $208,500 $209,577 $214,178 $(569,526) Total Revenue (non-GAAP) $174,842 $208,500 $209,577 $214,178 $(569,526) Less: Gain (loss) on sales of securities (28,393) - - - (801,492) Less: Loss on early extinguishment of debt - - - - (570) Adjusted Total Revenue (non-GAAP) $203,235 $208,500 $209,577 $214,178 $232,536 Employees (FTE) 2,972 2,946 2,949 2,947 2,883 Total Revenue per Employee (FTE) $58.83 $70.77 $71.07 $72.68 $(197.55) Adjusted Total Revenue per Employee (FTE) $68.38 $70.77 $71.07 $72.68 $80.66 Calculation of Adjusted Noninterest Income Noninterest Income (GAAP) $17,130 $43,558 $46,155 $42,354 $(756,187) Less: Gain (loss) on sale of securities (28,393) - - - (801,492) Less: Loss on early extinguishment of debt - - - - (570) Adjusted Noninterest Income (non-GAAP) $45,523 $43,558 $46,155 $42,354 $45,875 Calculation of Noninterest Income to Total Revenue Noninterest Income to Total Revenue 9.80% 20.89% 22.02% 19.78% NM Adjusted Noninterest Income to Adjusted Total Revenue (non-GAAP) 22.40% 20.89% 22.02% 19.78% 19.73% FTE – Full time equivalent NM – Not meaningful 31

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Non-GAAP Reconciliations 3Q 4Q 1Q 2Q 3Q 2024 2024 2025 2025 2025 $ in thousands Calculation of Adjusted Noninterest Expense Noninterest Expense (GAAP) $137,193 $141,117 $144,580 $138,589 $142,032 Less: Branch right sizing expense 410 1,581 994 163 2,004 Less: Early retirement program (1) 200 - 1,594 305 Less: Termination of vendor and software services (13) - - - - Adjusted Noninterest Expense (non-GAAP) $136,797 $139,336 $143,586 $136,832 $139,723 Calculation of Efficiency Ratio and Adjusted Efficiency Ratio Noninterest Expense (efficiency ratio numerator) $137,193 $141,117 $144,580 $138,589 $142,032 Total Revenue $174,842 $208,500 $209,577 $214,178 $(569,526) Fully taxable equivalent adjustment ___ _ _6,398 ___ _ _6,424 ___ _ _6,414 ___ _ _6,422 ___ _ _3,811 Efficiency ratio denominator $181,240 $214,924 $215,991 $220,600 $(565,715) Efficiency ratio (based on GAAP figures) 75.70% 65.66% 66.94% 62.82% (25.11)% Adjusted Noninterest Expense (non-GAAP) $136,797 $139,336 $143,586 $136,832 $139,723 Less: Other real estate and foreclosure expense 87 317 198 216 200 Less: Amortization of intangible assets ___ __ 3,851 ___ __ 3,850 ___ __ 3,527 ___ __ 3,098 ___ __ 3,097 Adjusted efficiency ratio numerator (non-GAAP) $132,859 $135,169 $139,861 $133,518 $136,426 Adjusted Total Revenue (non-GAAP) (reconciliation shown on page 31) $203,235 $208,500 $209,577 $214,178 $232,536 Fully taxable equivalent adjustment ___ _ _6,398 ___ _ _6,424 ___ _ _6,414 ___ _ _6,422 ___ _ _3,811 Adjusted efficiency ratio denominator (non-GAAP) $209,633 $214,924 $215,991 $220,600 $236,347 Adjusted Efficiency Ratio (non-GAAP) 63.38% 62.89% 64.75% 60.52% 57.72% Fully taxable equivalent adjustment using an effective tax rate of 26.135% 32

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Non-GAAP Reconciliations 3Q 2Q 3Q 2024 2025 2025 $ in thousands Calculation of Adjusted Salaries and Employee Benefits Salaries and employee benefits (GAAP) $69,167 $73,862 $76,249 Less: Early retirement program (1) 1,594 305 Less: Other 1 (1) 1 Total Adjusted Salaries and Employee Benefits (non-GAAP) $69,167 $72,269 $75,943 Calculation of Adjusted Occupancy Expense, Net Occupancy expense, net (GAAP) $12,216 $11,844 $12,106 Less: Branch right sizing expense 224 396 432 Total Adjusted Occupancy Expense (non-GAAP) $11,992 $11,448 $11,674 Calculation of Adjusted Furniture and Equipment Expense Furniture and Equipment Expense (GAAP) $5,612 $5,474 $5,275 Less: Branch right sizing expense 1 23 15 Total Adjusted Furniture and Equipment Expense (non-GAAP) $5,611 $5,451 $5,260 Calculation of Adjusted Other Noninterest Expense Other noninterest expense (GAAP) $44,540 $42,276 $43,027 Less: Branch right sizing expense (13) (255) 1,556 Less: Termination of vendor and software services 184 - - Total Adjusted Other Noninterest Expense (non-GAAP) $44,369 $42,531 $41,471 Calculation of Adjusted Provision for Income Taxes Provision for income taxes (GAAP) $761 $8,871 $(160,732) Less: Tax effect of certain items (non-GAAP) (reconciliation shown on page 29) (7,524) (459) (176,649) Adjusted provision for income taxes (non-GAAP) $8,285 $9,330 $15,917 33

