South Plains Financial, Inc. (SPFI) Balance Sheet
SPFI balance sheet, 2025
December 31, 2025 · U.S. dollars$4.48B assets = $3.99B liabilities + $493.8M equity
Both columns are drawn to the same scale: what SPFI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPFI financial health
Descriptive bands, not a rating. Fiscal 2025.
SPFI balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.57B2017 | $4.48B2025 | +7.2%/yr | |
| Total liabilities | $2.42B2017 | $3.99B2025 | +6.5%/yr | |
| Shareholders’ equity | $158.2M2017 | $493.8M2025 | +15.3%/yr | |
| Cash & short-term investments | $488.7M2017 | $1.12B2025 | +10.9%/yr | |
| Total debt | $177.8M2017 | $60.5M2025 | −12.6%/yr | |
| Net cash (debt) | $310.9M2017 | $1.06B2025 | +$748.2M | |
| Working capital | −$1.69B2017 | −$2.73B2025 | −$1.0B | |
| Book value per share | $9.052017 | $29.062025 | +15.7%/yr | |
| Debt / equity | 1.122017 | 0.122025 | −1.00 | |
| Shares outstanding | 17.5M2017 | 17.0M2025 | −0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPFI assets
SPFI liabilities and equity
SPFI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPFI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $1.12B | $627.3M | $514.0M | $936.6M | $1.21B | $1.10B | $865.7M | $584.2M | $488.7M |
| Cash & equivalents | $552.4M | $359.1M | $330.2M | $234.9M | $486.8M | $300.3M | $158.1M | $246.0M | $294.6M |
| Short-term investments | $567.1M | $268.2M | $183.9M | $701.7M | $724.5M | $803.1M | $707.6M | $338.2M | $194.2M |
| Receivables | $20.9M | $21.7M | $20.9M | $16.4M | $13.9M | $15.2M | $13.9M | $13.0M | $14.3M |
| Inventory | $0 | $0 | −$351.0M | $169,000 | −$500.7M | −$315.5M | −$172.0M | −$258.9M | −$308.9M |
| Other current assets | $0 | $0 | $351.0M | $173.1M | $500.7M | $315.5M | $172.0M | $258.9M | $308.9M |
| Total current assets | $1.14B | $649.0M | $534.9M | $1.13B | $1.23B | $1.12B | $879.7M | $597.1M | $503.0M |
| Property, plant & equipment (net) | $51.6M | $53.0M | $55.1M | $56.3M | $57.7M | $60.3M | $61.9M | $59.8M | $61.9M |
| Goodwill & intangible assets | $44.5M | $47.3M | $48.3M | $51.3M | $45.1M | $36.1M | $29.4M | $0 | $0 |
| Long-term investments | $567.1M | $268.2M | $622.8M | $701.7M | $724.5M | $914.6M | $707.6M | $338.2M | $284.1M |
| Other non-current assets | $2.68B | $3.21B | $2.94B | $2.01B | $1.85B | $1.47B | $1.56B | $1.72B | $1.72B |
| Total assets | $4.48B | $4.23B | $4.20B | $3.94B | $3.90B | $3.60B | $3.24B | $2.71B | $2.57B |
| Liabilities | |||||||||
| Accounts payable | — | — | — | $58.3M | $3.34B | $31.2M | $2.70B | $2.28B | $2.15B |
| Short-term debt | — | $1.6M | $1.8M | $1.9M | $75.8M | $26.6M | $37.2M | $17.7M | $15.6M |
| Total current liabilities | $3.87B | $3.62B | $3.63B | $14.9M | $1.07B | $3.03B | $2.76B | $2.32B | $2.20B |
| Long-term debt | $60.5M | $110.4M | $110.2M | $122.4M | $122.2M | $197.0M | $72.9M | $72.9M | $67.3M |
| Other long-term liabilities | $52.1M | $62.1M | $61.4M | $3.45B | $0 | $0 | $95.0M | $160.7M | $152.1M |
| Total liabilities | $3.99B | $3.79B | $3.80B | $3.59B | $122.2M | $3.23B | $2.93B | $2.56B | $2.42B |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $16.3M | $16.5M | $16.4M | $17.0M | $17.8M | $18.1M | $18.0M | $14.8M | $15.2M |
| Retained earnings (deficit) | $434.2M | $385.8M | $345.3M | $292.3M | $242.8M | $189.5M | $146.7M | $119.8M | $120.6M |
| Treasury stock | — | — | — | — | — | — | — | $0 | −$5.9M |
| Accumulated other comprehensive income | −$47.7M | −$60.6M | −$51.7M | −$65.1M | $13.7M | $21.3M | $958,000 | −$2.2M | −$446,000 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $493.8M | $438.9M | $407.1M | $357.0M | $3.78B | $370.0M | $306.2M | $154.6M | $158.2M |
| Key figures | |||||||||
| Total debt | $60.5M | $110.4M | $110.2M | $124.2M | $197.9M | $223.5M | $205.0M | $193.1M | $177.8M |
| Net cash (debt) | $1.06B | $517.0M | $403.9M | $812.4M | $1.01B | $879.9M | $660.7M | $391.1M | $310.9M |
| Working capital | −$2.73B | −$2.97B | −$3.09B | $1.11B | $153.9M | −$1.91B | −$1.88B | −$1.73B | −$1.69B |
| Tangible book value | $449.3M | $391.6M | $358.8M | $305.7M | $3.73B | $333.9M | $276.7M | $154.6M | $158.2M |
| Book value per share | $29.06 | $26.67 | $24.80 | $19.81 | $204.39 | $20.47 | $16.98 | $8.85 | $9.05 |
| Shares outstanding | 17.0M | 16.5M | 16.4M | 18.0M | 18.5M | 18.1M | 18.0M | 17.5M | 17.5M |
| Current ratio | 0.29 | 0.18 | 0.15 | 75.53 | 1.14 | 0.37 | 0.32 | 0.26 | 0.23 |
| Quick ratio | 0.29 | 0.18 | 0.15 | 63.91 | 1.14 | 0.37 | 0.32 | 0.26 | 0.23 |
| Debt / equity | 0.12 | 0.25 | 0.27 | 0.35 | 0.05 | 0.60 | 0.67 | 1.25 | 1.12 |
| Equity / assets | 11.0% | 10.4% | 9.7% | 9.1% | 96.9% | 10.3% | 9.5% | 5.7% | 6.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.34B | $855.2M | $1.12B | $799.3M | $658.2M | $753.6M | $627.3M | $1.08B | $889.0M | $971.8M | $514.0M | $937.4M |
| Cash & equivalents | $787.8M | $722.0M | $552.4M | $635.0M | $470.5M | $536.3M | $359.1M | $471.2M | $298.0M | $371.9M | $330.2M | $352.4M |
| Short-term investments | $555.4M | $133.2M | $567.1M | $164.2M | $187.7M | $217.3M | $268.2M | $606.9M | $591.0M | $599.9M | $183.9M | $585.0M |
| Receivables | $20.3M | $17.0M | $20.9M | $18.0M | $18.0M | $17.7M | $21.7M | $19.2M | $19.5M | $16.6M | $20.9M | $17.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$491.3M | −$656.5M | −$388.5M | −$351.0M | −$387.8M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $491.3M | $656.5M | $388.5M | $351.0M | $387.8M |
| Total current assets | $1.35B | $872.2M | $1.14B | $817.3M | $676.2M | $771.4M | $649.0M | $1.10B | $908.5M | $988.4M | $534.9M | $955.1M |
| Property, plant & equipment (net) | $52.1M | $51.6M | $51.6M | $51.8M | $51.3M | $50.9M | $53.0M | $53.3M | $54.0M | $54.2M | $55.1M | $56.4M |
| Goodwill & intangible assets | $98.5M | $44.9M | $44.5M | $45.0M | $45.9M | $45.8M | $47.3M | $45.8M | $47.8M | $48.4M | $48.3M | $49.7M |
| Long-term investments | $108.2M | $133.2M | $567.1M | $164.2M | $187.7M | $217.3M | $268.2M | $606.9M | $591.0M | $599.9M | $622.8M | $585.0M |
| Other non-current assets | $3.78B | $3.54B | $2.68B | $3.40B | $3.40B | $3.32B | $3.21B | $2.53B | $2.62B | $2.53B | $2.94B | $2.54B |
| Total assets | $5.39B | $4.65B | $4.48B | $4.48B | $4.36B | $4.41B | $4.23B | $4.34B | $4.22B | $4.22B | $4.20B | $4.19B |
| Liabilities | ||||||||||||
| Short-term debt | — | — | — | — | $1.4M | — | $1.6M | — | — | — | $1.8M | $465,000 |
| Total current liabilities | $4.64B | $4.03B | $3.87B | $3.88B | $3.74B | $3.79B | $3.62B | $3.72B | $3.62B | $3.64B | $3.63B | $3.62B |
| Long-term debt | $60.5M | $60.5M | $60.5M | $60.5M | $110.4M | $110.4M | $110.4M | $110.3M | $110.3M | $110.2M | $110.2M | $122.5M |
| Other long-term liabilities | $60.3M | $53.4M | $52.1M | $60.0M | $58.9M | $58.5M | $62.1M | $64.9M | $68.2M | $61.5M | $61.4M | $71.6M |
| Total liabilities | $4.76B | $4.14B | $3.99B | $4.00B | $3.91B | $3.96B | $3.79B | $3.89B | $3.80B | $3.81B | $3.80B | $3.81B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18.8M | $16.3M | $16.3M | $16.2M | $16.2M | $16.2M | $16.5M | $16.4M | $16.4M | $16.4M | $16.4M | $16.6M |
