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. filings document the public-company record of a bank holding company for City Bank. Its Form 8-K disclosures cover operating results and financial condition, Regulation FD earnings materials, cash dividend declarations, material events, and the completed acquisition of BOH Holdings and Bank of Houston into South Plains and City Bank.
Proxy materials describe annual meeting voting matters, board and governance procedures, shareholder participation mechanics, and related corporate governance disclosures. Registration and transaction filings document common-stock issuance, capital-structure effects, risk factors, and material agreements associated with bank holding company transactions.
South Plains Financial director James D. Stein reported open-market sales of company stock. He sold 10,000 shares of Common Stock on May 8, 2026 at a weighted average price of $40.38 per share and 4,936 shares on May 11, 2026 at a weighted average price of $40.06. After these transactions, he directly holds 357,936 shares. The sales were executed through a broker-dealer in multiple trades each day and reported on an aggregate, weighted-average basis, with actual prices ranging from $40.00 to $40.75 per share.
South Plains Financial, Inc. reported higher profitability for the three months ended March 31, 2026. Net income rose to $14.5 million from $12.3 million a year earlier, with diluted EPS increasing to $0.85 from $0.72.
Total assets reached $4.65 billion, up from $4.48 billion at year-end 2025, driven by higher cash and securities. Loans held for investment were $3.10 billion, slightly down from $3.14 billion, while deposits increased to $4.03 billion from $3.87 billion.
Net interest income improved to $42.9 million from $38.5 million, and noninterest income also grew modestly. Credit quality remained supported by an allowance for credit losses on loans of $44.8 million. Capital ratios stayed well above Basel III “well-capitalized” levels, with the consolidated total risk-based capital ratio at 17.61%.
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. is asking shareholders to vote at its 2026 virtual annual meeting on director elections, auditor ratification, and executive compensation. The meeting will be held online on May 11, 2026 at 2:00 p.m. Central Time, with March 19, 2026 as the record date.
Shareholders will elect two Class I directors to terms ending in 2029, vote on ratifying Forvis Mazars, LLP as independent auditor for the year ending December 31, 2026, and cast an advisory Say on Pay vote on compensation for named executive officers. The company had 16,342,095 common shares outstanding on the record date, and emphasizes performance-based pay using profitability, efficiency ratio, and asset quality metrics.
South Plains Financial director James D. Stein acquired 372,872 shares of common stock through a share-for-share merger conversion. The acquisition, dated April 1, 2026, was reported at a price of $0.00 per share, reflecting equity issued under an Agreement and Plan of Reorganization with BOH Holdings.
Under that agreement, each share of BOH common stock converted into the right to receive 0.1925 shares of South Plains Financial stock, and BOH restricted stock awards also converted into the same per share merger consideration. Following this transaction, Stein directly holds 372,872 shares, indicating this filing records his full post-merger equity position rather than an open-market purchase.
South Plains Financial, Inc. director James D. Stein has filed an insider ownership report on SEC Form 3. The filing identifies Stein as a director of the company and shows no reported purchases, sales, exercises, gifts, or other insider transactions in this submission.
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.