South Plains Q2 net income $19M, EPS $0.96; dividend raised 6%; CEO to retire

SOUTH PLAINS FINANCIAL, INC.

Net income $19.0M ($0.96 diluted EPS) vs $14.6M ($0.86) in Q2 2025; net interest income $50.3M.
Completed BOH acquisition on April 1, 2026; added $685M assets, $632M loans, $596M deposits.
CEO Curtis Griffith to retire at year-end; President Cory Newsom to succeed as CEO.
Quarterly dividend raised 6% to $0.18/share, payable Aug 10 to holders of record July 27.
Tangible book value per share $29.57; NIM 4.00%; nonperforming assets 0.19% of total assets.

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