On July 23, 2025, Simmons First National Corporation completed a significant repositioning of its consolidated balance sheet. The company reclassified its held-to-maturity investment securities to available for sale and subsequently sold approximately $3.2 billion of these securities to Morgan Stanley & Co., LLC. The sale was based on fair market value, yielding an aggregate price of approximately $2.4 billion. This transaction resulted in an estimated realized loss of $604 million, which will be recorded in the third quarter of 2025.
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