SPFI - NASDAQ

South Plains Financial, Inc.

SPFI·NASDAQ

$39.58

-2.2%

Financial ServicesBanks - Regional

South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$643.56M

EPS3.6000

P/E Ratio10.99

Earnings Date07/15/2026

4.48B

Assets

3Y+14.0%

5Y+24.0%

10Y+74.0%

3.99B

Total Liabilities

3Y+11.0%

5Y+23.0%

10Y+65.0%

493.84M

Total Equity

13%

3Y+38.0%

5Y+33.0%

10Y+212.0%

South Plains Financial, Inc. Funding & Solvency Profile

SPFI · NASDAQ

Current Assets

Cash & Cash Equivalents58.32M

Net Receivables20.93M

Inventory0.00

Other Current Assets-20.93M

Total Current Assets626 M

Non-Current Assets

Property, Plant & Equipment51.56M

Goodwill & Intangible Assets20.45M

Long-Term Investments3.11B

Other Non-Current Assets-3.11B

Total Non-Current Assets52 M

Total Assets

4.48B

Financial Health Analysis

Current Ratio

386.09x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

8.07x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

624 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

14% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

South Plains Financial, Inc. Balance Sheet

SPFI • NASDAQ

South Plains Financial, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	58.3M	359.1M	330.2M	234.9M	486.8M	300.3M	158.1M	246M	294.6M
Short-Term Investments	567.5M	268.2M	183.9M	701.7M	724.5M	803.1M	707.7M	338.2M	194.2M
Cash & Short-Term Investments	625.9M	627.3M	514M	936.6M	1.2B	1.1B	865.7M	584.2M	488.7M
Net Receivables	20.9M	21.7M	20.9M	16.4M	13.9M	15.2M	13.9M	13M	14.3M
Accounts Receivables	20.9M	21.7M	20.9M	16.4M	13.9M	15.2M	13.9M	13M	14.3M
Other Current Assets	-20.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	625.9M	649M	534.9M	953M	1.2B	1.1B	879.7M	597.1M	503M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	51.6M	53M	55.1M	56.3M	57.7M	60.3M	61.9M	59.8M	61.9M
Goodwill	19.3M	19.3M	19.3M	19.5M	19.5M	19.5M	18.8M	0.0	0.0
Intangible Assets	1.1M	28M	29M	31.8M	25.6M	16.6M	10.7M	0.0	0.0
Goodwill & Intangible Assets	20.4M	47.3M	48.3M	51.3M	45.1M	36.1M	29.4M	0.0	0.0
Long-Term Investments	3.1B	3B	3B	2.7B	2.5B	2.3B	2.2B	2B	1.9B
Tax Assets	0.0	22.8M	19.4M	22.8M	3M	2.5M	5.6M	0.0	0.0
Other Non-Current Assets	-3.1B	427.8M	560.8M	121.4M	98.8M	94.1M	92.1M	83.4M	72.5M
Total Non-Current Assets	72M	3.6B	3.7B	3B	2.7B	2.5B	2.4B	2.1B	2.1B
Other Assets	3.8B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	4.5B	4.2B	4.2B	3.9B	3.9B	3.6B	3.2B	2.7B	2.6B
LIABILITIES
CURRENT LIABILITIES
Accrued Expenses	0.0	0.0	0.0	58.3M	31M	31.2M	29.1M	29.4M	26.1M
Short Term Debt	0.0	0.0	0.0	0.0	0.0	26.6M	37.2M	17.7M	15.6M
Tax Payables	0.0	0.0	0.0	14.9M	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	1.6M	3.6B	3.6B	3.4B	3.3B	3B	2.7B	2.3B	2.2B
Total Current Liabilities	1.6M	3.6B	3.6B	3.5B	3.4B	3B	2.8B	2.3B	2.2B
NON-CURRENT LIABILITIES
Long Term Debt	60.5M	110.4M	110.2M	122.4M	122.2M	197M	167.9M	175.4M	162.3M
Other Non-Current Liabilities	3.9B	62.1M	61.4M	0.0	0.0	0.0	0.0	58.2M	57.1M
Total Non-Current Liabilities	4B	172.4M	171.5M	122.4M	122.2M	197M	167.9M	233.6M	219.4M
Total Liabilities	4B	3.8B	3.8B	3.6B	3.5B	3.2B	2.9B	2.6B	2.4B
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-5.9M
Common Stock	16.3M	16.5M	16.4M	17M	17.8M	18.1M	18M	14.8M	15.2M
Additional Paid-In Capital	91.1M	97.3M	97.1M	112.8M	133.2M	141.1M	140.5M	80.4M	85.9M
Retained Earnings	434.2M	385.8M	345.3M	292.3M	242.8M	189.5M	146.7M	119.8M	120.6M
Accumulated Other Comprehensive Income/Loss	-47.7M	-60.6M	-51.7M	-65.1M	13.7M	21.3M	958K	-2.2M	-446K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-58.2M	-57.1M
Total Stockholders' Equity	493.8M	438.9M	407.1M	357M	407.4M	370M	306.2M	154.6M	158.2M
Total Equity	493.8M	438.9M	407.1M	357M	407.4M	370M	306.2M	154.6M	158.2M
SUMMARY
Total Liabilities & Equity	4.5B	4.2B	4.2B	3.9B	3.9B	3.6B	3.2B	2.7B	2.6B
Total Investments	3.7B	3.3B	3.2B	3.4B	3.2B	3.1B	2.9B	2.3B	2.1B
Total Debt	60.5M	110.4M	110.2M	122.4M	122.2M	223.5M	205M	193.1M	177.8M
Net Debt	2.2M	-248.7M	-220M	-112.5M	-364.7M	-76.8M	46.9M	-52.9M	-116.7M
Shares Outstanding	16,247,819	16,247,819	16,247,819	16,247,819	16,247,819	16,247,819	16,247,819	16,247,819	16,247,819

SEC Filings

SPFI - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 14, 2026	May 11, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 16, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 06, 2026	May 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 01, 2026	April 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 23, 2026	March 23, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 05, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 23, 2026	February 18, 2026	2026	View Filing
S-4/A S-4/A (Amended) N/A	February 13, 2026	February 13, 2026		View Filing

Showing 1 to 10 of 135 filings

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