Simmons First repurchased 0.7M shares in Q2 2026 at $21.52 average
Bank executed buyback under 2026 program; $161M authorization remains as of quarter-end.
What the filing says
Simmons First National Corporation (NASDAQ: SFNC) repurchased approximately 0.7 million shares of its Class A common stock during the second quarter of 2026 at an average price of $21.52 per share under its 2026 stock repurchase program. The company did not specify the execution mechanism (Rule 10b-18, 10b5-1 plan, or other method) in this filing.
As of June 30, 2026, the company had approximately $161 million remaining in authorization under the 2026 Program. The timing, pricing, and amount of any future repurchases are to be determined by Simmons' management at its discretion, based on factors including market conditions, trading volume, stock price, capital needs, working capital requirements, and legal considerations. The program may be modified, discontinued, or suspended at any time without prior notice.
The Q2 2026 repurchase activity reduced the average diluted share count to 145.3 million shares for the quarter. Simmons' total stockholders' equity stood at $3.5 billion at quarter-end, and the company maintained regulatory capital ratios significantly above "well-capitalized" guidelines.
During the second quarter of 2026, Simmons repurchased approximately 0.7 million shares of its Class A common stock at an average price of $21.52 under its 2026 stock repurchase program (2026 Program). Remaining authorization under the 2026 Program as of June 30, 2026, was approximately $161 million. — SIMMONS FIRST NATIONAL CORP 8-K filing · View on SEC EDGAR →
What this means
Simmons First executed a modest share repurchase in Q2 2026, reducing share count by roughly 0.5% based on the average quarterly diluted shares outstanding (145.3 million). At the $21.52 execution price, the 0.7 million shares cost approximately $15 million, leaving over $161 million in authorization. This level of buyback activity is consistent with disciplined capital management for a regional bank maintaining well-capitalized regulatory ratios while funding organic growth investments and paying 117 consecutive years of cash dividends. The remaining authorization provides flexibility for opportunistic repurchases if market conditions and capital levels remain favorable.
Frequently asked questions
- How many shares did Simmons repurchase in Q2 2026?
- Simmons repurchased approximately 0.7 million shares of Class A common stock at an average price of $21.52 per share during the second quarter of 2026, representing roughly $15 million in total repurchase value.
- How much authorization remains under the 2026 program?
- As of June 30, 2026, approximately $161 million remained available under the 2026 stock repurchase program. This represents the remaining dollar authorization available for future repurchases at management's discretion.
- Is the 2026 repurchase program mandatory?
- No. The 2026 Program does not obligate Simmons to repurchase any shares and may be modified, discontinued, or suspended at any time without prior notice. Repurchase decisions are made by management based on market conditions, capital levels, and other corporate considerations.
- How does this buyback fit with Simmons' capital position?
- Simmons maintained regulatory capital ratios significantly above 'well-capitalized' guidelines at quarter-end, with an equity-to-assets ratio of 14.1% and a CET1 ratio of 11.6%. The modest Q2 repurchase is consistent with returning excess capital while funding organic growth investments and maintaining dividend payments.
- What factors influence future repurchase decisions?
- Management states repurchase timing and pricing will be determined at its discretion based on market conditions, trading volume, Simmons' stock price, capital needs, working capital and investment requirements, and legal considerations. Economic conditions and overall corporate strategy also factor into the decision-making process.
- How did the repurchase affect share count in Q2?
- The 0.7 million share repurchase contributed to maintaining the average diluted share count at 145.3 million for Q2 2026. This modest reduction supports per-share earnings metrics while the company continues to invest in business growth and maintain its dividend history.