South Plains signals mid-single-digit 2026 loan growth while targeting ~85% loan-to-deposit ratio amid CEO transition

What happened: South Plains Financial (SPFI) reported Q3 2026 results and reiterated mid-single-digit full-year loan growth guidance, with management targeting a loan-to-deposit ratio of about 85% as CEO Curtis Griffith prepares to retire at year end. Key numbers: Net income $20.8 million vs $19 Why it matters: Management said it remains confident in the mid-single-digit loan growth guidance, citing stronger second-half pipeline, and aims to hold NIM near current levels while growing the balance sheet. The quarter absorbed about $875,000 of accrued expense tied to Griffith's retirement. Market: +1.2% today ($43.93), +14.8% YTD, 1.4x vol — as of 22:46 UTC Coverage: 3 outlets in 24h

South Plains Financial (SPFI) reported Q3 2026 results and reiterated mid-single-digit full-year loan growth guidance, with management targeting a loan-to-deposit ratio of about 85% as CEO Curtis Griffith prepares to retire at year end.

Management said it remains confident in the mid-single-digit loan growth guidance, citing stronger second-half pipeline, and aims to hold NIM near current levels while growing the balance sheet. The quarter absorbed about $875,000 of accrued expense tied to Griffith's retirement. Market: +1.2% today ($43.93), +14.8% YTD, 1.4x vol — as of 22:46 UTC