Welcome to our dedicated page for South Plains Financial news (Ticker: SPFI), a resource for investors and traders seeking the latest updates and insights on South Plains Financial stock.
South Plains Financial, Inc. reports recurring bank holding company developments for City Bank, its Texas state-chartered banking subsidiary. News from SPFI centers on quarterly operating results, balance-sheet discipline, credit quality, loan growth, cash dividends, and management commentary on community-bank activity in Texas and nearby markets.
The company provides commercial and consumer financial services to small and medium-sized businesses and individuals, including commercial and retail banking, investment, trust, and mortgage services. Coverage also includes completed bank acquisitions, market expansion, community impact reporting, and recognition tied to banking performance and franchise metrics.
South Plains Financial (NASDAQ:SPFI) approved a stock repurchase program authorizing up to $10.0 million of common stock repurchases through Feb 23, 2027. Repurchases may occur via open-market purchases, privately negotiated transactions, or a Rule 10b5-1 trading plan.
The program is discretionary, may be suspended or terminated at any time, and does not obligate the company to repurchase any specific number of shares.
South Plains Financial (NASDAQ:SPFI) announced that its subsidiary City Bank ranked 7th on Forbes' 17th annual list of America’s Best Banks and was named the top bank in Texas. Forbes evaluated the top 200 publicly traded banks using 11 equally weighted metrics through Sept 30, 2025.
The designation recognizes credit quality, profitability, and stock performance across the last twelve months and highlights City Bank's regional standing and employee contributions.
South Plains Financial (NASDAQ:SPFI) reported fourth-quarter and full-year 2025 results on January 26, 2026. Q4 net income was $15.3M and diluted EPS was $0.90. Full year 2025 net income was $58.5M and diluted EPS was $3.44, a 17.8% EPS increase versus 2024. Net interest margin (tax-equivalent) was 4.00% in Q4 and expanded 33 bps year-over-year for 2025. Total assets were $4.48B and deposits were $3.87B at year-end. Tangible book value per share rose to $29.05 (+14% YoY). The company entered a definitive agreement on December 1, 2025 to acquire BOH Holdings and Bank of Houston (BOH had ~$772M assets at 9/30/25). A conference call was scheduled for January 26, 2026 at 5:00 p.m. ET.
South Plains Financial (NASDAQ:SPFI) said its Board declared a quarterly cash dividend of $0.17 per share, a 6% increase from the prior quarterly dividend declared in November 2025. The dividend is payable on February 17, 2026 to shareholders of record at the close of business on February 2, 2026.
This action increases near-term cash returns to shareholders and sets the announced payment and record dates for investors.
South Plains Financial (NASDAQ:SPFI) will release its Q4 2025 results after market close on Monday, January 26, 2026. The company will host a conference call and webcast the same day at 5:00 p.m. ET to discuss results. Investors can dial 1-877-407-9716 (international 1-201-493-6779) about 10 minutes before the call or join the live audio webcast on the company website at https://www.spfi.bank/news-events/events. A telephone and web replay will be available within two hours after the call and remain accessible until February 9, 2026 (telephone replay: 1-844-512-2921; international 1-412-317-6671; replay pin 13757840).
South Plains Financial (NASDAQ: SPFI) entered a definitive all‑stock merger agreement to acquire BOH Holdings for approximately $106 million (P/TBV 1.4x), expected to close between 1Q26 and 2Q26 subject to approvals.
The deal adds ~$772 million in assets, producing pro forma $5.4B assets, $3.8B loans, and $4.6B deposits. Management expects ~25% operating cost savings at BOH with 100% of savings recognized in 2027.
Pro forma capital remains solid at ~10.2% TCE and ~13.9% CET1. KBRA notes a gross credit mark of $7.6M (1.2% of BOH loans) and an interest rate mark of $1.6M amortized over 5 years. Jim Stein will join South Plains and its board.
South Plains Financial (NASDAQ: SPFI) agreed to acquire BOH Holdings in an all-stock merger valued at approximately $105.9 million, creating a pro forma banking franchise with about $5.4 billion in assets, $3.8 billion in loans and $4.6 billion in deposits based on 9/30/2025 balances. BOH reported ~$772 million in assets, $633 million in loans and $629 million in deposits as of 9/30/2025. The deal exchanges 0.1925 SPFI shares per BOH share (≈2.8 million shares issued), implies BOH holders will own ~14.5% of the combined company, and is expected to close in Q2 2026 subject to regulatory and shareholder approvals.
Transaction metrics: 6.8x price to estimated 2027 earnings, 11% EPS accretion in 2027, and tangible book value earnback of less than 3.0 years.
South Plains Financial (NASDAQ:SPFI) reported third quarter 2025 results on October 23, 2025. Net income was $16.3 million and diluted EPS was $0.96. Net interest income was $43.0 million and tax-equivalent net interest margin was 4.05%. Return on average assets was 1.47%.
Loans held for investment were $3.05 billion (down 1.5% sequentially); deposits were $3.88 billion (up 3.8% sequentially and 4.3% YoY). Tangible book value per share (non-GAAP) was $28.14. Capital ratios remained strong: consolidated total risk-based 17.34%, CET1 14.41%, tier 1 leverage 12.37%. Management cited technology investments, planned lending-team expansion up to 20%, and selective M&A discussions.
South Plains Financial (NASDAQ:SPFI) announced a quarterly cash dividend of $0.16 per share. The dividend is payable on November 10, 2025 to shareholders of record at the close of business on October 27, 2025.
South Plains Financial (NASDAQ:SPFI) will release its third quarter 2025 financial results after market close on Thursday, October 23, 2025. The company will host a conference call and live webcast at 5:00 p.m. ET the same day to discuss results. Participants should dial 1-877-407-9716 (international 1-201-493-6779) about 10 minutes before the call. A live audio webcast will be available at https://www.spfi.bank/news-events/events.
A replay will be accessible within two hours after the call via the News & Events tab or by dialing 1-844-512-2921 (international 1-412-317-6671) using PIN 13756126. The replay will be available until November 6, 2025.