South Plains Financial ( (SPFI) ) has released its Q3 earnings. Here is a breakdown of the information South Plains Financial presented to its investors.
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South Plains Financial, Inc., a bank holding company for City Bank, operates primarily in Texas and New Mexico, offering a wide range of commercial and consumer financial services. In its third quarter of 2025, South Plains Financial reported a net income of $16.3 million, marking an increase from both the previous quarter and the same quarter last year. The company’s diluted earnings per share rose to $0.96, reflecting strong earnings growth. The average cost of deposits decreased, and the net interest margin remained stable, indicating efficient financial management. Key financial metrics showed improvement, with a return on average assets of 1.47% and a tangible book value per share of $28.14. The company also reported a healthy capital position with a total risk-based capital ratio of 17.34%. Looking ahead, South Plains Financial aims to accelerate asset growth through organic expansion and potential mergers and acquisitions, supported by a robust lending platform and strategic investments in technology.