SIMMONS FIRST NATIONAL CORP (SFNC): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SIMMONS FIRST NATIONAL CORP completed a disposition involving Morgan Stanley & Co., LLC for approximately $2.4 billion (closed 2025-07-23).

Action: disposition
Counterparty: Morgan Stanley & Co., LLC
Consideration: approximately $2.4 billion
Closing: 2025-07-23

Exact text from the filing

On July 23, 2025, Simmons First National Corporation (the “ Company ”) and its subsidiaries completed steps taken to reposition its consolidated balance sheet (the “ Transaction ”). In the Transaction, the Company and its subsidiaries, as applicable, reclassified its held-to-maturity investment securities to available for sale. The Company and its subsidiaries, as applicable, then sold approximately $3.2 billion (amortized cost basis) of its investment securities to Morgan Stanley & Co., LLC based on fair market value for an aggregate price of approximately $2.4 billion.

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SIMMONS FIRST NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-165459

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