South Plains Financial (SPFI) Financial Statements & Analysis

South Plains Financial (SPFI) Income Statement

South Plains Financial reported revenue of $205.79M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.8% from $190.87M a year earlier. Net income was $58.47M, up 17.6% year over year, a net margin of 28.4%. Gross margin was 100.4% and operating margin 36.0%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $64.44M, down 13.0% from the same quarter a year earlier.

South Plains Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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South Plains Financial, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	205.79	190.87	176.23	209.25	214.24	235.58	186.23	167.47	149.53
Cost of Revenue	90.19	98.10	76.90	20.07	11.35	41.52	31.17	29.38	19.94
Gross Profit	206.69	185.00	171.62	211.86	216.16	194.07	155.06	138.09	129.59
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	80.97	36.63	82.83	89.94	96.59	92.31	78.41	74.83	70.12
Operating Expenses	132.62	121.71	92.20	138.71	143.04	137.46	118.36	112.70	105.85
Operating Income	74.07	63.29	79.42	73.15	73.12	56.60	36.70	25.39	23.74
Other Income/Expense
Interest Income	252.00	240.90	212.03	161.17	135.04	138.23	132.94	118.09	104.44
Interest Expense	85.00	93.80	72.29	22.69	13.27	15.95	28.37	22.48	15.98
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	74.07	63.29	79.42	73.15	73.12	56.60	36.70	25.39	23.74
Income Tax Expense	15.60	13.58	16.67	14.91	14.51	11.25	7.48	-3.90	0.11
Net Income	58.47	49.72	62.75	58.24	58.61	45.35	29.22	29.29	23.64
Net Income - Continuous Operations	58.47	49.72	62.75	58.24	58.61	45.35	29.22	29.29	23.64
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	79.89	9.35	9.79	80.12	10.95	63.18	41.93	30.57	29.03
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	5.81	6.51	6.41	6.97	6.44	6.58	5.26	5.19	5.28
Earnings Per Share
Basic EPS	4.00	3.00	4.00	3.00	3.00	3.00	2.00	2.00	1.00
Diluted EPS	4.00	3.00	4.00	3.00	3.00	3.00	2.00	2.00	1.00
Basic Shares Outstanding	16.29	16.41	16.42	17.03	17.76	18.08	18.04	17.47	17.47
Diluted Shares Outstanding	16.29	17.03	16.42	17.03	17.76	18.08	18.04	17.47	17.47

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About South Plains Financial Financial Statements

What was South Plains Financial's revenue in fiscal 2025?

South Plains Financial reported revenue of $205.79M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.8% from $190.87M a year earlier.

Is South Plains Financial profitable?

Yes. South Plains Financial earned net income of $58.47M in fiscal 2025, a net margin of 28.4%. In fiscal 2024 it earned $49.72M.

What is South Plains Financial's operating margin?

South Plains Financial's operating income was $74.07M on revenue of $205.79M in fiscal 2025, an operating margin of 36.0%, compared with 33.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition