secwatch.observer — SEC 8-K summary
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Issuer:     SIMMONS FIRST NATIONAL CORP (SFNC)
CIK:        0000090498
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001193125-24-013592
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90498/000119312524013592/0001193125-24-013592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90498/000119312524013592/d736506d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-013592

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