---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049331"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T13:27:47.443401+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q3 net income $13.5M, EPS $0.78; deposits up 1.3% sequentially

## Summary
- Net income $13.5M, diluted EPS $0.78; Q2 included $22.9M gain on sale of Windmark.
- Deposits grew $46.1M (+1.3%) to $3.62B; noninterest-bearing deposits 28.9%.
- Net interest margin (tax-equivalent) 3.52% vs 3.65% in Q2; loan yield rose to 6.10%.
- Nonperforming assets/total assets improved to 0.12% from 0.51% in Q2.
- Repurchased 355,000 shares for $9.3M in Q3.

## SEC filing metadata
- accession: 0001140361-23-049331
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/0001140361-23-049331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/ef20013031_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049331
- JSON: https://secwatch.observer/filing/0001140361-23-049331.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049331.txt

## Key facts
- Earnings Releases
  SOUTH PLAINS FINANCIAL, INC. reported quarter ended September 30, 2023 results: revenue $35.7 million.
  - Period: quarter ended September 30, 2023
  - Revenue: $35.7 million
  - Result: reported results
  source text: reported its financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights ● Net income for the third quarter of 2023 was $13.5 million, compared to $29.7 million for the second quarter of 2023 and $15.5 million for the third quarter of 2022. ● Diluted earnings per share for the third quarter of 2023 was $0.78, compared to $1.71 for the second quarter of 2023 and $0.86 for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/0001140361-23-049331-index.htm
- Earnings Releases
  SOUTH PLAINS FINANCIAL, INC. reported quarter ended September 30, 2023 results: revenue $35.7 million.
  - Period: quarter ended September 30, 2023
  - Revenue: $35.7 million
  - Result: reported results
  source text: Net interest income was $35.7 million for the third quarter of 2023, compared to $34.6 million for the second quarter of 2023 and $35.1 million for the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/0001140361-23-049331-index.htm

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