South Plains Financial (SPFI) Financials

$39.07 +0.08 (+0.21%)

As of 03:48 PM Eastern

Annual Income Statements for South Plains Financial

This table shows South Plains Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	29	45	59	58	63	50	58
Consolidated Net Income / (Loss)	29	45	59	58	63	50	58
Net Income / (Loss) Continuing Operations	29	45	59	58	63	50	58
Total Pre-Tax Income	37	57	73	73	79	63	74
Total Revenue	161	224	219	215	219	195	212
Net Interest Income / (Expense)	105	122	122	138	140	147	167
Total Interest Income	133	138	135	161	212	241	252
Loans and Leases Interest Income	117	122	121	138	177	202	211
Investment Securities Interest Income	9.91	16	14	20	25	24	22
Federal Funds Sold and Securities Borrowed Interest Income	6.13	0.69	0.41	3.68	9.97	14	19
Total Interest Expense	28	16	13	23	72	94	85
Deposits Interest Expense	22	12	8.29	17	65	87	79
Long-Term Debt Interest Expense	5.88	4.05	4.98	5.69	7.30	6.72	5.64
Total Non-Interest Income	57	102	97	76	79	48	45
Service Charges on Deposit Accounts	8.13	7.03	6.96	6.83	7.13	8.03	8.82
Other Service Charges	21	24	34	44	23	25	22
Net Realized & Unrealized Capital Gains on Investments	24	66	51	21	45	11	9.61
Investment Banking Income	1.71	1.70	1.93	1.83	1.70	1.70	1.70
Other Non-Interest Income	2.31	3.19	2.92	2.39	2.43	2.72	2.93
Provision for Credit Losses	2.80	26	-1.92	-2.62	4.61	4.30	5.20
Total Non-Interest Expense	122	142	148	144	135	128	133
Salaries and Employee Benefits	75	89	93	86	79	74	77
Net Occupancy & Equipment Expense	16	18	19	20	20	20	21
Marketing Expense	3.02	3.09	3.23	3.61	3.45	3.78	4.02
Other Operating Expenses	27	31	33	34	33	29	31
Income Tax Expense	7.48	11	15	15	17	14	16
Basic Earnings per Share	$1.74	$2.51	$3.26	$3.35	$3.73	$3.03	$3.59
Diluted Earnings per Share	$1.71	$2.47	$3.17	$3.23	$3.62	$2.92	$3.44
Cash Dividends to Common per Share	$0.06	$0.14	$0.30	$0.46	$0.52	$0.56	$0.62

This table shows South Plains Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	13	10	11	11	11	16	12	15	16	15	15
Consolidated Net Income / (Loss)	13	10	11	11	11	16	12	15	16	15	15
Net Income / (Loss) Continuing Operations	13	10	11	11	11	16	12	15	16	15	15
Total Pre-Tax Income	17	13	14	14	14	21	16	19	21	19	18
Total Revenue	48	44	47	49	48	52	49	55	54	54	54
Net Interest Income / (Expense)	36	35	35	36	37	39	39	43	43	43	43
Total Interest Income	57	57	59	59	62	61	60	64	65	63	63
Loans and Leases Interest Income	46	48	49	51	52	51	51	54	54	53	53
Investment Securities Interest Income	6.26	6.38	6.32	6.09	6.10	5.80	5.49	5.50	5.49	5.46	5.14
Federal Funds Sold and Securities Borrowed Interest Income	4.03	2.96	3.48	2.55	4.03	4.27	3.86	4.75	5.10	5.14	4.82
Total Interest Expense	21	22	23	23	24	23	21	22	22	20	20
Deposits Interest Expense	19	20	22	22	23	21	20	20	20	20	19
Long-Term Debt Interest Expense	1.87	1.86	1.70	1.69	1.69	1.64	1.57	1.57	1.58	0.93	0.90
Total Non-Interest Income	12	9.15	11	13	11	13	11	12	11	11	11
Service Charges on Deposit Accounts	1.84	1.84	1.81	1.95	2.02	2.24	2.14	2.10	2.27	2.32	2.26
Other Service Charges	6.50	4.24	5.75	6.80	4.89	7.65	4.72	6.29	5.40	5.41	5.36
Net Realized & Unrealized Capital Gains on Investments	2.92	1.95	2.65	2.79	2.72	2.37	2.59	2.66	2.34	2.02	2.33
Investment Banking Income	0.43	0.46	0.43	0.45	0.39	0.43	0.43	0.43	0.43	0.41	0.56
Other Non-Interest Income	0.58	0.65	0.75	0.72	0.61	0.63	0.74	0.69	0.73	0.77	0.79
Provision for Credit Losses	-0.70	0.60	0.83	1.78	0.50	1.20	0.42	2.50	0.50	1.78	0.26
Total Non-Interest Expense	31	31	32	33	33	30	33	34	33	33	36
Salaries and Employee Benefits	19	18	19	19	19	17	19	20	19	18	20
Net Occupancy & Equipment Expense	4.93	4.70	4.91	5.12	5.35	5.02	5.19	5.15	5.23	5.18	5.33
Marketing Expense	0.85	0.88	0.75	0.86	1.02	1.15	0.91	0.92	0.98	1.22	1.00
Other Operating Expenses	7.00	7.04	7.28	7.40	8.00	6.39	7.49	7.76	7.40	8.24	9.04
Income Tax Expense	3.68	2.79	3.14	3.12	3.09	4.22	3.41	4.02	4.34	3.83	3.82
Basic Earnings per Share	$0.80	$0.65	$0.66	$0.68	$0.68	$1.01	$0.75	$0.90	$1.00	$0.94	$0.89
Weighted Average Basic Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	-	0.00	19.15M
Diluted Earnings per Share	$0.78	$0.60	$0.64	$0.66	$0.66	$0.96	$0.72	$0.86	$0.96	$0.90	$0.85
Weighted Average Diluted Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	-	0.00	19.15M
Weighted Average Basic & Diluted Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	-	0.00	19.15M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.14	$0.14	-	$0.15	$0.15	$0.16	-	$0.17

