Every material Form 8-K Simmons First National has filed with the SEC since July 25, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Simmons First National Corporation reported third quarter 2026 net income of $47.1 million, or $0.32 diluted EPS, down from $66.7 million and $0.46 in the second quarter of 2026, while total revenue rose to $251.2 million from $248.6 million. Adjusted diluted EPS rose to $0.54 from $0.50, excluding $43.2 million in pre-tax items such as branch rightsizing, severance and certain professional services costs. For shareholders, GAAP earnings declined while adjusted earnings and net interest margin improved, and management plans to outline future financial targets at an Investor Day in December.
Net income $47.1 million in 3Q26 vs $66.7 million in 2Q26; diluted EPS $0.32 vs $0.46
Adjusted diluted EPS $0.54 vs $0.50 in 2Q26; certain items totaled $43.2 million pre-tax
Net interest margin rose 8 basis points to 3.92%; total deposits fell to $18.6 billion from $19.7 billion
Nonperforming loans rose to $179.9 million from $166.1 million; about $161 million remains under the 2026 buyback program, with no repurchases in the quarter
Simmons First National Corp said it will close 26 Simmons Bank branches across its six-state footprint, effective December 4, 2026, as part of a broader review of its retail network. The company expects roughly $20 million to $23 million in pre-tax expenses tied to the closures, mostly in the third quarter of 2026, and is part of a wider set of operating initiatives it expects to cost $40 million to $45 million in the same quarter and to add $37 million to $42 million a year to pre-provision net revenue once fully implemented.
26 Simmons Bank branches to close, effective December 4, 2026; about 100 associates affected, with roughly 70% expected to be placed in other roles
Branch closure expenses estimated at $20 million to $23 million pre-tax, including $17 million to $19 million in real estate write-downs and lease termination fees
Broader initiatives expected to cost $40 million to $45 million pre-tax in Q3 2026 and to lift annual PPNR by $37 million to $42 million once fully implemented, though some benefit may be reinvested
Simmons First National Corp reported second quarter 2026 net income of $66.7 million, or $0.46 per diluted share, compared with $68.5 million, or $0.47 per share, in the first quarter of 2026 and $54.8 million, or $0.43 per share, a year earlier. Total revenue rose to $248.6 million from $241.4 million in the prior quarter, and the company's adjusted diluted EPS was $0.50, excluding certain items such as branch rightsizing and severance costs. The filing gives no earnings guidance for future periods.
Net income $66.7 million vs. $68.5 million in Q1 2026 and $54.8 million in Q2 2025
Diluted EPS $0.46 vs. $0.47 in Q1 2026 and $0.43 in Q2 2025; adjusted diluted EPS $0.50
Total revenue $248.6 million vs. $241.4 million in Q1 2026 and $214.2 million in Q2 2025
Repurchased about 0.7 million shares at an average price of $21.52; about $161 million remained under the 2026 program as of June 30, 2026
At its May 13, 2026 annual meeting, Simmons First shareholders approved an amended and restated 2023 Stock and Incentive Plan, raising the maximum shares issuable under the plan to 7,350,000 and extending the grant period to May 12, 2036. Shareholders also elected all fourteen directors and ratified Forvis Mazars, LLP as auditor for 2026, while the non-binding say-on-pay vote passed with 99,152,664 for and 11,387,331 against.
Plan share cap raised by 3,550,000 shares to 7,350,000 since inception on April 18, 2023
Plan adds an annual $750,000 limit on combined cash and equity pay for non-employee directors
Say-on-pay resolution: 99,152,664 for, 11,387,331 against, 494,439 abstain
Forvis Mazars, LLP ratified as independent auditor for year ending December 31, 2026 with 121,341,116 for and 5,308,580 against
Simmons First National Corporation reported first quarter 2026 net income of $68.5 million and diluted EPS of $0.47, compared with $78.1 million and $0.54 in the fourth quarter of 2025. Total revenue was $241.4 million, down from $249.0 million in the prior quarter but up from $209.6 million a year earlier. Both profit and revenue declined from the fourth quarter, while the year-over-year comparison improved.
