Simmons First National Corporation Sets Pricing for Its Stock Offering

Simmons First National Corporation Sets Pricing for Stock Offering

On July 22, 2025, Simmons First National Corporation (NASDAQ: SFNC), the parent company of Simmons Bank, announced the pricing of an extensive public offering of its Class A common stock. The company is aiming to raise a total of $300 million by issuing 16,220,000 shares at the price of $18.50 per share.

This financing initiative is not only crucial for the corporation but also symbolizes its ongoing commitment to supporting the growth of Simmons Bank. Additionally, the company has granted its underwriters a 30-day option to purchase up to 2,433,000 additional shares, which will further enhance the proceeds raised during this offering.

Use of Proceeds

Simmons First National Corporation plans to utilize the net proceeds primarily for general corporate purposes. This could entail potential investments in Simmons Bank aimed at strengthening its balance sheet configuration, while also promoting financial growth across its operations.

Underwriting Team

The equity offering is being managed by several well-respected financial institutions. Stephens Inc., Keefe, Bruyette & Woods, a Stifel Company, and Morgan Stanley serve as joint book-running managers for the offering. Raymond James & Associates, Inc. and Robert W. Baird & Co. are also participating as co-managers. Their collective expertise is expected to streamline the offering process effectively.

Anticipated Closing

Subject to customary conditions, the company anticipates completing the offering around July 23, 2025. This timeline is subject to the approval of the respective regulatory bodies and market conditions.

Forward-Looking Statements

In the official announcement, Simmons First National Corporation also included forward-looking statements under the Private Securities Litigation Reform Act of 1995. While the company expresses confidence in the potential success of this offering, it acknowledges inherent risks and uncertainties that could influence actual outcomes. These statements are strategic in guiding potential investors about the nature of their investment, emphasizing the need to carefully review accompanying prospectus documents filed with the SEC.

Company Background

Founded in 1903, Simmons Bank has built a robust reputation over the years, managing over 220 branches across Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. In 2024, Simmons Bank was recognized by prominent media publications, including being named one of America’s Best Regional Banks by Newsweek and being celebrated by U.S. News & World Report as one of the top employers in the South. With a legacy of 116 consecutive years of cash dividends to shareholders, the company promotes a client-centric approach toward banking solutions.

Despite its historic success, Simmons acknowledges the constantly evolving financial landscape, marked by risks such as interest rate changes, economic downturns, and market volatility. As the banking sector continues to face challenges that could impact asset values and operational strategies, Simmons First National Corporation is strategically positioning itself to mitigate these uncertainties through robust capital management and strategic initiatives.

Conclusion

As Simmons First National Corporation embarks on this crucial capital-raising endeavor through their common stock offering, the success of this initiative could pave the way for further growth and investment opportunities for Simmons Bank. Potential investors are urged to contact the respective underwriters for documentation to inform their investment decisions as they consider participating in this offering.

For further information, interested parties can access the prospectus and related documents on the SEC website or directly from the underwriters mentioned.

In conclusion, Simmons First National Corporation is positioning itself not only to strengthen its financial footing but also to enhance services and products for its clientele as it navigates the complexities of the modern financial market.