Simmons first national corp (SFNC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES
Net income

77,236

52,722

81,826

55,924

47,695

55,646

55,193

53,562

51,312

18,903

28,852

23,065

22,120

26,971

23,429

22,909

23,505

23,859

21,675

20,095

8,735

12,639

8,788

9,909

4,352

3,786

6,932

6,576

5,937

8,033

6,760

6,536

6,355

6,305

7,257

6,746

5,066

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

11,843

10,795

9,443

8,568

7,451

7,602

7,210

6,923

6,677

6,473

4,940

4,696

4,953

4,749

4,190

3,952

4,087

2,770

3,939

3,944

3,001

2,712

1,413

1,911

1,897

1,711

1,476

1,480

1,460

1,400

1,365

1,379

1,372

1,525

1,490

1,516

1,536

Provision for credit loss expense

26,134

-

-

-

9,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) provision for credit losses on unfunded commitments

-3,000

-

-

-

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

9,620

10,345

9,033

9,150

9,601

5,462

7,023

4,307

4,332

8,294

4,616

2,823

3,230

1,615

3,006

1,171

3,607

1,128

1,602

908

1,084

1,081

1,034

919

1,294

1,300

775

771

2,831

2,842

3,328

2,675

Gain on sale of investments

32,095

377

7,374

2,823

2,740

8

54

-7

6

-1,243

3

2,236

63

1,445

315

3,759

329

305

40

0

-38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net accretion of investment securities and assets

14,975

18,347

12,609

13,104

9,559

7,261

13,541

13,514

14,368

18,618

5,588

7,118

6,766

9,065

7,053

4,819

10,991

6,173

16,931

3,869

5,960

5,943

774

921

1,073

844

1,262

-804

-69

171

-26

133

5

42

21

10

-22

Net amortization on borrowings

136

121

91

91

91

91

-130

-130

-211

242

106

107

106

107

106

107

101

113

112

150

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

4,506

3,605

3,067

3,165

3,084

1,277

3,032

2,831

2,585

5,006

1,717

1,629

2,329

739

960

1,013

706

2,007

934

592

485

461

307

294

361

378

325

378

336

323

296

367

402

283

307

340

273

Net accretion on assets covered by FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,590

-65

184

-44

1,191

-365

715

1,325

1,383

1,974

1,196

895

418

593

901

873

1,258

1,211

1,106

Gain on sale of premises and equipment held for sale, net of impairment

-

-

-

-

-

-

-

-

-

0

0

658

-43

66

3,159

-3,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of foreclosed assets held for sale

520

17

0

-16

32

800

62

-171

-41

275

660

-185

326

701

551

1,273

-93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of mortgage loans held for sale

5,843

5,868

5,939

4,915

3,342

3,169

3,843

3,222

2,610

3,377

3,377

3,072

2,360

3,533

4,566

3,909

2,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other intangibles

301

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of branches

5,889

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,586

23,978

5,993

2,859

2,081

1,096

5,264

-1,869

3,921

18,289

2,732

-860

3,090

8,762

455

507

108

17,410

-2,039

-194

-1,578

-4,573

-1,313

-476

-2,667

-2,344

-518

-480

-1,276

399

888

-1,951

1,149

-1,081

5

-2,221

-274

Income from bank owned life insurance

1,800

1,416

1,302

1,260

876

1,693

1,105

1,102

1,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

725

859

818

-

605

827

997

614

748

746

572

726

412

375

330

345

330

366

278

385

355

368

355

403

261

414

403

Originations of mortgage loans held for sale

182,550

256,322

216,974

183,949

98,255

121,925

159,047

152,692

113,012

154,193

130,768

134,076

88,870

145,551

178,973

171,806

122,123

-26,586

132,187

343,820

122,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of mortgage loans held for sale

