South Plains Financial

Q2 FY2026 EarningsQ2 FY2026 beat consensus on the top and bottom lines: revenue $64.5M vs. $63.3B expected, and Diluted EPS $0.96 vs. $0.82 expected. The results were primarily driven by the successful closing of the BOH Holdings, Inc. (BOH) acquisition on April 1, 2026, which added $685M in assets. While EBIT slightly missed consensus due to $1.1M in one-time acquisition costs and higher personnel expenses, net income significantly exceeded expectations due to lower-than-anticipated credit loss provisions ($350k). A subsequent dividend hike to $0.18 per share reflects management's confidence in the post-merger capital position.