Net income $68.5 million and diluted EPS $0.47 for Q1 2026, versus $78.1 million and $0.54 in Q4 2025 and $32.4 million and $0.26 in Q1 2025
Total revenue $241.4 million, versus $249.0 million in Q4 2025 and $209.6 million in Q1 2025
Total loans rose to $17.9 billion, up 10 percent annualized from Q4 2025; net interest margin was 3.84 percent
Nonperforming loans increased to $141.9 million from $112.7 million in Q4 2025, which the company attributed primarily to a single real estate construction relationship
Simmons First National amended James M. Brogdon's change in control severance agreement on February 27, 2026, raising the termination compensation formula from two times to three times his Base Period Income. The filing does not state Brogdon's title or any dollar amount, so the financial effect cannot be quantified from this document.
Amendment dated February 27, 2026 among Simmons First National Corporation, Simmons Bank and James M. Brogdon
Termination compensation multiplier increased from two times to three times Base Period Income
Original Executive Change in Control Severance Agreement dated July 30, 2021; full amendment filed as Exhibit 10.1
Simmons First National Corp reported fourth-quarter 2025 net income of $78.1 million and diluted EPS of $0.54, up from $48.3 million and $0.38 in the fourth quarter of 2024. The quarter followed a third-quarter net loss of $562.8 million tied to a balance sheet repositioning, so the results reflect a recovery from that loss. The filing gives no guidance for 2026.
Diluted EPS of $0.54 compared with $(4.00) in the third quarter of 2025 and $0.38 in the fourth quarter of 2024
Adjusted diluted EPS of $0.54, compared with $0.46 in the third quarter of 2025 and $0.39 in the fourth quarter of 2024
Net interest margin rose 31 basis points to 3.81 percent; total revenue was $249.0 million
Nonperforming loan ratio fell to 0.64 percent from 0.90 percent; $175 million remained under the 2024 buyback program at December 31, 2025
On December 23, 2025, Simmons First and chairman and CEO George Makris, Jr. signed an aircraft time sharing agreement allowing him to lease company aircraft with flight crew for personal travel, subject to reimbursing actual flight expenses. The filing says the company will not provide tax reimbursements for imputed income or federal air transportation excise tax, which limits the company's cost exposure from this arrangement.
Agreement signed December 23, 2025 between Simmons First and chairman and CEO George Makris, Jr.
Makris must reimburse the company for actual expenses of personal flights, including deadhead flights.
Either party may terminate the agreement with 10 business days' prior written notice.
The company will not cover taxes on imputed income or federal air transportation excise tax under the agreement.
On December 4, 2025, Simmons First's board, acting on its compensation committee's recommendation, decided that George Makris, Jr.'s unvested 2024 performance share units will vest after his retirement, subject to performance criteria, as if he had stayed employed through the full three-year performance period. The filing says there is no proration of the final award and no acceleration of payment. The change concerns executive pay for a departing officer, with no stated effect on company financial results.
Board action dated December 4, 2025, on the compensation committee's recommendation.
Covers unvested 2024 performance share units granted to George Makris, Jr. under the 2023 Stock and Incentive Plan.
Vesting remains subject to performance criteria over the three-year performance period; no proration and no acceleration of payment.
Filing dated December 9, 2025, signed by CFO C. Daniel Hobbs.
Simmons First National Corporation reported a third-quarter 2025 net loss of $562.8 million, or $4.00 per diluted share, compared with net income of $54.8 million in the second quarter. The loss mainly reflects an $801.5 million pre-tax loss on the sale of about $2.4 billion of low-yielding securities, part of a balance sheet repositioning funded by a roughly $327 million equity offering. Adjusted diluted EPS rose to $0.46 from $0.44 in the second quarter, but the GAAP loss sharply reduced shareholders' equity and book value per share.
