South Plains Financial, Inc. (SPFI) SEC Filings & Earnings Calls
EquiReason read 16 South Plains Financial, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — South Plains Financial reported Q3 2026 net income of $20.8M (up from $16.3M YoY), diluted EPS $1.06 (up from $0.96 YoY), NIM stable at 4.00%, ROAA 1.53%, and declared a $0.19 divi.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 810.5M
- P/E TTM
- 13.1
- Dividend yield
- 1.5%
- 52-week
- —
- Next earnings
- 25 Jan, in 93 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
22 Oct 20268-K · 2.02, 7.01, 8.01South Plains Financial reported Q3 2026 net income of $20.8M (up from $16.3M YoY), diluted EPS $1.06 (up from $0.96 YoY), NIM stable at 4.00%, ROAA 1.53%, and declared a $0.19 dividend. Loan growth accelerated to 6.3% annualized.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q3-2026 | $21M | +28% y/y |
| Diluted earnings per share · Q3-2026 | $1.06 | +10% y/y |
| Net interest margin (tax-equivalent) · Q3-2026 | 4.0% | |
| Return on average assets · Q3-2026 | 1.5% | |
| Tangible book value per share · Q3-2026 | $29.23 | +4% y/y |
| Consolidated total risk-based capital ratio · Q3-2026 | 16.6% | |
| Common equity tier 1 risk-based capital ratio · Q3-2026 | 14.2% | |
| Tier 1 leverage ratio · Q3-2026 | 12.4% |
Risks flagged
CEO transition risk as Curtis Griffith retires at year-end
“As I prepare to retire as Chief Executive Officer at the end of this year” · word for word
6 Aug 202610-QSPFI acquired BOH Holdings in an all-stock transaction, adding $685M in assets.acquisitionopen
Figures in the filing · each found in the filing text
| Total deposits · Q2-2026 | $4.64B | +20% y/y |
| Allowance for credit losses on loans · Q2-2026 | $53M | +18% y/y |
| Total stockholders' equity · Q2-2026 | $630M | +28% y/y |
| Net charge-offs · Q2-2026 | $569000.00 | +24% y/y |
| Total loans held for investment · Q2-2026 | $3.77B | |
| Total securities · Q2-2026 | $555M | -2% y/y |
| Weighted average rate on interest-bearing deposits · Q2-2026 | 2.7% | |
| Total capital ratio (consolidated) · Q2-2026 | 16.5% | |
| Tier 1 capital ratio (consolidated) · Q2-2026 | 15.2% | |
| CET1 capital ratio (consolidated) · Q2-2026 | 14.1% |
Risks flagged
Tariff and trade policy uncertainty
“the uncertain impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts” · word for word
Interest rate risk
“the prolonged elevated interest rate environment” · word for word
Inflation risk
“the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation” · word for word
Credit risk from commercial real estate concentration
“high concentrations of loans secured by real estate located in our market areas” · word for word
Integration risk from BOH acquisition
“risks related to the integration of any other acquired businesses, including exposure to potential asset quality and credit quality risks” · word for word
17 Jul 20268-K · 2.02, 7.01, 8.01Declared quarterly cash dividend of $0.18 per share; Q2 net income $19.0M vs $14.6M YoY, diluted EPS $0.96 vs $0.86 YoY, NIM 4.00%, cost of deposits 208 bps; completed BOH merger.open
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $19M | +30% y/y |
| Diluted earnings per share · Q2-2026 | $0.96 | +12% y/y |
| Net interest margin (tax-equivalent) · Q2-2026 | 4.0% | |
| Return on average assets · Q2-2026 | 1.4% | |
| Tangible book value per share · Q2-2026 | $29.57 | +11% y/y |
| Net interest income · Q2-2026 | $50M | +18% y/y |
Risks flagged
Net interest margin compression from acquisition-related deposit costs and competitive pressure.
“NIM declined to 4.00% from 4.07% YoY; deposit costs increased 11bps QoQ due to BOH acquisition.”
