AcquisitionsAug 6, 2026, 05:15 PM
South Plains Financial Completes BOH Holdings Acquisition; Q2 Net Income Up 30%
AI Summary
South Plains Financial, Inc. completed the acquisition of BOH Holdings, Inc. on April 1, 2026, significantly expanding its presence in the Houston market and boosting its asset base. For the second quarter of 2026, the company reported a 30% increase in net income and strong growth across key financial metrics, reflecting the impact of the acquisition and organic growth.
Key Highlights
- Acquired BOH Holdings, Inc. on April 1, 2026, adding $685.0 million in assets.
- Reported Q2 2026 net income of $18.99 million, up 30.04% from Q2 2025.
- Basic EPS for Q2 2026 increased to $0.99, up 10.00% from $0.90 in Q2 2025.
- Total assets grew 20.32% to $5.39 billion as of June 30, 2026, from $4.48 billion.
- Loans held for investment increased 19.94% to $3.77 billion as of June 30, 2026.
- Total deposits rose 19.79% to $4.64 billion as of June 30, 2026.
- Net interest income for Q2 2026 increased 18.46% to $50.35 million.
- Declared cash dividends of $0.17 per share for Q2 2026.
Price Impact
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