{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-165459","form_type":"8-K","ticker":"SFNC","cik":"0000090498","company_name":"SIMMONS FIRST NATIONAL CORP","filed_at":"2025-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.650056+00:00","generated_at":"2026-05-18T01:48:53.193794+00:00","sec_items":["2.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Simmons First sells $3.2B securities for $2.4B, records $604M after-tax loss; raises $327M equity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-165459","json":"https://secwatch.observer/filing/0001193125-25-165459.json","markdown":"https://secwatch.observer/filing/0001193125-25-165459.md","text":"https://secwatch.observer/filing/0001193125-25-165459.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/90498/000119312525165459/0001193125-25-165459-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/90498/000119312525165459/d946262d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T01:48:53.193794+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3730a7535d700b8147f2a0118f5ccd0aebcc81f3","claim":"SIMMONS FIRST NATIONAL CORP completed a disposition involving Morgan Stanley & Co., LLC for approximately $2.4 billion (closed 2025-07-23).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/90498/000119312525165459/0001193125-25-165459-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Morgan Stanley & Co., LLC"},{"label":"Consideration","value":"approximately $2.4 billion"},{"label":"Closing","value":"2025-07-23"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}