South Plains Financial releases transcript of Q1 2026 earnings call

• South Plains Financial hosted first-quarter 2026 earnings call on April 28 with CFO Steven Crockett, CEO Curtis Griffith, President Cory Newsom, City Bank Chief Credit Officer Brent Bates.
• Management highlighted completion of Bank of Houston merger on April 1, still targeting 11% earnings accretion in 2027 with tangible book value earnback under three years.
• Integration tracked to plan with core conversion expected in early May, with efforts underway to lower Bank of Houston funding costs by running off brokered deposits and short-term FHLB borrowings as they mature.
• First-quarter diluted EPS was $0.85 versus $0.90 in prior quarter, reflecting $1.5 million in acquisition-related expenses and an $800,000 SBIC investment loss.
• Net interest margin was 4.04% on a tax-equivalent basis, with management aiming to hold profitability near current levels while guiding to full-year loan growth toward low end of mid- to high-single-digit range.

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