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South Plains Financial, Inc. SPFI Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff

Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff at other companies

Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0
SPF
South Plains Financial, Inc.SPFI
$94K+62.1%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0
Healthcare Services Group logo
Healthcare Services GroupHCSG
$0
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0-100%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$0-100%

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:FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff.

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, year one, originated, current fiscal year, writeoff?
South Plains Financial, Inc. (SPFI) reported financing receivable, year one, originated, current fiscal year, writeoff of $94K in Q1 2026.
How has South Plains Financial, Inc.'s financing receivable, year one, originated, current fiscal year, writeoff changed year-over-year?
South Plains Financial, Inc.'s financing receivable, year one, originated, current fiscal year, writeoff increased by 62.1% year-over-year, from $58K to $94K.
What is the long-term trend for South Plains Financial, Inc.'s financing receivable, year one, originated, current fiscal year, writeoff?
Over 2 years (2023 to 2025), South Plains Financial, Inc.'s financing receivable, year one, originated, current fiscal year, writeoff has grown at a -6.9% compound annual growth rate (CAGR), from $574K to $498K.
What does financing receivable, year one, originated, current fiscal year, writeoff mean?
Tracks the volume of loans originated in the current fiscal year that were subsequently written off within the same period. This metric is a high-sensitivity indicator of aggressive or poor-quality underwriting for new business. A high ratio suggests significant deficiencies in the initial credit assessment process.