South Plains Financial, Inc. Financial Ratios — SPFI Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	21.67	19.52	24.36	25.04	20.44	18.7	13.02	13.71
Return on Assets (%)	- -	1.11	0.98	1.33	1.56	1.48	1.54	1.18	1.34
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.96	3.58	3.31	2.99	3	3.33	3.64	3.44	2.83
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	17.78	17.51	23.25	25.77	34.13	34.96	45.06	33.44	35.99
Profit Margin (%)	17.7	20.2	18.51	20.65	27.36	27.83	35.6	26.26	28.41
Net Income to Common Margin (%)	17.7	20.2	18.51	20.65	27.36	27.83	35.6	26.26	28.41
Effective Tax Rate (%)	0.45	- -	20.38	19.88	19.84	20.38	20.99	21.45	21.06
Dvd Payout Ratio (%)	33.31	102.58	3.69	5.57	9.19	13.76	13.94	18.41	17.28
Sustainable Growth Rate (%)	- -	-0.56	18.8	23	22.74	17.63	16.1	10.62	11.34

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	162	175	188	197	122	122	110	110	60
ST Debt	- -	- -	20	- -	- -	- -	- -	- -	- -
LT Debt	162	175	168	197	122	122	110	110	60
Total Debt/EBITDA	30.71	33.83	35.96	29.96	18.98	17.57	17.18	16.95	10.4
Net Debt/EBITDA	-25.03	-13.62	5.7	-15.71	-56.66	-16.16	-34.31	-38.21	-84.61
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.27	4.96	5.09	5.77	6.68	7.84	8.6	9.51	10.05
Long-Term Debt/Equity (%)	102.58	113.47	54.83	53.23	29.99	34.27	27.06	25.14	12.25
Long-Term Debt/Capital (%)	54.45	56.58	47.61	48.69	31.92	28.35	23.35	21.53	11.84
Long-Term Debt/Total Assets (%)	6.31	6.47	5.19	5.47	3.13	3.1	2.62	2.61	1.35
Total Debt/Equity (%)	102.58	113.47	61.36	53.23	29.99	34.27	27.06	25.14	12.25
Total Debt/Capital (%)	54.45	56.58	53.28	48.69	31.92	28.35	23.35	21.53	11.84
Total Debt/Total Assets (%)	6.31	6.47	5.8	5.47	3.13	3.1	2.62	2.61	1.35
Net Debt to Equity	-83.61	-45.67	9.72	-27.92	-89.5	-31.52	-54.04	-56.66	-99.62
Net Debt/Capital (%)	-3,823.21	-110.28	15.3	-99.09	350.15	-57.19	-155.26	-161.98	1,186.7
EBITDA	5	5	5	7	6	7	6	7	6
EBITDA-CapEx	-4	2	1	3	4	2	2	3	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.27	4.96	5.09	5.77	6.68	7.84	8.6	9.51	10.05
Long-Term Debt/Equity (%)	102.58	113.47	54.83	53.23	29.99	34.27	27.06	25.14	12.25
Long-Term Debt/Capital (%)	54.45	56.58	47.61	48.69	31.92	28.35	23.35	21.53	11.84
Long-Term Debt/Total Assets (%)	6.31	6.47	5.19	5.47	3.13	3.1	2.62	2.61	1.35
Total Debt/Equity (%)	102.58	113.47	61.36	53.23	29.99	34.27	27.06	25.14	12.25
Total Debt/Capital (%)	54.45	56.58	53.28	48.69	31.92	28.35	23.35	21.53	11.84
Total Debt/Total Assets (%)	6.31	6.47	5.8	5.47	3.13	3.1	2.62	2.61	1.35
CFO/Total Liabilities	1.46	1.05	1.04	0.17	2.75	3.45	1.54	1.57	1.94
CFO/CapEx	3.91	8.59	7.63	1.7	32.97	27.65	12.51	17.7	13.69
Altman's Z-Score	0.12	0.12	0.19	0.2	0.23	0.24	0.23	0.26	0.28

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	10.64	11.75	15.07	14.71	13.8	9.45	8.89	9.66
Days Sales Outstanding	- -	34.31	31.08	24.23	24.82	26.46	38.64	41.04	37.79
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	376	343	494	469	475	572	632
- Cash & Cash Equivalents	295	246	158	300	487	235	330	359	552
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	162	175	188	197	122	122	110	110	60
Enterprise Value	-326	-409	-301	-564	-595	-345	72	55	-427
Total Capital	298	310	353	405	383	432	472	513	511
Total Debt/Capital (%)	54.45	56.58	53.28	48.69	31.92	28.35	23.35	21.53	11.84
Total Debt / EV	-0.5	-0.43	-0.62	-0.35	-0.21	-0.35	1.54	2.01	-0.14
EV/Sales	- -	- -	- -	- -	- -	- -	0.41	0.29	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	11.16	8.43	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1.22	0.92	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1.13	0.87	- -
Diluted Market Cap	- -	- -	376	343	494	469	475	572	632
Diluted Enterprise Value	-132	-71	406	239	129	356	255	323	140
EV per Share	- -	- -	- -	- -	- -	- -	4.36	3.33	- -
TTM Sales	134	145	158	220	214	209	176	189	206
TTM EBITDA	5	5	5	7	6	7	6	7	6
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	35	27	30	6	96	124	59	59	77
TTM Free Cash Flow to Firm	44	30	34	9	99	128	63	63	83

