What does recorded value of interest locks at inception mean?

This represents the fair value of mortgage interest rate lock commitments granted to borrowers at the time of origination. It reflects the bank's pipeline of mortgage business and the potential revenue associated with future loan sales. Changes in this value indicate shifts in mortgage market activity and interest rate expectations.

South Plains Financial, Inc. SPFI Recorded Value Of Interest Locks At Inception

Recorded Value Of Interest Locks At Inception at other companies

Capital City Bank GroupCCBG

$273K-44.8%

Wintrust FinancialWTFC

$4.62M+8.7%

Starwood Property TrustSTWD

-$12.67M-122%

Chimera Investment Corp.CIM

$13.95M—

U.S. BancorpUSB

$2.5B+46.5%

Simmons First NationalSFNC

$203K+66.4%

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 / equity0×0.0×

Where this comes from

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

Tagged under the XBRL concept spfi:RecordedValueOfInterestLocksAtInception.

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

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Questions, answered.

What is South Plains Financial, Inc.'s recorded value of interest locks at inception?: South Plains Financial, Inc. (SPFI) reported recorded value of interest locks at inception of $0 in Q4 2025.
What does recorded value of interest locks at inception mean?: This represents the fair value of mortgage interest rate lock commitments granted to borrowers at the time of origination. It reflects the bank's pipeline of mortgage business and the potential revenue associated with future loan sales. Changes in this value indicate shifts in mortgage market activity and interest rate expectations.