South Plains Financial, Inc. (SPFI) Revenue History
Annual and quarterly revenue from 2017 to present
SPFI Revenue Over Time (2017–2025)
SPFI Revenue Growth History
7 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +12.0%
- FY2019 revenue growth
- +11.2%
- FY2020 revenue growth
- +26.5%
- FY2021 revenue growth
- -3.4%
- FY2022 revenue growth
- +1.9%
- FY2023 revenue growth
- +7.1%
- FY2024 revenue growth
- +13.9%
- FY2025 revenue growth
- +4.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $73.9M | — |
| Q4 2025 | $74.4M | — |
| Q3 2025 | $74.0M | — |
| Q2 2025 | $76.3M | — |
| Q1 2025 | $69.1M | — |
| Q4 2024 | $73.2M | — |
| Q3 2024 | $70.8M | — |
| Q2 2024 | $70.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
SPFI Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 28, 2026, South Plains Financial, Inc. (SPFI) generated trailing twelve-month (TTM) revenue of $298.6 million, reflecting solid growth of +7.0% year-over-year. The most recent quarter (Q1 2026) recorded $73.9 million in revenue, down 0.6% sequentially.
Historical Growth Trajectory
SPFI's 5-year compound annual growth rate (CAGR) stands at +4.7%, indicating moderate growth over time. The 3-year CAGR of +8.6% exceeds the 5-year average, indicating an acceleration in the most recent period. South Plains Financial, Inc.'s highest annual revenue of $296.9 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including FFIN, TCBI, and SBSI. Compare SPFI vs FFIN →
SPFI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SPFICurrent | $299M | +7.0% | +4.7% | 24.9% | |
 FFIN | $826M | - | - | 37.5% | |
 TCBI | $2.0B | - | - | 22.2% | |
 SBSI | $419M | - | - | 19.7% | |
 BOKF | $3.3B | - | - | 21.4% | |
 HFBL | $32M | - | - | 14.4% |
SPFI Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $296.9M | - | $206.7M | 69.6% | $74.1M | 24.9% |
| 2024 | $283.1M | - | $185.0M | 65.3% | $63.3M | 22.4% |
| 2023 | $248.5M | - | $171.6M | 69.1% | $79.4M | 32.0% |
| 2022 | $231.9M | - | $211.9M | 91.3% | $73.2M | 31.5% |
| 2021 | $227.5M | - | $216.2M | 95.0% | $73.1M | 32.1% |
| 2020 | $235.6M | - | $194.1M | 82.4% | $56.6M | 24.0% |
| 2019 | $186.2M | - | $155.1M | 83.3% | $36.7M | 19.7% |
| 2018 | $167.5M | - | $138.1M | 82.5% | $25.4M | 15.2% |
| 2017 | $149.5M | - | $129.6M | 86.7% | $23.7M | 15.9% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SPFI — Frequently Asked Questions
Quick answers to the most common questions about buying SPFI stock.
Is SPFI's revenue growth accelerating or slowing?
SPFI revenue growth is holding steady at +7.0% year-over-year. TTM revenue is $299M. The current growth rate closely tracks the 5-year CAGR of +4.7%, signalling consistent execution.
What is SPFI's revenue history from 2017 to 2026?
South Plains Financial, Inc. (SPFI) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $299M, growing at +7.0% YoY. The 5-year CAGR is +4.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SPFI's long-term revenue growth rate (CAGR)?
South Plains Financial, Inc.'s 5-year revenue CAGR of +4.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +7.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SPFI.
Why does SPFI's quarterly revenue fluctuate?
SPFI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. South Plains Financial, Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is SPFI's revenue distributed by segment?
SPFI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SPFI's revenue compare to industry peers?
South Plains Financial, Inc. (SPFI) with TTM revenue of $299M and +7.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.