SPFI
South Plains Financial, Inc.
SPFI's fundamentals are mixed, but it looks expensive: trading at 11x earnings, above its usual 8.5x. Analysts expect earnings growth.
SPFI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
SPFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SPFI.
SPFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $27.16 | -37% |
| Fair | 8.5x | $31.98 | -25% |
| Forward | 10x | $42.80 | — |
| Current | 11x | $42.80 | — |
| Expensive | 12x | $45.37 | +6% |
Historical ranges are pointers, not guarantees.
SPFI's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its fair range.
SPFI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SPFI, with profitability holding steady.
SPFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.08 | +8.2% |
| Q3 2026 | $3.77 | +7.7% |
| Q2 2026 | $3.67 | +15% |
| Q1 2026 | $3.57 | +19% |
| Q4 2025 | $3.44 | +18% |
| Q3 2025 | $3.50 | +37% |
| Q2 2025 | $3.20 | +19% |
| Q1 2025 | $3.00 | -20% |
| Q4 2024 | $2.92 | -19% |
SPFI earned $3.77 per share over the past year, up 7.7% from the year before.
SPFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $65.3M | +20% |
| Q2 2026 | $64.5M | +18% |
| Q1 2026 | $54.1M | +10% |
| Q4 2025 | $53.9M | +3.9% |
| Q3 2025 | $54.2M | +13% |
| Q2 2025 | $54.7M | +12% |
| Q1 2025 | $49.2M | +5.1% |
| Q4 2024 | $51.9M | +17% |
SPFI's revenue has grown year over year for eight quarters in a row: $65M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +2.3 points |
| Q2 2026 | 38% | +3.6 points |
| Q1 2026 | 34% | +2 points |
| Q4 2025 | 35% | -4.5 points |
| Q3 2025 | 38% | +8.3 points |
| Q2 2025 | 34% | +4.8 points |
| Q1 2025 | 32% | +2 points |
| Q4 2024 | 40% | +10 points |
SPFI's operating margin was 40% last quarter, up 2.3 points from the same quarter a year ago, near the top of its range since 2019.
SPFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.5M | +36% |
| Q2 2026 | $26.8M | +106% |
| Q1 2026 | $14.8M | -41% |
| Q4 2025 | $11.4M | +262% |
| Q3 2025 | $22.5M | +31% |
| Q2 2025 | $13M | -24% |
| Q1 2025 | $25M | +34% |
| Q4 2024 | $3.1M | -52% |
SPFI's free cash flow was $84M over the past year, up 31% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SPFI.
SPFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -208K shares |
| 1 year | +15% | +2.6M shares |
| 3 years | +13% | +2.2M shares |
| 5 years | +6.2% | +1.1M shares |
| Available history | +15% | +2.6M shares |
SPFI has 20M diluted shares, up 15% from a year ago, despite $13M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $12.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $276,000 |
| Q1 2025 | $8.3M |
| Q4 2024 | — |
SPFI spent $13M buying back its own shares over the past year, up 51% from the year before.
SPFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -8.1x | Net Cash |
| Q2 2026 | -8.7x | Net Cash |
| Q1 2026 | -8.6x | Net Cash |
| Q4 2025 | -6.7x | Net Cash |
| Q3 2025 | -7.6x | Net Cash |
| Q2 2025 | -5.4x | Net Cash |
| Q1 2025 | -6.6x | Net Cash |
| Q4 2024 | -4.2x | Net Cash |
SPFI has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SPFI.
SPFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 45.1 | Neutral |
SPFI's weekly RSI is 49 (neutral) and its Stochastic is 45 (neutral).
SPFI PE vs Financial Services Sector
| Metric | SPFI | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 71 | 63 | 8 pts above |
SPFI is trading at 11x earnings, a 13% discount to the Financial Services sector's median of 13x.
SPFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.0 | 0.5% below |
| 20 week MA | $43.9 | 2.4% below |
| 50 week MA | $42.3 | 1.2% above |
| 100 week MA | $39.3 | 9% above |
| 200 week MA | $33.5 | 28% above |
SPFI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 28% above its 200-week average.
SPFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $18.9 | -9.8% |
| 2021 | $18.9 | $26.9 | +42% |
| 2022 | $26.9 | $28.3 | +5.1% |
| 2023 | $28.3 | $29.0 | +2.5% |
| 2024 | $29.0 | $35.0 | +21% |
| 2025 | $35.0 | $39.6 | +13% |
| 2026 YTD | $39.6 | $42.8 | +8.2% |
SPFI has finished higher in five of the last six years. It's up 8.2% so far in 2026.