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Data-driven stock valuation

South Plains Financial Inc (SPFI) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of South Plains Financial Inc stock $22.95, price $42.45, that is 45.9% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

SP South Plains Financial Inc logo Broad data Nov 6, 2026

South Plains Financial Inc

SPFI · US
Very expensive, weak quality

Our calculation puts a fair price 46% below what the stock costs today.

Healthy Growth (revenue 5y +4.7 %/yr in USD)
Highly profitable · 29.7% net margin (TTM)
1.6% dividend yield · Low payout
Broad data
Revenue last quarter +20% vs. a year ago.
Quality 46/100
Wide moat 68/100 · thin data
Insiders bought $0 (6M) · sold $14.7M
Fair value $22.95 · Strongly overvalued (−45.9%)
Trails peers (5/14)
⚠ Dilution
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$45.96 $18.18 Fair Value $22.95 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range $18.18 – $45.96 · fair‑value band $20.14 – $30.91 · the $42.45 price screens above the $22.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals.

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It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits.

The company also provides traditional trust products and services; debit and credit cards; retirement services and products, including real estate administration, family trust administration, revocable and irrevocable trusts, charitable trusts for individuals and corporations, self-directed individual retirement accounts, simplified employee pensions plans, employee stock ownership plans, defined benefit plans, and profit-sharing plans.

In addition, it offers investment services, such as self-directed IRAs, money market funds, mutual funds, annuities and tax-deferred annuities, stocks and bonds, investments for non-U.S. residents, treasury bills, treasury notes and bonds, and tax-exempt municipal bonds.

Further, the company provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes; and mortgage banking services.

The company was founded in 1941 and is headquartered in Lubbock, Texas.

Stock analysis

South Plains Financial Inc (SPFI) currently trades at $42.45, while our model-based Fair Value estimate is $22.95, 46% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $36.29 per share, and 0 of the 6 models we run sit above the $42.45 price.

Bear case: the Dividend Discount group reads lowest at $8.27, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: $20.14 (bear) to $30.91 (bull), the price of $42.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

South Plains Financial Inc reported revenue of $297M in FY2025 versus $228M in FY2021, a compound +6.9%/yr. Reported net income was $58.5M in FY2025, compounding −0.1%/yr from FY2021.

Key figures

Market cap $841M Small · P/E ratio 11.3 · P/S ratio 3.59 · EPS (TTM) $3.77 · Dividend yield 1.6% · Net margin 29.7% · Return on equity 12.6% · Return on assets (EBIT) 1.8% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −46%, SPFI screens richer than that median.

Fair Value models

Bear $20.14 Fair Value $22.95 Bull $30.91
Price $42.45 · Downside -45.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.64 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $23.69 $27.00 $36.37 76
Gordon GGM $4.58 $8.90 $13.14 67
DDM Multi-Stage $4.58 $7.63 $9.42 67
All 6 models by family
Dividend Discount
Gordon GGM $4.58 $8.90 $13.14 67
DDM Multi-Stage $4.58 $7.63 $9.42 67
Multiples
P/E Multiple $30.26 $40.35 $50.44 63
P/B Multiple $24.16 $32.22 $40.27 55
Asset-Based
NCAV (Graham) $11.93 $15.98 $23.85 54
Economic Profit
Residual Income $23.69 $27.00 $36.37 76

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 46/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 84
Do the profits arrive as real cash?
Financial strength 4
Debt, balance sheet and risk of trouble
Investment 74
Does it invest with discipline instead of growing at any price?
Low Volatility 91
How calm the share price moves, does not count
Price momentum 46
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 57
Distance to the 52-week high, does not count
New shares 7
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director bought shares worth $0, on May 20, 2026. Over the same period, 2 people sold shares worth $14.7M.

  • SaleRichard D CampbellDirector2× since Aug 3, 2026: 212,557 shares, avg. $44.59$9.5MNov 5, 2026
  • SaleJames D. SteinDirector3× since May 8, 2026: 130,000 shares, avg. $43.53$5.7MJul 28, 2026
  • BuyNoe G VallesDirector623 shares at ?May 20, 2026

Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)1.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 25%

SPFI screens overvalued: fair value 46% below the price. Compare with China Merchants Bank Co →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks

Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 46 · Bottom 25%
Fair Value upside −45.9% · Bottom 25%
Profitability
Return on equity (12 months) 12.6% · Above median
Return on assets 1.3% · Above median
Net margin (12 months) 29.7% · Below median
Operating margin (12 months) 40.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) 20.0% · Top 25%
Dividend yield (12 months) 1.6% · Below median
Balance sheet
Debt / equity 0.12× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 11.3× · Pricier than median
P/B 1.70× · Priciest 25%
P/S (12 months) 3.59× · Pricier than median
Price / free cash flow (fiscal year) 11.7× · Pricier than median
EV/EBITDA 10.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)51 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)32 · sector 53

VALUE 0: the price sits above our fair-value range.

