SPFI (South Plains Financial) Credit Losses Provision : $3.9 Mil (As of Mar. 2025)

View and export this data going back to 2019. Start your Free Trial

What is South Plains Financial Credit Losses Provision?

South Plains Financial's credit losses provision for the three months ended in Mar. 2025 was $0.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was $3.9 Mil.

South Plains Financial's quarterly credit losses provision increased from Sep. 2024 ($0.5 Mil) to Dec. 2024 ($1.2 Mil) but then declined from Dec. 2024 ($1.2 Mil) to Mar. 2025 ($0.4 Mil).

South Plains Financial's annual credit losses provision increased from Dec. 2022 ($-2.6 Mil) to Dec. 2023 ($4.6 Mil) but then declined from Dec. 2023 ($4.6 Mil) to Dec. 2024 ($4.3 Mil).

South Plains Financial Credit Losses Provision Historical Data

The historical data trend for South Plains Financial's Credit Losses Provision can be seen below:

* 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.

* Premium members only.

South Plains Financial Credit Losses Provision Chart

South Plains Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

Get a 7-Day Free Trial

25.57

-1.92

-2.62

4.61

4.30

South Plains Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															0.83	1.78	0.50	1.20	0.42

South Plains Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.9 Mil.

South Plains Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Credit Losses Provision

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 one reportable segment: banking.

Executives

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
Richard D Campbell	director, 10 percent owner	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