Highest-materiality recent filing
Simmons First National Q2 net income $66.7M, adjusted EPS $0.50, NIM stable at 3.84%
Net income $66.7M ($0.46 diluted EPS); adjusted net income $72.2M ($0.50 adjusted diluted EPS).
Amended plan increases share reserve from 3.8M to 7.35M shares (3.55M increase).
Simmons First National Q1 EPS $0.47; loan growth 10% annualized, NIM expands to 3.84%
Diluted EPS $0.47, net income $68.5M; adjusted diluted EPS also $0.47.
Simmons First National amends CEO Brogdon's change-in-control severance to 3x base income
James M. Brogdon's change-in-control severance multiplier increased from 2x to 3x Base Period Income.
Simmons First National announces $175M stock repurchase program through Jan 2028
Board authorized new $175M repurchase program, replacing prior program that expired Jan 31, 2026.
Simmons First National details CEO James Brogdon's 2026 compensation package
Annual base salary of $900,000 with cash incentive target equal to 100% of base salary.
Simmons First National Q4 EPS $0.54; NIM expands 31 bps to 3.81%
Net income $78.1M ($0.54 diluted EPS); adjusted EPS also $0.54; total revenue $249.0M.
Simmons First CEO enters aircraft time-sharing agreement for personal use of company plane
CEO George Makris Jr. may lease company Falcon 2000S with crew for personal travel under FAR Part 91.
Simmons First National modifies 2024 PSUs for George Makris, Jr. on retirement
Board acted Dec 4, 2025 under 2024 PSU agreement authority for George Makris, Jr.'s retirement.
Simmons reports Q3 net loss of $562.8M after balance sheet repositioning; adjusted EPS $0.46
Net loss of $562.8M ($(4.00)/share) from $2.4B securities sale loss; adjusted net income $64.9M ($0.46 A-diluted).
Simmons First National closes $325M subordinated notes offering; proceeds to repay $330M 2028 notes
Issued $325M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035; net proceeds ~$321.3M.
Simmons First National prices $325M subordinated notes at 6.25%; to repay 2028 notes
Priced $325M 6.25% Fixed-to-Floating Rate Subordinated Notes due 2035 at 100% par.
James Brogdon's lump sum death benefit increased from $890K to $1.4M, effective Aug 1, 2025.
CEO George Makris Jr. (69) will retire as Chairman and CEO of Simmons First National and Simmons Bank effective Dec 31, 2025.
Simmons First sells $3.2B securities for $2.4B, records $604M after-tax loss; raises $327M equity
Sold ~$3.2B (amortized cost) of investment securities to Morgan Stanley for ~$2.4B fair market value.
Simmons First National raises $326.9M in stock offering at $18.50/share
Issued 18,653,000 shares (including underwriters' option) at $18.50 per share; net proceeds ~$326.9M.
Simmons First National prices $300M common stock offering at $18.50 per share
Priced 16,220,000 shares of Class A common stock at $18.50 per share for aggregate gross proceeds of ~$300.1M.
Simmons Q2 earnings: net income $54.8M, adjusted EPS $0.44; NIM hits 3.06%
Net income $54.8M ($0.43 diluted EPS); adjusted net income $56.1M ($0.44 adjusted diluted EPS).
Simmons First annual meeting: all proposals pass, directors elected, auditors ratified
Board size fixed at 14 with 107.4M for, 690K against, 321K abstain.
Simmons First Q1 2025: EPS $0.26 vs $0.38 Q4; NIM rises to 2.95%; $4.3M fraud charge
Net income $32.4M ($0.26 diluted EPS) vs $48.3M ($0.38) in Q4 2024 and $38.9M ($0.31) in Q1 2024.
Simmons First modifies former CEO Fehlman's equity awards ahead of March 31 retirement
Robert Fehlman resigned as CEO effective Dec 31, 2024; advisory role ends March 31, 2025.
Simmons First National Q4 net income $48.3M, EPS $0.38; NIM up 13 bps to 2.87%
Diluted EPS $0.38 (adjusted $0.39) vs $0.20 Q3 and $0.19 Q4 2023; net income $48.3M.
