{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-021005","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.094017+00:00","generated_at":"2026-06-16T08:18:02.655268+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"South Plains Financial Q1 net income falls 36% to $9.2M; sells Windmark","bullets":["Net income $9.2M ($0.53 diluted EPS) vs $14.3M ($0.78) Q1 2022; down 36%.","Deposits grew 12% annualized to $3.51B; uninsured/uncollateralized improved to 17% from 26%.","NIM (tax-equivalent) 3.75% vs 3.88% Q4 2022; avg deposit cost 136 bps vs 97 bps.","Provision for credit losses $1.0M vs $248K prior Q; NPA ratio 0.19%.","Post-quarter: sold Windmark Insurance Agency to Alliant Insurance for undisclosed cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-021005","json":"https://secwatch.observer/filing/0001140361-23-021005.json","markdown":"https://secwatch.observer/filing/0001140361-23-021005.md","text":"https://secwatch.observer/filing/0001140361-23-021005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123021005/0001140361-23-021005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123021005/brhc20052107_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:18:02.655268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"24cf3ea036130d8b932e315e31494fcb70785a75","claim":"SOUTH PLAINS FINANCIAL, INC. reported the quarter ended March 31, 2023 results: net income $9.2 million, EPS $0.53.","evidence_excerpt":"South Plains Financial, Inc. Reports First Quarter 2023 Financial Results","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036123021005/0001140361-23-021005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$9.2 million"},{"label":"EPS","value":"$0.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}