South Plains Financial Exceeds Expectations with Strong Q2 2026 Results

In a conference call held on July 17, 2026, South Plains Financial, Inc. reported impressive second-quarter results that exceeded expectations. The company's leadership team, led by Chairman and CEO Curtis Griffith, attributed their success to the hard work and dedication of their employees.

South Plains Financial's assets now stand at approximately $5.4 billion, a remarkable achievement considering the bank's humble beginnings as a small-town institution with just $30 million in assets back in 1972. Chairman Griffith proudly recalled his involvement with First State Bank's board of directors since 1972 and his election as chairman in 1984.

Under Curtis' leadership, South Plains Financial has experienced significant growth through organic growth and strategic acquisitions, such as the successful integration of the Bank of Houston. Cory Newsom, who will take over as CEO on January 1st, 2027, has been instrumental in driving this growth strategy with a focus on disciplined loan growth and M&A.

Chairman Griffith expressed confidence in Cory's ability to lead the company through its next stage of growth and create long-term shareholder value. He also emphasized that the leadership transition has been carefully planned for many years, ensuring a seamless handover at year-end.

The company's focus on building strong relationships with customers and communities has enabled it to maintain a leading deposit market share across rural markets, differentiating itself from competitors through its best-in-class service and high-quality products. Chairman Griffith expressed his gratitude to employees for their dedication and commitment to the bank and its customers over the years.

Chairman Griffith also addressed his recent stock sale as part of his estate planning strategy, emphasizing that his family remains significant shareholders of South Plains Financial and confident in the company's outlook.