South Plains Financial Inc reports results for the quarter ended December 31 - Earnings Summary

SOUTH PLAINS FINANCIAL

24/01/2025 14:31

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 96 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 61 cents.  The mean expectation of four analysts
for the quarter was for earnings of 68 cents per share. Wall
Street expected results to range from 61 cents to 70 cents per
share.
    * Revenue rose 17.1% to $51.87 million from a year ago;
analysts
expected $49.16 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 96
cents​.
    * The company reported quarterly net income of $16.5
million.
    * South Plains Financial Inc shares had risen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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
also "buy"

Wall Street's median 12-month price target for South Plains
Financial Inc is $46.00 
This summary was machine generated from LSEG data January 24 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.68           0.96           Beat
 Sep. 30 2024      0.66           0.66           Met
 Jun. 30 2024      0.59           0.66           Beat
 Mar. 31 2024      0.58           0.64           Beat