SOUTH PLAINS FINANCIAL, INC.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
SPFI$43.080.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $54,302 | $43,217 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Provision for credit losses | 1,440 | 3,420 |
| Provision for foreclosed asset losses | 100 | - |
| Depreciation and amortization | 5,214 | 4,359 |
| Accretion and amortization | 1,814 | 2,195 |
| Other gains, net | (193) | (266) |
| Net gain on sales of loans | (6,848) | (7,584) |
| Proceeds from sales of loans held for sale | 201,158 | 220,546 |
| Loans originated for sale | (196,008) | (206,298) |
| Deferred income tax expense | (139) | (1,339) |
| Earnings on bank-owned life insurance | (1,428) | (1,220) |
| Stock-based compensation | 2,304 | 1,973 |
| Change in valuation of mortgage servicing rights | (2,335) | 2,666 |
| Net change in: | ||
| Accrued interest receivable and other assets | 4,787 | 5,719 |
| Accrued expenses and other liabilities | 10,801 | (2,331) |
| Net cash from operating activities | 74,969 | 65,057 |
| Cash flows from investing activities: | ||
| Activity in securities available for sale: | ||
| Purchases | (508,322) | (16,903) |
| Maturities, prepayments, and calls | 532,564 | 37,698 |
| Loan originations and principal collections, net | (58,178) | (3,089) |
| Net cash received from acquisition of BOH Holdings, Inc. | 30,823 | - |
| Purchases of premises and equipment | (2,826) | (4,615) |
| Proceeds from sales of premises and equipment | 134 | 2,240 |
| Proceeds from sales of foreclosed assets | 1,756 | 1,163 |
| Net cash from investing activities | (4,049) | 16,494 |
| Cash flows from financing activities: | ||
| Net change in deposits | 190,769 | 260,267 |
| Net change in short-term borrowings | (15,000) | - |
| Proceeds from common stock issuance | 566 | 451 |
| Payments on subordinated debt | - | (50,000) |
| Payments to tax authorities for stock-based compensation | (700) | (277) |
| Cash dividends paid on common stock | (9,417) | (7,502) |
| Payments to repurchase common stock | (12,842) | (8,526) |
| Net cash from financing activities | 153,376 | 194,413 |
| Net change in cash and cash equivalents | 224,296 | 275,964 |
| Beginning cash and cash equivalents | 552,439 | 359,082 |
| Ending cash and cash equivalents | $776,735 | $635,046 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid on deposits and borrowed funds | $68,947 | $65,965 |
| Income taxes paid | 11,647 | 11,443 |
| Supplemental schedule of noncash activities: | ||
| Loans transferred to foreclosed assets | $1,739 | $2,462 |
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