---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-026044"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:10:20.193323+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPFI Q2 net income $14.6M ($0.86 EPS); NIM expands to 4.07%

## Summary
- Net income of $14.6M, up 18.7% from Q1 2025 ($12.3M) and 31.5% YoY ($11.1M).
- Diluted EPS $0.86 vs $0.72 Q1 2025 and $0.66 Q2 2024; tangible book value $26.70/share.
- Net interest margin (tax-equivalent) 4.07%, up from 3.81% Q1 2025 and 3.63% Q2 2024.
- Provision for credit losses $2.5M vs $420K Q1 2025; allowance/loans 1.45% vs 1.40% prior Q.
- Loans held for investment $3.10B (up 3.0% annualized QoQ); deposits $3.74B; NPA ratio 0.25%.

## SEC filing metadata
- accession: 0001140361-25-026044
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036125026044/0001140361-25-026044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036125026044/ef20052046_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-026044
- JSON: https://secwatch.observer/filing/0001140361-25-026044.json
- Plain text: https://secwatch.observer/filing/0001140361-25-026044.txt

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