Filing Flows › South Plains Financial (SPFI) › Q3 2026
South Plains Financial (SPFI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
South Plains Financial (SPFI) reported revenue of $65.3M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +1% from the quarter before. Operating margin was 40.4%, net earnings $20.8M (31.8% of revenue).
South Plains Financial, Q3 2026: revenue $65.3M (+20% year over year), operating margin 40.4%, net earnings $20.8M, operating cash flow $30.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.3M | +1% | +20% |
| Operating profit | $26.4M | +9% | +28% |
| Net earnings | $20.8M | +9% | +27% |
| Operating cash flow | $30.9M | +11% | +28% |
| Free cash flow | $30.5M | +14% | +36% |
What changed
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.
Questions
What was South Plains Financial's revenue in the third quarter 2026?
South Plains Financial (SPFI) reported revenue of $65.3M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +1% from the quarter before.
Was South Plains Financial profitable in the third quarter 2026?
Operating profit was $26.4M (40.4% of revenue) and net earnings $20.8M.