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, 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.
South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith reported several equity transactions on January 5, 2026. The filing shows 1,108 shares of common stock were withheld at $38.28 per share in a transaction coded "F," typically used for shares withheld to cover taxes on equity awards. He also reported acquiring 3,211 shares of common stock at $38.92 per share in a transaction coded "A," bringing his directly held common stock to 461,119 shares, which include restricted stock units subject to vesting and forfeiture conditions.
Indirect holdings are reported as 45,360 shares owned by his spouse and additional blocks held in multiple family trusts, some of which he expressly disclaims beneficial ownership except for any pecuniary interest. Griffith was also granted 10,644 stock options with an exercise price of $38.92 per share, expiring on January 5, 2036. Twenty-five percent of these options vest on the first anniversary of January 5, 2026, with the remainder vesting monthly over the following 36 months, and they become fully vested earlier upon disability, death, or a change in control.
South Plains Financial president Cory T. Newsom, a director and officer of SOUTH PLAINS FINANCIAL, INC. (SPFI), reported equity transactions dated January 5, 2026. He had 2,071 shares of common stock withheld and disposed of at $38.28 per share (code F), typically used to cover tax obligations, and acquired 6,423 shares of common stock at $38.92 per share (code A). After these transactions, he beneficially owned 294,897 shares of common stock directly, which include restricted stock units subject to vesting and forfeiture conditions, and 643 shares indirectly through his spouse.
He also received 18,031 stock options (right to buy common stock) with an exercise price of $38.92 per share, expiring on January 5, 2036. According to the vesting terms, 25% of these options vest on the first anniversary of January 5, 2026, and the remainder vests monthly over the following 36 months, with full acceleration upon disability, death, or immediately prior to a change in control of the company.
South Plains Financial, Inc., parent of City Bank, has entered into a merger agreement with BOH Holdings, Inc., effective December 1, 2025. The proposed transaction is expected to close in April 2026, with banking data migration planned for May 8, 2026, subject to required regulatory approvals and BOH shareholder approval.
Until the transition is complete, it is business as usual for Bank of Houston customers: account numbers, cards, routing numbers, branch and ATM access, and hours are expected to remain unchanged, and statements will continue to come from Bank of Houston. Branches are expected to remain open and will transition to City Bank branding in May 2026. South Plains, headquartered in Lubbock, Texas, reports more than $4 billion in assets, operates 24 branch locations and seven mortgage locations across Texas and Eastern New Mexico, and trades on Nasdaq under the symbol SPFI.
South Plains Financial, Inc. filed a Form 13F reporting institutional holdings. The report lists 320 holdings with a total reported market value of $160,233,886. The filing was signed by Steven B. Crockett, CFO and Treasurer, on 11-13-2025.
The submission names City Bank as an included manager and gives the filer address as 5219 City Bank Parkway, Lubbock, TX 79407-3544. This filing is a standard quarterly holdings disclosure by an institutional investment manager.
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.
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.
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.