Inferra AI / Company / SPFI
South Plains Financial, Inc.
SPFI · Financials
Last earnings Oct 22, 2026
Key results
Net incomequarter
$16.3 million
Third Quarter 2025 Highlights Net income for the third quarter of 2025 was $16.3 million, compared to $14.6 million for the second quarter of 2025 and $11.2 million for the third quarter of 2024.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
EPSquarter
$0.96
Diluted earnings per share for the third quarter of 2025 was $0.96, compared to $0.86 for the second quarter of 2025 and $0.66 for the third quarter of 2024.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Revenuequarter
$1.0 million
The decrease from the second quarter of 2025 was primarily due to a decrease of $1.0 million in mortgage banking revenues, mainly as a result of the change in the fair value adjustment of the mortgage servicing rights assets a write-down of $925 thousand in the third quarter of 2025 compared to a write-down of $156 thousand in the second quarter of 2025 as interest rates that affect the value declined in the third quarter of 2025.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The increase in noninterest income for the third quarter of 2025 as compared to the third quarter of 2024 was primarily due to an increase of $685 thousand in mortgage banking revenues, mainly as a result of the change in the fair value adjustment of the mortgage servicing rights assets a write-down of $925 thousand in the third quarter of 2025 compared to a write-down of $2.1 million in the third quarter of 2024 as interest rates that affect the value declined in the third quarter of 2025.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Dividendquarter
$9.1 million
The change was primarily driven by $13.7 million of net income after dividends paid and by an increase in accumulated other comprehensive income of $9.1 million.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
revenues was mainly due to: A $769 thousand decrease in the MSR FV adjustment as interest rates that effect the value declined in
SEC original ↗South Plains Financial, Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 23, 2025
AI analysis
Q3 2025 · reported Oct 23, 2025
Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Oct 23, 2025 EPS values as stated in the release.
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $16.3 million | $14.6 million | — |
| EPS | $0.96 | $0.86 | — |
| Revenue | $1.0 million | — | — |
| Dividend | $9.1 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Deposits and Borrowings Deposits totaled $3.88 billion as of September 30, 2025, compared to $3.74 billion as of June 30, 2025 and $3.72 billion as of September 30, 2024.
What changed vs last quarter
- Net income (GAAP) +$2M (+11.6%) computed from stated figures
- Diluted EPS (GAAP) +0.10 (+11.6%) computed from stated figures
Event summary
Reports Third Quarter 2025 Financial Results
Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Deposits and Borrowings Deposits totaled $3.88 billion as of September 30, 2025, compared to $3.74 billion as of June 30, 2025 and $3.72 billion as of September 30, 2024.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
On September 30, 2025, the Company redeemed $50 million in subordinated debt.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The subordinated debt was at the end of the initial five-year fixed rate period.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
After the expiration of the fixed rate period, the subordinated debt would have reset quarterly at a higher variable interest rate as well as being subject to a reduction in regulatory capital treatment.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The change was primarily driven by $13.7 million of net income after dividends paid and by an increase in accumulated other comprehensive income of $9.1 million.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
long-term sovereign debt or the impact of uncertain or changing political conditions, including federal government shutdowns and uncertainty regarding United States fiscal debt, deficit and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of the policies of the current U.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Strategy & priorities
Curtis Griffith, South Plains Chairman and Chief Executive Officer, commented, We delivered strong third quarter results highlighted by solid earnings growth as we continued to experience net interest income expansion supported by our low cost, community-based deposit franchise.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
I believe the Bank is firmly positioned to accelerate our asset growth through both organic expansion and accretive M&A opportunities.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
While we have been experiencing higher than normal paydowns which has proved a headwind to loan growth, we expect an acceleration in growth next year aided by the expansion of our lending platform where we expect to further increase our lending team by up to 20%.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The $519 thousand decrease from the second quarter of 2025 was largely the result of a decrease of $581 thousand in professional service expenses related primarily to consulting on technology projects and initiatives.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Risks & headwinds
While we have been experiencing higher than normal paydowns which has proved a headwind to loan growth, we expect an acceleration in growth next year aided by the expansion of our lending platform where we expect to further increase our lending team by up to 20%.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
South Plains cautions that the forward-looking statements in this press release are based largely on South Plains expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond South Plains control.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
long-term sovereign debt or the impact of uncertain or changing political conditions, including federal government shutdowns and uncertainty regarding United States fiscal debt, deficit and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of the policies of the current U.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Additional information regarding these risks and uncertainties to which South Plains business and future financial performance are subject is contained in South Plains most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the SEC, including the sections entitled Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations of such documents, and other documents South Plains files or furnishes with the SEC from time to time, which are available on the SEC s website, www.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which South Plains is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Due to these and other possible uncertainties and risks, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release.
SEC original ↗South Plains Financial, Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Earnings deck slides
6 decks with slide viewSouth Plains Financial, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
South Plains Financial, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
South Plains Financial, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
25 documentsEarnings releases
13 documentsPresentations
9 documents
Transcripts
0 documentsNo transcripts for South Plains Financial, Inc. are held in this edition of the library.
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