South Plains Financial, Inc. (SPFI)

South Plains Financial Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	469.63	328.62	233.34	485.28	300.31	158.1
Investment Securities	207.96	209.78	255.26	315.1	323.01	135.85
Trading Asset Securities	13.6	17.23	21.16	7.33	6.73	0.81
Mortgage-Backed Securities	398.93	414.38	446.45	409.41	480.08	571.81
Total Investments	620.49	641.39	722.87	731.83	809.82	708.46
Gross Loans	3,037	3,014	2,748	2,439	2,226	2,144
Allowance for Loan Losses	-42.89	-42.36	-39.29	-42.1	-45.55	-24.2
Other Adjustments to Gross Loans	-	-	-	-1.9	-4.1	-
Net Loans	2,994	2,972	2,709	2,395	2,176	2,119
Property, Plant & Equipment	53.32	63.75	64.28	57.7	60.33	61.87
Goodwill	19.32	19.32	19.51	19.51	19.51	18.76
Other Intangible Assets	1.88	2.43	4.35	5.9	7.56	8.63
Loans Held for Sale	11.39	14.5	30.4	76.51	111.48	49.04
Accrued Interest Receivable	19.16	20.88	16.43	13.9	15.23	13.92
Restricted Cash	1.54	1.54	1.54	1.54	-	-
Long-Term Deferred Tax Assets	18.89	19.41	22.82	3.04	2.46	5.62
Other Real Estate Owned & Foreclosed	-	0.91	0.17	1.03	1.35	1.88
Other Long-Term Assets	127.56	120.25	119.56	110.14	95.08	91.46
Total Assets	4,338	4,205	3,944	3,902	3,599	3,237
Accrued Expenses	51.07	51.3	49.24	30.5	26.87	28.61
Interest Bearing Deposits	2,606	2,482	2,125	2,106	1,910	1,759
Institutional Deposits	114.92	170.4	131	163.4	147	147
Non-Interest Bearing Deposits	998.48	974.2	1,150	1,071	917.32	790.92
Total Deposits	3,719	3,626	3,406	3,341	2,974	2,697
Short-Term Borrowings	0.1	0.43	0.13	0.54	30.91	37.66
Current Portion of Long-Term Debt	-	-	-	-	-	20
Current Portion of Leases	-	1.77	-	-	-	-
Long-Term Debt	63.91	63.78	75.96	75.78	75.59	26.47
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	75	75
Long-Term Leases	-	7.86	8.9	-	-	-
Trust Preferred Securities	46.39	46.39	46.39	46.39	46.39	46.39
Total Liabilities	3,895	3,798	3,587	3,494	3,229	2,931
Common Stock	16.39	16.42	17.03	17.76	18.08	18.04
Additional Paid-In Capital	97.37	97.11	112.83	133.22	141.11	140.49
Retained Earnings	371.78	345.26	292.26	242.75	189.52	146.7
Comprehensive Income & Other	-42.41	-51.67	-65.11	13.7	21.34	0.96
Shareholders' Equity	443.12	407.11	357.01	407.43	370.05	306.18
Total Liabilities & Equity	4,338	4,205	3,944	3,902	3,599	3,237
Total Debt	110.41	120.23	131.38	122.7	227.89	205.52
Net Cash (Debt)	372.82	225.62	123.13	369.91	79.15	-46.61
Net Cash Growth	54.45%	83.24%	-66.71%	367.34%	-	-
Net Cash Per Share	21.95	13.02	6.83	20.00	4.32	-2.74
Filing Date Shares Outstanding	16.39	16.43	17.05	17.69	18.04	18.06
Total Common Shares Outstanding	16.39	16.42	17.03	17.76	18.08	18.04
Book Value Per Share	27.04	24.80	20.97	22.94	20.47	16.98
Tangible Book Value	421.93	385.37	333.16	382.02	342.98	278.79
Tangible Book Value Per Share	25.75	23.47	19.57	21.51	18.97	15.46

Source: S&P Capital IQ. Banks template. Financial Sources.