(SPFI) South Plains Financial - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 754m USD | Total Return: 16.9% in 12m
Avg Turnover: 4.15M
EPS Trend: -18.9%
Qual. Beats: 0
Rev. Trend: 96.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
South Plains Financial, Inc. (SPFI) is the bank holding company for City Bank, a Texas-based institution providing commercial and consumer banking, trust services, and mortgage banking. The company focuses on serving small to medium-sized businesses and individual clients through a suite of deposit products, specialized commercial lending, and investment management services.
Operating within the regional banking sub-industry, SPFI relies on a business model centered on the net interest margin-the spread between interest earned on loans, such as agricultural and commercial real estate, and interest paid on deposits. Regional banks often maintain a competitive advantage through localized market knowledge and relationship-based lending, which is vital in the diverse Texas economic landscape.
For more detailed insights into the company’s fundamentals, consider reviewing the latest data on ValueRay. Since its IPO in 2019, the firm has expanded its portfolio to include comprehensive retirement services and specialized lending for sectors like energy and construction.
- Net interest margin fluctuates with Federal Reserve interest rate policy
- Agricultural and energy sector exposure drives commercial loan portfolio performance
- Mortgage banking revenue volatility impacts non-interest income growth
- Texas economic expansion supports deposit growth and credit quality stability
| Net Income: 60.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.05 > 1.0 |
| NWC/Revenue: 14.82% < 20% (prev -1.07k%; Δ 1.08k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 72.8m > Net Income 60.7m |
| Net Debt (14.6m) to EBITDA (82.5m): 0.18 < 3 |
| Current Ratio: 28.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (17.0m) vs 12m ago -0.17% < -2% |
| Gross Margin: 70.39% > 18% (prev 0.66%; Δ 6.97k% > 0.5%) |
| Asset Turnover: 6.60% > 50% (prev 6.43%; Δ 0.16% > 0%) |
| Interest Coverage Ratio: 0.92 > 6 (EBITDA TTM 82.5m / Interest Expense TTM 83.4m) |
| A: 0.01 (Total Current Assets 45.9m - Total Current Liabilities 1.62m) / Total Assets 4.65b |
| B: 0.10 (Retained Earnings 446.0m / Total Assets 4.65b) |
| C: 0.02 (EBIT TTM 76.7m / Avg Total Assets 4.53b) |
| D: 0.10 (Book Value of Equity 413.7m / Total Liabilities 4.14b) |
| Altman-Z'' = 0.59 = B |
| DSRI: 0.91 (Receivables 17.0m/17.7m, Revenue 298.6m/283.5m) |
| GMI: 0.94 (GM 70.39% / 66.23%) |
| AQI: 1.20 (AQ_t 0.98 / AQ_t-1 0.81) |
| SGI: 1.05 (Revenue 298.6m / 283.5m) |
| TATA: -0.00 (NI 60.7m - CFO 72.8m) / TA 4.65b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 40.13 with a total of 92,897 shares traded.
Over the past week, the price has changed by +2.89%,
over one month by -6.55%,
over three months by -2.22% and
over the past year by +16.87%.
South Plains Financial has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy SPFI.
- StrongBuy: 1
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 47 | 17.1% |
P/S = 3.559
P/B = 1.5391
Revenue TTM = 298.6m USD
EBIT TTM = 76.7m USD
EBITDA TTM = 82.5m USD
Long Term Debt = 60.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 60.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.6m USD (calculated: Debt 60.5m - CCE 45.9m)
Enterprise Value = 768.6m USD (754.0m + Debt 60.5m - CCE 45.9m)
Interest Coverage Ratio = 0.92 (Ebit TTM 76.7m / Interest Expense TTM 83.4m)
EV/FCF = 12.55x (Enterprise Value 768.6m / FCF TTM 61.2m)
FCF Yield = 7.97% (FCF TTM 61.2m / Enterprise Value 768.6m)
FCF Margin = 20.50% (FCF TTM 61.2m / Revenue TTM 298.6m)
Net Margin = 20.33% (Net Income TTM 60.7m / Revenue TTM 298.6m)
Gross Margin = 70.39% ((Revenue TTM 298.6m - Cost of Revenue TTM 88.4m) / Revenue TTM)
Gross Margin QoQ = 72.89% (prev 70.08%)
Tobins Q-Ratio = 0.17 (Enterprise Value 768.6m / Total Assets 4.65b)
Interest Expense / Debt = 137.8% (Interest Expense 83.4m / Debt 60.5m)
Taxrate = 20.78% (3.82m / 18.4m)
NOPAT = 60.8m (EBIT 76.7m * (1 - 20.78%))
Current Ratio = 0.73 (Total Current Assets 45.9m / Total Current Liabilities 62.8m)
Debt / Equity = 0.12 (Debt 60.5m / totalStockholderEquity, last quarter 504.9m)
Debt / EBITDA = 0.18 (Net Debt 14.6m / EBITDA 82.5m)
Debt / FCF = 0.24 (Net Debt 14.6m / FCF TTM 61.2m)
Total Stockholder Equity = 482.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.34% (Net Income 60.7m / Total Assets 4.65b)
RoE = 12.58% (Net Income TTM 60.7m / Total Stockholder Equity 482.7m)
RoCE = 14.13% (EBIT 76.7m / Capital Employed (Equity 482.7m + L.T.Debt 60.5m))
RoIC = 1.31% (NOPAT 60.8m / Invested Capital 4.64b)
WACC = 7.73% (E(754.0m)/V(814.5m) * Re(8.35%) + (debt cost/tax rate unavailable))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 6.67 | Cagr: 0.07%
[DCF] Terminal Value 76.61% ; FCFF base≈59.1m ; Y1≈64.0m ; Y5≈79.0m
[DCF] Fair Price = 62.41 (EV 1.21b - Net Debt 14.6m = Equity 1.19b / Shares 19.1m; r=8.35% [WACC [floored]]; 5y FCF grow 9.56% → 2.50% )
EPS Correlation: -18.88 | EPS CAGR: -2.79% | SUE: 0.38 | # QB: 0
Revenue Correlation: 96.52 | Revenue CAGR: 9.15% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.95 | Chg30d=-0.18% | Revisions=-43% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.99 | Chg30d=-1.98% | Revisions=-43% | Analysts=3
EPS current Year (2026-12-31): EPS=3.85 | Chg30d=+0.24% | Revisions=-33% | GrowthEPS=+11.8% | GrowthRev=+17.4%
EPS next Year (2027-12-31): EPS=4.10 | Chg30d=-2.26% | Revisions=-43% | GrowthEPS=+6.6% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: -43%