The earnings call highlighted strong loan growth, improved noninterest income, and net interest margin expansion. However, challenges with loan payoffs, a decrease in deposits, and provisions for credit losses present notable headwinds. The bank remains focused on strategic growth through hiring and potential M&A opportunities.

Company Guidance

During the South Plains Financial Second Quarter 2025 Earnings Conference Call, the company provided guidance indicating several key metrics. They reported a net interest margin (NIM) of 4.07%, up from 3.81% in the previous quarter, and net interest income of $42.5 million, compared to $38.5 million in the first quarter. The company's consolidated common equity Tier 1 risk-based capital ratio stood at 13.86%, with a Tier 1 leverage ratio of 12.12% as of June 30, 2025. Loan growth was modest, with loans held for investment increasing by $23.1 million or 3% annualized, reaching $3.1 billion. The yield on loans rose to 6.99% from 6.67% in the prior quarter, aided by a $1.7 million interest recovery. Deposits decreased by $53.6 million to $3.74 billion, while noninterest income increased to $12.2 million from $10.6 million in the previous quarter. The bank's allowance for credit losses was 1.45% of total loans, reflecting a $2.5 million provision for credit losses. The company emphasized its strategy of pursuing both organic growth and mergers and acquisitions (M&A), with a focus on expanding lending capabilities and maintaining a stable, lower-cost funding source.

Loan Growth and Yield Improvement

Loans held for investment increased by $23.1 million or 3% annualized to $3.1 billion in the second quarter. The yield on loans increased to 6.99% from 6.67% in the prior quarter.

Noninterest Income Increase

Noninterest income for the second quarter was $12.2 million, up from $10.6 million in the prior quarter, driven by a $1.5 million increase in mortgage banking revenues.

Net Interest Margin Expansion

Net interest margin, calculated on a tax equivalent basis, was 4.07% in the second quarter compared to 3.81% in the linked quarter.

Improvement in Noninterest-Bearing Deposits

Noninterest-bearing deposits increased by $32.3 million, contributing to the ratio of noninterest-bearing deposits to total deposits rising to 26.7% from 25.5%.

Strong Capital Position

The consolidated common equity Tier 1 risk-based capital ratio was 13.86%, and the Tier 1 leverage ratio was 12.12% as of June 30, 2025.

South Plains Financial (SPFI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SPFI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.85 / -	0.66	―	―	―
Jul 16, 2025	2025 (Q2)	0.77 / 0.86	0.66	30.30% (+0.20)
Apr 24, 2025	2025 (Q1)	0.67 / 0.72	0.64	12.50% (+0.08)
Jan 24, 2025	2024 (Q4)	0.68 / 0.96	0.61	57.38% (+0.35)
Oct 23, 2024	2024 (Q3)	0.66 / 0.66	0.78	-15.38% (-0.12)
Jul 18, 2024	2024 (Q2)	0.58 / 0.66	1.71	-61.40% (-1.05)
Apr 25, 2024	2024 (Q1)	0.57 / 0.64	0.53	20.75% (+0.11)
Jan 26, 2024	2023 (Q4)	0.64 / 0.61	0.71	-14.08% (-0.10)
Oct 24, 2023	2023 (Q3)	0.64 / 0.78	0.86	-9.30% (-0.08)
Jul 25, 2023	2023 (Q2)	0.60 / 1.71	0.88	94.32% (+0.83)

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

SPFI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 16, 2025	$36.61	$40.43	+10.43%
Apr 24, 2025	$32.96	$33.43	+1.43%
Jan 24, 2025	$34.44	$36.28	+5.34%
Oct 23, 2024	$33.44	$33.22	-0.66%

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.

FAQ

When does South Plains Financial Inc (SPFI) report earnings?

South Plains Financial Inc (SPFI) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is South Plains Financial Inc (SPFI) earnings time?

South Plains Financial Inc (SPFI) earnings time is at Oct 28, 2025, Before Open (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 (Q3) is 0.85.

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