South Plains Financial is a bank holding company. Through its subsidiary, City Bank (City Bank or the Bank), Co. provides a range of commercial and consumer financial services. Co.'s business activities include commercial and retail banking, along with insurance, investment, trust and mortgage services. Co.'s segments are: community banking, which includes City Bank, and insurance, which includes its subsidiary, Windmark Insurance Agency, Inc. The Bank is involved in real estate, commercial, agricultural and consumer lending activities with customers. Co. provides deposit products including demand deposits accounts, interest-bearing products, savings accounts and certificate of deposits. The SPFI average annual return since 2019 is shown above.
The Average Annual Return on the SPFI average annual return since 2019 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether SPFI average annual return since 2019 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the SPFI average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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