Every 8-K that South Plains Financial, Inc. (SPFI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SPFI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPFI filings page.
South Plains Financial reported net income of $19.0 million for the quarter ended June 30, 2026, with diluted EPS of $0.96. Net interest income rose to $50.3 million and net interest margin was 4.00%, reflecting higher earning assets while holding margin essentially stable.
Results were significantly influenced by the April 1, 2026 acquisition of Bank of Houston, which added about $667 million of interest-earning assets and helped lift loans held for investment to $3.77 billion and deposits to $4.64 billion. Noninterest income increased to $14.1 million on stronger mortgage banking and card revenues, while noninterest expense rose to $39.9 million, including $1.1 million of acquisition-related costs.
Asset quality remained solid, with nonperforming assets at 0.19% of total assets, an allowance for credit losses of 1.41% of loans, and annualized net charge-offs of 0.06%. Capital stayed strong, highlighted by a 10.47% tangible common equity to tangible assets ratio and book value per share of $33.43. The board declared a $0.18 quarterly cash dividend per share, a 6% increase, payable August 10, 2026 to shareholders of record on July 27, 2026.
South Plains Financial, Inc. announced a planned leadership transition and governance changes. Chairman and CEO Curtis C. Griffith will retire as Chief Executive Officer effective December 31, 2026, remain Chairman, and continue as a director of the Company and City Bank.
The board appointed Cory T. Newsom, currently President and a long-time executive and director, to become Chief Executive Officer effective upon Griffith’s retirement. Griffith entered into a Retirement and Consultancy Agreement providing severance consistent with a termination without cause, a monthly consultancy fee, accelerated equity vesting, COBRA-related payments, and a $125,000 restricted stock unit grant vesting one year after January 1, 2027.
The Company and Griffith also plan a Stock Repurchase Agreement under which the Company will repurchase 300,000 shares of its common stock from Griffith in a private transaction on or before June 30, 2026 at a price equal to the prior-day closing market price. Separately, the Company terminated a Board Representation Agreement with Henry TAW LP after its ownership fell below 10%, while its designee Richard D. Campbell will continue to serve as Lead Independent Director and is expected to be nominated for re-election in 2029.
South Plains Financial, Inc. reported results of its 2026 Annual Meeting of Shareholders held virtually on May 11, 2026. There were 16,342,095 common shares outstanding and entitled to vote as of March 19, 2026, and 14,766,189 shares were represented, establishing a quorum.
Shareholders elected two Class I directors: Richard D. Campbell and LaDana R. Washburn, each to serve until the 2029 annual meeting or earlier departure. They also ratified Forvis Mazars, LLP as independent registered public accounting firm for the year ending December 31, 2026.
In addition, shareholders approved, on a non-binding advisory basis, the Company’s compensation for named executive officers. The common stock trades on The Nasdaq Stock Market LLC under the symbol SPFI.
South Plains Financial, Inc. reported first-quarter 2026 net income of $14.5 million, up from $12.3 million a year earlier, with diluted EPS of $0.85. Net interest income was $42.9 million and tax-equivalent net interest margin held strong at 4.04% as loan yields improved and deposit costs declined.
Loans held for investment were $3.10 billion, down modestly from year-end due to an expected payoff of a large multifamily loan and seasonal agricultural paydowns, while deposits grew to $4.03 billion, supported by organic retail, commercial, and public fund inflows. Asset quality strengthened, with nonperforming assets to total assets improving to 0.13% and annualized net charge-offs at 0.04%.
Capital remained robust: book value per share rose to $30.90 and tangible book value per share to $29.65, with a tangible common equity to tangible assets ratio of 10.48% and common equity tier 1 capital of 14.80%. The company also completed its merger with BOH Holdings, Inc. effective April 1, 2026, which management describes as approximately 11% EPS accretive with a tangible book value earnback under three years.
South Plains Financial, Inc., parent of City Bank, announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share on its common stock. The dividend will be paid on May 11, 2026 to shareholders of record as of the close of business on April 27, 2026.
South Plains Financial, Inc. completed its acquisition of BOH Holdings, Inc., merging BOH into South Plains and Bank of Houston into City Bank, effective April 1, 2026. Each BOH share was converted into 0.1925 shares of South Plains common stock, with holders receiving approximately 2.8 million South Plains shares in total.
As of December 31, 2025, BOH reported total assets of $744 million, total loans of $624 million, and total deposits of $603 million. Following the merger, James D. Stein joined the South Plains and City Bank boards and signed a two-year employment agreement as Houston Market President – BOH with a base salary of $350,000 and performance-based bonus opportunity partly in cash and partly in fully vested RSUs.
South Plains Financial, Inc. received all required regulatory approvals and BOH Holdings, Inc. shareholder approval for their previously announced merger, clearing the way to close the transaction. The merger, including the subsequent combination of Bank of Houston into City Bank, is expected to be completed on April 1, 2026, subject to customary closing conditions.
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, Inc. reported that it has released its financial results for the fourth quarter and full year ended December 31, 2025. The company issued a detailed press release and an accompanying earnings slide presentation, which are furnished as Exhibits 99.1 and 99.2.
Company officers are hosting a conference call on January 26, 2026 at 5:00 p.m. Eastern Time to discuss these results. The earnings presentation is also available on the company’s website under the “News & Events” section, giving investors additional insight into the quarterly and annual performance.
South Plains Financial, Inc. declared a quarterly cash dividend of $0.17 per share on its outstanding common stock. The board approved this dividend on January 22, 2026. The dividend is scheduled to be paid on February 17, 2026 to shareholders of record at the close of business on February 2, 2026. The company furnished a press release with these details as an exhibit to the report.
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.
South Plains Financial, Inc. redeemed its entire $50,000,000 outstanding principal amount of its 4.50% Fixed to Floating Rate Subordinated Notes due 2030. The notes were redeemed on September 30, 2025 at 100% of their principal amount, plus any accrued and unpaid interest up to, but not including, the redemption date, in line with the terms of the 2020 indenture with UMB Bank as trustee.
The company’s primary federal regulator approved the redemption on August 22, 2025, confirming regulatory support for retiring this layer of subordinated debt.
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.