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

SOUTH PLAINS FINANCIAL

18/07/2024 22:01

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.71.  The mean expectation of four analysts for the
quarter was for earnings of 59 cents per share. Wall Street
expected results to range from 54 cents to 63 cents per share.
    * Revenue fell 71.1% to $23.60 million from a year ago;
analysts
expected $46.53 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 66
cents​.
    * The company reported quarterly net income of $11.13
million.
    * South Plains Financial Inc shares had risen by 16.3% this
quarter and gained 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
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 $32.00 
This summary was machine generated from LSEG data July 18 at
09:01 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
 Jun. 30 2024      0.59           0.66           Beat
 Jan. 1 0001       0.58           0.64           Beat
 Dec. 31 2023      0.64           0.61           Missed
 Sep. 30 2023      0.64           0.78           Beat