South Plains Financial, Inc. (SPFI)
South Plains Financial, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Lubbock, TX, US. The stock last traded at $45.40, up 0.89% on the session, giving a market capitalisation of $869.2M. On trailing twelve-month figures it carries a trailing P/E of 11.88, a net margin of 21.5%. Its beta of 0.46 implies it has historically moved less than the broad market.
South Plains Financial, Inc. functions as the parent entity for City Bank, providing a comprehensive suite of commercial and consumer financial services to both individuals and small to mid-sized businesses. Its operations are structured around two core divisions: Banking and Insurance. The company offers a variety of deposit options, such as checking accounts, interest-bearing accounts, savings, and certificates of deposit (CDs). Their lending portfolio is extensive, encompassing commercial real estate, a broad spectrum of specialized commercial loans (including those for agriculture, energy, finance, investment, insurance, retail, and construction), residential construction, mortgages for 1-4 family homes, and consumer loans for vehicles or other personal needs. Additional offerings include crop insurance, trust and investment management, mortgage banking, convenient online and mobile banking platforms, and debit and credit card services. The company maintains a physical presence through 25 full-service bank branches and 15 loan production offices spread across Texas and Eastern New Mexico. Established in 1941, South Plains Financial, Inc. maintains its headquarters in Lubbock, Texas.
South Plains Financial, Inc. is most often compared with the following Financial Services names: