--- title: "South Plains Financial | 8-K: FY2025 Q4 Revenue: USD 74.36 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/273749117.md" datetime: "2026-01-26T21:33:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273749117.md) - [en](https://longbridge.com/en/news/273749117.md) - [zh-HK](https://longbridge.com/zh-HK/news/273749117.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273749117.md) | [繁體中文](https://longbridge.com/zh-HK/news/273749117.md) # South Plains Financial | 8-K: FY2025 Q4 Revenue: USD 74.36 M Revenue: As of FY2025 Q4, the actual value is USD 74.36 M. EPS: As of FY2025 Q4, the actual value is USD 0.9, beating the estimate of USD 0.8525. EBIT: As of FY2025 Q4, the actual value is USD -22.09 M. ### Fourth Quarter 2025 Financial Highlights - **Net Income**: South Plains Financial, Inc. reported net income of $15.3 million , which was $15,254 thousand . This decreased from $16.3 million in the third quarter of 2025 and $16.5 million in the fourth quarter of 2024 . - **Net Interest Income (NII)**: NII was $43.0 million , or $42,950 thousand , consistent with $43.0 million for the third quarter of 2025 , and an increase from $38.5 million for the fourth quarter of 2024 . - **Net Interest Margin (NIM)**: The NIM was 4.00% . This expanded 25 basis points compared to 3.75% in 4Q’24, driven by a 28 basis points decline in the average cost of deposits . However, it decreased 5 basis points compared to 4.05% in 3Q’25 . - **Noninterest Income**: Noninterest income was $10.9 million , or $10,934 thousand , down from $11.2 million for the third quarter of 2025 and $13.3 million for the fourth quarter of 2024 . The decline was primarily attributed to a $185 thousand decrease in mortgage banking revenues quarter-over-quarter . - **Total Noninterest Expense**: Total noninterest expense was $33.0 million , or $33,023 thousand , unchanged from $33.0 million in the third quarter of 2025 , but increasing from $29.9 million for the fourth quarter of 2024 . This included a $1.0 million decrease in personnel expense offset by a $1.1 million increase in professional service expenses . - **Provision for Credit Losses**: The provision for credit losses was $1.8 million , or $1,775 thousand , compared to $500 thousand in the third quarter of 2025 and $1.2 million in the fourth quarter of 2024 . The increase was largely due to the higher loan balance . - **Return on Average Assets (ROAA)**: ROAA was 1.36% , down from 1.47% in the third quarter of 2025 and 1.53% in the fourth quarter of 2024 . - **Efficiency Ratio**: The efficiency ratio was 61.02% . - **Loans Held for Investment (HFI)**: Loans HFI totaled $3.14 billion , or $3,144,502 thousand . This increased by $91 million, or 3.0%, from the third quarter of 2025 due to organic loan growth in multi-family property, direct energy, and other commercial loans . - **Total Deposits**: Total deposits were $3.87 billion , or $3,874,077 thousand , essentially unchanged from $3.88 billion in the third quarter of 2025 , but an increase of $253.2 million (7.0%) from $3.62 billion at December 31, 2024 . - **Total Assets**: Total assets were $4.48 billion , or $4,480,500 thousand , compared to $4.23 billion at December 31, 2024 . - **Tangible Book Value Per Share**: Tangible book value per share was $29.05 , an increase from $28.14 as of September 30, 2025, and $25.40 as of December 31, 2024 . - **Average Yield on Loans**: The average yield on loans was 6.79% , compared to 6.92% for the third quarter of 2025 . - **Average Cost of Deposits**: The average cost of deposits was 201 basis points , decreasing to 2.01% in 4Q’25 from 2.10% in 3Q’25 . - **Noninterest-Bearing Deposits**: Noninterest-bearing deposits were $1.02 billion , or $1,023,517 thousand , representing 26.4% of total deposits . - **Investment Securities**: Investment securities totaled $567.5 million , or $567,540 thousand , representing 12.7% of total assets, all classified as available for sale . - **Pre-tax, Pre-provision Income**: Pre-tax, pre-provision income for 4Q’25 was $20,861 thousand, compared to $21,160 thousand in 3Q’25 . - **Tangible Common Equity**: Tangible common equity was $473,389 thousand at December 31, 2025 . - **Tangible Assets**: Tangible assets were $4,460,052 thousand at December 31, 2025 . - **Capital Ratios**: Common Equity Tier 1 Ratio was 10.61% , Tier 1 Capital to Average Assets Ratio was 9.47% , and Total Capital to Risk-Weighted Assets Ratio was 13.91% at December 31, 2025 . The consolidated total risk-based capital ratio was 17.26%, the common equity tier 1 risk-based capital ratio was 14.45%, and the tier 1 leverage ratio was 12.53% . - **Nonperforming Assets to Total Assets**: The ratio was 0.26% as of December 31, 2025, consistent with September 30, 2025, and a decrease from 0.58% as of December 31, 2024 . ### Full Year 2025 Financial Highlights - **Net Income**: Full year net income was $58.5 million , or $58,471 thousand , an increase from $49.7 million in 2024 . - **Total Revenues**: Total revenues were $212.8 million . - **Return on Average Assets (ROAA)**: ROAA was 1.33% , up from 1.17% for 2024 . - **Efficiency Ratio**: The efficiency ratio was 62.32% . - **Organic Loan Growth**: Organic loan growth was 2.9% , with Loans held for investment growing by $89.4 million, or 2.9%, during 2025 . - **Tangible Book Value Per Share**: Tangible book value per share of $29.05 represented a 14.4% increase from $25.40 at December 31, 2024 . - **Noninterest Income**: Noninterest income was $44.9 million , or $44,889 thousand , compared to $48,072 thousand in 2024 . - **Total Assets**: Total assets were $4.48 billion at December 31, 2025, compared to $4.23 billion at December 31, 2024 . ### Outlook/Guidance South Plains Financial, Inc. expects loan growth to accelerate to a mid-to-high single-digit rate in 2026 . The company plans to continue managing expenses to drive profitability and seeks attractive acquisition targets, believing it has the capacity to acquire another bank of similar size to BOH Holdings, Inc . ### Related Stocks - [South Plains Financial, Inc. (SPFI.US)](https://longbridge.com/en/quote/SPFI.US.md) ## Related News & Research - [Talent Risk Threatens South Plains Financial’s Relationship-Driven Growth Strategy](https://longbridge.com/en/news/278202576.md) - [BUZZ-Piper Sandler upgrades South Plains Financial, sees upside from BOH deal](https://longbridge.com/en/news/277462041.md) - [South Plains Financial (NASDAQ:SPFI) to Repurchase $10.00 million in Shares](https://longbridge.com/en/news/276676543.md) - [South Plains Financial Launches New $10 Million Buyback](https://longbridge.com/en/news/276614783.md) - [South Plains Financial, Inc. Announces Third Quarter 2025 Earnings Call](https://longbridge.com/en/news/260513121.md)