{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-022078","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.501117+00:00","generated_at":"2026-06-03T07:31:12.838423+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"South Plains Q1 net income $10.9M ($0.64 EPS); NIM expands to 3.56%","bullets":["Net income $10.9M vs $10.3M Q4 2023 and $9.2M Q1 2023; diluted EPS $0.64.","Net interest margin (tax-equivalent) 3.56%, up from 3.52% Q4 2023; loan yield 6.53%.","Nonperforming assets to total assets 0.10%, improved from 0.14% at Q4 2023.","Average cost of deposits 241 bps vs 224 bps Q4 2023; deposit growth modest.","Provision for credit losses $830k; tangible book value per share $23.56."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-022078","json":"https://secwatch.observer/filing/0001140361-24-022078.json","markdown":"https://secwatch.observer/filing/0001140361-24-022078.md","text":"https://secwatch.observer/filing/0001140361-24-022078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124022078/0001140361-24-022078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124022078/ef20027709_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:31:12.838423+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":"891889ce37c6b4192d68f3baaf93c606ef480b7d","claim":"SOUTH PLAINS FINANCIAL, INC. reported the quarter ended March 31, 2024 results: net income $10.9 million, EPS $0.64.","evidence_excerpt":"On April 25, 2024, South Plains Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036124022078/0001140361-24-022078-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$10.9 million"},{"label":"EPS","value":"$0.64"},{"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"}