South Plains Financial, Inc. income statement
In fiscal 2025, South Plains Financial, Inc. reported revenue of $212m, up 8.6% on the year before and net income of $58.5m, or $3.44 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 161 | 224 | 219 | 215 | 219 | 195 | 212 | 227 |
| Interest expense | 22 | 28 | 16 | 13 | 23 | 72 | — | — | — |
| Net interest income | 96 | 105 | 122 | 122 | 138 | 140 | 147 | 167 | 179 |
| Non-interest income | 52 | 57 | 102 | 97 | 76 | 79 | 48 | 45 | 48 |
| Non-interest expense | 115 | 122 | 142 | 148 | 144 | 135 | 128 | 133 | 141 |
| Provision for credit losses | 7 | 3 | 26 | −2 | −3 | 5 | 4 | 5 | 3 |
| Income before tax | 25 | 37 | 57 | 73 | 73 | 79 | 63 | 74 | 82 |
| Income tax | −4 | 7 | 11 | 15 | 15 | 17 | 14 | 16 | 17 |
| Net income | 29 | 29 | 45 | 59 | 58 | 63 | 50 | 58 | 65 |
| Diluted EPS | $1.98 | $1.71 | $2.47 | $3.17 | $3.23 | $3.62 | $2.92 | $3.44 | $3.68 |
| Diluted shares (average) | 15m | 17m | 18m | 18m | 18m | 17m | 17m | 17m | 18m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 52 | 49 | 55 | 54 | 54 | 54 | 64 |
| Net interest income | 37 | 39 | 39 | 43 | 43 | 43 | 43 | 50 |
| Non-interest income | 11 | 13 | 11 | 12 | 11 | 11 | 11 | 14 |
| Non-interest expense | 33 | 30 | 33 | 34 | 33 | 33 | 36 | 40 |
| Provision for credit losses | 0 | 1 | 0 | 3 | 1 | 2 | 0 | 0 |
| Income before tax | 14 | 21 | 16 | 19 | 21 | 19 | 18 | 24 |
| Income tax | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 5 |
| Net income | 11 | 16 | 12 | 15 | 16 | 15 | 15 | 19 |
| Diluted EPS | $0.66 | $0.96 | $0.72 | $0.86 | $0.96 | $0.89 | $0.85 | $0.96 |
Compare with peers
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