SPFI
SOUTH PLAINS FINANCIAL, INC.
Next earnings Jul 16, 2026 · consensus $0.81 EPS, $65.4M rev
Last earnings +1.4% on 2026-04-28
$43.47
▲ +1.45%$43.47▲ +23.04%
over 1Y
L $35.02EODHDH $44.40
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.4%
1W+7.1%
1M+7.1%
3M+5.7%
YTD+14.5%
1Y+23.0%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Cheap, well-capitalized Texas community bank with stable profits but no real 5-year earnings growth — own it, don't chase it.
P/E 12.5 · on FY2025 diluted EPS $3.44
The read
Middling fundamentals offset by an attractive price (~176% below fair value) — worth a look on the value angle.
SPFI screens as a textbook fair-quality community bank at a fair price. FY2025 net income of $58.5M (+17.6% YoY) and diluted EPS of $3.44 (+17.8%) recovered the 2024 dip back to the same ~$58M zone the company has been printing since 2021 ($58.6M → $58.2M → $62.7M → $49.7M → $58.5M). That's stability, not compounding — so at 12.5x earnings and an 11.8% ROE, the stock is reasonably priced rather than obviously mispriced. Balance-sheet quality is the bright spot: equity grew 12.5% to $494M, retained earnings grew 12.5% to $434M, and cash & equivalents jumped 53.8% to $552M, giving management ample flexibility. Capital return is accelerating, with buybacks up 536% to $8.53M and dividends up 10.3% to $10.1M.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $58.6M | $58.2M | $62.7M | $49.7M | $58.5M |
| Diluted EPS | $3.17 | $3.23 | $3.62 | $2.92 | $3.44 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF9.9
PEG (trailing)0.72
Earnings yield8.2%
FCF yield10.1%
Quality & risk
ROIC (est.)—
Free cash flow$71.8M
Total debt$0.00
Net cash$552M
Capital returns
Buyback yield1.2%
Dividend yield (est.)1.4%
Shareholder yield2.6%
Shares Δ YoY-0.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Agreement terminated2026-06-17
Material agreement terminated alongside exec departure; clean audit, possible mgmt shakeup
- 8-K Shareholder vote2026-05-14
Annual meeting vote results disclosed; routine governance update
- 10-Q Quarterly report2026-05-05
Q1 2026 10-Q filed; cash up 54% YoY and equity +12.5% support strong balance sheet
- 8-K Earnings results2026-04-28
Q1 2026 earnings released with Reg FD disclosure; results supplement
- 8-K Other event2026-04-16
Other event disclosure, likely dividend declaration or routine update
- DEF 14A Proxy statement2026-04-06
Annual proxy filed for 2026 shareholder meeting; routine governance
- 8-K Officer / director change2026-04-01
Completed an acquisition with related executive appointment; expanded franchise
- 8-K Other event2026-03-23
Other event disclosure, likely dividend/buyback authorization
- 10-K Annual report2026-03-05
FY25 net income $58.5M (+17.6%), EPS $3.44, clean audit, no material weaknesses
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-23open ↗8-KPeriod ending 2026-06-172026-06-17open ↗4/APeriod ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-182026-05-20open ↗8-KPeriod ending 2026-05-112026-05-14open ↗13F-HRPeriod ending 2026-03-312026-05-13open ↗4Period ending 2026-05-082026-05-12open ↗144Filing2026-05-08open ↗
Frequently asked
- Is SOUTH PLAINS FINANCIAL, INC. (SPFI) a buy?
- SPFI currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap, well-capitalized Texas community bank with stable profits but no real 5-year earnings growth — own it, don't chase it.
- What is SPFI's fair value?
- A Modified-Graham model based on SPFI's SEC fundamentals estimates a fair value of about $120.10. It is an estimate from reported earnings, not a price target.
- Is SPFI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SPFI currently appears undervalued relative to its SEC-grounded earnings power.
- What is SOUTH PLAINS FINANCIAL, INC.'s quality score?
- SPFI scores 77.23529411764706/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001163668, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 2:59:17 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.