South Plains Financial Inc

South Plains Financial, Inc. is a bank holding company, which engages in the provision of commercial and retail banking services through its subsidiary, City Bank. The firm also offers insurance, investment, trust and mortgage services through its other non-bank subsidiaries. It operates through the Community Banking and Insurance business segments. The company was founded on October 28, 1992 and is headquartered in Lubbock, TX.

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South Plains Financial Inc reports solid Q4 earnings amidst economic uncertainties

South Plains Financial Inc demonstrated resilience and growth in Q4 2022, with a stable credit quality and strategic initiatives for 2023.
While facing economic uncertainties, the company remains cautiously optimistic about the Texas economy and aims for reasonable growth amidst challenges.
Confidence in the team's ability to navigate challenges, manage costs, and deliver value to customers and shareholders in the coming year.

South Plains Financial Inc reports solid Q1 performance and strategic focus

South Plains Financial Inc (SPFI) reported a solid performance in Q1 2023, driven by strong liquidity, stable loan portfolio, and improved deposit growth.
The company faces challenges such as margin compression and one-time costs from the Windmark sale, but sees opportunities in building deposit relationships and capitalizing on market changes.
With a focus on credit quality and expense management, South Plains Financial remains optimistic about its profitability outlook for the year.
Investors can expect potential benefits from the company's strategic focus on growth and profitability, with no immediate plans for M&A work.

South Plains Financial Inc posts strong Q2 results amidst challenges

South Plains Financial Inc delivered a solid performance in Q2 with strong financial metrics, growth in loans and deposits, and a strategic approach to capital management. The company faces challenges in credit losses and deposit costs but is well-positioned to capitalize on growth opportunities.

South Plains Financial Inc reports solid Q3 earnings and eyes M&A opportunities for growth

South Plains Financial Inc delivered a solid financial performance in Q3 2023, with a focus on credit quality, stable core deposits, and strategic growth initiatives.
While facing challenges such as funding costs and economic uncertainties, the company remains cautiously optimistic about the future, prioritizing conservative financial management.
Opportunities for interest income growth, potential M&A activities, and a disciplined approach to capital allocation position South Plains Financial Inc for continued success.

South Plains Financial Inc reports strong Q4 performance and eyes growth opportunities

South Plains Financial Inc (SPFI) delivered a strong performance in Q4 2023 with notable loan growth, improved return on assets, and stable net interest margin. The company's strategic moves, strong credit quality, and focus on noninterest income strategies position it well for growth.
While facing challenges in asset quality normalization and uncertainties, the bank's conservative approach to reserves and confidence in offsetting potential relief through volume growth demonstrate resilience. Opportunities for growth in various financial segments and M&A activities are on the horizon.

South Plains Financial Inc reports solid Q1 performance and growth outlook

SPFI's Q1 performance reflects stability in key financial metrics and strategic initiatives.
The company's strengths lie in customer relationships, income diversification, and growth focus.
Challenges include deposit cost pressures and execution risks in expansion plans.
Opportunities exist in regional growth, loan repricing, and operational enhancements.

South Plains Financial Inc reports strong Q2 performance and growth opportunities

South Plains Financial Inc (SPFI) delivered a strong performance in Q2, showcasing growth in key financial metrics and a focus on credit quality. With a strong capital position and opportunities for loan portfolio growth, SPFI is well-positioned for future success.

South Plains Financial Inc reports solid Q3 performance and eyes growth opportunities in 2025

South Plains Financial Inc demonstrated solid financial performance in Q3, with a focus on maintaining a strong capital position and enhancing shareholder value through dividend increases and stock repurchases.
While facing challenges such as lower noninterest income and deposit pricing trends, the company remains optimistic about future loan growth opportunities and improving loan yields.
By capitalizing on its strengths in deposit share and market presence, South Plains Financial Inc aims to navigate challenges, seize growth opportunities, and drive sustainable financial performance in the coming quarters.

