---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-001851"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T10:25:48.715388+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q4 net income $16.5M, EPS $0.96; declares $0.15 dividend

## Summary
- Q4 2024 diluted EPS $0.96 vs $0.61 a year ago; net income $16.5M vs $10.3M.
- Net interest margin (tax-equivalent) 3.75%, up from 3.52% in Q4 2023.
- Average cost of deposits fell 18 bps QoQ to 229 bps; loans held for investment $3.06B.
- Full-year 2024 net income $49.7M, down from $62.7M in 2023 (prior year included $22.9M gain on Windmark sale).
- Quarterly cash dividend $0.15/share, payable Feb 18 to holders of record Feb 3.

## SEC filing metadata
- accession: 0001140361-25-001851
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036125001851/0001140361-25-001851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036125001851/ef20042248_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001851
- JSON: https://secwatch.observer/filing/0001140361-25-001851.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001851.txt

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