South Historical Income Statement
| SPFI Stock | USD 38.85 0.17 0.44% |
Historical analysis of South Plains income statement accounts such as Interest Expense of 75.9 M, Selling General Administrative of 89.1 M, Selling And Marketing Expenses of 3.5 M or Total Revenue of 205.4 M can show how well South Plains Financial performed in making a profits. Evaluating South Plains income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of South Plains's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining South Plains Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether South Plains Financial is a good buy for the upcoming year.
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About South Income Statement Analysis
South Plains Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to South Plains shareholders. The income statement also shows South investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
South Plains Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts South Plains Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of South Plains Financial minus its cost of goods sold. It is profit before South Plains operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from South Plains' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into South Plains Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in South Plains Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. As of now, South Plains' Total Operating Expenses is increasing as compared to previous years. The South Plains' current Total Other Income Expense Net is estimated to increase to about 83.4 M, while Tax Provision is projected to decrease to under 9.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 135.0M | 161.2M | 201.0M | 155.7M | Net Interest Income | 121.8M | 138.5M | 140.9M | 127.6M |
South Plains income statement Correlations
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South Plains Account Relationship Matchups
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South Plains income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 7.5M | 11.3M | 14.5M | 14.9M | 17.3M | 9.7M | |
| Net Interest Income | 104.6M | 122.3M | 121.8M | 138.5M | 140.9M | 127.6M | |
| Interest Income | 132.9M | 138.2M | 135.0M | 161.2M | 201.0M | 155.7M | |
| Depreciation And Amortization | 5.2M | 5.2M | 6.5M | 5.1M | (79.4M) | (75.4M) | |
| Interest Expense | 28.4M | 15.9M | 13.3M | 22.7M | 72.3M | 75.9M | |
| Selling General Administrative | 75.4M | 89.2M | 93.4M | 86.3M | 83.9M | 89.1M | |
| Selling And Marketing Expenses | 3.0M | 3.1M | 3.2M | 3.6M | 3.5M | 3.5M | |
| Total Revenue | 161.2M | 221.6M | 219.2M | 214.6M | 212.0M | 205.4M | |
| Gross Profit | 161.2M | 221.6M | 219.2M | 214.6M | 212.0M | 205.4M | |
| Other Operating Expenses | 124.5M | 165.0M | 146.1M | 3.6M | 3.5M | 3.3M | |
| Operating Income | 36.7M | 56.6M | 73.1M | 95.8M | 79.4M | 67.5M | |
| Net Income From Continuing Ops | 29.2M | 45.4M | 58.6M | 58.2M | 65.0M | 48.6M | |
| Ebit | 36.7M | 56.7M | 85.1M | 75.0M | 79.4M | 66.1M | |
| Ebitda | 41.9M | 63.2M | 91.6M | 80.1M | 79.4M | 71.4M | |
| Total Operating Expenses | (124.5M) | (165.0M) | (146.1M) | 3.6M | 3.5M | 3.6M | |
| Reconciled Depreciation | 5.5M | 9.7M | 6.4M | 7.0M | 6.5M | 5.7M | |
| Income Before Tax | 36.7M | 56.6M | 73.1M | 73.2M | 79.4M | 57.8M | |
| Total Other Income Expense Net | 36.7M | 56.6M | 73.1M | (22.7M) | 79.4M | 83.4M | |
| Net Income Applicable To Common Shares | 29.2M | 45.4M | 58.6M | 58.2M | 67.0M | 44.8M | |
| Net Income | 29.2M | 45.4M | 58.6M | 58.2M | 62.7M | 48.3M | |
| Income Tax Expense | 7.5M | 11.3M | 14.5M | 14.9M | 16.7M | 9.6M |
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When determining whether South Plains Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of South Plains' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of South Plains Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on South Plains Financial Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in South Plains Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of South Plains. If investors know South will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about South Plains listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 0.54 | Earnings Share 2.57 | Revenue Per Share 11.2 | Quarterly Revenue Growth (0.03) |
The market value of South Plains Financial is measured differently than its book value, which is the value of South that is recorded on the company's balance sheet. Investors also form their own opinion of South Plains' value that differs from its market value or its book value, called intrinsic value, which is South Plains' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because South Plains' market value can be influenced by many factors that don't directly affect South Plains' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between South Plains' value and its price as these two are different measures arrived at by different means. Investors typically determine if South Plains is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, South Plains' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.