SOUTH PLAINS FINANCIAL, INC.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
SPFI$43.08+1.5%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets (Unaudited)
CONSOLIDATED BALANCE SHEETS
| September 30,2026 | December 31,2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $48,735 | $58,318 |
| Interest-bearing deposits in banks | 728,000 | 494,121 |
| Cash and cash equivalents | 776,735 | 552,439 |
| Securities available for sale | 518,347 | 567,540 |
| Loans held for sale ($7,980 and $7,796 at fair value at September 30, 2026 and December 31, 2025, respectively) | 10,451 | 9,993 |
| Loans held for investment | 3,831,138 | 3,144,502 |
| Allowance for credit losses on loans | (52,768) | (45,131) |
| Loans held for investment, net | 3,778,370 | 3,099,371 |
| Accrued interest receivable | 20,711 | 20,931 |
| Premises and equipment, net | 51,154 | 51,563 |
| Bank-owned life insurance | 90,336 | 77,694 |
| Goodwill | 66,592 | 19,315 |
| Intangible assets, net | 5,265 | 1,133 |
| Mortgage servicing rights | 27,616 | 24,041 |
| Deferred tax asset, net | 27,461 | 20,433 |
| Other assets | 37,836 | 36,047 |
| Total assets | $5,410,874 | $4,480,500 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $1,179,107 | $1,023,517 |
| Interest-bearing | 3,481,584 | 2,850,560 |
| Total deposits | 4,660,691 | 3,874,077 |
| Accrued expenses and other liabilities | 66,934 | 52,093 |
| Subordinated debt | 14,100 | 14,100 |
| Junior subordinated deferrable interest debentures | 46,393 | 46,393 |
| Total liabilities | 4,788,118 | 3,986,663 |
| Stockholders’ equity: | ||
| Common stock, $1.00 par value per share, 30,000,000 shares authorized; 18,847,573 and 16,293,577 issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 18,848 | 16,294 |
| Additional paid-in capital | 195,307 | 91,065 |
| Retained earnings | 479,082 | 434,197 |
| Accumulated other comprehensive loss | (70,481) | (47,719) |
| Total stockholders’ equity | 622,756 | 493,837 |
| Total liabilities and stockholders’ equity | $5,410,874 | $4,480,500 |
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