SPFI completes Bank of Houston acquisition, Q2 net income rises 30% to $19.0M

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Acquired Bank of Houston (BOH) April 1, 2026 for 2.8M shares, adding $685M assets, $632M loans, $596M deposits and expanding Houston presence; recorded $47.3M goodwill and $5.0M core deposit intangible.

  Notes: BOH Holdings acquisition verify on EDGAR →
• high

  Q2 2026 net income rose 30% to $19.0M ($0.96/share) from $14.6M ($0.86/share) in Q2 2025, driven by BOH-fueled loan growth and $2.2M lower provision for credit losses.

  MD&A: Net income Q2 verify on EDGAR →
• high

  Net interest income grew 18.5% to $50.3M in Q2 2026 from $42.5M prior year on $683M average loan growth from BOH; net interest margin declined 7bp to 4.00% but improved versus prior year excluding a one-time 17bp loan recovery benefit.

  MD&A: Net interest income and margin Q2 verify on EDGAR →