---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-038005"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T01:52:18.306460+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q3 net income $15.5M ($0.86 EPS), loan growth 17%, declares $0.12 dividend

## Summary
- Net income $15.5M ($0.86 diluted EPS) in Q3 2022 vs $15.9M ($0.88) in Q2 and $15.2M ($0.82) in Q3 2021.
- Loans held for investment grew $109.9M (17.0% annualized) to $2.69B; deposits $3.46B (+$34.7M).
- Negative provision of $782k; nonperforming assets to total assets 0.19%; net charge-offs (0.10)% annualized.
- Tangible book value $18.61 per share, down from $19.50 at June 30, driven by $26.7M AOCI decline from rising rates.
- Settled litigation with Kasasa: mutual release of all claims; case dismissed with prejudice on October 7, 2022.

## SEC filing metadata
- accession: 0001140361-22-038005
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036122038005/0001140361-22-038005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036122038005/brhc10043141_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-038005
- JSON: https://secwatch.observer/filing/0001140361-22-038005.json
- Plain text: https://secwatch.observer/filing/0001140361-22-038005.txt

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