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Non-GAAP Reconciliations 3Q 2Q 3Q 2024 2025 2025 $ in thousands Calculation of Uninsured, Non-Collateralized Deposit Coverage Ratio Uninsured deposits at Simmons Bank $8,355,496 $8,407,847 $9,565,766 Less: Collateralized deposits (excluding portion that is FDIC insured) 2,710,167 2,691,215 2,169,362 Less: Intercompany eliminations ______ 986,626 _____1,121,932 _____2,937,147 Total uninsured, non-collateralized deposits (non-GAAP) $4,658,703 $4,594,700 $4,459,257 FHLB borrowing availability $4,955,000 $5,133,000 $6,134,000 Unpledged securities 4,110,000 3,697,000 1,575,000 Fed funds lines and Fed discount window 2,109,000 1,894,000 1,824,000 Additional liquidity sources $11,174,000 $10,724,000 $9,533,000 Uninsured, non-collateralized deposit coverage ratio (non-GAAP) 2.4x 2.3x 2.1x Calculation of Net Charge-Off Ratio, Excluding Run-Off Portfolio Net charge-offs $9,314 $10,576 $10,711 Less: Net charge-offs from run-off portfolio ______ 3,500 ______ 1,100 ______ 500 Net charge-offs excluding run-off portfolio (non-GAAP) $5,814 $9,476 $10,211 Average total loans $17,208,162 $17,046,802 $16,976,231 Net charge-offs as a percentage of average total loans (annualized) (NCO ratio) 0.22% 0.25% 0.25% NCO ratio excluding NCOs associated with run-off portfolios (annualized) (non- GAAP) 0.13% 0.22% 0.24% 34

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Non-GAAP Reconciliations 1Q 2Q 3Q 2025 2025 2025 $ in thousands Calculation of NPL ratio, excluding Two Specific Credit Relationships Nonperforming loans $152,391 $157,162 $153,939 Less: Two Specific Credit Relationships 49,761 49,572 49,267 Nonperforming Loans, excluding Two Specific Credit Relationships (non-GAAP) $102,630 $107,590 $104,672 Total loans $17,094,078 $17,111,096 $17,188,817 Less: Two Specific Credit Relationships 49,761 49,572 49,267 Total Loans, excluding Two Specific Credit Relationships (non-GAAP) $17,044,317 $17,061,524 $17,139,550 Nonperforming loans ratio (NPL Ratio) 0.89% 0.92% 0.90% NPL ratio, excluding Two Specific Credit Relationships (non-GAAP) 0.60% 0.63% 0.61% Calculation of NPA to Total Assets, excluding Two Specific Credit Relationships Nonperforming assets $162,345 $166,715 $160,717 Less: Two Specific Credit Relationships 49,761 49,572 49,267 Nonperforming Assets, excluding Two Specific Credit Relationships (non-GAAP) $112,584 $117,143 $111,450 Total assets $26,792,991 $26,693,620 $24,208,162 Less: Two Specific Credit Relationships 49,761 49,572 49,267 Total Assets, excluding Two Specific Credit Relationships (non-GAAP) $26,743,230 $26,644,048 $24,158,895 Nonperforming assets to total assets 0.61% 0.62% 0.66% Nonperforming assets to total assets, excluding Two Specific Credit Relationships (non-GAAP) 0.42% 0.44% 0.46% 35

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Non-GAAP Reconciliations 2Q 3Q 2Q 3Q 2025 2025 2025 2025 $ in thousands $ in thousands Calculation of Tangible Common Equity (TCE) Calculation of Adjusted ROAA Total common stockholders' equity $3,549,210 $3,353,963 Net income $54,773 $(562,792) Less: Intangible assets 1,411,416 1,408,319 Adjusted earnings (non-GAAP) (reconciliation shown on page 29) $56,071 $64,930 Total tangible common stockholders' equity (non-GAAP) $2,137,794 $1,945,644 Average assets $26,645,131 $24,914,922 Total assets $26,693,620 $24,208,162 Return on average assets (ROAA) 0.82% (8.96)% Less: Intangible assets 1,411,416 1,408,319 Adjusted ROAA (non-GAAP) 0.84% 1.03% Total tangible assets $25,282,204 $22,799,843 Calculation of Adjusted ROTCE Common equity to total assets 13.30% 13.85% Net income $54,773 $(562,792) Tangible common equity to tangible common assets (non-GAAP) 8.46% 8.53% Plus: Amortization of intangible assets, net of taxes 2,289 2,287 Total tangible net income (non-GAAP) $57,062 $(560,505) Adjusted earnings (non-GAAP) (reconciliation shown on page 29) $56,071 $64,930 Plus: Amortization of intangible assets, net of taxes 2,289 2,287 Total adjusted tangible net income (non-GAAP) $58,360 $67,217 Average common stockholders' equity $3,546,163 $3,368,308 Less: Average intangible assets 1,413,231 1,410,148 Average tangible common stockholders' equity (non-GAAP) $2,132,932 $1,958,160 Return on average common equity (ROCE) 6.20% (66.29)% Return on average tangible common equity (ROTCE) (non-GAAP) 10.73% (113.56)% Adjusted return on average common equity (non-GAAP) 6.34% 7.65% Adjusted return on tangible common equity (non-GAAP) 10.97% 13.62% 36

