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South Plains Financial, Inc. SPFI Financing Receivable, Troubled Debt Restructuring, Subsequent Default

Financing Receivable, Troubled Debt Restructuring, Subsequent Default at other companies

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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+41.4%
P/E13.3×+2.1×
P/S3.7×+0.8×

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:FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1.

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 financing receivable, troubled debt restructuring, subsequent default?
South Plains Financial, Inc. (SPFI) reported financing receivable, troubled debt restructuring, subsequent default of $577K in Q1 2026.
How has South Plains Financial, Inc.'s financing receivable, troubled debt restructuring, subsequent default changed year-over-year?
South Plains Financial, Inc.'s financing receivable, troubled debt restructuring, subsequent default increased by 309.2% year-over-year, from $141K to $577K.
What is the long-term trend for South Plains Financial, Inc.'s financing receivable, troubled debt restructuring, subsequent default?
Over 2 years (2023 to 2025), South Plains Financial, Inc.'s financing receivable, troubled debt restructuring, subsequent default has grown at a 85.0% compound annual growth rate (CAGR), from $297K to $1.02M.
What does financing receivable, troubled debt restructuring, subsequent default mean?
Represents the recorded investment in financing receivables that were previously modified as troubled debt restructurings and subsequently defaulted during the reporting period. This metric serves as a critical indicator of credit risk management effectiveness and the long-term viability of loan restructuring efforts. A higher value suggests potential weaknesses in the underwriting or modification process for distressed borrowers.