SPFI
South Plains Financial Inc
NASDAQ: SPFI · FINANCIAL SERVICES · BANKS - REGIONAL
$41.08
+1.18% today
Updated 2026-04-30
Market cap
$716.60M
P/E ratio
12.75
P/S ratio
3.47x
EPS (TTM)
$3.44
Dividend yield
1.43%
52W range
$32 – $45
Volume
0.1M
South Plains Financial Inc (SPFI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.53M | $167.47M | $186.23M | $235.58M | $227.51M | $231.94M | $212.03M | $283.10M | $296.89M |
| Revenue growth (YoY) | — | +12.0% | +11.2% | +26.5% | -3.4% | +1.9% | -8.6% | +33.5% | +4.9% |
| Cost of revenue | $19.94M | $29.38M | $31.17M | $41.52M | $11.35M | $20.07M | $76.90M | $98.10M | $90.19M |
| Gross profit | $129.59M | $138.09M | $155.06M | $194.06M | $216.16M | $211.86M | $212.03M | $185.00M | $206.69M |
| Gross margin | 86.7% | 82.5% | 83.3% | 82.4% | 95.0% | 91.3% | 100.0% | 65.3% | 69.6% |
| R&D | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $67.13M | $71.78M | $75.39M | $89.22M | $93.36M | $86.32M | $83.90M | $74.34M | $93.00M |
| Operating income | $23.74M | $25.39M | $36.70M | $56.60M | $73.12M | $73.15M | $79.42M | $63.29M | $74.07M |
| Operating margin | 15.9% | 15.2% | 19.7% | 24.0% | 32.1% | 31.5% | 37.5% | 22.4% | 24.9% |
| EBITDA | $29.03M | $30.57M | $41.93M | $63.18M | $79.56M | $80.12M | $79.42M | $69.80M | $74.07M |
| EBITDA margin | 19.4% | 18.3% | 22.5% | 26.8% | 35.0% | 34.5% | 37.5% | 24.7% | 24.9% |
| EBIT | $23.74M | $25.39M | $36.67M | $56.60M | $73.06M | $73.15M | $79.42M | $63.29M | — |
| Interest expense | $15.98M | $22.48M | $28.37M | $15.95M | $13.27M | $22.69M | $72.29M | $93.80M | $85.00M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $23.64M | $29.29M | $29.22M | $45.35M | $58.61M | $58.24M | $62.74M | $49.72M | $58.47M |
| Net income growth (YoY) | — | +23.9% | -0.2% | +55.2% | +29.2% | -0.6% | +7.7% | -20.8% | +17.6% |
| Profit margin | 15.8% | 17.5% | 15.7% | 19.3% | 25.8% | 25.1% | 29.6% | 17.6% | 19.7% |