South Plains Financial Completes BOH Merger, Expands Houston Presence

South Plains Financial ( (SPFI) ) has issued an update.

South Plains Financial, Inc. announced that it completed its previously agreed merger with BOH Holdings, Inc. on April 1, 2026, with South Plains surviving as the parent and BOH’s subsidiary, Bank of Houston, merging into City Bank. As of December 31, 2025, BOH brought $744 million in assets, $624 million in loans and $603 million in deposits, expanding South Plains’ presence in the Houston market and deepening its regional footprint.

Under the terms of the deal, each BOH share was converted into 0.1925 shares of South Plains common stock plus cash in lieu of fractional shares, resulting in approximately 2.8 million South Plains shares being issued to BOH shareholders. The transaction, supported by fairness opinions to both boards, is expected to integrate Bank of Houston’s operations into City Bank and strengthen South Plains’ scale and competitive position in Texas community and middle‑market banking.

Following the merger’s effective time, South Plains’ board expanded from six to seven members and appointed former BOH executive James D. Stein as a Class II director, while City Bank’s board appointed him as a Class III director and to its Credit Risk Committee. Stein also entered into a two‑year employment agreement to serve as Houston Market President – BOH at City Bank, aligning leadership continuity with the company’s strategic push in the Greater Houston market.

The most recent analyst rating on (SPFI) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on South Plains Financial stock, see the SPFI Stock Forecast page.

Spark’s Take on SPFI Stock

According to Spark, TipRanks’ AI Analyst, SPFI is a Outperform.

SPFI scores well on fundamentals (profitability and a strengthened balance sheet) and is supported by an attractive valuation. The earnings outlook and recent corporate actions (acquisition progress, buyback, dividend increase) add positives, while mixed technical momentum and near-term NIM/credit/integration headwinds keep the score from ranking higher.

To see Spark’s full report on SPFI stock, click here.

More about South Plains Financial

South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state‑chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and offers commercial and consumer financial services, including commercial and retail banking, as well as investment, trust and mortgage services across multiple Texas markets and Ruidoso, New Mexico.

The company focuses on serving small and medium-sized businesses and individuals in West Texas and other key Texas metros, including Dallas, El Paso, Greater Houston, the Permian Basin and College Station. Its diversified product set positions South Plains as a regional player in community and middle‑market banking, with an emphasis on traditional lending, deposit services and related financial solutions.

Average Trading Volume: 87,417

Technical Sentiment Signal: Buy

Current Market Cap: $684.3M

For an in-depth examination of SPFI stock, go to TipRanks’ Overview page.