South Plains Financial (SPFI) reported third-quarter 2026 net income of $20.8 million, up from $19.0 million in the prior quarter, with diluted EPS of $1.06. Loans held for investment reached $3.83 billion, growing 6.3% annualized on an organic basis, while the net interest margin held steady at 4.0%. Nonperforming loans rose to 0.40% of total loans from 0.25%, mainly due to loans acquired with Bank of Houston, whose integration is now largely complete. CEO Curtis C. Griffith is scheduled to retire at year-end, with President Cory T. Newsom assuming the CEO role. The bank also announced its 30th consecutive quarterly dividend.
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