This table details how cash moves in and out of South Plains Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-88	142	187	-252	95	29	193
Net Cash From Operating Activities	30	5.63	96	124	59	59	77
Net Cash From Continuing Operating Activities	30	5.63	96	124	59	59	77
Net Income / (Loss) Continuing Operations	29	45	59	58	63	50	58
Consolidated Net Income / (Loss)	29	45	59	58	63	50	58
Provision For Loan Losses	2.80	26	-1.92	-2.62	4.75	4.41	5.30
Depreciation Expense	5.23	6.58	6.44	6.97	6.41	6.51	5.81
Amortization Expense	0.25	3.17	4.51	4.07	3.38	2.84	2.71
Non-Cash Adjustments to Reconcile Net Income	-12	-74	25	41	-13	-6.26	12
Changes in Operating Assets and Liabilities, net	4.83	-1.41	3.19	16	-5.84	2.17	-7.28
Net Cash From Investing Activities	-213	-156	-160	-409	-143	-14	-68
Net Cash From Continuing Investing Activities	-213	-156	-160	-409	-143	-14	-68
Purchase of Property, Leasehold Improvements and Equipment	-4.00	-3.31	-2.92	-4.47	-4.68	-3.35	-5.79
Purchase of Investment Securities	-483	-365	-280	-488	-470	-351	-517
Sale of Property, Leasehold Improvements and Equipment	0.21	0.22	1.46	0.48	0.97	0.38	2.26
Divestitures	78	-	0.00	0.00	36	0.00	0.00
Sale and/or Maturity of Investments	196	212	122	83	294	340	452
Net Cash From Financing Activities	95	293	250	33	180	-17	184
Net Cash From Continuing Financing Activities	95	293	250	33	180	-17	184
Net Change in Deposits	33	277	367	65	220	-5.28	253
Issuance of Common Equity	51	0.00	-	-	0.00	0.00	0.45
Repayment of Debt	12	-106	-75	0.00	-12	0.00	-50
Repurchase of Common Equity	0.00	-0.29	-9.23	-23	-18	-1.34	-8.53
Payment of Dividends	-1.08	-2.53	-5.39	-8.01	-8.75	-9.15	-10
Other Financing Activities, Net	0.00	-0.32	-0.63	-1.17	-0.73	-0.76	-0.93
Cash Interest Paid	28	16	13	22	70	93	86

This table details how cash moves in and out of South Plains Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	57	-22	42	-74	173	-112	177	-66	165	-83	170
Net Cash From Operating Activities	26	6.56	19	18	18	4.17	26	15	24	12	16
Net Cash From Continuing Operating Activities	26	6.56	19	18	18	4.17	26	15	24	12	16
Net Income / (Loss) Continuing Operations	13	10	11	11	11	16	12	15	16	15	15
Consolidated Net Income / (Loss)	13	10	11	11	11	16	12	15	16	15	15
Provision For Loan Losses	-0.70	0.65	0.83	1.78	0.50	1.31	0.42	2.50	0.50	1.88	0.36
Depreciation Expense	1.54	1.63	1.63	1.63	1.66	1.60	1.48	1.46	1.42	1.46	1.50
Amortization Expense	0.75	0.65	0.59	0.75	0.75	0.75	0.74	0.74	0.72	0.52	0.56
Non-Cash Adjustments to Reconcile Net Income	0.95	7.03	-1.33	-1.22	6.27	-9.99	8.20	-4.16	4.44	4.00	-7.21
Changes in Operating Assets and Liabilities, net	10	-14	6.57	4.10	-2.51	-5.99	2.97	-0.40	0.82	-11	6.41
Net Cash From Investing Activities	-3.95	-14	12	-75	64	-15	-9.77	-26	52	-85	3.09
Net Cash From Continuing Investing Activities	-3.95	-14	12	-75	64	-15	-9.77	-26	52	-85	3.09
Purchase of Property, Leasehold Improvements and Equipment	-1.23	0.00	-0.47	-1.08	-0.77	-1.03	-1.14	-1.73	-1.75	-1.18	-1.35
Purchase of Investment Securities	-15	-222	-299	-84	55	-24	-22	-33	35	-497	-311
Sale of Property, Leasehold Improvements and Equipment	0.04	0.03	0.00	0.07	-	0.31	2.09	0.15	-	0.02	0.04
Sale and/or Maturity of Investments	12	209	312	9.15	9.16	10	11	9.42	18	413	315
Net Cash From Financing Activities	35	-15	10	-17	92	-102	161	-55	88	-10	150
Net Cash From Continuing Financing Activities	35	-15	10	-17	92	-102	161	-55	88	-10	150
Net Change in Deposits	46	5.54	12	-14	95	-98	172	-54	142	-7.07	154
Issuance of Common Equity	-	-	0.00	-	-	-	0.24	-	0.22	-	0.26
Repurchase of Common Equity	-9.31	-5.90	-0.04	-0.31	-1.00	-	-8.25	-0.28	-	-	0.00
Payment of Dividends	-2.19	-2.14	-2.13	-2.29	-2.29	-2.45	-2.47	-2.44	-2.60	-2.60	-2.77
Other Financing Activities, Net	-0.05	-0.34	-0.13	-	-	-0.63	-0.26	-0.02	-	-0.66	-0.70
Cash Interest Paid	21	21	24	21	26	21	22	22	22	20	20
Cash Income Taxes Paid	15	3.16	0.00	3.63	4.70	4.21	0.00	6.82	4.62	-	0.00

