South Plains Financial, Inc.’s board of directors approved a new stock repurchase program authorizing the company to buy back up to $10.0 million of its outstanding common stock. The program runs through February 23, 2027, unless the board terminates or extends it earlier or the authorization is fully used. The company may conduct repurchases via open-market purchases, privately negotiated transactions, and potentially under a Rule 10b5-1 trading plan, with timing and amounts subject to management discretion and market and regulatory conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Plains Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-006370), on February 23, 2026, and is solely responsible for the information contained therein.