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South Plains Financial ( (SPFI) ) has issued an announcement.
South Plains Financial, Inc. reported strong financial results for the second quarter of 2025, with net income rising to $14.6 million, up from $12.3 million in the previous quarter and $11.1 million in the same quarter of 2024. The company achieved a net interest margin of 4.07% and saw growth in net interest income, driven by increased loan interest income and a recovery of interest from a previously nonaccrual loan. Despite a decrease in total deposits from the previous quarter, the company experienced year-over-year growth in deposits, supported by organic growth in retail and commercial deposits. The company is strategically focused on expanding its lending platform and has recruited experienced lenders to enhance its market presence.
The most recent analyst rating on (SPFI) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on South Plains Financial stock, see the SPFI Stock Forecast page.
Spark’s Take on SPFI Stock
According to Spark, TipRanks’ AI Analyst, SPFI is a Outperform.
South Plains Financial is well-positioned with strong financial performance and a solid capital structure. While the technical indicators and valuation suggest some caution, the company’s robust deposit growth and improved credit quality from the earnings call are significant positives. However, concerns over decreasing non-interest income and declining EPS temper the outlook.
To see Spark’s full report on SPFI stock, click here.
More about South Plains Financial
South Plains Financial, Inc., headquartered in Lubbock, Texas, operates in the financial services industry as the parent company of City Bank. The company focuses on providing banking services, with a market emphasis on expanding lending capabilities and maintaining a community-based deposit franchise.
Average Trading Volume: 37,693
Technical Sentiment Signal: Strong Buy
Current Market Cap: $610.8M
For a thorough assessment of SPFI stock, go to TipRanks’ Stock Analysis page.