This table presents South Plains Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,713	3,237	3,599	3,902	3,944	4,205	4,232	4,481
Cash and Due from Banks	48	56	76	555	62	63	54	58
Interest Bearing Deposits at Other Banks	198	102	224	418	173	267	305	494
Trading Account Securities	338	757	915	801	732	637	598	578
Loans and Leases, Net of Allowance	1,934	2,119	-46	-42	-39	-42	-43	-45
Allowance for Loan and Lease Losses	23	24	46	42	39	42	43	45
Premises and Equipment, Net	60	62	60	58	56	55	53	52
Goodwill	-	19	20	20	20	19	19	19
Intangible Assets	0.00	8.63	7.56	5.90	4.35	2.43	1.72	1.13
Other Assets	96	114	2,342	2,573	2,936	3,203	3,245	3,324
Total Liabilities & Shareholders' Equity	2,713	3,237	3,599	3,902	3,944	4,205	4,232	4,481
Total Liabilities	2,500	2,931	3,229	3,494	3,587	3,798	3,793	3,987
Non-Interest Bearing Deposits	510	791	917	1,071	1,150	974	936	1,024
Interest Bearing Deposits	1,767	1,906	2,057	2,270	2,256	2,652	2,685	2,851
Long-Term Debt	175	168	197	122	122	110	110	60
Other Long-Term Liabilities	29	29	31	31	58	61	62	52
Total Equity & Noncontrolling Interests	155	306	370	407	357	407	439	494
Total Preferred & Common Equity	155	306	370	407	357	407	439	494
Total Common Equity	155	306	370	407	357	407	439	494
Common Stock	95	159	159	151	130	114	114	107
Retained Earnings	120	147	190	243	292	345	386	434
Accumulated Other Comprehensive Income / (Loss)	-2.24	0.96	21	14	-65	-52	-61	-48

This table presents South Plains Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,993	4,058	4,150	4,186	4,219	4,221	4,338	4,405	4,364	4,479	4,646
Cash and Due from Banks	53	379	64	45	41	46	61	56	60	56	46
Interest Bearing Deposits at Other Banks	277	277	231	308	331	252	410	480	410	579	676
Trading Account Securities	738	719	650	605	616	608	618	585	587	584	620
Loans and Leases, Net of Allowance	-40	-40	-43	-42	-42	-43	-43	-43	-45	-44	-45
Allowance for Loan and Lease Losses	40	40	43	42	42	43	43	43	45	44	45
Premises and Equipment, Net	57	56	56	56	54	54	53	51	51	52	52
Goodwill	20	20	19	19	19	19	19	19	19	19	19
Intangible Assets	4.72	3.99	2.83	2.62	2.25	2.06	1.88	1.57	1.42	1.27	1.01
Other Assets	2,883	2,971	3,169	3,193	3,198	3,283	3,217	3,255	3,279	3,232	3,277
Total Liabilities & Shareholders' Equity	3,993	4,058	4,150	4,186	4,219	4,221	4,338	4,405	4,364	4,479	4,646
Total Liabilities	3,651	3,690	3,758	3,815	3,810	3,803	3,895	3,961	3,910	4,002	4,141
Non-Interest Bearing Deposits	1,262	1,111	1,101	1,046	974	952	998	966	999	1,050	1,034
Interest Bearing Deposits	2,198	2,397	2,474	2,574	2,664	2,673	2,721	2,826	2,740	2,832	2,993
Long-Term Debt	122	122	122	122	110	110	110	110	110	60	60
Other Long-Term Liabilities	68	60	61	72	61	68	65	59	59	60	53
Total Equity & Noncontrolling Interests	342	368	392	372	409	418	443	444	454	478	505
Total Preferred & Common Equity	342	368	392	372	409	418	443	444	454	478	505
Total Common Equity	342	368	392	372	409	418	443	444	454	478	505
Common Stock	134	130	128	119	114	114	114	106	106	107	108
Retained Earnings	282	298	326	337	354	363	372	396	408	422	446
Accumulated Other Comprehensive Income / (Loss)	-74	-60	-62	-85	-59	-59	-42	-58	-60	-51	-49

