Here are the 10-K annual reports from South Plains Financial, Inc. (SPFI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SPFI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPFI filings page.
South Plains Financial, Inc. is a Texas bank holding company for City Bank, one of the largest independent banks in West Texas. As of December 31, 2025, it reported total assets of $4.48 billion, gross loans held for investment of $3.14 billion, total deposits of $3.87 billion and shareholders’ equity of $493.8 million.
The company operates 24 full-service branches and 7 mortgage loan production offices across Lubbock/South Plains, Dallas-Fort Worth, El Paso, Greater Houston, Bryan/College Station, the Permian Basin and Ruidoso, New Mexico. On December 1, 2025, it agreed to acquire BOH Holdings, Inc., with Bank of Houston to merge into City Bank, with closing expected in the second quarter of 2026 subject to regulatory and BOH shareholder approvals.
Mortgage originations totaled $269.3 million in 2025, generating $10.7 million of noninterest income, and the company services $1.8 billion of sold mortgages. Trust assets under management were $435 million with $2.9 million in fee income, while investment services generated $1.7 million on $684.4 million of assets. The bank remained well-capitalized under Basel III and prompt corrective action standards and paid $2.0 million in FDIC insurance premiums in 2025.