South Plains Financial Inc (SPFI)
NASDAQ:SPFI
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Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.95Last Year’s EPS
0.86Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced several encouraging operational and strategic developments against near-term integration costs, loan payoffs and macroeconomic uncertainties. Key positives included completion of the Bank of Houston acquisition with attractive accretion guidance, solid deposit growth, stable NIM/loan yields, improving credit quality with a materially lower provision, continued mortgage business profitability, and a healthy capital position with a rising tangible book value per share. Offsetting these were a quarter-over-quarter EPS decline driven by acquisition-related expenses and an SBIC loss, a modest decline in loan balances due to expected payoffs (including another anticipated multifamily payoff), higher noninterest expenses related to compensation and acquisition activity, and external macro risks that could dampen loan growth and limit further funding-cost reductions. On balance, the operational momentum and strategic positives (including accretion and pipeline/unfunded commitments) outweigh the near-term headwinds.Company Guidance
Completed Bank of Houston Acquisition; Positive Pro Forma Metrics
Merger with Bank of Houston closed April 1. Management expects the transaction to be ~11% accretive to earnings in 2027 with tangible book value earn-back of under 3 years. Pro forma combined bank NIM reported at 4.02% and pro forma cost of deposits at 210 bps. BOH stood at ~$632M loans and $596M deposits at quarter end.
Strong Deposit Growth and Liquidity
Deposits increased $154M (4% quarter-over-quarter) to $4.03B, driven by organic growth across retail, commercial and public fund deposits. The bank reports ample on-hand liquidity and is actively optimizing higher-cost, noncore funding.
Net Interest Margin and Loan Yield Stability
Tax-equivalent NIM increased to 4.04% from 4.00% (+4 bps) while yield on loans rose to 6.83% from 6.79% (+4 bps). Net interest income was $43.0M, in line with the prior quarter.
Credit Quality Improvement and Lower Provision
Nonperforming loans decreased by $4.8M and loan net charge-offs declined by $460k. The allowance for credit losses to total loans remained stable at 1.44%. Provision for credit losses fell to $260k from $1.8M (-~85.6%).
Mortgage and Noninterest Income Strength
Noninterest income rose to $11.3M from $10.9M (+~3.7%), primarily due to a $1.5M increase in mortgage banking revenues and a $915k positive MSR fair value adjustment. Noninterest income represented 21% of bank revenues (flat quarter-over-quarter).
Capital Position and Tangible Book Value Growth
Tangible common equity to tangible assets remained well-capitalized at 10.48% (modest decline q/q). Tangible book value per share increased to $29.65 from $29.05 (+$0.60, +2.1%), driven by $11.8M in net income after dividends.
Shareholder Returns Maintained
Board authorized a $0.17 per share quarterly dividend on April 16 — the 28th consecutive quarterly dividend — and a share buyback program remains in place.
Pipeline and Organic Growth Opportunity
Loans held for investment decreased by $41M to $3.1B (primarily early multifamily payoff and seasonal ag paydowns), but management reported a healthy loan pipeline, strong unfunded loan commitment growth (largely construction), and continued progress on lender hires to drive organic growth toward the lower end of mid- to high-single-digit annual guidance.
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
SPFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $43.85 | $40.60 | -7.41% |
Jan 26, 2026 | $40.99 | $40.09 | -2.20% |
Oct 23, 2025 | $37.69 | $38.03 | +0.92% |
Jul 16, 2025 | $36.17 | $39.94 | +10.45% |
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 Jul 16, 2026, Before Open (Confirmed).
What is South Plains Financial Inc (SPFI) earnings time?
South Plains Financial Inc (SPFI) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SPFI EPS forecast?
SPFI EPS forecast for the fiscal quarter 2026 (Q2) is 0.95.