This table displays calculated financial ratios and metrics derived from South Plains Financial's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	18,007,041.00	18,059,174.00	17,789,192.00	-	-	-	16,236,701.00
DEI Adjusted Shares Outstanding	18,007,041.00	18,059,174.00	17,789,192.00	-	-	-	16,236,701.00
DEI Earnings Per Adjusted Shares Outstanding	1.62	2.51	3.29	-	-	-	3.60
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	38.88%	-2.08%	-2.10%	2.03%	-10.87%	8.57%
EBITDA Growth	0.00%	57.30%	26.72%	0.14%	5.97%	-18.57%	13.70%
EBIT Growth	0.00%	54.23%	29.18%	0.04%	8.57%	-20.30%	17.03%
NOPAT Growth	0.00%	55.21%	29.24%	-0.64%	7.74%	-20.76%	17.61%
Net Income Growth	0.00%	55.21%	29.24%	-0.64%	7.74%	-20.76%	17.61%
EPS Growth	0.00%	44.44%	28.34%	1.89%	12.07%	-19.34%	17.81%
Operating Cash Flow Growth	0.00%	-81.54%	1,610.88%	28.38%	-52.63%	1.44%	30.50%
Free Cash Flow Firm Growth	0.00%	0.00%	431.21%	-11.53%	-77.11%	-28.73%	202.01%
Invested Capital Growth	0.00%	16.11%	-10.78%	-9.48%	7.91%	6.19%	0.92%
Revenue Q/Q Growth	0.00%	0.00%	-0.98%	-2.45%	-2.10%	4.03%	0.96%
EBITDA Q/Q Growth	0.00%	650.50%	-1.95%	-2.60%	-3.59%	11.81%	-2.37%
EBIT Q/Q Growth	0.00%	0.00%	-2.20%	-2.92%	-3.56%	13.66%	-2.16%
NOPAT Q/Q Growth	0.00%	0.00%	-2.19%	-3.31%	-3.53%	14.18%	-2.08%
Net Income Q/Q Growth	0.00%	0.00%	-2.19%	-3.31%	-3.53%	14.18%	-2.08%
EPS Q/Q Growth	0.00%	0.00%	-2.16%	-2.42%	-2.95%	14.06%	-1.71%
Operating Cash Flow Q/Q Growth	0.00%	-86.56%	94.55%	-10.13%	3.38%	-3.87%	11.93%
Free Cash Flow Firm Q/Q Growth	0.00%	54.03%	26.65%	-6.91%	-28.93%	212.89%	-28.60%
Invested Capital Q/Q Growth	7.23%	6.52%	1.77%	3.29%	4.67%	-0.75%	2.98%
Profitability Metrics	-	-	-	-	-	-	-
EBITDA Margin	26.16%	29.63%	38.35%	39.23%	40.74%	37.22%	38.98%
EBIT Margin	22.77%	25.28%	33.35%	34.08%	36.27%	32.43%	34.96%
Profit (Net Income) Margin	18.13%	20.26%	26.74%	27.14%	28.65%	25.47%	27.60%
Tax Burden Percent	79.62%	80.12%	80.16%	79.62%	79.01%	78.55%	78.94%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.38%	19.88%	19.84%	20.38%	20.99%	21.45%	21.06%
Return on Invested Capital (ROIC)	5.72%	8.21%	10.44%	11.54%	12.59%	9.32%	10.60%
ROIC Less NNEP Spread (ROIC-NNEP)	5.72%	8.21%	10.44%	11.54%	12.59%	9.32%	10.60%
Return on Net Nonoperating Assets (RNNOA)	3.83%	5.20%	4.64%	3.69%	3.83%	2.43%	1.94%
Return on Equity (ROE)	9.54%	13.41%	15.08%	15.24%	16.42%	11.75%	12.54%
Cash Return on Invested Capital (CROIC)	0.00%	-6.70%	21.83%	21.50%	4.98%	3.32%	9.69%
Operating Return on Assets (OROA)	1.23%	1.66%	1.95%	1.86%	1.95%	1.50%	1.70%
Return on Assets (ROA)	0.98%	1.33%	1.56%	1.48%	1.54%	1.18%	1.34%
Return on Common Equity (ROCE)	8.47%	13.41%	15.08%	15.24%	16.42%	11.75%	12.54%
Return on Equity Simple (ROE_SIMPLE)	9.54%	12.26%	14.39%	16.31%	15.41%	11.33%	11.84%
Net Operating Profit after Tax (NOPAT)	29	45	59	58	63	50	58
NOPAT Margin	18.13%	20.26%	26.74%	27.14%	28.65%	25.47%	27.60%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	58.81%	49.37%	52.52%	51.12%	46.74%	50.47%	48.01%
Operating Expenses to Revenue	75.50%	63.30%	67.52%	67.14%	61.63%	65.37%	62.59%
Earnings before Interest and Taxes (EBIT)	37	57	73	73	79	63	74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	66	84	84	89	73	83
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	0.87	1.15	1.25	1.15	1.29	1.27
Price to Tangible Book Value (P/TBV)	1.25	0.94	1.23	1.34	1.21	1.36	1.33
Price to Revenue (P/Rev)	2.16	1.43	2.14	2.09	2.13	2.91	2.96
Price to Earnings (P/E)	11.94	7.07	8.01	7.69	7.44	11.41	10.73
Dividend Yield	0.31%	0.79%	1.14%	1.75%	1.84%	1.62%	1.60%
Earnings Yield	8.38%	14.14%	12.48%	13.00%	13.45%	8.77%	9.32%
Enterprise Value to Invested Capital (EV/IC)	0.77	0.41	0.00	0.70	0.48	0.58	0.24
Enterprise Value to Revenue (EV/Rev)	2.45	1.09	0.00	1.56	1.13	1.63	0.64
Enterprise Value to EBITDA (EV/EBITDA)	9.38	3.68	0.00	3.98	2.76	4.38	1.64