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.53 ¥7.59 +37% vs SPFI
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs SPFI
BNP Paribas SA BNP €91.93 €106.01 +15% vs SPFI
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs SPFI
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs SPFI
UniCredit S.p.A UCG €76.80 €50.44 −34% vs SPFI
Mizuho Financial Group MFG $9.40 $5.90 −37% vs SPFI
DBS Group D05 69.72 SGD 40.39 SGD −42% vs SPFI
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs SPFI
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs SPFI

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South Plains Financial Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "South Plains Financial Inc Fair Value". https://www.fairvalue-calculator.com/stock/SPFI

Frequently asked questions

Is South Plains Financial Inc (SPFI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $22.95 versus a price of $42.45, about 46% lower (overvalued).
What is the fair value of SPFI?
Our model-based fair value for South Plains Financial Inc is $22.95 (as of Nov 6, 2026), built from audited fundamentals. The current price: $42.45.
What is the quality score of SPFI?
South Plains Financial Inc has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for South Plains Financial Inc (SPFI)?
Our model-based price target is the fair value of $22.95 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario $20.14, optimistic scenario $30.91. It is a calculation from audited fundamentals, not an analyst target.
What is the South Plains Financial Inc stock forecast for 2026?
Our models put fair value at $22.95, about 46% lower versus a price of $42.45 (overvalued). Cautious scenario $20.14, optimistic scenario $30.91. The calculation is refreshed regularly with new filings.
What is the revenue of South Plains Financial Inc (SPFI)?
South Plains Financial Inc reported trailing-twelve-month revenue of about $235M (latest available figure, as of Nov 6, 2026).
Does South Plains Financial Inc pay a dividend?
South Plains Financial Inc currently shows a dividend yield of 1.60% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of South Plains Financial Inc (SPFI) and when is the ex-dividend date?
South Plains Financial Inc pays a dividend of $0.68 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Nov 2, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 18.0% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of South Plains Financial Inc (SPFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For South Plains Financial Inc it is $22.95 per share (as of Nov 6, 2026), against a price of $42.45. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is South Plains Financial Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SPFI trades above its calculated fair value: price $42.45, fair value $22.95, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SPFI?
No. The price is what the market pays today ($42.45); the fair value is what the company's own numbers justify ($22.95). For South Plains Financial Inc the two are $19.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is South Plains Financial Inc worth?
The market values South Plains Financial Inc at about $841M (market capitalisation, as of Nov 6, 2026). Per share that is $42.45; our models calculate a fair value of $22.95 per share.
What do the bullish and bearish scenarios say about SPFI?
Our models span a range for South Plains Financial Inc: cautious scenario $20.14, base $22.95, optimistic $30.91 per share (as of Nov 6, 2026, price $42.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPFI?
South Plains Financial Inc trades at a price-to-earnings ratio of 11.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $22.95 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 8.8. Other multiples: P/B 1.7, P/S 3.6, EV/EBITDA 10.6.
How solid is the balance sheet of South Plains Financial Inc (SPFI)?
Balance-sheet figures for South Plains Financial Inc (as of Nov 6, 2026): return on equity 12.6%, debt of 0.12 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is SPFI from its 52-week high?
South Plains Financial Inc trades at $42.45, about 8% below its 52-week high of $45.96 and 18% above the low of $36.05 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $22.95 is for.
Which stocks are comparable to South Plains Financial Inc?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is South Plains Financial Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $42.45, calculated fair value $22.95 (−46%), Quality Score 46/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SPFI calculated?
We run South Plains Financial Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $22.95 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. South Plains Financial Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of South Plains Financial Inc (SPFI)?
The closing price on Nov 6, 2026 was $42.45. Our model-based fair value is $22.95, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with South Plains Financial Inc right now?
The price sits above even our optimistic bull case ($30.91). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of South Plains Financial Inc

How large is the market capitalisation of South Plains Financial Inc (SPFI)?
The market capitalisation of South Plains Financial Inc is $841M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of South Plains Financial Inc (SPFI)?
The price-to-sales ratio of South Plains Financial Inc is 3.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of South Plains Financial Inc (SPFI)?
Earnings per share at South Plains Financial Inc are $3.77 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of South Plains Financial Inc (SPFI)?
The dividend yield of South Plains Financial Inc is 1.6% (payout 18.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of South Plains Financial Inc (SPFI)?
The net margin of South Plains Financial Inc is 29.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of South Plains Financial Inc (SPFI)?
The return on equity (ROE) of South Plains Financial Inc is 12.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of South Plains Financial Inc (SPFI)?
On an EBIT basis the return on assets of South Plains Financial Inc is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of South Plains Financial Inc (SPFI)?
The operating margin of South Plains Financial Inc is 40.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at South Plains Financial Inc (SPFI)?
Revenue at South Plains Financial Inc is growing +20.0% versus a year earlier (3y avg +8.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at South Plains Financial Inc (SPFI)?
Earnings per share at South Plains Financial Inc are growing +10.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does South Plains Financial Inc (SPFI) generate?
The free cash flow of South Plains Financial Inc is $71.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does South Plains Financial Inc (SPFI) carry?
The net debt of South Plains Financial Inc is $2.2M (fiscal year 2025, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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