Filing Flows › Financials › South Plains Financial (SPFI)
South Plains Financial (SPFI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · South Plains Financial (SPFI) Q3 2026 earnings results →
Q3 2026 Revenue up 20% year over year to $65.3M · 32¢ of every $1 of revenue kept as net profit · operating margin 40.4%
South Plains Financial made $65.3M in Q3 2026 (+20% Y/Y): Net interest income $51.5M, Noninterest income $13.8M. Operating margin 40.4%, net earnings $20.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $65.3M in Q3 2026, up 20% year over year and up 1% from the previous quarter. Net interest income was the largest line at 79% of revenue. Net interest income added $8.4M year over year (up 20%), 76% of the total change.
Operating profit was $26.4M, a 40.4% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 38% margin then. Total costs grew 16% against revenue growth of 20%. The fastest-growing cost line was Credit loss provision (+66%). Net earnings were $20.8M, up 27% year over year. The effective tax rate was 21.2%.
Operating cash flow was $30.9M (up 28% year over year), 149% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $763K of share-based compensation. Working capital and other items added $7.7M. Capital expenditures of $436K left free cash flow of $30.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $65.3M | +20% | 40.4% | $20.8M | $30.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About South Plains Financial
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.
In its own words, from its 8-K, filed Jul 17, 2026.
South Plains Financial against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +12%. Operating margin: 40.4% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SPFI South Plains Financial | Q3 2026 | $65.3M | +20% | 40.4% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: South Plains Financial 10-Q on SEC EDGAR · CIK 1163668 · State Commercial Banks
13F: who owns SPFI and who is buying
More on SPFI
History
Every quarter: Q3 2026 results