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South Plains Financial ( (SPFI) ) has issued an update.
On January 23, 2025, South Plains Financial, Inc. announced a quarterly cash dividend of $0.15 per share to be paid on February 18, 2025. The company’s financial results for Q4 and 2024 showed a net income increase to $16.5 million for Q4 2024, with a diluted earnings per share of $0.96. Despite a decrease in full-year net income from $62.7 million in 2023 to $49.7 million in 2024, the company reported a positive outlook with a strong new business production pipeline and expected loan growth in 2025, aided by falling deposit pricing.
More about South Plains Financial
South Plains Financial, Inc. is the parent company of City Bank and operates in the financial services industry. It provides banking services and is focused on optimizing profitability and maintaining a conservative approach to underwriting and risk management.
YTD Price Performance: 2.29%
Average Trading Volume: 35,475
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $571.7M
For a thorough assessment of SPFI stock, go to TipRanks’ Stock Analysis page.