{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-003974","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.538418+00:00","generated_at":"2026-06-06T16:25:14.616989+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"South Plains Q4 net income $10.3M ($0.61 EPS), down from $12.6M YoY; full year EPS $3.62","bullets":["Net income Q4 2023 $10.3M vs $13.5M Q3 2023 and $12.6M Q4 2022.","Net interest margin (tax-equiv) 3.52% flat QoQ; deposit cost rose to 224 bps from 207 bps Q3.","Loans held for investment grew 9.7% YoY to $3.01B; nonperforming assets only 0.14% of total assets.","Tangible book value per share $23.47, up 11.4% from Q3; $15M buyback program exhausted.","Windmark sale in Q2 netted $22.9M gain; redeemed $12.4M in subordinated notes in Dec 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-003974","json":"https://secwatch.observer/filing/0001140361-24-003974.json","markdown":"https://secwatch.observer/filing/0001140361-24-003974.md","text":"https://secwatch.observer/filing/0001140361-24-003974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124003974/0001140361-24-003974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124003974/ef20019822_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:25:14.616989+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":"8d4211d9431dd989af37e7ae753d6b7405fa4ab7","claim":"SOUTH PLAINS FINANCIAL, INC. reported quarter and year ended December 31, 2023 results: net income $10.3 million, EPS $0.61.","evidence_excerpt":"Net income for the fourth quarter of 2023 was $10.3 million, compared to $13.5 million for the third quarter of 2023 and $12.6 million for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124003974/0001140361-24-003974-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and year ended December 31, 2023"},{"label":"Net income","value":"$10.3 million"},{"label":"EPS","value":"$0.61"},{"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"}