---
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"
generated_at: "2026-05-18T01:48:53.193794+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-165459
- JSON: https://secwatch.observer/filing/0001193125-25-165459.json
- Plain text: https://secwatch.observer/filing/0001193125-25-165459.txt

## Key facts
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/90498/000119312525165459/0001193125-25-165459-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.