South Plains Financial (South Plains Financial) Scaled Net Operating Assets : -0.11 (As of Mar. 2024)

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What is South Plains Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

South Plains Financial's operating assets for the quarter that ended in Mar. 2024 was $3,247.2 Mil. South Plains Financial's operating liabilities for the quarter that ended in Mar. 2024 was $3,700.1 Mil. South Plains Financial's Total Assets for the quarter that ended in Dec. 2023 was $4,204.8 Mil. Therefore, South Plains Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.11.

South Plains Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

South Plains Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(3874.635	-	3687.511)	/	3944.063
=	0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4204.793	-	330.158
=	3874.635

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3797.679	-	110.168	-	0
=	3687.511

South Plains Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(3247.185	-	3700.067)	/	4204.793
=	-0.11

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4218.993	-	971.808
=	3247.185

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3810.281	-	110.214	-	0
=	3700.067

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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South Plains Financial (South Plains Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

4S4:Germany

Address

5219 City Bank Parkway, Lubbock, TX, USA, 79407

Website

https://www.spfi.bank

South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.

Executives

Richard D Campbell	director, 10 percent owner	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Curtis C Griffith	director, 10 percent owner, officer: Chairman & CEO	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Noe G Valles	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Newsom Cory T	director, officer: President	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Mikella D Newsom	officer: Chief Risk Officer & Secretary	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kelly L. Deterding	other: President - Windmark Insurance	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Steven B Crockett	officer: CFO and Treasurer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kyle R Wargo	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Allison Navitskas	director	511 E JOHN CARPENTER FREEWAY, IRVING TX 75062
Cynthia B Keith	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kevin R Bass	officer: Chief Credit Officer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544