SOUTH PLAINS FINANCIAL, INC.

South Plains Financial, Inc. announced that Curtis Griffith will retire as Chief Executive Officer effective December 31, 2026, but will continue as Chairman of the Board. Cory Newsom, currently President and director, has been appointed to succeed Mr. Griffith as CEO. This transition is part of a long-term succession plan. Additionally, the company will repurchase 300,000 shares of common stock from Mr. Griffith in a private transaction on or before June 30, 2026.

South Plains Financial, Inc. held its 2026 Annual Meeting of Shareholders virtually on May 11, 2026. A quorum was present with 14,766,189 shares represented. Shareholders approved all three proposals, including the election of two Class I directors, the ratification of Forvis Mazars, LLP as the independent registered public accounting firm for 2026, and the non-binding advisory approval of named executive officer compensation.

SOUTH PLAINS FINANCIAL, INC. reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income rose to $14.5 million, up from $12.3 million in the prior year, with basic EPS increasing to $0.89. The company also saw growth in total assets and deposits, reaching $4.65 billion and $4.03 billion respectively. The company is also preparing for the accounting integration of its acquisition of BOH Holdings, Inc.

South Plains Financial, Inc. reported Q1 2026 net income of $14.5 million, or $0.85 diluted EPS, compared to $15.3 million and $0.90 diluted EPS in Q4 2025. The company achieved a net interest margin of 4.04% and saw deposits increase to $4.03 billion. SPFI also announced the successful completion of its merger with BOH Holdings, Inc. and Bank of Houston, effective April 1, 2026, and will host a conference call to discuss results.

South Plains Financial, Inc. announced the declaration of a quarterly cash dividend of $0.17 per share on its outstanding common stock. This dividend is scheduled to be paid on May 11, 2026, to shareholders who are on record as of the close of business on April 27, 2026. This action represents a regular return of capital to the company's shareholders.

South Plains Financial, Inc. announced it will release its first quarter 2026 financial results after market close on Tuesday, April 28, 2026. The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the results. Investors and analysts can participate via dial-in or webcast, with a replay accessible until May 12, 2026.