{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-015462","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2025-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.675419+00:00","generated_at":"2026-05-23T06:44:08.539644+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":"SPFI Q1 net income $12.3M ($0.72 EPS) vs $10.9M a year ago; NIM 3.81%, credit quality improves","bullets":["Net income $12.3M (diluted EPS $0.72) versus $10.9M ($0.64) in Q1 2024; sequentially down from $16.5M.","Net interest margin (tax-equiv) improved to 3.81% from 3.75% in Q4 2024 and 3.56% a year ago; deposit cost fell 10 bps.","Nonperforming assets to total assets fell to 0.16% from 0.58% at year-end; $19M credit returned to accrual and repaid post-quarter.","Deposits increased $171.6M (4.7%) from Q4 2024 to $3.79B; loans held for investment grew $20.8M (2.7% annualized).","SPFI repurchased 250,000 shares for $8.3M in Q1; ~$7M remains under buyback program."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-015462","json":"https://secwatch.observer/filing/0001140361-25-015462.json","markdown":"https://secwatch.observer/filing/0001140361-25-015462.md","text":"https://secwatch.observer/filing/0001140361-25-015462.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036125015462/0001140361-25-015462-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036125015462/ef20047853_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T06:44:08.539644+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}