17 Jun 20268-K · 1.02, 5.02, 8.01Terminated a material definitive agreement, ending a significant contract; reported the departure of a director or principal officer (CEO/CFO change)open
Risks flagged
CEO transition risk mitigated by planned succession and advisory role for outgoing CEO.
“Griffith to remain Chairman and provide consultancy; Newsom has long tenure and experience.”
5 May 202610-QNet interest income $43M (+11% y/y); Net interest margin 4.04; Net income $14M (+18% y/y)open
Figures in the filing · each found in the filing text
| Net interest income · Q1-2026 | $43M | +11% y/y |
| Net interest margin · Q1-2026 | 4.0% | |
| Net income · Q1-2026 | $15M | +18% y/y |
| Earnings per diluted share · Q1-2026 | $0.85 | +18% y/y |
| Total assets · 2026-03-31 | $4.51B | |
| Total deposits · 2026-03-31 | $4.03B | |
| Average loans · Q1-2026 | $3.13B | +2% y/y |
| Return on average assets (annualized) · Q1-2026 | 1.3% | |
| Return on average equity (annualized) · Q1-2026 | 11.8% | |
| Allowance for credit losses on loans · 2026-03-31 | $45M |
Risks flagged
Tariff and trade policy uncertainty could impact credit quality
“The Company continues to closely monitor credit quality in light of the ongoing economic uncertainty caused by, among other factors, the uncertain impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts” · word for word
Unrealized losses on securities portfolio
“At March 31, 2026, the fair value of the Company’s available for sale securities was $71.1 million lower than the amortized cost.” · word for word
Concentration in public fund deposits
“public funds deposits comprising a relatively high percentage of our deposits” · word for word
28 Apr 20268-K · 2.02, 7.01Net income $14M (+18% y/y); Diluted earnings per share $0.85 (+18% y/y); Net interest margin (tax-equivalent) 4.04earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $15M | +18% y/y |
| Diluted earnings per share · Q1-2026 | $0.85 | +18% y/y |
| Net interest margin (tax-equivalent) · Q1-2026 | 4.0% | |
| Return on average assets · Q1-2026 | 1.3% | |
| Tangible book value per share · Q1-2026 | $29.65 | +14% y/y |
| Net interest income · Q1-2026 | $43M | +11% y/y |
| Average loans · Q1-2026 | $56M | |
| Total assets (BOH) · BOH Holdings · Q1-2026 | $685M | |
| Total loans (BOH) · BOH Holdings · Q1-2026 | $632M | |
| Total deposits (BOH) · BOH Holdings · Q1-2026 | $596M |
Risks flagged
Economic uncertainty as headwind to loan growth
“CEO: 'While the near-term economic environment remains uncertain and a headwind to loan growth'”
6 Apr 2026DEF 14AAnnual proxy statement filed; no material event disclosed.open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $58M | +18% y/y |
| Efficiency Ratio · FY2025 | 60.1% | |
| Nonperforming Assets to Total Assets · FY2025 | 0.3% |
1 Apr 20268-K · 2.01, 5.02, 8.01Completed an acquisition or disposition of significant assets; reported the departure of a director or principal officer (CEO/CFO change)acquisitionopen
Risks flagged
Integration risk from acquisition; new market president appointment may indicate retention strategy.
