{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-381967","form_type":"8-K","ticker":"SFNC","cik":"0000090498","company_name":"SIMMONS FIRST NATIONAL CORP","filed_at":"2026-09-03T20:31:15+00:00","discovered_at":"2026-09-03T20:35:05.282635+00:00","generated_at":"2026-09-03T20:35:11.841281+00:00","sec_items":["2.05","7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Simmons First to close 26 branches, expects $40-45M Q3 charges, $37-42M annual PPNR benefit","bullets":["Closing 26 Simmons Bank branches across six states effective Dec 4, 2026; ~100 associates affected, ~70% expected to be retained.","Pre-tax exit costs estimated $20-23M: $17-19M real estate write-downs/lease term fees, $3-3.5M professional fees, $0.2-0.5M severance.","Total Q3 2026 pre-tax charges for broader Initiatives $40-45M, including branch closures; $4-5M of exit costs are cash.","Initiatives expected to improve annual pre-provision net revenue by $37-42M once fully implemented; may reinvest part into growth.","Charges substantially recognized in Q3 2026; management cites structural operating model transformation and technology automation."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-381967","json":"https://secwatch.observer/filing/0001193125-26-381967.json","markdown":"https://secwatch.observer/filing/0001193125-26-381967.md","text":"https://secwatch.observer/filing/0001193125-26-381967.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/90498/000119312526381967/0001193125-26-381967-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/90498/000119312526381967/d489413d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-03T20:35:11.841281+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}