South Plains Financial Q2 FY26 net income rises to $19 million; diluted EPS climbs to $0.96

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Reuters2026/07/17 10:25

By:Reuters

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South Plains Financial posted Q2 2026 net income of $19 million, up 30.58% from $14.6 million a year earlier; diluted EPS rose 11.63% to $0.96.
Net interest income climbed 18.35% to $50.35 million; tax-equivalent net interest margin narrowed 7 basis points to 4%.
Noninterest income increased 16.27% to $14.14 million; noninterest expense rose 18.84% to $39.86 million, including about $1.1 million of acquisition-related costs.
Loans held for investment were $3.77 billion at June 30, 2026; deposits totaled $4.64 billion, with noninterest-bearing balances at $1.15 billion.
Completed the BOH Holdings/Bank of Houston merger effective April 1, 2026; CEO Curtis Griffith plans to retire at year-end with President Cory Newsom set to lead.

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 GlobeNewswire (Ref. ID: 202607170625PRIMZONEFULLFEED9763755) on July 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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South Plains Financial Q2 FY26 net income rises to $19 million; diluted EPS climbs to $0.96

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