---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-026651"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:28:39.876366+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q2 net income $15.9M ($0.88 EPS); loan growth 20.8% annualized

## Summary
- Net income $15.9M ($0.88 diluted EPS) vs $14.3M ($0.78) Q1 2022 and $13.7M ($0.74) Q2 2021.
- Loans held for investment grew $126.9M (20.8% annualized) from Q1 2022; organic net loan growth $148.2M.
- No provision for loan losses in Q2; NPAs/total assets improved to 0.20% from 0.33% Q1 2022.
- Net interest margin (tax-equivalent) expanded to 4.02% from 3.33% Q1; average cost of deposits 27 bps.
- Repurchased ~257,000 shares in Q2 vs 106,000 in Q1, citing belief shares trade below intrinsic value.

## SEC filing metadata
- accession: 0001140361-22-026651
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036122026651/0001140361-22-026651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036122026651/brhc10039865_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-026651
- JSON: https://secwatch.observer/filing/0001140361-22-026651.json
- Plain text: https://secwatch.observer/filing/0001140361-22-026651.txt

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