Simmons First to close 26 branches, expects $20M-$23M in Q3 2026 pre-tax costs
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2026.
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