---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-009525"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T14:37:04.984727+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial announces $10M stock repurchase program through Feb 2025

## Summary
- Board approved repurchase of up to $10.0 million of common stock.
- Program expires February 21, 2025, subject to earlier termination or full use.
- CEO Griffith says shares trade below intrinsic value; buyback is most compelling use of capital.
- Repurchases may occur via open market or private transactions under Rule 10b-18 and 10b5-1 plans.
- Company retains discretion to begin, suspend, or end repurchases at any time without prior notice.

## SEC filing metadata
- accession: 0001140361-24-009525
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036124009525/0001140361-24-009525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036124009525/ef20022460_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-009525
- JSON: https://secwatch.observer/filing/0001140361-24-009525.json
- Plain text: https://secwatch.observer/filing/0001140361-24-009525.txt

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