secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0001140361-25-026044
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125026044/0001140361-25-026044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125026044/ef20052046_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-026044

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