Simmons First National Corp 8-K, filed Oct 15, 2026

About this 8-K

Items reported

Simmons First National Corp (SFNC)

8-K 2026-10-15 For: 2026-10-15

Added on October 18, 2026

Simmons First National Corp filed this 8-K on October 15, 2026.

Simmons First National Corporation reported third quarter 2026 net income of $47.1 million and diluted EPS of $0.32, with adjusted earnings of $79.0 million and adjusted diluted EPS of $0.54. Net interest margin rose 8 basis points to 3.92%. AI summary

SIMMONS FIRST NATIONAL CORPORATION

/s/ C. Daniel Hobbs

Date: October 15, 2026

C. Daniel Hobbs, Executive Vice President and
Chief Financial Officer

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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

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


Exhibit 99.1		Press Release dated October 15, 2026

Exhibit 99.2		Investor Presentation issued on October 15, 2026

Exhibit 104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)


FINANCIAL HIGHLIGHTS	3Q26			2Q26			3Q25			3Q26 Highlights
INCOME STATEMENT SUMMARY (in millions)										Comparisons reflect 3Q26 vs 2Q26 unless otherwise noted • Net income of $47.1 million and diluted EPS of $0.32 • Adjusted net income¹ of $79.0 million and adjusted diluted EPS¹ of $0.54 • ROAA of 0.77% and ROE of 5.37% • Adjusted ROAA¹ of 1.29%; adjusted ROTCE¹ of 15.50% • Total revenue of $251.2 million and PPNR¹ of $69.1 million • Adjusted total revenue¹ of $251.2 million and adjusted PPNR¹ of $112.3 million • Net interest margin up 8 bps to 3.92% • Loan yields up 5 bps and cost of deposits down 8 bps to 1.85% • Efficiency ratio of 71.59%; adjusted efficiency ratio¹ of 53.31% • Provision expense exceeded net charge-offs by $14.1 million for the first nine months of 2026 • NCO ratio at 27 bps for 3Q26; ACL at 1.37%
Total revenue	$	251.2		$	248.6		$	(569.5	)
Adjusted total revenue¹		251.2			248.6			232.5
Pre-provision net revenue¹ (PPNR)		69.1			100.8			(711.6	)
Adjusted pre-provision net revenue¹		112.3			108.2			92.8
Provision for credit losses		12.2			17.4			12.0
Net income (loss)		47.1			66.7			(562.8	)
Adjusted net income¹		79.0			72.2			64.9

PER SHARE DATA
Diluted earnings	$	0.32		$	0.46		$	(4.00	)
Adjusted diluted earnings¹		0.54			0.50			0.46
Cash dividend declared		0.2150			0.2150			0.2125

BALANCE SHEET (in millions)
Total loans	$	17,465		$	18,062		$	17,189
Total deposits		18,616			19,728			19,838
Total assets		24,074			24,777			24,208
Total shareholders’ equity		3,350			3,482			3,354

ASSET QUALITY
Net charge-off ratio (NCO ratio)		0.27	%		0.20	%		0.25	%
Allowance for credit losses to loans (ACL)		1.37			1.32			1.50

CAPITAL RATIOS
Equity to assets (EA) ratio		13.91	%		14.05	%		13.85	%
Tangible common equity (TCE) ratio¹		8.62			8.91			8.53
Common equity tier 1 (CET1) ratio		12.05			11.60			11.54
Total risk-based capital ratio		14.80			14.35			15.07

OTHER RATIOS
Return on average assets (ROAA)		0.77	%		1.09	%		(8.96	)%
Adjusted ROAA¹		1.29			1.17			1.03
Return on average common equity (ROE)		5.37			7.69			(66.29	)
Return on average tangible common equity¹ (ROTCE)		9.42			13.32			(113.56	)
Adjusted ROTCE¹		15.50			14.37			13.62
Net interest margin (FTE)²		3.92			3.84			3.50
Efficiency ratio		71.59			58.72			(25.11	)
Adjusted efficiency ratio¹		53.31			54.26			57.72