196,511

265,968

207,813

172,945

109,916

146,490

154,507

133,810

121,952

148,548

137,797

130,636

109,264

149,365

185,999

169,749

130,500

-29,670

164,725

321,239

118,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Interest receivable

-5,058

-3,910

-815

-364

1,858

-1,571

7,243

2,137

-1,582

1,303

3,412

-584

-1,699

398

2,442

605

-2,248

-1,080

2,744

-590

-1,787

-1,232

2,273

-848

-552

19

2,971

-390

-1,503

-723

2,278

-344

-1,807

-1,069

992

-179

-1,981

Lease right-of-use assets

-2,330

-

-1,099

4,763

-2,294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,594

3,692

7,223

-1,111

-3,849

-4,646

-6,267

1,387

8,485

-8,856

1,375

1,939

11,054

3,365

-10,619

Assets held in trading accounts

-

-

-

-

-

-

-

-

-

-49

-1

-5

14

-2,928

-4,352

247

2,652

-1,870

-189

-47

-459

168

-62

16

-2,113

234

5

371

2,144

-778

-810

104

167

2,289

-2,104

-112

-109

Other assets

-1,325

-38,387

11,197

-4,017

-10,982

-23,281

17,555

1,492

5,648

-4,207

3,407

-7,755

-3,901

24,886

559

-23,638

6,399

-7,981

-650

6,622

-3,444

12,420

-1,089

3,147

2,835

-4,453

3,403

-3,848

-1,149

-4,104

4,157

-2,153

139

-2,820

1,396

-712

-2,606

Accrued interest and other liabilities

48,313

-46,767

15,257

-34,881

30,505

10,157

-5,340

-4,822

33,983

-4,456

3,211

3,964

-16,913

-1,009

-2,862

13,578

-24,666

-14,135

7,252

5,677

2,599

-5,195

7,593

-93

4,206

-1,352

1,108

-970

-1,818

-2,696

3,934

2,029

-213

-419

-1,220

2,247

-3,455

Income taxes payable

-21,221

1,352

16,169

13,530

-10,977

-13,311

12,903

5,008

-13,955

-19,423

-4,652

3,348

6,123

4,201

856

-4,688

1,546

-11,527

8,147

-1,066

7,912

8,600

-436

-5,225

2,333

-482

-620

-3,359

3,517

2,873

-3,472

-630

1,527

-2,371

-3,486

1,016

1,199

Net cash provided by operating activities

103,612

77,997

69,742

22,563

96,045

108,546

41,478

30,365

80,290

6,107

32,533

34,118

41,805

14,557

30,556

51,136

-5,115

12,104

54,803

363

17,089

-426

11,545

-1,350

1,879

5,536

4,279

11,829

14,445

12,100

-4,906

18,660

10,228

5,416

-5,682

8,975

20,848

INVESTING ACTIVITIES
Net originations of loans

49,104

-322,819

-3,138

284,035

18,116

-121,382

515,000

378,371

140,804

270,743

108,019

195,806

144,651

227,922

50,278

83,766

6,196

70,734

54,189

189,922

-13,522

-12,845

62,544

60,883

-26,757

-

-

-

-

-3,890

10,744

72,027

-30,379

-48,130

3,251

19,041

-49,678

Net collections of loans not covered by FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37,103

-

-

-

-

-

-

-

-

Net collections of loans covered by FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-6,758

-10,448

-6,440

-13,712

-6,819

-18,769

-16,061

-9,631

-15,630

-22,396

-30,648

-31,538

-8,579

-14,925

-28,418

-15,342

-19,752

-13,692

-18,181

Decrease in due from banks - time

245

735

0

145

250

-980

-980

95

245

745

1,998

490

0

-170

5,388

1,407

2,919

3,194

7,685

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment, net

10,570

30,308

15,834

8,662

13,027

12,656

6,724

4,308

6,052

5,245

2,307

740

25,924

10,052

4,796

1,262

2,782

9,444

-2,396

4,330

3,454

-8,474

472

-8,791

-1,969

1,256

242

1,573

1,701

280

700

692

596

825

6,095

489

7,061

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

-

0

0

2,081

1,394

738

890

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of foreclosed assets held for sale

2,464

-

-

-

7,214

-

-

-

-

-

-

-

-

4,960

4,731

13,689

5,675

6,601

18,573

11,898

3,916

7,139

6,158

4,845

8,730

5,889

274

4,541

8,128

3,026

-2,579

6,347

1,528

1,040

4,165

2,563

12,744

Proceeds from sale of foreclosed assets held for sale

-

-

-

-

-

-

11,756

4,624

4,359

-

3,891

10,354

-2,844

-

-

-

-

0

-999

-1,030

-829

-3,475

-3,176

-4,743

-2,934

-4,590

-3,787

-5,044

-2,853

-4,560

-7,636

1,144

-3,508

-2,959

-960

-3,033

-1,248

Proceeds from sale of available-for-sale securities

1,076,858

673,656

99,904

259,954

201,516

233

0

0

7,726

352,395

281

326,937

0

97,194

16,273

185,615

47,191

305

30,040

1,500

162

7,450

10,607

2,542

10

28,633

15,412

137

480

1,763

83

727

3

19

2,398

1,005

1,928

Proceeds from maturities of available-for-sale securities

1,255,991

370,994

115,597

233,055

56,438

60,861

74,501

64,415

58,548

411,102

58,895

44,093

-26,373

119,556

76,668

42,483

18,681

62,927

80,823

259,199

32,489

72,382

62,121

48,233

11,687

112,462

-16,786

54,865

15,065

110,284

83,089

74,465

79,367

47,183

128,424

59,170

67,661

Purchases of available-for-sale securities

1,458,730

1,116,783

208,749

274,750

110,201

191,123

138,127

175,866

320,798

474,400

182,869

73,652

123,787

363,561

217,505

187,914

92,592

180,645

54,292

157,753

52,591

65,551

81,330

55,421

63,533

29,138

31

43,925

16,892

89,995

97,675

65,577

83,677

79,027

92,582

118,914

41,060

Proceeds from maturities of held-to-maturity securities

3,561

2,790

3,773

13,998

11,408

34,288

11,557

19,446

15,512

39,598

13,656

12,189

32,051

34,790

135,870

43,015

36,961

74,226

90,455

-52,182

168,621

77,291

195,213

94,375

36,307

-930

7,863

63,144

42,282

200,442

202,165

108,112

202,643

95,551

4,162

123,777

4,794

Purchases of held-to-maturity securities

16,997

-

-

-

0

-

-

-

-

0

0

0

860

0

0

0

6,162

3,413

1,405

49,403

5,265

31,845

196,210

117,700

67,265

74,723

34,361

130,225

34,615

185,865

187,260

152,189

158,506

116,650

102,105

28,380

41,370

Proceeds from bank owned life insurance death benefits

763

1,125

0

0

1,310

1,198

0

0

616

0

0

0

0

996

167

0

1,876

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,000

-

-

-

-

-

-

-

-

Cash received on FDIC loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3,980

