Business Context and Reporting Period
Company: Simmons First National Corporation (SFNC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 17, 2026
Event: Authorization of a new stock repurchase program by the Board of Directors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on corporate actions regarding share repurchases.
Material Changes
- New Repurchase Authorization: The Board authorized a new program to repurchase up to $175,000,000 of Class A common stock.
- Program Replacement: This new program replaces the previous authorization from January 2024, which terminated on January 31, 2026.
- Duration: The new program is effective immediately and will terminate on January 31, 2028, unless terminated sooner.
Guidance, Outlook, and Risks
Management Commentary: Repurchases will be executed via open market or privately negotiated transactions, potentially under Rule 10b5-1 trading plans. Timing, pricing, and amounts are at management's discretion based on market conditions, working capital needs, and legal requirements.
Contingencies: The program does not obligate the Company to repurchase any shares and may be modified, discontinued, or suspended at any time without prior notice.
Risks: The filing includes standard forward-looking statement disclaimers. Actual results may differ due to economic conditions, credit quality, interest rates, loan demand, deposit flows, and securities market volatility.
Investor Verification Checklist
- Verify the total remaining authorization amount ($175 million) and the expiration date (January 31, 2028).
- Confirm whether any shares have been repurchased under this new program since the February 17, 2026 announcement.
- Review the most recent 10-Q (ended September 30, 2025) and 10-K (ended December 31, 2024) for underlying liquidity and capital adequacy to support the buyback.
- Monitor future 8-K filings for actual execution of repurchases and any modifications to the program.