South Plains Financial, Inc. (SPFI) Income Statement
SPFI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSPFI revenue and net income
Where SPFI's revenue goes
2025Each bar shows an amount and its share of revenue. SPFI kept 19.7% of revenue as net income.
SPFI profit margins
SPFI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +8.6% | +4.7% | — |
| Gross profit | +11.7% | −0.8% | +1.3% | — |
| Operating income | +17.0% | +0.4% | +5.5% | — |
| Net income | +17.6% | +0.1% | +5.2% | — |
| EPS (diluted) | +17.8% | +2.1% | +6.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPFI quarterly EPS vs estimates
South Plains Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.97).
SPFI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $296.9M | $283.1M | $212.0M | $231.9M | $227.5M | $235.6M | $186.2M | $167.5M | $149.5M |
| Cost of revenue | $90.2M | $98.1M | $76.9M | $20.1M | $11.4M | $41.5M | $31.2M | $29.4M | $19.9M |
| Gross profit | $206.7M | $185.0M | $212.0M | $211.9M | $216.2M | $194.1M | $155.1M | $138.1M | $129.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $97.0M | $78.1M | $83.9M | $89.9M | $96.6M | $92.3M | $78.4M | $74.8M | $70.1M |
| Total operating expenses | $132.6M | $121.7M | $3.5M | $138.7M | $143.0M | $137.5M | $118.4M | $112.7M | $105.8M |
| Operating income | $74.1M | $63.3M | $79.4M | $73.2M | $73.1M | $56.6M | $36.7M | $25.4M | $23.7M |
| Interest income | $252.0M | $240.9M | $201.0M | $161.2M | $135.0M | $138.2M | $132.9M | $118.1M | $104.4M |
| Interest expense | $85.0M | $93.8M | $72.3M | $22.7M | $13.3M | $15.9M | $28.4M | $22.5M | $16.0M |
| Income before taxes | $74.1M | $63.3M | $79.4M | $73.2M | $73.1M | $56.6M | $36.7M | $25.4M | $23.7M |
| Income taxes | $15.6M | $13.6M | $16.7M | $14.9M | $14.5M | $11.2M | $7.5M | −$3.9M | $107,000 |
| Net income | $58.5M | $49.7M | $62.7M | $58.2M | $58.6M | $45.4M | $29.2M | $29.3M | $23.6M |
| EBITDA | $79.9M | $69.8M | $79.4M | $80.1M | $79.6M | $63.2M | $41.9M | $30.6M | $29.0M |
| EPS (diluted) | $3.44 | $2.92 | $2.45 | $3.23 | $3.17 | $2.48 | $1.69 | $0.42 | $1.58 |
| Gross margin | 69.6% | 65.3% | 100.0% | 91.3% | 95.0% | 82.4% | 83.3% | 82.5% | 86.7% |
| Operating margin | 24.9% | 22.4% | 37.5% | 31.5% | 32.1% | 24.0% | 19.7% | 15.2% | 15.9% |
| Net margin | 19.7% | 17.6% | 29.6% | 25.1% | 25.8% | 19.3% | 15.7% | 17.5% | 15.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.8M | $73.9M | $74.4M | $74.0M | $76.3M | $69.1M | $73.2M | $70.8M | $70.4M | $68.7M | $64.9M | $67.1M |
| Cost of revenue | $20.5M | $20.0M | $22.2M | $22.0M | $24.1M | $21.8M | $24.0M | $24.8M | $25.1M | $24.2M | $22.7M | $20.1M |
| Gross profit | $60.3M | $53.9M | $52.1M | $52.0M | $52.2M | $47.3M | $49.2M | $45.9M | $45.3M | $44.5M | $42.3M | $46.9M |
| Sales, general & admin | $24.5M | $24.1M | $23.6M | $20.4M | $20.6M | $20.3M | $18.5M | $19.8M | $20.1M | $19.7M | $18.9M | $19.6M |
| Total operating expenses | $36.0M | $35.5M | $33.0M | $31.4M | $33.5M | $31.6M | $28.5M | $31.6M | $31.1M | $30.5M | $29.2M | $29.7M |
| Operating income | $24.3M | $18.4M | $19.1M | $20.7M | $18.6M | $15.7M | $20.7M | $14.3M | $14.2M | $14.0M | $13.1M | $17.2M |
| Interest income | $75.0M | $62.6M | $63.4M | $64.5M | $64.1M | $59.9M | $61.3M | $61.6M | $59.2M | $58.7M | $57.2M | $56.5M |
| Interest expense | $24.7M | $19.8M | $20.5M | $21.5M | $21.6M | $21.4M | $22.8M | $24.3M | $23.3M | $23.4M | $22.1M | $20.8M |
| Income before taxes | $24.3M | $18.4M | $19.1M | $20.7M | $18.6M | $15.7M | $20.7M | $14.3M | $14.2M | $14.0M | $13.1M | $17.2M |
| Income taxes | $5.3M | $3.8M | $3.8M | $4.3M | $4.0M | $3.4M | $4.2M | $3.1M | $3.1M | $3.1M | $2.8M | $3.7M |
| Net income | $19.0M | $14.5M | $15.3M | $16.3M | $14.6M | $12.3M | $16.5M | $11.2M | $11.1M | $10.9M | $10.3M | $13.5M |
| EBITDA | $27.4M | $19.9M | $20.5M | $22.1M | $20.1M | $17.2M | $22.3M | $16.0M | $15.9M | $15.6M | $14.7M | $18.7M |
| EPS (diluted) | $0.96 | $0.85 | $0.90 | $0.96 | $0.86 | $0.72 | $0.96 | $0.66 | $0.66 | $0.64 | $0.61 | $0.76 |
| Gross margin | 74.6% | 72.9% | 70.1% | 70.3% | 68.4% | 68.4% | 67.2% | 64.9% | 64.4% | 64.8% | 65.1% | 70.0% |
| Operating margin | 30.1% | 24.8% | 25.7% | 27.9% | 24.4% | 22.7% | 28.3% | 20.2% | 20.2% | 20.4% | 20.2% | 25.6% |
| Net margin | 23.5% | 19.7% | 20.5% | 22.0% | 19.1% | 17.8% | 22.5% | 15.8% | 15.8% | 15.8% | 15.9% | 20.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SPFI's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPFI financial results
In fiscal year 2025 (ended December 31, 2025), South Plains Financial reported revenue of $296.9 million, up 4.9% from the year before. It had net income of $58.5 million (up 17.6%), a net profit margin of 19.7%. Diluted earnings per share came to $3.44. Over five years revenue grew at an average rate of 4.7% a year.
See the SPFI stock overview for the latest quote and news, or the SPFI chart for price history and technical indicators.
SPFI income statement FAQ
What is South Plains Financial's annual revenue?
South Plains Financial reported total revenue of $296.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.9% from $283.1 million the previous year.
Is South Plains Financial profitable?
Yes. South Plains Financial reported net income of $58.5 million in fiscal 2025, a net profit margin of 19.7%; its operating margin was 24.9%.
What is South Plains Financial's gross margin?
South Plains Financial's gross margin was 69.6% in fiscal 2025: for every $100 of revenue, South Plains Financial kept $70 after the direct cost of its products and services.
How fast is South Plains Financial growing?
Revenue grew 4.7% a year on average over the last five fiscal years, from $235.6 million to $296.9 million.
What are South Plains Financial's earnings per share?
South Plains Financial earned $3.44 per diluted share in fiscal 2025, compared with $2.92 a year earlier.
When will South Plains Financial report its next earnings?
South Plains Financial is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does South Plains Financial's fiscal year end?
South Plains Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.