Headquartered in Lubbock, TX Fiscal year ends December NASDAQ: SPFI spfi.bank
South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state-chartered bank. City Bank is one of the largest independent banks in West Texas, with additional banking operations in Dallas, El Paso, Greater Houston, the Permian Basin, College Station, Texas, and Ruidoso, New Mexico. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals, with principal activities including commercial and retail banking, investment, trust, and mortgage services. Following the 2026 acquisition of BOH Holdings (Bank of Houston), the company has significantly expanded its presence in the Houston metropolitan area, creating a more diversified Texas franchise with total assets exceeding $5.4 billion. The company operates 26 branches and serves markets with strong economic drivers including oil and gas production in the Permian Basin, healthcare and education in Lubbock, and diversified industries across the Dallas-Fort Worth and Houston metros. Updated
The finished Bank of Houston integration is already paying off: net interest income climbed to $51.5 million from $43.0 million a year ago. Management also raised the quarterly dividend to $0.19 and handed the CEO role to Cory Newsom at year-end.
South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state-chartered bank. City Bank is one of the largest independent banks in West Texas, with additional banking operations in Dallas, El Paso, Greater Houston, the Permian Basin, College Station, Texas, and Ruidoso, New Mexico.
The Wall Street consensus 12-month price target for SPFI is $50.50.