Enterprise Value to EBIT (EV/EBIT)	10.78	4.31	0.00	4.59	3.10	5.03	1.83
Enterprise Value to NOPAT (EV/NOPAT)	13.54	5.38	0.00	5.76	3.93	6.40	2.32
Enterprise Value to Operating Cash Flow (EV/OCF)	12.98	43.36	0.00	2.71	4.21	5.36	1.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	3.09	9.93	17.99	2.53
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.67	0.60	0.30	0.34	0.27	0.25	0.12
Long-Term Debt to Equity	0.55	0.53	0.30	0.34	0.27	0.25	0.12
Financial Leverage	0.67	0.63	0.44	0.32	0.30	0.26	0.18
Leverage Ratio	11.47	10.11	9.65	10.26	10.66	9.97	9.34
Compound Leverage Factor	11.47	10.11	9.65	10.26	10.66	9.97	9.34
Debt to Total Capital	40.11%	37.66%	23.07%	25.52%	21.30%	20.09%	10.91%
Short-Term Debt to Total Capital	7.27%	4.47%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.84%	33.19%	23.07%	25.52%	21.30%	20.09%	10.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.89%	62.34%	76.93%	74.48%	78.70%	79.91%	89.09%
Debt to EBITDA	4.86	3.37	1.45	1.45	1.23	1.52	0.73
Net Debt to EBITDA	1.11	-1.16	-10.13	-1.34	-2.47	-3.42	-5.96
Long-Term Debt to EBITDA	3.98	2.97	1.45	1.45	1.23	1.52	0.73
Debt to NOPAT	7.02	4.93	2.08	2.10	1.76	2.22	1.03
Net Debt to NOPAT	1.61	-1.69	-14.53	-1.93	-3.51	-5.00	-8.41
Long-Term Debt to NOPAT	5.74	4.34	2.08	2.10	1.76	2.22	1.03
Noncontrolling Interest Sharing Ratio	11.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-37	123	108	25	18	53
Operating Cash Flow to CapEx	804.54%	182.22%	6,584.88%	3,098.27%	1,576.60%	1,996.67%	2,192.70%
Free Cash Flow to Firm to Interest Expense	0.00	-2.32	9.24	4.78	0.34	0.19	0.63
Operating Cash Flow to Interest Expense	1.07	0.35	7.25	5.45	0.81	0.63	0.91
Operating Cash Flow Less CapEx to Interest Expense	0.94	0.16	7.14	5.27	0.76	0.60	0.87
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.05	0.07	0.06	0.05	0.05	0.05	0.05
Fixed Asset Turnover	2.65	3.66	3.71	3.76	3.93	3.61	4.05
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	511	594	530	479	517	549	554
Invested Capital Turnover	0.32	0.41	0.39	0.43	0.44	0.37	0.38
Increase / (Decrease) in Invested Capital	0.00	82	-64	-50	38	32	5.03
Enterprise Value (EV)	396	244	-382	335	247	318	135
Market Capitalization	349	321	470	448	467	567	627
Book Value per Share	$17.00	$20.49	$22.90	$21.00	$24.70	$26.78	$146.11
Tangible Book Value per Share	$15.48	$18.99	$21.48	$19.60	$23.38	$25.50	$140.06
Total Capital	511	594	530	479	517	549	554
Total Debt	205	224	122	122	110	110	60
Total Long-Term Debt	168	197	122	122	110	110	60
Net Debt	47	-77	-851	-113	-220	-249	-492
Capital Expenditures (CapEx)	3.79	3.09	1.46	3.99	3.71	2.97	3.53
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	205	224	122	122	110	110	60
Total Depreciation and Amortization (D&A)	5.48	9.74	11	11	9.79	9.35	8.53
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.51	$3.26	$3.35	$3.73	$3.03	$3.59
Adjusted Weighted Average Basic Shares Outstanding	0.00	18.04M	17.69M	17.05M	16.43M	16.49M	0.00
Adjusted Diluted Earnings per Share	$0.00	$2.47	$3.17	$3.23	$3.62	$2.92	$3.44
Adjusted Weighted Average Diluted Shares Outstanding	0.00	18.04M	17.69M	17.05M	16.43M	16.49M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	18.04M	17.69M	17.05M	16.43M	16.49M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	29	45	59	58	63	50	58
Normalized NOPAT Margin	18.13%	20.26%	26.74%	27.14%	28.65%	25.47%	27.60%
Pre Tax Income Margin	22.77%	25.28%	33.35%	34.08%	36.27%	32.43%	34.96%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	1.29	3.55	5.51	3.22	1.10	0.67	0.87
NOPAT to Interest Expense	1.03	2.84	4.42	2.57	0.87	0.53	0.69
EBIT Less CapEx to Interest Expense	1.16	3.36	5.40	3.05	1.05	0.64	0.83
NOPAT Less CapEx to Interest Expense	0.90	2.65	4.31	2.39	0.82	0.50	0.65
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	3.69%	5.57%	9.19%	13.76%	13.94%	18.41%	17.28%
Augmented Payout Ratio	3.69%	6.22%	24.93%	52.73%	42.25%	21.11%	31.86%

