Simmons First National Corp Files 8-K on Financial Condition

Ticker: SFNC · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: financial-condition, regulation-fd, bank

TL;DR

**SFNC just dropped an 8-K on financial results, get ready for potential market moves.**

AI Summary

Simmons First National Corporation (SFNC) filed an 8-K on January 24, 2024, reporting an event on January 23, 2024, related to its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the bank's current health and future prospects. For shareholders, this matters because it provides timely information that could influence the stock's price and their investment decisions.

Why It Matters

This filing signals that Simmons First National Corporation is updating the market on its financial performance, which can directly impact investor confidence and stock valuation. Timely financial disclosures are essential for informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial condition, not indicating an immediate adverse event, but rather providing an update.

Analyst Insight

A smart investor would review the full content of the 8-K filing, specifically the detailed 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' sections, once they become available, to understand the specific financial updates and their potential impact on SFNC's valuation.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing by Simmons First National Corporation?

The primary purpose of this 8-K filing, dated January 24, 2024, is to report on 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' for an event that occurred on January 23, 2024, as indicated in the 'ITEM INFORMATION' section.

What is the trading symbol and the exchange where Simmons First National Corporation's common stock is registered?

Simmons First National Corporation's common stock trades under the symbol 'SFNC' and is registered on 'The Nasdaq Global Select Market', as stated under 'Securities registered pursuant to Section 12(b) of the Act'.

What is the state of incorporation for Simmons First National Corporation?

Simmons First National Corporation is incorporated in 'Arkansas', as specified in the 'State or other jurisdiction of incorporation' section of the filing.

What is the par value of Simmons First National Corporation's common stock?

The common stock of Simmons First National Corporation has a 'par value $0.01 per share', as detailed under 'Title of each class' in the 'Securities registered pursuant to Section 12(b) of the Act' section.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on 'January 23, 2024', as indicated by 'Date of Report (Date of earliest event reported)'.

Filing Stats: 815 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-01-24 08:02:05

Key Financial Figures

Filing Documents

02

Item 2.02 Results of Operations and Financial Condition. On January 24, 2024, Simmons First National Corporation ("Company") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information provided pursuant to this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 ("Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01

Item 7.01 Regulation FD Disclosure. On January 24, 2024, the Company issued an investor presentation, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference. The information provided pursuant to this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01

Item 8.01 Other Events. On January 23, 2024, the board of directors of the Company authorized a new stock repurchase program ("Program") under which the Company may repurchase up to $175,000,000 of its Class A common stock ("Common Stock") currently issued and outstanding. The Program will be executed in accordance with Rule 10b-18 under the Exchange Act, and will terminate on January 31, 2026 (unless terminated sooner). The new Program replaces the Company's existing stock repurchase program, which was announced on January 27, 2022. Under the Program, the Company may repurchase shares of its Common Stock through open market and privately negotiated transactions or otherwise (including pursuant to a trading plan in accordance with Exchange Act Rule 10b5-1). The timing, pricing, and amount of any repurchases under the Program will be determined by the Company's management at its discretion based on a variety of factors, including, but not limited to, trading volume and market price of the Common Stock, corporate considerations, the Company's working capital and investment requirements, general market and economic conditions, and legal requirements. The Program does not obligate the Company to repurchase any Common Stock and may be modified, discontinued, or suspended at any time without prior notice.

01

Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits Exhibit 99.1 Press Release dated January 24, 2024 Exhibit 99.2 Investor Presentation issued on January 24, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SIMMONS FIRST NATIONAL CORPORATION /s/ James M. Brogdon Date: January 24, 2024 James M. Brogdon, President

View on Read The Filing