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South Plains Financial Inc (SPFI)
NASDAQ:SPFI
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.87Last Year’s EPS
0.72Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful full-year financial progress (17.8% EPS growth, >14% tangible book value growth, 33 bps NIM expansion year-over-year), solid deposit and loan growth, strong capital metrics, and a strategic, accretive M&A agreement (Bank of Houston) expected to materially increase scale in Houston. Near-term challenges were acknowledged: a modest quarterly EPS decline, higher provision for credit losses tied to late-quarter loan growth, modest NIM pressure and some consumer auto charge-off increases, plus integration and consulting costs tied to the acquisition. Management communicated confidence in organic growth, disciplined credit, and the accretive nature of the BOH transaction while warning of short-term headwinds (multifamily payoffs, loan-yield moderation). Overall, positive execution and strategic positioning outweigh manageable near-term pressures.Company Guidance
Strong Full-Year EPS Growth
Delivered a 17.8% increase in diluted earnings per share for full year 2025, demonstrating meaningful profitability improvement year-over-year.
Net Interest Margin Expansion Over the Year
Reported 33 basis points of NIM expansion for the year with a fourth-quarter NIM of 4.00%, highlighting margin improvement over the twelve-month period despite quarter-to-quarter variability.
Tangible Book Value and Capital Strength
Tangible book value per share grew more than 14% to $29.05 (tangible common equity to tangible assets 10.61%, up 36 basis points quarter-over-quarter), indicating a stronger capital base and capital efficiency.
Deposit Growth and Stable Funding
Total deposits were $3.87 billion at quarter end, essentially steady quarter-over-quarter and up $253 million or 7% versus year-end 2024; noninterest-bearing deposits increased $88 million for the full year.
Loan Growth and Lending Momentum
Loans held for investment increased $91 million in Q4 to $3.14 billion; management expects loan growth to accelerate to a mid- to high-single-digit rate in 2026 driven by recruiter hires and market dislocation benefits.
Accretive M&A Execution — Bank of Houston Agreement
Entered into a definitive agreement to acquire BOH Holdings/Bank of Houston; transaction expected to be ~11% accretive to earnings in 2027 with a tangible book value earn-back of less than 3 years and to create > $1 billion in Houston-region loans for the combined franchise.
High-Quality Consumer Auto Portfolio
Indirect auto portfolio totaled $241 million with 94% of originations in super-prime or prime categories and 87.7% still super-prime/prime at quarter end; 30+ day past-due improved to 19 basis points, indicating strong credit performance.
Stable Noninterest Income and Controlled Expenses
Noninterest income was $10.9 million in Q4 (essentially flat vs. linked quarter) and noninterest expense remained controlled at $33 million (unchanged quarter-over-quarter).
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 |
|---|---|---|---|
Jan 26, 2026 | $41.32 | $40.41 | -2.20% |
Oct 23, 2025 | $37.99 | $38.34 | +0.92% |
Jul 16, 2025 | $36.46 | $40.27 | +10.45% |
Apr 24, 2025 | $32.82 | $33.29 | +1.44% |
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 Apr 23, 2026, Before Open (Confirmed).
What is South Plains Financial Inc (SPFI) earnings time?
South Plains Financial Inc (SPFI) earnings time is at Apr 23, 2026, 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 2026 (Q1) is 0.87.