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AI brief of an SEC Form 8-K · SOUTH PLAINS FINANCIAL, INC. (SPFI)

South Plains Financial Q3 net income rises to $20.8 million; CEO to retire at year-end

Positive Impact 4 of 5 earnings Written later

South Plains Financial reported third-quarter 2026 net income of $20.8 million, or $1.06 diluted earnings per share, up from $19.0 million, or $0.96 per share, in the second quarter of 2026 and from $16.3 million, or $0.96 per share, in the third quarter of 2025. The company also declared a quarterly cash dividend of $0.19 per share and said Chairman and CEO Curtis Griffith will retire as CEO at the end of 2026, with President Cory Newsom named as his successor. Shareholders get higher reported earnings and a leadership transition in the same release.

Key points

  • Net income was $20.8 million for Q3 2026, compared with $19.0 million in Q2 2026 and $16.3 million in Q3 2025.
  • Diluted EPS was $1.06, compared with $0.96 in Q2 2026 and $0.96 in Q3 2025.
  • Quarterly cash dividend of $0.19 per share, payable November 16, 2026, to holders of record as of November 2, 2026.
  • Curtis Griffith plans to retire as CEO at the end of 2026; Cory Newsom was appointed as his successor and Griffith will remain Chairman.

The filing

CompanySOUTH PLAINS FINANCIAL, INC. (SPFI)
Form8-K, current report
Filed with the SECOct 22, 2026, 4:30 PM ET
Accession number0001140361-26-040519

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.