South Plains Financial (SPFI) reported FY 2025 net income of USD 58.5 million (+17.6%), or USD 3.44 per diluted share, as net interest income rose to USD 167.0 million (+13.5%) and net interest margin improved to 3.98% from 3.65%. Noninterest income was USD 44.9 million (-6.6%), reflecting a decline in mortgage banking activities to USD 10.7 million, while noninterest expense increased to USD 132.6 million (+4.0%) and provision for credit losses was USD 5.2 million. FY 2025 return on average assets was 1.33% and return on average equity was 12.70%. At Dec. 31, 2025, SPFI had total assets of USD 4.48 billion, gross loans held for investment of USD 3.14 billion, and total deposits of USD 3.87 billion; nonperforming assets to total assets was 0.26% and nonperforming loans to total loans held for investment was 0.31%. The company said it entered a reorganization agreement on Dec. 1, 2025 to acquire BOH Holdings, Inc.; as of Dec. 31, 2025 BOH had USD 745.1 million in assets, USD 624.5 million in total gross loans, and USD 603.0 million in deposits, and the transaction is expected to close in Q2 2026 subject to approvals.
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: 0001140361-26-008087), on March 05, 2026, and is solely responsible for the information contained therein.
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