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South Plains Financial, Inc. SPFI Servicing Asset At Fair Value Changes In Valuation

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Other financials

Income statement

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Revenue$64.5M+18.0%
Net income$19.0M+30.0%
EPS (diluted)$0.96+11.6%

Balance sheet

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Cash & equivalents$787.8M+67.4%
Total debt$7.9M-10.9%
Total equity$629.8M+38.7%
Total assets$5.4B+23.5%

Cash flow

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Operating cash flow$27.9M+89.0%
CapEx$1.0M-40.0%
Free cash flow$26.8M+106%

Valuation

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Market cap$837.96M+39.2%
P/E12.9×+1.8×
P/S3.7×+0.7×

Profitability

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Net margin28.7%+1.9pp
FCF margin33.3%+4.7pp

Returns & leverage

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Return on equity12%-0.5pp
Debt / equity0.0×

Where this comes from

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

Tagged under the XBRL concept spfi:ServicingAssetAtFairValueChangesInValuation.

The source filing: South Plains Financial, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001140361-26-031701
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Deferred income tax expense432(728)
Earnings on bank-owned life insurance(933)(805)
Stock-based compensation1,5411,323
Change in valuation of mortgage servicing rights(765)1,741
Net change in:
Accrued interest receivable and other assets3,5885,935
Accrued expenses and other liabilities4,019(3,367)
Net cash from operating activities44,04440,841

Item 1. Consolidated Financial Statements

FAQ

What is South Plains Financial, Inc.'s servicing asset at fair value changes in valuation?
South Plains Financial, Inc. (SPFI) reported servicing asset at fair value changes in valuation of $515K in Q2 2026.
How has South Plains Financial, Inc.'s servicing asset at fair value changes in valuation changed year-over-year?
South Plains Financial, Inc.'s servicing asset at fair value changes in valuation increased by 430.1% year-over-year, from -$156K to $515K.
What does servicing asset at fair value changes in valuation mean?
The net change in the fair value of mortgage servicing rights resulting from market fluctuations, prepayment speed assumptions, or discount rate adjustments. This metric highlights the volatility and sensitivity of the bank's servicing portfolio to interest rate environments.

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