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Acquisitions at other companies

Prosperity Bancshares logo
Prosperity BancsharesPB
$6.09M
Red River Bancshares, Inc. logo
Red River Bancshares, Inc.RRBI
$217K+73.6%
Pioneer Bancorp, Inc. logo
Pioneer Bancorp, Inc.PBFS
$120K

Other financials

Income statement

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

Balance sheet

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Cash & equivalents$787.8M+67.4%
Total debt$7.9M-10.9%
Total equity$629.8M+38.7%
Total assets$5.4B+23.5%

Cash flow

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Operating cash flow$27.9M+89.0%
CapEx$1.0M-40.0%
Free cash flow$26.8M+106%

Valuation

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Market cap$853.6M+42.8%
P/E13.1×+2.2×
P/S3.8×+0.8×

Profitability

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Net margin28.7%+1.9pp
FCF margin33.3%+4.7pp

Returns & leverage

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Return on equity12%-0.5pp
Debt / equity0.0×

Where this comes from

Reported directly by South Plains Financial, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesGross.

The source filing: South Plains Financial, Inc.’s 10-K, filed March 13, 2023.

Filed
Mar 13, 2023
Fiscal year
FY2022
Accession
0001140361-23-011435
Line itemYear Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
Sales94,514
Maturities, prepayments, and calls81,253120,325114,850
Loan originations and principal collections, net(311,459)(218,458)(84,991)
Cash paid for acquisition(687)
Goodwill adjustment related to litigation settlement460
Purchases of premises and equipment(4,469)(2,920)(3,310)
Proceeds from sales of premises and equipment4801,458222
Proceeds from sales of foreclosed assets2,0511,3022,441

Item 8. Financial Statements and Supplementary Data

FAQ

What is South Plains Financial, Inc.'s acquisitions?
South Plains Financial, Inc. (SPFI) reported acquisitions of $0 in Q4 2022.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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