SOUTH PLAINS FINANCIAL, INC. (SPFI) Form 8-K — Oct 22, 2026
$SPFIForm 8-KItems 2.02, 7.01, 8.01, 9.01Filed Oct 22, 2026, 4:30 PM ET0001140361-26-040519Original filing
South Plains Financial (NASDAQ: SPFI) reported third quarter 2026 net income of $20.8 million, or $1.06 diluted EPS, up from $19.0 million and $0.96 in Q2 2026 and $16.3 million and $0.96 a year ago. Loans held for investment grew 6.3% annualized to $3.83 billion on organic growth, deposits reached $4.66 billion, net interest margin held at 4.00%, and the efficiency ratio improved to 58.12% from 61.59%. The Board also declared a quarterly dividend of $0.19 per share, a 6% increase, payable November 16 to holders of record November 2.
Key figures
- Eps
- 1.06
- Revenue
- $90.2 million (net interest income $51.5M plus noninterest income $13.8M for Q3 2026; total interest income $76.4M)
- Net Income
- $20.8 million
- Total Debt
- $60.5 million (borrowings, subordinated debt and junior subordinated debentures)
- Total Assets
- $5.41 billion
- Cash Position
- $776.7 million
- Shares Outstanding
- 18847573
- Roaa
- 1.53%
- Loans hfi
- $3.83 billion
- Acl to loans
- 1.38%
- Total deposits
- $4.66 billion
- Dividend payable
- November 16, 2026
- Efficiency ratio
- 58.12%
- Dividend per share
- $0.19 (6% increase)
- Net income q2 2026
- $19.0 million
- Net income q3 2025
- $16.3 million
- Net interest margin
- 4.00%
- Cost of deposits bps
- 207
- Diluted eps year ago
- 0.96
- Dividend record date
- November 2, 2026
- Diluted eps prior quarter
- 0.96
- Provision for credit losses
- $830 thousand
- Tangible book value per share
- $29.23
- Organic loan growth annualized
- 6.3%
- Nonperforming assets to total assets
- 0.31%
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