South Plains Financial Balance Sheet Health
Financial Health criteria checks 6/6
South Plains Financial has total assets of $4.4B and total equity of $443.7M. Total deposits are $3.8B, and total loans are $3.0B. It earns a Net Interest Margin of 3.7%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $548.6M.
Key information
9.9x
Asset to equity ratio
3.7%
Net interest margin
| Total deposits | US$3.79b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$548.59m |
Recent financial health updates
No updates
Recent updates
South Plains Financial: Rapidly Increasing Its Tangible Book Value
Apr 22
Loan Growth And Tactical Focus Propel Financial Optimism Amidst Market Challenges
Stabilization of the auto portfolio and strategic liquidity focus position the company for loan growth and improved revenue opportunities.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 24Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SPFI's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: SPFI has a sufficient allowance for bad loans (661%).
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 (80%) is appropriate.
Level of Bad Loans: SPFI has an appropriate level of bad loans (0.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 23:49 |
| End of Day Share Price | 2025/05/20 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
South Plains Financial, Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Rabatin | Hovde Group, LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |
| Wood Lay | Keefe, Bruyette, & Woods |