---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-015976"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:31:26.047438+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SPFI Q1 net income $14.3M ($0.78 EPS); loan growth 2.6% annualized, NIM 3.33%

## Summary
- Net income of $14.3M down from $14.6M Q4 2021 and $15.2M Q1 2021; diluted EPS $0.78.
- Net interest margin 3.33% vs 3.50% Q4 2021; net interest income $29.9M.
- Negative provision for loan losses of $2.1M driven by improved credit metrics.
- Loans held for investment grew $16.1M to $2.45B; deposits up $108.9M to $3.45B.
- Noninterest income $23.7M included $4.5M MSR fair value adjustment; mortgage originations fell $79M.

## SEC filing metadata
- accession: 0001140361-22-015976
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036122015976/0001140361-22-015976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036122015976/brhc10036719_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-015976
- JSON: https://secwatch.observer/filing/0001140361-22-015976.json
- Plain text: https://secwatch.observer/filing/0001140361-22-015976.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.