$ in millions, except per share data	3Q26			2Q26			3Q25
Net income (loss)	$	47.1		$	66.7		$	(562.8	)
Branch/real estate rightsizing costs, net		14.2			6.1			2.0
Severance/early retirement program costs		6.0			1.3			0.3
Certain professional services		17.1			—			—
Accelerated prepaid expenses		5.9			—			—
Loss on sale of securities		—			—			801.5
Loss on early extinguishment of debt		—			—			0.6

Total pre-tax impact		43.2			7.4			804.4
Tax effect		(11.3	)		(1.9	)		(176.7	)

Total impact on earnings		31.9			5.5			627.7

Adjusted earnings^{1, 3}	$	79.0		$	72.2		$	64.9

Diluted EPS	$	0.32		$	0.46		$	(4.00	)
Branch/real estate rightsizing costs, net		0.10			0.04			0.01
Severance/early retirement program costs		0.04			0.01			—
Certain professional services		0.12			—			—
Accelerated prepaid expenses		0.04			—			—
Loss on sale of securities		—			—			5.70
Loss on early extinguishment of debt		—			—			—

Total pre-tax impact		0.30			0.05			5.71
Tax effect		(0.08	)		(0.01	)		(1.25	)

Total impact on earnings		0.22			0.04			4.46

Adjusted Diluted EPS¹	$	0.54		$	0.50		$	0.46


Select Yield/Rates	3Q26			2Q26			1Q26			4Q25			3Q25
Loan yield (FTE)²		6.20	%		6.15	%		6.16	%		6.23	%		6.31	%
Investment securities yield (FTE)²		4.33			4.26			4.25			4.30			4.01
Cost of interest bearing deposits		2.39			2.46			2.47			2.62			2.86
Cost of deposits		1.85			1.93			1.96			2.04			2.25
Net interest spread (FTE)²		3.35			3.26			3.27			3.18			2.86
Net interest margin (FTE)²		3.92			3.84			3.84			3.81			3.50


Noninterest Income $ in millions	3Q26		2Q26		1Q26		4Q25		3Q25
Service charges on deposit accounts	$	13.6	$	12.3	$	12.7	$	12.7	$	13.0
Wealth management services		11.4		10.2		10.5		10.3		10.0
Debit and credit card services		8.7		9.0		8.5		8.7		8.5
Mortgage lending income		1.7		2.0		1.9		2.2		2.3
Other service charges and fees		1.5		1.6		1.6		1.5		1.5
Bank owned life insurance		4.2		4.2		4.2		3.9		3.9
Gain (loss) on sale of securities		—		—		—		—		(801.5	)
Other income		6.0		8.6		4.8		12.4		6.1

Total noninterest income	$	47.2	$	47.9	$	44.2	$	51.7	$	(756.2	)

Adjusted noninterest income¹	$	47.2	$	47.9	$	44.2	$	51.7	$	45.9


Noninterest Expense $ in millions	3Q26			2Q26			1Q26			4Q25			3Q25
Salaries and employee benefits	$	78.1		$	75.6		$	75.9		$	72.9		$	76.2
Occupancy expense, net		11.7			14.7			12.2			11.6			12.1
Furniture and equipment		5.4			5.7			5.4			5.3			5.3
Deposit insurance		4.5			4.5			2.3			4.7			5.2
Other real estate and foreclosure expense		0.2			0.7			0.3			0.4			0.2
Other operating expenses		82.1			46.6			44.5			44.8			43.0

Total noninterest expense	$	182.0		$	147.7		$	140.7		$	139.9		$	142.0

Adjusted salaries and employee benefits¹	$	72.1		$	74.3		$	75.6		$	72.9		$	75.9
Adjusted other operating expenses¹		45.0			44.2			43.1			44.0			41.5
Adjusted noninterest expense¹		138.9			140.3			140.6			138.6			139.7
Efficiency ratio		71.59	%		58.72	%		57.56	%		55.52	%		(25.11	)%
Adjusted efficiency ratio¹		53.31			54.26			56.16			53.64			57.72
Full-time equivalent employees		2,712			2,909			2,913			2,917			2,883
Number of financial centers		220			220			221			222			223


