South Plains Financial posted Q2 net income of $19 million, up 30.14% year over year; diluted EPS rose 11.63% to $0.96.
Annualized return on average equity slid 0.88 percentage point to 12.17%; return on average assets climbed 0.1 percentage point to 1.44%.
Net interest income increased 18.5% to $50.3 million, driven by BOH acquisition-related loan and deposit growth.
Provision for credit losses fell 86% to $350,000; noninterest expense rose 18.8% to $39.9 million, including $1.1 million of acquisition-related costs.
Total assets grew 20.3% to $5.39 billion since Dec. 31, 2025; deposits climbed 19.8% to $4.64 billion following the BOH deal.
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