Q3 2025 net loss of $562.8 million, or $(4.00) per diluted share, versus net income of $54.8 million in Q2 2025
Adjusted diluted EPS of $0.46 in Q3 2025, compared with $0.44 in Q2 2025 and $0.37 in Q3 2024
Book value per share fell to $23.18 from $28.17 at the end of Q2 2025, due to the loss on the sale of investment securities
Net interest margin rose 44 basis points to 3.50%, and the company completed a $325 million subordinated notes offering in Q3
Simmons First National completed a $325 million offering of 6.25% fixed-to-floating rate subordinated notes due 2035, netting about $321.3 million. The company plans to use the proceeds, with cash on hand, to repay its $330 million 2028 Notes on October 1, 2025, and for general corporate purposes, with the notes intended to count as Tier 2 regulatory capital.
Offering size: $325 million aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035
Net proceeds of approximately $321.3 million after underwriting discounts and estimated offering expenses
Planned repayment in full of $330 million 2028 Notes on October 1, 2025
Fixed rate of 6.25% until October 1, 2030, then floating at Three-Month Term SOFR plus 302 basis points until 2035
Simmons First National Corporation agreed to sell $325 million of subordinated notes priced at par, with a 6.25% fixed rate through October 1, 2030. The company expects net proceeds of about $321.3 million, which it plans to use with cash on hand to repay in full its $330 million 5.00% 2028 Notes and for general corporate purposes. For shareholders, the filing describes a debt refinancing that replaces notes carrying a 5.00% rate with notes carrying a 6.25% initial rate.
Offering of $325 million aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035, priced at par
Fixed rate of 6.25% until October 1, 2030, then Three-Month Term SOFR plus 302 basis points
Expected net proceeds of about $321.3 million, plus cash on hand, to repay the $330 million 5.00% 2028 Notes in full
Simmons First National Corp disclosed that the death benefits under its bank's split-dollar life insurance plan were increased for two executives effective August 1, 2025. The change raises benefits for President James Brogdon and General Counsel George Makris III, a compensation-related arrangement that does not affect the company's reported financial results in the filing.
Brogdon's benefit increased from $890,000 to $1,400,000 effective August 1, 2025
Makris III's benefit increased from $610,000 to $800,000 effective August 1, 2025
The full plan text is filed as Exhibit 10.1 to the 8-K
Simmons First National Corporation said Chairman and CEO George Makris Jr. will retire at the end of 2025. Jay Brogdon, the company's president, will become president and CEO on January 1, 2026, and join the board, while Marty Casteel will become chairman. The filing does not describe changes to the company's financial results or outlook, and it says Brogdon's compensation information for his new role was not yet available.
George A. Makris Jr. (age 69) retires as chairman, director and CEO effective the end of December 31, 2025.
James "Jay" M. Brogdon (age 44) becomes president and CEO on January 1, 2026, and joins the board to fill Makris's seat.
Marty D. Casteel will succeed Makris as chairman effective January 1, 2026.
Brogdon will receive no separate pay for board service and will not immediately serve on board committees.
On July 23, 2025, Simmons First completed a repositioning of its balance sheet, selling about $3.2 billion (amortized cost) of investment securities to Morgan Stanley & Co., LLC for an aggregate price of about $2.4 billion. The company estimates a realized after-tax loss of about $604 million, to be recorded in the third quarter of 2025. An underwritten offering of 18,653,000 Class A common shares, which also closed July 23, generated net proceeds of about $326.9 million, which partly offsets the cost for shareholders.
Sold about $3.2 billion (amortized cost) of investment securities to Morgan Stanley & Co., LLC for about $2.4 billion.
Estimated realized after-tax loss of about $604 million, based on an estimated 24.3% tax rate, to be recorded in Q3 2025.
Underwritten offering of 18,653,000 Class A shares closed July 23, 2025, with net proceeds of about $326.9 million.
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