Loans and Unfunded Loan Commitments $ in millions	3Q26		2Q26		1Q26		4Q25		3Q25
Total loans	$	17,465	$	18,062	$	17,933	$	17,492	$	17,189
Unfunded loan commitments		4,356		4,384		4,068		3,871		3,955


Deposits $ in millions	3Q26			2Q26			1Q26			4Q25			3Q25
Noninterest bearing deposits	$	4,286		$	4,350		$	4,290		$	4,330		$	4,377
Interest bearing transaction accounts		10,288			10,332			10,667			10,453			10,289
Time deposits		3,107			3,233			3,334			3,508			3,331
Brokered deposits		935			1,813			1,912			1,893			1,841

Total deposits	$	18,616		$	19,728		$	20,203		$	20,184		$	19,838

Noninterest bearing deposits to total deposits		23	%		22	%		21	%		21	%		22	%
Total loans to total deposits		94			92			89			87			87


Asset Quality $ in millions	3Q26			2Q26			1Q26			4Q25			3Q25
Allowance for credit losses on loans to total loans		1.37	%		1.32	%		1.28	%		1.28	%		1.50	%
Allowance for credit losses on loans to nonperforming loans		133			143			162			199			168
Nonperforming loans to total loans		1.03			0.92			0.79			0.64			0.90
Net charge-off ratio (annualized)		0.27			0.20			0.21			1.12			0.25
Net charge-off ratio YTD (annualized)		0.23			0.21			0.21			0.47			0.24
Loans past due 30-89 days to total loans		0.30			0.29			0.51			0.27			0.11
Total nonperforming loans	$	179.9		$	166.1		$	141.9		$	112.7		$	153.9
Total other nonperforming assets		7.1			11.1			12.6			12.4			6.8

Total nonperforming assets	$	187.0		$	177.2		$	154.5		$	125.1		$	160.7

Reserve for unfunded commitments	$	25.6		$	25.6		$	25.6		$	25.6		$	25.6


Select Capital Ratios	3Q26			2Q26			1Q26			4Q25			3Q25
Stockholders’ equity to total assets		13.9	%		14.1	%		13.9	%		13.9	%		13.9	%
Tangible common equity to tangible assets¹		8.6			8.9			8.7			8.7			8.5
Common equity tier 1 (CET1) ratio		12.1			11.6			11.6			11.6			11.5
Tier 1 leverage ratio		10.4			10.2			10.1			10.1			9.6
Tier 1 risk-based capital ratio		12.1			11.6			11.6			11.6			11.5
Total risk-based capital ratio		14.8			14.4			14.4			14.4			15.1


	Sep 30 2026			Jun 30 2026			Mar 31 2026			Dec 31 2025			Sep 30 2025
*($ in thousands)*
ASSETS
Cash and noninterest bearing balances due from banks	$	415,752		$	377,602		$	342,603		$	380,439		$	377,604
Interest bearing balances due from banks and federal funds sold		343,870			211,882			205,880			331,474			266,013

Cash and cash equivalents		759,622			589,484			548,483			711,913			643,617
Interest bearing balances due from banks - time		—			100			100			100			100
Investment securities - held-to-maturity		—			—			—			—			—
Investment securities - available-for-sale		2,743,458			3,077,181			3,152,286			3,266,221			3,319,277
Mortgage loans held for sale		12,916			16,450			14,311			17,438			15,507
Assets held in trading accounts		6,874			14,541			14,543			11,685			12,695
Loans:
Loans		17,464,682			18,062,369			17,932,883			17,492,179			17,188,817
Allowance for credit losses on loans		(238,520	)		(238,227	)		(229,908	)		(224,377	)		(258,006	)

Net loans		17,226,162			17,824,142			17,702,975			17,267,802			16,930,811
Premises and equipment		542,159			552,435			557,873			561,220			568,343
Foreclosed assets and other real estate owned		7,133			11,080			12,475			12,009			6,386
Interest receivable		110,004			103,016			101,557			104,062			104,383
Bank owned life insurance		548,119			545,252			542,486			540,001			539,372
Goodwill		1,320,799			1,320,799			1,320,799			1,320,799			1,320,799
Other intangible assets		75,132			78,228			81,325			84,423			87,520
Other assets		722,103			644,108			643,570			643,204			659,352

