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. director James D. Stein has filed an insider ownership report on SEC Form 3. The filing identifies Stein as a director of the company and shows no reported purchases, sales, exercises, gifts, or other insider transactions in this submission.
South Plains Financial, Inc. completed its acquisition of BOH Holdings, Inc., merging BOH into South Plains and Bank of Houston into City Bank, effective April 1, 2026. Each BOH share was converted into 0.1925 shares of South Plains common stock, with holders receiving approximately 2.8 million South Plains shares in total.
As of December 31, 2025, BOH reported total assets of $744 million, total loans of $624 million, and total deposits of $603 million. Following the merger, James D. Stein joined the South Plains and City Bank boards and signed a two-year employment agreement as Houston Market President – BOH with a base salary of $350,000 and performance-based bonus opportunity partly in cash and partly in fully vested RSUs.
South Plains Financial, Inc. received all required regulatory approvals and BOH Holdings, Inc. shareholder approval for their previously announced merger, clearing the way to close the transaction. The merger, including the subsequent combination of Bank of Houston into City Bank, is expected to be completed on April 1, 2026, subject to customary closing conditions.
SOUTH PLAINS FINANCIAL, INC. officer Mikella D. Newsom reported routine equity compensation and related tax withholding involving common stock. On March 16, 2026, an indirect acquisition of 358 shares was reported as a grant or award to her spouse, who is also an employee of the company. These shares include restricted stock units that can be settled only in an equal number of common shares and remain subject to vesting and forfeiture conditions.
On March 14, 2026, 184 shares of common stock held indirectly through her spouse were disposed of at $40.74 per share to cover tax obligations by delivering shares. Following these transactions, indirect holdings by her spouse were 24,799 shares, and direct holdings by Newsom were 49,285 shares of common stock.
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.
South Plains Financial, Inc. has authorized a new stock repurchase program for up to $10.0 million of its common shares. The program allows the company to buy back stock through open market purchases or privately negotiated transactions.
The repurchase program runs until February 23, 2027, unless the board ends or extends it earlier or the full $10.0 million is used. Repurchases may be made under Rule 10b-18 and through Rule 10b5-1 trading plans, giving the company flexibility to buy shares even during blackout periods.
South Plains Financial CFO and Treasurer Steven B. Crockett reported equity compensation transactions involving the company’s common stock. On February 18, 2026, he acquired 5,306 shares as a grant or award at $0.00 per share, bringing his direct holdings to 90,894 shares. On February 19, 2026, 582 shares were disposed of at $41.86 per share to cover tax withholding obligations, after which he directly owned 90,312 shares. His reported holdings include restricted stock units that can be settled in an equal number of shares and are subject to vesting and forfeiture conditions.
South Plains Financial Chief Risk Officer & Secretary Mikella D. Newsom reported mixed equity movements in company stock. On February 18, 2026, she acquired 1,605 shares of common stock as a grant or award at $0.00 per share, bringing her direct holdings to 49,285 shares. On February 17, 2026, 612 shares were disposed of at $42.50 per share to cover tax or exercise obligations, leaving 47,680 directly held shares after that transaction. The filing also notes 24,625 shares held indirectly by her spouse, who is an employee of the issuer, and explains that some reported holdings include restricted stock units that settle only in shares and remain subject to vesting and forfeiture conditions.
South Plains Financial insider activity: Bates Brent A, CCO of City Bank, reported two common stock transactions. On February 18, 2026, he acquired 2,283 shares at $0.00 per share as a grant or award, bringing his reported holdings to 13,620 shares. On February 17, 2026, he disposed of 840 shares at $42.50 per share in a tax-withholding disposition, after which his reported holdings were 11,337 shares. The reported holdings include restricted stock units that can only be settled in an equal number of common shares and are subject to vesting and forfeiture conditions.