Business
South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2025 Financial Results
LUBBOCK, Texas, Jan. 26, 2026 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2025. Fourth Quarter 2025 Highlights Net income for the fourth quarter of 2025 was $15.3 million, compared to $16.3 million for the third quarter of 2025 and $16.5 million for the fourth quarter of 2024.Diluted earnings per share
About this update from South Plains Financial, Inc.
[{"type":"image","alt":"South Plains Financial, Inc.","displaySize":"","headline":null,"caption":"South Plains Financial, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":43,"url":"https://media.zenfs.com/en/globenewswire.com/95acd5faea28127cd8af70f9da9f6147"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NE5aOUpaIyBH2PYFQMDG2w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/95acd5faea28127cd8af70f9da9f6147","width":300,"height":43}},"lazy":false},{"type":"text","content":"LUBBOCK, Texas, Jan. 26, 2026 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2025.","length":275,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2025 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income for the fourth quarter of 2025 was $15.3 million, compared to $16.3 million for the third quarter of 2025 and $16.5 million for the fourth quarter of 2024.","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per share for the fourth quarter of 2025 was $0.90, compared to $0.96 for the third quarter of 2025 and $0.96 for the fourth quarter of 2024.","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Average cost of deposits for the fourth quarter of 2025 was 201 basis points, compared to 210 basis points for the third quarter of 2025 and 229 basis points for the fourth quarter of 2024.","length":189,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin, on a tax-equivalent basis, was 4.00% for the fourth quarter of 2025, compared to 4.05% for the third quarter of 2025 and 3.75% for the fourth quarter of 2024.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Return on average assets for the fourth quarter of 2025 was 1.36%, compared to 1.47% for the third quarter of 2025 and 1.53% for the fourth quarter of 2024.","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Tangible book value (non-GAAP) per share was $29.05 as of December 31, 2025, compared to $28.14 as of September 30, 2025 and $25.40 as of December 31, 2024.","length":156,"tagName":"p"}]},{"val":[{"...