South Plains Financial, Inc.

NasdaqGS:SPFI Stock Report

Market Cap: US$590.2m

South Plains Financial Past Earnings Performance

Past criteria checks 2/6

South Plains Financial has been growing earnings at an average annual rate of 10.9%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 3.9% per year. South Plains Financial's return on equity is 9.8%, and it has net margins of 23.7%.

Key information

10.9%

Earnings growth rate

12.1%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate3.9%
Return on equity9.8%
Net Margin23.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

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

South Plains Financial (NASDAQ:SPFI) Will Pay A Larger Dividend Than Last Year At US$0.09

Jul 26
South Plains Financial (NASDAQ:SPFI) Will Pay A Larger Dividend Than Last Year At US$0.09

South Plains Financial EPS beats by $0.13, beats on revenue

Apr 27

Could The South Plains Financial, Inc. (NASDAQ:SPFI) Ownership Structure Tell Us Something Useful?

Mar 01
Could The South Plains Financial, Inc. (NASDAQ:SPFI) Ownership Structure Tell Us Something Useful?

South Plains Financial, Inc. 2020 Q4 - Results - Earnings Call Presentation

Feb 01

Be Sure To Check Out South Plains Financial, Inc. (NASDAQ:SPFI) Before It Goes Ex-Dividend

Jan 25
Be Sure To Check Out South Plains Financial, Inc. (NASDAQ:SPFI) Before It Goes Ex-Dividend

Revenue & Expenses Breakdown

How South Plains Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:SPFI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24184441050
30 Jun 24185461040
31 Mar 24213641080
31 Dec 23211631090
30 Sep 23216651110
30 Jun 23224671160
31 Mar 23206531150
31 Dec 22217581190
30 Sep 22223601220
30 Jun 22223601220
31 Mar 22221581220
31 Dec 21221591220
30 Sep 21223601230
30 Jun 21223611210
31 Mar 21211531200
31 Dec 20198451170
30 Sep 20186401130
30 Jun 20170311080
31 Mar 20165321040
31 Dec 19158291020
30 Sep 19152251010
30 Jun 19146221010
31 Mar 1914329990
31 Dec 1814129970
31 Dec 1713124900

Quality Earnings: SPFI has high quality earnings.

Growing Profit Margin: SPFI's current net profit margins (23.7%) are lower than last year (30.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SPFI's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: SPFI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SPFI had negative earnings growth (-33.1%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: SPFI's Return on Equity (9.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 22:41
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 .

Analyst Sources

South Plains Financial, Inc. is covered by 6 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