South Plains Financial, Inc. (SPFI)

South Plains Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	203.91	202.27	176.6	137.95	120.54	121.73
Interest Income on Investments	38.19	38.63	35.44	23.21	14.5	16.5
Total Interest Income	242.09	240.9	212.03	161.17	135.04	138.23
Interest Paid on Deposits	85.25	87.08	64.99	17	8.29	11.89
Interest Paid on Borrowings	6.59	6.72	7.3	5.69	4.98	4.05
Total Interest Expense	91.84	93.8	72.29	22.69	13.27	15.95
Net Interest Income	150.26	147.1	139.75	138.48	121.76	122.29
Net Interest Income Growth (YoY)	6.72%	5.26%	0.92%	13.73%	-0.43%	16.93%
Trust Income	2.72	2.72	2.43	2.39	2.92	3.19
Mortgage Banking Activities	1.83	3.66	2.79	10.61	8.54	1.51
Gain (Loss) on Sale of Assets	-	-	33.78	-	-	-
Gain (Loss) on Sale of Investments	-	-	-3.41	-	-	2.32
Other Non-Interest Income	23.86	23.14	22.07	35.56	27.86	24.03
Total Non-Interest Income	47.29	48.07	75.82	76.15	97.47	101.6
Non-Interest Income Growth (YoY)	-38.21%	-36.59%	-0.43%	-21.88%	-4.07%	79.41%
Revenues Before Loan Losses	197.55	195.17	215.56	214.62	219.23	223.89
Provision for Loan Losses	3.89	4.3	4.61	-2.62	-1.92	25.57
Revenue	193.66	190.87	210.95	217.24	221.15	198.32
Revenue Growth (YoY)	-9.04%	-9.52%	-2.89%	-1.77%	11.51%	25.19%
Salaries and Employee Benefits	72.47	72.02	77.22	83.57	91.72	87.95
Occupancy Expenses	13.81	13.71	13.2	13.09	12.06	12.26
Selling, General & Administrative	19.77	19.37	18.35	22.79	18.12	16.66
Other Non-Interest Expense	22.63	22.48	22.76	24.65	26.13	24.85
Total Non-Interest Expense	128.68	127.58	131.54	144.09	148.03	141.72
EBT Excluding Unusual Items	64.98	63.29	79.42	73.15	73.12	56.6
Pretax Income	64.98	63.29	79.42	73.15	73.12	56.6
Income Tax Expense	13.84	13.58	16.67	14.91	14.51	11.25
Net Income	51.14	49.72	62.75	58.24	58.61	45.35
Net Income to Common	51.14	49.72	62.75	58.24	58.61	45.35
Net Income Growth	-20.56%	-20.76%	7.74%	-0.64%	29.24%	55.21%
Basic Shares Outstanding	16	16	17	17	18	18
Diluted Shares Outstanding	16	17	17	18	18	18
Shares Change (YoY)	-4.20%	-1.74%	-3.81%	-2.56%	0.83%	7.62%
EPS (Basic)	3.11	3.03	3.73	3.35	3.26	2.51
EPS (Diluted)	3.11	2.92	3.62	3.23	3.17	2.47
EPS Growth	-16.96%	-19.34%	12.07%	1.89%	28.34%	44.44%
Dividend Per Share	0.430	0.560	0.520	0.460	0.300	0.140
Dividend Growth	-17.31%	7.69%	13.04%	53.33%	114.29%	133.33%
Effective Tax Rate	21.30%	21.45%	20.99%	20.38%	19.84%	19.88%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q