secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001140361-26-002400
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036126002400/0001140361-26-002400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036126002400/ef20063874_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-002400

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