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Previous: SEPARATE ACCOUNT A OF EQUITABLE LIFE ASSU SOC OF THE US, 497, 1999-05-21 |
Next: STEPHAN CO, 10-K, 1999-05-21 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Exchange Act of 1934
Date of Report (Date of earliest event reported) May 20, 1999
SIMMONS FIRST NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Arkansas 0-6253 71-0407808
(State or other jurisdiction of (Commission (I.R.S. employer
incorporation or organization) file number) identification No.)
501 Main Street, Pine Bluff, Arkansas 71601
(Address of principal executive offices) (Zip Code)
(870)541-1000
(Registrant's telephone number, including area code)
<PAGE>
ITEM: 5 OTHER EVENTS.
Attached as exhibits hereto are the corrected financial data schedule for
the period ended March 31, 1999 and restated financial data schedules for the
following periods:
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SIMMONS FIRST NATIONAL CORPORATION
Date: May 20, 1999 /s/ J. Thomas May
--------------- ----------------------------------
J. Thomas May, Chairman, President &
Chief Executive Officer
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> MAR-31-1999
<CASH> 52,654
<INT-BEARING-DEPOSITS> 21,432
<FED-FUNDS-SOLD> 61,025
<TRADING-ASSETS> 3,057
<INVESTMENTS-HELD-FOR-SALE> 196,708
<INVESTMENTS-CARRYING> 150,886
<INVESTMENTS-MARKET> 153,416
<LOANS> 947,663
<ALLOWANCE> 15,699
<TOTAL-ASSETS> 1,525,290
<DEPOSITS> 1,264,166
<SHORT-TERM> 912
<LIABILITIES-OTHER> 69,964
<LONG-TERM> 49,526
0
0
<COMMON> 6,521
<OTHER-SE> 134,201
<TOTAL-LIABILITIES-AND-EQUITY> 1,525,290
<INTEREST-LOAN> 21,285
<INTEREST-INVEST> 5,031
<INTEREST-OTHER> 1,302
<INTEREST-TOTAL> 27,618
<INTEREST-DEPOSIT> 11,556
<INTEREST-EXPENSE> 13,336
<INTEREST-INCOME-NET> 14,282
<LOAN-LOSSES> 1,602
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 14,277
<INCOME-PRETAX> 4,772
<INCOME-PRE-EXTRAORDINARY> 3,277
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,277
<EPS-PRIMARY> 0.50
<EPS-DILUTED> 0.50
<YIELD-ACTUAL> 0
<LOANS-NON> 7,739
<LOANS-PAST> 2,853
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 15,918
<CHARGE-OFFS> 2,050
<RECOVERIES> 229
<ALLOWANCE-CLOSE> 15,699
<ALLOWANCE-DOMESTIC> 15,699
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<CASH> 50,139
<INT-BEARING-DEPOSITS> 28,461
<FED-FUNDS-SOLD> 51,240
<TRADING-ASSETS> 78
<INVESTMENTS-HELD-FOR-SALE> 188,883
<INVESTMENTS-CARRYING> 162,711
<INVESTMENTS-MARKET> 165,837
<LOANS> 968,410
<ALLOWANCE> 15,918
<TOTAL-ASSETS> 1,540,472
<DEPOSITS> 1,256,754
<SHORT-TERM> 1,444
<LIABILITIES-OTHER> 95,341
<LONG-TERM> 49,899
0
0
<COMMON> 6,454
<OTHER-SE> 130,580
<TOTAL-LIABILITIES-AND-EQUITY> 1,540,472
<INTEREST-LOAN> 86,249
<INTEREST-INVEST> 21,002
<INTEREST-OTHER> 4,931
<INTEREST-TOTAL> 112,182
<INTEREST-DEPOSIT> 49,779
<INTEREST-EXPENSE> 56,828
<INTEREST-INCOME-NET> 55,354
<LOAN-LOSSES> 8,229
<SECURITIES-GAINS> 50
<EXPENSE-OTHER> 58,597
<INCOME-PRETAX> 20,768
<INCOME-PRE-EXTRAORDINARY> 14,839
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 14,839
