South Plains Financial, Inc. (SPFI)

26.89 +0.31 (+1.17%) At close: 04:00PM EDT

South Plains Financial, Inc.

5219 City Bank Parkway
Lubbock, TX 79407
United States
806 792 7101
https://www.spfi.bank

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 547

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Curtis C. Griffith	Chairman & CEO	888.33k	N/A	1953
Mr. Cory T. Newsom	President & Director	1.39M	N/A	1968
Mr. Steven B. Crockett	CFO & Treasurer	702.46k	N/A	1972
Ms. Mikella D. Newsom	Chief Risk Officer & Secretary	N/A	N/A	1974
Mr. Kelly L. Deterding	President of Windmark Insurance & Senior VP of Insurance Development of City Bank	642.35k	N/A	1959

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company was founded in 1941 and is headquartered in Lubbock, Texas.

Corporate governance

South Plains Financial, Inc.’s ISS governance QualityScore as of 1 May 2024 is 9. The pillar scores are Audit: 10; Board: 9; Shareholder rights: 7; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.