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South Plains Financial (SPFI)
:SPFI
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.78Last Year’s EPS
0.66Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 9.64%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook with strong deposit growth, improved credit quality, and a solid capital position highlighting strength, while decreased non-interest income, significant loan payoffs, and declining earnings per share present challenges.Company Guidance
During the South Plains Financial First Quarter 2025 Earnings Conference Call, the guidance provided highlighted several key metrics and strategic focuses. The company reported strong financials, with a consolidated common equity tier 1 risk-based capital ratio of 13.59% and a tier 1 leverage ratio of 12.04%, signaling robust capital positions. The bank's net interest margin increased to 3.81%, aided by a decline in the cost of deposits, which fell to 219 basis points. The call also noted a $171.6 million increase in deposits, bringing the total to $3.79 billion, and a 2.7% annualized increase in loans held for investment to $3.08 billion. Credit quality improvements were emphasized, with non-performing assets to total assets ratio improving to 16 basis points. The company remains focused on organic growth, selectively adding talent, and capitalizing on market opportunities. Additionally, a $0.15 per share quarterly dividend was announced, alongside a $15 million stock repurchase program, of which $8.3 million was already utilized. The guidance suggested cautious optimism for loan growth in the low- to mid-single-digit range for the year, despite economic uncertainties, particularly related to recent tariff announcements.Strong Deposit Growth
Deposits increased by $171.6 million to $3.79 billion at the end of the first quarter, with a decline in cost of deposits from 229 basis points to 219 basis points.
Improved Credit Quality
Non-performing assets to total assets ratio improved to 16 basis points at the end of the first quarter, down from 58 basis points at year-end 2024.
Advantageous Capital Position
Consolidated common equity tier 1 risk-based capital ratio was 13.59% and tier 1 leverage ratio was 12.04%.
Successful Stock Repurchase
Repurchased 250,000 shares for $8.3 million as part of a $15 million stock repurchase program.
Indirect Auto Loan Portfolio Growth
Indirect auto loan portfolio grew by $7 million to $243 million, with a decline in 30+ days past due loans to 41 basis points from 47 basis points.
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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 |
|---|---|---|---|
Apr 24, 2025 | $33.09 | $33.57 | +1.45% |
Jan 24, 2025 | $34.58 | $36.43 | +5.35% |
Oct 23, 2024 | $33.58 | $33.36 | -0.66% |
Jul 18, 2024 | $30.42 | $30.71 | +0.95% |
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 (SPFI) report earnings?
South Plains Financial (SPFI) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is South Plains Financial (SPFI) earnings time?
South Plains Financial (SPFI) earnings time is at Jul 29, 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 (Q2) is 0.78.
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