Simmons Q4 net income $23.9M ($0.19 EPS) vs $47.2M, adjusted EPS $0.40; new $175M buyback, 5% dividend hike

SIMMONS FIRST NATIONAL CORP

2023-FY EPS reported $1.38

Net income $23.9M vs $47.2M in Q3; diluted EPS $0.19 vs $0.37; adjusted diluted EPS $0.40.
Sold $241M low-yield AFS securities, pre-tax loss $20.2M; proceeds used to reduce wholesale funding; earn-back period ~2.5 years.
Board authorized new $175M stock repurchase program effective through Jan 2026, replacing prior program.
Board approved 5% increase in quarterly cash dividend; specific amount not detailed in release.
Net charge-offs 11 bps for Q4; allowance for credit losses to loans at 1.34%; FDIC special assessment of $10.5M recorded.

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