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Complete financial analysis of South Plains Financial, Inc. (SPFI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of South Plains Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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South Plains Financial, Inc. (SPFI)
About South Plains Financial, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 210.95M | 214.62M | 219.23M | 221.57M | 161.21M | 144.99M | 133.55M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 210.95M | 214.62M | 219.23M | 221.57M | 161.21M | 144.99M | 133.55M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 79.38M | 86.32M | 93.36M | 89.22M | 75.39M | 71.78M | 67.13M |
| Selling & Marketing | 3.45M | 3.61M | 3.23M | 3.09M | 3.02M | 3.05M | 2.99M |
| SG&A | 82.83M | 89.94M | 96.59M | 92.31M | 78.41M | 74.83M | 70.12M |
| Other Expenses | 0.00 | -86.32M | -242.70M | -257.28M | -202.92M | -174.18M | -163.96M |
| Operating Expenses | 131.54M | 3.61M | -146.11M | -164.97M | -124.51M | -97.12M | -93.84M |
| Cost & Expenses | 131.54M | 3.61M | -146.11M | -164.97M | -124.51M | -97.12M | -93.84M |
| Interest Income | 212.03M | 161.17M | 135.04M | 138.23M | 132.94M | 118.09M | 104.44M |
| Interest Expense | 72.29M | 22.69M | 13.27M | 15.95M | 28.37M | 22.48M | 15.98M |
| Depreciation & Amortization | 0.00 | 5.10M | 6.50M | 6.50M | 5.26M | 5.19M | 5.28M |
| EBITDA | 0.00 | 80.12M | 91.55M | 0.00 | 0.00 | 51.96M | 49.42M |
| EBITDA Ratio | 0.00% | 47.90% | 36.29% | 28.51% | 26.01% | 36.59% | 33.70% |
| Operating Income | 79.42M | 95.84M | 73.12M | 56.60M | 36.70M | 47.87M | 39.72M |
| Operating Income Ratio | 37.65% | 44.66% | 33.35% | 25.55% | 22.77% | 33.02% | 29.74% |
| Total Other Income/Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 79.42M | 73.15M | 73.12M | 56.60M | 36.70M | 25.39M | 23.74M |
| Income Before Tax Ratio | 37.65% | 34.08% | 33.35% | 25.55% | 22.77% | 17.51% | 17.78% |
| Income Tax Expense | 16.67M | 14.91M | 14.51M | 11.25M | 7.48M | -3.90M | 107.00K |
| Net Income | 62.75M | 58.24M | 58.61M | 45.35M | 29.22M | 29.29M | 23.64M |
| Net Income Ratio | 29.74% | 27.14% | 26.74% | 20.47% | 18.13% | 20.20% | 17.70% |
| EPS | 3.62 | 3.35 | 3.26 | 2.51 | 1.74 | 1.68 | 1.35 |
| EPS Diluted | 3.62 | 3.23 | 3.17 | 2.47 | 1.71 | 1.68 | 1.35 |
| Weighted Avg Shares Out | 17.33M | 17.37M | 17.95M | 18.05M | 16.82M | 17.47M | 17.47M |
| Weighted Avg Shares Out (Dil) | 17.33M | 18.02M | 18.49M | 18.34M | 17.04M | 17.47M | 17.47M |
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South Plains Financial (SPFI) Upgraded to Strong Buy: What Does It Mean for the Stock?
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Can South Plains Financial (SPFI) Run Higher on Rising Earnings Estimates?
South Plains Financial, Inc. (SPFI) Q2 2024 Earnings Call Transcript
Compared to Estimates, South Plains Financial (SPFI) Q2 Earnings: A Look at Key Metrics
South Plains Financial (SPFI) Q2 Earnings and Revenues Beat Estimates
South Plains Financial, Inc. Declares Quarterly Cash Dividend
South Plains Financial, Inc. Reports Second Quarter 2024 Financial Results
South Plains Financial, Inc. Announces Second Quarter 2024 Earnings Call
Source: https://incomestatements.info
Category: Stock Reports