Simmons First National CEO Bob Fehlman to retire; George Makris Jr. returns as Chairman & CEO
CEO Bob Fehlman retiring Dec. 31, 2024, then advisory role through March 2025 after 36 years.
Simmons Q3 adjusted EPS $0.37 vs $0.33 Q2; net income $24.7M; sells $252M low-yield securities
GAAP net income $24.7M ($0.20 diluted EPS), down from $40.8M in Q2; adjusted net income $46.0M ($0.37) up from $41.9M.
Simmons First National Q2 net income $40.8M, EPS $0.32; NIM up 3 bps to 2.69%
Net income $40.8M ($0.32 diluted EPS) vs $38.9M ($0.31) in Q1 2024; revenue $197.2M up QoQ.
Board size fixed at 14 directors with 105.5M votes for, 2.2M against.
Simmons First National Q1 net income $38.9M; adj EPS $0.32; NIM 2.66%
Net income $38.9M ($0.31 diluted EPS); adjusted earnings $40.4M ($0.32 adj diluted EPS).
Simmons First National director Dean O. Bass to depart at 2024 annual meeting
Dean O. Bass (73) notified company he will not stand for re-election at the 2024 annual shareholder meeting.
Jay D. Burchfield, age 77, notified Board on Feb 28, 2024 he will not seek re-election.
CFO C. Daniel Hobbs receives new indemnification, change-in-control severance (2x salary+ avg bonus), and deferred comp (30% of avg 5-yr salary for 180 months) agreements.
Net income $23.9M vs $47.2M in Q3; diluted EPS $0.19 vs $0.37; adjusted diluted EPS $0.40.
Simmons First National CAO Stephen Massanelli to retire Jan 1, 2025
Stephen C. Massanelli (68), SEVP and Chief Administrative Officer, notified retirement effective Jan 1, 2025.
Director W. Scott McGeorge not standing for re-election at 2024 annual meeting
McGeorge (age 80) notified company on Dec. 28, 2023 he will not seek re-election.
Simmons First National amends bylaws and code of ethics; governance updates
Board adopted amended bylaws clarifying ability to designate principal office, postpone shareholder meetings, and hold meetings via remote communication.
Simmons First National names Daniel Hobbs CFO effective December 4, 2023
Hobbs appointed EVP & CFO of Simmons First National Corp. and Simmons Bank.
Simmons Q3 net income $47.2M ($0.37 EPS); revenue down 17% YoY; Better Bank savings achieved early
Net income $47.2M vs $58.3M Q2 and $80.6M Q3 2022; adjusted EPS $0.39.
Simmons First National reaches separation with former EVP/Chief Banking Officer Reddin, $1M lump sum
Reddin receives $1,000,000 lump sum (less taxes) plus continued health benefits via COBRA; effective termination July 5, 2023.
Simmons First National Q2 net income $58.3M, EPS $0.46; adjusted EPS $0.48
Net income $58.3M ($0.46 diluted EPS); adjusted earnings $61.1M ($0.48 adjusted EPS).
Simmons First National EVP and Chief Banking Officer Matthew Reddin departs effective July 5, 2023
Matthew Reddin's employment with Simmons First National and Simmons Bank ended July 5, 2023.
Simmons First National corrects Q1 23 net income; reports EPS $0.36, adjusted EPS $0.37
Net income $45.6M, diluted EPS $0.36; adjusted net income $47.3M, adjusted diluted EPS $0.37.
Simmons First National Q1 net income $45.6M, EPS $0.36; NII down on deposit cost pressure
Net income $45.6M ($0.36 diluted EPS) vs Q4 $83.3M ($0.65) and Q1 2022 $65.1M ($0.58).
Simmons First board adopts annual say-on-pay votes after shareholder vote
Shareholders voted 80.1M for 1-year frequency, 7.6M for 3-year, 0.5M for 2-year.
