South Plains Financial Q1 net income rises 18.3% to $14.5 million

South Plains Financial

South Plains Financial

SPFI

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  • South Plains Financial posted net income of USD 14.5 million, or USD 0.85 per diluted share, for three months ended March 31, 2026, up 18.7% from prior-year period.
  • Net interest income rose 11.2% to USD 42.9 million, while net interest margin widened 23 basis points to 4.04%.
  • Noninterest income increased 6.3% to USD 11.3 million, while noninterest expense climbed 7.6% to USD 35.5 million, including USD 1.5 million in acquisition-related expenses.
  • Total assets grew 3.7% to USD 4.65 billion, while total deposits increased 4% to USD 4.03 billion.
  • SPFI closed acquisition of BOH Holdings on April 1, 2026 in an all-stock transaction, with BOH reporting USD 685 million in assets, USD 631.9 million in total gross loans, and USD 595.6 million in deposits at March 31, 2026.


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: 0001140361-26-019131), on May 05, 2026, and is solely responsible for the information contained therein.