For Q1 FY2026 ended March 31, 2026, South Plains Financial reported net income of $14.5 million, up 18.3% year-over-year. Diluted EPS was $0.85, an 18.1% increase. Cash stood at $722.0 million and equity at $504.9 million.
•Net income of $14.5M, up 18.3% YoY
•Diluted EPS of $0.85, up 18.1% YoY
•Cash of $722.0M and equity of $504.9M
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
South Plains Financial is a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits traditional trust products and services. Its portfolio also includes debit and credit cards, and retirement services and products
Including real estate administration, family trust administration, revocable and irrevocable trusts, charitable trusts for individuals and corporations, self-directed individual retirement accounts, simplified employee pensions plans, employee stock ownership plans, defined benefit plans, and profit-sharing plans.
Additionally, it offers investment services, such as self-directed IRAs, money market funds, mutual funds, annuities and tax-deferred annuities, stocks and bonds, investments for non-U.S. residents, treasury bills, treasury notes and bonds, and tax-exempt municipal bonds
Commercial real estate loans. Its portfolio also includes general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans
Loans to goods, services, restaurant and retail, construction, and industries, residential construction loans, 1-4 family residential loans, auto loans, and loans for recreational vehicles or other purposes, and mortgage banking services. Founded in 1941, the company is headquartered in Lubbock, Texas.
South Plains Financial, Inc. is a bank holding company for City Bank, offering a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. Its deposit products include demand deposit accounts, interest-bearing accounts, savings accounts, certificates of deposit, and traditional trust services. The company also provides debit and credit cards, retirement services such as self-directed IRAs, SEP plans, and profit-sharing plans, as well as investment services like money market funds, mutual funds, annuities, stocks, bonds, and treasury securities. On the lending side, it offers commercial real estate loans, agricultural production and real estate loans, energy loans, construction loans, residential mortgages, auto loans, and recreational vehicle loans, along with mortgage banking services.
Where is South Plains Financial (SPFI) listed and in which currency?
South Plains Financial, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol SPFI. All trading and financial reporting are conducted in US Dollars (USD), reflecting its primary operations in the United States. The company's stock is traded on this major US exchange, providing liquidity and visibility to investors.
What sector and industry does South Plains Financial (SPFI) operate in?
South Plains Financial, Inc. operates in the Financial Services sector and is classified under the Banks - Regional industry. As a regional bank, it focuses on serving local communities and businesses in its geographic area, offering traditional banking products and services. This industry includes banks that operate within a specific region rather than nationally, and South Plains Financial's activities align with this model by providing commercial and consumer financial services primarily in Texas and surrounding areas.
Where is South Plains Financial headquartered and what markets does it serve?
South Plains Financial, Inc. is headquartered in Lubbock, Texas, United States. Founded in 1941, the company serves customers primarily in the South Plains region of Texas through its subsidiary, City Bank. Its services are tailored to small and medium-sized businesses and individuals in this area, offering a comprehensive suite of banking, lending, investment, and trust services. The company's long history in the region underscores its deep roots and commitment to the local economy.
How does South Plains Financial (SPFI) generate revenue?
South Plains Financial generates revenue primarily through net interest income from its lending activities and fee-based services. On the lending side, it earns interest from a diverse loan portfolio including commercial real estate, agricultural, energy, construction, residential mortgages, auto, and recreational vehicle loans. Additionally, it generates fee income from deposit account services, trust and retirement account administration, investment services such as brokerage and annuity sales, and mortgage banking activities. The company also earns from debit and credit card interchange fees and other service charges.