The bank maintains a stable equity-to-assets ratio of 0.11, supporting a $4.6 billion asset base that is heavily weighted toward a $3.2 billion investment securities portfolio.
| Cash & Short Term Investments | 3.11B | 625.86M | 627.32M | 514.02M | 936.59M | 1.21B | 1.1B | 865.75M | 584.18M | 488.74M |
| Cash & Due from Banks | 45.88M | 58.32M | 359.08M | 330.16M | 234.88M | 486.82M | 300.31M | 158.1M | 245.99M | 294.56M |
| Short Term Investments | 602.85M | 567.54M | 268.24M | 183.86M | 701.71M | 724.5M | 803.09M | 707.65M | 338.2M | 194.18M |
| Total Investments | 3.21B | 3.68B | 3.3B | 3.17B | 3.44B | 3.2B | 3.09B | 2.88B | 2.31B | 2.13B |
| Investments Growth % | -3.04% | 11.39% | 4.11% | -7.87% | 7.65% | 3.43% | 7.46% | 24.47% | 8.48% | - |
| Long-Term Investments | 12.26B | 3.11B | 3.03B | 2.99B | 2.74B | 2.47B | 2.29B | 2.17B | 1.97B | 1.94B |
| Accounts Receivables | 17.01M | 20.93M | 21.69M | 20.88M | 16.43M | 13.9M | 15.23M | 13.92M | 12.96M | 14.3M |
| Goodwill & Intangibles | 20.33M | 20.45M | 47.33M | 48.31M | 51.33M | 45.1M | 36.12M | 29.44M | 0 | 0 |
| Goodwill | 19.32M | 19.32M | 19.32M | 19.32M | 19.51M | 19.51M | 19.51M | 18.76M | 0 | 0 |
| Intangible Assets | 1.01M | 1.13M | 28.01M | 29M | 31.82M | 25.59M | 16.61M | 10.69M | 0 | 0 |
| PP&E (Net) | 51.59M | 58.52M | 52.95M | 55.07M | 56.34M | 57.7M | 60.33M | 61.87M | 59.79M | 61.89M |
| Other Assets | 1.43B | -3.15B | 427.75M | 560.8M | 121.36M | 98.8M | 94.11M | 92.1M | 83.36M | 72.52M |
| Total Current Assets | 45.88M | 625.86M | 649.01M | 534.9M | 953.03M | 1.23B | 1.12B | 879.67M | 597.14M | 503.05M |
| Total Non-Current Assets | 4.6B | 72.01M | 3.58B | 3.67B | 2.99B | 2.68B | 2.48B | 2.36B | 2.12B | 2.07B |
| Total Assets | 4.65B | 4.48B | 4.23B | 4.2B | 3.94B | 3.9B | 3.6B | 3.24B | 2.71B | 2.57B |
| Asset Growth % | 17.99% | 5.87% | 0.65% | 6.61% | 1.08% | 8.41% | 11.18% | 19.33% | 5.42% | - |
| Return on Assets (ROA) | 1.35% | 1.34% | 1.18% | 1.54% | 1.48% | 1.56% | 1.33% | 0.98% | 1.11% | 0.92% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 60.49M | 60.49M | 110.35M | 110.17M | 122.35M | 122.17M | 223.53M | 205.03M | 193.1M | 177.83M |
| Net Debt | 14.61M | 2.17M | -248.73M | -219.99M | -112.53M | -364.65M | -76.78M | 46.93M | -52.89M | -116.73M |
| Long-Term Debt | 60.49M | 60.49M | 110.35M | 110.17M | 122.35M | 122.17M | 196.98M | 167.87M | 175.4M | 162.28M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 26.55M | 37.16M | 17.7M | 15.55M |
| Other Liabilities | 4.08B | 3.93B | 62.06M | 61.36M | 0 | 0 | 0 | 0 | 58.2M | 57.12M |
| Total Current Liabilities | 4.03B | 1.62M | 3.62B | 3.63B | 3.46B | 3.37B | 3.03B | 2.76B | 2.32B | 2.2B |
| Total Non-Current Liabilities | 4.14B | 3.99B | 172.41M | 171.53M | 122.35M | 122.17M | 196.98M | 167.87M | 233.59M | 219.4M |
| Total Liabilities | 4.14B | 3.99B | 3.79B | 3.8B | 3.59B | 3.49B | 3.23B | 2.93B | 2.56B | 2.42B |
| Total Equity | 504.94M | 493.84M | 438.95M | 407.11M | 357.01M | 407.43M | 370.05M | 306.18M | 154.58M | 158.21M |
| Equity Growth % | 42.76% | 12.5% | 7.82% | 14.03% | -12.37% | 10.1% | 20.86% | 98.07% | -2.29% | - |
| Equity / Assets (Capital Ratio) | 10.87% | 11.02% | 10.37% | 9.68% | 9.05% | 10.44% | 10.28% | 9.46% | 5.7% | 6.15% |
| Return on Equity (ROE) | 12.58% | 12.54% | 11.75% | 16.42% | 15.24% | 15.08% | 13.41% | 12.68% | 18.73% | 14.94% |
| Book Value per Share | 29.64 | 29.06 | 26.67 | 24.80 | 20.97 | 22.94 | 20.47 | 16.98 | 8.85 | 9.05 |
| Tangible BV per Share | 28.45 | 27.86 | 23.80 | 21.86 | 17.95 | 20.40 | 18.47 | 15.34 | 8.85 | 9.05 |
| Common Stock | 16.34M | 16.29M | 16.46M | 16.42M | 17.03M | 17.76M | 18.08M | 18.04M | 14.77M | 15.15M |
| Additional Paid-in Capital | 91.24M | 91.06M | 97.29M | 97.11M | 112.83M | 133.22M | 141.11M | 140.49M | 80.41M | 85.89M |
