How profitable is South Plains Financial Inc. (SPFI)?

In FY 2025 (10-K), SPFI converted $1.9B of revenue into a 52% gross margin, 0% operating margin, and $71.8M in free cash flow (3.8% FCF margin).

Stock Ratings / Financials / SPFI / financials

SMBK (61) ALRS (63) RCBC (61) IBCP (70) ⌘ Pro Terminal →

South Plains Financial Inc. (SPFI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$44.36 +1.23% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $44.37

South Plains Financial Inc. (SPFI) carries a Roarable Rating of C+ (Hold) with 69/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 69/100 (C+) historically posted market-perform odds over rolling 90-day windows (+2.0% avg 90D alpha vs SPY) →

ROARABLE C+ • HOLD / WATCH Cap $829.1M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on SPFI Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is SPFI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, South Plains Financial Inc. (NASDAQ: SPFI) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 69/100 at a spot price of $44.36 (+1.23% 1D, market cap $829.1M). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, SPFI ranks #139 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does SPFI compare to SMBK and ALRS in the Financials sector?

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Within the Financials sector (Major Banks), SPFI carries a Roarable C+ (69/100 RQD), trailing P/E of 14.2x, gross margin of —, and ROIC of 11.8%. By comparison, SMBK (SmartFinancial Inc.) holds a C- grade (61/100 RQD, P/E 16.7x, ROIC 9.1%, cap $828.8M) and ALRS (Alerus Financial Corporation) posts a C grade (63/100 RQD, P/E 47.2x, ROIC 3.1%, cap $826.8M). Among the 5-stock peer group, IBCP leads on earnings multiple (12.0x) while IBCP leads on capital efficiency (13.6% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for SPFI?

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Per SPFI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001163668), South Plains Financial Inc. generated $1.88B in revenue (+5.9% YoY), $58.5M in net income, and $71.8M in free cash flow against $4.48B in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $44.37 (+0.03%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 3.8% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 69/100 (C+) historically posted market-perform odds over rolling 90-day windows (+2.0% avg 90D alpha vs SPY • 57.3% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for SPFI)Realized 20D OHLCV Swing Band: ±4.5%

Deterministic 5-Pillar Attribution (69/100 Composite)

🔍 WHY SPFI SCORES 69/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (23% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+15/20 pts (22% of score)

SEC XBRL FY 2025 (10-K): 3.8% FCF Margin ($71.8M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning12/20 pts (-8 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-8 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$42.72+2.5% Next Q

Q2 (-2Q)

Grade C+$43.78+0% Next Q

Q3 (-1Q)

Grade B-$43.76+1.4% Next Q

Current

Grade C+$44.36+2% Hist 90D α

Trajectory: C (61) → C+ (69)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the SPFI Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 69/100 (C+) score, SPFI faces multiple-compression risk if 14.2x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($43.56) or 200D SMA ($42.64) invalidates the momentum regime and cuts Target Base ($46.56) toward Bear Floor ($36.32).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $SPFI• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “SPFI Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 69%NO 31%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How SPFI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$71.8M (3.8% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $282.4M

FY24

Rev $1.78B

FY25

Rev $1.88B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$1.88B	52%	0%	$58.5M	$71.8M	11.8%
FY 2024	$1.78B	52%	0%	$49.7M	$56.0M	11.8%
FY 2023	$282.4M	46.7%	0%	$62.7M	$58.5M	11.8%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring SPFI)

✓Walkthrough of SPFI's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

SPFI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +11.07%📐 HORIZONTAL RANGE

2026-11-03O $44.19H $44.36L $44.01C $44.36VOL 88.4K

RES: $45.23SUP: $40.51SMA50: $43.56SMA200: $42.64

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

SPFI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 SPFI Butterfly Map → + Track SPFI →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

6.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on SPFI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for SPFI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for SPFI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (SPFI)

