Simmons 1St Natl Corp SEC Filings

Simmons First National Corporation agreed to sell $325,000,000 of subordinated notes in an underwritten offering to multiple banks. The securities are described as fixed-to-floating rate subordinated notes due 2028 and were issued under the company's shelf registration, as supplemented by a prospectus supplement dated September 9, 2025. Net proceeds are designated for general corporate purposes, and the offering was led by Keefe, Bruyette & Woods and Morgan Stanley as representatives of the underwriters. The filing references the underwriting agreement and an accompanying press release and interactive cover data.

Simmons First National Corporation is offering fixed-to-floating rate subordinated notes due 2035, with the floating rate expected to be Three-Month Term SOFR plus a spread. The company intends to use proceeds, together with cash on hand if needed, to repay in full the $330 million principal amount of its 2028 Notes on October 1, 2025 and for general corporate purposes. The indenture governing the Notes does not limit the amount of additional indebtedness the company or its subsidiaries may incur.

As of June 30, 2025, on a consolidated basis Simmons reported approximately $23.1 billion of total liabilities, including about $21.8 billion of deposit liabilities, and approximately $366.4 million of outstanding principal and accrued interest of subordinated debentures that rank equally with the Notes (the Spirit Notes component of $37.0 million was redeemed in full on July 31, 2025). The prospectus supplement describes interest calculation conventions for the fixed and floating periods, tax and withholding rules for non-U.S. holders, and other customary terms and risk factors incorporated by reference from Simmons’ SEC filings.

Russell William Teubner, a director of Simmons First National Corp. (SFNC), reported purchases of SFNC common stock on 08/07/2025. The Form 4 shows a direct purchase of 2,000 shares at $18.63 and an indirect purchase held by a SEP-IRA of 9,200 shares at $18.62. After the reported activity the filing lists 20,692 shares beneficially owned directly and 53,220 shares beneficially owned indirectly, with an additional indirect holding of 10,660 shares by an IRA shown on the form.

The filing also explains that since the prior report the reporting person transferred 6,884 shares to an ex-spouse pursuant to a domestic relations order. The Form 4 was submitted by an attorney-in-fact on the reporting person's behalf.

State Street Corporation reports beneficial ownership of 6,076,385 shares of Simmons First National Corp common stock, representing 4.8% of the class. The filing shows no sole voting or dispositive power and discloses shared voting power of 835,752 shares and shared dispositive power of 6,076,385 shares. The statement is filed on a Schedule 13G and includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing control.

The filing also identifies several State Street Global Advisors entities that hold the securities in an advisory capacity, listed as investment adviser affiliates. The disclosure characterizes this holding as passive and does not identify any arrangements intended to influence issuer control.

Simmons First National Corp. (SFNC) posted solid Q2-25 results. Net income rose 34% to $54.8 million and diluted EPS increased to $0.43 from $0.32. The gain was driven by an 11.6% jump in net interest income (NII) to $171.8 million; interest expense fell 18.3% year-over-year, outweighing a 4.3% slide in interest income. Provision for credit losses remained modest at $12.0 million.

Balance-sheet trends were stable. Total assets were $26.7 billion (-1% YTD). Net loans inched up to $16.86 billion, while deposits slipped 0.3% since year-end to $21.8 billion; non-interest-bearing balances held at 20% of total. The allowance for credit losses equals 1.48% of loans. Book value improved to $28.18 per share as equity climbed to $3.55 billion, although accumulated OCI loss widened by $20 million on securities valuations.

Operating efficiency remained tight: non-interest expense fell slightly to $138.6 million, producing a pre-tax margin of 20.2%. Year-to-date operating cash flow was a positive $110 million and the company paid $53.5 million in dividends ($0.2125 per share this quarter).

Key takeaways:

• Earnings momentum despite higher credit provision and flat loan growth.
• Funding costs easing; time deposits still 28% of deposit base.
• Capital strong with CET1 well above regulatory minimums (figure not disclosed in excerpt).

Form 4 filing for Simmons First National Corp. (SFNC) discloses that director Russell William Teubner bought 4,050 common shares on 07/23/2025 at the underwritten offering price of $18.50, an out-of-pocket investment of roughly $74.9 k. The purchase was executed through the issuer’s directed share program tied to the recent public offering.

After the transaction Teubner directly owns 25,576 shares. He also retains 44,020 shares in a SEP-IRA and 10,660 shares in an IRA, bringing his total reported beneficial interest to ~80.3 k shares.

The footnote states that since his prior filing he transferred 9,892 shares from an IRA to an ex-spouse under a domestic relations order; those shares are no longer reported as beneficially owned.