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

SOUTH PLAINS FINANCIAL

27/04/2023 22:45

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 53 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 57 cents per share.
    * Revenue fell 16.1% to $45.01 million from a year ago;
analysts
expected $47.34 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 53
cents​.
    * The mean earnings estimate of analysts had fallen 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 fallen by 5.7% this
quarter and lost 26.6% so far this year.
    * The company reported quarterly net income of $9.24
million.
    * Wall Street's median 12-month price target for South
Plains
Financial Inc is $26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 09:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.57           0.53           Missed
 Dec. 31 2022      0.62           0.71           Beat
 Sep. 30 2022      0.70           0.86           Beat
 Jun. 30 2022      0.50           0.88           Beat