---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-002400"
form_type: "8-K"
ticker: "SPFI"
cik: "0001163668"
company_name: "SOUTH PLAINS FINANCIAL, INC."
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T07:49:20.817260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# South Plains Financial Q4 net income $15.3M, EPS $0.90; full-year EPS up 17.8%; BOH acquisition

## Summary
- Q4 2025 net income $15.3M ($0.90 diluted EPS) vs $16.3M ($0.96) in Q3 and $16.5M ($0.96) in Q4 2024.
- Full-year 2025 net income $58.5M ($3.44 EPS) up 17.8% from $49.7M ($2.92) in 2024.
- Net interest margin 4.00% in Q4 vs 3.75% a year ago; average cost of deposits fell to 2.01%.
- Loans held for investment $3.14B (up 2.9% YoY); total assets $4.48B; tangible book value $29.05/share.
- In December 2025 entered definitive agreement to acquire BOH Holdings (Bank of Houston) with ~$772M assets.

## SEC filing metadata
- accession: 0001140361-26-002400
- form_type: 8-K
- ticker: SPFI
- cik: 0001163668
- company_name: SOUTH PLAINS FINANCIAL, INC.
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163668/000114036126002400/0001140361-26-002400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163668/000114036126002400/ef20063874_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-002400
- JSON: https://secwatch.observer/filing/0001140361-26-002400.json
- Plain text: https://secwatch.observer/filing/0001140361-26-002400.txt

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