Simmons First to close 26 branches, take up to $45M hit

SIMMONS FIRST NATIONAL CORP (SFNC) announced a restructuring centered on branch consolidation and broader efficiency initiatives.

Rhea-AI Filing Summary

SIMMONS FIRST NATIONAL CORP (SFNC) announced a restructuring centered on branch consolidation and broader efficiency initiatives. On September 1, 2026, the company decided to close 26 Simmons Bank branches across its six-state footprint, with the closures expected to be effective on December 4, 2026.

The branch closures are expected to affect about 100 associates, and the company anticipates retaining approximately 70% of them in other roles. Related to the closures, Simmons expects aggregate pre-tax expenses of $20–$23 million, of which $4–$5 million are expected to be cash-based, largely recognized in the third quarter of 2026.

More broadly, a set of strategic initiatives to simplify the organization, streamline processes, and increase technology and automation (the “Initiatives”) is expected to result in total pre-tax expenses of $40–$45 million in the third quarter of 2026, including branch-closure costs. Once fully implemented, these Initiatives are expected to increase annual pre-provision net revenue (PPNR) by $37–$42 million, though some of the benefits may be reinvested in future growth. All estimates are subject to assumptions and may differ materially from expectations.

8-K Event Classification

2 items: 2.05, 7.01

2 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Branches to be closed: 26 branches Associates affected: Approximately 100 associates Expected associate retention: Approximately 70% +5 more

8 metrics

Branches to be closed 26 branches Simmons Bank branches across six-state footprint to be closed effective December 4, 2026

Associates affected Approximately 100 associates Employees impacted by branch closures

Expected associate retention Approximately 70% Proportion of impacted associates expected to be retained in other roles

Branch closure pre-tax expenses $20–$23 million Estimated aggregate pre-tax expenses related to branch closures

Branch closure cash expenditures $4–$5 million Estimated cash-based portion of branch closure expenses

Total initiatives pre-tax expenses $40–$45 million Estimated aggregate pre-tax expenses for all initiatives in Q3 2026

Expected annual PPNR impact $37–$42 million Estimated increase in annual pre-provision net revenue once initiatives are fully implemented

Effective date of branch closures December 4, 2026 Date when the 26 branch closures are expected to take effect

Key Terms

pre-provision net revenue, branch network rationalization, organizational optimization, forward-looking statements, +2 more

6 terms

pre-provision net revenue financial

"expected to positively impact annual pre-provision net revenue (“PPNR”)"

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

branch network rationalization financial

"statements regarding the Company’s expense reduction initiatives; organizational optimization efforts; branch network rationalization"

organizational optimization financial

"expense reduction initiatives; organizational optimization efforts; branch network rationalization"

forward-looking statements regulatory

"contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

emerging growth company regulatory

"Emerging growth company    In this"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

What branch closures did SIMMONS FIRST NATIONAL CORP (SFNC) announce?

Simmons First National decided to close 26 Simmons Bank branches across its six-state footprint. The closures are part of a broader retail network review and are expected to be effective on December 4, 2026, with management aiming to limit customer disruption.

How many employees are affected by the SFNC branch closures and how many may be retained?

The branch closures are expected to affect approximately 100 associates. The company anticipates retaining about 70% of those impacted employees through placement in other branch locations or alternative positions within Simmons First National.

What costs will SFNC incur from the branch closures?

In connection with the branch closures, Simmons First National expects aggregate pre-tax expenses of $20–$23 million, including $4–$5 million of cash-based expenditures. The company expects to recognize substantially all of these expenses in the third quarter of 2026.

What are the total restructuring costs SFNC expects from its broader initiatives?

For its broader strategic initiatives, including branch closures, Simmons First National expects aggregate pre-tax expenses of $40–$45 million during the third quarter of 2026, tied to organizational simplification, process streamlining, and increased use of technology and automation.

How much could SFNC’s initiatives increase annual pre-provision net revenue (PPNR)?

Once fully implemented, the initiatives are expected to increase annual pre-provision net revenue (PPNR) by approximately $37–$42 million. The company may reinvest a portion of these anticipated benefits into strategic growth initiatives, depending on market conditions and capital allocation priorities.

When will SFNC recognize most of the expenses related to these initiatives?

Simmons First National expects to recognize substantially all expenses related to the branch closures and the broader initiatives during the third quarter of 2026, although actual outcomes may differ from current estimates.

Are SFNC’s expense and PPNR impact estimates for these initiatives guaranteed?

No. The company states these estimates are based on current assumptions and are subject to risks and uncertainties, so actual charges, timing, and PPNR impacts may differ materially. Additional unanticipated charges or expenses may occur in connection with the initiatives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 04:41 PM Accepted by SEC EDGAR 09/03/2026 - 04:31 PM Learn about SEC filing dates

SIMMONS FIRST NATIONAL CORP false 0000090498 0000090498 2026-09-01 2026-09-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 1, 2026

SIMMONS FIRST NATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Arkansas		0-6253		71-0407808
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

501 Main Street, Pine Bluff, Arkansas				71601
(Address of principal executive offices)				(Zip Code)

(870) 541-1000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.01 per share		SFNC		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05 Costs Associated with Exit or Disposal Activities.

