Welcome to our dedicated page for South Plains Financial SEC filings (Ticker: SPFI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
South Plains Financial, Inc. (NASDAQ: SPFI) is a publicly traded bank holding company for City Bank, a Texas state‑chartered bank. As an SEC registrant, the company files a range of regulatory documents that provide detailed information on its banking operations, financial condition, capital structure, and corporate governance.
On this page, you can review South Plains Financial, Inc. SEC filings, including Current Reports on Form 8‑K that disclose material events. Recent 8‑K filings describe quarterly financial results, earnings release slide presentations, dividend declarations, the redemption of fixed‑to‑floating rate subordinated notes, and the adoption of amended and restated bylaws reflecting changes to the Texas Business Organizations Code. These filings supplement the company’s earnings press releases and investor presentations.
Investors typically look to South Plains’ periodic reports, such as its annual report on Form 10‑K and quarterly reports on Form 10‑Q, for information on net interest income, noninterest income, loan and deposit composition, asset quality, capital ratios, and risk management practices. The company also discusses non‑GAAP measures like tangible book value per share and tangible common equity to tangible assets in its earnings materials, with reconciliations included in its filings.
In addition, South Plains uses its SEC filings to document corporate and capital actions, such as the redemption of subordinated notes and amendments to bylaws, and to provide details on strategic initiatives, including the definitive merger agreement to acquire BOH Holdings, Inc., the parent company of Bank of Houston. These disclosures outline key terms, conditions and expectations associated with the proposed transaction.
Stock Titan enhances access to these documents by pairing real‑time updates from the SEC’s EDGAR system with AI‑powered summaries. The platform highlights the main points in lengthy filings, helping users quickly understand South Plains Financial, Inc.’s reported results, governance changes, capital decisions and other material information without reading every page.
SOUTH PLAINS FINANCIAL, INC. officer Mikella D. Newsom reported routine equity compensation and related tax withholding involving common stock. On March 16, 2026, an indirect acquisition of 358 shares was reported as a grant or award to her spouse, who is also an employee of the company. These shares include restricted stock units that can be settled only in an equal number of common shares and remain subject to vesting and forfeiture conditions.
On March 14, 2026, 184 shares of common stock held indirectly through her spouse were disposed of at $40.74 per share to cover tax obligations by delivering shares. Following these transactions, indirect holdings by her spouse were 24,799 shares, and direct holdings by Newsom were 49,285 shares of common stock.
South Plains Financial, Inc. is a Texas bank holding company for City Bank, one of the largest independent banks in West Texas. As of December 31, 2025, it reported total assets of $4.48 billion, gross loans held for investment of $3.14 billion, total deposits of $3.87 billion and shareholders’ equity of $493.8 million.
The company operates 24 full-service branches and 7 mortgage loan production offices across Lubbock/South Plains, Dallas-Fort Worth, El Paso, Greater Houston, Bryan/College Station, the Permian Basin and Ruidoso, New Mexico. On December 1, 2025, it agreed to acquire BOH Holdings, Inc., with Bank of Houston to merge into City Bank, with closing expected in the second quarter of 2026 subject to regulatory and BOH shareholder approvals.
Mortgage originations totaled $269.3 million in 2025, generating $10.7 million of noninterest income, and the company services $1.8 billion of sold mortgages. Trust assets under management were $435 million with $2.9 million in fee income, while investment services generated $1.7 million on $684.4 million of assets. The bank remained well-capitalized under Basel III and prompt corrective action standards and paid $2.0 million in FDIC insurance premiums in 2025.
South Plains Financial, Inc. has authorized a new stock repurchase program for up to $10.0 million of its common shares. The program allows the company to buy back stock through open market purchases or privately negotiated transactions.
The repurchase program runs until February 23, 2027, unless the board ends or extends it earlier or the full $10.0 million is used. Repurchases may be made under Rule 10b-18 and through Rule 10b5-1 trading plans, giving the company flexibility to buy shares even during blackout periods.
South Plains Financial CFO and Treasurer Steven B. Crockett reported equity compensation transactions involving the company’s common stock. On February 18, 2026, he acquired 5,306 shares as a grant or award at $0.00 per share, bringing his direct holdings to 90,894 shares. On February 19, 2026, 582 shares were disposed of at $41.86 per share to cover tax withholding obligations, after which he directly owned 90,312 shares. His reported holdings include restricted stock units that can be settled in an equal number of shares and are subject to vesting and forfeiture conditions.
South Plains Financial Chief Risk Officer & Secretary Mikella D. Newsom reported mixed equity movements in company stock. On February 18, 2026, she acquired 1,605 shares of common stock as a grant or award at $0.00 per share, bringing her direct holdings to 49,285 shares. On February 17, 2026, 612 shares were disposed of at $42.50 per share to cover tax or exercise obligations, leaving 47,680 directly held shares after that transaction. The filing also notes 24,625 shares held indirectly by her spouse, who is an employee of the issuer, and explains that some reported holdings include restricted stock units that settle only in shares and remain subject to vesting and forfeiture conditions.
South Plains Financial insider activity: Bates Brent A, CCO of City Bank, reported two common stock transactions. On February 18, 2026, he acquired 2,283 shares at $0.00 per share as a grant or award, bringing his reported holdings to 13,620 shares. On February 17, 2026, he disposed of 840 shares at $42.50 per share in a tax-withholding disposition, after which his reported holdings were 11,337 shares. The reported holdings include restricted stock units that can only be settled in an equal number of common shares and are subject to vesting and forfeiture conditions.
South Plains Financial insider Paul A. Ehlers reported two stock transactions involving the company’s common shares. On February 18, 2026, he acquired 2,283 shares as a grant or award at $0.00 per share, bringing his direct holdings to 87,519 shares.
On February 17, 2026, 884 shares were disposed of at $42.50 per share in a tax-withholding transaction related to equity compensation, after which he directly held 85,236 shares. Some reported holdings include restricted stock units subject to vesting and forfeiture conditions.
South Plains Financial, Inc. (SPFI) and BOH Holdings, Inc. (BOH) entered into an Agreement and Plan of Reorganization to merge BOH into SPFI. Under the agreement each share of BOH common stock will be converted into 0.1925 shares of SPFI common stock, subject to adjustment, plus cash in lieu of fractional shares.
The exchange ratio may be reduced if BOH’s actual adjusted shareholders’ equity is less than $70,500,000 as of the last day of the calendar month before closing. Based on the record date of February 12, 2026, BOH had 14,466,719 shares outstanding. SPFI expects to issue up to approximately 2,784,844 shares of SPFI common stock in the merger (about 14.59% of the combined company). BOH shareholders will vote on the merger at a special meeting on March 20, 2026.
South Plains Financial is registering approximately 2,784,844 shares of common stock for issuance in its stock-for-stock merger with BOH Holdings. Each BOH share will convert into 0.1925 SPFI shares, plus cash for fractional shares, subject to a potential downward adjustment if BOH’s adjusted shareholders’ equity falls below $70.5 million.
Based on SPFI share prices cited in the document, the exchange ratio implied aggregate consideration of about $105.9 million at $37.79 per share and $118.0 million at $42.39 per share, assuming no adjustment. The new SPFI shares would equal about 14.59% of the combined company. BOH shareholders will vote on March 20, 2026, with a two‑thirds approval requirement, and the parties expect tax‑free reorganization treatment under Section 368(a), while BOH holders also have statutory dissenters’ rights under Texas law.