The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 16,318 | 26,899 |
| Provision for credit losses | 500 | 2,920 |
| Depreciation and amortization | 1,420 | 2,939 |
| Accretion and amortization | -722 | -1,473 |
| Other gains, net | 0 | 266 |
| Net gain on sales of loans | 2,338 | 5,246 |
| Proceeds from sales of loans held for sale | 75,034 | 145,512 |
| Loans originated for sale | 68,809 | 137,489 |
| Deferred income tax benefit | -611 | -728 |
| Earnings on bank-owned life insurance | 415 | 805 |
| Stock-based compensation | 650 | 1,323 |
| Change in valuation of mortgage servicing rights | -925 | -1,741 |
| Accrued interest receivable and other assets | 216 | -5,935 |
| Accrued expenses and other liabilities | 1,036 | -3,367 |
| Net cash provided by operating activities | 24,216 | 40,841 |
| Purchases | 7,529 | 9,374 |
| Maturities, prepayments, and calls | 18,165 | 19,533 |
| Loan originations and principal collections, net | -42,791 | 45,880 |
| Purchases of premises and equipment | 1,753 | 2,862 |
| Proceeds from sales of premises and equipment | 0 | 2,240 |
| Proceeds from sales of foreclosed assets | 189 | 974 |
| Net cash provided by investing activities | 51,863 | -35,369 |
| Net change in short-term borrowings | - | 1,352 |
| Net change in deposits | 142,205 | 118,062 |
| Proceeds from common stock issuance | 216 | 235 |
| Payments on subordinated debt | 50,000 | - |
| Payments to tax authorities for stock-based compensation | 0 | 277 |
| Cash dividends paid on common stock | 2,598 | 4,904 |
| Payments to repurchase common stock | 0 | 8,526 |
| Net cash provided by financing activities | 88,471 | 105,942 |
| Net change in cash and cash equivalents | 164,550 | 111,414 |
| Cash and cash equivalents at beginning of period | 359,082 | - |
| Cash and cash equivalents at end of period | 635,046 | - |
SOUTH PLAINS FINANCIAL, INC. (SPFI)
SOUTH PLAINS FINANCIAL, INC. (SPFI)