In this Current Report on Form 8-K, unless the context suggests otherwise, the term “Company” refers to Simmons First National Corporation and, where applicable, its direct and indirect subsidiaries, including Simmons Bank.

On September 1, 2026, the Company decided to close 26 Simmons Bank branches across its six-state footprint (“Branch Closures”). The Company’s decision was made as part of a broader review of the Company’s retail network strategy, and the Branch Closures are intended to align Simmons Bank’s branch network with evolving customer preferences while maintaining customer access, preserving service levels, and continuing to provide advice, guidance, and financial solutions through nearby branches and other banking channels. Management believes the Branch Closures can be completed with limited disruption to customers, as there is no significant geographic concentration among the affected locations. The Branch Closures are expected to affect approximately 100 associates. The Company anticipates retaining approximately 70% of the impacted associates through placement in other branch locations or alternative positions within the Company. The Branch Closures are expected to be effective on December 4, 2026.

In connection with the Branch Closures, the Company expects to incur aggregate pre-tax expenses in an estimated range of approximately $20 million to $23 million, comprised of the following estimates:

• Severance and other personnel termination costs between approximately $0.2 million and $0.5 million,

• Professional services fees between approximately $3 million and $3.5 million, and

• Real estate write-downs and lease termination fees between approximately $17 million and $19 million.

Of those estimated expenses, between approximately $4 million and $5 million are expected to be cash-based expenditures. The Company expects to recognize substantially all of these expenses in the third quarter of 2026.

The estimates set forth herein and the timing thereof are subject to a number of assumptions, and actual outcomes may differ materially from what is expressed herein. In connection with the Branch Closures, the Company may incur charges or expenses not included in the above estimates due to unanticipated events or circumstances. See “Forward-Looking Statements” below.

Item 7.01 Regulation FD Disclosure.

During the Company’s July 16, 2026, earnings conference call, management discussed the Company’s focused efforts to improve operating performance and fund ongoing growth investments. During that call, management noted that, while the Company has realized meaningful expense discipline through a series of tactical actions over the past several years, it believes significant untapped potential remains. Management further indicated that the Company’s focus has increasingly shifted toward strategic initiatives designed to structurally transform the operating model by simplifying the organizational structure, streamlining processes, and enhancing the use of technology and automation throughout the business. In furtherance of these objectives, the Company has undertaken a series of actions intended to enhance the long-term outlook for profitability, growth and resiliency.

To date, these actions include (collectively, the “Initiatives”):

• Operating model and organizational redesign and optimization initiatives;

• Branch network strategy and optimization (including the Branch Closures); and

• Other select operating efficiency and expense management improvements.

In connection with the Initiatives, the Company expects to incur during the third quarter of 2026 aggregate pre-tax expenses in an estimated range of $40 million to $45 million, which includes expenses related to the Branch Closures. Once fully implemented, the Initiatives are expected to positively impact annual pre-provision net revenue (“PPNR”) in an estimated range of approximately $37 million to $42 million, although the Company may reinvest a portion of the anticipated benefits into strategic growth initiatives. The timing, scope, and magnitude of any such reinvestments will depend on, among other things, market conditions, business opportunities, talent recruitment, and management’s ongoing assessment of capital allocation priorities.

The estimates set forth herein and the timing thereof are subject to a number of assumptions, and actual outcomes may differ materially from what is expressed herein. In connection with the Initiatives, the Company may incur charges or expenses not included in the above estimates due to unanticipated events or circumstances. See “Forward-Looking Statements” below.

The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “believe,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “will,” “may,” “seek,” “target,” and similar expressions.

Examples of forward-looking statements include, among others, statements regarding the Company’s expense reduction initiatives; organizational optimization efforts; branch network rationalization; expected workforce impacts; anticipated retention of associates; expected annual PPNR impacts; anticipated charges and expenses; timing of the Branch Closures; anticipated technology and process improvements; potential reinvestment of savings into strategic growth initiatives; and the Company’s ability to achieve its long-term financial performance objectives.

Such forward-looking statements are based on management’s current beliefs, expectations, and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s ability to successfully execute its strategic initiatives; employee retention and recruitment challenges; customer attrition associated with the Branch Closures or the Initiatives; changes in economic conditions; competitive pressures; regulatory developments; changes in interest rates; technology implementation risks; higher-than-expected restructuring costs; delays in realizing anticipated savings; the effectiveness of future growth investments; and other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”) (including, among others, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which are available from the SEC on its website, www.sec.gov).

Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly any forward-looking statements, except as required by applicable law.

SIGNATURES

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/ C. Daniel Hobbs
Date: September 3, 2026						C. Daniel Hobbs, Executive Vice President and Chief Financial Officer

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