Q2 Quarter 2023
Non-GAAP Reconciliations
$ in thousands, except per share data
Calculation of Adjusted Earnings
Net Income
Certain items
Merger related costs
Branch right sizing, net
Day 2 CECL provision
Donation to Simmons First Foundation
Loss from early retirement of TruPS
Gain on sale of intellectual property
Gain on insurance settlement
Early retirement program
Tax effect(¹)
Certain items, net of tax
Q2
Q3
Q4
Q1
Q2
2022
2022
2022
2023
2023
$
27,454
$
80,603
$
83,260
$
45,589
$
58,314
19,133
1,422
35
380
1,235
1,104
1,396
979
19
95
33,779
1,738
365
(750)
(4,074)
3,609
(14,382)
(594)
768
(621)
(972)
40,648
1,678
(2,167)
1,754
2,751
68,102
82,281
81,093
47,343
$
61,065
Adjusted earnings (non-GAAP)
Calculation of Earnings and Adjusted Earnings per Diluted Share
Net Income
$
27,454
$
80,603
$
83,260
$ 45,589
$
58,314
Less: Preferred stock dividend
Earnings available to common shareholders
Diluted earnings per share
$
27,454
0.21
$
80,603
83,260
45,589
$
0.63
0.65
$
0.36
58,314
0.46
Adjusted earnings (non-GAAP)
$
68,102
$
82,281
$
81,093
$
47,343
$
61,065
Less: Preferred stock dividend
Adjusted earnings available to common shareholders (non-GAAP)
68,102
$
82,281
$
81,093
$
47,343
61,065
Adjusted diluted earnings per share (non-GAAP)
$
0.53
$
0.64
$
0.64
$
0.37
$
0.48
(1) Effective tax rate of 26.135%
$
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