South Plains Financial, Inc.
SPFI- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0001163668
In the last 90 days, South Plains Financial, Inc. insiders filed 0 open-market purchases and 2 sales; 157 institutions reported holding it in 13F filings for Q2 2026, worth $377.8M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 24, 2025 | Jan 26, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Revenue | $252.0M | $240.9M | $212.0M | $161.2M | $135.0M |
| Interest expense | – | – | $72.3M | $22.7M | $13.3M |
| Income tax | $15.6M | $13.6M | $16.7M | $14.9M | $14.5M |
| Net income | $58.5M | $49.7M | $62.7M | $58.2M | $58.6M |
| EPS, basic | $3.59 | $3.03 | $3.73 | $3.35 | $3.26 |
| EPS, diluted | $3.44 | $2.92 | $3.62 | $3.23 | $3.17 |
| Weighted shares, basic | 16.3M | 16.4M | 16.8M | 17.4M | 18.0M |
| Weighted shares, diluted | 17.0M | 17.0M | 17.3M | 18.0M | 18.5M |
| Margins and growth | |||||
| Net margin | 23.2% | 20.6% | 29.6% | 36.1% | 43.4% |
| Revenue growth, year over year | +4.6% | +13.6% | +31.6% | +19.4% | −2.3% |
| Net income growth, year over year | +17.6% | −20.8% | +7.7% | −0.6% | +29.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 24, 2025 | Jan 26, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Cash and equivalents | $552.4M | $359.1M | $330.2M | $234.9M | $486.8M |
| Property, plant and equipment | $51.6M | $53.0M | $55.1M | $56.3M | $57.7M |
| Goodwill | $19.3M | $19.3M | $19.3M | $19.5M | $19.5M |
| Intangible assets | $1.13M | $1.72M | $2.43M | $4.35M | $5.89M |
| Total assets | $4.48B | $4.23B | $4.20B | $3.94B | $3.90B |
| Short-term debt | – | – | – | – | $0 |
| Total liabilities | $3.99B | $3.79B | $3.80B | $3.59B | $3.49B |
| Shareholders' equity | $493.8M | $438.9M | $407.1M | $357.0M | $407.4M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 24, 2025 | Jan 26, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Operating cash flow | $77.5M | $59.4M | $58.5M | $123.6M | $96.3M |
| Capital expenditures | $5.66M | $3.35M | $4.68M | $4.47M | $2.92M |
| Free cash flow | $71.8M | $56.0M | $53.9M | $119.1M | $93.4M |
| Depreciation and amortization | $5.81M | $6.51M | $6.41M | $6.96M | $6.44M |
| Stock-based compensation | $2.62M | $2.32M | $2.16M | $2.75M | $1.64M |
| Dividends paid | $10.1M | $9.15M | $8.74M | $8.01M | $5.38M |
| Share buybacks | $8.53M | $1.34M | $17.8M | $22.7M | $9.23M |
| Investing cash flow | -$68.2M | -$13.9M | -$143.4M | -$408.9M | -$159.8M |
| Financing cash flow | $184.1M | -$16.5M | $180.1M | $33.3M | $250.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.0% | 1.0% | 1.0% | 1.7% | 1.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 2, 2026 | 18.8M | +16.0% | SEC |
| Aug 4, 2026 | 18.8M | +16.0% | SEC |
| May 4, 2026 | 19.1M | +18.0% | SEC |
| Mar 3, 2026 | 16.3M | −0.9% | SEC |
| Nov 3, 2025 | 16.2M | −0.9% | SEC |
| Aug 1, 2025 | 16.2M | −0.9% | SEC |
| May 1, 2025 | 16.2M | −1.2% | SEC |
| Mar 5, 2025 | 16.5M | +0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.