{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-017459","form_type":"8-K","ticker":"SPFI","cik":"0001163668","company_name":"SOUTH PLAINS FINANCIAL, INC.","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.020460+00:00","generated_at":"2026-05-15T02:43:59.245804+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"South Plains Financial Q1 net income $14.5M, EPS $0.85; NIM expands to 4.04%; BOH merger closed","bullets":["Net income $14.5M ($0.85 diluted EPS) vs $12.3M ($0.72) in Q1 2025; down sequentially from Q4 2025 $0.90 EPS.","Net interest margin (tax-equivalent) 4.04%, up from 3.81% YoY; average deposit cost declined to 1.97%.","Noninterest expense $35.5M includes $1.5M of acquisition-related costs; provision for credit losses $260K, down sharply.","BOH acquisition effective April 1, 2026; BOH had $685M assets, $632M loans, $596M deposits as of Mar 31, 2026.","Tangible book value per share $29.65 (+2.1% QoQ, +13.8% YoY); NPAs/total assets improved to 0.13%."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-017459","json":"https://secwatch.observer/filing/0001140361-26-017459.json","markdown":"https://secwatch.observer/filing/0001140361-26-017459.md","text":"https://secwatch.observer/filing/0001140361-26-017459.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163668/000114036126017459/0001140361-26-017459-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163668/000114036126017459/ef20071650_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:43:59.245804+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2503b180f79d8dcdbe6377c0d27861d1b7d8a76","claim":"SOUTH PLAINS FINANCIAL, INC. reported first quarter ended March 31, 2026 results: net income $14.5 million, EPS $0.85.","evidence_excerpt":"Net income for the first quarter of 2026 was $14.5 million, compared to $15.3 million for the fourth quarter of 2025 and $12.3 million for the first quarter of 2025. ● Diluted earnings per share for the first quarter of 2026 was $0.85, compared to $0.90 for the fourth quarter of 2025 and $0.72 for the first quarter of 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163668/000114036126017459/0001140361-26-017459-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Net income","value":"$14.5 million"},{"label":"EPS","value":"$0.85"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}