SIMMONS FIRST NATIONAL CORP
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
SFNC$23.68-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
Six Months Ended June 30, 2025 and 2024
| (In thousands) | June 30, 2025 | June 30, 2024 |
|---|---|---|
| (Unaudited) | (Unaudited) | |
| OPERATING ACTIVITIES | ||
| Net income | $87,161 | $79,634 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 20,967 | 23,211 |
| Provision for credit losses | 38,742 | 21,305 |
| Net amortization of investment securities and assets | 8,207 | 8,907 |
| Net amortization on borrowings | 76 | 76 |
| Stock-based compensation expense | 8,612 | 7,537 |
| Gain on sale of closed branches | (245) | — |
| (Gain) loss on sale of foreclosed assets and other real estate owned | (214) | 186 |
| Gain on sale of mortgage loans held for sale | (3,856) | (4,191) |
| Loss on sale of loans | 22 | 234 |
| Deferred income taxes | (2,745) | (1,238) |
| Income from bank owned life insurance | (7,989) | (8,041) |
| Originations of mortgage loans held for sale | (133,193) | (137,839) |
| Proceeds from sale of mortgage loans held for sale | 131,494 | 138,350 |
| Changes in assets and liabilities: | ||
| Interest receivable | 2,800 | (4,195) |
| Other assets | (18,601) | (13,082) |
| Accrued interest and other liabilities | (10,072) | 41,335 |
| Income taxes payable | (10,727) | (8,535) |
| Net cash provided by operating activities | 110,439 | 143,654 |
| INVESTING ACTIVITIES | ||
| Net change in loans | (146,363) | (361,615) |
| Proceeds from sale of loans | 18,814 | 389 |
| Proceeds from sale of closed branches | 15,202 | — |
| Purchases of premises and equipment, net | (21,486) | (23,236) |
| Proceeds from sale of foreclosed assets and other real estate owned | 5,181 | 2,448 |
| Proceeds from maturities of available-for-sale securities | 218,417 | 257,204 |
| Purchases of available-for-sale securities | (55,553) | — |
| Proceeds from maturities of held-to-maturity securities | 41,152 | 36,851 |
| Purchases of bank owned life insurance | (15,697) | — |
| Surrender of bank owned life insurance | 19,403 | 2,201 |
| Proceeds from bank owned life insurance death benefits | 607 | 1,376 |
| Net cash provided by (used in) investing activities | 79,677 | (84,382) |
| FINANCING ACTIVITIES | ||
| Net change in deposits | (60,760) | (404,095) |
| Proceeds from issuance of other borrowed funds | 1,480,000 | 1,800,000 |
| Repayments of other borrowed funds | (1,591,023) | (1,425,988) |
| Dividends paid on common stock | (53,532) | (52,689) |
| Net change in federal funds purchased and securities sold under agreements to repurchase | (5,803) | (15,264) |
| Net shares cancelled under stock compensation plans | (2,749) | (1,965) |
| Shares issued under employee stock purchase plan | 836 | 970 |
| Net cash used in financing activities | (233,031) | (99,031) |
| DECREASE IN CASH AND CASH EQUIVALENTS | (42,915) | (39,759) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 687,377 | 614,092 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $644,462 | $574,333 |
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