SPFISOUTH PLAINS FINANCIAL, INC.
State Commercial Banks · $829M market cap · 545 employees
1.1×
About as likely as average to be taken private
Top 15% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
3of 15 firedHow well they predict deals →
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Buyout-sizedYes$829M market capMarket cap $500M–$5B
- Net insider sellingYes−$13M netNet sales over $10M in 12 months
12 other checks
- TSR below peersNo1 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$2M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo133% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Net cashNo—More cash than debt, positive EBITDA
- Recurring revenueNo4 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo1 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Dec 1, 2025 | 8-K | South Plains Financial, Inc. | — | — |
Key numbers
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Net debt / EBITDA
- —
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $59M | $58M | $63M | $50M | $58M | 18% |
| Operating cash flow | $96M | $124M | $59M | $59M | $77M | 30% |
| Capex | $3M | $4M | $5M | $3M | $6M | 69% |
| Stock-based comp | $2M | $3M | $2M | $2M | $3M | 13% |
| Buybacks | $9M | $23M | $18M | $1M | $9M | 536% |
| Dividends | $5M | $8M | $9M | $9M | $10M | 10% |
13D filers
None on file.
Insider trading
−$13Mnet selling by insiders, open market, last 12 months
Bought $0 · 1 tradeSold $13M · 8 trades
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $2M | 150 | 156 |
| FY2024 | $2M | $2M | 132 | 121 |
| FY2023 | $2M | $2M | 108 | 90 |
| FY2022 | $2M | $2M | 101 | 83 |