South Plains Financial, Inc.
52W $30.73 – $43.21
South Plains Financial, Inc.
South Plains Financial, Inc. reported solid financial results for fiscal year 2025, ending December 31, 2025. The company achieved net income of $58.5 million, driven by income before income taxes of $74.1 million and an income tax benefit of $15.6 million. Total assets grew to $4.48 billion, supported by a strong loan portfolio of $3.14 billion held for investment and...
South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.