South Plains Financial, Inc. functions as the parent entity for City Bank, providing a comprehensive suite of commercial and consumer financial services ...
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Est. EPS $0.99 · Revenue $65.22M · 3 analysts
Est. EPS $0.99
Est. EPS $0.99 · Revenue $65.00M · 3 analysts
Est. EPS $3.90 · Revenue $249.38M · 3 analysts
$0.66 per share
$0.66 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $296.9M | +4.9% | +9.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $58.5M | +17.6% | +30.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +69.6% | +6.5% | +2.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +24.9% | +11.6% | +21.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +19.7% | +12.1% | +19.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $71.8M | +28.2% | +81.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +24.2% | +22.2% | +65.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 12.2% | -51.3% | -19.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.29x | +64.2% | +34.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.5B | +5.9% | +16.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.44 vs 3.45 | -0.2% | 0.96 vs 0.94 | +2.1% |
| Revenue Surprise | $296.9M vs $213.4M | +39.1% | $80.8M vs $63.3M | +27.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Campbell Richard D | director | Common Stock | D | 27,286 | $45.14 |
| Aug 3, 2026 | Campbell Richard D | director | Common Stock | D | 132,714 | $44.75 |
| Jul 28, 2026 | Stein James D. | director | Common Stock | D | 70,000 | $44.36 |
| Jul 28, 2026 | Stein James D. | director | Common Stock | D | 30,000 | $44.97 |
| Jun 18, 2026 | Griffith Curtis C | director, officer: Chairman and CEO | Common Stock | D | 300,000 | $41.39 |
Operator: Good morning, ladies and gentlemen, and welcome to the South Plains Financial, Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference call is being recorded. I'd now like to turn the call over to Steve Crockett, Chief Financial Officer and Treasurer of South Plains Financial. Please go ahead. Steve Crockett: Thank you, operator, good morning, everyone. We appreciate you joining our earnings conference call. The related earnings press release and earnings slide deck presentation issued today are available on the SEC's website, as well as on the news and events section of our website, spfi.bank. Please refer to slide two of the presentation for our safe harbor statements regarding forward-looking statements. All comments expressed or implied made during today's call are made only as of today's date and are subject to the safe harbor statements in the presentation and earnings release. Please refer to slide two of the presentation for our disclaimer regarding the use of non-GAAP financial measures. A reconciliation of these measures to the most comparable GAAP financial measures can be found in our presentation and earnings release. I'm joined here today by Curtis Griffith, our Chairman and CEO, Cory Newsom, our President, and Brent Bates, City Bank's Chief Credit Officer. Curtis, let me hand it over to you. Curtis Griffith: Thank you, Steve, good morning, everyone. Before we get into the second quarter's results, I want to take a moment to touch on the leadership transition that we have been planning for many years. As we announced in June, I will retire as the company's Chief Executive Officer at the end of this year, Cory will then take over as CEO on January 1st, 2027. I will continue to serve as the company's Chairman of the Board, but in a non-executive capacity. I am so grateful to have been a part of City Bank's transformation from a small institution to one of the largest banks in West Texas, with a brand recognized across the entire state. I joined the First State Bank's board of directors in 1972 and was elected chairman in 1984 when it was a small-town institution with just $30 million in assets. At that time, we saw an opportunity to grow the bank through both organic growth and accretive acquisitions. I'm very proud to report that we now have approximately $5.4 billion in assets at the end of the second quarter. Our growth and success are an incredible accomplishment that was only made possible through the hard work and commitment of our employees. I would like to thank each and every one of them for their hard work and dedication to the bank and our customers over the years. You are the reason for our success. I am most proud of the culture that we've created, one centered on relationships and a shared commitment to helping people succeed. Our customers and the communities that we serve have always been the key to our success. We have maintained a strong brand which …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Cory T. Newsom | Executive VP, COO & Director | USD 1,584,279 | Male | 1968 | Active |
Curtis C. Griffith | Chairman & Chief Executive Officer | USD 954,090 | Male | 1953 | Active |
Steven Crockett | Chief Financial Officer & Treasurer | USD 660,976 | Male | 1972 | Active |
Kelly L. Deterding | President of Windmark Insurance & Senior Vice President of Insurance Development of City Bank | USD 642,352 | Male | 1959 | Active |
Paul A. Ehlers | Senior Vice President of City Bank & Chief Operating Officer of City Bank | USD 511,734 | Male | 1971 | Active |
Brent A. Bates | Senior Vice President of City Bank & Chief Credit Officer of City Bank | USD 489,640 | Male | 1975 | Active |
Mikella D. Newsom | Chief Risk Officer & Secretary | — | Female | 1974 | Active |
Dimensional Fund Advisors LP decreased its position in South Plains Financial, Inc. (NASDAQ: SPFI) by 3.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 435,347 shares of the company's stock after selling 16,478 shares during the period. Dimensional Fund Advisors LP owned 2.66%
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