South Plains Financial Reports Strong Q2 2026 on Back of Bank of Houston Merger — South Plains Financial, Inc.

Event summary

South Plains Financial reported Q2 2026 net income of $19.0M, up from $14.5M in Q1 2026 and $14.6M in Q2 2025.
The company completed the merger with BOH Holdings on April 1, 2026, adding $685M in assets, $631.9M in loans, and $595.6M in deposits.
Net interest income rose to $50.3M in Q2 2026 from $42.9M in Q1 2026, driven by the acquisition.
Noninterest income increased to $14.1M in Q2 2026 from $11.3M in Q1 2026, boosted by mortgage banking and card services revenue.
CEO Curtis Griffith announced his retirement at year-end, with President Cory Newsom set to take over.

The big picture

South Plains Financial's strong Q2 2026 performance highlights the strategic value of its Bank of Houston acquisition, expanding its footprint in key Texas markets. The leadership transition and ongoing integration efforts will be critical as the company navigates a competitive banking landscape and potential shifts in monetary policy.

What we're watching

Integration Challenges: The pace at which South Plains can fully integrate Bank of Houston's operations and customer base will determine the long-term success of the merger.
Leadership Transition: How Cory Newsom's leadership will impact strategic growth initiatives, particularly in high-growth Texas markets.
Interest Rate Sensitivity: Whether South Plains can maintain its net interest margin amid potential changes in the interest rate environment.