---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002919"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:54:28.374734+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q4 net income $12.6M, down 19% QoQ; EPS $0.71 vs $0.86

## Summary
- Diluted EPS $0.71 vs $0.86 Q3 and $0.79 Q4 2021; net income $12.6M down from $15.5M.
- Net interest margin expanded to 3.88% from 3.70% Q3; loans held for investment up 12.7% YoY to $2.75B.
- Noninterest income fell $8.2M QoQ to $12.7M on lower mortgage banking (originations down 60.2% YoY).
- Full year 2022 diluted EPS $3.23 vs $3.17; net income $58.2M vs $58.6M.
- 2023 loan growth outlook low single digit; repurchased 4.8% of shares outstanding in 2022.

## SEC filing metadata
- accession: 0001140361-23-002919
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/brhc10047072_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002919
- JSON: https://secwatch.observer/filing/0001140361-23-002919.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002919.txt

## Key facts
- Earnings Releases
  SOUTH PLAINS FINANCIAL, INC. reported the fourth quarter of 2022 results: net income $12.6 million, EPS $0.71. Guidance initiated.
  - Period: the fourth quarter of 2022
  - Net income: $12.6 million
  - EPS: $0.71
  - Guidance: initiated
  - Result: reported results
  source text: Net income for the fourth quarter of 2022 was $12.6 million, compared to $15.5 million for the third quarter of 2022 and $14.6 million for the fourth quarter of 2021. ● Diluted earnings per share for the fourth quarter of 2022 was $0.71, compared to $0.86 for the third quarter of 2022 and $0.79 for the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm
- Earnings Releases
  SOUTH PLAINS FINANCIAL, INC. reported the year ended December 31, 2022 results: net income $58.2 million, EPS $3.23. Guidance initiated.
  - Period: the year ended December 31, 2022
  - Net income: $58.2 million
  - EPS: $3.23
  - Guidance: initiated
  - Result: reported results
  source text: Full year net income of $58.2 million in 2022, compared to $58.6 million in 2021. ● Diluted earnings per share of $3.23 in 2022, compared to $3.17 in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm

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