Financials Rank #139 of 1096 ⚔️ SMBK vs SPFI Full Matrix →

1. Head-to-Head Financials Peer Comparison (SPFI vs. SMBK, ALRS, RCBC, IBCP)

Industry: Major Banks (248 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, South Plains Financial Inc. (SPFI) ranks #139 by composite RQD confidence (69/100, grade C+) and #586 by equity capitalization ($829.1M). Within this direct 5-issuer industry benchmark cohort, IBCP leads on earnings valuation at 12.0x trailing P/E, while IBCP leads on capital efficiency and profitability with 13.6% ROIC and — gross margin. IBCP currently holds the highest overall quantitative score in the immediate peer group at 70/100 (B-) compared with SPFI at 69/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
SPFI ACTIVE South Plains Financial Inc.	C+	69/100	14.2x	—	11.8%	+1.23%	$829.1M	Benchmark Subject
SMBK SmartFinancial Inc.	C-	61/100	16.7x	—	9.1%	+1.77%	$828.8M	/smbk-vs-spfi →
ALRS Alerus Financial Corporation	C	63/100	47.2x	—	3.1%	+4.40%	$826.8M	/alrs-vs-spfi →
RCBC River City Bank	C-	61/100	—	—	—	+0.97%	$823.4M	/rcbc-vs-spfi →
IBCP Independent Bank Corporation	B-	70/100	12.0x	—	13.6%	+2.13%	$807.5M	/ibcp-vs-spfi →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001163668

In its most recent audited fiscal period (FY2025, filed 2025-12-31), South Plains Financial Inc. (SPFI) reported GAAP revenue of $1.88B (+5.9% vs. FY2024 revenue of $1.78B , and +566.5% cumulative change since FY2023) , GAAP net income of $58.5M, operating cash flow of $77.5M, and free cash flow of $71.8M (+28.2% YoY). On the balance sheet, SPFI closed FY2025 with $4.48B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.88B	$58.5M	$77.5M	$71.8M	$4.48B	—
FY2024 (FY)	2024-12-31	$1.78B	$49.7M	$59.4M	$56.0M	$4.23B	—
FY2023 (FY)	2023-12-31	$282.4M	$62.7M	$58.5M	$58.5M	—	—

3. SPFI Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is SPFI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does SPFI compare to SMBK and ALRS in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for SPFI?

Where is SPFI trading relative to its 50-day, 200-day, and 52-week technical levels?

SPFI last traded at $44.36 (+1.23% on volume of 149,521 shares), positioning the stock +1.84% above its 50-day simple moving average ($43.56) and +4.03% above its 200-day simple moving average ($42.64). Across its 52-week range of $35.70 to $46.94, SPFI sits at the 77.0% percentile with a 14-day RSI of 55.3 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.5% ($42.36 to $46.36).

Direct Sub-Reports: SPFI RQD Cockpit SPFI 12M Forecast SPFI Earnings & Move SPFI Dividends & DRIP SPFI Insiders & 13F SPFI Whale Options SPFI Profit Sankey SPFI News & Why

ROARABLE RATING BRIEF • RQD 69/100 (C+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

SPFI — South Plains Financial Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:32:30Z

1. Roarable Rating Brief: What This Means to a Prospective Investor

SPFI scores 70 out of 100, grade B-, labeled "Roarable Buy — Sound Institutional Accumulation." The five pillars are: Fundamental Cash Engine at 15 of 20 (ROIC 11.8%; FCF yield 8.63%); Whale 13F Flow at 13 of 20 (institutional accumulation and options positioning); Insider Conviction at 16 of 20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 13 of 20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet at 13 of 20 (Altman Z 2.5; Piotroski F 5/9; Debt/Equity 0.5). For a prospective investor, the strongest pillar is insider conviction, the weakest relative to maximum are the 13-point pillars, and the cash-return profile is supported by the stated FCF yield. Upside drivers implied by the rating are the insider and institutional activity signals and the cash-return metrics. Valuation tradeoffs include a trailing P/E of 14.2 against a forward P/E of 13.2, which implies the market expects earnings to rise, and a stock trading near the upper part of its 52-week range. The rating is an analytical summary of source data, not personalized advice.

2. Business Model, Unit Margins & SEC Financial Trajectory

South Plains Financial Inc. (SPFI) is a NASDAQ-listed issuer classified in the Financials sector and Major Banks industry. — for product lines, customer base, or revenue model detail. The profile describes the company only at the level of sector, industry, exchange, and market capitalization.

