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

Servicing Asset At Fair Value Changes In Valuation at other companies

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PennyMac Mortgage Investment TrustPMT
-$61.3M+57.6%
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-$84M-95.3%
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Starwood Property TrustSTWD
-$537K-171%

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 spfi:ServicingAssetAtFairValueChangesInValuation.

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 servicing asset at fair value changes in valuation?
South Plains Financial, Inc. (SPFI) reported servicing asset at fair value changes in valuation of $250K in Q1 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 115.8% year-over-year, from -$1.59M to $250K.
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.