This table displays calculated financial ratios and metrics derived from South Plains Financial's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	16,485,647.00	16,227,687.00	16,236,701.00	16,236,701.00	16,236,701.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	16,485,647.00	16,227,687.00	16,236,701.00	16,236,701.00	16,236,701.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.75	0.90	1.01	0.94	0.90
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.41%	-9.57%	3.94%	-40.51%	-0.08%	17.06%	5.08%	12.49%	13.05%	3.89%	10.16%
EBITDA Growth	-12.29%	-17.76%	13.35%	-58.44%	-14.18%	49.88%	10.36%	25.17%	36.45%	-8.70%	13.97%
EBIT Growth	-11.55%	-18.27%	20.47%	-61.99%	-16.71%	58.03%	12.02%	30.70%	44.41%	-7.88%	16.93%
NOPAT Growth	-12.71%	-18.20%	17.63%	-62.49%	-16.91%	59.79%	13.06%	31.17%	45.54%	-7.53%	18.31%
Net Income Growth	-12.71%	-18.20%	17.63%	-62.49%	-16.91%	59.79%	13.06%	31.17%	45.54%	-7.53%	18.31%
EPS Growth	-9.30%	-15.49%	20.75%	-61.40%	-15.38%	60.00%	12.50%	30.30%	45.45%	-6.25%	18.06%
Operating Cash Flow Growth	-11.00%	41.23%	-24.49%	5,093.43%	-31.93%	-36.40%	36.20%	-18.88%	35.50%	198.01%	-38.03%
Free Cash Flow Firm Growth	-123.15%	-143.90%	-162.81%	-255.98%	-189.05%	43.73%	-29.60%	-773.37%	165.51%	165.88%	114.20%
Invested Capital Growth	6.49%	7.91%	5.82%	2.68%	11.98%	6.19%	6.79%	7.12%	-2.73%	0.92%	2.04%
Revenue Q/Q Growth	-41.29%	-7.63%	5.57%	3.89%	-1.37%	8.22%	-5.23%	11.22%	-0.89%	-0.55%	0.49%
EBITDA Q/Q Growth	-51.35%	-20.97%	5.50%	2.45%	0.46%	38.02%	-22.32%	16.20%	9.51%	-7.64%	-3.02%
EBIT Q/Q Growth	-54.19%	-23.67%	6.91%	1.66%	0.39%	44.83%	-24.21%	18.62%	10.93%	-7.62%	-3.80%
NOPAT Q/Q Growth	-54.54%	-23.49%	5.33%	2.39%	0.70%	47.14%	-25.48%	18.80%	11.73%	-6.52%	-4.65%
Net Income Q/Q Growth	-54.54%	-23.49%	5.33%	2.39%	0.70%	47.14%	-25.48%	18.80%	11.73%	-6.52%	-4.65%
EPS Q/Q Growth	-54.39%	-23.08%	6.67%	3.13%	0.00%	45.45%	-25.00%	19.44%	11.63%	-6.25%	-5.56%
Operating Cash Flow Q/Q Growth	7,401.14%	-75.01%	192.07%	-5.13%	-1.68%	-76.66%	525.48%	-43.49%	64.22%	-48.66%	30.06%
Free Cash Flow Firm Q/Q Growth	-1,082.78%	-66.11%	35.89%	85.10%	-1,721.24%	67.66%	-47.66%	-0.43%	236.62%	-67.48%	-68.16%
Invested Capital Q/Q Growth	-3.94%	4.67%	0.32%	1.80%	4.77%	-0.75%	0.88%	2.12%	-4.87%	2.98%	2.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.60%	34.73%	34.71%	34.23%	34.87%	44.47%	36.45%	38.09%	42.08%	39.08%	37.72%
EBIT Margin	35.81%	29.59%	29.97%	29.32%	29.85%	39.95%	31.95%	34.07%	38.13%	35.42%	33.91%
Profit (Net Income) Margin	28.13%	23.30%	23.25%	22.91%	23.39%	31.81%	25.01%	26.72%	30.12%	28.31%	26.86%
Tax Burden Percent	78.56%	78.74%	77.58%	78.13%	78.37%	79.62%	78.30%	78.42%	78.98%	79.92%	79.22%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.44%	21.26%	22.42%	21.87%	21.63%	20.38%	21.70%	21.58%	21.02%	20.08%	20.78%
Return on Invested Capital (ROIC)	13.13%	10.24%	10.17%	8.25%	8.38%	11.64%	9.21%	9.94%	11.58%	10.87%	10.41%
ROIC Less NNEP Spread (ROIC-NNEP)	13.13%	10.24%	10.17%	8.25%	8.38%	11.64%	9.21%	9.94%	11.58%	10.87%	10.41%
Return on Net Nonoperating Assets (RNNOA)	4.51%	3.12%	3.05%	2.37%	2.39%	3.03%	2.38%	2.53%	2.15%	1.99%	1.87%
Return on Equity (ROE)	17.64%	13.35%	13.21%	10.62%	10.77%	14.67%	11.59%	12.48%	13.73%	12.86%	12.28%
Cash Return on Invested Capital (CROIC)	7.29%	4.98%	7.10%	6.15%	-2.99%	3.32%	2.97%	3.10%	13.71%	9.69%	8.83%
Operating Return on Assets (OROA)	1.96%	1.59%	1.60%	1.31%	1.31%	1.85%	1.46%	1.62%	1.82%	1.72%	1.63%
Return on Assets (ROA)	1.54%	1.25%	1.24%	1.03%	1.03%	1.47%	1.15%	1.27%	1.43%	1.38%	1.29%
Return on Common Equity (ROCE)	17.64%	13.35%	13.21%	10.62%	10.77%	14.67%	11.59%	12.48%	13.73%	12.86%	12.28%
Return on Equity Simple (ROE_SIMPLE)	17.50%	0.00%	15.75%	10.96%	9.83%	0.00%	11.52%	12.03%	12.50%	0.00%	12.03%
Net Operating Profit after Tax (NOPAT)	13	10	11	11	11	16	12	15	16	15	15
NOPAT Margin	28.13%	23.30%	23.25%	22.91%	23.39%	31.81%	25.01%	26.72%	30.12%	28.31%	26.86%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	51.06%	53.16%	52.70%	51.80%	52.43%	45.42%	51.96%	47.16%	47.29%	45.99%	48.92%
Operating Expenses to Revenue	65.65%	69.06%	68.26%	67.02%	69.12%	57.74%	67.20%	61.36%	60.95%	61.29%	65.61%
Earnings before Interest and Taxes (EBIT)	17	13	14	14	14	21	16	19	21	19	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	15	16	17	17	23	18	21	23	21	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.18	1.15	1.07	1.06	1.25	1.29	1.23	1.28	1.31	1.27	0.00
Price to Tangible Book Value (P/TBV)	1.25	1.21	1.13	1.11	1.31	1.36	1.29	1.34	1.37	1.33	0.00
Price to Revenue (P/Rev)	1.95	2.13	1.97	2.35	2.95	2.91	2.75	2.86	2.98	2.96	0.00
Price to Earnings (P/E)	6.72	7.44	6.77	9.63	12.71	11.41	10.63	10.67	10.47	10.73	0.00
Dividend Yield	1.97%	1.84%	1.96%	1.97%	1.60%	1.62%	1.76%	1.64%	1.58%	1.60%	1.53%
Earnings Yield	14.89%	13.45%	14.78%	10.38%	7.87%	8.77%	9.41%	9.38%	9.56%	9.32%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.42	0.48	0.34	0.48	0.35	0.58	0.21	0.40	0.09	0.24	0.00