| Retained Earnings | 445.97M | 434.2M | 385.83M | 345.26M | 292.26M | 242.75M | 189.52M | 146.7M | 119.83M | 120.59M |
| Accumulated OCI | -48.62M | -47.72M | -60.62M | -51.67M | -65.11M | 13.7M | 21.34M | 958K | -2.24M | -446K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.86M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional economic concentration risk
According to quarterly financial statements, SPFI's total assets expanded from $4.2 billion in 2023Q4 to $4.6 billion by 2026Q1, a trend largely supported by a significant investment securities portfolio that reached $3.2 billion, suggesting a strategy focused on balance sheet liquidity over aggressive loan book expansion.
The bank's asset composition indicates a preference for maintaining a substantial securities buffer, which may serve as a defensive mechanism against regional volatility. This growth trajectory appears to be managed with a focus on stability, though investors should monitor whether this reliance on securities limits the potential for higher-yielding loan growth in the future.
Based on reported figures, the equity-to-assets ratio has remained remarkably consistent at approximately 0.10 to 0.11 over the last ten quarters, indicating that the bank is maintaining a stable capital base to support its $4.6 billion asset footprint while navigating the current interest rate environment.
This consistent capital ratio suggests a disciplined approach to capital management, ensuring that the bank remains well-positioned to absorb potential shocks within its West Texas footprint. The stability of this metric implies that management is prioritizing long-term solvency over aggressive leverage, which may be prudent given the bank's regional concentration.
As reported in recent filings, cash and cash equivalents fluctuated significantly from a low of $45.9 million in 2026Q1 to a peak of $635.0 million in 2025Q3, reflecting an active liquidity management strategy that appears to respond to seasonal shifts in the bank's agricultural and insurance business cycles.
The volatility in cash balances suggests that the bank maintains a flexible liquidity position to accommodate the seasonal demands of its West Texas client base. While this variability is a hallmark of the bank's operational model, it warrants monitoring to ensure that liquidity remains sufficient during periods of unexpected deposit outflows or loan demand spikes.
Financial data indicates that investment securities constitute a dominant portion of the balance sheet, reaching $3.2 billion in 2026Q1, which may expose the bank to significant unrealized losses if interest rates remain elevated or continue to rise, potentially constraining future capital deployment flexibility for the institution.
The heavy concentration in securities relative to total assets suggests that the bank's balance sheet is sensitive to duration risk, which could impact the valuation of its capital base. Investors should consider whether the current yield on these securities adequately compensates for the potential volatility in the bank's tangible book value.
Quick answers to the most common questions about buying SPFI stock.
As of 2025, South Plains Financial, Inc. (SPFI) had total assets of $4.48B including $625.9M in current assets.
South Plains Financial, Inc. (SPFI) carries total debt of $60.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
South Plains Financial, Inc. (SPFI) has total shareholders' equity (book value) of $493.8M ($29.06 book value per share). Book value represents the net worth of the company belonging to common stock holders.
South Plains Financial, Inc. (SPFI) reported a current ratio of 386.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.