South Plains Financial, Inc. announced the acquisition of BOH Holdings, Inc.
The all-stock transaction is valued at approximately $105.9 million
Upon completion of the acquisition, South Plains will have approximately $5.4 billion in assets
Transaction Value
Approximately $105.9 million, 6.8x price to estimated 2027 earnings.
Pro Forma Company
Expected to have the 11th most deposits of a Texas-headquartered bank in Houston.
Expected Accretive Earnings
The proposed transaction is expected to be 11% accretive to SPFI's earnings per share in 2027.
- The acquisition will strengthen South Plains' position as a leading Texas community bank
- It will enhance the geographic footprint in the Houston MSA
The acquisition of BOH Holdings, Inc. marks a strategic move for South Plains Financial, Inc. to expand its presence and drive value for shareholders.