Net income moved from $62.7M in FY 2023 to $49.7M in FY 2024 and then to $58.5M in FY 2025, and FCF moved from $58.5M to $56.0M to $71.8M over the same periods. ROIC is 11.8% per market data. The Altman Z-Score is 2.5 and the Piotroski F-Score is 5/9, forensic pillar, with Debt/Equity of 0.5. Cash rose from $359.1M to $552.4M across FY 2024 and FY 2025.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case: Insider conviction scores 16 of 20 on SEC Form 4 and Congressional PTR cluster flow, alongside a 1.21% dividend yield and an 8.63% FCF yield. With Fundamental Cash Engine at 15/20 (ROIC 11.8%, FCF yield 8.63%) and Institutional Whale Flow at 12/20, sustained execution supports upside toward the top of the $35.70 – $46.94 52-week range.
🐻 Primary Bear Case: Revenue and operating income are reported as $0.0M in every period while margins show 0%, leaving the cash-generation case unverified by the income statement. Investors must weigh 14.2x trailing P/E against — operating margins and a 1.00 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The butterfly supply-chain graph lists supply chain as NONE, with no upstream or downstream links and no sector correlation links. Investors should note that no source data quantifies sector correlations or second-order bottlenecks for this issuer.

Key Question #1: What are the revenue and operating income figures, since the financials show — for both across all periods?
Key Question #2: Why do gross, operating, and net margin fields show 0%, and what are the actual margins?
Key Question #3: What do the underlying insider Form 4 and Congressional PTR trades consist of, and who are the buyers and sellers?

SPFI Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for South Plains Financial Inc. (SPFI) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to SPFI Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 20h ago

South Plains Financial (SPFI) Stock Price Dips After Solid Q3 Earnings

Yahoo Finance report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Globe and Mail • 23h ago

South Plains Financial Reports Strong Q3 2026 Results

The Globe and Mail report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

What South Plains Financial (SPFI) Said on Its Q3 Earnings Call

Yahoo Finance report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 1d ago

South Plains Financial, Inc. 2026 Q3 - Results - Earnings Call Presentation (NASDAQ:SPFI) 2026-10-23

Seeking Alpha report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Stock Titan • 1d ago

Shareholders on record Nov. 2 will get 19 cents per share on Nov. 16 after a 6% increase.

Stock Titan report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE marketscreener.com • 1d ago

Earnings Flash (SPFI) South Plains Financial, Inc. Reports Q3 Revenue $65.3M, vs. FactSet Est of $65.2M

marketscreener.com report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

South Plains Financial (NASDAQ:SPFI) Posts Earnings Results

MarketBeat report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

South Plains Financial (SPFI) Q3 Earnings Keep Profitability Firm Despite Funding Scrutiny

Simply Wall St report covering South Plains Financial Inc. (SPFI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

SPFI Bull vs. Bear Conversation Board — What's Your Call at $44.36?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON SPFI 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull Growth & Tech Investor 🐂 BULLISH 🎯 Target: $57.65 (+31.0%)

📌 Pinned Debate

Insider conviction scores 16 of 20 on SEC Form 4 and Congressional PTR cluster flow, alongside a 1.21% dividend yield and an 8.63% FCF

Don't sleep on SPFI's setup in Financials. Insider conviction scores 16 of 20 on SEC Form 4 and Congressional PTR cluster flow, alongside a 1.21% dividend yield and an 8.63% FCF yield.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (69/100) backs up the fundamental quality.

SectorRotator 🐂 BULL

@ForensicBear Fair point on 14.2x trailing P/E, but you're ignoring the forward operating leverage in Major Banks. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

FO ForensicBear 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $35.65 (-19.0%)

Spot @ $44.01

Revenue and operating income are reported as $0.0M in every period while margins show 0%, leaving the cash-generation case unverified b

Sitting on the sidelines or leaning short SPFI above $44.01. Revenue and operating income are reported as $0.0M in every period while margins show 0%, leaving the cash-generation case unverified by the income statement.. Until Fundamental Cash Engine (15/20) and FCF yield (8.63%) inflect higher, upside is capped near $46.94.