SOUTH PLAINS FINANCIAL, INC.
Close on Oct 19, 2026
- Market cap
- $853.80M
- P/E (TTM)
- 11.7
- Dividend yield
- 1.44%
About South Plains Financial
State Commercial Banks, SIC 6022
South Plains Financial, Inc. is a bank holding company that operates through its banking subsidiary, City Bank. The company delivers commercial and retail banking, investment, trust, and mortgage services. Its primary offerings include commercial, real estate, and agricultural loans, as well as demand deposit, savings, and certificate of deposit accounts. Additional services include trust and estate administration, retirement plans, and retail investment products. The company primarily serves consumers and small to medium-sized commercial businesses.
Headquartered in Lubbock, Texas, the company conducts banking activities across Texas and New Mexico. It operates 24 full-service banking branches across seven primary market areas, including Lubbock and the South Plains, Dallas, El Paso, Greater Houston, Bryan and College Station, the Permian Basin, and Ruidoso, New Mexico. In addition, the organization maintains seven loan production offices dedicated to mortgage loan origination across several Texas communities, supported by approximately 603 employees.
Summary of the business section of South Plains Financial's latest annual report, written by StockData.
Company profile
Company
- Legal name
- SOUTH PLAINS FINANCIAL, INC.
- Founded
- 1941
- Headquarters
- Lubbock, TX
- Address
- 5219 City Bank Parkway 79407-3544
- Phone
- (806) 792-7101
- Employees
- 603, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Texas
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, Houston, Texas
Stock & identifiers
- Ticker
- SPFI
- Exchange
- Nasdaq
- IPO date
- May 9, 2019
- Shares outstanding
- 19M, Aug 4, 2026
- Public float
- $442.00M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1163668
- CUSIP
- 83946P107
- ISIN
- US83946P1075
- LEI
- 549300SNEBP48642N493
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Curtis C. Griffith | Chairman and CEO, Director | 1,049,479 |
| Cory T. Newsom | President, Director | 294,858 |
| Mikella D. Newsom | Chief Risk Officer & Secretary | 74,084 |
| Steven B. Crockett | CFO and Treasurer | 122,110 |
| Richard D. Campbell | Director | 1,435,353 |
| James D. Stein | Director | 272,872 |
| Kyle R. Wargo | Director | 14,157 |
| Noe G. Valles | Director | 487,757 |
| LaDana R. Washburn | Director | 2,245 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Cory T. Newsom | $2.27M | $2.33M | $852.93K | $150 | $156 |
| FY2024 Cory T. Newsom | $2.07M | $2.27M | $803.82K | $132 | $121 |
| FY2023 Cory T. Newsom | $2.05M | $1.95M | $1.04M | $108 | $90 |
| FY2022 Cory T. Newsom | $2.08M | $2.06M | $976.53K | $101 | $83 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 603 total employees, which included 545 full-time employees and 58 part-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 1, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 30, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 11, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 26, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 12, 2020 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Nov 13, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 9, 2019 | IPO | Initial public offering priced (424B4 prospectus) |
| May 6, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |