South Plains Financial Inc   (SPFI)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $26.0100 $-0.13 -0.497%
Day's High: $26.68 Week Perf: -1.29 %
Day's Low: $ 25.92 30 Day Perf: -8.74 %
Volume (M): 17 52 Wk High: $ 30.22
Volume (M$): $ 434 52 Wk Avg: $25.15
Open: $26.50 52 Wk Low: $18.75

 Market Capitalization (Millions $) 450
 Shares Outstanding (Millions) 17
 Employees 495
 Revenues (TTM) (Millions $) 219
 Net Income (TTM) (Millions $) 65
 Cash Flow (TTM) (Millions $) 22
 Capital Exp. (TTM) (Millions $) 6

South Plains Financial Inc
South Plains Financial Inc is a Lubbock, Texas-based financial holding company. It was founded in 2007 and went public in 2019. The company operates through its subsidiary, City Bank, which is a full-service community bank that offers a wide range of banking products and services for personal and business use.

City Bank's services include checking and savings accounts, loans, credit cards, mortgage loans, and online banking. The bank also offers investment and insurance services through its wealth management division. City Bank has over 25 branches across Texas and New Mexico and is committed to providing personalized service and building relationships with its clients.

South Plains Financial Inc is committed to growth and expansion through acquisitions and strategic partnerships. In 2019, it acquired First Bank Lubbock Bancshares, Inc, which expanded its footprint in West Texas. Additionally, the company has partnerships with companies such as Happy State Bank and Prime Finance.

The company is publicly traded on the NASDAQ stock exchange under the ticker symbol SPFI. South Plains Financial Inc prides itself on being a financially sound and disciplined organization that is committed to its shareholders, customers, and employees. Its mission is to provide exceptional customer service while maintaining a strong financial position and growing its business.

   Company Address: 5219 City Bank Parkway Lubbock 79407 TX
   Company Phone Number: 792-7101   Stock Exchange / Ticker: NASDAQ SPFI
   SPFI is expected to report next financial results on March 12, 2024.


Stock Performances by Major Competitors

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South Plains Financial, Inc.: An Emerging Dividend Powerhouse in the Financial Sector

Published Thu, Jan 18 2024 9:10 PM UTC

In an announcement that has caught the attention of investors, South Plains Financial, Inc., the parent company of City Bank, declared a quarterly cash dividend, reinforcing its commitment to return value to shareholders.
Hailing from Lubbock, Texas, the financial establishment has declared a $0.13 per share cash dividend, to be paid on February 12, 2024, to shareh...

South Plains Financial Inc

South Plains Financial Inc Reports a Significant Drop in Income for the Financial Period Ending September 30, 2023

South Plains Financial Inc (NASDAQ: SPFI) has reported a significant drop in revenue and bottom-line for the July to September 30, 2023 period. The bottom-line decreased by -9.3% to $0.78 per share, while revenue plummeted by -14.352% year on year. Comparing this period to the same period in the previous year, revenue dropped from $56.82 million to $48.67 million.
In contrast to the overall growth of the Regional Banks sector, South Plains Financial Inc experienced a decline in revenue. While the industry as a whole posted a 0.27% growth from the third quarter of 2022 to the third quarter of 2023, South Plains Financial Inc witnessed a decline. This indicates that the company is not performing as well as its competitors within the sector.
Furthermore, profit has seen a significant decline from previous periods. Compared to the preceding times, profit dropped by -54.39% from $1.71 per share, and revenue tumbled by -37.602% from $77.99 million. This suggests that the company's financial performance is deteriorating over time.


South Plains Financial, Inc. Shows Resilience as It Declares Quarterly Cash Dividend

Published Thu, Oct 19 2023 8:10 PM UTC

South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, recently announced the declaration of a quarterly cash dividend of $0.13 per share of common stock. This move underscores the company's commitment to shareholder value and highlights its stable financial position. Additionally, we examine the recent performance of South Plains Financial, I...

South Plains Financial Inc

South Plains Financial Inc. Dazzles with Stellar 94% Earnings Growth in Q2 2023

South Plains Financial Inc, a regional bank, has recently released its financial results for the period between April and June 30, 2023. These results show impressive growth in various key areas.
The company's income per share for this period increased by a remarkable 94.32% compared to the previous year, reaching $1.71 per share. This significant growth can be attributed to the company's growing revenue, which rose by 39.423% to $77.99 million during the same period. In the preceding reporting season, the company generated revenue of $44.00 million and an income per share of $0.53.
Furthermore, South Plains Financial Inc also experienced a substantial increase in net income. In the most recent fiscal period, the company's net income reached $29.683 million, marking an impressive 86.89% growth compared to the net earnings of $15.883 million reported in the same period a year prior.

South Plains Financial Inc

Dismal First Quarter Performance: South Plains Financial Inc. Suffers a Shocking -21.054% Plummet in Revenue

South Plains Financial Inc, a Texas-based bank holding company, has experienced a significant drop in its earnings per share (EPS) and income for the first quarter of 2023. According to the financial results released by the company, the EPS dropped by -32.05% of $0.53 per share compared to $0.78 a year before, and income faded by -27.58% from $0.73 per share from the prior financial reporting period. These figures indicate a significant decrease in the company's profitability in the first quarter of 2023.
The revenue also took a hit, crumbling by -21.054% to $44.00 million from $55.73 million in the same financial reporting period a year before. In addition, revenue sequentially deteriorated by -9.752% from $48.75 million. This drop in revenue can be attributed to several factors, such as the slowdown in the economy, changing market dynamics, and the impact of the Covid-19 pandemic. The net profits of $9.244 million in the first quarter of 2023 also fell by -35.26% from $14.278 million in the corresponding period a year before.


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