SOUTH PLAINS FINANCIAL, INC. financial statements (2021 and earlier)

Company profile

Business Address 5219 CITY BANK PARKWAY
LUBBOCK, TX 79407-3544
State of Incorp. TX
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments300158
Cash and cash equivalents300158
Total current assets:300158
Noncurrent Assets
Property, plant and equipment6062
Intangible assets, net (including goodwill)2727
Goodwill2019
Intangible assets, net (excluding goodwill)89
Deferred income tax assets2 
Total noncurrent assets:9089
Other undisclosed assets3,2092,990
TOTAL ASSETS:3,5993,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2737
Total current liabilities:2737
Noncurrent Liabilities
Other undisclosed liabilities3,2032,894
Total liabilities:3,2292,931
Stockholders' equity
Stockholders' equity attributable to parent370306
Common stock1818
Additional paid in capital141140
Accumulated other comprehensive income211
Retained earnings190147
Total stockholders' equity:370306
TOTAL LIABILITIES AND EQUITY:3,5993,237

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
Revenues211157
Gain on disposition of assets for financial service operations6624
Net investment income138127
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(26)(3)
Gross profit:185155
Operating expenses(28)(27)
Other operating income, net
(Noninterest Income, Other Operating Income)
65
Operating income:164133
Interest and debt expense(16)(28)
Other undisclosed loss from continuing operations before equity method investments, income taxes(91)(68)
Income from continuing operations before income taxes:5737
Income tax expense(11)(7)
Net income available to common stockholders, diluted:4529

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
Net income:4529
Comprehensive income:4529
Other undisclosed comprehensive income, net of tax, attributable to parent203
Comprehensive income, net of tax, attributable to parent:6632

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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