South Plains Financial, Inc. filings document the public-company record of a bank holding company for City Bank. Its Form 8-K disclosures cover operating results and financial condition, Regulation FD earnings materials, cash dividend declarations, material events, and the completed acquisition of BOH Holdings and Bank of Houston into South Plains and City Bank.
Proxy materials describe annual meeting voting matters, board and governance procedures, shareholder participation mechanics, and related corporate governance disclosures. Registration and transaction filings document common-stock issuance, capital-structure effects, risk factors, and material agreements associated with bank holding company transactions.
South Plains Financial Inc. insider James Stein filed to sell up to 30,000 shares of common stock through broker Edward Jones on Nasdaq, with a proposed aggregate sale price of $1,335,000.00. The filing lists 19,145,754 shares outstanding of the same class as context.
Stein reports having acquired 378,872 common shares of South Plains Financial Inc. in a merger dated 04/01/2026. Over the prior three months, he reported sales totaling several tranches of common stock on Nasdaq with disclosed share counts and dollar amounts.
South Plains Financial, Inc. insider James Stein filed to potentially sell restricted or control shares under Rule 144. A brokerage account at Edward Jones is listed to sell up to 70,000 shares of common stock, with an aggregate market value of $3,115,000.00, based on an issuer share count of 19,145,754 shares. The shares are indicated for sale on Nasdaq on or after July 28, 2026.
The securities were acquired in connection with a merger dated April 1, 2026, involving 378,872 shares. Over the prior three months, the insider reported open-market sales of common stock: 10,000 shares for $403,777.98 on May 8, 2026, 4,936 shares for $197,733.76 on May 11, 2026, 13,504 shares for $540,268.89 on May 18, 2026, and 1,560 shares for $62,509.55 on May 19, 2026.
South Plains Financial reported net income of $19.0 million for the quarter ended June 30, 2026, with diluted EPS of $0.96. Net interest income rose to $50.3 million and net interest margin was 4.00%, reflecting higher earning assets while holding margin essentially stable.
Results were significantly influenced by the April 1, 2026 acquisition of Bank of Houston, which added about $667 million of interest-earning assets and helped lift loans held for investment to $3.77 billion and deposits to $4.64 billion. Noninterest income increased to $14.1 million on stronger mortgage banking and card revenues, while noninterest expense rose to $39.9 million, including $1.1 million of acquisition-related costs.
Asset quality remained solid, with nonperforming assets at 0.19% of total assets, an allowance for credit losses of 1.41% of loans, and annualized net charge-offs of 0.06%. Capital stayed strong, highlighted by a 10.47% tangible common equity to tangible assets ratio and book value per share of $33.43. The board declared a $0.18 quarterly cash dividend per share, a 6% increase, payable August 10, 2026 to shareholders of record on July 27, 2026.
South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith reported a Form 4 showing a disposition to the issuer of 300,000 shares of common stock at $41.39 per share on June 18, 2026. After this transaction, he directly holds 157,119 shares of common stock. The filing also lists indirect holdings through multiple family trusts, including 435,000 shares held by the CCG Trust and stakes in several 2021 family trusts, as well as 45,360 shares owned by his spouse, some of which he disclaims beneficial ownership except to the extent of any pecuniary interest.
South Plains Financial, Inc. announced a planned leadership transition and governance changes. Chairman and CEO Curtis C. Griffith will retire as Chief Executive Officer effective December 31, 2026, remain Chairman, and continue as a director of the Company and City Bank.
The board appointed Cory T. Newsom, currently President and a long-time executive and director, to become Chief Executive Officer effective upon Griffith’s retirement. Griffith entered into a Retirement and Consultancy Agreement providing severance consistent with a termination without cause, a monthly consultancy fee, accelerated equity vesting, COBRA-related payments, and a $125,000 restricted stock unit grant vesting one year after January 1, 2027.
The Company and Griffith also plan a Stock Repurchase Agreement under which the Company will repurchase 300,000 shares of its common stock from Griffith in a private transaction on or before June 30, 2026 at a price equal to the prior-day closing market price. Separately, the Company terminated a Board Representation Agreement with Henry TAW LP after its ownership fell below 10%, while its designee Richard D. Campbell will continue to serve as Lead Independent Director and is expected to be nominated for re-election in 2029.
South Plains Financial, Inc. director Noe G. Valles reported receiving a grant of 623 shares of Common Stock on May 20, 2026 at a price of $0.00 per share, reflecting a stock award rather than a market purchase. After this compensation-related acquisition, he directly holds 487,757 shares of the company’s common stock.
South Plains Financial director LaDana R. Washburn received a grant of 623 shares of Common Stock on May 20, 2026 as a stock award with no cash price per share. After this acquisition, Washburn directly holds 2,245 shares of South Plains Financial common stock.
South Plains Financial director Kyle R. Wargo received a stock grant. He was awarded 623 shares of South Plains Financial, Inc. common stock on May 20, 2026 as a grant or award with a reported price of $0.00 per share.
After this compensation-related acquisition, his direct ownership increased to 14,157 common shares. This filing reflects an equity award rather than an open-market purchase or sale.
South Plains Financial director Noe G. Valles reported an open-market purchase of 623 shares of Common Stock on May 20, 2026. After this transaction, he directly holds a total of 487,757 shares, indicating a modest increase in his personal stake in the company.
South Plains Financial director Richard D. Campbell received a stock grant and reported his holdings. He was granted 623 shares of common stock as a direct award at no cost, bringing his directly held shares to 10,384. The filing also reports indirect holdings of 1,544,969 shares owned by Henry TAW LP, over which he exercises voting authority under a voting agreement and irrevocable proxy, and 40,000 shares owned by Racham Investment Group LLC (RIG LLC).