)
Overview
<ul>
<li>Texas bank holding company’s Q4 net income fell from Q3 and year-ago</li>
<li>Diluted EPS for Q4 was $0.90, down from Q3 and last year</li>
</ul>
Outlook
<ul>
<li>South Plains expects loan growth to accelerate to mid-to-high single digits in 2026</li>
<li>Company plans to acquire more banks similar in size to BOH Holdings</li>
</ul>
Result Drivers
<ul>
<li>INTEREST INCOME DECLINE - Interest income decreased by $1.1 mln from Q3 2025, mainly due to lower loan interest income and reduced short-term interest rates</li>
<li>MORTGAGE BANKING REVENUE - Noninterest income fell due to a $2.6 mln decrease in mortgage banking revenues, impacted by lower mortgage loan originations and fair value adjustments</li>
<li>INTEREST EXPENSE REDUCTION - Interest expense decreased by $1.0 mln from Q3 2025, driven by lower costs of interest-bearing deposits and subordinated debt redemption</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 EPS $0.90</h3>
Q4 Net $15.3
Income mln
Q4 Net $43 mln
Interest
Income
Q4 $1.8 mln
Credit
Loss
Provisio
n
Q4 Net 4.00%
Interest
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy”, 1 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for South Plains Financial Inc is $44.00, about 7.3% above its January 23 closing price of $40.99</li>
<li>The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

South Plains Financial's Q4 net income declines