Total assets	$	24,074,481		$	24,776,816		$	24,692,783		$	24,540,877		$	24,208,162

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest bearing transaction accounts	$	4,285,910		$	4,350,474		$	4,289,697		$	4,330,211		$	4,377,232
Interest bearing transaction accounts and savings deposits		11,005,547			11,133,265			11,311,979			11,141,169			10,932,914
Time deposits		3,324,686			4,244,371			4,601,107			4,712,658			4,527,587

Total deposits		18,616,143			19,728,110			20,202,783			20,184,038			19,837,733
Federal funds purchased and securities sold under agreements to repurchase		99,444			46,216			8,708			21,383			22,348
Other borrowings		1,365,751			941,256			446,756			302,253			18,832
Subordinated notes and debentures		301,884			312,028			315,700			317,714			648,976
Accrued interest and other liabilities		341,455			267,347			281,102			296,249			326,310

Total liabilities		20,724,677			21,294,957			21,255,049			21,121,637			20,854,199

Stockholders’ equity:
Common stock		1,445			1,444			1,451			1,448			1,447
Surplus		2,839,951			2,837,845			2,848,952			2,846,581			2,848,977
Undivided profits		953,349			937,307			901,696			864,341			817,022
Accumulated other comprehensive (loss) income		(444,941	)		(294,737	)		(314,365	)		(293,130	)		(313,483	)

Total stockholders’ equity		3,349,804			3,481,859			3,437,734			3,419,240			3,353,963

Total liabilities and stockholders’ equity	$	24,074,481		$	24,776,816		$	24,692,783		$	24,540,877		$	24,208,162


	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
	2026		2026		2026		2025		2025
*($ in thousands, except per share data)*
INTEREST INCOME
Loans (including fees)	$	275,903	$	274,271	$	267,287	$	270,868	$	269,210
Interest bearing balances due from banks and federal funds sold		2,541		2,058		2,320		2,485		6,421
Investment securities		30,239		31,013		31,882		33,833		37,464
Mortgage loans held for sale		236		202		203		227		229
Assets held in trading accounts		124		136		122		118		99

TOTAL INTEREST INCOME		309,043		307,680		301,814		307,531		313,423

INTEREST EXPENSE
Time deposits		31,154		36,996		39,949		41,989		49,064
Other deposits		58,295		58,536		57,653		60,516		67,546
Federal funds purchased and securities sold under agreements to repurchase		141		426		36		57		72
Other borrowings		10,220		5,873		1,746		2,138		2,957
Subordinated notes and debentures		5,257		5,222		5,262		5,535		7,123

TOTAL INTEREST EXPENSE		105,067		107,053		104,646		110,235		126,762

NET INTEREST INCOME		203,976		200,627		197,168		197,296		186,661

PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans		12,167		17,434		14,622		15,116		15,180
Provision for credit losses on investment securities - HTM		—		—		—		—		(3,214	)

TOTAL PROVISION FOR CREDIT LOSSES		12,167		17,434		14,622		15,116		11,966

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		191,809		183,193		182,546		182,180		174,695

NONINTEREST INCOME
Service charges on deposit accounts		13,609		12,329		12,656		12,669		13,045
Debit and credit card fees		8,735		9,008		8,503		8,660		8,478
Wealth management fees		11,440		10,240		10,533		10,337		9,965
Mortgage lending income		1,668		1,994		1,854		2,232		2,259
Bank owned life insurance income		4,218		4,218		4,218		3,942		3,943
Other service charges and fees (includes insurance income)		1,509		1,551		1,606		1,503		1,474
Gain (loss) on sale of securities		—		—		—		—		(801,492	)
Other income		6,012		8,599		4,827		12,365		6,141

TOTAL NONINTEREST INCOME		47,191		47,939		44,197		51,708		(756,187	)

