Brett Rabatin

Joseph Yanchunis

Stephen Scouten

Wood Lay

Woody Lay

Joe Yanchunis

- For Q3 2025, South Plains Financial reported **diluted earnings per share of $0.96**, an increase from $0.86 in the linked quarter, primarily due to a reduction in provision for credit losses and increased net interest income.  **[0001163668_2201394_4]**  **Net interest income** was **$43 million**, with a net interest margin (tax-equivalent) of **4.05%**.  **[0001163668_2201394_4]** 
- The company maintained strong capital levels as of September 30, 2025, with a consolidated **Common Equity Tier 1 risk-based capital ratio of 14.41%** and a **Tier 1 leverage ratio of 12.37%**.  **[0001163668_2201394_1]**  **Tangible common equity to tangible assets** stood at **10.25%**, and **tangible book value per share** increased to **$28.14**.  **[0001163668_2201394_5]** 
- **Loans held for investment decreased by $45.5 million** to **$3.05 billion** in Q3 2025, mainly driven by a **$46.5 million decrease in multifamily property loans**.  **[0001163668_2201394_2]**  To counter this, the company is actively recruiting lenders, aiming to grow its lending platform by up to **20%**, and anticipates loan growth to accelerate to a mid to high single-digit rate through 2026.  **[0001163668_2201394_2]** **[0001163668_2201394_3]** 
- The Board of Directors authorized a **$0.16 per share quarterly dividend** and continues to have a share buyback program in place.  **[0001163668_2201394_1]**  Additionally, the company redeemed **$50 million in subordinated debt** at the end of Q3 2025  **[0001163668_2201394_4]**  and is exploring accretive M&A opportunities with potential target banks.  **[0001163668_2201394_1]**

South Plains Financial Reports Q3 2025 Results

- South Plains Financial reported **diluted earnings per share of $0.96** for the third quarter of 2025, an increase from $0.86 in the linked quarter, primarily due to a reduction in provision for credit losses and an increase in net interest income.  **[0001163668_2201359_4]** 
- The company's **net interest income was $43 million** for Q3 2025, with a **net interest margin (NIM) of 4.05%**. Excluding one-time items, the NIM increased by **nine basis points to 3.99%** from the linked quarter.  **[0001163668_2201359_4]** 
- **Deposits grew by $142.2 million to $3.88 billion**, and non-interest-bearing deposits increased by **$50.7 million**, contributing to a **four basis point decline in the cost of deposits to 210 basis points**.  **[0001163668_2201359_4]** 
- As of September 30, 2025, SPFI maintained strong capital with a consolidated common equity Tier 1 risk-based capital ratio of **14.41%** and a Tier 1 leverage ratio of **12.37%**. The Board authorized a **$0.16 per share quarterly dividend**, and the company redeemed **$50 million in subordinated debt**.  **[0001163668_2201359_1]** **[0001163668_2201359_4]** 
- SPFI is focused on accelerating asset growth through organic initiatives, including increasing its lending team by up to **20%** (already over 10% achieved), and exploring accretive M&A opportunities, with expectations for loan growth to accelerate to a **mid to high single-digit rate through 2026**.  **[0001163668_2201359_1]** **[0001163668_2201359_3]** **[0001163668_2201359_6]**

SOUTH PLAINS FINANCIAL (SPFI)