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Non-GAAP Reconciliations 2Q 2Q 2025 2025 $ in thousands $ in thousands Calculation of Tier 1 Leverage Ratio Calculation of Total Risk-Based Capital Ratio Stockholders' equity $3,549,210 Tier 1 capital $2,551,006 Less: Disallowed intangible assets, net of deferred tax 1,379,104 Plus: Subordinated notes and debentures 366,369 Less: Unrealized loss (gain) on AFS securities 380,900 Less: Subordinated debt phase out (198,000) Tier 1 capital $2,551,006 Plus: Qualifying allowance for credit losses and reserve for unfunded commitments 258,079 Total risk-based capital $2,977,454 Tier 1 capital $2,551,006 Less: Market value adjustment on HTM securities transferred to AFS, net of tax 501,063 Total risk-based capital $2,977,454 Adjusted Tier 1 capital $2,049,943 Less: Loss on securities sale and repositioning 606,729 Adjusted total risk-based capital $2,370,725 Average assets for leverage ratio $25,606,135 Less: Market value adjustment on HTM securities transferred to AFS, net of tax 501,063 Risk weighted assets $20,646,324 Adjusted average assets for leverage ratio $25,105,072 Less: Securities sale and repositioning (assuming 32.9% risk weighting) 943,205 Adjusted risk weighted assets $19,703,119 Tier 1 Leverage Ratio 9.96% Adjusted Tier 1 Leverage Ratio (Economic Capital) (non-GAAP) 8.17% Total Risk-Based Capital Ratio 14.42% Adjusted Total Risk-Based Capital Ratio (Economic Capital) (non-GAAP) 12.03% 1 Calculation of CET 1 Capital Ratio Tier 1 capital $2,551,006 Less: Loss on securities sale and repositioning 606,729 Adjusted Tier 1 capital $1,944,277 Risk weighted assets $20,646,324 Less: Securities sale and repositioning (assuming 32.9% risk weighting) 943,205 Adjusted risk weighted assets $19,703,119 CET 1 Capital Ratio 12.36% Adjusted CET 1 Capital Ratio Ratio (Economic Capital) (non-GAAP) 9.87% 1 At June 30, 2025, the CET 1 Capital Ratio and the Tier 1 Risk-Based Capital Ratio were the same for the Company 37

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Non-GAAP Reconciliations September September 2025 2025 $ in thousands $ in thousands Calculation of Adjusted ROAA Calculation of Pre-Provision Net Revenue (PPNR) Net income $21,147 Net interest income $63,171 Plus: Branch right sizing costs 1,788 Plus: Noninterest income 15,734 Plus : Loss on early extinguishment of debt 570 Less: Noninterest expense 49,802 Less: Tax effect (616) Pre-Provision Net Revenue (PPNR) (non-GAAP) $29,103 Adjusted earnings (non-GAAP) $22,889 Calculation of Adjusted Pre-Provision Net Revenue Pre-Provision Net Revenue (PPNR) (non-GAAP) $29,103 Average assets $24,162,450 Plus: Branch right sizing costs, net 1,788 Return on average assets (ROAA) 1.06% Plus: Loss on early extinguishment of debt 570 Adjusted ROAA (non-GAAP) 1.15% Adjusted Pre-Provision Net Revenue (non-GAAP) $31,461 Calculation of Adjusted ROTCE Adjusted Pre-Provision Net Revenue (Non-GAAP) quarterized $96,480 Net income $21,147 Plus: Amortization of intangible assets, net of taxes 762 Total tangible net income (non-GAAP) $21,909 Adjusted earnings (non-GAAP) (reconciliation shown above) $22,889 Plus: Amortization of intangible assets, net of taxes 762 Total adjusted tangible net income (non-GAAP) $23,651 Average common stockholders' equity $3,343,526 Less: Average intangible assets 1,409,145 Average tangible common stockholders' equity (non-GAAP) $1,934,381 Return on average common equity (ROCE) 7.70% Return on average tangible common equity (ROTCE) (non-GAAP) 13.78% Adjusted return on average common equity (non-GAAP) 8.33% Adjusted return on tangible common equity (non-GAAP) 14.88% 38

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Nasdaq SFNC rd 3 Quarter 2025 Earnings Presentation October 16, 2025