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

SOUTH PLAINS FINANCIAL

25/07/2023 23:47

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of $1.71​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was
for earnings of 62 cents per share.
    * Revenue rose 46% to $81.69 million from a year ago;
analysts
expected $46.36 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was
$1.71​.
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * South Plains Financial Inc shares had risen by 13.4% this
quarter and lost 7.3% so far this year.
    * The company reported quarterly net income of $29.68
million.
    * Wall Street's median 12-month price target for South
Plains
Financial Inc is $28.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.62           1.71           Beat
 Mar. 31 2023      0.57           0.53           Missed
 Dec. 31 2022      0.62           0.71           Beat
 Sep. 30 2022      0.70           0.86           Beat