Simmons First sells $3.2B securities for $2.4B, records $604M after-tax loss; raises $327M equity

SIMMONS FIRST NATIONAL CORP

Sold ~$3.2B (amortized cost) of investment securities to Morgan Stanley for ~$2.4B fair market value.
Estimated after-tax loss of ~$604M (24.3% tax rate) to be recorded in Q3 2025.
Completed underwritten public offering of 18,653,000 shares of common stock for net proceeds of ~$326.9M.
Securities reclassified from held-to-maturity to available-for-sale prior to sale.
Transaction intended to reposition consolidated balance sheet.

item 2.01

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