secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001140361-23-049331
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/0001140361-23-049331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036123049331/ef20013031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-049331

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