South Plains Financial Inc (SPFI)

Over the past six months, SPFI's stock price has fluctuated. In Q3 2025, the company reported strong financial results with increased net income and EPS, but also noted a decrease in loans and noninterest income. In Q2 2025, strong earnings aided by a one-time loan recovery led to a stock increase, with management focusing on M&A and boosting dividends. The company also released its 2024 Community Impact Report in March 2025.

There is an indication of demand seasonality for South Plains Financial, Inc.'s products, as the company experienced seasonal outflows from municipalities impacting deposits in the second quarter of 2025.

South Plains Financial, Inc. operates as a bank holding company for City Bank, offering commercial and consumer financial services to small and medium-sized businesses and individuals. The company provides various loans, including commercial real estate, general commercial, residential construction, and auto loans. SPFI also offers deposit products like demand deposit accounts, savings accounts, and certificates of deposit, along with trust services, debit and credit cards, retirement services, and investment services.

South Plains Financial, Inc. operates primarily in Texas and New Mexico. Its banking operations are concentrated in West Texas, with additional presence in the Dallas, El Paso, Greater Houston, Permian Basin, and College Station markets in Texas, as well as the Ruidoso market in New Mexico.

South Plains Financial, Inc. has maintained a positive brand reputation, being named a top-performing U.S. community bank by S&P Global Market Intelligence. The company released its 2024 Community Impact Report, highlighting its commitment to community support, including providing loans for small businesses and community development, employee volunteer hours, and financial literacy education.

The ownership of South Plains Financial, Inc. is distributed among institutional investors, insiders, and public/individual investors. Institutional investors hold approximately 16.38% to 27.88% of the stock, insiders own 27.66%, and public/individual investors hold 11.50% to 44.46%. Curtis C. Griffith is the individual with the most shares. Top institutional holders include Vanguard Fiduciary Trust Co., Keeley Funds, Inc., and Bridgeway Funds, Inc.