<EPS-PRIMARY> 2.30
<EPS-DILUTED> 2.26
<YIELD-ACTUAL> 4.18
<LOANS-NON> 6,133
<LOANS-PAST> 2,957
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 14,179
<CHARGE-OFFS> 7,285
<RECOVERIES> 795
<ALLOWANCE-CLOSE> 15,918
<ALLOWANCE-DOMESTIC> 15,918
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 2,053
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998 JAN-01-1998
<PERIOD-END> SEP-30-1998 JUN-30-1998 MAR-31-1998
<CASH> 38,204 57,169 56,079
<INT-BEARING-DEPOSITS> 4,737 4,464 10,870
<FED-FUNDS-SOLD> 46,920 54,110 104,620
<TRADING-ASSETS> 10,361 42 961
<INVESTMENTS-HELD-FOR-SALE> 171,748 185,338 203,813
<INVESTMENTS-CARRYING> 167,278 170,254 176,767
<INVESTMENTS-MARKET> 170,670 172,380 178,938
<LOANS> 954,298 938,973 898,942
<ALLOWANCE> 16,435 16,483 14,361
<TOTAL-ASSETS> 1,481,316 1,501,541 1,548,086
<DEPOSITS> 1,229,672 1,243,660 1,279,947
<SHORT-TERM> 2,565 5,084 2,824
<LIABILITIES-OTHER> 63,060 68,785 84,222
<LONG-TERM> 51,248 53,103 53,178
0 0 0
0 0 0
<COMMON> 6,453 6,451 6,445
<OTHER-SE> 128,318 124,458 121,470
<TOTAL-LIABILITIES-AND-EQUITY> 1,481,316 1,501,541 1,548,086
<INTEREST-LOAN> 63,975 41,498 20,500
<INTEREST-INVEST> 16,054 10,883 5,406
<INTEREST-OTHER> 3,565 2,622 1,453
<INTEREST-TOTAL> 83,594 55,003 27,359
<INTEREST-DEPOSIT> 37,298 24,750 12,367
<INTEREST-EXPENSE> 42,573 28,304 14,134
<INTEREST-INCOME-NET> 41,021 26,669 13,225
<LOAN-LOSSES> 6,508 5,111 1,268
<SECURITIES-GAINS> 49 49 34
<EXPENSE-OTHER> 44,241 30,129 14,729
<INCOME-PRETAX> 15,789 10,021 4,595
<INCOME-PRE-EXTRAORDINARY> 11,212 7,064 3,242
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 11,212 7,064 3,242
<EPS-PRIMARY> 1.74 1.10 0.50
<EPS-DILUTED> 1.71 1.08 0.49
<YIELD-ACTUAL> 0 0 0
<LOANS-NON> 5,051 6,281 6,301
<LOANS-PAST> 2,606 2,345 2,483
<LOANS-TROUBLED> 0 0 0
<LOANS-PROBLEM> 0 0 0
<ALLOWANCE-OPEN> 14,179 14,179 14,179
<CHARGE-OFFS> 4,820 3,171 1,247
<RECOVERIES> 568 364 161
<ALLOWANCE-CLOSE> 16,435 16,483 14,361
<ALLOWANCE-DOMESTIC> 16,435 16,483 14,361
<ALLOWANCE-FOREIGN> 0 0 0
<ALLOWANCE-UNALLOCATED> 0 0 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 62,341
<INT-BEARING-DEPOSITS> 4,606
<FED-FUNDS-SOLD> 70,815
<TRADING-ASSETS> 449
<INVESTMENTS-HELD-FOR-SALE> 179,173
<INVESTMENTS-CARRYING> 175,658
<INVESTMENTS-MARKET> 177,582
<LOANS> 895,421
<ALLOWANCE> 14,179
<TOTAL-ASSETS> 1,484,710
<DEPOSITS> 1,241,261
<SHORT-TERM> 5,781
<LIABILITIES-OTHER> 58,719
<LONG-TERM> 53,558
0
0
<COMMON> 6,436
<OTHER-SE> 118,955
<TOTAL-LIABILITIES-AND-EQUITY> 1,484,710
<INTEREST-LOAN> 68,038
<INTEREST-INVEST> 18,984
<INTEREST-OTHER> 3,628
<INTEREST-TOTAL> 90,650
<INTEREST-DEPOSIT> 39,597
<INTEREST-EXPENSE> 44,034
<INTEREST-INCOME-NET> 46,616
<LOAN-LOSSES> 5,035
<SECURITIES-GAINS> 14
<EXPENSE-OTHER> 51,353
<INCOME-PRETAX> 18,908
<INCOME-PRE-EXTRAORDINARY> 13,266
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 13,266
<EPS-PRIMARY> 2.06
<EPS-DILUTED> 2.04
<YIELD-ACTUAL> 4.37
<LOANS-NON> 6,264
<LOANS-PAST> 2,261
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 9,370
