South Plains Financial (SPFI)
Runs City Bank, a Texas community bank offering commercial, retail, mortgage and trust services.
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Operates City Bank, a Texas state-chartered community bank offering commercial, retail, mortgage, trust and investment banking services from Lubbock to Houston and into eastern New Mexico. Growth has come through organic branch and lending expansion alongside a series of West Texas bank acquisitions, most recently the 2026 addition of Bank of Houston.
City Bank, the sole banking subsidiary, is a Texas state-chartered institution offering commercial and retail banking, mortgage lending, trust services and investment management to businesses and individuals. Community banking is the company's only reportable segment following the 2023 sale of its insurance agency.
Operations concentrate in West Texas, with additional presence in Dallas, El Paso, the Permian Basin, Bryan/College Station and, after the 2026 acquisition of Bank of Houston, a deepened Greater Houston footprint. A small cross-border branch network extends into eastern New Mexico.
The bank traces its roots to a 1941 West Texas community bank and reached its present form through a series of in-state acquisitions, culminating in a 2019 Nasdaq listing. Growth since has combined organic lending expansion with continued bank M&A.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 20, 2026 | Raymond James | Reiterate | Rating: —Target: $44 | Target: $50 |
| Jun 24, 2026 | Benchmark Co. | Target | Target: — | Target: $53 |
| Jun 24, 2026 | Benchmark | Initiate | Rating: — | |
| Apr 30, 2026 | Piper Sandler | Reiterate | Rating: —Target: $48 | Target: $46 |
| Mar 2, 2026 | Piper Sandler | Upgrade | Target: $45 | Target: $48 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.34B · Total debt $60.5M · Total assets $5.39B · Shareholders' equity $629.8M
- Revenue
- $80.8M
- Operating income
- $24.3M
- Net income
- $19.0M
HistoryDividendAnnual yield
| Institutions | ≈ 46.52% | 8.76M shares | |
|---|---|---|---|
| 158 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 20.47% | 3.86M shares | |
| 11 holders · as of Aug 5, 2026 | |||
| Other | ≈ 33.01% | 6.22M shares | |
| remainder | |||
18.84M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
South Plains Financial, Inc. Employee Stock Ownership Plan Trust (the “ESOP Trust”)Institution | 14.84% | 2.80M | filed Feb 16, 2022 |
BlackRock, Inc.Institution | 7.59% | 1.43M | as of Jun 30, 2026 |
Richard D. CampbellInsiderdirector | 7.41% | 1.40M | filed Aug 5, 2026 |
Curtis C. Griffith1Insiderdirector, officer: Chairman and CEO | 6.12% | 1.45M | filed Jun 23, 2026 |
Vanguard Capital Management LLCInstitution | 3.41% | 642,137 | as of Jun 30, 2026 |
- Curtis C. Griffith's transaction reports restate only vehicles that traded; the 2025 ownership statement (1.45M) less the 300.1K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Richard D. Campbell | director | −27,286 | $45.14 |
| Aug 3, 2026 | Richard D. Campbell | director | −132,714 | $44.75 |
| Jul 28, 2026 | James D. Stein | director | −100,000 | $44.54 |
| May 20, 2026 | Noe G. Valles | director | +623 | |
| May 19, 2026 | James D. Stein | director | −1,560 | $40.07 |
- Prosperity Bancshares
Head-to-head in West Texas and Houston community banking
- First Financial Bankshares
Closest-sized West Texas community-bank consolidator peer
- Cullen/Frost Bankers
Statewide Texas commercial banking and treasury management rival
- Texas Capital
Dallas-based commercial and middle-market banking rival
- Hilltop
Statewide Texas banking, mortgage, and brokerage competitor
- Zions Bancorporation
Amegy Bank of Texas contests the Houston market head-on
- BOK Financial
Bank of Texas brand competes across shared Texas metros
- Origin Bancorp
Community-bank peer overlapping in Dallas and Houston markets
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| South Plains Financial | $44.05 | −0.11% | $843.9M | 12.0 | 11.1 | 2.8 | +18.0% |
| Prosperity Bancshares | $68.86 | −0.05% | $8.40B | 12.1 | 10.3 | 4.7 | +25.9% |
| First Financial Bankshares | $32.31 | −0.03% | $4.69B | 17.5 | 15.3 | 5.4 | +10.3% |
| Cullen/Frost Bankers | $156.15 | +0.05% | $9.87B | 15.0 | 13.7 | 3.7 | +9.4% |
| Texas Capital | $94.55 | 0.00% | $4.13B | 12.5 | 12.3 | 2.1 | +9.1% |
| Hilltop | $38.38 | −0.03% | $2.22B | 14.4 | 16.6 | 1.4 | +4.1% |
| Zions Bancorporation | $63.76 | +0.12% | $9.48B | 8.3 | 9.7 | 1.8 | +4.8% |
| BOK Financial | $131.05 | −0.02% | $8.09B | 12.5 | 12.6 | 2.4 | +4.8% |
| Origin Bancorp | $53.17 | −0.04% | $1.66B | 16.8 | 12.5 | 2.7 | +27.0% |
| Median | 13.4 | 12.5 | 2.5 | +9.3% |