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AI brief of an SEC Form 8-K · SOUTH PLAINS FINANCIAL, INC. (SPFI)

South Plains Financial Q2 net income rises to $19.0 million; diluted EPS $0.96

Positive Impact 4 of 5 earnings Written later

South Plains Financial reported second-quarter 2026 net income of $19.0 million, or $0.96 per diluted share, up from $14.5 million and $0.85 in the first quarter and from $14.6 million and $0.86 a year earlier. The results include the Bank of Houston acquisition, completed April 1, 2026, and the company also said CEO Curtis Griffith plans to retire at year-end, with President Cory Newsom expected to lead the company.

Key points

  • Net income was $19.0 million for Q2 2026, versus $14.5 million in Q1 2026 and $14.6 million in Q2 2025.
  • Diluted EPS was $0.96, versus $0.85 in Q1 2026 and $0.86 in Q2 2025; net interest margin was 4.00%, down from 4.04% in Q1 2026.
  • The Bank of Houston merger closed effective April 1, 2026, and total deposits reached $4.64 billion at June 30, 2026.
  • The board declared a quarterly cash dividend of $0.18 per share, payable August 10, 2026 to holders of record on July 27, 2026.

The filing

CompanySOUTH PLAINS FINANCIAL, INC. (SPFI)
Form8-K, current report
Filed with the SECJul 17, 2026, 7:30 AM ET
Accession number0001140361-26-028765

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.