NONINTEREST EXPENSE
Salaries and employee benefits		78,077		75,590		75,885		72,924		76,249
Occupancy expense, net		11,708		14,715		12,218		11,636		12,106
Furniture and equipment expense		5,382		5,739		5,423		5,304		5,275
Other real estate and foreclosure expense		230		695		315		432		200
Deposit insurance		4,519		4,450		2,295		4,736		5,175
Other operating expenses		82,119		46,550		44,537		44,830		43,027

TOTAL NONINTEREST EXPENSE		182,035		147,739		140,673		139,862		142,032

NET INCOME (LOSS) BEFORE INCOME TAXES		56,965		83,393		86,070		94,026		(723,524	)
Provision for income taxes		9,852		16,702		17,526		15,948		(160,732	)

NET INCOME (LOSS)	$	47,113	$	66,691	$	68,544	$	78,078	$	(562,792	)

BASIC EARNINGS PER SHARE	$	0.33	$	0.46	$	0.47	$	0.54	$	(4.01	)

DILUTED EARNINGS PER SHARE	$	0.32	$	0.46	$	0.47	$	0.54	$	(4.00	)


	Three Months Ended Sep 2026							Three Months Ended Jun 2026							Three Months Ended Sep 2025
*($ in thousands)*	Average Balance		Income/ Expense		Yield/ Rate			Average Balance		Income/ Expense		Yield/ Rate			Average Balance		Income/ Expense		Yield/ Rate
ASSETS
Earning assets:
Interest bearing balances due from banks and federal funds sold	$	246,779	$	2,541		4.09	%	$	199,704	$	2,058		4.13	%	$	566,344	$	6,421		4.50	%
Investment securities - taxable		2,163,583		24,728		4.53	%		2,301,053		25,472		4.44	%		2,751,493		29,183		4.21	%
Investment securities - non-taxable (FTE)		787,115		7,461		3.76	%		802,448		7,502		3.75	%		1,242,936		11,210		3.58	%
Mortgage loans held for sale		15,665		236		5.98	%		13,556		202		5.98	%		13,776		229		6.60	%
Assets held in trading accounts		12,499		124		3.94	%		14,731		136		3.70	%		11,305		99		3.47	%
Loans - including fees (FTE)		17,735,235		277,069		6.20	%		17,956,572		275,339		6.15	%		16,976,231		270,092		6.31	%

Total interest earning assets (FTE)		20,960,876		312,159		5.91	%		21,288,064		310,709		5.85	%		21,562,085		317,234		5.84	%
Non-earning assets		3,371,350							3,349,957							3,352,837

Total assets	$	24,332,226						$	24,638,021						$	24,914,922

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest bearing liabilities:
Interest bearing transaction and savings accounts	$	11,104,164	$	58,295		2.08	%	$	11,192,627	$	58,536		2.10	%	$	11,043,132	$	67,546		2.43	%
Time deposits		3,764,350		31,154		3.28	%		4,406,355		36,996		3.37	%		5,116,070		49,064		3.80	%

Total interest bearing deposits		14,868,514		89,449		2.39	%		15,598,982		95,532		2.46	%		16,159,202		116,610		2.86	%
Federal funds purchased and securities sold under agreement to repurchase		22,142		141		2.53	%		57,758		426		2.96	%		23,306		72		1.23	%
Other borrowings		1,083,796		10,220		3.74	%		635,693		5,873		3.71	%		268,278		2,957		4.37	%
Subordinated notes and debentures		309,678		5,257		6.73	%		314,108		5,222		6.67	%		407,922		7,123		6.93	%

Total interest bearing liabilities		16,284,130		105,067		2.56	%		16,606,541		107,053		2.59	%		16,858,708		126,762		2.98	%

Noninterest bearing liabilities:
Noninterest bearing deposits		4,262,855							4,272,088							4,369,941
Other liabilities		307,051							280,861							317,965

Total liabilities		20,854,036							21,159,490							21,546,614
Stockholders’ equity		3,478,190							3,478,531							3,368,308