Enterprise Value to Revenue (EV/Rev)	0.92	1.13	0.79	1.35	1.03	1.63	0.60	1.10	0.24	0.64	0.00
Enterprise Value to EBITDA (EV/EBITDA)	2.24	2.76	1.91	3.75	2.96	4.38	1.58	2.85	0.60	1.64	0.00
Enterprise Value to EBIT (EV/EBIT)	2.51	3.10	2.13	4.33	3.46	5.03	1.81	3.23	0.67	1.83	0.00
Enterprise Value to NOPAT (EV/NOPAT)	3.18	3.93	2.70	5.54	4.42	6.40	2.30	4.10	0.84	2.32	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.65	4.21	3.32	3.62	3.12	5.36	1.77	3.56	0.73	1.75	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	5.92	9.93	4.85	7.91	0.00	17.99	7.39	13.18	0.67	2.53	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.27	0.27	0.26	0.25	0.25	0.25	0.25	0.13	0.12	0.12
Long-Term Debt to Equity	0.33	0.27	0.27	0.26	0.25	0.25	0.25	0.24	0.13	0.12	0.12
Financial Leverage	0.34	0.30	0.30	0.29	0.29	0.26	0.26	0.25	0.19	0.18	0.18
Leverage Ratio	11.46	10.66	10.66	10.33	10.46	9.97	10.12	9.84	9.57	9.34	9.54
Compound Leverage Factor	11.46	10.66	10.66	10.33	10.46	9.97	10.12	9.84	9.57	9.34	9.54
Debt to Total Capital	24.79%	21.30%	21.24%	20.87%	19.93%	20.09%	19.92%	19.76%	11.24%	10.91%	10.70%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.79%	21.30%	21.24%	20.87%	19.93%	20.09%	19.92%	19.52%	11.24%	10.91%	10.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.21%	78.70%	78.76%	79.13%	80.07%	79.91%	80.08%	80.24%	88.76%	89.09%	89.30%
Debt to EBITDA	1.32	1.23	1.21	1.63	1.70	1.52	1.49	1.42	0.72	0.73	0.71
Net Debt to EBITDA	-2.48	-2.47	-2.87	-2.77	-5.55	-3.42	-5.73	-4.57	-6.79	-5.96	-7.77
Long-Term Debt to EBITDA	1.32	1.23	1.21	1.63	1.70	1.52	1.49	1.41	0.72	0.73	0.71
Debt to NOPAT	1.88	1.76	1.71	2.41	2.53	2.22	2.16	2.05	1.01	1.03	1.00
Net Debt to NOPAT	-3.54	-3.51	-4.07	-4.10	-8.29	-5.00	-8.33	-6.57	-9.62	-8.41	-10.89
Long-Term Debt to NOPAT	1.88	1.76	1.71	2.41	2.53	2.22	2.16	2.02	1.01	1.03	1.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17	-28	-18	-2.64	-48	-16	-23	-23	31	10	3.26
Operating Cash Flow to CapEx	2,211.79%	0.00%	4,042.19%	1,801.49%	2,312.03%	581.06%	0.00%	933.29%	1,381.40%	1,072.74%	1,228.72%
Free Cash Flow to Firm to Interest Expense	-0.80	-1.25	-0.76	-0.11	-1.97	-0.68	-1.07	-1.06	1.46	0.50	0.16
Operating Cash Flow to Interest Expense	1.26	0.30	0.82	0.78	0.73	0.18	1.22	0.68	1.13	0.61	0.82
Operating Cash Flow Less CapEx to Interest Expense	1.20	0.30	0.80	0.74	0.70	0.15	1.26	0.61	1.04	0.55	0.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05
Fixed Asset Turnover	3.96	3.93	4.00	3.40	3.42	3.61	3.76	3.87	3.99	4.05	4.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	494	517	519	528	553	549	554	566	538	554	565
Invested Capital Turnover	0.47	0.44	0.44	0.36	0.36	0.37	0.37	0.37	0.38	0.38	0.39
Increase / (Decrease) in Invested Capital	30	38	29	14	59	32	35	38	-15	5.03	11
Enterprise Value (EV)	207	247	174	254	192	318	118	224	50	135	0.00
Market Capitalization	437	467	436	441	553	567	544	582	625	627	0.00
Book Value per Share	$21.98	$24.70	$24.87	$25.46	$27.04	$26.78	$26.92	$27.98	$29.43	$146.11	$26.37
Tangible Book Value per Share	$20.68	$23.38	$23.56	$24.15	$25.75	$25.50	$25.65	$26.70	$28.16	$140.06	$25.31
Total Capital	494	517	519	528	553	549	554	566	538	554	565
Total Debt	122	110	110	110	110	110	110	112	60	60	60
Total Long-Term Debt	122	110	110	110	110	110	110	110	60	60	60
Net Debt	-230	-220	-262	-188	-361	-249	-426	-359	-575	-492	-662
Capital Expenditures (CapEx)	1.19	-0.03	0.47	1.01	0.77	0.72	-0.96	1.58	1.75	1.16	1.32
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	122	110	110	110	110	110	110	112	60	60	60
Total Depreciation and Amortization (D&A)	2.30	2.28	2.22	2.38	2.41	2.35	2.22	2.20	2.14	1.97	2.06
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$0.65	$0.66	$0.68	$0.68	$1.01	$0.75	$0.90	$1.00	$0.94	$0.89
Adjusted Weighted Average Basic Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	0.00	0.00	19.15M
Adjusted Diluted Earnings per Share	$0.78	$0.60	$0.64	$0.66	$0.66	$0.96	$0.72	$0.86	$0.96	$0.90	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	0.00	0.00	19.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.48M	16.43M	16.42M	16.39M	16.39M	16.49M	16.23M	16.24M	0.00	0.00	19.15M
Normalized Net Operating Profit after Tax (NOPAT)	13	10	11	11	11	16	12	15	16	15	15
Normalized NOPAT Margin	28.13%	23.30%	23.25%	22.91%	23.39%	31.81%	25.01%	26.72%	30.12%	28.31%	26.86%
Pre Tax Income Margin	35.81%	29.59%	29.97%	29.32%	29.85%	39.95%	31.95%	34.07%	38.13%	35.42%	33.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.82	0.59	0.60	0.61	0.59	0.91	0.73	0.86	0.96	0.93	0.93
NOPAT to Interest Expense	0.65	0.47	0.47	0.48	0.46	0.72	0.57	0.68	0.76	0.75	0.74
EBIT Less CapEx to Interest Expense	0.77	0.60	0.58	0.57	0.56	0.88	0.78	0.79	0.88	0.88	0.86
NOPAT Less CapEx to Interest Expense	0.59	0.47	0.45	0.43	0.43	0.69	0.62	0.60	0.68	0.69	0.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.30%	13.94%	13.46%	19.08%	20.30%	18.41%	18.57%	17.65%	16.67%	17.28%	17.13%
Augmented Payout Ratio	37.33%	42.25%	41.11%	53.02%	36.93%	21.11%	37.25%	35.10%	30.95%	31.86%	17.59%

