SPFI - NASDAQ
South Plains Financial, Inc.
$39.58
-2.2%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.
At a Glance
Live SnapshotSouth Plains Financial, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Strong net margins indicate efficient operations and favorable tax/interest management.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
South Plains Financial, Inc. Income Statement
SPFI • NASDAQ
| South Plains Financial, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||
296.9M | 283.1M | 248.5M | 231.9M | 227.5M | 235.6M | 186.2M | 167.5M | 149.5M | |
GROSS PROFIT | |||||||||
(90.2M) | (98.1M) | (76.9M) | (20.1M) | (11.4M) | (41.5M) | (31.2M) | (29.4M) | (19.9M) | |
206.7M | 185M | 171.6M | 211.9M | 216.2M | 194.1M | 155.1M | 138.1M | 129.6M | |
OPERATING INCOME | |||||||||
(132.6M) | (121.7M) | (92.2M) | (138.7M) | (143M) | (137.5M) | (118.4M) | (112.7M) | (105.8M) | |
(93M) | (78.1M) | (82.8M) | (89.9M) | (96.6M) | (92.3M) | (78.4M) | (74.8M) | (70.1M) | |
74.1M | 63.3M | 79.4M | 73.2M | 73.1M | 56.6M | 36.7M | 25.4M | 23.7M | |
PRE-TAX INCOME | |||||||||
(85M) | (93.8M) | (72.3M) | (22.7M) | (13.3M) | (15.9M) | (28.4M) | (22.5M) | (16M) | |
167M | 147.1M | 139.7M | 138.5M | 121.8M | 122.3M | 104.6M | 95.6M | 88.5M | |
(39.6M) | (43.6M) | (9.4M) | (48.8M) | (46.5M) | (45.2M) | (40M) | (37.9M) | (35.7M) | |
74.1M | 63.3M | 79.4M | 73.2M | 73.1M | 56.6M | 36.7M | 25.4M | 23.7M | |
NET INCOME | |||||||||
(15.6M) | (13.6M) | (16.7M) | (14.9M) | (14.5M) | (11.3M) | (7.5M) | -3.9M | (107K) | |
58.5M | 49.7M | 62.7M | 58.2M | 58.6M | 45.4M | 29.2M | 29.3M | 23.6M |
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 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 16, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 06, 2026 | May 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 01, 2026 | April 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 23, 2026 | March 23, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 05, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 18, 2026 | 2026 | |
S-4/A S-4/A (Amended) N/A | February 13, 2026 | February 13, 2026 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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