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South Plains Financial Inc   (SPFI)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


South Plains Financial Inc 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is South Plains Financial Inc 's ROA in the fourth quarter of 2023?
South Plains Financial Inc achieved a return on average assets (ROA) of 1.64 % in its fourth quarter of 2023, this is above SPFI's average return on assets of 1.52%.
South Plains Financial Inc s assets during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion

ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.

However, within the Financial sector 214 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 1467, from total ROA ranking in the third quarter of 2023 at 1938.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 4.87 % 4.84 % 7.22 % 7.61 % 8.53 %
Y / Y Net Income Change -18.2 % -12.71 % 86.89 % -35.26 % -13.64 %
Net Income (TTM) in million 63 65 67 53 58
Return On Assets (TTM) 1.64 % 1.72 % 1.79 % 1.45 % 1.61 %
SPFI's Total Ranking # 1467 # 1938 # 2026 # 2209 # 2440
Total Assets (TTM) in million 3,887 3,841 3,859 3,735 3,706
Seq. Total Assets Change 1.18 % -0.45 % 3.31 % 0.79 % 1.15 %
Seq. Net Income Change -23.49 % -54.54 % 221.11 % -26.76 % -18.35 %



Return On Assets Company Ranking
Within: No.
Industry # 22
Sector # 215
Overall # 1463

Return On Assets Statistics
High Average Low
1.66 %
1.52 %
1.33 %
(Jun 30 2023)   (Mar 31 2023)





Financial Statements
South Plains Financial Inc 's Assets $ 3,887 million SPFI's Balance sheet
South Plains Financial Inc 's Income $ 10 million Quarterly SPFI's Income Statement
SPFI's Income by Division See SPFI's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021

FY

FY
Y / Y Total Assets Change 4.87 % 8.53 % - - -
Total Assets in million 3,887 3,706 3,415 0 0
Y / Y Net Income Change 7.74 % -0.64 % - - -
Net Income in million 63 58 59 0 0
Return On Assets 1.61 % 1.57 % 1.72 % - -




Comment on SPFI's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 1.61 % compared to prior year, due to annual net income growth of 7.74 % to $62.75 million, while value of South Plains Financial Inc 's overall assets grew just by 4.87 % to $3,886.71 million, compared to $3,886.71 a year before.


More Return On Assets Ratios
SPFI's' Return on Assets at Yahoo Finance
Regional Banks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
SPFI's Roa Ratio versus Regional Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for SPFI's Competitors
Roa for South Plains Financial Inc 's Suppliers
Return On Assets for SPFI's Customers

You may also want to know
SPFI's Roi SPFI's Inventory Turnover Ratio SPFI's Growth Rates SPFI's Dividend Comparisons
SPFI's Profitability Ratios SPFI's Asset Turnover Ratio SPFI's Dividend Growth
SPFI's Roe SPFI's Valuation Ratios SPFI's Financial Strength Ratios SPFI's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Financial Sector ROA
Camden Property Trust  4.42 %
Ix Acquisition Corp   4.37 %
Ares Acquisition Corporation Ii  4.35 %
Essential Properties Realty Trust Inc   4.32 %
Udr Inc   4.23 %
Chubb Limited  4.19 %
Morningstar inc   4.13 %
Nasdaq Inc   4.10 %
Four Corners Property Trust Inc   4.04 %
Stepstone Group Inc   4.03 %
Atlanticus Holdings Corp  4.02 %
Israel Acquisitions Corp  4.00 %
Markel Group Inc   3.98 %
One Liberty Properties inc   3.90 %
Credit Acceptance Corp  3.90 %
National Storage Affiliates Trust  3.88 %
W R Berkley Corp  3.87 %
Crown Castle Inc  3.87 %
Virtus Investment Partners Inc   3.83 %
Ares Management Corporation  3.80 %
W P Carey Inc   3.80 %
Equity Commonwealth  3.79 %
Mr Cooper Group Inc   3.74 %
Kimco Realty Corporation  3.69 %
Globe Life Inc   3.60 %
Aflac Incorporated  3.60 %
Evergreen Corporation  3.60 %
The Cigna Group  3.58 %
Mars Acquisition Corp   3.57 %
Seven Hills Realty Trust  3.56 %


Date modified: 2024-03-18T21:22:53+00:00


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