---
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"
generated_at: "2026-05-17T02:26:49.224750+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# South Plains Q3 2025 net income $16.3M, EPS $0.96; NIM 4.05%, redeemed $50M sub debt

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-039095
- JSON: https://secwatch.observer/filing/0001140361-25-039095.json
- Plain text: https://secwatch.observer/filing/0001140361-25-039095.txt

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