Financial Services -
Banks - Regional - NASDAQ - US
$ 31.99
-0.994 %
$ 519 M
Market Cap
10.92
P/E
1. INTRINSIC VALUE
Balance Sheet
South Plains Financial, Inc.
| Current Assets | 653 M |
| Cash & Short-Term Investments | 631 M |
| Receivables | 21.7 M |
| Other Current Assets | 0 |
| Non-Current Assets | 96.8 M |
| Long-Term Investments | 0 |
| PP&E | 53 M |
| Other Non-Current Assets | 43.9 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 110 M |
| Long-Term Debt | 110 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
South Plains Financial, Inc.
| Revenue | 241 M |
| Cost Of Revenue | 51.6 M |
| Gross Profit | 189 M |
| Operating Expenses | -47.8 M |
| Operating Income | 237 M |
| Other Expenses | 187 M |
| Net Income | 49.7 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
South Plains Financial, Inc.
| Net Income | 49.7 M |
| Depreciation & Amortization | 6.51 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 2.32 M |
| Change in Working Capital | 2.16 M |
| Others | 462 K |
| Free Cash Flow | 59.4 M |
Wall Street Analysts Price Targets
South Plains Financial, Inc.
Wall Street analysts predict an average 1-year price target for SPFI of $36 , with forecasts ranging from
a
low of
$36 to a high of $36 .
SPFI Lowest Price Target
Wall Street Target
36 USD
12.54%
SPFI Average Price Target
Wall Street Target
36 USD
12.54%
SPFI Highest Price Target
Wall Street Target
36 USD
12.54%
4. DIVIDEND
ANALYSIS
0.43%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
South Plains Financial, Inc.
Sold
0-3 MONTHS
5.43 M USD 1
3-6 MONTHS
1.68 M USD 1
6-9 MONTHS
3.05 M USD 1
9-12 MONTHS
1.2 M USD 1
Bought
3.3 M USD 1
0-3 MONTHS
1.68 M USD 1
3-6 MONTHS
1.5 M USD 1
6-9 MONTHS
1 M USD 1
9-12 MONTHS
7. News
South Plains Financial: Rapidly Increasing Its Tangible Book Value
South Plains Financial reported a net profit of $49.7M in 2024, driven by an $8.3M increase in net interest income. The bank maintains a very liquid balance sheet with nearly $950M in cash and securities, representing a significant portion of its $4.2B assets. Despite a rise in non-accrual loans, particularly in CRE, the bank has a strong track record of managing foreclosed assets with minimal losses.
seekingalpha.com
- 1 week ago
South Plains Financial, Inc. Declares Quarterly Cash Dividend
LUBBOCK, Texas, April 17, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on May 12, 2025 to shareholders of record as of the close of business on April 28, 2025.
globenewswire.com
- 2 weeks ago
South Plains Financial, Inc. Publishes 2024 Community Impact Report
LUBBOCK, Texas, March 17, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (the “Bank”), today announced the release of the Company's 2024 Community Impact Report. This report demonstrates South Plains' ongoing commitment to being a responsible corporate citizen in each of the unique communities in which the Company and the Bank operate.
globenewswire.com
- 1 month ago
South Plains Financial, Inc. Announces Stock Repurchase Program
LUBBOCK, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a new stock repurchase program for up to $15.0 million of the outstanding shares of the Company's common stock (the “Stock Repurchase Program”). The Stock Repurchase Program will conclude on February 21, 2026, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the $15.0 million designated for the Stock Repurchase Program are depleted.
globenewswire.com
- 2 months ago
Earnings Estimates Moving Higher for South Plains Financial (SPFI): Time to Buy?
South Plains Financial (SPFI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
zacks.com
- 3 months ago
South Plains Financial, Inc. (SPFI) Q4 2024 Earnings Call Transcript
South Plains Financial, Inc. (NASDAQ:SPFI ) Q4 2024 Earnings Conference Call January 24, 2025 10:00 AM ET Company Participants Steve Crockett - CFO and Treasurer Curtis Griffith - Chairman and CEO Cory Newsom - President Brent Bates - CCO Conference Call Participants Woody Lay - KBW Brett Rabatin - Hovde Group Stephen Scouten - Piper Sandler Joe Yanchunis - Raymond James Operator Good morning, ladies and gentlemen and welcome to the South Plains Financial, Inc. Fourth Quarter 2024 Earnings Conference Call. During this presentation all parties will be in listen-only mode.
seekingalpha.com
- 3 months ago
South Plains Financial (SPFI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for South Plains Financial (SPFI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 3 months ago
South Plains Financial (SPFI) Q4 Earnings and Revenues Surpass Estimates
South Plains Financial (SPFI) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.61 per share a year ago.
zacks.com
- 3 months ago
South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
LUBBOCK, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2024.
globenewswire.com
- 3 months ago
South Plains Financial, Inc. Declares Quarterly Cash Dividend
LUBBOCK, Texas, Jan. 23, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on February 18, 2025 to shareholders of record as of the close of business on February 3, 2025.
globenewswire.com
- 3 months ago
Exploring Analyst Estimates for South Plains Financial (SPFI) Q4 Earnings, Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for South Plains Financial (SPFI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
zacks.com
- 3 months ago
South Plains Financial, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Call
LUBBOCK, Texas, Jan. 13, 2025 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its fourth quarter and full year 2024 financial results will be released before market open on Friday, January 24, 2025. The Company will host a conference call and webcast at 10:00 a.m. ET on the same day to discuss the financial results.
globenewswire.com
- 3 months ago
8. Profile
Summary
South Plains Financial, Inc. SPFI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 519 M
Dividend Yield
0.43%
Description
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.
Contact
5219 City Bank Parkway, Lubbock, TX, 79407
https://www.spfi.bank
IPO
Date
May 9, 2019
Employees
528
Officers
Mr. Paul A. Ehlers
Senior Vice President of City Bank & Chief Operating Officer of City Bank
Mr. Kelly L. Deterding
President of Windmark Insurance & Senior Vice President of Insurance Development of City Bank
Mr. Curtis C. Griffith
Chairman & Chief Executive Officer
Ms. Mikella D. Newsom
Chief Risk Officer & Secretary
Mr. Steven B. Crockett CPA
Chief Financial Officer & Treasurer
Mr. Brent A. Bates
Senior Vice President of City Bank & Chief Credit Officer of City Bank
Mr. Cory T. Newsom
President & Director