secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001140361-25-001851
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125001851/0001140361-25-001851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125001851/ef20042248_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001851

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer