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

SOUTH PLAINS FINANCIAL

25/10/2023 01:00

* South Plains Financial Inc  SPFI.OQ  reported quarterly
adjusted
earnings of 78 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 64 cents per share.
    * Revenue fell 14.4% to $47.97 million from a year ago;
analysts
expected $48.51 million. 
    * South Plains Financial Inc's reported EPS for the quarter
was 78
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * South Plains Financial Inc shares had fallen by 5.4% this
quarter and lost 9.2% so far this year.
    * The company reported quarterly net income of $13.49
million.
    * Wall Street's median 12-month price target for South
Plains
Financial Inc is $29.75 
    * 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
October 25 at 12:00 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.62           0.71           Beat