<CHARGE-OFFS> 4,935
<RECOVERIES> 681
<ALLOWANCE-CLOSE> 14,179
<ALLOWANCE-DOMESTIC> 14,179
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1,959
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1997
<PERIOD-END> SEP-30-1997 JUN-30-1997 MAR-31-1997
<CASH> 56,398 34,389 37,523
<INT-BEARING-DEPOSITS> 4,263 6,012 7,384
<FED-FUNDS-SOLD> 44,310 41,230 42,695
<TRADING-ASSETS> 90 2,426 1,580
<INVESTMENTS-HELD-FOR-SALE> 154,008 150,934 128,333
<INVESTMENTS-CARRYING> 183,172 146,912 150,460
<INVESTMENTS-MARKET> 184,871 148,198 150,191
<LOANS> 895,052 644,105 608,959
<ALLOWANCE> 13,648 9,287 9,264
<TOTAL-ASSETS> 1,430,372 1,084,173 1,041,263
<DEPOSITS> 1,193,342 887,387 876,553
<SHORT-TERM> 17,061 6,832 3,668
<LIABILITIES-OTHER> 44,982 50,722 43,744
<LONG-TERM> 52,120 19,756 1,056
0 0 0
0 0 0
<COMMON> 6,434 6,433 29,286
<OTHER-SE> 116,433 113,043 86,956
<TOTAL-LIABILITIES-AND-EQUITY> 1,430,372 1,084,173 1,041,263
<INTEREST-LOAN> 47,234 28,204 13,730
<INTEREST-INVEST> 13,664 8,663 4,293
<INTEREST-OTHER> 2,210 1,635 830
<INTEREST-TOTAL> 63,108 38,502 18,853
<INTEREST-DEPOSIT> 27,048 16,192 7,918
<INTEREST-EXPENSE> 29,623 17,421 8,490
<INTEREST-INCOME-NET> 33,485 21,081 10,363
<LOAN-LOSSES> 3,109 1,864 839
<SECURITIES-GAINS> 3 1 0
<EXPENSE-OTHER> 36,676 23,494 11,756
<INCOME-PRETAX> 14,310 8,804 4,229
<INCOME-PRE-EXTRAORDINARY> 10,153 6,226 2,993
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 10,153 6,226 2,993
<EPS-PRIMARY> 1.60 0.97 0.47
<EPS-DILUTED> 1.58 0.96 0.46
<YIELD-ACTUAL> 0 0 0
<LOANS-NON> 5,748 2,885 3,550
<LOANS-PAST> 2,759 1,737 1,550
<LOANS-TROUBLED> 0 0 0
<LOANS-PROBLEM> 0 0 0
<ALLOWANCE-OPEN> 9,370 9,370 9,370
<CHARGE-OFFS> 3,393 2,306 1,126
<RECOVERIES> 534 359 181
<ALLOWANCE-CLOSE> 13,648 9,287 9,264
<ALLOWANCE-DOMESTIC> 13,648 9,287 9,264
<ALLOWANCE-FOREIGN> 0 0 0
<ALLOWANCE-UNALLOCATED> 0 0 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 46,122
<INT-BEARING-DEPOSITS> 9,262
<FED-FUNDS-SOLD> 22,200
<TRADING-ASSETS> 1,591
<INVESTMENTS-HELD-FOR-SALE> 127,159
<INVESTMENTS-CARRYING> 150,475
<INVESTMENTS-MARKET> 151,602
<LOANS> 601,184
<ALLOWANCE> 9,370
<TOTAL-ASSETS> 1,029,588
<DEPOSITS> 867,200
<SHORT-TERM> 2,734
<LIABILITIES-OTHER> 43,767
<LONG-TERM> 1,067
0
0
<COMMON> 29,237
<OTHER-SE> 85,583
<TOTAL-LIABILITIES-AND-EQUITY> 1,029,588
<INTEREST-LOAN> 52,942
<INTEREST-INVEST> 15,993
<INTEREST-OTHER> 3,688
<INTEREST-TOTAL> 72,623
<INTEREST-DEPOSIT> 31,236
<INTEREST-EXPENSE> 33,271
<INTEREST-INCOME-NET> 39,352
<LOAN-LOSSES> 2,564
<SECURITIES-GAINS> 278
<EXPENSE-OTHER> 46,430
<INCOME-PRETAX> 16,645
<INCOME-PRE-EXTRAORDINARY> 11,716
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 11,716
<EPS-PRIMARY> 1.82
<EPS-DILUTED> 1.80
<YIELD-ACTUAL> 4.58
<LOANS-NON> 3,181
<LOANS-PAST> 2,333
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 9,347
<CHARGE-OFFS> 3,159
<RECOVERIES> 618
<ALLOWANCE-CLOSE> 9,370
<ALLOWANCE-DOMESTIC> 9,370
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 2,394
</TABLE>
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