SPFI (South Plains Financial, Inc.) Stock Financials & Earnings | Market Cap Arena

SPFI (South Plains Financial, Inc.) Stock Financials & Earnings | Market Cap Arena

SPFISouth Plains Financial, Inc.

Mkt Cap$665M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Revenue (TTM)$294M

Net Income (TTM)$58M

EPS (TTM)$3.44

Free Cash Flow (TTM)$69M

Gross Margin69.3%

Op. Margin25.2%

Net Margin19.9%

FCF Margin23.4%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)11.4x

YoY Rev Growth+3.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$57M	$43M	$12M
Q2 23	$60M	$40M	$37M
Q3 23	$67M	$47M	$17M
Q4 23	$65M	$42M	$13M
Q1 24	$69M	$45M	$14M
Q2 24	$70M	$45M	$14M
Q3 24	$71M	$46M	$14M
Q4 24	$73M	$49M	$21M
Q1 25	$69M	$47M	$16M
Q2 25	$76M	$52M	$19M
Q3 25	$74M	$52M	$21M
Q4 25	$74M	$52M	$19M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.8x	12.5x
Q2 23	2.8x	9.9x
Q3 23	2.8x	10.2x
Q4 23	2.7x	10.6x
Q1 24	2.6x	10.3x
Q2 24	2.5x	14.5x
Q3 24	2.4x	15.3x
Q4 24	2.3x	13.4x
Q1 25	2.3x	13.0x
Q2 25	2.3x	12.2x
Q3 25	2.3x	11.1x
Q4 25	2.3x	11.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$25M	$24M
Q2 23	$350K	-$2M
Q3 23	$26M	$25M
Q4 23	$7M	$7M
Q1 24	$19M	$19M
Q2 24	$18M	$17M
Q3 24	$18M	$17M
Q4 24	$4M	$3M
Q1 25	$26M	$25M
Q2 25	$15M	$13M
Q3 25	$24M	$22M
Q4 25	$12M	$8M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2M
Q2 23	$2M
Q3 23	$1M
Q4 23	$1K
Q1 24	$474K
Q2 24	$1M
Q3 24	$773K
Q4 24	$1M
Q1 25	$1M
Q2 25	$2M
Q3 25	$2M
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+2.4%	+19.9%
Q2 23	+2.5%	-42.1%
Q3 23	+10.6%	+21.0%
Q4 23	+12.8%	+24.8%
Q1 24	+21.0%	+21.2%
Q2 24	+17.9%	+152.6%
Q3 24	+5.5%	+13.2%
Q4 24	+12.7%	+1.2%
Q1 25	+0.5%	-2.4%
Q2 25	+8.4%	+2.7%
Q3 25	+4.6%	-5.5%
Q4 25	+1.6%	+5.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$525K	0.9%
Q2 23	$589K	1.0%
Q3 23	$511K	0.8%
Q4 23	$532K	0.8%
Q1 24	$481K	0.7%
Q2 24	$657K	0.9%
Q3 24	$563K	0.8%
Q4 24	$617K	0.8%
Q1 25	$569K	0.8%
Q2 25	$754K	1.0%
Q3 25	$650K	0.9%
Q4 25	$651K	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$19M	$936K
Q2 23	$23M	$784K
Q3 23	$19M	$853K
Q4 23	$18M	$880K
Q1 24	$19M	$754K
Q2 24	$19M	$860K
Q3 24	$19M	$1M
Q4 24	$17M	$1M
Q1 25	$19M	$905K
Q2 25	$20M	$919K
Q3 25	$19M	$979K
Q4 25	$22M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$328M	$699M	$1.0B
Q2 23	$296M	$628M	$924M
Q3 23	$352M	$585M	$937M
Q4 23	$330M	$184M	$514M
Q1 24	$372M	$600M	$972M
Q2 24	$298M	$591M	$889M
Q3 24	$471M	$607M	$1.1B
Q4 24	$359M	$268M	$627M
Q1 25	$536M	$217M	$754M
Q2 25	$470M	$570M	$1.0B
Q3 25	$635M	$164M	$799M
Q4 25	$58M	$568M	$626M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	18M	-1.1%
Q2 23	17M	-1.0%
Q3 23	17M	-0.2%
Q4 23	17M	-2.0%
Q1 24	17M	-0.4%
Q2 24	17M	-0.0%
Q3 24	17M	+0.7%
Q4 24	17M	+0.6%
Q1 25	17M	-0.6%
Q2 25	17M	-1.0%
Q3 25	17M	+0.6%
Q4 25	17M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 17	—	—
FY 18	—	—
FY 19	$274K	679
FY 20	$345K	682
FY 21	$335K	680
FY 22	$345K	673
FY 23	$402K	618
FY 24	$472K	600
FY 25	$492K	603