Brief: South Plains Financial Q2 EPS USD 0.86

SOUTH PLAINS FINANCIAL

16/07/2025 21:15

Overview

South Plains Q2 net income rises to $14.6 mln, up from $11.1 mln last year

Diluted EPS for Q2 increases to $0.86

Net interest margin expands to 4.07%, driven by steady margin expansion

Outlook

Company aims to expand lending capabilities and add experienced commercial lenders

South Plains sees stable, lower-cost funding from community-based deposits.

Result Drivers

NET INTEREST INCOME - Increased to $42.5 million due to higher loan yields and a $1.7 million interest recovery

LOAN GROWTH - Continued despite high levels of loan payoffs, supported by stable deposit funding

MARGIN EXPANSION - Net interest margin improved to 4.07% driven by lower deposit costs and higher loan rates

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.86
Q2 Net Income
$14.60 mln
Q2 Net Interest Income
$42.50 mln
Q2 Credit Loss Provision
-$2.50 mln
Q2 Net Interest Margin
4.1%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for South Plains Financial Inc is $43.50, about 15.8% above its July 15 closing price of $36.63

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNXKZ64c

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)