SPFI completes $685M BOH acquisition, Q2 net income rises 30% to $19.0M on lower provision

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

Key Changes

• high

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

  Notes: BOH Holdings acquisition verify on EDGAR →
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  Q2 2026 net income rose 30% to $19.0M ($0.96/share) from $14.6M ($0.86/share) in Q2 2025, driven by 18.5% net interest income growth to $50.3M and provision expense dropping 86% to $350K from $2.5M.

  MD&A: net income Q2 / provision Q2 verify on EDGAR →
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  Redeemed $50M in subordinated debt (September 2025), reducing total subordinated debt from $64.1M to $14.1M and lowering interest expense by $26.9 million for the six months ended June 30, 2026.

  MD&A: subordinated debt redemption verify on EDGAR →