For the quarter ending 2025-09-30, SPFI made $142,660K in revenue. $25,460K in net income. Net profit margin of 17.85%.
| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans, including fees | 53,928 | 53,886 | ||
| Taxable | 4,638 | 4,700 | ||
| Non-taxable | 853 | 802 | ||
| Federal funds sold and interest-bearing deposits in banks | 5,101 | 4,747 | ||
| Total interest income | 64,520 | 64,135 | ||
| Deposits | 19,925 | 20,062 | ||
| Subordinated debt | 835 | 835 | ||
| Junior subordinated deferrable interest debentures | 741 | 735 | ||
| Total interest expense | 21,501 | 21,632 | ||
| Net interest income | 43,019 | 42,503 | ||
| Provision for credit losses | 500 | 2,500 | ||
| Net interest income, after provision for credit losses | 42,519 | 40,003 | ||
| Service charges on deposit accounts | 2,266 | 2,098 | ||
| Net gain on sales of loans | 2,338 | 2,655 | ||
| Bank card services and interchange fees | 3,403 | 3,771 | ||
| Other mortgage banking income | 237 | 951 | ||
| Investment commissions | 428 | 426 | ||
| Fiduciary fees | 729 | 694 | ||
| Other | 1,764 | 1,570 | ||
| Total noninterest income | 11,165 | 12,165 | ||
| Salaries and employee benefits | 19,413 | 19,708 | ||
| Occupancy and equipment, net | 4,046 | 3,972 | ||
| Professional services | 1,293 | 1,874 | ||
| Marketing and development | 979 | 919 | ||
| It and data services | 1,184 | 1,181 | ||
| Bank card expenses | 1,637 | 1,579 | ||
| Appraisal expenses | 284 | 236 | ||
| Other | 4,188 | 4,074 | ||
| Total noninterest expense | 33,024 | 33,543 | ||
| Income before income taxes | 20,660 | 18,625 | ||
| Income tax expense | 4,342 | 4,020 | ||
| Net income | 16,318 | 14,605 | ||
| Unrealized gains on securities available for sale | 12,450 | -1,341 | ||
| Less change in fair value on hedged state and municipal securities | 878 | 1,573 | ||
| Tax effect | 2,430 | -612 | ||
| Other comprehensive income | 9,142 | -2,302 | ||
| Comprehensive income | 25,460 | 12,303 | ||
| Basic (in dollars per share) | 1 | 0.9 | ||
| Diluted (in dollars per share) | 0.96 | 0.86 | ||
| Weighted average common shares outstanding - basic (in shares) | 16,241,695 | 16,231,627 | ||
| Weighted average common shares outstanding - diluted (in shares) | 16,990,546 | 16,886,993 | ||
SOUTH PLAINS FINANCIAL, INC. (SPFI)
SOUTH PLAINS FINANCIAL, INC. (SPFI)