Question: Why does simplify work different here?

When I simplify the following two (to my mind identical) expressions, I get different outputs. But why?

s1:=exp(ln(((mu)^(2))/(sqrt(((sigma^(2)))+(mu)^(2))))+(1-phi)*ln((sqrt((((sigma^(2))))+((mu)^(2))))/(mu)));

simplify(s1);

and now just replacing sigma^2 by sigma2 gives:

s2:=exp(ln(((mu)^(2))/(sqrt(((sigma2)))+(mu)^(2))))+(1-phi)*ln((sqrt((((sigma2))))+((mu)^(2))))/(mu)));

simplify(s2);

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