| Retained earnings (deficit) | $461.7M | $446.0M | $434.2M | $421.5M | $407.8M | $395.7M | $385.8M | $371.8M | $362.9M | $354.0M | $345.3M | $337.1M |
| Accumulated other comprehensive income | −$45.0M | −$48.6M | −$47.7M | −$51.1M | −$60.2M | −$57.9M | −$60.6M | −$42.4M | −$59.1M | −$59.1M | −$51.7M | −$84.6M |
| Total shareholders' equity | $629.8M | $504.9M | $493.8M | $477.8M | $454.1M | $443.7M | $438.9M | $443.1M | $418.0M | $408.7M | $407.1M | $371.7M |
| Key figures | ||||||||||||
| Total debt | $60.5M | $60.5M | $60.5M | $60.5M | $111.8M | $110.4M | $110.4M | $110.3M | $110.3M | $110.2M | $110.2M | $122.5M |
| Net cash (debt) | $1.28B | $794.7M | $1.06B | $738.8M | $546.4M | $643.2M | $517.0M | $967.7M | $778.8M | $861.6M | $403.9M | $814.9M |
| Working capital | −$3.29B | −$3.16B | −$2.73B | −$3.06B | −$3.06B | −$3.02B | −$2.97B | −$2.62B | −$2.72B | −$2.65B | −$3.09B | −$2.67B |
| Tangible book value | $531.3M | $460.0M | $449.3M | $432.8M | $408.2M | $398.0M | $391.6M | $397.4M | $370.2M | $360.3M | $358.8M | $322.0M |
| Book value per share | $31.79 | $29.64 | $29.06 | $28.12 | $26.89 | $26.00 | $25.58 | $25.98 | $24.69 | $24.13 | $23.94 | $21.42 |
| Shares outstanding | 19.8M | 17.0M | 17.0M | 17.0M | 16.9M | 17.1M | 17.2M | 17.1M | 16.9M | 16.9M | 17.0M | 17.4M |
| Current ratio | 0.29 | 0.22 | 0.29 | 0.21 | 0.18 | 0.20 | 0.18 | 0.29 | 0.25 | 0.27 | 0.15 | 0.26 |
| Quick ratio | 0.29 | 0.22 | 0.29 | 0.21 | 0.18 | 0.20 | 0.18 | 0.29 | 0.25 | 0.27 | 0.15 | 0.26 |
| Debt / equity | 0.10 | 0.12 | 0.12 | 0.13 | 0.25 | 0.25 | 0.25 | 0.25 | 0.26 | 0.27 | 0.27 | 0.33 |
| Equity / assets | 11.7% | 10.9% | 11.0% | 10.7% | 10.4% | 10.1% | 10.4% | 10.2% | 9.9% | 9.7% | 9.7% | 8.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
SPFI financial position
At the end of fiscal 2025 (December 31, 2025), South Plains Financial had total assets of $4.5 billion (up 5.9% from a year earlier), total liabilities of $4.0 billion and shareholders' equity of $493.8 million. It held $1.1 billion in cash and short-term investments against $60.5 million of debt, a net cash position of $1.1 billion. Its current ratio was 0.29. In the latest quarter (ended June 30, 2026) total assets were $5.4 billion and equity $629.8 million.
Related: SPFI income statement, SPFI cash flow statement, SPFI key metrics. See the SPFI stock overview for the latest quote and news.
SPFI balance sheet FAQ
What are South Plains Financial's total assets?
South Plains Financial reported total assets of $4.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.2 billion a year earlier.
How much debt does South Plains Financial have?
South Plains Financial had $60.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.12.
How much cash does South Plains Financial have?
South Plains Financial held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $60.5 million of debt that is net cash of $1.1 billion.
What is South Plains Financial's book value?
South Plains Financial's shareholders' equity (book value) was $493.8 million at the end of fiscal 2025, or $29.06 per share.
What is South Plains Financial's current ratio?
South Plains Financial had current assets of $1.1 billion and current liabilities of $3.9 billion, a current ratio of 0.29 (current liabilities exceed current assets).
How much goodwill does South Plains Financial have?
South Plains Financial carried $44.5 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.