South Plains Financial reports $15.3M Q4 profit ahead of major acquisitions
South Plains Financial reported a net income of $15.3 million in the final quarter of 2025, with diluted earnings per share at $0.90 and a return on average assets of 1.36%. By the end of December, its tangible book value per share (non-GAAP) stood at $29.05. The net interest margin, measured on a tax-equivalent basis, held firm at 4.00%, with the average cost of deposits at 201 basis points. These figures reflect the bank's financial position ahead of its planned expansions. On the same date, South Plains Financial confirmed definitive agreements to acquire BOH Holdings, Inc. and HTLF Bank, both scheduled to complete on December 1, 2025, marking a significant step in the company's growth strategy. The acquisitions will expand South Plains Financial's market presence before the year's end. With a net income of $15.3 million and a tangible book value of $29.05 per share, the company enters the deals on solid financial footing. The fourth-quarter results provide a clear snapshot of its performance leading into the new phase.
