secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001140361-25-043799
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125043799/0001140361-25-043799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036125043799/ef20060246_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-043799

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer