Short answer
SOUTH PLAINS FINANCIAL, INC. (SPFI) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $63M (up 4.5% year over year) with net income of $15M.
Q1 2026 key financials · XBRL
- Revenue
- $63M
- +4.5% YoY
- Net income
- $15M
- +18.3% YoY
- EPS (diluted)
- $0.85
- +18.1% YoY
Source: XBRL data from the SOUTH PLAINS FINANCIAL, INC. (SPFI) Q1 2026 10-Q on SEC EDGAR. USD.
SOUTH PLAINS FINANCIAL, INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $14.5M vs $12.3M YoY; diluted EPS $0.85 vs $0.72
- Net interest income $42.9M vs $38.5M, up 11.2% YoY; net interest margin 4.04% vs 3.81%
- Best product line mortgage banking income $3.9M vs $2.1M, up 85.4% YoY
- Worst product line other income and fees $562K vs $1.8M, down 69.1% YoY
- BOH acquisition closed April 1, 2026; key headwinds include deposit competition, inflation, recession risk, and integration execution
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Carried-forward risks include unidentified or currently immaterial uncertainties materially harming business or results
- New $10.0 million repurchase program creates regulatory compliance exposure under Exchange Act Rules 10b-18 and 10b5-1
- Repurchases depend on stock price, market conditions, regulatory requirements, and available funds
- Liquidity risk from discretionary share repurchases, with $10,000,000 authorized and no obligation to repurchase shares
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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