South Plains Financial, Inc. reported second quarter 2026 net income of $19.0 million, up from $14.5 million in the first quarter of 2026. Diluted earnings per share rose to $0.96 from $0.85 in the prior quarter. The company's net interest margin was 4.00% on a tax-equivalent basis. Total deposits grew to $4.64 billion as of June 30, 2026, driven largely by the recent acquisition of BOH Holdings, Inc. The company also declared a quarterly cash dividend of $0.18 per share, a 6% increase from the previous quarter. South Plains Financial, Inc. is a bank holding company providing commercial and retail banking services.

On June 17, 2026, South Plains Financial announced that Chairman and CEO Curtis C. Griffith will retire as CEO effective December 31, 2026, transitioning to an advisory role and remaining Chairman of the Board. Cory T. Newsom, current President, is appointed CEO effective January 1, 2027. Under a Retirement and Consultancy Agreement, Griffith will receive severance including two times his base salary and target bonus, a monthly consultancy fee of $11,458.34, and a $125,000 RSU grant. Additionally, the company will repurchase 300,000 shares from Griffith by June 30, 2026, at the prior day's closing market price. The company also terminated a 2019 Board Representation Agreement with Henry TAW LP, as the shareholder's ownership fell below 10%. The company operates in the financial services industry as a bank holding company.