South Plains Financial, Inc. (SPFI)

NASDAQ: SPFI · IEX Real-Time Price · USD
26.00
+0.08 (0.31%)
Nov 29, 2023, 9:40 AM EST - Market open
0.31%
Market Cap 435.13M
Revenue (ttm) 219.41M
Net Income (ttm) 65.04M
Shares Out 16.48M
EPS (ttm) 3.73
PE Ratio 6.95
Forward PE 10.61
Dividend $0.52 (2.00%)
Ex-Dividend Date Oct 27, 2023
Volume 472
Open 26.15
Previous Close 25.92
Day's Range 26.00 - 26.38
52-Week Range 18.75 - 31.18
Beta 0.60
Analysts Buy
Price Target 27.75 (+6.73%)
Earnings Date Oct 24, 2023

About SPFI

South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, f... [Read more]

Sector Financials
IPO Date May 9, 2019
Employees 600
Stock Exchange NASDAQ
Ticker Symbol SPFI
Full Company Profile

Financial Performance

In 2022, SPFI's revenue was $217.24 million, a decrease of -1.77% compared to the previous year's $221.15 million. Earnings were $58.24 million, a decrease of -0.64%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for SPFI stock is "Buy." The 12-month stock price forecast is $27.75, which is an increase of 6.73% from the latest price.

Price Target
$27.75
(6.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

South Plains Financial, Inc. Reports Third Quarter 2023 Financial Results

LUBBOCK, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

5 weeks ago - GlobeNewsWire

South Plains Financial, Inc. Declares Quarterly Cash Dividend

LUBBOCK, Texas, Oct. 19, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared...

5 weeks ago - GlobeNewsWire

South Plains Financial, Inc. Announces Third Quarter 2023 Earnings Call

LUBBOCK, Texas, Oct. 18, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its third quarter ...

5 weeks ago - GlobeNewsWire

South Plains Financial, Inc. Reports Second Quarter 2023 Financial Results

LUBBOCK, Texas, July 25, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

4 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces Second Quarter 2023 Earnings Call

LUBBOCK, Texas, July 11, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its second quarter...

5 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces Stock Repurchase Program

LUBBOCK, Texas, May 05, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) ...

7 months ago - GlobeNewsWire

South Plains Financial, Inc. Reports First Quarter 2023 Financial Results

LUBBOCK, Texas, April 27, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repo...

7 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces First Quarter 2023 Earnings Call

LUBBOCK, Texas, April 13, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its first quarter...

8 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces the Sale of Windmark Insurance Agency, Inc. to Alliant Insurance Services, Inc.

LUBBOCK, Texas, April 04, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that it has sold City ...

8 months ago - GlobeNewsWire

South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2022 Financial Results

LUBBOCK, Texas, Jan. 26, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

10 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces 8% Increase to Quarterly Cash Dividend

LUBBOCK, Texas, Jan. 19, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared...

11 months ago - GlobeNewsWire

South Plains Financial, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Call

LUBBOCK, Texas, Jan. 12, 2023 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its fourth quarter...

11 months ago - GlobeNewsWire

South Plains Financial, Inc. Publishes Second Annual ESG Highlights Report

LUBBOCK, Texas, Nov. 21, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced the release of the Comp...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Reports Third Quarter 2022 Financial Results

LUBBOCK, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces Third Quarter 2022 Earnings Call

LUBBOCK, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its third quarter ...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Reports Second Quarter 2022 Financial Results

LUBBOCK, Texas, July 22, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces 9% Increase to Quarterly Cash Dividend

LUBBOCK, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces Second Quarter 2022 Earnings Call

LUBBOCK, Texas, July 12, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its second quarter...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces Approval of a New Stock Repurchase Program

LUBBOCK, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) ...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Reports First Quarter 2022 Financial Results

LUBBOCK, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repo...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces First Quarter 2022 Earnings Call

LUBBOCK, Texas, April 12, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its first quarter...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results

LUBBOCK, Texas, Jan. 27, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today repor...

1 year ago - GlobeNewsWire

South Plains Financial, Inc. Announces $0.02 Increase to Quarterly Cash Dividend

LUBBOCK, Texas, Jan. 20, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared...

2 years ago - GlobeNewsWire

South Plains Financial, Inc. Announces Fourth Quarter and Full Year 2021 Earnings Call

LUBBOCK, Texas, Jan. 13, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its fourth quarter...

2 years ago - GlobeNewsWire

South Plains Financial, Inc. Announces Approval of Stock Repurchase Program

LUBBOCK, Texas, Nov. 01, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company approved a ne...

2 years ago - GlobeNewsWire