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South Plains Financial, Inc. logo

South Plains Financial, Inc.

SPFI

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Latest quote

$44.11

−$0.04 · -0.09%

Aug 21, 3:55 PM ET

SPFI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

73

Undervalued

Momentum

49

Neutral

Sentiment

68

Bullish

Risk resilience

77

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

South Plains Financial, Inc. functions as the parent entity for City Bank, providing a comprehensive suite of commercial and consumer financial services to both individuals and small to mid-sized businesses. Its operations are structured around two core divisions: Banking and Insurance. The company offers a variety of deposit options, such as checking accounts, interest-bearing accounts, savings, and certificates of deposit (CDs). Their lending portfolio is extensive, encompassing commercial real estate, a broad spectrum of specialized commercial loans (including those for agriculture, energy, finance, investment, insurance, retail, and construction), residential construction, mortgages for 1-4 family homes, and consumer loans for vehicles or other personal needs. Additional offerings include crop insurance, trust and investment management, mortgage banking, convenient online and mobile banking platforms, and debit and credit card services. The company maintains a physical presence through 25 full-service bank branches and 15 loan production offices spread across Texas and Eastern New Mexico. Established in 1941, South Plains Financial, Inc. maintains its headquarters in Lubbock, Texas.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Curtis C. Griffith
Listed since
May 9, 2019
Employees
574

Market position

Volume
111.68K
0.81× average
Average volume
137.03K
Average daily volume
Market cap
846.44M USD
Beta
0.46
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
138.36M USD
P/E (TTM)
11.57×
P/B (TTM)
1.34×
P/S (TTM)
2.79×
EV / EBITDA
1.73×
Earnings yield
9.28%
Free cash flow yield
11.40%
Dividend yield
1.54%

Profitability & efficiency

Gross margin
72.03%
Operating margin
27.18%
Net margin
21.48%
Return on equity
11.84%
Return on assets
1.31%
Return on invested capital
9.64%

Financial health

Debt / equity
0.1×
Current ratio
0.29×
Altman Z-score
-0.4
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends103%72%41%10%Gross margin, FY2021: 95.01%Gross margin, FY2022: 91.35%Gross margin, FY2023: 69.06%Gross margin, FY2024: 65.35%Gross margin, FY2025: 69.62%Operating margin, FY2021: 32.14%Operating margin, FY2022: 31.54%Operating margin, FY2023: 31.96%Operating margin, FY2024: 22.36%Operating margin, FY2025: 24.95%Net margin, FY2021: 25.76%Net margin, FY2022: 25.11%Net margin, FY2023: 25.25%Net margin, FY2024: 17.56%Net margin, FY2025: 19.69%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 95.01%. Gross margin FY2022 91.35%. Gross margin FY2023 69.06%. Gross margin FY2024 65.35%. Gross margin FY2025 69.62%. Operating margin FY2021 32.14%. Operating margin FY2022 31.54%. Operating margin FY2023 31.96%. Operating margin FY2024 22.36%. Operating margin FY2025 24.95%. Net margin FY2021 25.76%. Net margin FY2022 25.11%. Net margin FY2023 25.25%. Net margin FY2024 17.56%. Net margin FY2025 19.69%.

