Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 283.10M | 248.51M | 231.94M | 227.51M | 235.58M |
Gross Profit | 185.00M | 171.62M | 211.86M | 216.16M | 194.06M |
EBITDA | 69.80M | 85.83M | 80.12M | 79.56M | 63.18M |
Net Income | 49.72M | 62.74M | 58.24M | 58.61M | 45.35M |
Balance Sheet | |||||
Total Assets | 4.23B | 4.20B | 3.94B | 3.90B | 3.60B |
Cash, Cash Equivalents and Short-Term Investments | 627.32M | 514.02M | 936.59M | 1.21B | 1.10B |
Total Debt | 110.35M | 110.17M | 122.35M | 122.17M | 223.53M |
Total Liabilities | 3.79B | 3.80B | 3.59B | 3.49B | 3.24B |
Stockholders Equity | 438.95M | 407.11M | 357.01M | 407.43M | 370.05M |
Cash Flow | |||||
Free Cash Flow | 56.03M | 53.86M | 119.12M | 93.35M | 2.32M |
Operating Cash Flow | 59.38M | 58.54M | 123.59M | 96.27M | 5.63M |
Investing Cash Flow | -13.93M | -143.38M | -408.86M | -159.84M | -156.23M |
Financing Cash Flow | -16.53M | 180.11M | 33.33M | 250.08M | 292.81M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | $767.61M | 14.49 | 7.93% | 3.59% | 5.39% | 8.80% | |
77 Outperform | $666.35M | 12.81 | 12.52% | 1.49% | 6.07% | 20.59% | |
73 Outperform | $710.21M | 11.34 | 11.08% | 3.30% | 20.07% | 21.46% | |
73 Outperform | $686.28M | 15.76 | 10.47% | 2.92% | 89.40% | -29.07% | |
73 Outperform | $635.36M | 16.28 | 5.70% | 5.09% | 6.63% | -19.64% | |
69 Neutral | $590.85M | 17.68 | 7.82% | 0.93% | 6.63% | 62.84% | |
68 Neutral | $18.06B | 11.97 | 10.24% | 3.74% | 9.75% | 1.30% |
On August 20, 2025, South Plains Financial, Inc. adopted new bylaws to align with recent changes in the Texas Business Organizations Code. These amendments include a 3% ownership threshold for shareholders to initiate derivative proceedings, electing governance under Section 21.419 of the TBOC, designating specific courts for internal entity claims, and waiving jury trials for such claims.
On July 17, 2025, South Plains Financial, Inc. announced a 7% increase in its quarterly cash dividend, raising it to $0.16 per share of common stock. This dividend will be paid on August 11, 2025, to shareholders recorded by July 28, 2025, reflecting the company’s commitment to delivering value to its stakeholders.
South Plains Financial, Inc. reported strong financial results for the second quarter of 2025, with net income rising to $14.6 million, up from $12.3 million in the previous quarter and $11.1 million in the same quarter of 2024. The company achieved a net interest margin of 4.07% and saw growth in net interest income, driven by increased loan interest income and a recovery of interest from a previously nonaccrual loan. Despite a decrease in total deposits from the previous quarter, the company experienced year-over-year growth in deposits, supported by organic growth in retail and commercial deposits. The company is strategically focused on expanding its lending platform and has recruited experienced lenders to enhance its market presence.