Simmons First National Corporation Announces Common Stock Repurchase Program
MWN-AI** Summary
Simmons First National Corporation (NASDAQ: SFNC) has announced a new stock repurchase program, approving the buyback of up to $175 million of its Class A common stock. This initiative, authorized by the Board of Directors on February 17, 2026, will replace the previous stock repurchase program that was originally approved in January 2024 and terminated on January 31, 2026.
The new repurchase program allows Simmons to acquire shares through various means, including open market transactions and negotiated deals, leveraging Rule 10b5-1 programs among other methods. Management will have discretion over the timing, pricing, and number of shares repurchased, factoring in trading volume, stock price, corporate needs, working capital, market conditions, and legal criteria. Importantly, the program does not require Simmons to buy back any stock, and it can be modified or suspended without prior notice.
Funding for the repurchase initiative is expected to come from available liquidity, including cash reserves and future cash flows. This program is set to conclude on January 31, 2028, unless it is terminated earlier.
Simmons First National Corporation is a well-established financial holding company with a long history of dividends, having paid cash to shareholders for 116 consecutive years. Its primary subsidiary, Simmons Bank, operates over 220 branches across several states, offering a wide array of financial services. The bank has recently received accolades from Newsweek and Forbes for its performance and workplace environment.
The announcement includes forward-looking statements regarding future growth and profitability, highlighting inherent risks and uncertainties that could affect outcomes. For further information, stakeholders can refer to the company’s filings with the U.S. Securities and Exchange Commission.
MWN-AI** Analysis
Simmons First National Corporation (NASDAQ: SFNC) has announced a new stock repurchase program, authorizing up to $175 million in buybacks. This strategic move comes after the expiration of a previous program and reflects the company's confidence in its financial position and growth trajectory.
A stock repurchase program can be a positive signal to investors, suggesting that the company's management believes the stock is undervalued. By repurchasing shares, Simmons may enhance shareholder value through increased earnings per share (EPS) and potential capital gains. Investors should consider that this program allows for flexibility in execution—shares can be bought back through open market transactions or negotiated deals, optimizing for market conditions.
Financially, Simmons has a solid foundation, supported by a history of consistent cash dividend payments for over 116 years and recent accolades as one of America's Best Regional Banks. Such credentials strengthen investor confidence in the stability and performance of the stock. The funding for the repurchase will primarily come from existing liquidity, indicating prudent capital management practices.
When evaluating Simmons' stock, potential investors should assess broader market conditions and the company’s operational performance, particularly as interest rates and economic fluctuations impact banking dynamics. The repurchase program is set to run until January 31, 2028, offering an extended time frame for management to strategically manage buybacks.
In conclusion, while the stock repurchase initiative is generally seen as a bullish indicator, investors should remain cautious, monitoring market trends and overall economic conditions. It is advisable to analyze SFNC within the context of its competitors and macroeconomic factors before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Board of Directors authorizes new $175 million stock repurchase program
PINE BLUFF, Ark., Feb. 17, 2026 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today announced that its Board of Directors authorized a new stock repurchase program (New Program) under which the Company may repurchase up to $175 million of its Class A common stock currently issued and outstanding. The New Program replaces the stock repurchase program that was originally authorized in January 2024 and that terminated on January 31, 2026.
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 Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026 and by Forbes as one of America's Best-In-State Companies 2026. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
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 U.S. Securities and Exchange Commission.
SOURCE Simmons First National Corporation
FAQ**
How does Simmons First National Corporation SFNC plan to utilize the available liquidity for its new $175 million stock repurchase program while ensuring it meets its working capital and investment requirements?
What specific market conditions does Simmons First National Corporation SFNC consider when determining the timing and pricing of share repurchases under this new program?
Can you elaborate on any potential risks or market factors that Simmons First National Corporation SFNC anticipates could impact the effectiveness of the stock repurchase program before its termination in January 2028?
How does the new stock repurchase program align with Simmons First National Corporation SFNC's long-term growth and profitability objectives as outlined in its recent forward-looking statements?
**MWN-AI FAQ is based on asking OpenAI questions about Simmons First National Corporation (NASDAQ: SFNC).
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