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) 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.
South Plains Financial (NASDAQ:SPFI) reported strong Q2 2025 financial results with net income of $14.6 million, up from $12.3 million in Q1 2025 and $11.1 million in Q2 2024. The company achieved diluted EPS of $0.86, compared to $0.72 in Q1 2025.
Key highlights include net interest margin improvement to 4.07%, a decrease in average deposit costs to 214 basis points, and return on average assets of 1.34%. The bank's loan portfolio grew to $3.10 billion, while deposits stood at $3.74 billion. Asset quality remained strong with the ratio of nonperforming assets to total assets at 0.25%.
The company maintains healthy capital levels with a total risk-based capital ratio of 18.17% and is actively expanding its lending capabilities, particularly in the Dallas market through the recruitment of experienced commercial lenders.
South Plains Financial (NASDAQ:SPFI), the parent company of City Bank, has scheduled its second quarter 2025 earnings release for Wednesday, July 16, 2025, after market close.
The company will host a conference call and webcast at 5:00 p.m. ET on the same day. Investors can join via phone (1-877-407-9716 for domestic, 1-201-493-6779 for international) or through the live webcast on the company's website. A replay will be available until July 30, 2025, through the website or by phone using pin 13754259.
South Plains Financial (NASDAQ:SPFI) reported Q1 2025 financial results with net income of $12.3 million, down from $16.5 million in Q4 2024 but up from $10.9 million in Q1 2024. Diluted EPS was $0.72, compared to $0.96 in Q4 2024 and $0.64 in Q1 2024.
Key metrics include:
- Net interest margin improved to 3.81% from 3.75% in Q4 2024
- Average cost of deposits decreased to 219 basis points from 229 basis points in Q4
- Loans held for investment grew to $3.08 billion, up 2.7% annualized
- Total deposits increased 4.7% to $3.79 billion
- Nonperforming assets to total assets improved to 0.16% from 0.58%
The company repurchased 250,000 shares for $8.3 million during Q1 2025, with approximately $7 million remaining under their share repurchase program.
South Plains Financial (NASDAQ:SPFI), the parent company of City Bank, has announced a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on May 12, 2025 to shareholders of record as of the close of business on April 28, 2025.
South Plains Financial (NASDAQ:SPFI) has scheduled its first quarter 2025 earnings release and conference call. The financial results will be released after market close on Thursday, April 24, 2025, followed by a conference call and webcast at 5:00 p.m. ET.
Investors and analysts can participate by dialing 1-877-407-9716 (international: 1-201-493-6779) approximately 10 minutes before the call. A live webcast will be available on the company's website. The replay will be accessible until May 8, 2025, through the company's website or by dialing 1-844-512-2921 (international: 1-412-317-6671) with pin 13752910.
South Plains Financial (NASDAQ:SPFI) has released its 2024 Community Impact Report, highlighting the company's corporate citizenship initiatives through its subsidiary City Bank.
The report showcases several key achievements:
- Provided over $400 million in loans for small businesses, farms, and community development in 2024
- Employees contributed more than 4,200 volunteer hours across 184 organizations
- Received recognition from South Plains Food Bank as group of the year, supporting over 57,000 individuals annually
- Delivered 1,257 hours of educational content to more than 500 students in Texas and New Mexico markets through EverFi partnership