Company: SFNC
Filing Date: 2025-07-23
Form Type: 424B5
Source: 0001193125-25-162761
Chunk: 20

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-07-23
Form: 424B5
Chunk 20
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 pay dividends on our common stock, is limited by Simmons Bank’s obligation to maintain sufficient capital and by other general regulatory restrictions on its dividends, including restrictions imposed by
state laws and regulations.

We may not be able to accomplish our contemplated balance sheet repositioning or may not realize the anticipated benefits of the proposed sale of a portion of our investment securities portfolio, either of which could have a material adverse effect on our results of operations or financial condition.

There can be no assurance that we will be able to sell the portion of our investment securities portfolio that we intend to sell as described
under “Summary — Recent Developments — Contemplated Balance Sheet Repositioning” on the terms we expect or at all. Any sale of investment securities could be impacted by market conditions and will be subject to the terms offered
to us by any prospective purchasers. If we are unable to accomplish the contemplated balance sheet repositioning at all or on the terms we expect, we may not derive the expected benefits to our results of operations and financial condition that we
anticipate as a result of such sales. In addition, the process of attempting to sell these investment securities may divert management’s attention and resources from our core businesses and operations, which could have a material adverse effect
on our operations.

Even if we do accomplish the contemplated balance sheet repositioning on the terms we expect, we nonetheless may not
fully realize the anticipated benefits of such sales. Among other things, we may not be able to use the proceeds of the anticipated sale of securities as intended, and we may not derive the benefits we anticipate from such uses of proceeds. In
addition, the contemplated balance sheet repositioning may not have the expected effects with respect to improving our net interest margin, increasing liquidity for future loan growth and better positioning our portfolio for potential changes in
rates. These and other potential consequences of the contemplated balance sheet repositioning could have an adverse impact on our financial condition or results of operations.

Changes in, or interpretations of, tax rules and regulations or our tax positions may adversely affect our income taxes, financial condition or results of operations.

Significant judgment is required in determining our provision for income taxes. In the ordinary course of our
business, there are many transactions and calculations where the ultimate tax determination is uncertain. We are subject to audit by various tax authorities. In accordance with U.S. GAAP, we recognize income tax benefits, net of required valuation
and uncertain tax position allowances. Although we believe our tax estimates are reasonable, the final determination