Core Viewpoint - South Plains Financial, Inc. reported solid financial results for the second quarter of 2025, characterized by margin expansion, loan growth, and healthy capital levels, positioning the company to capitalize on future opportunities [3][4][6]. Financial Performance - Net interest income for Q2 2025 was $42.5 million, up from $38.5 million in Q1 2025 and $35.9 million in Q2 2024 [4][27]. - Net interest margin increased to 4.07% in Q2 2025, compared to 3.81% in Q1 2025 and 3.63% in Q2 2024 [4][28]. - Interest income rose to $64.1 million in Q2 2025, a $4.2 million increase from Q1 2025, driven by a $3.3 million rise in loan interest income [5][27]. - Net income for Q2 2025 was $14.6 million, compared to $12.3 million in Q1 2025 and $11.1 million in Q2 2024 [6][27]. Loan Portfolio and Deposits - Loans held for investment increased to $3.10 billion as of June 30, 2025, reflecting a 3.0% annualized growth from Q1 2025 [11][27]. - Total deposits were $3.74 billion as of June 30, 2025, a decrease of 1.4% from Q1 2025 but an increase of 3.2% year-over-year [12][27]. Asset Quality - The provision for credit losses in Q2 2025 was $2.5 million, up from $420 thousand in Q1 2025, indicating increased reserves due to credit quality downgrades [13][27]. - The ratio of nonperforming assets to total assets was 0.25% as of June 30, 2025, compared to 0.16% in Q1 2025 [15][27]. Capital Position - Book value per share increased to $27.98 as of June 30, 2025, from $27.33 in Q1 2025 [16][27]. - The total risk-based capital ratio was 18.17% as of June 30, 2025, indicating a strong capital position [6][28].

Core Viewpoint - South Plains Financial, Inc. will release its second quarter 2025 financial results on July 16, 2025, after market close, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be announced after market close on July 16, 2025 [1]. - A conference call and webcast will be held at 5:00 p.m. ET on the same day to discuss the financial results [1]. Group 2: Participation Details - Investors and analysts can participate in the call by dialing 1-877-407-9716 or 1-201-493-6779 for international callers, approximately 10 minutes before the call starts [2]. - A live audio webcast will be available on the Company's website [2]. Group 3: Replay Information - A replay of the conference call will be accessible within two hours after the call concludes, available through the Company's website and by dialing 1-844-512-2921 or 1-412-317-6671 for international callers [3]. - The replay will be available until July 30, 2025, with a pin code of 13754259 for telephone access [3]. Group 4: Company Overview - South Plains Financial, Inc. is the parent company of City Bank, headquartered in Lubbock, Texas, and is one of the largest independent banks in West Texas [4]. - The Company operates in various Texas markets and provides a range of commercial and consumer financial services [4].

Core Viewpoint - South Plains Financial (SPFI) is highlighted as a strong investment opportunity with a Zacks Rank 1 (Strong Buy) and a notable increase in earnings estimates for the second quarter [1]. Financial Metrics - South Plains Financial has a price-to-earnings (P/E) ratio of 11.42, significantly lower than the S&P average of 22.67, indicating strong value characteristics [2]. - The company has experienced a 10.2% increase in the Zacks Consensus Estimate for its second quarter earnings over the last 60 days [1].

Core Viewpoint - South Plains Financial, Inc. will release its first quarter 2025 financial results on April 24, 2025, after market close, followed by a conference call to discuss the results [1] Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be announced after market close on April 24, 2025 [1] - A conference call and webcast will take place at 5:00 p.m. ET on the same day to discuss the financial results [1] Group 2: Participation Details - Investors and analysts can join the call by dialing 1-877-407-9716 or 1-201-493-6779 for international callers, approximately 10 minutes before the call starts [2] - A live audio webcast will be available on the company's website [2] Group 3: Replay Information - A replay of the conference call will be accessible within two hours after the call concludes, available through the company's website and by dialing 1-844-512-2921 or 1-412-317-6671 for international callers [3] - The replay will be available until May 8, 2025, with a pin code of 13752910 for telephone access [3] Group 4: Company Overview - South Plains Financial, Inc. is the parent company of City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas [4] - City Bank is one of the largest independent banks in West Texas, with operations in various Texas markets and Ruidoso, New Mexico [4] - The company offers a wide range of commercial and consumer financial services, including banking, investment, trust, and mortgage services [4]