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SPFISouth Plains Financial, Inc.
$42.71$694M
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SPFI logoSouth Plains Financial, Inc.(SPFI)Earnings, Financials & Key Ratios

SPFI•NASDAQ•Banking & Credit
$42.71
12.4× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommunity and retail regional banks
AboutSouth 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.Show more
  • Net Interest Income$167M+13.5%
  • Total Revenue$297M+4.9%
  • Net Income$58M+17.6%
  • Return on Equity12.54%+6.7%
  • Net Interest Margin3.73%+7.2%
  • Efficiency Ratio44.67%+3.9%
  • ROA1.34%+13.9%
  • Equity / Assets11.02%+6.3%
  • Book Value per Share29.06+8.9%

SPFI Price & Volume

South Plains Financial, Inc. (SPFI) stock price & volume — 10-year historical chart

Loading chart...

Stable Regional Banking Amidst Margin Consolidation

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Regional economic concentration risk

Key Thesis Takeaways

  • South Plains Financial demonstrates consistent net interest income growth, rising from $35.2 million in 2023Q4 to $42.9 million in 2026Q1, supported by a diversified revenue stream from its insurance segment.
  • While the bank maintains a disciplined efficiency ratio, which fluctuated between 38.9% and 48.1% over the last ten quarters, investors should monitor the significant concentration of $3.2 billion in investment securities that may expose the firm to duration risk.
  • The bank's conservative capital return strategy, evidenced by consistent quarterly dividends near $2.5 million, suggests a focus on long-term balance sheet resilience over aggressive expansion.

Verdict Logic

while the bank shows steady growth with an 18.1% EPS increase in 2026Q1, the current P/B ratio of 1.50 and potential duration risk in the $3.2 billion securities portfolio warrant a cautious valuation approach.

SPFI Growth Metrics

South Plains Financial, Inc. (SPFI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years4.73%
3 Years8.58%
TTM-

Profit CAGR

10 Years-
5 Years5.21%
3 Years0.13%
TTM18.74%

EPS CAGR

10 Years-
5 Years6.51%
3 Years2.12%
TTM19%

Return on Capital

10 Years9.86%
5 Years11.28%
3 Years9.52%
Last Year2.91%

SPFI Recent Earnings

South Plains Financial, Inc. (SPFI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (80%)●Beat Revenue 3/12 qtrs (33%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$0.85-3.4%
$0.88
Rev
$54M+0.1%
$54M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.96+14.3%
$0.84
Rev
$74M
—
Q1 2026
Jan 26, 2026
Metric
Actual
Est
EPS
$0.90+2.9%
$0.88
Rev
$54M-0.4%
$54M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$0.96+12.3%
$0.85
Rev
$53M-2.1%
$54M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$0.85vs $0.88-3.4%
$54Mvs $54M+0.1%
Q1 2026Feb 26, 2026
$0.96vs $0.84+14.3%
$74M
Q1 2026Jan 26, 2026
$0.90vs $0.88+2.9%
$54Mvs $54M-0.4%
Q4 2025Oct 23, 2025
$0.96vs $0.85+12.3%
$53Mvs $54M-2.1%
Based on last 12 quarters of dataView full earnings history →

Latest SPFI News

Recent stock market news and headlines for South Plains Financial, Inc. (SPFI)

GlobeNewsWire·Jun 17, 2026
South Plains Financial, Inc. Announces Executive Leadership Transition

~ Curtis Griffith to Retire as Chief Executive Officer, Continue as Chairman of the Board ~ ~ Cory Newsom Appointed Chief Executive Officer Effective December 31, 2026 ~ LUBBOCK, Texas, June 17, 2026 (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 announced the upcoming retirement of Curtis Griffith, Chairman and Chief Executive Officer, to be effective December 31, 2026. Mr. Griffith will remain a director of the Company and its wholly owned subsidiary, City Bank, and will continue to serve as Chairman of the Board.

Peers Comparison

Key metrics vs top competitors for South Plains Financial, Inc. (SPFI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SPFI logoSPFISouth Plains Financial, Inc.Current
$42.71$694.45M12.424.87%19.69%12.54%1.39%
FFIN logoFFINFirst Financial Bankshares, Inc.
$34.67$4.97B19.5911.71%31.14%14.2%—
TCBI logoTCBITexas Capital Bancshares, Inc.
$104.54$4.57B15.3713.54%17.71%9.93%—
SBSI logoSBSISouthside Bancshares, Inc.
$34.57$1.03B15.10-8.12%15.77%8.49%—
BOKF logoBOKFBOK Financial Corporation
$140.43$8.53B15.30-1.07%18.3%10.31%—
HFBL logoHFBLHome Federal Bancorp, Inc. of Louisiana
$22.90$69.93M18.17-2.88%17.78%10.42%—

Compare SPFI vs Peers

South Plains Financial, Inc. (SPFI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FFIN

Most directly comparable listed peer for SPFI.

Scale Benchmark

vs V

Larger-name benchmark to compare SPFI against a more recognizable public peer.

Peer Set

Compare Top 5

vs FFIN, TCBI, SBSI, BOKF

SPFI SEC Filings & Documents

South Plains Financial, Inc. (SPFI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 17, 2026·SEC

Material company update

May 14, 2026·SEC

Material company update

Apr 28, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 5, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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SPFI Frequently Asked Questions

South Plains Financial, Inc. (SPFI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is South Plains Financial, Inc. growing?

South Plains Financial, Inc. (SPFI) grew revenue by 4.9% over the past year. Growth has been modest.

Is SPFI profitable?

Yes, South Plains Financial, Inc. (SPFI) is profitable, generating $60.7M in net income for fiscal year 2025 (19.7% net margin).

Dividend & Returns
Does SPFI pay dividends?

Yes, South Plains Financial, Inc. (SPFI) pays a dividend with a yield of 1.39%. This makes it attractive for income-focused investors.

What is SPFI's return on equity?

South Plains Financial, Inc. (SPFI) has a return on equity (ROE) of 12.5%. This is reasonable for most industries.

Industry Metrics
What is South Plains Financial, Inc.'s net interest margin?

South Plains Financial, Inc. (SPFI) has a net interest margin (NIM) of 3.7%. This indicates healthy earnings from lending activities.

What is South Plains Financial, Inc.'s efficiency ratio?

South Plains Financial, Inc. (SPFI) has an efficiency ratio of 44.7%. This is excellent, indicating strong cost control.

What if you invested $1,000 in SPFI back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →