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Simmons First National Corporation announced the closure of 26 Simmons Bank branches across its six-state footprint to…
SFNCSimmons First National Corp
Simmons First National Corporation announced the closure of 26 Simmons Bank branches across its six-state footprint to align with evolving customer preferences. The closures are effective December 4, 2026, affecting approximately 100 associates, with management expecting to retain about 70% through internal placement. The company anticipates aggregate pre-tax restructuring expenses of $20 million to $23 million for the branch closures, including real estate write-downs and lease termination fees. These costs are part of broader strategic initiatives expected to incur total third-quarter 2026 pre-tax expenses of $40 million to $45 million. Management projects these structural changes will positively impact annual pre-provision net revenue by approximately $37 million to $42 million once fully implemented. Simmons First National Corporation operates as a regional bank holding company providing financial services through its subsidiary, Simmons Bank.