South Plains Financial Q1 net income $14.5M, EPS $0.85; NIM expands to 4.04%; BOH merger closed

SOUTH PLAINS FINANCIAL, INC.

2026-Q1 EPS reported $0.85

Net income $14.5M ($0.85 diluted EPS) vs $12.3M ($0.72) in Q1 2025; down sequentially from Q4 2025 $0.90 EPS.
Net interest margin (tax-equivalent) 4.04%, up from 3.81% YoY; average deposit cost declined to 1.97%.
Noninterest expense $35.5M includes $1.5M of acquisition-related costs; provision for credit losses $260K, down sharply.
BOH acquisition effective April 1, 2026; BOH had $685M assets, $632M loans, $596M deposits as of Mar 31, 2026.
Tangible book value per share $29.65 (+2.1% QoQ, +13.8% YoY); NPAs/total assets improved to 0.13%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTH PLAINS FINANCIAL, INC. reported first quarter ended March 31, 2026 results: net income $14.5 million, EPS $0.85.

Period: first quarter ended March 31, 2026
Net income: $14.5 million
EPS: $0.85
Result: reported results

Exact text from the filing

Net income for the first quarter of 2026 was $14.5 million, compared to $15.3 million for the fourth quarter of 2025 and $12.3 million for the first quarter of 2025. ● Diluted earnings per share for the first quarter of 2026 was $0.85, compared to $0.90 for the fourth quarter of 2025 and $0.72 for the first quarter of 2025.

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Source: SEC EDGAR

accession 0001140361-26-017459

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