Financial Services -
Banks - Regional - NASDAQ - US
$ 34.34
-0.443 %
$ 558 M
Market Cap
11.54
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 | 309 M |
| PP&E | 53 M |
| Other Non-Current Assets | -265 M |
| Current Liabilities | 1.86 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.86 B |
| 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 | 56 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
4.83%
SPFI Average Price Target
Wall Street Target
36 USD
4.83%
SPFI Highest Price Target
Wall Street Target
36 USD
4.83%
4. DIVIDEND
ANALYSIS
0.45%
DIVIDEND YIELD
0.15 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
South Plains Financial, Inc.
Sold
0-3 MONTHS
4.06 M USD 1
3-6 MONTHS
1.37 M USD 1
6-9 MONTHS
3.18 M USD 1
9-12 MONTHS
1.76 M USD 1
Bought
3.3 M USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
3.18 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Surging Earnings Estimates Signal Upside for South Plains Financial (SPFI) Stock
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
- 2 weeks ago
All You Need to Know About South Plains Financial (SPFI) Rating Upgrade to Strong Buy
South Plains Financial (SPFI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 3 weeks ago
Wall Street Analysts Predict a 26.78% Upside in South Plains Financial (SPFI): Here's What You Should Know
The consensus price target hints at a 26.8% upside potential for South Plains Financial (SPFI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
zacks.com
- 3 weeks ago
New Strong Buy Stocks for April 28th
KALU, YARIY, SPFI, NOMD and PEGA have been added to the Zacks Rank #1 (Strong Buy) List on April 28, 2025.
zacks.com
- 3 weeks ago
South Plains Financial, Inc. (SPFI) Q1 2025 Earnings Call Transcript
South Plains Financial, Inc. (NASDAQ:SPFI ) Q1 2025 Earnings Conference Call April 24, 2025 5:00 PM ET Company Participants Steve Crockett – Chief Financial Officer and Treasurer Curtis Griffith – Chairman and Chief Executive Officer Cory Newsom – President Brent Bates – Chief Credit Officer Conference Call Participants Woody Lay – KBW Joe Yanchunis – Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial First Quarter 2025 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.
seekingalpha.com
- 3 weeks ago
Here's What Key Metrics Tell Us About South Plains Financial (SPFI) Q1 Earnings
The headline numbers for South Plains Financial (SPFI) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 weeks ago
South Plains Financial (SPFI) Tops Q1 Earnings and Revenue Estimates
South Plains Financial (SPFI) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago.
zacks.com
- 3 weeks ago
South Plains Financial, Inc. Reports First Quarter 2025 Financial Results
LUBBOCK, Texas, April 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 ended March 31, 2025.
globenewswire.com
- 3 weeks ago
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
- 4 weeks 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
- 1 month 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
- 2 months 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
8. Profile
Summary
South Plains Financial, Inc. SPFI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 558 M
Dividend Yield
0.45%
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. Kelly L. Deterding
President of Windmark Insurance & Senior Vice President of Insurance Development of City Bank
Mr. Steven B. Crockett CPA
Chief Financial Officer & Treasurer
Mr. Paul A. Ehlers
Senior Vice President of City Bank & Chief Operating Officer of City Bank
Ms. Mikella D. Newsom
Chief Risk Officer & Secretary
Mr. Curtis C. Griffith
Chairman & Chief Executive Officer
Mr. Brent A. Bates
Senior Vice President of City Bank & Chief Credit Officer of City Bank
Mr. Cory T. Newsom
President & Director