South Plains Financial Inc (SPFI) - Net Assets
Based on the latest financial reports, South Plains Financial Inc (SPFI) has net assets worth $504.94 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.65 Billion) and total liabilities ($4.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SPFI intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $504.94 Million |
| % of Total Assets | 10.87% |
| Annual Growth Rate | 15.29% |
| 5-Year Change | -86.93% |
| 10-Year Change | N/A |
| Growth Volatility | 305.61 |
South Plains Financial Inc - Net Assets Trend (2017–2025)
This chart illustrates how South Plains Financial Inc's net assets have evolved over time, based on quarterly financial data. See SPFI defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for South Plains Financial Inc (2017–2025)
The table below shows the annual net assets of South Plains Financial Inc from 2017 to 2025. For live valuation and market cap data, see market cap of South Plains Financial Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $493.84 Million | +12.50% |
| 2024-12-31 | $438.95 Million | +7.82% |
| 2023-12-31 | $407.11 Million | +14.03% |
| 2022-12-31 | $357.01 Million | -90.55% |
| 2021-12-31 | $3.78 Billion | +921.40% |
| 2020-12-31 | $370.05 Million | +20.86% |
| 2019-12-31 | $306.18 Million | +98.07% |
| 2018-12-31 | $154.58 Million | -2.29% |
| 2017-12-31 | $158.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to South Plains Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 260.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $434.20 Million | 87.92% |
| Common Stock | $16.29 Million | 3.30% |
| Other Comprehensive Income | $-47.72 Million | -9.66% |
| Other Components | $91.06 Million | 18.44% |
| Total Equity | $493.84 Million | 100.00% |
South Plains Financial Inc Competitors by Market Cap
The table below lists competitors of South Plains Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Greenway Technology Co Ltd
SHG:688345
|
$778.40 Million |
|
Wuxi Xinhongye Wire & Cable Co. Ltd. A
SHE:301310
|
$778.51 Million |
|
PARATUS ENERGY SERVICES LTD
OL:PLSV
|
$779.16 Million |
|
Prima Andalan Mandiri Tbk PT
JK:MCOL
|
$779.20 Million |
|
Beijing UniStrong Science & Technology Co Ltd
SHE:002383
|
$777.87 Million |
|
SERVICE STREAM LTD
F:UFY
|
$777.83 Million |
|
Guanghui Logistics Co Ltd
SHG:600603
|
$777.79 Million |
|
Nanjing CIGU Technology Corp. Ltd. A
SHG:688448
|
$777.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Plains Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 438,949,000 to 493,837,000, a change of 54,888,000 (12.5%).
- Net income of 58,471,000 contributed positively to equity growth.
- Dividend payments of 10,101,000 reduced retained earnings.
- Share repurchases of 8,526,000 reduced equity.
- New share issuances of 451,000 increased equity.
- Other comprehensive income increased equity by 12,902,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.47 Million | +11.84% |
| Dividends Paid | $10.10 Million | -2.05% |
| Share Repurchases | $8.53 Million | -1.73% |
| Share Issuances | $451.00K | +0.09% |
| Other Comprehensive Income | $12.90 Million | +2.61% |
| Other Changes | $1.69 Million | +0.34% |
| Total Change | $- | 12.50% |
Book Value vs Market Value Analysis
This analysis compares South Plains Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.57x to 1.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $9.05 | $41.39 | x |
| 2018-12-31 | $8.85 | $41.39 | x |
| 2019-12-31 | $16.98 | $41.39 | x |
| 2020-12-31 | $20.47 | $41.39 | x |
| 2021-12-31 | $204.39 | $41.39 | x |
| 2022-12-31 | $19.81 | $41.39 | x |
| 2023-12-31 | $24.80 | $41.39 | x |
| 2024-12-31 | $26.67 | $41.39 | x |
| 2025-12-31 | $29.06 | $41.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Plains Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.69%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 9.07x
- Recent ROE (11.84%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.94% | 15.81% | 0.06x | 16.27x | $7.81 Million |
| 2018 | 18.95% | 17.49% | 0.06x | 17.55x | $13.83 Million |
| 2019 | 9.54% | 15.69% | 0.06x | 10.57x | $-1.40 Million |
| 2020 | 12.26% | 19.25% | 0.07x | 9.73x | $8.35 Million |
| 2021 | 1.55% | 25.76% | 0.06x | 1.03x | $-319.35 Million |
| 2022 | 16.31% | 25.11% | 0.06x | 11.05x | $22.54 Million |
| 2023 | 15.41% | 29.59% | 0.05x | 10.33x | $22.03 Million |
| 2024 | 11.33% | 17.56% | 0.07x | 9.64x | $5.82 Million |
| 2025 | 11.84% | 19.69% | 0.07x | 9.07x | $9.09 Million |
Industry Comparison
This section compares South Plains Financial Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $389,399,400
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Plains Financial Inc (SPFI) | $504.94 Million | 14.94% | 8.20x | $777.89 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.79 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $137.13 Million |
| Alerus Financial Corp (ALRS) | $127.25 Million | 8.42% | 8.09x | $736.27 Million |
| Amalgamated Bank (AMAL) | $508.95 Million | 16.01% | 14.41x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $974.56 Million |
| Arrow Financial Corporation (AROW) | $431.85 Million | 10.18% | 9.29x | $622.98 Million |
| Associated Banc-Corp (ASB) | $968.70 Million | 17.34% | 12.55x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $141.70 Million | 14.89% | 15.78x | $62.43 Million |
About South Plains Financial Inc
South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides traditional trust products and services; debit … Read more