---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-043799"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:51:10.592551+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SPFI to acquire BOH Holdings for ~$105.9M in stock, adds Houston scale

## Summary
- Transaction value ~$105.9M (0.1925 SPFI shares per BOH share) based on SPFI $37.79 close on Nov 28, 2025.
- BOH had $772M assets, $633M loans, $629M deposits as of Sep 30, 2025; expected close Q2 2026.
- Pro forma combined: ~$5.4B assets, $3.8B loans, $4.6B deposits with 26 Texas branches.
- Deal expected 11% accretive to 2027 EPS; tangible book value earnback <3 years.
- BOH directors/execs with 25.2% of BOH shares support via voting agreement; termination fee $4.2M.

## SEC filing metadata
- accession: 0001140361-25-043799
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036125043799/0001140361-25-043799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036125043799/ef20060246_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-043799
- JSON: https://secwatch.observer/filing/0001140361-25-043799.json
- Plain text: https://secwatch.observer/filing/0001140361-25-043799.txt

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