South Plains Q3 profit rises on higher interest income

SOUTH PLAINS FINANCIAL

23/10/2025 21:20

Overview

South Plains Q3 net income rises to $16.3 mln, up from $11.2 mln last year

Diluted EPS for Q3 2025 was $0.96, up from $0.66 in Q3 2024

Net interest income increased to $43 mln, supported by low-cost deposits

Outlook

Company plans to expand lending team by up to 20% next year

South Plains anticipates asset growth through organic expansion and M&A

Company engaging in discussions with potential target banks for acquisition

Result Drivers

NET INTEREST INCOME - Co attributes increase in net interest income to low-cost deposit franchise and improved credit quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.96
Q3 Net Income
$16.30 mln
Q3 Net Interest Income
$43 mln
Q3 Credit Loss Provision
$500,000
Q3 Net Interest Margin
4.05%


Analyst Coverage

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 "buy"

Wall Street's median 12-month price target for South Plains Financial Inc is $44.00, about 14.9% above its October 21 closing price of $37.45

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX4n0FFN

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)