South Plains Financial Inc (SPFI) — Tangible Net Worth Ratio
South Plains Financial Inc (SPFI) has a Tangible Net Worth Ratio of 99.8% as of March 2026. This metric is calculated by deducting intangible assets ($1.01 Million) from net assets ($504.94 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of South Plains Financial Inc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
South Plains Financial Inc Tangible Net Worth Ratio (2017–2025)
This chart shows how South Plains Financial Inc's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of March 2026, the ratio stands at 99.8%, reflecting net assets of $504.94 Million with intangible assets of $1.01 Million USD. For live market cap and overall valuation, see South Plains Financial Inc market cap and net worth.
Annual Tangible Net Worth Ratio for South Plains Financial Inc (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for South Plains Financial Inc from 2017 to 2025, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of South Plains Financial Inc to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | $493.84 Million | $1.13 Million | $4.48 Billion | ▲ +6.2 pp |
| 2024 | 93.6% | $438.95 Million | $28.01 Million | $4.23 Billion | ▲ +0.7 pp |
| 2023 | 92.9% | $407.11 Million | $29.00 Million | $4.20 Billion | ▲ +1.8 pp |
| 2022 | 91.1% | $357.01 Million | $31.82 Million | $3.94 Billion | ▼ -8.2 pp |
| 2021 | 99.3% | $3.78 Billion | $25.59 Million | $3.90 Billion | ▲ +3.8 pp |
| 2020 | 95.5% | $370.05 Million | $16.61 Million | $3.60 Billion | ▼ -1.0 pp |
| 2019 | 96.5% | $306.18 Million | $10.69 Million | $3.24 Billion | ▼ -3.5 pp |
| 2018 | 100.0% | $154.58 Million | $0.00 | $2.71 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | $158.21 Million | $0.00 | $2.57 Billion | — |