South Plains Financial, Inc. (SPFI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments487300158
Cash and cash equivalents487300158
Total current assets:487300158
Noncurrent Assets
Property, plant and equipment586062
Intangible assets, net (including goodwill)252727
Goodwill202019
Intangible assets, net (excluding goodwill)689
Deferred income tax assets32 
Total noncurrent assets:869089
Other undisclosed assets3,3293,2092,990
TOTAL ASSETS:3,9023,5993,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2737
Total current liabilities: 2737
Noncurrent Liabilities
Other undisclosed liabilities3,4943,2032,894
Total liabilities:3,4943,2292,931
Stockholders' equity
Stockholders' equity attributable to parent407370306
Common stock181818
Additional paid in capital133141140
Accumulated other comprehensive income14211
Retained earnings243190147
Total stockholders' equity:407370306
TOTAL LIABILITIES AND EQUITY:3,9023,5993,237

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

12/31/2021
12/31/2020
12/31/2019
Revenues194211157
Gain on disposition of assets for financial service operations516624
Net investment income135138127
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (26)(3)
Gross profit:194185155
Operating expenses(29)(28)(27)
Other operating income, net
(Noninterest Income, Other Operating Income)
1465
Operating income:179164133
Interest and debt expense(13)(16)(28)
Other undisclosed loss from continuing operations before equity method investments, income taxes (91)(68)
Income from continuing operations before equity method investments, income taxes:1665737
Other undisclosed loss from continuing operations before income taxes(93)  
Income from continuing operations before income taxes:735737
Income tax expense(15)(11)(7)
Net income available to common stockholders, diluted:594529

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income:594529
Comprehensive income:594529
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)203
Comprehensive income, net of tax, attributable to parent:516632

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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