South Plains (SPFI) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 12:04 PM CDT 37 min read

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Monday, January 26, 2026 astatine 5 p.m. ET

• Chairman & CEO — Curtis Griffith

• President — Cory Newsom

• Chief Financial Officer — Steven Crockett

• Chief Credit Officer — Brent Bates

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Curtis Griffith: Thank you, Steve, and bully afternoon. I'm precise pleased with the results that we delivered implicit the past 4th and the afloat twelvemonth and would similar to convey our employees for their hard enactment and committedness to City Bank and our customers. Their efforts are the cardinal to our success, and they show each time the civilization that we person developed implicit galore years. At South Plains, our halfway intent is to usage the powerfulness of relationships to assistance radical win and unrecorded better.

I judge that we're present to assistance heighten lives by creating a large spot to enactment assistance radical execute their goals and put generously successful our communities due to the fact that determination is thing much rewarding than helping radical win and unrecorded better. This besides helps america to pull the champion employees, make heavy relationships with our customers and ultimately, present beardown fiscal results for our shareholders. This tin beryllium seen by our achievements for the afloat twelvemonth of 2025, arsenic outlined connected Slide 4 of our presumption wherever we delivered a 17.8% summation successful diluted net per share, indebtedness maturation successful enactment with our guidance, 33 ground points of NIM enlargement arsenic our NIM was 4% for the 4th quarter.

Tangible publication worth per stock maturation of much than 14% to $29.05, and arsenic antecedently announced, we entered into a definitive statement to get BOH Holdings and its banking subsidiary, Bank of Houston. While I americium precise arrogant of our results, I'm adjacent much excited with the opportunities that I spot up arsenic we proceed to execute our strategy to heighten our earnings. It is focused connected expanding our lending squad crossed our high-growth Texas markets arsenic good arsenic pursuing accretive M&A opportunities. Through the past year, we made large strides connected some initiatives, highlighted by our definitive statement announcement successful December to get Bank of Houston.

As highlighted connected leafage -- connected Slide 5, we judge Bank of Houston volition complement our existing Houston squad and bring some meaningful standard and profoundly entrenched lawsuit relationships to South Plains successful 1 of the fastest-growing metropolitan markets successful the country. More importantly, the Bank of Houston team, led by Jim Stein, holds akin values to those that we clasp beloved astatine South Plains, heavy lawsuit relationships, disciplined recognition standards and a genuine absorption connected employees and communities. As we person consistently said connected these calls, uncovering an acquisition spouse with akin civilization and values is simply a indispensable origin to a palmy merger, and I judge we recovered that successful Bank of Houston.