Total liabilities and stockholders’ equity	$	24,332,226						$	24,638,021						$	24,914,922

Net interest income (FTE)			$	207,092						$	203,656						$	190,472

Net interest spread (FTE)						3.35	%						3.26	%						2.86	%

Net interest margin (FTE)						3.92	%						3.84	%						3.50	%


	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
	2026		2026		2026		2025		2025
*($ in thousands)*
Loan Portfolio - End of Period
Consumer:
Credit cards	$	167,388	$	174,148	$	172,610	$	175,760	$	173,020
Other consumer		86,552		99,117		96,387		115,472		112,335

Total consumer		253,940		273,265		268,997		291,232		285,355
Real Estate:
Construction		2,475,768		2,577,630		2,621,859		2,873,807		2,874,823
Single-family residential		2,505,437		2,564,282		2,566,162		2,607,450		2,617,849
Other commercial real estate		8,715,947		8,828,771		8,764,648		8,289,968		7,875,649

Total real estate		13,697,152		13,970,683		13,952,669		13,771,225		13,368,321
Commercial:
Commercial		2,340,957		2,516,607		2,521,440		2,382,339		2,397,388
Agricultural		447,255		426,522		333,508		306,300		353,181

Total commercial		2,788,212		2,943,129		2,854,948		2,688,639		2,750,569
Other		725,378		875,292		856,269		741,083		784,572

Total loans	$	17,464,682	$	18,062,369	$	17,932,883	$	17,492,179	$	17,188,817


	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
	2026		2026		2026		2025		2025
*($ in thousands)*
Allowance for Credit Losses on Loans
Beginning balance	$	238,227	$	229,908	$	224,377	$	258,006	$	253,537
Loans charged off:
Credit cards		1,523		1,368		1,677		1,346		1,862
Other consumer		328		350		590		550		600
Real estate		8,535		5,465		6,629		25,850		1,350
Commercial		2,663		3,520		1,666		22,004		8,079

Total loans charged off		13,049		10,703		10,562		49,750		11,891
Recoveries of loans previously charged off:
Credit cards		326		244		468		347		257
Other consumer		241		381		301		163		303
Real estate		165		151		449		105		115
Commercial		443		812		253		390		505

Total recoveries		1,175		1,588		1,471		1,005		1,180

Net loans charged off		11,874		9,115		9,091		48,745		10,711
Provision for credit losses on loans		12,167		17,434		14,622		15,116		15,180

Balance, end of quarter	$	238,520	$	238,227	$	229,908	$	224,377	$	258,006

Nonperforming assets
Nonperforming loans:
Nonaccrual loans	$	179,397	$	165,295	$	141,233	$	111,791	$	153,516
Loans past due 90 days or more		488		753		647		948		423

Total nonperforming loans		179,885		166,048		141,880		112,739		153,939

Other nonperforming assets:
Foreclosed assets and other real estate owned		7,133		11,080		12,475		12,009		6,386
Other nonperforming assets		12		60		181		323		392

