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South Plains Financial Inc (SPFI)
NASDAQ:SPFI
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Earnings Data
Report Date
Jan 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
0.64Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2019
|% Change Since: 4.47%
|Next Earnings Date:Jul 25, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted positive growth in underlying loan demand and noninterest income, alongside a strong capital position and consistent dividend policy. However, challenges such as a decrease in diluted earnings per share and flat loan growth expectations were noted, balancing the overall sentiment.Company Guidance
In the South Plains Financial, Inc. Q4 2024 earnings call, the company provided guidance reflecting a cautiously optimistic outlook for 2025. The executives highlighted the achievement of a diluted earnings per share of $2.92 for the full year, despite a decrease from $3.62 in 2023 due to a $22.9 million one-time gain from the sale of their insurance subsidiary the previous year. They reported a 1.4% growth in their loan portfolio, with expectations of low to mid-single-digit loan growth in 2025. The net interest margin increased by 10 basis points to 3.75%, aided by a decline in deposit costs. Their community-based deposit franchise held steady at $3.6 billion, and the company maintained strong credit quality with a return on average assets of 1.17% and an efficiency ratio of 65.1%. Looking forward, they anticipate an increase in M&A activity and have a $10 million stock repurchase program in place, with the possibility of authorizing another share repurchase plan to provide flexibility in volatile market conditions.Strong Underlying Loan Demand
The company is experiencing strong underlying loan demand, which is expected to translate into growth as payoffs return to normal levels. The new business pipeline is at its highest level since mid-2022.
Increase in Net Interest Margin
Net interest margin increased by 10 basis points to 3.75% in the fourth quarter, driven by a decline in the cost of deposits.
Noninterest Income Growth
Noninterest income increased to $13.3 million from $10.6 million in the linked quarter, primarily due to a $3.1 million increase in mortgage banking revenues.
Strong Capital Position
The company's consolidated common equity Tier 1 risk-based capital ratio was 13.53% and the Tier 1 leverage ratio was 12.04% at year-end.
Consistent Dividend and Potential Buyback
A $0.15 per share quarterly dividend was authorized, marking the 23rd consecutive quarter of dividend payments, along with a $10 million stock repurchase program.
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SPFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 24, 2025 | $34.88 | $36.75 | +5.36% |
| Oct 23, 2024 | $33.87 | $33.65 | -0.65% |
| Jul 18, 2024 | $30.68 | $30.98 | +0.98% |
| Apr 25, 2024 | $26.15 | $25.70 | -1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does South Plains Financial Inc (SPFI) report earnings?
South Plains Financial Inc (SPFI) is schdueled to report earning on Jan 24, 2025, TBA Not Confirmed.
What is South Plains Financial Inc (SPFI) earnings time?
South Plains Financial Inc (SPFI) earnings time is at Jan 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPFI EPS forecast?
SPFI EPS forecast for the fiscal quarter 2025 (Q1) is 0.66.
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