Simmons First National shareholders approve 2023 equity plan authorizing 3.8M new shares
Shareholders approved the 2023 Stock and Incentive Plan, effective April 18, 2023, replacing the 2015 plan; up to 3.8M shares authorized.
Simmons First National appoints Makris executive chairman with $1M salary, deferred comp amended
George A. Makris, Jr. appointed executive chairman; receives $1M base salary + $12k annual stipend.
Simmons First National discloses CEO and CFO compensation packages for new roles
CEO Fehlman base salary $750k, annual stipend $12k, equity target 135% of base (up to 150% of target).
Simmons First National posts record Q4 net income of $83.3M; EPS $0.65, dividend raised 5%
Q4 net income $83.3M ($0.65 diluted EPS); adjusted EPS $0.64. Full-year 2022 net income $256.4M.
Simmons First National announces CEO succession: Makris to Executive Chairman, Fehlman new CEO
George Makris Jr., former CEO, becomes full-time Executive Chairman effective Jan 1, 2023.
Simmons First Q3 2022 EPS $0.63, revenue $236.6M up 5% QoQ; adjusted EPS $0.64
Net income $80.6M ($0.63 diluted EPS); adjusted EPS $0.64.
Simmons Q2 EPS $0.21; adjusted $0.52; revenue up 20%; NIM expands to 3.24%
Diluted EPS $0.21 vs $0.58 Q1; adjusted EPS $0.52 vs $0.59 Q1. Revenue $225.4M (+20% linked quarter).
Simmons First National awards one-time cash bonuses to four executives for acquisition work
Compensation committee approved $65,000 in total one-time cash awards for four Named Executive Officers.
the Board appointed Christopher J. Van Steenberg (age 54) as the Company’s chief operating officer, effective November 12, 2024
the Company’s board of directors (“Board”) appointed George A. Makris, Jr. (age 68) as chairman and chief executive officer of the Company, effective January 1, 2025
Robert A. Fehlman (age 60), the chief executive officer of Simmons First National Corporation (“Company”), provided the Company notice of his decision to resign from his position, effective as of the end of the day December 31, 2024, to focus on personal interests and family medical issues.
On March 13, 2024, Dean O. Bass (age 73), a member of the board of directors ("Board") of Simmons First National Corporation ("Company"), notified the Company that he has decided not to stand for re-election at the Company’s 2024 annual meeting of shareholders.
On February 28, 2024, Jay D. Burchfield (age 77), a member of the board of directors (“Board”) of Simmons First National Corporation (“Company”), notified the Company that he has decided not to stand for re-election at the Company’s 2024 annual meeting of shareholders.
On January 5, 2024, Stephen C. Massanelli (age 68), Senior Executive Vice President and Chief Administrative Officer of Simmons First National Corporation (“Company”), notified the Company that he intends to retire, effective January 1, 2025.
On December 28, 2023, W. Scott McGeorge (age 80), a member of the board of directors (“Board”) of Simmons First National Corporation (“Company”), notified the Company that he has decided not to stand for re-election at the Company’s 2024 annual meeting of shareholders.
will remain President of the Company and the Bank following the effective date of Mr. Hobbs’ appointments
appointed Charles Daniel Hobbs Executive Vice President and Chief Financial Officer of both the Company and the Bank, effective December 4, 2023
On July 26, 2023, Simmons First National Corporation (“Company”) and its wholly-owned subsidiary, Simmons Bank (“Bank”), entered into a Separation Agreement and Release (“Agreement”) with Matthew Reddin, whose employment with the Company and the Bank as Executive Vice President and Chief Banking Officer ended effective July 5, 2023
Effective July 5, 2023, Matthew Reddin’s employment with Simmons First National Corporation and its wholly-owned subsidiary, Simmons Bank, ended.
In addition, pursuant to the compensation arrangement approved by the board of directors of the Company (“Board”) on January 20, 2023, in connection with Mr. Makris’s appointment as the Company’s executive chairman and chairman of the Board
Max materiality 0.90 · Median 0.62 · Most common event earnings