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

SOUTH PLAINS FINANCIAL

26/04/2024 01:04

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 64 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of four analysts
for the quarter was for earnings of 57 cents per share. Wall
Street expected results to range from 56 cents to 60 cents per
share.
    * Revenue rose 3.9% to $46.78 million from a year ago;
analysts
expected $45.47 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 64
cents​.
    * The company reported quarterly net income of $10.87
million.
    * South Plains Financial Inc shares had fallen by 0.1% this
quarter and lost 7.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 $33.00 
This summary was machine generated from LSEG data April 26 at
12:04 a.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
 Mar. 31 2024      0.58           0.64           Beat
 Dec. 31 2023      0.64           0.61           Missed
 Sep. 30 2023      0.64           0.78           Beat
 Jun. 30 2023      0.62           1.71           Beat