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 total deposits of $3.87 billion. The company generated $77.5 million in net cash from operating activities, while investing activities used $68.2 million primarily for securities purchases and loan originations. Financing activities provided $184.1 million, largely from a net increase in deposits of $253.2 million. The company maintained a solid capital position with total stockholders' equity of $493.8 million. Key business activities included mortgage originations totaling $269.3 million and trust assets under management of approximately $435 million.

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