Simmons First National Corp

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Loans and Unfunded Loan Commitments $ in millions 3Q25 2Q25 1Q25 4Q24 3Q24 Total loans $ 17,189 $ 17,111 $ 17,094 $ 17,006 $ 17,336 Unfunded loan commitments 3,955 3,947 3,888 3,739 3,681 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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

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.

SEC original ↗Simmons First National Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

Commercial The commercial loan portfolio includes commercial and agricultural loans, representing loans to commercial customers and farmers for use in normal business or farming operations to finance working capital needs, equipment purchases or other expansion projects.

SEC original ↗Simmons First National Corp — 10-Q Quarterly report10-QAug 5, 2026

By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties.

SEC original ↗Simmons First National Corp — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Legal Proceedings 74 Item 1A.

SEC original ↗Simmons First National Corp — 10-Q Quarterly report10-QAug 5, 2026

These material estimates could change as a result of the uncertainty in current macroeconomic conditions and other factors that are beyond the Company s control and could cause actual results to differ materially from those projected.

SEC original ↗Simmons First National Corp — 10-Q Quarterly report10-QAug 5, 2026

Non-financial characteristics of a Special Mention rating may include management problems, pending litigation, a non-existent or ineffective loan agreement or other material structural weakness, and/or other significant deviation from prudent lending practices.

SEC original ↗Simmons First National Corp — 10-Q Quarterly report10-QAug 5, 2026