{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-039095","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2025-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.912589+00:00","generated_at":"2026-05-17T02:26:49.224750+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"South Plains Q3 2025 net income $16.3M, EPS $0.96; NIM 4.05%, redeemed $50M sub debt","bullets":["Net income $16.3M ($0.96 diluted EPS) vs $14.6M ($0.86) in Q2 2025 and $11.2M ($0.66) a year ago.","Net interest margin (tax-equivalent) 4.05%, up from 3.65% YoY; avg cost of deposits 210 bps, down 37 bps YoY.","Redeemed $50M in subordinated debt on Sep 30, 2025; no replacement debt issued.","Nonperforming assets / total assets improved to 0.26% from 0.59% a year ago; provision for credit losses $500K.","Tangible book value per share $28.14, up from $25.75 a year ago; return on avg assets 1.47%."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-039095","json":"https://secwatch.observer/filing/0001140361-25-039095.json","markdown":"https://secwatch.observer/filing/0001140361-25-039095.md","text":"https://secwatch.observer/filing/0001140361-25-039095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036125039095/0001140361-25-039095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036125039095/ef20057565_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:26:49.224750+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"}