Strong 2025 Financial Performance
Tangible book value per share rose over 14%. It reached $29.05 by year-end. These metrics highlight efficient operations.
Executing the Growth Strategy
The company recruited top lenders across its markets. Griffith expects these hires to bring fresh relationships to City Bank. In December, South Plains signed a definitive agreement to acquire BOH Holdings and Bank of Houston. This move targets scale in Houston’s fast-growing market. These steps advance the firm’s expansion goals.
2026 Outlook and Loan Acceleration
Loan growth should speed up in 2026. Griffith forecasts a mid-to-high single-digit rate. This will boost South Plains’ earnings power. The company has invested in technology, systems, and processes. These upgrades support efficient scaling as a larger community bank.
Future Acquisition and Hiring Plans
South Plains remains proactive. It seeks more attractive franchises like BOH. The firm believes it can handle another acquisition of similar size. High-quality lender recruitment will continue selectively. Griffith expressed excitement for stakeholders. He looks forward to opportunities for employees, customers, and shareholders.