South Plains Financial
Runs City Bank, a Texas community bank offering commercial, retail, mortgage and trust services.
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Profile
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
Categories
Key statistics
Year to date +13.9% · Average volume (30d) 122.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 20, 2026 | Raymond James | Reiterate | Outperform | $44 | $50 | |
| Jun 24, 2026 | Benchmark Co. | Target | $53 | |||
| Jun 24, 2026 | Benchmark | Initiate | Buy | |||
| Apr 30, 2026 | Piper Sandler | Reiterate | Overweight | $48 | $46 | |
| Mar 2, 2026 | Piper Sandler | Upgrade | Neutral | Overweight | $45 | $48 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 17, 2026Q2 FY26 | $0.94 | $0.96 | +2.1% | $63.3M | $64.5M | +1.8% | −3.76% |
| Apr 28, 2026Q1 FY26 | $0.88 | $0.85 | −3.4% | $54.1M | $54.1M | +0.1% | −7.41% |
| Jan 26, 2026Q4 FY25 | $0.88 | $0.90 | +2.9% | $54.1M | $53.9M | −0.4% | −2.20% |
| Oct 23, 2025Q3 FY25 | $0.86 | $0.96 | +12.3% | $53.7M | $52.5M | −2.1% | +0.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $69.1M | $76.3M | $74.0M | $74.4M | $73.9M | $80.8M | |
| Gross profit | $47.3M | $52.2M | $52.0M | $52.1M | $53.9M | $60.3M | |
| Operating income | $15.7M | $18.6M | $20.7M | $19.1M | $18.4M | $24.3M | |
| Net income | $12.3M | $14.6M | $16.3M | $15.3M | $14.5M | $19.0M | |
| Diluted EPS | $0.72 | $0.86 | $0.96 | $0.90 | $0.85 | $0.96 | |
| Gross margin | 68.4% | 68.4% | 70.3% | 70.1% | 72.9% | 74.6% | |
| Operating margin | 22.7% | 24.4% | 27.9% | 25.7% | 24.8% | 30.1% |
Fiscal years (4-quarter sums)FY21 $227.5M · FY22 $231.9M · FY23 $248.5M · FY24 $283.1M · FY25 $293.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.34B · Total debt $60.5M · Total assets $5.39B · Shareholders' equity $629.8M
Dividends
Raised for 5 straight years — most recently to $0.18 from $0.17 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 27, 2026 | Jul 27 | Aug 10 | $0.18 | raised from $0.17 |
| Apr 27, 2026 | Apr 27 | May 11 | $0.17 | |
| Feb 2, 2026 | Feb 2 | Feb 17 | $0.17 | raised from $0.16 |
| Oct 27, 2025 | Oct 27 | Nov 10 | $0.16 | |
| Jul 28, 2025 | Jul 28 | Aug 11 | $0.16 | raised from $0.15 |
| Apr 28, 2025 | Apr 28 | May 12 | $0.15 | |
| Feb 3, 2025 | Feb 3 | Feb 18 | $0.15 | |
| Oct 28, 2024 | Oct 28 | Nov 12 | $0.15 | raised from $0.14 |
Ownership
Shares outstanding 19.15M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.43M | 7.47% | 13F | Aug 7, 2026 |
| Richard D. Campbell · director | 1.40M | 7.29% | Form 4 | Aug 5, 2026 |
| Vanguard Capital Management LLC | 642.1K | 3.35% | 13F | Aug 13, 2026 |
| State Street Corp | 529.6K | 2.77% | 13F | Aug 7, 2026 |
| Acadian Asset Management LLC | 497.5K | 2.60% | 13F | Aug 13, 2026 |
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 |
Peers
- 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 close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| South Plains Financial | $43.66 | +0.09% | $835.9M | 11.9 | 11.0 | 2.8 | +18.0% |
| Prosperity Bancshares | $72.30 | +0.01% | $8.69B | 12.5 | 10.8 | 4.9 | +25.9% |
| First Financial Bankshares | $33.39 | +0.03% | $4.78B | 17.9 | 15.8 | 5.5 | +10.3% |
| Cullen/Frost Bankers | $161.69 | −0.01% | $10.05B | 15.3 | 14.3 | 3.8 | +9.4% |
| Texas Capital | $98.87 | +0.22% | $4.29B | 12.9 | 12.9 | 2.2 | +9.1% |
| Hilltop | $38.50 | +0.08% | $2.21B | 14.3 | 16.6 | 1.4 | +4.1% |
| Zions Bancorporation | $67.78 | −0.01% | $9.89B | 8.6 | 10.3 | 1.9 | +4.8% |
| BOK Financial | $135.14 | −1.69% | $8.35B | 12.9 | 13.3 | 2.5 | +4.8% |
| Origin Bancorp | $53.25 | −0.05% | $1.65B | 16.6 | 12.5 | 2.7 | +27.0% |
| Median | 13.6 | 13.1 | 2.6 | +9.3% |