South Plains Financial, Inc.

NasdaqGS:SPFI Stock Report

Market Cap: US$588.7m

South Plains Financial Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Curtis Griffith

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage34.56%
CEO tenure53.3yrs
CEO ownership8.3%
Management average tenure10.3yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

South Plains Financial: Rapidly Increasing Its Tangible Book Value

Apr 22
author-image

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, Inc. (NASDAQ:SPFI) Just Reported And Analysts Have Been Lifting Their Price Targets

South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year

Oct 21
South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year

South Plains Financial (NASDAQ:SPFI) Is Increasing Its Dividend To $0.13

Apr 25
South Plains Financial (NASDAQ:SPFI) Is Increasing Its Dividend To $0.13

South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 24
South Plains Financial's (NASDAQ:SPFI) Shareholders Will Receive A Bigger Dividend Than Last Year

South Plains Financial declares $0.12 dividend

Oct 20

South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To $0.12

Jul 26
South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To $0.12

South Plains Financial raises dividend by 9% to $0.12/share

Jul 21

South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To US$0.11

Jan 24
South Plains Financial's (NASDAQ:SPFI) Dividend Will Be Increased To US$0.11

CEO Compensation Analysis

How has Curtis Griffith's remuneration changed compared to South Plains Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

US$51m

Dec 31 2024US$1mUS$400k

US$50m

Sep 30 2024n/an/a

US$44m

Jun 30 2024n/an/a

US$46m

Mar 31 2024n/an/a

US$64m

Dec 31 2023US$1mUS$400k

US$63m

Sep 30 2023n/an/a

US$65m

Jun 30 2023n/an/a

US$67m

Mar 31 2023n/an/a

US$53m

Dec 31 2022US$1mUS$400k

US$58m

Sep 30 2022n/an/a

US$60m

Jun 30 2022n/an/a

US$60m

Mar 31 2022n/an/a

US$58m

Dec 31 2021US$1mUS$400k

US$59m

Sep 30 2021n/an/a

US$60m

Jun 30 2021n/an/a

US$61m

Mar 31 2021n/an/a

US$53m

Dec 31 2020US$922kUS$361k

US$45m

Sep 30 2020n/an/a

US$40m

Jun 30 2020n/an/a

US$31m

Mar 31 2020n/an/a

US$32m

Dec 31 2019US$845kUS$366k

US$29m

Sep 30 2019n/an/a

US$25m

Jun 30 2019n/an/a

US$22m

Mar 31 2019n/an/a

US$29m

Dec 31 2018US$511kUS$403k

US$29m

Compensation vs Market: Curtis's total compensation ($USD1.16M) is below average for companies of similar size in the US market ($USD2.67M).

Compensation vs Earnings: Curtis's compensation has been consistent with company performance over the past year.

CEO

Curtis Griffith (71 yo)

53.3yrs
Tenure
US$1,157,251
Compensation

Mr. Curtis C. Griffith has been the Chairman of South Plains Financial, Inc. since 1993 and serves as its Chief executive Officer. Mr. Griffith served as President of South Plains Financial, Inc. Mr. Griff...

Leadership Team

NamePositionTenureCompensationOwnership
Curtis Griffith
Chairman & CEOno dataUS$1.16m8.29%
$ 48.8m
Cory Newsom
President & Director6.3yrsUS$2.07m1.76%
$ 10.4m
Steven Crockett
CFO & Treasurer10.3yrsUS$865.26k0.51%
$ 3.0m
Brent Bates
Senior VP of City Bank & Chief Credit Officer of City Bank5.3yrsUS$585.13k0.075%
$ 441.7k
Paul Ehlers
Senior VP of City Bank & COO of City Bankno dataUS$607.64k0.51%
$ 3.0m
Mikella Newsom
Chief Risk Officer & Secretary12.3yrsno data0.43%
$ 2.5m
Kelly Deterding
President of Windmark Insurance & Senior VP of Insurance Development of City Bank22.3yrsUS$642.35kno data
10.3yrs
Average Tenure
53yo
Average Age

Experienced Management: SPFI's management team is seasoned and experienced (10.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Curtis Griffith
Chairman & CEO53.3yrsUS$1.16m8.29%
$ 48.8m
Cory Newsom
President & Director17.3yrsUS$2.07m1.76%
$ 10.4m
Richard Campbell
Lead Independent Director14.3yrsUS$138.09k0.30%
$ 1.8m
Noe Valles
Independent Director6.3yrsUS$120.49k3%
$ 17.6m
Kyle Wargo
Independent Director9.3yrsUS$126.58k0.079%
$ 465.7k
LaDana Washburn
Independent Director2.3yrsUS$120.71k0.0057%
$ 33.6k
11.8yrs
Average Tenure
60.5yo
Average Age

Experienced Board: SPFI's board of directors are seasoned and experienced ( 11.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/19 12:32
End of Day Share Price 2025/05/19 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

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.

AnalystInstitution
Brett RabatinHovde Group, LLC
Christopher McGrattyKeefe, Bruyette, & Woods
Wood LayKeefe, Bruyette, & Woods