← SOUTH PLAINS FINANCIAL, INC.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $246.0m | $158.1m | $300.3m | $486.8m | $234.9m | $330.2m | $359.1m | $552.4m | |
| Accrued interest receivable | $13.0m | $13.9m | $15.2m | $13.9m | $16.4m | $20.9m | $21.7m | $20.9m | |
| Goodwill | $0 | $18.8m | $19.5m | $19.5m | $19.5m | $19.3m | $19.3m | $19.3m | |
| Intangible assets, net | $0 | $8.6m | $7.6m | $5.9m | $4.3m | $2.4m | $1.7m | $1.1m | |
| Other assets | $26.2m | $30.4m | $23.4m | $26.8m | $48.2m | $47.4m | $42.7m | $36.0m | |
| Cash and due from banks | $47.8m | $56.2m | $76.1m | $68.4m | $61.6m | $62.8m | $54.1m | $58.3m | |
| Interest-bearing deposits in banks | $198.2m | $101.9m | $224.2m | $418.4m | $173.3m | $267.3m | $305.0m | $494.1m | |
| Securities available for sale | $338.2m | $707.6m | $803.1m | $724.5m | $701.7m | $622.8m | $577.2m | $567.5m | |
| Loans held for sale ($7,796 and $13,791 at fair value at December 31, 2025 and 2024, respectively) | $38.4m | $49.0m | $111.5m | $76.5m | $30.4m | $14.5m | $20.5m | $10.0m | |
| Loans held for investment | $2.0b | $2.1b | $2.2b | $2.4b | $2.7b | $3.0b | $3.1b | $3.1b | |
| Allowance for credit losses on loans | — | — | ($45.6m) | ($42.1m) | ($39.3m) | ($42.4m) | ($43.2m) | ($45.1m) | |
| Loans held for investment, net | — | — | $2.2b | $2.4b | $2.7b | $3.0b | $3.0b | $3.1b | |
| Premises and equipment, net | $59.8m | $61.9m | $60.3m | $57.7m | $56.3m | $55.1m | $53.0m | $51.6m | |
| Bank-owned life insurance | $57.2m | $69.4m | $70.7m | $72.0m | $73.2m | $74.5m | $76.1m | $77.7m | |
| Mortgage servicing rights | — | $2.1m | $9.0m | $19.7m | $27.5m | $26.6m | $26.3m | $24.0m | |
| Deferred tax asset, net | — | $5.6m | $2.5m | $3.0m | $22.8m | $19.4m | $22.8m | $20.4m | |
| Noninterest-bearing | $510.1m | $790.9m | $917.3m | $1.1b | $1.2b | $974.2m | $935.5m | $1.0b | |
| Interest-bearing | $1.8b | $1.9b | $2.1b | $2.3b | $2.3b | $2.7b | $2.7b | $2.9b | |
| Subordinated debt | $34.0m | $26.5m | $75.6m | $75.8m | $76.0m | $63.8m | $64.0m | $14.1m | |
| Junior subordinated deferrable interest debentures | $46.4m | $46.4m | $46.4m | $46.4m | $46.4m | $46.4m | $46.4m | $46.4m | |
| Total deposits | $2.3b | $2.7b | $3.0b | $3.3b | $3.4b | $3.6b | $3.6b | $3.9b | |
| Total stockholders’ equity | $154.6m | $306.2m | $370.0m | $407.4m | $357.0m | $407.1m | $438.9m | $493.8m | |
| Total assets | $2.7b | $3.2b | $3.6b | $3.9b | $3.9b | $4.2b | $4.2b | $4.5b | |
| Total liabilities and stockholders’ equity | $2.7b | $3.2b | $3.6b | $3.9b | $3.9b | $4.2b | $4.2b | $4.5b | |
| Accrued expenses and other liabilities | $29.4m | $29.1m | $31.2m | $31.0m | $58.3m | $61.4m | $62.1m | $52.1m | |
| Total liabilities | $2.5b | $2.9b | $3.2b | $3.5b | $3.6b | $3.8b | $3.8b | $4.0b | |
| Common stock, $1.00 par value per share, 30,000,000 shares authorized; 16,293,577 and 16,455,826 issued and outstanding at December 31, 2025 and 2024, respectively | 14.8m | 18.0m | 18.1m | 17.8m | 17.0m | 16.4m | 16.5m | 16.3m | |
| Additional paid-in capital | $80.4m | $140.5m | $141.1m | $133.2m | $112.8m | $97.1m | $97.3m | $91.1m | |
| Retained earnings | $119.8m | $146.7m | $189.5m | $242.8m | $292.3m | $345.3m | $385.8m | $434.2m | |
| Accumulated other comprehensive loss | ($2.2m) | $958k | $21.3m | $13.7m | ($65.1m) | ($51.7m) | ($60.6m) | ($47.7m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.