secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001140361-23-002919
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/0001140361-23-002919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036123002919/brhc10047072_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002919

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