Deal Details
Simmons Completes $345.1 Million Follow-On Offering
Summary
Simmons First National Corporation ("Simmons" or the “Company”) (NASDAQ: SFNC), parent company of Simmons Bank, recently completed a public offering of 18,653,000 shares of the Company's Class A common stock, including 2,433,000 shares sold pursuant to full exercise of the underwriters’ option to purchase additional shares, at a price of $18.50 per share, generating gross proceeds of approximately $345.1 million. Simmons intends to use the net proceeds from the offering for general corporate purposes, which may include investments in Simmons Bank to support a potential balance sheet repositioning and continued growth.
Baird served as a co-manager on this transaction.
About
Simmons 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. Simmons is headquartered in Pine Bluff, Arkansas.CONTACT US TO LEARN MORE
- Date
- July 2025
- Company
- Simmons First National Corporation
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Financial Services & Technology
- Target Geography
- North America
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