South Plains Financial's Total Assets for the quarter that ended in Mar. 2024 was $4,219.0 Mil.
Warning Sign:
If a company builds assets at 8.7% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, South Plains Financial's average Total Assets Growth Rate was 7.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.70% per year.
During the past 7 years, South Plains Financial's highest 3-Year average Total Assets Growth Rate was 9.20%. The lowest was 6.20%. And the median was 8.15%.
* 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
South Plains Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
South Plains Financial (NAS:SPFI) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
South Plains Financial's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
South Plains Financial Total Assets Related Terms
Thank you for viewing the detailed overview of South Plains Financial's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
South Plains Financial (South Plains Financial) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SPFI has been successfully added to your 