South Plains Financial SEC Filings

South Plains Financial (SPFI) reported stronger Q3 2025 results. Net income rose to $16.3 million from $11.2 million a year ago, with diluted EPS of $0.96 versus $0.66. Net interest income improved to $43.0 million as interest expense fell to $21.5 million. Provision for credit losses was $0.5 million.

Total assets reached $4.48 billion and deposits were $3.88 billion. Cash and cash equivalents increased to $635.0 million. Loans held for investment were $3.05 billion, and the allowance for credit losses was $44.1 million, or 1.45% of loans. Stockholders’ equity rose to $477.8 million. The company redeemed $50.0 million of subordinated notes on September 30, 2025, leaving $14.1 million outstanding.

Capital remained robust, with consolidated CET1 at 14.41% and Tier 1 leverage at 12.37%. For the first nine months, net income was $43.2 million versus $33.2 million last year, reflecting steadier net interest performance and controlled noninterest expenses.

South Plains Financial (SPFI) furnished materials related to its third-quarter 2025 results. The company issued a press release and an earnings slide presentation for the quarter ended September 30, 2025, and scheduled a conference call on October 23, 2025 at 5:00 p.m. Eastern Time to discuss the results. The press release is furnished as Exhibit 99.1 and the slide deck as Exhibit 99.2, which is also available on the company’s website under “News & Events.”

Per General Instruction B.2, the information in Items 2.02 and 7.01, including Exhibits 99.1 and 99.2, is furnished and not deemed filed or incorporated by reference unless specifically stated.

South Plains Financial, Inc. (SPFI) declared a quarterly cash dividend of $0.16 per share. The company set a record date of October 27, 2025, and plans to pay the dividend on November 10, 2025, to shareholders of record at the close of business on that date.

The announcement reflects a continuation of the company’s regular capital return via cash dividends. The disclosure was made alongside a press release that provides additional details.

Insider sales by a director and 10% owner. Richard D. Campbell reported open-market sales of South Plains Financial, Inc. (SPFI) common stock on 09/11/2025 and 09/12/2025. On 09/11/2025 he sold 44,417 shares at a weighted average price of $40.21, leaving 1,544,969 shares reported as beneficially owned indirectly through Henry TAW LP. On 09/12/2025 he sold 15,583 shares at a weighted average price of $39.62, leaving 1,529,386 shares beneficially owned indirectly through Henry TAW LP. The filings note additional holdings: 9,761 shares disposed and 40,000 shares held indirectly by Racham Investment Group LLC. The Form 4 was signed by an attorney-in-fact on 09/15/2025 and includes explanations that the sales were multiple same-day open-market transactions reported at weighted average prices.

Form 144 notice from an insider of South Plains Financial, Inc. (SPFI) reports a proposed sale of 60,000 shares of common stock through J.P. Morgan Securities LLC on 09/11/2025 on NASDAQ. The aggregate market value of the proposed sale is listed as $2,424,000.00 against 16,236,701 shares outstanding. The shares were acquired on 03/11/2019 as a result of a 29-for-1 stock dividend from the issuer. The filer reports no securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information.

South Plains Financial, Inc. filed an 8-K reporting corporate governance amendments. The filing states the company adopted an ownership threshold requiring any shareholder or group to hold at least 3% of issued and outstanding common stock to institute or maintain a derivative proceeding. The company also adopted a forum selection clause designating the Texas Business Court in the Ninth Business Court Division as the sole and exclusive forum for "internal entity claims," and, if that court lacks jurisdiction, the U.S. District Court for the Northern District of Texas or a Texas state district court in Lubbock County. The filing references an Exhibit (Cover Page Interactive Data File, Inline XBRL) and lists contact information for the registrant.