“Mr. Stein will serve as Houston Market President – BOH for a term of two (2) years” · word for word
23 Mar 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Integration risk from merger
“Merger subject to customary closing conditions”
5 Mar 202610-KNet income $58M (+18% y/y); Earnings per diluted share $3.44 (+18% y/y); Net interest margin 3.98open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $59M | +18% y/y |
| Earnings per diluted share · FY2025 | $3.44 | +18% y/y |
| Net interest margin · FY2025 | 4.0% | |
| Net interest spread · FY2025 | 3.0% | |
| Return on average assets · FY2025 | 1.3% | |
| Return on average equity · FY2025 | 12.7% | |
| Total assets · 2025-12-31 | $4.48B | +6% y/y |
| Total deposits · 2025-12-31 | $3.87B | +7% y/y |
| Loans held for investment · 2025-12-31 | $3.14B | +3% y/y |
| Allowance for credit losses on loans · 2025-12-31 | $45M | +4% y/y |
Risks flagged
Mortgage banking income volatility
“Income from mortgage banking activities decreased $3.5 million, or 24.7%, to $10.7 million for the year ended December 31, 2025 from $14.2 million for the year ended December 31, 2024.” · word for word
Interest rate sensitivity
“The decline in rates was largely attributed to the Federal Open Market Committee ('FOMC') of the Board of Governors of the Federal Reserve dropping their target benchmark interest rate, resulting in federal funds rate decreases of 75 basis points in the last four months of 2025.” · word for word
23 Feb 20268-K · 8.01Stock Repurchase Authorization $10Mopen
Figures in the filing · each found in the filing text
| Stock Repurchase Authorization · FY2026 | $10M |
26 Jan 20268-K · 2.02, 7.01Net income $15M (-7% y/y); Diluted earnings per share $0.90 (-6% y/y); Net interest margin (tax-equivalent) 4; Guidance: Mid-to-high single digit loan growth expected in 2026.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $15M | -7% y/y |
| Diluted earnings per share · Q4-2025 | $0.90 | -6% y/y |
| Net interest margin (tax-equivalent) · Q4-2025 | 4.0% | |
| Return on average assets · Q4-2025 | 1.4% | |
| Tangible book value per share · Q4-2025 | $29.05 | +14% y/y |
| Total risk-based capital ratio · Q4-2025 | 17.3% | |
| Loans held for investment · FY2025 | $89M | +3% y/y |
| Total assets · Q4-2025 | $4.48B | +6% y/y |
| Full year net income · FY2025 | $59M | +18% y/y |
Guidance
Mid-to-high single digit loan growth expected in 2026.
CEO expects loan growth to accelerate to mid-to-high single digit in 2026; NIM expansion; positive outlook.
Risks flagged
Net income declined YoY in Q4 2025; ROA decreased.
“Net income $15.3M Q4 2025 vs $16.5M Q4 2024; ROA 1.36% vs 1.53%.”
22 Jan 20268-K · 8.01Quarterly cash dividend per share $0.17open
Figures in the filing · each found in the filing text
| Quarterly cash dividend per share · Q1-2026 | $0.17 |
1 Dec 20258-K · 1.01, 7.01South Plains Financial announces agreement to acquire BOH Holdings, Inc., deepening commitment to Houston market.being acquiredopen
Risks flagged
Integration risk, regulatory approval risk, and potential shareholder approval risk for the merger.
“the businesses of South Plains and BOH may not be combined successfully, or such combination may take longer to accomplish than expected; regulatory approvals of the proposed transaction may not be obtained; the BOH shareholders may not approve the proposed transaction”
6 Nov 202510-QSouth Plains Financial reported strong Q3 2025 results with net income up 45.5% YoY, net interest margin expanding 40 bps, and nonaccrual loans declining sharply.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q3-2025 | $16M | +46% y/y |
| Net interest margin · Q3-2025 | 4.0% | |
| Total deposits · Q3-2025 | $3.88B | |
| Nonaccrual loans to total loans · Q3-2025 | 0.3% | |
| Allowance for credit losses on loans · Q3-2025 | $44M | |
| EPS diluted · Q3-2025 | $0.96 | +46% y/y |
Risks flagged
Credit risk from commercial real estate
“The increase in net charge-offs in the third quarter of 2025 was primarily the result of a $541 thousand charge-off of a multi-family property loan in the third quarter of 2025” · word for word
Interest rate risk from securities portfolio
“At September 30, 2025, the fair value of the Company’s securities available for sale was $75.0 million lower than the amortized cost” · word for word
South Plains Financial, Inc. — questions
- What did South Plains Financial, Inc. file recently?
- 16 SEC filings in the last 12 months. Latest: 8-K on 2026-10-22 — South Plains Financial reported Q3 2026 net income of $20.8M (up from $16.3M YoY), diluted EPS $1.06 (up from $0.96 YoY), NIM stable at 4.00%, ROAA 1.53%, and declared a $0.19 dividend. Loan growth accelerated to 6.3% annualized.
Every figure on this page comes from South Plains Financial, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.