Simmons First National Corp. - Ordinary Shares - Class A

NASDAQ:SFNC   3:59:59 PM EDT
29.82
+1.10 (+3.83%)
Debt Financing / Related, Earnings Announcements, Mergers / Acquisitions

Simmons First National Corp And Spirit Of Texas Bancshares Announce Intent To Merge

Published: 11/19/2021 13:12 GMT
Simmons First National Corp. - Ordinary Shares - Class A (SFNC) - Press Release - Simmons First National Corporation and Spirit of Texas Bancshares, Inc. Announce Intent to Merge.
Spirit of Texas Bancshares Inc - Deal Consisting of a Mixture of Cash and Simmons' Common Stock With an Aggregate Value of Approximately $581 Million.
Spirit of Texas Bancshares Inc - Simmons Will Issue About 18.33 Million Shares.
Spirit of Texas Bancshares Inc - Proposed Transaction is Estimated to Be Accretive to Simmons' EPS by About $0.22 per Share.
Spirit of Texas Bancshares - Simmons Expects to Achieve Cost Savings of About 35% of Spirit's Noninterest Expense Base, With About 50% Achieved in 2022, 100% Thereafter.
Revenue is expected to be $203.98 Million
Adjusted EPS is expected to be $0.50

Next Quarter Revenue Guidance is expected to be $200.22 Million
Next Quarter EPS Guidance is expected to be $0.49

More details on our Analysts Page.