Financials Breakdown Chart

Key Financial Trends

South Plains Financial (SPFI) has produced a mix of steady profitability and variable cash flows across the last four years of quarterly results. Below are the key trends drawn from the quarterly statements (Q1–Q4 2022 through Q4 2025). The bullets are grouped from most positive to neutral to negative, with the most impactful items shown first.

Strong net interest income in recent quarters: In Q4 2025, total interest income was about 63.4 million and total interest expense was about 20.5 million, yielding net interest income of roughly 42.95 million. This supports ongoing profitability from core lending and investing activities.
Healthy operating cash flow across 2025 quarters: Net cash from continuing operating activities remained positive across the year (e.g., roughly 12.4 million in Q4 2025, 24.22 million in Q3 2025, 14.75 million in Q2 2025, and 26.10 million in Q1 2025), highlighting solid cash generation from core operations.
Balance sheet growth signals improving liquidity and scale: Total assets increased through 2025 (about 4.06 billion in Q1 2025 to around 4.48 billion by Q3 2025), with deposits also rising, suggesting enhanced liquidity and funding capacity.
Capital base supportive of growth: Total Common Equity rose to approximately 477.8 million in Q3 2025 (up from earlier quarters), indicating a strengthening capital position.
Dividend policy appears stable: Cash dividends per share hovered around 0.15–0.16 USD across 2025 quarters, providing a predictable income stream for shareholders.
Earnings per share trending higher in late 2025: Basic and diluted EPS in Q4 2025 reached about 0.94 and 0.90 respectively, reflecting improving profitability on a per-share basis as earnings mix evolves.
Non-interest income remains a meaningful contributor: Total non-interest income was about 11 million in Q4 2025, contributing to overall revenue stability alongside net interest income.
Quarterly results exhibit some volatility: Net income and cash flow show fluctuations from quarter to quarter, a common pattern for banks with cyclical loan demand and operating conditions.
Financing activities can drive cash balance swings: The large negative net change in cash from financing activities in some quarters (notably Q4 2025) can offset strong operating cash flow, affecting the overall cash balance.
Credit provisioning ticked up in Q4 2025: Provision for credit losses increased to about 1.9 million in Q4 2025, signaling a more cautious credit stance and potential impact on near-term earnings if credit conditions worsen.

Notes: - All figures are in USD and reflect quarterly data used for the most recent four-year window (2022–2025). - The trends above focus on the most consequential items from the cash flow, income statement, and balance sheet data provided for SPFI. If you’d like, I can add a brief year-over-year comparison table or graph highlights to accompany these highlights.

05/14/26 03:49 PM ETAI Generated. May Contain Errors.

South Plains Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, South Plains Financial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

South Plains Financial's net income appears to be on an upward trend, with a most recent value of $58.47 million in 2025, rising from $29.22 million in 2019. The previous period was $49.72 million in 2024. See South Plains Financial's forecast for analyst expectations on what's next for the company.

Over the last 6 years, South Plains Financial's total revenue changed from $161.21 million in 2019 to $211.89 million in 2025, a change of 31.4%.

South Plains Financial's total liabilities were at $3.99 billion at the end of 2025, a 5.1% increase from 2024, and a 59.5% increase since 2018.

In the past 7 years, South Plains Financial's cash and equivalents has ranged from $47.80 million in 2018 to $555.25 million in 2021, and is currently $58.32 million as of their latest financial filing in 2025.

Over the last 6 years, South Plains Financial's book value per share changed from 17.00 in 2019 to 146.11 in 2025, a change of 759.3%.

Related Companies

Financial statements for NASDAQ:SPFI last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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South Plains Financial (SPFI) Financials

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South Plains Financial (SPFI) Financials

Annual Income Statements for South Plains Financial

Quarterly Income Statements for South Plains Financial

Annual Cash Flow Statements for South Plains Financial

Quarterly Cash Flow Statements for South Plains Financial

Annual Balance Sheets for South Plains Financial

Quarterly Balance Sheets for South Plains Financial

Annual Metrics And Ratios for South Plains Financial

Quarterly Metrics And Ratios for South Plains Financial

Financials Breakdown Chart

Key Financial Trends

South Plains Financial Financials - Frequently Asked Questions

When does South Plains Financial's fiscal year end?

How has South Plains Financial's net income changed over the last 6 years?

How has South Plains Financial's revenue changed over the last 6 years?

How much debt does South Plains Financial have?

How much cash does South Plains Financial have?

How has South Plains Financial's book value per share changed over the last 6 years?

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