South Plains Reaffirms 2026 Loan Outlook, Prefers Loan-to-Deposit Ratio Around 85%

South Plains Financial reaffirmed its mid-single-digit loan growth outlook for 2026 on an Oct. 22 earnings call, while describing about 85% as its preferred loan-to-deposit ratio. President Cory Newsom said management remained confident in meeting the full-year outlook. The call did not give a precise percentage range. “We remain confident in delivering our full-year loan growth guidance in the mid-single digits,” Newsom said. Loans held for investment reached $3.83 billion at the Sept. 30 quarter-end, up $59.7 million from June 30, or 6.3% on an annualized basis.

Source: TokenPost