---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-033493"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:32:45.018882+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# South Plains Q2 earnings: net income $11.1M, EPS $0.66; NPA ratio rises to 0.57%

## Summary
- Net income $11.1M ($0.66 diluted EPS) vs $10.9M ($0.64) Q1 2024 and $29.7M ($1.71) Q2 2023 (latter included $33.5M gain on Windmark sale).
- Net interest margin expanded to 3.63% (tax-equivalent) from 3.56% Q1 2024; net interest income $35.9M, up $0.5M QoQ.
- Nonperforming assets to total assets rose to 0.57% from 0.10% Q1 2024 driven by a $20.6M multi-family loan placed on nonaccrual.
- Loans held for investment grew $82.5M (2.7%) QoQ to $3.09B; deposits declined $14.1M to $3.62B.
- Quarterly cash dividend declared at $0.14 per share, payable Aug 12 to holders of record July 29.

## SEC filing metadata
- accession: 0001140361-24-033493
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036124033493/0001140361-24-033493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036124033493/ef20032642_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-033493
- JSON: https://secwatch.observer/filing/0001140361-24-033493.json
- Plain text: https://secwatch.observer/filing/0001140361-24-033493.txt

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