South Plains Financial, Inc.
South Plains Financial, Inc. (NASDAQ: SPFI) is trading at $43.00, about ₹4,125 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.35% today. Indian residents can buy South Plains Financial from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$42.65
Today's high
$43.25
52 week low
$35.34
52 week high
$46.94
SPFI opened at $43.01, closed previously at $42.85, and has traded between $35.34 and $46.94 over the past 52 weeks.
About
South Plains Financial, Inc. functions as the parent entity for City Bank, providing a comprehensive suite of commercial and consumer financial services to both individuals and small to mid-sized businesses. Its operations are structured around two core divisions: Banking and Insurance. The company offers a variety of deposit options, such as checking accounts, interest-bearing accounts, savings, and certificates of deposit (CDs). Their lending portfolio is extensive, encompassing commercial real estate, a broad spectrum of specialized commercial loans (including those for agriculture, energy, finance, investment, insurance, retail, and construction), residential construction, mortgages for 1-4 family homes, and consumer loans for vehicles or other personal needs. Additional offerings include crop insurance, trust and investment management, mortgage banking, convenient online and mobile banking platforms, and debit and credit card services. The company maintains a physical presence through 25 full-service bank branches and 15 loan production offices spread across Texas and Eastern New Mexico. Established in 1941, South Plains Financial, Inc. maintains its headquarters in Lubbock, Texas.
Key statistics
Avg. volume
138.52K
Market cap
$823.27M
P/E Ratio
11.26
Price-to-sales ratio
2.72
Enterprise value
$96.01M
Free cash flow yield
9.17%
Debt-to-equity ratio
0.10
Return on equity
12.36%
ROIC
8.67%
Beta
0.46
Dividend yield
1.58%
Last dividend
$0.68
Financial overview
Revenue
$296.89M
Earnings per share
$3.60
Free cash flow
$71.83M
Net profit margin
21.48%
Gross margin
72.03%
EBITDA
$79.89M
Revenue growth
4.87%
Similar securities
This is not an investment recommendation
How to buy South Plains Financial from India
Indian residents can buy South Plains Financial shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for South Plains Financial and place an order
Find South Plains Financial by name or by its ticker, SPFI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. South Plains Financial trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your South Plains Financial position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in South Plains Financial from India
Trading and taxes when buying South Plains Financial from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. South Plains Financial’s current yield is 1.58%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy South Plains Financial stock?
Yes. South Plains Financial (SPFI) has been listed on NASDAQ since 2019, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one South Plains Financial share cost in rupees?
One South Plains Financial share is $43.00 — about ₹4,125 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the South Plains Financial price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying South Plains Financial from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of South Plains Financial?
Yes. One South Plains Financial share is $43.00, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in South Plains Financial.
How are gains on South Plains Financial shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the South Plains Financial price. Paasa issues a capital-gains statement for your return.
Does South Plains Financial pay a dividend, and how is it taxed in India?
Yes. South Plains Financial pays a dividend and the current yield is 1.58%; the last declared dividend was $0.68 per share, about ₹65.23. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade South Plains Financial from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on South Plains Financial shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare South Plains Financial shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your South Plains Financial holding, its cost and its closing value.
How do I sell South Plains Financial and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.