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. filed a Form 13F reporting institutional holdings through its manager, listing 344 information-table entries with a combined market value of $168,128,881. The report names City Bank as an included manager and is signed by Steven B. Crockett, CFO and Treasurer.
South Plains Financial, Inc. insider activity: Chairman and CEO Curtis C. Griffith reported a bona fide gift of 4,000 shares of common stock on February 11, 2026, at a stated price of $0 per share. After this transfer, he directly holds 457,119 common shares, which include restricted stock units subject to vesting and forfeiture conditions.
Griffith also reports indirect holdings, including 45,360 shares owned by his spouse and 435,000 shares held by the Curtis C. Griffith 2021 Irrevocable Trust, for which his spouse serves as trustee and family members are beneficiaries. Additional indirect holdings are reported in several 2021 family trusts (RTW, BLW, WHW, SSG, and JBG Trusts), with reported positions of 64,000 or 87,000 shares each and Griffith serving as trustee. He disclaims beneficial ownership of certain indirect holdings except to the extent of any pecuniary interest.
South Plains Financial, Inc. (SPFI) is proposing an all‑stock acquisition of BOH Holdings, Inc., using newly issued SPFI shares registered on a Form S‑4. BOH will merge into SPFI, and Bank of Houston will merge into SPFI’s subsidiary City Bank, with City Bank as the surviving bank.
Each BOH common share will convert into 0.1925 shares of SPFI common stock, subject to potential downward adjustment if BOH’s adjusted shareholders’ equity falls below $70.5 million, plus cash instead of fractional SPFI shares. BOH warrants and stock appreciation rights will be cashed out if they are in‑the‑money, and BOH restricted stock will vest and convert into the same stock consideration.
Based on SPFI’s November 28, 2025 closing price of $37.79, the agreed exchange ratio implied about $105.9 million of SPFI stock for all BOH common shares, with the actual value at closing depending on SPFI’s trading price. The parties expect the merger to qualify as a tax‑free “reorganization” for BOH shareholders (except for cash in lieu of fractional shares).
South Plains Financial, Inc. reported solid fourth quarter and full-year 2025 results, highlighted by strong earnings growth and healthy asset quality. Fourth quarter net income was $15.3 million, or $0.90 diluted EPS, while full-year net income reached $58.5 million with diluted EPS of $3.44, a 17.8% increase over 2024. Net interest margin rose to 4.00% in the fourth quarter from 3.75% a year earlier as the average cost of deposits declined.
Loans held for investment grew to $3.14 billion and deposits to $3.87 billion at December 31, 2025. Full-year return on average assets was 1.33%, and the efficiency ratio was 62.32%, indicating solid profitability. Credit metrics remained favorable, with nonperforming assets at 0.26% of total assets and net charge-offs at 0.10% annualized in the fourth quarter. Tangible book value per share increased 14.4% to $29.05, supported by strong earnings and improved accumulated other comprehensive income.
The company also highlighted its December 2025 definitive merger agreement with BOH Holdings, Inc., which is expected to expand its presence and scale in the fast-growing Houston market, subject to customary approvals.
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 Chairman and CEO Curtis C. Griffith reported an option exercise and related share withholding, and then amended the prior report to correct a checkbox error. On 12/31/2025, he exercised 3,000 stock options at an exercise price of $8.60 per share, acquiring 3,000 shares of common stock. On the same date, 1,224 shares of common stock were disposed of at $39.61 per share in a transaction coded "F," reflecting shares withheld to cover taxes. Following these transactions, he directly held 459,016 shares of common stock, with additional indirect holdings reported in the name of his spouse and several 2021 family trusts. The amendment states it was filed solely to correct the inadvertent checking of the box indicating the transactions were made under a Rule 10b5-1(c) trading plan.
South Plains Financial, Inc. insider Mikella D. Newsom, Chief Risk Officer & Secretary, filed an amended Form 4 for transactions dated 12/31/2025. The amendment corrects a prior filing that had inadvertently checked the box indicating the trades were made under a Rule 10b5-1(c) trading plan.
On 12/31/2025, stock options with a $8.6 exercise price to acquire 3,000 shares of common stock were exercised for her account and 3,000 shares for her spouse’s account. In connection with these exercises, 1,224 shares were disposed of at $39.61 in each account, reported with code "F" as shares withheld for taxes.
After these transactions, she beneficially owned 48,292 shares directly and 24,625 shares indirectly through her spouse. The directly owned amount includes 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, Inc. reported an amended insider transaction for COO of City Bank, Paul A. Ehlers, dated 12/31/2025. Ehlers exercised 6,000 stock options with an exercise price of $8.6 per share, receiving 6,000 shares of common stock.
On the same date, 2,447 shares of common stock were disposed of at $39.61 per share under code F, reflecting shares withheld or surrendered to cover taxes. Following these transactions, Ehlers beneficially owned 86,120 shares of common stock, held directly. The amendment was filed to correct the earlier indication that the transaction had been made under a Rule 10b5-1(c) trading plan.
South Plains Financial, Inc. president and director Cory T. Newsom reported an insider equity transaction. On 12/31/2025, he exercised 9,000 stock options with an exercise price of $8.6 per share, receiving the same number of common shares. On the same date, he disposed of 3,670 shares of common stock at a price of $39.61 per share in a separate transaction coded "F." After these transactions, he directly beneficially owned 290,545 shares of South Plains Financial common stock and indirectly owned 643 shares through his spouse.