← SOUTH PLAINS FINANCIAL, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $29.3m |
$29.2m
-0.24%
|
$45.4m
+55.21%
|
$58.6m
+29.24%
|
$58.2m
-0.64%
|
$62.7m
+7.74%
|
$49.7m
-20.76%
|
$58.5m
+17.61%
|
$65.1m
+11.35%
|
|
| Depreciation and amortization | $5.2m | $5.2m | $6.6m | $6.4m | $7.0m | $6.4m | $6.5m | $5.8m | $6.3m | |
| Accretion and amortization | $1.3m | $252k | $3.2m | $4.5m | $4.1m | $3.4m | $2.8m | $2.7m | — | |
| Deferred income tax expense (benefit) | — | — | ($1.6m) | $1.5m | $1.4m | $99k | ($1.0m) | ($1.0m) | $137k | |
| Stock-based compensation | $0 | $853k | $1.3m | $1.6m | $2.8m | $2.2m | $2.3m | $2.6m | $2.8m | |
| Payments to tax authorities for stock-based compensation | $0 | ($351k) | ($319k) | ($625k) | ($1.2m) | ($731k) | ($759k) | ($933k) | — | |
| Accrued interest receivable and other assets | ($8.2m) | ($2.3m) | ($4.6m) | $244k | ($1.1m) | ($8.5m) | $1.4m | $3.0m | — | |
| Accrued expenses and other liabilities | $3.3m | $6.4m | $1.6m | $4.4m | $16.9m | $2.7m | $742k | ($10.2m) | — | |
| Net cash from operating activities | $26.9m |
$30.5m
+13.24%
|
$5.6m
-81.54%
|
$96.3m
+1610.88%
|
$123.6m
+28.38%
|
$58.5m
-52.63%
|
$59.4m
+1.44%
|
$77.5m
+30.50%
|
$80.7m
+4.13%
|
|
| Purchases of premises and equipment | ($3.1m) | ($4.0m) | ($3.3m) | ($2.9m) | ($4.5m) | ($4.7m) | ($3.4m) | ($5.7m) | — | |
| Proceeds from sales of premises and equipment | $126k | $208k | $222k | $1.5m | $480k | $968k | $380k | $2.3m | — | |
| Premises and equipment transferred to foreclosed assets | — | — | — | $0 | $0 | $172k | $0 | $0 | — | |
| Net cash from investing activities | ($184.1m) | ($213.5m) | ($156.2m) | ($159.8m) | ($408.9m) | ($143.4m) | ($13.9m) | ($68.2m) | — | |
| Payments made on subordinated debt | — | — | — | $0 | $0 | ($12.4m) | $0 | ($50.0m) | — | |
| Proceeds from common stock issuance | $0 | $51.4m | $0 | $0 | — | $0 | $0 | $451k | — | |
| Cash dividends paid on common stock | ($30.0m) | ($1.1m) | ($2.5m) | ($5.4m) | ($8.0m) | ($8.7m) | ($9.2m) | ($10.1m) | ($11.2m) | |
| Payments to repurchase common stock | — | $0 | ($293k) | ($9.2m) | ($22.7m) | ($17.8m) | ($1.3m) | ($8.5m) | — | |
| Net cash from financing activities | $108.6m |
$95.1m
-12.41%
|
$292.8m
+207.83%
|
$250.1m
-14.59%
|
$33.3m
-86.67%
|
$180.1m
+440.41%
|
($16.5m)
-109.18%
|
$184.1m
+1213.68%
|
— | |
| Beginning cash and cash equivalents | $246.0m | $158.1m | $300.3m | $486.8m | $234.9m | $330.2m | $359.1m | $552.4m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for credit losses | — | $2.8m | $25.6m | ($1.9m) | ($2.6m) | $4.6m | $4.3m | $5.2m | — | |
| Provision for foreclosed asset losses | $285k | $0 | — | $0 | $0 | $142k | $108k | $100k | — | |
| Other gains, net | ($788k) | $40k | ($2.5m) | ($729k) | ($166k) | ($275k) | ($216k) | ($284k) | — | |
| Gain on sale of subsidiary | — | — | — | $0 | $0 | ($33.8m) | $0 | $0 | — | |
| Loss on sale of securities | — | — | — | $0 | $0 | $3.4m | $0 | $0 | — | |
| Net gain on sales of loans | ($19.7m) | ($23.5m) | ($63.5m) | ($51.2m) | ($20.8m) | ($11.0m) | ($10.5m) | ($9.6m) | — | |
| Proceeds from sales of loans held for sale | $555.3m | $653.5m | $1.4b | $1.6b | $783.2m | $347.6m | $296.2m | $288.4m | — | |
| Loans originated for sale | ($544.7m) | ($640.7m) | ($1.4b) | ($1.5b) | ($719.4m) | ($322.1m) | ($292.6m) | ($269.3m) | — | |
| Earnings on bank-owned life insurance | ($1.3m) | ($1.3m) | ($1.3m) | ($1.2m) | ($1.2m) | ($1.3m) | ($1.6m) | ($1.6m) | — | |
| Change in valuation of mortgage servicing rights | — | $548k | $2.8m | ($1.5m) | ($4.7m) | $2.4m | $1.2m | $3.3m | — | |
| Purchases | ($539.1m) | ($489.0m) | ($279.7m) | ($61.5m) | ($176.7m) | ($199.9m) | ($304.8m) | ($420.9m) | ($5.2m) | |
| Sales | $102.3m |
$52.5m
-48.70%
|
$94.5m
+80.04%
|
$0
-100.00%
|
$0 | $52.8m |
$0
-100.00%
|
$0 | — | |
| Maturities, prepayments, and calls | $364.9m | $139.3m | $114.8m | $120.3m | $81.3m | $240.1m | $337.9m | $449.8m | — | |
| Loan originations and principal collections, net | ($126.7m) | $5.6m | ($85.0m) | ($218.5m) | ($311.5m) | ($270.2m) | ($46.3m) | ($95.8m) | — | |
| Proceeds from sale of subsidiary | — | — | — | $0 | $0 | $36.1m | $0 | $0 | — | |
| Capital improvements to foreclosed assets | — | — | — | — | — | $0 | $0 | ($131k) | — | |
| Proceeds from sales of foreclosed assets | $2.8m | $3.8m | $2.4m | $1.3m | $2.1m | $1.4m | $2.2m | $2.2m | — | |
| Net change in deposits | $123.4m | $33.2m | $277.5m | $366.9m | $65.2m | $219.7m | ($5.3m) | $253.2m | — | |
| Net change in cash and cash equivalents | ($48.6m) | ($87.9m) | $142.2m | $186.5m | ($251.9m) | $95.3m | $28.9m | $193.4m | — | |
| Interest paid on deposits and borrowed funds | $22.0m | $28.1m | $16.1m | $13.5m | $21.8m | $70.1m | $92.8m | $86.1m | — | |
| Loans transferred to foreclosed assets | $6.5m | $2.5m | $1.9m | $927k | $764k | $2.1m | $1.9m | $3.4m | — | |
| Additions to mortgage servicing rights | — | $1.3m | $9.8m | $9.2m | $3.1m | $1.5m | $958k | $1.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.