XNASSPFI
Market cap557mUSD
Jan 14, Last price
34.04USD
1D
2.01%
1Q
-2.80%
IPO
88.80%
Name
South Plains Financial Inc
Chart & Performance
P/E
8.89
P/S
2.64
EPS
3.83
Div Yield, %
1.57%
Shrs. gr., 5y
-0.16%
Rev. gr., 5y
7.79%
Revenues
211m
-1.71%
Net income
63m
+7.74%
CFO
59m
-52.63%
Dividend
Jul 29, 20240.14 USD/sh
Earnings
Jan 24, 2025
Profile
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. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | |
| Income | |||||||
Revenues | 210,954 -1.71% | 214,621 -2.10% | |||||
Cost of revenue | 82,830 | 89,937 | |||||
Unusual Expense (Income) | |||||||
NOPBT | 128,124 | 124,684 | |||||
NOPBT Margin | 60.74% | 58.09% | |||||
Operating Taxes | 16,672 | 14,911 | |||||
Tax Rate | 13.01% | 11.96% | |||||
NOPAT | 111,452 | 109,773 | |||||
Net income | 62,745 7.74% | 58,240 -0.64% | |||||
Dividends | (8,745) | (8,012) | |||||
Dividend yield | 1.74% | 1.62% | |||||
Proceeds from repurchase of equity | (17,763) | (22,699) | |||||
BB yield | 3.54% | 4.58% | |||||
| Debt | |||||||
Debt current | 1,866 | ||||||
Long-term debt | 118,026 | 129,385 | |||||
Deferred revenue | (13,688) | ||||||
Other long-term liabilities | 3,636,215 | 3,449,784 | |||||
Net debt | (1,190,319) | (1,507,054) | |||||
| Cash flow | |||||||
Cash from operating activities | 58,539 | 123,590 | |||||
CAPEX | (4,681) | (4,469) | |||||
Cash from investing activities | (143,376) | (408,857) | |||||
Cash from financing activities | 180,112 | 33,329 | |||||
FCF | 280,695 | (65,522) | |||||
| Balance | |||||||
Cash | 685,583 | 936,594 | |||||
Long term investments | 622,762 | 701,711 | |||||
Excess cash | 1,297,797 | 1,627,574 | |||||
Stockholders' equity | 310,007 | 244,180 | |||||
Invested Capital | 3,843,490 | 3,658,239 | |||||
ROIC | 2.97% | 3.54% | |||||
ROCE | 3.08% | 3.18% | |||||
| EV | |||||||
Common stock shares outstanding | 17,333 | 18,020 | |||||
Price | 28.96 5.19% | 27.53 -1.01% | |||||
Market cap | 501,970 1.19% | 496,086 -3.54% | |||||
EV | (688,349) | (1,010,968) | |||||
EBITDA | 134,536 | 131,649 | |||||
EV/EBITDA | |||||||
Interest | 72,286 | 22,692 | |||||
Interest/NOPBT | 56.42% | 18.20% | |||||