Total other nonperforming assets		7,145		11,140		12,656		12,332		6,778

Total nonperforming assets	$	187,030	$	177,188	$	154,536	$	125,071	$	160,717


	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
	2026			2026			2026			2025			2025
*($ in thousands, except share data)*
QUARTER-TO-DATE
Financial Highlights - As Reported
Net Income (loss)	$	47,113		$	66,691		$	68,544		$	78,078		$	(562,792	)
Diluted earnings per share		0.32			0.46			0.47			0.54			(4.00	)
Return on average assets		0.77	%		1.09	%		1.13	%		1.28	%		-8.96	%
Return on average tangible assets (non-GAAP)⁽¹⁾		0.85	%		1.19	%		1.24	%		1.40	%		-9.46	%
Return on average common equity		5.37	%		7.69	%		8.01	%		9.08	%		-66.29	%
Return on tangible common equity (non-GAAP) ⁽¹⁾		9.42	%		13.32	%		13.90	%		15.92	%		-113.56	%
Net interest margin (FTE)		3.92	%		3.84	%		3.84	%		3.81	%		3.50	%
Efficiency ratio ⁽²⁾		71.59	%		58.72	%		57.56	%		55.52	%		-25.11	%
FTE adjustment		3,116			3,029			3,012			2,890			3,811
Average diluted shares outstanding		145,054,299			145,323,958			145,340,410			145,210,222			140,648,704
Shares repurchased under plan		—			662,082			—			—			—
Average price of shares repurchased		—			21.52			—			—			—
Cash dividends declared per common share		0.215			0.215			0.215			0.213			0.213
Accretable yield on acquired loans		(221	)		778			902			749			725
Financial Highlights - Adjusted (non-GAAP) ⁽¹⁾
Adjusted earnings	$	78,980		$	72,171		$	68,566		$	78,975		$	64,930
Adjusted diluted earnings per share		0.54			0.50			0.47			0.54			0.46
Adjusted return on average assets		1.29	%		1.17	%		1.13	%		1.29	%		1.03	%
Adjusted return on average tangible assets (non-GAAP)⁽¹⁾		1.41	%		1.29	%		1.24	%		1.41	%		1.13	%
Adjusted return on average common equity		9.01	%		8.32	%		8.01	%		9.19	%		7.65	%
Adjusted return on tangible common equity		15.50	%		14.37	%		13.91	%		16.10	%		13.62	%
Adjusted efficiency ratio ⁽²⁾		53.31	%		54.26	%		56.16	%		53.64	%		57.72	%
YEAR-TO-DATE
Financial Highlights - GAAP
Net Income (loss)	$	182,348		$	135,235		$	68,544		$	(397,553	)	$	(475,631	)
Diluted earnings per share		1.25			0.93			0.47			(2.95	)		(3.63	)
Return on average assets		1.00	%		1.11	%		1.13	%		-1.55	%		-2.44	%
Return on average tangible assets (non-GAAP)⁽¹⁾		1.10	%		1.22	%		1.24	%		-1.60	%		-2.54	%
Return on average common equity		7.01	%		7.85	%		8.01	%		-11.45	%		-18.21	%
Return on tangible common equity (non-GAAP) ⁽¹⁾		12.19	%		13.61	%		13.90	%		-18.84	%		-30.13	%
Net interest margin (FTE)		3.86	%		3.84	%		3.84	%		3.32	%		3.17	%
Efficiency ratio ⁽²⁾		62.70	%		58.15	%		57.56	%		460.26	%		-329.30	%
FTE adjustment		9,157			6,041			3,012			19,537			16,647
Average diluted shares outstanding		145,305,872			145,335,181			145,340,410			134,731,180			131,132,891


QUARTER-TO-DATE
Noninterest income	$	47,191		$	47,939		$	44,197		$	51,708		$	(756,187	)
Certain noninterest income items
Loss on early extinguishment of debt		—			—			—			—			570
Loss (gain) on sale of securities		—			—			—			—			801,492

Adjusted noninterest income (non-GAAP)	$	47,191		$	47,939		$	44,197		$	51,708		$	45,875

Other income	$	6,012		$	8,599		$	4,827		$	12,365		$	6,141
Certain other income items
Loss on early extinguishment of debt		—			—			—			—			570

Adjusted other income (non-GAAP)	$	6,012		$	8,599		$	4,827		$	12,365		$	6,711

Noninterest expense	$	182,035		$	147,739		$	140,673		$	139,862		$	142,032
Certain noninterest expense items
Severance/early retirement program costs		(5,997	)		(1,320	)		(283	)		—			(305	)
FDIC Deposit Insurance special assessment		—			—			1,984			—			—
Certain professional services		(17,069	)		—			(1,200	)		—			—
Termination of vendor and software services		—			—			—			(12	)		—
Loss on sale of Equipment Finance business		—			—			—			(1,118	)		—
Accelerated prepaid expenses		(5,889	)		—			—			—			—
Branch/real estate rightsizing costs		(14,186	)		(6,099	)		(531	)		(85	)		(2,004	)

Adjusted noninterest expense (non-GAAP)		138,894			140,320			140,643			138,647			139,723
Less: Fraud event		—			—			—			—			—

