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South Plains Financial, Inc. SPFI Impaired Financing Receivable with No Related Allowance - Unpaid Principal Balance

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Other financials

Income statement

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Revenue$54.1M+10.2%
Net income$14.5M+18.3%
EPS (diluted)$0.85+18.1%

Balance sheet

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Cash & equivalents$722.0M+34.6%
Total debt$7.9M-10.9%
Total equity$504.9M+13.8%
Total assets$4.6B+5.5%

Cash flow

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Operating cash flow$16.2M-38.0%
CapEx$1.4M+19.3%
Free cash flow$14.8M-40.6%

Valuation

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Market cap$807.57M+43.6%
P/E13.3×+2.3×
P/S3.7×+0.9×

Profitability

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Net margin28%+2.1pp
FCF margin28.4%-3.1pp

Returns & leverage

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Return on equity12.8%+0.8pp
Debt / equity0.0×

Where this comes from

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

Tagged under the XBRL concept us-gaap:FinancingReceivableNonaccrualNoAllowance.

The official record: South Plains Financial, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is South Plains Financial, Inc.'s impaired financing receivable with no related allowance - unpaid principal balance?
South Plains Financial, Inc. (SPFI) reported impaired financing receivable with no related allowance - unpaid principal balance of $1.06M in Q1 2026.
What does impaired financing receivable with no related allowance - unpaid principal balance mean?
This represents the unpaid principal balance of loans that have been individually evaluated for impairment where management has determined no specific allowance for credit loss is required. It indicates the portion of the loan portfolio showing signs of credit stress that is currently deemed fully recoverable through collateral or other means. Investors monitor this to assess the adequacy of existing credit risk management and collateral valuation practices.