South Plains Financial Inc. Common Stock (SPFI)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at a small regional bank like South Plains through the lens of durable earnings power and the price paid for book value. It is a 545-employee holding company for City Bank, serving small and midsized businesses and individuals, a sensible niche but one with modest switching costs and no obvious wide moat. The filed numbers show fiscal Q2 2026, the quarter ended 2026-06-30, net income of $19.0M and diluted EPS of $0.96, up from fiscal Q2 2025 net income of $14.6M and diluted EPS of $0.86. Fiscal Q1 2026 added $14.5M of net income and $0.85 of diluted EPS. For the full years, FY2025 net income was $58.5M with diluted EPS of $3.44, improving on FY2024's $49.7M and $2.92, but still below FY2023's $62.7M and $3.62. That is not the steady upward staircase I prefer. FairStock's calculations at the 2026-10-13 close show a P/E of 11.64, P/B of 1.28, ROE of 12.02%, PEG of 0.39, dividend yield of 1.69%, beta of 0.49, Piotroski F-Score of 6/9, and a FairStock Score of 49/100. The Lynch category is Slow Grower, with profit growth of 5.2% a year over five years. A 12% ROE and 1.28 times book are not demanding, but not a Graham bargain either. Critically, CET1, net interest margin, loan-loss reserves, charge-offs, and combined ratio are not in the data, and D/E is N/A, so I cannot judge leverage or credit underwriting. Without that, I call it a fair-to-modestly-priced regional bank, not a sure thing.

In plain English: South Plains Financial is the parent company of City Bank, offering loans, deposits, trust services and cards to small and mid-sized businesses and individuals. The business looks reasonably profitable, but its recent yearly profits have bounced around, and the latest quarters show improvement. At the current price, the shares look neither clearly cheap nor expensive compared with the company's profits and net worth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer