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South Plains Financial, Inc. SPFI Retention of mortgage servicing rights from loan sales

Retention of mortgage servicing rights from loan sales at other companies

SPF
South Plains Financial, Inc.SPFI
$320K+60.8%
Redwood Trust logo
Redwood TrustRWT
$1.69M
Nicolet Bankshares logo
Nicolet BanksharesNIC
$1.24M+142%
Associated Banc-Corp logo
Associated Banc-CorpASB
$2.25M+66.9%
Arbor Realty Trust logo
Arbor Realty TrustABR
$9.66M+18.8%
FBR
Franklin BSP Realty TrustFBRT
$6.74M

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 us-gaap:ServicingAssetAtFairValueAdditions.

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 retention of mortgage servicing rights from loan sales?
South Plains Financial, Inc. (SPFI) reported retention of mortgage servicing rights from loan sales of $320K in Q1 2026.
How has South Plains Financial, Inc.'s retention of mortgage servicing rights from loan sales changed year-over-year?
South Plains Financial, Inc.'s retention of mortgage servicing rights from loan sales increased by 60.8% year-over-year, from $199K to $320K.
What is the long-term trend for South Plains Financial, Inc.'s retention of mortgage servicing rights from loan sales?
Over 4 years (2021 to 2025), South Plains Financial, Inc.'s retention of mortgage servicing rights from loan sales has grown at a -41.5% compound annual growth rate (CAGR), from $9.2M to $1.08M.
What does retention of mortgage servicing rights from loan sales mean?
Represents the fair value of newly capitalized mortgage servicing rights recognized during the period resulting from the sale of mortgage loans. This metric reflects the company's strategy to retain long-term servicing income streams while offloading the underlying credit risk of the loans. Higher additions indicate a robust mortgage origination and servicing business model.