South Plains Financial (SPFI) Cash Flow: Operating & Free Cash Flow

South Plains Financial (SPFI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), South Plains Financial generated $77.49M of operating cash flow and spent $5.66M on capital expenditures. That left free cash flow of $71.83M, up 28.2% from $56.03M a year earlier, or 34.9% of revenue. It returned $19.56M to shareholders through $10.10M in dividends and $9.46M in share buybacks.

South Plains Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for South Plains Financial, Inc. (SPFI) - 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
Operating Activities
Net Income	58.47	49.72	62.75	58.24	58.61	45.35	29.22	29.29	23.64
Depreciation & Amortization	8.53	6.51	6.41	6.97	10.95	6.58	5.23	5.19	5.28
Deferred Income Tax	-1.02	-1.05	0.10	1.36	1.45	-1.59	0.00	0.00	0.00
Stock Based Compensation	2.62	2.32	2.16	2.75	1.64	1.27	0.85	0.00	0.00
Change in Working Capital	-7.28	2.17	-5.84	15.85	3.19	-1.41	4.83	-4.91	3.12
Change in Accounts Receivable	2.96	1.42	-8.50	-1.07	3.38	-3.08	0.32	-8.19	-2.04
Change in Other Working Capital	-10.24	3.10	26.37	16.92	-0.19	1.67	4.50	3.28	5.16
Other Operating Activities	0.38	3.10	26.37	38.42	-1.98	-44.57	-9.64	-2.65	3.29
Net Cash from Operating Activities	77.49	59.38	58.54	123.59	96.27	5.63	30.48	26.92	35.32
Investing Activities
Capital Expenditures	-5.66	-3.35	-4.68	-4.47	-2.92	-3.31	-4.00	-3.13	-9.02
Acquisitions	0.00	0.00	36.08	0.00	0.00	-0.69	78.17	0.00	0.00
Purchases of Investments	-420.94	-304.78	-199.90	-176.71	-61.55	-279.73	-489.03	-539.09	-328.16
Sales/Maturities of Investments	449.81	337.94	292.93	81.25	120.33	209.36	191.75	481.92	364.58
Other Investing Activities	2.12	2.18	-267.81	-308.93	1.30	-81.87	9.62	-123.78	-175.48
Net Cash from Investing Activities	-68.23	-13.93	-143.38	-408.86	-159.84	-156.23	-213.49	-184.09	-148.08
Financing Activities
Debt Repayment	-50.00	0.00	-12.37	0.00	-80.39	18.46	11.58	15.27	-11.37
Common Stock Issued	0.45	0.00	0.00	0.00	0.00	0.00	51.39	0.00	0.00
Common Stock Repurchased	-9.46	-1.34	-17.76	-22.70	-0.63	-0.29	0.00	0.00	0.00
Dividends Paid	-10.10	-9.15	-8.75	-8.01	-9.23	-2.53	-1.08	-30.05	-7.87
Other Financing Activities	252.27	-0.76	-0.73	64.04	366.25	277.18	33.23	123.37	63.16
Net Cash from Financing Activities	184.09	-16.53	180.11	33.33	250.08	292.81	95.12	108.60	43.92
Summary
Net Change in Cash	193.36	28.92	95.28	-251.94	186.51	142.21	-87.89	-48.57	-68.84
Cash at Beginning of Period	359.08	330.16	234.88	486.82	300.31	158.10	245.99	294.56	363.40
Cash at End of Period	552.44	359.08	330.16	234.88	486.82	300.31	158.10	245.99	294.56
Free Cash Flow	71.83	56.03	53.86	119.12	93.35	2.32	26.49	23.79	26.30
Supplemental Disclosures
Interest Paid	-	92.75	70.07	21.77	13.47	-	-	-	-
Income Taxes Paid	-	12.54	19.39	13.84	12.40	-	-	-	-

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 Cash Flow

What is South Plains Financial's free cash flow?

South Plains Financial generated free cash flow of $71.83M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $77.49M minus $5.66M of capital expenditures. That was up 28.2% from $56.03M a year earlier. Free cash flow equaled 34.9% of revenue.

How much does South Plains Financial spend on capital expenditures?

South Plains Financial spent $5.66M on capital expenditures in fiscal 2025, compared with $3.35M a year earlier. That equals 7.3% of operating cash flow.

Does South Plains Financial pay dividends or buy back shares?

Yes. In fiscal 2025 South Plains Financial returned $10.10M in dividends and $9.46M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition