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South Plains Financial, Inc.. (SPFI) Fundamental Analysis & AI Grade 2026

SPFI Nasdaq State Commercial Banks TX CIK: 0001163668
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
72% Confidence
N/A
B
72% Conf
Pending
Analysis scheduled

📊 SPFI Key Takeaways

Revenue: $62.6M
Net Margin: 23.2%
Free Cash Flow: $14.8M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $0.85
AI Grade: B with 72% confidence
South Plains Financial, Inc.. (SPFI) receives a B fundamental grade with 72% confidence from our AI analysis based on SEC 10-K filings. With revenue of $62.6M, net profit margin of 23.2%, and return on equity (ROE) of 2.9%, South Plains Financial, Inc.. demonstrates mixed fundamentals in the Finance sector. Below is our complete SPFI stock analysis for 2026.

Is South Plains Financial, Inc.. (SPFI) a Good Investment?

Claude

South Plains Financial demonstrates exceptional revenue growth of 50.9% YoY with strong positive free cash flow, but this growth masks critical profitability and leverage concerns. The company's interest coverage ratio of 0.8x (below 1.0x) indicates operating income insufficient to cover interest expenses, while ROE of 2.9% and ROA of 0.3% suggest severely depressed returns on equity despite rapid top-line expansion.

South Plains Financial, Inc.. Key Strengths (SPFI)

Claude
  • + Exceptional revenue growth of 50.9% YoY demonstrates strong business expansion
  • + Positive free cash flow of 14.8M with 23.7% FCF margin provides financial flexibility
  • + Strong net margin of 23.2% and operating margin of 29.3% on the revenue base
  • + Solid cash position of 722.0M provides liquidity buffer

SPFI Stock Risks: South Plains Financial, Inc.. Investment Risks

Claude
  • ! Interest coverage ratio of 0.8x is critically low, indicating operating income cannot cover interest obligations
  • ! ROE of 2.9% is far below banking industry standards (10%+ expected), signaling poor shareholder value generation
  • ! EPS growth of 17.8% significantly lags revenue growth of 50.9%, suggesting margin compression or operational inefficiency
  • ! ROA of 0.3% indicates minimal asset utilization efficiency despite 4.6B in total assets

Key Metrics to Watch

Claude
  • * Interest coverage ratio trend - must move above 1.0x to indicate sustainable earnings
  • * Return on equity progression - monitor if improving toward 8-10% range
  • * Net income growth rate - validate whether growth can accelerate beyond 17.8% EPS growth
  • * Asset quality metrics and loan loss reserves - assess underlying credit risk

South Plains Financial, Inc.. (SPFI) Financial Metrics & Key Ratios

Revenue
$62.6M
Net Income
$14.5M
EPS (Diluted)
$0.85
Free Cash Flow
$14.8M
Total Assets
$4.6B
Cash Position
$722.0M

💡 AI Analyst Insight

The 23.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

SPFI Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 29.3%
Net Margin 23.2%
ROE 2.9%
ROA 0.3%
FCF Margin 23.7%

SPFI vs Finance Sector: How South Plains Financial, Inc.. Compares

How South Plains Financial, Inc.. compares to Finance sector averages

Net Margin
SPFI 23.2%
vs
Sector Avg 25.0%
SPFI Sector
ROE
SPFI 2.9%
vs
Sector Avg 12.0%
SPFI Sector
Current Ratio
SPFI 0.0x
vs
Sector Avg 1.2x
SPFI Sector
Debt/Equity
SPFI 0.0x
vs
Sector Avg 2.0x
SPFI Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is South Plains Financial, Inc.. Stock Overvalued? SPFI Valuation Analysis 2026

Based on fundamental analysis, South Plains Financial, Inc.. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
2.9%
Sector avg: 12%
Net Profit Margin
23.2%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

South Plains Financial, Inc.. Balance Sheet: SPFI Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
89.1%
Interest Coverage
0.79x
Long-term Debt
N/A

SPFI Revenue & Earnings Growth: 5-Year Financial Trend

SPFI 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: South Plains Financial, Inc..'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $3.62 reflects profitable operations.

SPFI Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.7%
Free cash flow / Revenue

South Plains Financial, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$16.2M
Cash generated from operations
Capital Expenditures
$1.4M
Investment in assets
Dividends Paid
$2.8M
Returned to shareholders

SPFI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for South Plains Financial, Inc.. (CIK: 0001163668)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 4 xslF345X06/primary_doc.xml View →
May 22, 2026 4 xslF345X06/primary_doc.xml View →
May 22, 2026 4 xslF345X06/primary_doc.xml View →
May 22, 2026 4 xslF345X06/primary_doc.xml View →
May 20, 2026 4 xslF345X06/primary_doc.xml View →

Frequently Asked Questions about SPFI

What is the AI rating for SPFI?

South Plains Financial, Inc.. (SPFI) has an AI grade of B with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SPFI's key strengths?

Claude: Exceptional revenue growth of 50.9% YoY demonstrates strong business expansion. Positive free cash flow of 14.8M with 23.7% FCF margin provides financial flexibility.

What are the risks of investing in SPFI?

Claude: Interest coverage ratio of 0.8x is critically low, indicating operating income cannot cover interest obligations. ROE of 2.9% is far below banking industry standards (10%+ expected), signaling poor shareholder value generation.

What is SPFI's revenue and growth?

South Plains Financial, Inc.. reported revenue of $62.6M.

Does SPFI pay dividends?

South Plains Financial, Inc.. pays dividends, with $2.8M distributed to shareholders in the trailing twelve months.

Where can I find SPFI SEC filings?

Official SEC filings for South Plains Financial, Inc.. (CIK: 0001163668) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SPFI's EPS?

South Plains Financial, Inc.. has a diluted EPS of $0.85.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SPFI's fundamental grade?

Based on our AI fundamental analysis in May 2026, South Plains Financial, Inc.. has a B grade with 72% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SPFI stock overvalued or undervalued?

Valuation metrics for SPFI: ROE of 2.9% (sector avg: 12%), net margin of 23.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

What is SPFI's AI grade for 2026?

Our dual AI analysis gives South Plains Financial, Inc.. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SPFI's free cash flow?

South Plains Financial, Inc..'s operating cash flow is $16.2M, with capital expenditures of $1.4M. FCF margin is 23.7%.

How does SPFI compare to other Finance stocks?

Vs Finance sector averages: Net margin 23.2% (avg: 25%), ROE 2.9% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI