HIGHBuilt-inLoan_portfolio
71%
commercial borrowers
“10-K Item 1A: 'As of December 31, 2025, loans to commercial borrowers represent approximately 71.0% of total loans.'”
SPFI · Concentration risk · 10-K extracted
South Plains Financial (SPFI) concentration risks
Updated
The most significant concentration South Plains Financial discloses is commercial borrowers at 71%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: South Plains Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Lubbock/South Plains
“10-K Item 1: 'We operate 10 branches holding $2.5 billion of deposits in the Lubbock metropolitan statistical area ("MSA") and the surrounding South Plains region of Texas.'”
LOWOutside partyLoan_portfolio
21%
20 largest borrowing relationships
“10-K Item 1: 'our 20 largest borrowing relationships ... totaled approximately $775.0 million in total commitments (representing, in the aggregate, 21.0% of our total outstanding commitments).'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06South Plains Financial's concentration profile combines a heavily commercial loan book with a tight geographic footprint. As of December 31, 2025, loans to commercial borrowers represented approximately 71.0% of total loans, a large share reflecting the bank's core commercial lending focus. That lending activity is anchored around 10 branches holding $2.5 billion of deposits in the Lubbock metropolitan statistical area and the surrounding South Plains region of Texas, meaning both sides of the balance sheet are tied to the economic health of one regional market. On top of these structural features, the bank's 20 largest borrowing relationships totaled approximately $775.0 million in commitments, representing 21.0% of total outstanding commitments — a more idiosyncratic, counterparty-specific exposure, though disclosed at a comparatively smaller share than the commercial-loan or geographic concentrations. Together, these exposures point to a bank whose performance is closely tied to commercial credit conditions in the Lubbock/South Plains region, with the largest-borrower group an additional, narrower layer of single-name risk on top.
For the engine’s reasoning on SPFI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMAL | Amalgamated Financial Corp. | 2 | 1 | 0 | 3 |
| SPFI● | South Plains Financial, Inc. | 2 | 0 | 1 | 3 |
| ACNB | ACNB Corporation | 1 | 1 | 0 | 2 |
| ALRS | Alerus Financial Corporation | 1 | 1 | 0 | 2 |
| AMTB | Amerant Bancorp Inc. | 0 | 1 | 1 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.