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

SOUTH PLAINS FINANCIAL

26/01/2024 14:32

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 61 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 71 cents.  The mean expectation of
four analysts for the quarter was for earnings of 64 cents per
share. Wall Street expected results to range from 62 cents to 66
cents per share.
    * Revenue fell 9.6% to $44.31 million from a year ago;
analysts
expected $47.01 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 61
cents​.
    * The company reported quarterly net income of $10.32
million.
    * South Plains Financial Inc shares had fallen by 2.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $30.00 
This summary was machine generated from LSEG data January 26 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 2023      0.64           0.61           Missed
 Sep. 30 2023      0.64           0.78           Beat
 Jun. 30 2023      0.62           1.71           Beat
 Mar. 31 2023      0.57           0.53           Missed