Simmons First National Corporation Announces Common Stock Repurchase Program
Rhea-AI Summary
Simmons First National Corporation (NASDAQ: SFNC) announced a new $175 million stock repurchase program authorized by its Board of Directors on Feb. 17, 2026. The New Program replaces the prior program that terminated Jan. 31, 2026 and will terminate Jan. 31, 2028 unless ended sooner.
The company may repurchase shares via open-market and privately negotiated transactions, including Rule 10b5-1 plans. Funding is expected from available liquidity, including cash on hand and future cash flow. Repurchases are at management's discretion and the program may be modified, suspended, or discontinued at any time.
Positive
- Authorized $175 million stock repurchase program
- Repurchases permitted through open market and private transactions
- Program allows use of Rule 10b5-1 plans
- Funding expected from cash on hand and future cash flow
- Program replaces prior plan that ended Jan 31, 2026
Negative
- No obligation to repurchase any shares under the program
- Program may be modified, suspended, or discontinued at any time
Key Figures
Market Reality Check
Peers on Argus
SFNC gained 0.47% while close peers showed mixed moves: FIBK up 0.64%, BKU up 0.08%, WSBC down 0.22%, BMA down 1.45%, and FHB flat. This pattern points to stock-specific drivers rather than a sector-wide banks rally.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 02 | Executive appointments | Positive | +1.2% | Leadership changes and new private banking and wealth team additions. |
| Jan 20 | Earnings – Q4 2025 | Positive | +0.2% | Q4 net income, EPS of <b>$0.54</b>, and margin/efficiency improvements. |
| Dec 23 | Earnings date set | Neutral | -0.1% | Announcement of Q4 2025 earnings release date and conference call details. |
| Nov 10 | Dividend declaration | Positive | -0.2% | Quarterly dividend of <b>$0.2125</b> per share with a <b>1%</b> increase. |
| Oct 16 | Earnings – Q3 2025 | Negative | +1.5% | Large reported loss from balance sheet repositioning despite positive adjusted metrics. |
Recent news events, whether earnings, management changes, or dividends, often saw modest single-day price reactions, with a mix of alignment and divergence versus headline tone.
Over the last few months, SFNC has reported several notable developments. Third quarter 2025 results included a large reported loss tied to balance sheet repositioning, followed by improved fourth quarter 2025 earnings with stronger margins and efficiency. The company also maintained its long-standing dividend record, announcing a $0.2125 per share payout and a 1% annual increase. Executive appointments in early 2026 expanded leadership across consumer, wealth, and commercial banking. The new $175 million repurchase program fits into this pattern of capital and franchise optimization while returning cash to shareholders.
Market Pulse Summary
This announcement highlights a new $175 million stock repurchase program replacing the prior authorization and running through January 31, 2028. It complements Simmons’ 116-year dividend record and recent capital actions following balance sheet repositioning and margin improvement. Investors may track actual buyback execution versus the authorized amount, ongoing earnings quality, and capital levels, while also monitoring regional bank sector conditions and future board decisions on capital returns.
Key Terms
stock repurchase program financial
class a common stock financial
rule 10b5-1 programs regulatory
AI-generated analysis. Not financial advice.
Board of Directors authorizes new
Under the New Program, the Company may repurchase shares of its common stock through open market and privately negotiated transactions, including, but not limited to, utilizing Rule 10b5-1 programs, or otherwise. The timing, pricing, and amount of any repurchases under the New 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 Company's common stock, corporate considerations, the Company's working capital and investment requirements, general market and economic conditions, and legal requirements. The New Program does not obligate the Company to repurchase any common stock and may be modified, discontinued, or suspended at any time without prior notice. The Company anticipates funding for the New Program to come from available sources of liquidity, including cash on hand and future cash flow. The New Program will terminate on January 31, 2028 (unless terminated sooner).
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 116 consecutive years. Its principal subsidiary, Simmons Bank, operates more than 220 branches in
Forward-Looking Statements
Some of the statements in this news release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, profitability, and stock repurchase program. Any forward-looking statement speaks only as of the date of this news release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this news release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, credit quality, interest rates, loan demand, deposit flows, the assumptions used in making the forward-looking statements, the securities markets generally and the price of Simmons common stock specifically, could cause actual results to differ materially from those contemplated by the forward-looking statements. Additional factors are included in Simmons First National Corporation's Forms 10-K for the year ended December 31, 2024, and 10-Q for the quarter ended September 30, 2025, which have been filed with, and are available from, the
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SOURCE Simmons First National Corporation
FAQ
What did Simmons First (NASDAQ: SFNC) authorize in the Feb. 17, 2026 repurchase announcement?
How will Simmons First (SFNC) buy back shares under the new $175M program?
What funding sources did Simmons First (SFNC) cite for the $175M buyback?
Does the Simmons First (SFNC) repurchase program guarantee share buybacks?
When does the Simmons First (SFNC) $175M repurchase program expire?
