Q2 Quarter 2023

Net Interest Income and Margin (FTE) Net Interest Income $ in millions; FTE Net Interest Income Evolution $ in millions; FTE $199.8 $199.8 $191.2 $184.1 $169.3 $184.1 Illi $ $18.2 $(20.8) ☐ $169.3 $(11.9) ($0.3) ☐ Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q1 23 A in Interest Income A in Interest Expense - Deposits A in Interest Expense - Borrowings A in Accretion Q2 23 (FTE) excluding accretion Loan, Securities & Deposits Yield/Rate 5.67 5.89 5.40 4.86 4.54 Net Interest Margin/Earning Assets Yield FTE (%) FTE (%) 4.95 4.78 4.49 3.96 3.57 2.68 2.92 2.91 2.08 2.29 0.47 3.34 3.24 3.31 0.18 1.96 1.58 3.09 1.02 Q2 22 Q3 22 Q4 22 Q1 23 2.76 Q2 23 Q2 22 Q3 22 Q4 22 Loan Yield (FTE) Q1 23 Securities (FTE) Q2 23 -NIM EA Yield Cost of Deposits FTE - Fully taxable equivalent using an effective tax rate of 26.135% Totals may not foot due to rounding Q2 23 Highlights Linked Quarter Comparison (Q2 23 vs Q1 23) ☐ Asset portion of balance sheet ☐ ◉ +22 bps increase in yield on loans -1 bp decrease in yield on securities +17 bps increase in yield on earnings assets Average loans up 2% Average securities down 1% Liability portion of balance sheet ☐ +38 bps increase in cost of deposits reflects change in mix of deposits and competitive environment to defend core deposit base Strategically utilized short-term borrowings to elevate liquidity position given macro economic environment, debt ceiling and near-term earning asset growth given timing of cash flows Approximately $330 million of SFNC subordinated debt converted from fixed rate to floating rate on 4/1/23 resulting in a $2.1 million increase in interest expense in the quarter Remaining balance of purchase accretion at 6/30/23 was $17.1 million accounting 8

View entire presentation