South Plains Q3 2025 net income $16.3M, EPS $0.96; NIM 4.05%, redeemed $50M sub debt

SOUTH PLAINS FINANCIAL, INC.

2025-Q3 EPS reported $2.55

Net income $16.3M ($0.96 diluted EPS) vs $14.6M ($0.86) in Q2 2025 and $11.2M ($0.66) a year ago.
Net interest margin (tax-equivalent) 4.05%, up from 3.65% YoY; avg cost of deposits 210 bps, down 37 bps YoY.
Redeemed $50M in subordinated debt on Sep 30, 2025; no replacement debt issued.
Nonperforming assets / total assets improved to 0.26% from 0.59% a year ago; provision for credit losses $500K.
Tangible book value per share $28.14, up from $25.75 a year ago; return on avg assets 1.47%.

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