Business
Simmons First National Corporation Announces Common Stock Repurchase Program
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.
About this update from Simmons First National Corporation
[{"type":"text","content":"Board of Directors authorizes new $175 million stock repurchase program","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"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.","length":480,"tagName":"p"},{"type":"image","alt":"Simmons First National Corporation (PRNewsfoto/Simmons First National Corporation)","displaySize":"","headline":null,"caption":"Simmons First National Corporation (PRNewsfoto/Simmons First National Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/d6a17278816dd41f3ef39b96c912f423"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/P_0BYk8QL5QzAvcE5JYlfg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d6a17278816dd41f3ef39b96c912f423","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/1908945/SFNC_Simmons_First_National_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 fut...