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South Plains Financial, Inc. SPFI Provision For Credit Losses On Loans Excluding Off Balance Sheet Credit Exposures

Provision For Credit Losses On Loans Excluding Off Balance Sheet Credit Exposures 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$820.4M+43.6%
P/E13.5×+2.3×
P/S3.8×+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 spfi:ProvisionForCreditLossesOnLoansExcludingOffBalanceSheetCreditExposures.

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 provision for credit losses on loans excluding off balance sheet credit exposures?
South Plains Financial, Inc. (SPFI) reported provision for credit losses on loans excluding off balance sheet credit exposures of $0 in Q1 2026.
How has South Plains Financial, Inc.'s provision for credit losses on loans excluding off balance sheet credit exposures changed year-over-year?
South Plains Financial, Inc.'s provision for credit losses on loans excluding off balance sheet credit exposures decreased by 100.0% year-over-year, from $250K to $0.
What is the long-term trend for South Plains Financial, Inc.'s provision for credit losses on loans excluding off balance sheet credit exposures?
Over 4 years (2021 to 2025), South Plains Financial, Inc.'s provision for credit losses on loans excluding off balance sheet credit exposures has grown at a 26.6% compound annual growth rate (CAGR), from -$1.92M to $4.93M.
What does provision for credit losses on loans excluding off balance sheet credit exposures mean?
Represents the non-cash expense charged to earnings to maintain an adequate allowance for potential loan defaults and credit losses. This is a primary indicator of management's assessment of credit risk within the loan portfolio. An increasing provision often signals expected deterioration in asset quality or growth in the loan book.