← SOUTH PLAINS FINANCIAL, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $118.1m |
$132.9m
+12.57%
|
$138.2m
+3.98%
|
$135.0m
-2.31%
|
$161.2m
+19.35%
|
$212.0m
+31.56%
|
$240.9m
+13.61%
|
$252.0m
+4.61%
|
— | |
| Net gain on sales of loans | $19.7m | $23.5m | $63.5m | $51.2m | $20.8m | $11.0m | $10.5m | $9.6m | — | |
| Total noninterest income | $52.1m | $56.6m | $101.6m | $97.5m | $76.1m | $79.2m | $48.1m | $44.9m | — | |
| Net interest income | $95.6m |
$104.6m
+9.37%
|
$122.3m
+16.94%
|
$121.8m
-0.43%
|
$138.5m
+13.72%
|
$139.7m
+0.92%
|
$147.1m
+5.26%
|
$167.0m
+13.53%
|
$179.2m
+7.29%
|
|
| Salaries and employee benefits | $71.8m | $75.4m | $89.2m | $93.4m | $86.3m | $79.4m | $74.3m | $76.9m | — | |
| Total noninterest expense | $115.4m | $121.7m | $141.7m | $148.0m | $144.1m | $134.9m | $127.6m | $132.6m | — | |
| Total interest expense | $22.5m | $28.4m | $15.9m | $13.3m | $22.7m | $72.3m | $93.8m | $85.0m | — | |
| Net interest income, after provision for credit losses | $88.7m |
$101.8m
+14.73%
|
$96.7m
-4.97%
|
$123.7m
+27.88%
|
$141.1m
+14.08%
|
$135.1m
-4.22%
|
$142.8m
+5.67%
|
$161.8m
+13.31%
|
$179.2m
+10.73%
|
|
| Gain on sale of subsidiary | — | — | — | $0 | $0 | $33.8m | $0 | $0 | — | |
| Income before income taxes | $25.4m | $36.7m | $56.6m | $73.1m | $73.2m | $79.4m | $63.3m | $74.1m | $82.4m | |
| Income tax expense | ($3.9m) | $7.5m | $11.2m | $14.5m | $14.9m | $16.7m | $13.6m | $15.6m | $17.3m | |
| 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%
|
|
| Basic (in Dollars per share) | $1.98 | $1.74 | $2.51 | $3.26 | $3.35 | $3.73 | $3.03 | $3.59 | — | |
| Diluted (in Dollars per share) | $1.98 | $1.71 | $2.47 | $3.17 | $3.23 | $3.62 | $2.92 | $3.44 | — | |
| Loans, including fees | $105.7m | $116.9m | $121.7m | $120.5m | $138.0m | $176.6m | $202.3m | $211.2m | — | |
| Taxable | $5.6m | $8.9m | $12.3m | $9.4m | $15.0m | $21.6m | $21.1m | $18.6m | — | |
| Non-taxable | $2.9m | $1.0m | $3.5m | $4.6m | $4.5m | $3.9m | $3.2m | $3.3m | — | |
| Federal funds sold and interest-bearing deposits in banks | $3.9m | $6.1m | $685k | $412k | $3.7m | $10.0m | $14.3m | $18.8m | — | |
| Deposits | $17.6m | $22.5m | $11.9m | $8.3m | $17.0m | $65.0m | $87.1m | $79.4m | — | |
| Notes payable & other borrowings | $2.1m | $2.3m | $662k | $43k | $0 | $5k | $0 | $0 | — | |
| Subordinated debt | $1.0m | $1.6m | $2.2m | $4.1m | $4.0m | $4.0m | $3.3m | $2.7m | — | |
| Junior subordinated deferrable interest debentures | $1.8m | $1.9m | $1.2m | $880k | $1.6m | $3.3m | $3.4m | $2.9m | — | |
| Provision for credit losses | — | $2.8m | $25.6m | ($1.9m) | ($2.6m) | $4.6m | $4.3m | $5.2m | — | |
| Service charges on deposit accounts | $7.8m | $8.1m | $7.0m | $7.0m | $6.8m | $7.1m | $8.0m | $8.8m | — | |
| Bank card services and interchange fees | $8.8m | $8.7m | $10.0m | $12.2m | $12.9m | $13.3m | $13.6m | $13.9m | — | |
| Other mortgage banking income | — | — | $1.5m | $8.5m | $10.6m | $2.8m | $3.7m | $1.1m | — | |
| Investment commissions | $1.8m | $1.7m | $1.7m | $1.9m | $1.8m | $1.7m | $1.7m | $1.7m | — | |
| Fiduciary fees | $1.4m | $2.3m | $3.2m | $2.9m | $2.4m | $2.4m | $2.7m | $2.9m | — | |
| Other | $14.0m | $14.6m | $17.8m | $17.9m | $17.5m | $16.1m | $15.7m | $17.5m | — | |
| Occupancy and equipment, net | $13.6m | $13.6m | $14.7m | $14.6m | $16.0m | $16.1m | $16.1m | $16.1m | $16.3m | |
| Professional services | $6.7m | $7.3m | $6.3m | $6.8m | $9.7m | $6.4m | $6.6m | $7.3m | — | |
| Marketing and development | $3.0m | $3.0m | $3.1m | $3.2m | $3.6m | $3.5m | $3.8m | $4.0m | — | |
| IT and data services | $2.2m | $2.8m | $3.6m | $4.0m | $3.8m | $3.4m | $4.3m | $4.7m | — | |
| Bank card expenses | $1.4m | $1.6m | $2.8m | $3.2m | $1.7m | $1.1m | $953k | $6.1m | — | |
| Realized loss on sale of securities | ($620k) | $28k | ($2.3m) | $0 | $0 | $3.4m | $0 | $0 | — | |
| Unrealized gains (losses) on securities available for sale | ($1.8m) | $4.0m | $28.2m | ($15.5m) | ($114.4m) | $17.3m | ($9.7m) | $21.7m | — | |
| Less: Change in fair value on hedged state and municipal securities | — | — | ($76k) | $5.8m | $14.6m | ($3.7m) | ($1.6m) | ($5.4m) | — | |
| Reclassification adjustment for loss on sale of securities | ($620k) | $28k | ($2.3m) | $0 | $0 | $3.4m | $0 | $0 | — | |
| Tax effect | $596k | ($852k) | ($5.4m) | $2.0m | $20.9m | ($3.6m) | $2.4m | ($3.4m) | $0 | |
| Other comprehensive income (loss) | ($1.8m) | $3.2m | $20.4m | ($7.6m) | ($78.8m) | $13.4m | ($8.9m) | $12.9m | — | |
| Comprehensive income | $27.5m | $32.4m | $65.7m | $51.0m | ($20.6m) | $76.2m | $40.8m | $71.4m | — |