South Plains Financial, Inc. Named One of America’s Best Banks by Forbes
Rhea-AI Summary
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.
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News Market Reaction – SPFI
In the Feb 6 session, SPFI gained 0.77%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 26 | Earnings results | Positive | +0.8% | Reported strong Q4 and full-year 2025 earnings and EPS growth. |
| Jan 22 | Dividend increase | Positive | -3.9% | Announced 6% increase to quarterly cash dividend to shareholders. |
| Jan 13 | Earnings call notice | Neutral | +0.7% | Scheduled Q4 2025 earnings release and conference call details. |
| Dec 04 | Acquisition commentary | Positive | +1.3% | KBRA commented on proposed all‑stock acquisition of BOH Holdings. |
| Dec 01 | Acquisition announced | Positive | -0.5% | Announced agreement to acquire BOH Holdings, expanding Houston footprint. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent fundamentally positive news (earnings, acquisition) typically saw modest positive moves, while shareholder-friendly actions like dividend increases have at times coincided with short-term pullbacks.
Over the past few months, South Plains Financial reported strong Q4 and 2025 results with higher EPS and expanding net interest margin, while growing assets and deposits. The company also announced an all‑stock acquisition of BOH Holdings, targeting a larger Houston presence. A cash dividend increase of 6% was declared, alongside regular earnings communications. Today’s Forbes recognition of City Bank as one of America’s best banks, and top in Texas, complements this pattern of operational strength and strategic expansion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUBBOCK, Texas, Feb. 05, 2026 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), announced that it has been named one of the best banks in the country, ranking 7th on Forbes 17th annual list of America’s Best Banks. The designation ranked City Bank as the top bank in Texas.
Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, commented, “We are truly honored to be included on this prestigious list. This ranking reflects the dedication and impact of our employees at every level of our organization. Their commitment strengthens our bank, supports our customers, and enriches the communities we serve. Our people are truly our greatest strength.”
The 200 largest publicly-traded banks and thrifts by assets were eligible for the list. Forbes ranked the top 100 banks based on an analysis of 11 equally-weighted metrics measuring credit quality, profitability, and stock performance from the last twelve months as of September 30, 2025.
About South Plains Financial, Inc.
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust, and mortgage services. Please visit https://www.spfi.bank for more information.
Contact:
Investors
Mikella Newsom, Chief Risk Officer and Secretary
investors@city.bank
(866) 771-3347
Media
Michelle Hougland
mhougland@city.bank
(806) 792-7101, ext. 2270
Source: South Plains Financial, Inc.