Adjusted noninterest expense, excluding fraud event (non-GAAP)	$	138,894		$	140,320		$	140,643		$	138,647		$	139,723

Salaries and employee benefits	$	78,077		$	75,590		$	75,885		$	72,924		$	76,249
Certain salaries and employee benefits items
Severance/early retirement program costs		(5,997	)		(1,320	)		(283	)		—			(305	)
Other		56			4			—			—			(1	)

Adjusted salaries and employee benefits (non-GAAP)	$	72,136		$	74,274		$	75,602		$	72,924		$	75,943

Other operating expenses	$	82,119		$	46,550		$	44,537		$	44,830		$	43,027
Certain other operating expenses items
Certain professional services		(17,069	)		—			(1,200	)		—			—
Termination of vendor and software services		—			—			—			(12	)		—
Loss on sale of Equipment Finance business		—			—			—			(1,118	)		—
Accelerated prepaid expenses		(5,889	)		—			—			—			—
Branch/real estate rightsizing costs		(14,174	)		(2,399	)		(205	)		327			(1,556	)

Adjusted other operating expenses (non-GAAP)	$	44,987		$	44,151		$	43,132		$	44,027		$	41,471


YEAR-TO-DATE
Noninterest income	$	139,327		$	92,136		$	44,197		$	(615,970	)	$	(667,678	)
Certain noninterest income items
Loss on early extinguishment of debt		—			—			—			570			570
Loss (gain) on sale of securities		—			—			—			801,492			801,492

Adjusted noninterest income (non-GAAP)	$	139,327		$	92,136		$	44,197		$	186,092		$	134,384

Other income	$	19,438		$	13,426		$	4,827		$	31,350		$	18,985
Certain other income items
Loss on early extinguishment of debt		—			—			—			570			570

Adjusted other income (non-GAAP)	$	19,438		$	13,426		$	4,827		$	31,920		$	19,555

Noninterest expense	$	470,447		$	288,412		$	140,673		$	565,063		$	425,201
Certain noninterest expense items
Severance/early retirement program costs		(7,600	)		(1,603	)		(283	)		(1,899	)		(1,899	)
FDIC Deposit Insurance special assessment		1,984			1,984			1,984			—			—
Certain professional services		(18,269	)		(1,200	)		(1,200	)		—			—
Termination of vendor and software services		—			—			—			(12	)		—
Loss on sale of Equipment Finance business		—			—			—			(1,118	)		—
Accelerated prepaid expenses		(5,889	)		—			—			—			—
Branch/real estate rightsizing costs		(20,816	)		(6,630	)		(531	)		(3,246	)		(3,161	)

Adjusted noninterest expense (non-GAAP)		419,857			280,963			140,643			558,788			420,141
Less: Fraud event		—			—			—			(4,300	)		(4,300	)

Adjusted noninterest expense, excluding fraud event (non-GAAP)	$	419,857		$	280,963		$	140,643		$	554,488		$	415,841

Salaries and employee benefits	$	229,552		$	151,475		$	75,885		$	297,859		$	224,935
Certain salaries and employee benefits items
Severance/early retirement program costs		(7,600	)		(1,603	)		(283	)		(1,899	)		(1,899	)
Other		60			4			—			—			—

Adjusted salaries and employee benefits (non-GAAP)	$	222,012		$	149,876		$	75,602		$	295,960		$	223,036

Other operating expenses	$	173,206		$	91,087		$	44,537		$	176,184		$	131,354
Certain other operating expenses items
Certain professional services		(18,269	)		(1,200	)		(1,200	)		—			—
Termination of vendor and software services		—			—			—			(12	)		—
Loss on sale of Equipment Finance business		—			—			—			(1,118	)		—
Accelerated prepaid expenses		(5,889	)		—			—			—			—
Branch/real estate rightsizing costs		(22,667	)		(2,604	)		(205	)		(1,135	)		(1,462	)

Adjusted other operating expenses (non-GAAP)	$	132,270		$	87,283		$	43,132		$	173,919		$	129,892