South Plains Financial Completes Acquisition, Reports Officer Changes
Ticker: SPFI · Form: 8-K · Filed: 2026-04-01T17:00:40-04:00
Sentiment: neutral
Topics: acquisition, officer-changes, filing
TL;DR
SPFI closed an asset deal, swapped some execs, and filed financials. Big day.
AI Summary
On April 1, 2026, SOUTH PLAINS FINANCIAL, INC. filed an 8-K report detailing the completion of an acquisition or disposition of assets. The filing also announced changes in officers and directors, along with compensatory arrangements. Additionally, the company reported on other events and financial statements/exhibits.
Why It Matters
This filing indicates significant corporate activity for South Plains Financial, including asset transactions and leadership adjustments, which could impact its business strategy and financial performance.
Risk Assessment
Risk Level: medium — The filing involves an acquisition and changes in officers/directors, which can introduce operational and strategic risks.
Key Numbers
- 0001140361-26-012794 — SEC Accession Number (Unique identifier for this specific SEC filing.)
- 2026-04-01 — Filing Date (The date the report was officially filed with the SEC.)
Key Players & Entities
- SOUTH PLAINS FINANCIAL, INC. (company) — Filer of the 8-K report
- 0001163668 (company) — CIK number for SOUTH PLAINS FINANCIAL, INC.
- 0001140361-26-012794 (dollar_amount) — SEC Accession Number for the filing
- 2026-04-01 (dollar_amount) — Filing Date and Period of Report
FAQ
What specific assets were acquired or disposed of by SOUTH PLAINS FINANCIAL, INC.?
The filing indicates 'Completion of Acquisition or Disposition of Assets' under Item 2.01, but the specific details of the assets are not provided in the summary information.
Who are the new officers or directors appointed, and who departed?
Item 5.02 of the filing addresses 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', but the names of individuals are not listed in the provided text.
What are the 'Other Events' mentioned in Item 8.01?
Item 8.01 is listed as 'Other Events', but the nature of these events is not detailed in the provided filing summary.
What financial statements or exhibits are included with this filing?
Item 9.01 indicates 'Financial Statements and Exhibits', and specific exhibits like EXHIBIT 10.1 and EXHIBIT 99.1 are listed, along with an iXBRL 8-K document.
What is the primary business of SOUTH PLAINS FINANCIAL, INC.?
SOUTH PLAINS FINANCIAL, INC. is identified as a 'State Commercial Bank' with SIC code 6022.
From the Filing
EDGAR Filing Documents for 0001140361-26-012794 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home » Company Search » Current Page Form 8-K - Current report: SEC Accession No. 0001140361-26-012794 Filing Date 2026-04-01 Accepted 2026-04-01 17:00:40 Documents 14 Period of Report 2026-04-01 Items Item 2.01: Completion of Acquisition or Disposition of Assets Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits Interactive Data Document Format Files Seq Description Document Type Size 1 8-K ef20069677_8k.htm iXBRL 8-K 37102 2 EXHIBIT 10.1 ef20069677_ex10-1.htm EX-10.1 148458 3 EXHIBIT 99.1 ef20069677_ex99-1.htm EX-99.1 7018 7 image0.jpg GRAPHIC 66278 Complete submission text file 0001140361-26-012794.txt 449772 Data Files Seq Description Document Type Size 4 XBRL TAXONOMY EXTENSION SCHEMA spfi-20260401.xsd EX-101.SCH 3868 5 XBRL TAXONOMY EXTENSION LABEL LINKBASE spfi-20260401_lab.xml EX-101.LAB 21966 6 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE spfi-20260401_pre.xml EX-101.PRE 16046 17 EXTRACTED XBRL INSTANCE DOCUMENT ef20069677_8k_htm.xml XML 4070 Mailing Address 5219 CITY BANK PARKWAY LUBBOCK TX 79407-3544 Business Address 5219 CITY BANK PARKWAY LUBBOCK TX 79407-3544 806-792-7101 SOUTH PLAINS FINANCIAL, INC. (Filer) CIK : 0001163668 (see all company filings) EIN. : 000000000 | State of Incorp.: TX | Fiscal Year End: 1231 Type: 8-K | Act: 34 | File No.: 001-38895 | Film No.: 26829254 SIC : 6022 State Commercial Banks (CF Office: 02 Finance)