-2,375

-1,439

-8,027

-3,859

26,151

-3,174

-3,228

-5,219

82

-2,871

-5,665

-4,017

-3,341

-4,282

-1,974

-19,275

Cash received in business combinations, net of cash paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,000

0

0

201,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposition of assets and liabilities held for sale

-123,610

10

148

0

-1,393

-3,084

-8,346

-8,945

75,586

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

928,091

442,142

108,537

-94,656

138,185

23,299

-530,866

-465,020

-456,234

39,803

-191,642

45,928

-232,560

-343,471

73,709

13,242

5,571

-127,248

61,823

-169,540

369,678

104,743

-48,477

-21,568

-22,484

89,020

-88,401

-73,794

81,570

111,852

49,480

-81,413

107,084

17,063

-39,890

38,365

86,018

FINANCING ACTIVITIES
Net change in deposits

-503,567

-248,816

-48,204

301,415

-409,221

310,246

135,058

296,533

564,040

-80,728

222,055

-73,729

53,069

117,838

79,321

-51,572

-6,321

-3,704

-2,457

-104,686

3,214

-48,197

-88,172

-65,323

9,481

21,262

25,679

-79,545

18,501

-89,724

-62,542

-25,293

4,180

15,583

27,634

5,764

-7,353

Proceeds from issuance of subordinated notes and other borrowings

-

-

-

-

-

0

0

-356

326,711

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of subordinated debentures and subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

594

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,300

Dividends paid on preferred stock

13

13

0

326

0

-

-

-

-

-

-

-

-

0

0

0

24

77

77

77

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

19,077

18,199

15,457

15,458

14,807

13,880

13,844

13,841

14,081

11,130

8,089

8,052

7,845

7,516

6,713

7,311

7,203

6,967

6,885

6,797

6,377

3,918

3,974

3,892

3,575

3,403

3,401

3,434

3,469

3,323

3,334

3,395

3,443

3,271

3,297

3,296

3,292

Net change in other borrowed funds

99,230

163,649

-225,699

-3,295

-175,461

-75,467

-30,894

310,825

-239,038

275,483

47,579

30,888

167,915

57,883

19,402

14,998

14,540

-11,913

2,105

-113,739

-20,367

-8,714

-3,183

-1,368

-120

4,466

-1,672

-3,987

-7,795

-7,604

-2,014

554

142

-1,882

-1,319

-40,741

-315

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,320

Net change in federal funds purchased and securities sold under agreements to repurchase

227,714

33,609

-13,934

-3,889

24,421

-13,421

9,412

-21,108

-1,535

-60,498

268

-5,751

-5,022

-9,260

8,018

5,609

-1,969

-11,039

-1,355

308

-15,332

-2,391

3,651

-6,417

-3,244

45,576

-16,752

-29,164

4,149

39,249

-26,847

-36,004

-8,542

16,480

4,726

-13,539

-2,040

Net shares cancelled under stock compensation plans

-3,063

-

-

-

-2,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net shares (cancelled) issued under stock compensation plans

-

-

-

-

-

-594

-113

1,426

443

-285

-646

931

2,260

1,105

-963

1,444

2,766

-118

571

810

2,040

516

246

442

819

438

48

248

202

-1

0

134

190

0

1

249

224

Shares issued under employee stock purchase plan

956

0

0

0

1,312

0

0

0

1,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

93,307

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,529

5,917

2,402

2,893

6,968

5,654

2,052

-

-

-

-

Retirement of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30,852

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-291,127

-53,486

-303,565

236,188

-576,527

187,809

59,346

518,837

637,566

119,842

261,785

-55,713

210,377

160,050

99,651

-36,832

-29,657

-33,592

-8,098

-224,181

-36,848

-62,704

-91,432

-76,558

3,361

68,339

1,373

-121,799

9,186

-74,606

-101,705

-69,658

-9,525

24,036

27,336

-14,583

-49,756

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

740,576

466,653

-125,286

164,095

-342,297

319,654

-430,042

84,182

261,622

165,752

102,676

24,333

19,622

-168,864

203,916

27,546

-29,201

-148,736

108,528

-393,358

349,919

41,613

-128,364

-99,476

-17,244

162,895

-82,749

-183,764

105,201

49,346

-57,131

-132,411

107,787

46,515

-18,236

32,757

57,110