Simmons First National prices $300 million common stock offering

PINE BLUFF, Ark. - Simmons First National Corporation (NASDAQ:SFNC), a $2.53 billion market cap regional bank trading at 15.9 times earnings, has priced a public offering of 16.22 million shares of its Class A common stock at $18.50 per share, raising approximately $300.07 million, according to a press release statement issued Tuesday.

The parent company of Simmons Bank has also granted underwriters a 30-day option to purchase up to an additional 2.43 million shares at the same price.

The banking company intends to use the net proceeds for general corporate purposes, which may include investments in Simmons Bank to support potential balance sheet repositioning and continued growth.

Stephens Inc., Keefe, Bruyette & Woods, and Morgan Stanley are serving as joint book-running managers for the offering, with Raymond James & Associates and Robert W. Baird & Co. acting as co-managers.

The offering is expected to close on or about Wednesday, subject to customary conditions, and is being made through an effective automatic shelf registration statement previously filed with the Securities and Exchange Commission.

Simmons First National Corporation operates more than 220 branches across Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. The financial holding company has paid cash dividends to shareholders for 116 consecutive years, currently offering a 4.23% dividend yield and maintaining a 13-year streak of dividend increases. InvestingPro subscribers can access detailed dividend analysis and 6 additional key insights about SFNC’s financial performance and outlook.

In other recent news, Simmons First National Corporation reported its second-quarter 2025 earnings, with an earnings per share (EPS) of $0.44, surpassing analyst expectations of $0.39. Despite this positive EPS surprise of 12.82%, the company’s revenue slightly missed forecasts, reporting $214.2 million compared to the expected $217.01 million. Additionally, DA Davidson raised its price target for Simmons First National from $19.00 to $21.00, maintaining a Neutral rating, citing stronger-than-expected revenue from spread and fees and lower expenses. In another development, Simmons First National announced a public offering of its Class A common stock, though the number of shares and intended use of proceeds were not disclosed. The offering will be managed by Stephens Inc., Keefe, Bruyette & Woods, and Morgan Stanley, with a portion of shares reserved for sale to executive officers and directors. The company emphasized that these shares are not insured by the Federal Deposit Insurance Corporation. These updates reflect recent developments for the company, highlighting both its financial performance and strategic moves in the market.

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