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. (NASDAQ: SPFI) is a Texas-based bank holding company for City Bank, a Texas state‑chartered bank headquartered in Lubbock. The company reports that it provides commercial and consumer financial services to small and medium-sized businesses and individuals through commercial and retail banking, as well as investment, trust and mortgage services. This news page aggregates coverage and disclosures related to those activities.
Investors following SPFI news can review company announcements on quarterly and annual financial results, including net income, earnings per share, net interest margin, loan and deposit trends, capital ratios, and asset quality metrics. South Plains regularly issues press releases and files Current Reports on Form 8‑K to furnish earnings releases and slide presentations, and it hosts conference calls and webcasts to discuss its financial performance.
News items also include dividend declarations by the board of directors, details on quarterly cash dividends, and related payment and record dates, as reported in press releases and 8‑K filings. In addition, South Plains has announced corporate actions such as the redemption of subordinated notes and amendments to its bylaws, which are documented in its regulatory filings and public communications.
A significant recent development in SPFI news is the company’s entrance into a definitive merger agreement to acquire BOH Holdings, Inc., the parent company of Bank of Houston, in an all‑stock transaction. Public statements describe this proposed acquisition as a step to deepen South Plains’ commitment to the Houston market and expand its Texas banking franchise, subject to customary approvals and closing conditions.
By monitoring this news feed, readers can track South Plains Financial, Inc.’s reported financial results, capital and dividend actions, strategic transactions, and other material events as disclosed through press releases and SEC filings.
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.
South Plains Financial (NASDAQ:SPFI), the parent company of City Bank, has announced a 7% increase in its quarterly cash dividend. The company will pay a dividend of $0.16 per share of common stock, up from the previous dividend declared in April 2025. The dividend will be paid on August 11, 2025 to shareholders of record as of July 28, 2025.
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