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	10.92	38.33	4.98	3.66	7.52	9.12	7.6
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-326	-409	-301	-564	-595	-345	72	55	-427
Low Price	- -	- -	15.82	11.3	18.51	22.47	18.75	24.05	30.01
EV/Sales	- -	- -	- -	- -	- -	- -	0.41	0.29	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	11.16	8.43	- -
Price/Earnings	- -	- -	12.88	7.55	8.43	8.05	7.58	11.5	10.81
Price/Earnings Average	- -	- -	10.81	6.24	7.06	7.94	6.6	10.06	10.2
Price/Earnings High	- -	- -	13.14	8.77	8.52	9.34	7.91	13.54	11.81
Price/Earnings Low	- -	- -	9.76	4.5	5.61	6.57	4.91	7.96	8.36
Price/Book Value	- -	- -	2.29	1.65	1.9	1.52	1.31	1.42	1.4
Price/Book Value Average	- -	- -	1.92	1.36	1.59	1.49	1.14	1.24	1.32
Price/Book Value High	- -	- -	2.33	1.92	1.92	1.76	1.37	1.67	1.53
Price/Book Value Low	- -	- -	1.73	0.98	1.26	1.24	0.85	0.98	1.09
Price/Tangible Book Value	- -	- -	1.36	1.03	1.36	1.53	1.33	1.46	1.41
Price/Tangible Book Value Average	- -	- -	1.14	0.85	1.14	1.51	1.15	1.28	1.33
Price/Tangible Book Value High	- -	- -	1.39	1.19	1.38	1.78	1.38	1.72	1.54
Price/Tangible Book Value Low	- -	- -	1.03	0.61	0.91	1.25	0.86	1.01	1.09
Price/Sales	- -	- -	2.38	1.56	2.31	2.24	2.7	3.02	3.07
Price/Sales Average	- -	- -	2	1.29	1.93	2.21	2.35	2.64	2.9
Price/Sales High	- -	- -	2.43	1.81	2.33	2.6	2.82	3.56	3.36
Price/Sales Low	- -	- -	1.81	0.93	1.53	1.83	1.75	2.09	2.38
Price/Cash Flow	- -	- -	12.35	60.88	5.13	3.79	8.12	9.63	8.16
Price/Cash Flow Average	- -	- -	10.36	50.31	4.3	3.74	7.07	8.42	7.69
Price/Cash Flow High	- -	- -	12.6	70.67	5.19	4.4	8.48	11.34	8.91
Price/Cash Flow Low	- -	- -	9.36	36.3	3.41	3.1	5.26	6.66	6.31
Price/Free Cash Flow Average	- -	- -	9.16	31.68	4.17	3.61	6.55	7.97	7.17
Price/Free Cash Flow High	- -	- -	11.14	44.5	5.04	4.25	7.85	10.73	8.3
Price/Free Cash Flow Low	- -	- -	8.28	22.86	3.31	2.99	4.87	6.31	5.88
EV/Sales Average	- -	- -	2.19	0.82	0.23	1.67	1.1	1.33	0.51
EV/Sales High	- -	- -	2.62	1.34	0.63	2.06	1.57	2.24	0.96
EV/Sales Low	- -	- -	2	0.46	- -	1.29	0.5	0.78	- -
EV/EBITDA Average	-25.03	-13.62	66.17	27.35	7.62	50.21	30.27	38.6	17.93
EV/EBITDA High	-25.03	-13.62	79.19	44.77	20.97	61.98	43.07	65.2	34.15
EV/EBITDA Low	-25.03	-13.62	60.31	15.35	-5.58	38.78	13.7	22.59	-0.51
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	20.87	18.95	27.81	27.53	28.96	34.75	38.8
High Price	- -	- -	21.29	22	28.13	31.96	30.22	40.91	42.38
Enterprise Value Average	-132	-71	346	180	49	350	194	251	104
Enterprise Value High	-132	-71	414	294	135	432	276	424	199
Enterprise Value Low	-132	-71	315	101	-36	270	88	147	-3

Shares Outstanding	17	17	18	18	18	17	16	16	16
Diluted Weighted Avg Shares	17	17	18	18	18	17	16	16	16
Basic Weighted Avg Shares	17	17	18	18	18	17	16	16	16
Revenue per Share	7.64	8.3	8.75	12.15	12.06	12.29	10.73	11.5	12.63
EBITDA per Share	0.3	0.3	0.29	0.36	0.36	0.41	0.39	0.4	0.36
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.35	1.68	1.62	2.51	3.3	3.42	3.82	3.02	3.59
Basic EPS from Cont Ops	1.35	1.68	1.62	2.51	3.3	3.42	3.82	3.02	3.59
Diluted EPS, GAAP	1.35	1.68	1.62	2.51	3.3	3.42	3.82	3.02	3.59
Diluted EPS from Cont Ops	1.35	1.68	1.62	2.51	3.3	3.42	3.82	3.02	3.59
Dividend per Share	0.45	1.72	0.06	0.14	0.3	0.47	0.53	0.56	0.62
Cash Flow per Share	2.02	1.54	1.69	0.31	5.42	7.26	3.57	3.61	4.76
Free Cash Flow per Basic Share	1.51	1.36	1.47	0.13	5.26	7	3.28	3.4	4.41
Cash & Equivalents per Share	27.97	33.44	48	61.04	68.2	55.01	31.31	38.12	68.71
Book Value per Share	7.77	7.7	9.13	11.48	14.67	18.16	22.03	24.45	27.65
Tangible Book Value per Share	9.06	8.85	15.34	18.47	20.4	17.95	21.86	23.8	27.58

South Plains Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)