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South Plains Financial, Inc.

SPFI

South Plains Financial, Inc. is a bank holding company that operates City Bank, a major independent financial institution serving small to medium-sized businesses and individuals.

Market cap
$854.73M+38.9%
Revenue$226.7M+11.3%
Net income$65.1M+19.2%
EPS (diluted)$3.66+14.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$65.2M
EPS estimate$0.97

Financials

Q2 2026

Income statement

See full
Revenue$64.5M+18.0%
Net income$19.0M+30.0%
EPS (diluted)$0.96+11.6%

Balance sheet

See full
Total equity$629.8M+38.7%
Total assets$5.4B+23.5%

Valuation & ratios

Valuation

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Market cap$854.73M+38.9%
P/E13.1×+1.7×
P/S3.8×+0.7×

Profitability

See full
Net margin28.7%+1.9pp

Returns & leverage

See full
Return on equity12%-0.5pp

Competitors

Profile

South Plains Financial, Inc. is a bank holding company that operates City Bank, a major independent financial institution serving small to medium-sized businesses and individuals. The company provides a comprehensive suite of commercial and retail banking services, alongside specialized mortgage, trust, and investment solutions. Its value proposition is centered on a relationship-based community banking model across Texas and New Mexico markets.

Competitive position

A leading independent community bank in West Texas with a significant presence in the Lubbock MSA and expanding operations in major Texas metros.

GeographiesTexas, New Mexico, United States
Customer segmentsSMEs, Retail Consumers, High-net-worth Individuals
Business modelInterest Income, Fee-based Services, Asset Management
SuppliersFederal Reserve Bank, Federal Home Loan Bank of Dallas, Depositors, Technology and Core Banking Software Providers
CustomersSmall and Medium Enterprises, Residential Mortgage Borrowers, Retail Banking Customers, Trust and Wealth Management Clients
Listed2019
Employees618.0
CEOCurtis C. Griffith
Websitespfi.bank
FilingsSEC EDGAR

Questions, answered.

What is South Plains Financial, Inc.'s market cap?
South Plains Financial, Inc. (SPFI) has a market capitalization of $854.7M and trades on NASDAQ.
What is South Plains Financial, Inc.'s revenue and profitability?
South Plains Financial, Inc. generated $226.7M in trailing twelve-month revenue with net income of $65.1M, representing a net margin of 28.7%. These figures are based on the Q2 2026 filing.
Who are South Plains Financial, Inc.'s competitors?
South Plains Financial, Inc.'s key competitors include Prosperity Bancshares, Inc., JPMorgan Chase & Co., Wells Fargo & Company, and others. These companies compete in similar markets and product categories.
Who does South Plains Financial, Inc. partner with?
South Plains Financial, Inc.'s notable partners include Raymond James Financial Services, Inc., Federal Home Loan Bank of Dallas, Federal Reserve Bank of Dallas.
What subsidiaries does South Plains Financial, Inc. have?
South Plains Financial, Inc.'s subsidiaries include City Bank, BOH Holdings, Inc., Bank of Houston.
Where is South Plains Financial, Inc. headquartered?
South Plains Financial, Inc. is headquartered in United States of America and employs approximately 618 people. It has been publicly traded since 2019.