South Plains Financial (South Plains Financial) Tax Rate % : 22.42% (As of Mar. 2024)

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What is South Plains Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. South Plains Financial's Tax Expense for the three months ended in Mar. 2024 was $3.1 Mil. South Plains Financial's Pre-Tax Income for the three months ended in Mar. 2024 was $14.0 Mil. Therefore, South Plains Financial's Tax Rate % for the quarter that ended in Mar. 2024 was 22.42%.

South Plains Financial Tax Rate % Historical Data

The historical data trend for South Plains Financial's Tax Rate % 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.

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South Plains Financial Tax Rate % Chart

South Plains Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.38

19.88

19.84

20.38

20.99

South Plains Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															20.55	20.83	21.44	21.26	22.42

South Plains Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

South Plains Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	16.672	/	79.417
	=	20.99 %

South Plains Financial's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	3.143	/	14.017
	=	22.42 %

South Plains Financial Tax Rate % Related Terms

Thank you for viewing the detailed overview of South Plains Financial's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

South Plains Financial (South Plains Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Tax Rate %

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 two reportable segments: banking and insurance.

Executives

Richard D Campbell	director, 10 percent owner	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
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
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