SPFI

South Plains Financial Inc

SPFI.US spfi.bank
44.64
-0.36 (-0.80%)
USD · NASDAQ
52-week range
34.92
46.75
Trading at 82% of the 52-week range
Market Cap
847.76M
P/E Ratio
12.23
Forward P/E
0.00
Book Value
33.43
Div. Yield
1.46%
% Institutions
47.98%
% Insiders
19.22%

1 Year

+12.3%

3 Year

+78.3%

10 Year

+181.8%
Description

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. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides traditional trust products and services; debit and credit cards; retirement services and products, including real estate administration, family trust administration, revocable and irrevocable trusts, charitable trusts for individuals and corporations, self-directed individual retirement accounts, simplified employee pensions plans, employee stock ownership plans, defined benefit plans, and profit-sharing plans. In addition, it offers investment services, such as self-directed IRAs, money market funds, mutual funds, annuities and tax-deferred annuities, stocks and bonds, investments for non-U.S. residents, treasury bills, treasury notes and bonds, and tax-exempt municipal bonds. Further, the company 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; and mortgage banking services. The company was founded in 1941 and is headquartered in Lubbock, Texas.

Company Information

Company Name
South Plains Financial Inc
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US83946P1075
CIK: 0001163668
CUSIP: 83946P107
Currency: USD
Full Time Employees: 545
Phone: 806 792 7101
Website: spfi.bank
Fiscal Year End: December
IPO Date: May 09, 2019
Description:

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. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides traditional trust products and services; debit and credit cards; retirement services and products, including real estate administration, family trust administration, revocable and irrevocable trusts, charitable trusts for individuals and corporations, self-directed individual retirement accounts, simplified employee pensions plans, employee stock ownership plans, defined benefit plans, and profit-sharing plans. In addition, it offers investment services, such as self-directed IRAs, money market funds, mutual funds, annuities and tax-deferred annuities, stocks and bonds, investments for non-U.S. residents, treasury bills, treasury notes and bonds, and tax-exempt municipal bonds. Further, the company 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; and mortgage banking services. The company was founded in 1941 and is headquartered in Lubbock, Texas.

Address:

5219 City Bank Parkway, Lubbock, TX, United States, 79407

People

Directors & Officers

Name Title Year Born
Mr. Curtis C. Griffith Chairman & CEO 1953
Mr. Cory T. Newsom Executive VP, COO & Director 1968
Mr. Steven B. Crockett CPA CFO & Treasurer 1972
Mr. Brent A. Bates Senior VP of City Bank & Chief Credit Officer of City Bank 1975
Mr. Paul A. Ehlers Senior VP of City Bank & COO of City Bank 1971
Ms. Mikella D. Newsom Chief Risk Officer & Secretary 1974
Mr. Kelly L. Deterding President of Windmark Insurance & Senior VP of Insurance Development of City Bank 1959

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Sep 12, 2025 Richard D Campbell N/A Sale 15.58K $39.62 $617.40K
Sep 11, 2025 Richard D Campbell N/A Sale 44.42K $40.21 $1.79M

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 1.15M Mar 31, 2026 6.12% $0.00 -5.30%
Vanguard Capital Management, LLC 558.52K Mar 31, 2026 2.96% $0.00 0.00%
Acadian Asset Management LLC 491.44K Mar 31, 2026 2.61% $0.03 417.60%
American Century Companies Inc 464.90K Jun 30, 2026 2.47% $0.01 13.43%
Dimensional Fund Advisors, Inc. 434.79K Jun 30, 2026 2.31% $0.00 -0.13%
State Street Corp 389.53K Mar 31, 2026 2.07% $0.00 34.41%
JPMorgan Chase & Co 377.10K Mar 31, 2026 2.00% $0.00 -13.90%
Basswood Capital Management LLC 311.62K Jun 30, 2026 1.65% $0.53 309.55%
Geode Capital Management, LLC 292.95K Mar 31, 2026 1.56% $0.00 -0.13%
Two Sigma Investments LLC 173.39K Mar 31, 2026 0.92% $0.01 92.38%
Bridgeway Capital Management, LLC 165.45K Mar 31, 2026 0.88% $0.14 -8.83%
Polaris Capital Management, LLC 126.00K Jun 30, 2026 0.67% $0.51 11.11%
Panagora Asset Management Inc 120.25K Jun 30, 2026 0.64% $0.02 55.64%
Northern Trust Corp 114.13K Mar 31, 2026 0.61% $0.00 1.70%
The Goldman Sachs Group Inc 108.60K Mar 31, 2026 0.58% $0.00 52.27%
Boston Partners Global Investors, Inc 105.73K Mar 31, 2026 0.56% $0.00 0.00%
DePrince Race & Zollo Inc 103.53K Mar 31, 2026 0.55% $0.08 -3.05%
Charles Schwab Investment Management Inc 99.09K Mar 31, 2026 0.53% $0.00 -4.77%
Vanguard Portfolio Management, LLC 93.04K Mar 31, 2026 0.49% $0.00 0.00%
Gabelli Funds LLC 92.40K Jun 30, 2026 0.49% $0.03 -20.19%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 461.41K 2.45% ▲ 0.00% Jul 31, 2026
2 Avantis US Small Cap Value ETF 410.66K 2.18% ▲ 0.09% Aug 31, 2026
3 iShares Russell 2000 ETF 396.17K 2.10% ▼ 0.57% Aug 31, 2026
4 Fidelity Small Cap Index 168.31K 0.89% ▲ 38.88% Jun 30, 2026
5 Vanguard Institutional Extnd Mkt Idx Tr 167.11K 0.89% ▲ 0.28% Jul 31, 2026
6 iShares Russell 2000 Value ETF 155.59K 0.83% ▼ 0.23% Aug 31, 2026
7 State Street® SPDR® S&PRgnllBkgETF 146.25K 0.78% ▼ 3.36% Aug 31, 2026
8 JPMorgan Small Cap Value I 110.59K 0.59% ▼ 2.33% Jul 31, 2026
9 Russell 2000 Equity Index Fund B 108.82K 0.58% ▲ 41.64% Jun 30, 2026
10 Russell 2000 Index Non-Lendable Fund 108.82K 0.58% ▲ 41.64% Jun 30, 2026

Financial Highlights

Market Cap: $847.76M
P/E Ratio: $12.23
Book Value: $33.43
Dividend/Share: $0.66
Dividend Yield: 1.46%
Earnings/Share: $3.68
Profit Margin: 29.09%
Operating Margin: 37.85%
ROA (TTM): 1.34%
ROE (TTM): 12.02%
Revenue (TTM): $223.82M
Revenue/Share (TTM): $13.19
Earnings Growth (YOY): 11.60%
Revenue Growth (YOY): 23.00%

Valuation Metrics

Enterprise Value: $111.65M
Trailing P/E: 12.23
Forward P/E: 0.00

Shares Statistics

Shares Outstanding: 18.84M
Shares Float: 14.93M
% Insiders: 19.22%
% Institutions: 47.98%
Short % Float: 3.06%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$296.89M
Cost of Goods Sold
adjust
$-90.19M
Gross Profit
subtotal
$206.69M
SG&A
adjust
$-93.00M
Other Operating Expense
adjust
$-39.62M
Operating Income
subtotal
$74.07M
Other / Non-Operating Items
adjust
$-15.60M
Net Income
subtotal
$58.47M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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