South Plains Financial Balance Sheet Health
Financial Health criteria checks 6/6
South Plains Financial has total assets of $4.3B and total equity of $443.1M. Total deposits are $3.7B, and total loans are $3.0B. It earns a Net Interest Margin of 3.6%. It has sufficient allowance for bad loans, which are currently at 0.8% of total loans. Cash and short-term investments are $483.2M.
Key information
9.8x
Asset to equity ratio
3.6%
Net interest margin
| Total deposits | US$3.72b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.8% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$483.23m |
Recent financial health updates
No updates
Recent updates
South Plains Financial, Inc. (NASDAQ:SPFI) Just Reported And Analysts Have Been Lifting Their Price Targets
Oct 26
South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 21South Plains Financial (NASDAQ:SPFI) Is Increasing Its Dividend To $0.13
Apr 25South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 24South Plains Financial declares $0.12 dividend
Oct 20South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To $0.12
Jul 26South Plains Financial raises dividend by 9% to $0.12/share
Jul 21South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To US$0.11
Jan 24South Plains Financial (NASDAQ:SPFI) Will Pay A Larger Dividend Than Last Year At US$0.09
Jul 26South Plains Financial EPS beats by $0.13, beats on revenue
Apr 27Could The South Plains Financial, Inc. (NASDAQ:SPFI) Ownership Structure Tell Us Something Useful?
Mar 01South Plains Financial, Inc. 2020 Q4 - Results - Earnings Call Presentation
Feb 01Be Sure To Check Out South Plains Financial, Inc. (NASDAQ:SPFI) Before It Goes Ex-Dividend
Jan 25Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SPFI's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: SPFI has a sufficient allowance for bad loans (174%).
Low Risk Liabilities: 96% of SPFI's liabilities are made up of primarily low risk sources of funding.
Loan Level: SPFI has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: SPFI's Loans to Deposits ratio (81%) is appropriate.
Level of Bad Loans: SPFI has an appropriate level of bad loans (0.8%).