Income trends

Revenue

296.89M USD+4.87%

Operating income

74.07M USD+17.03%

Net income

58.47M USD+17.61%
Income trends across reported periods321.6M USD222.74M USD123.87M USD25M USDRevenue, FY2021: 227.51M USDRevenue, FY2022: 231.94M USDRevenue, FY2023: 248.52M USDRevenue, FY2024: 283.1M USDRevenue, FY2025: 296.89M USDOperating income, FY2021: 73.12M USDOperating income, FY2022: 73.15M USDOperating income, FY2023: 79.42M USDOperating income, FY2024: 63.29M USDOperating income, FY2025: 74.07M USDNet income, FY2021: 58.61M USDNet income, FY2022: 58.24M USDNet income, FY2023: 62.75M USDNet income, FY2024: 49.72M USDNet income, FY2025: 58.47M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 227.51M USD. Revenue FY2022 231.94M USD. Revenue FY2023 248.52M USD. Revenue FY2024 283.1M USD. Revenue FY2025 296.89M USD. Operating income FY2021 73.12M USD. Operating income FY2022 73.15M USD. Operating income FY2023 79.42M USD. Operating income FY2024 63.29M USD. Operating income FY2025 74.07M USD. Net income FY2021 58.61M USD. Net income FY2022 58.24M USD. Net income FY2023 62.75M USD. Net income FY2024 49.72M USD. Net income FY2025 58.47M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue296.89M USD283.1M USD248.52M USD231.94M USD227.51M USD
Cost of goods sold90.19M USD98.1M USD76.9M USD20.07M USD11.35M USD
Gross profit206.69M USD185M USD171.62M USD211.86M USD216.16M USD
Selling, general, and administrative93M USD78.12M USD82.83M USD89.94M USD96.59M USD
Operating expenses132.62M USD121.71M USD92.2M USD138.71M USD143.04M USD
Interest income252M USD240.9M USD212.03M USD161.17M USD135.04M USD
Interest expense85M USD93.8M USD72.29M USD22.69M USD13.27M USD
Depreciation and amortization5.81M USD6.51M USD6.41M USD6.97M USD6.5M USD
Operating income74.07M USD63.29M USD79.42M USD73.15M USD73.12M USD
Net income58.47M USD49.72M USD62.75M USD58.24M USD58.61M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+8.60%
11 comparable reports
Latest EPS result
0.96
Estimate 0.94 · Beat by 2.13%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.010.880.760.63Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 24, 2025: actual 0.96, estimate 0.67, surprise +43.28%, Beat. Q2 2025, reported Apr 24, 2025: actual 0.72, estimate 0.668, surprise +7.78%, Beat. Q3 2025, reported Jul 16, 2025: actual 0.86, estimate 0.77, surprise +11.69%, Beat. Q4 2025, reported Oct 23, 2025: actual 0.96, estimate 0.855, surprise +12.28%, Beat. Q1 2026, reported Jan 26, 2026: actual 0.9, estimate 0.875, surprise +2.86%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.85, estimate 0.88, surprise -3.41%, Miss. Q3 2026, reported Jul 17, 2026: actual 0.96, estimate 0.94, surprise +2.13%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.97, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates67.83M60.25M52.67M45.09MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 24, 2025: actual 51.87M USD, estimate 49.16M USD, surprise +5.50%, Beat. Q2 2025, reported Apr 24, 2025: actual 47.7M USD, estimate 48.93M USD, surprise -2.51%, Miss. Q3 2025, reported Jul 16, 2025: actual 54.67M USD, estimate 54.07M USD, surprise +1.10%, Beat. Q4 2025, reported Oct 23, 2025: actual 52.55M USD, estimate 53.7M USD, surprise -2.15%, Miss. Q1 2026, reported Jan 26, 2026: actual 53.88M USD, estimate 54.11M USD, surprise -0.43%, Miss. Q2 2026, reported Apr 28, 2026: actual 54.15M USD, estimate 54.08M USD, surprise +0.12%, Beat. Q3 2026, reported Jul 17, 2026: actual 64.49M USD, estimate 63.34M USD, surprise +1.82%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 65.22M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$49.67

12.35% upside
Past 12 months12-month forecastHigh $53.00Average $49.67Low $46.00

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy4100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions

SPFI news

defenseworld.net

Dimensional Fund Advisors LP Sells 16,478 Shares of South Plains Financial, Inc. $SPFI

Dimensional Fund Advisors LP decreased its position in South Plains Financial, Inc. (NASDAQ: SPFI) by 3.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 435,347 shares of…

Read source
defenseworld.net

Comparing South Plains Financial (NASDAQ:SPFI) and Digital Asset Acquisition (NASDAQ:DAAQ)

South Plains Financial (NASDAQ: SPFI - Get Free Report) and Digital Asset Acquisition (NASDAQ: DAAQ - Get Free Report) are both small-cap finance companies, but which is the superior business? We will compare the two…

Read source
zacks.com

4 Stocks That Recently Hiked Dividends Amid Geopolitical Tensions

SJM, PPG, SPFI and CNP recently raised dividends, offering income potential as geopolitical tensions fuel market volatility.

Read source
seekingalpha.com

Dividend Champion, Contender, And Challenger Highlights: Week Of July 19

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.

Read source
zacks.com

South Plains Financial (SPFI) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for South Plains Financial (SPFI) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and…

Read source
seekingalpha.com

South Plains Financial, Inc. (SPFI) Q2 2026 Earnings Call Transcript

South Plains Financial, Inc. (SPFI) Q2 2026 Earnings Call Transcript

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.62

2025 complete year+106.7% since 2021

2026 partial: $0.52

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 27, 2026

$0.18

Quarterly

Record Jul 27, 2026 · Payment Aug 10, 2026

Dividend

Ex-dividend Apr 27, 2026

$0.17

Quarterly

Record Apr 27, 2026 · Payment May 11, 2026

Dividend

Ex-dividend Feb 2, 2026

$0.17

Quarterly

Record Feb 2, 2026 · Payment Feb 17, 2026

Dividend

Ex-dividend Oct 27, 2025

$0.16

Quarterly

Record Oct 27, 2025 · Payment Nov 10, 2025

Dividend

Ex-dividend Jul 28, 2025

$0.16

Quarterly

Record Jul 28, 2025 · Payment Aug 11, 2025

Dividend

Ex-dividend Apr 28, 2025

$0.15

Quarterly

Record Apr 28, 2025 · Payment May 12, 2025

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ETFs holding SPFI

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
20.69M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
18M
Weight
0.06%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
17.52M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
7.49M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
6.91M
Weight
0.05%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR S&P Regional Banking ETF logoState Street SPDR S&P Regional Banking ETFKRE
Market value
6.45M
Weight
0.16%
AUM
4.06B USD
Expense ratio
0.35%
Price / 1D
$74.86+0.20%
EA Bridgeway Omni Small-Cap Value ETF logoEA Bridgeway Omni Small-Cap Value ETFBSVO
Market value
4.14M
Weight
0.17%
AUM
1.71B USD
Expense ratio
0.47%
Price / 1D
$29.62+0.85%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
3.95M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

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