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South Plains Financial, Inc. is a bank holding company, which engages in the provision of commercial and consumer financial services. The firm also offers commercial and retail banking, along with insurance, investment, trust, and mortgage services. It operates under the Community Banking and Insurance segments. The Community Banking segment focuses on City Bank, the sole banking subsidiary of the company. The Insurance segment includes Windmark Insurance Agency, Inc. (Windmark). The company was founded on October 28, 1992 and is headquartered in Lubbock, TX.

South Plains Financial (SPFI) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why South Plains Financial (SPFI) Could be Great Choice for a Bottom Fisher

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6 Upcoming Dividend Increases

South Plains Financial, Inc. (NASDAQ:SPFI ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Steve Crockett – Chief Financial Officer and Treasurer Curtis Griffith – Chairman and Chief Executive Officer Cory Newsom – President Brent Bates – Chief Credit Officer Conference Call Participants Brett Rabatin – Hovde Group Woody Lay – KBW Joe Yanchunis – Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to South Plains Financial, Inc. Third Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

South Plains Financial, Inc. (SPFI) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for South Plains Financial (SPFI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

South Plains Financial (SPFI) Reports Q3 Earnings: What Key Metrics Have to Say

South Plains Financial (SPFI) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.78 per share a year ago.

South Plains Financial (SPFI) Q3 Earnings Surpass Estimates

LUBBOCK, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended September 30, 2024.

South Plains Financial, Inc. Reports Third Quarter 2024 Financial Results

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South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.

Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside

LUBBOCK, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in July 2024. The dividend is payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024.

South Plains Financial, Inc. Announces 7% Increase to Quarterly Cash Dividend

South Plains Financial (SPFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate South Plains Financial (SPFI) to Report a Decline in Earnings: What to Look Out for

LUBBOCK, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, October 23, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results.

South Plains Financial, Inc. Announces Third Quarter 2024 Earnings Call

After losing some value lately, a hammer chart pattern has been formed for South Plains Financial (SPFI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Bears are Losing Control Over South Plains Financial (SPFI), Here's Why It's a 'Buy' Now

South Plains Financial (SPFI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

South Plains Financial (SPFI) Upgraded to Strong Buy: What Does It Mean for the Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy South Plains Financial (SPFI) Stock?

South Plains Financial (SPFI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can South Plains Financial (SPFI) Run Higher on Rising Earnings Estimates?

South Plains Financial, Inc. (NASDAQ:SPFI ) Q2 2024 Results Conference Call July 18, 2024 5:00 PM ET Company Participants Steve Crockett - Chief Financial Officer and Treasurer Curtis Griffith - Chairman and CEO Cory Newsom - President Brent Bates - Chief Credit Officer Conference Call Participants Brett Rabatin - Hovde Group Joe Yanchunis - Raymond James Woody Lay - KBW Stephen Scouten - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to South Plains Financial, Inc. Second Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

South Plains Financial, Inc. (SPFI) Q2 2024 Earnings Call Transcript

The headline numbers for South Plains Financial (SPFI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, South Plains Financial (SPFI) Q2 Earnings: A Look at Key Metrics

South Plains Financial (SPFI) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.55 per share a year ago.

South Plains Financial (SPFI) Q2 Earnings and Revenues Beat Estimates

LUBBOCK, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is payable on August 12, 2024 to shareholders of record as of the close of business on July 29, 2024.

South Plains Financial, Inc. Declares Quarterly Cash Dividend

LUBBOCK, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended June 30, 2024.

South Plains Financial, Inc. Reports Second Quarter 2024 Financial Results

LUBBOCK, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its second quarter 2024 financial results will be released after market close on Thursday, July 18, 2024. The Company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the financial results.

South Plains Financial, Inc. Announces Second Quarter 2024 Earnings Call

The headline numbers for South Plains Financial (SPFI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

South Plains Financial (SPFI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

South Plains Financial, Inc. (NASDAQ:SPFI ) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Steve Crockett - CFO & Treasurer Curtis Griffith - Chairman & CEO Cory Newsom - President Brent Bates - CCO Conference Call Participants Brett Rabatin - Hovde Group Woody Lay - KBW Stephen Scouten - Piper Sandler Joe Yanchunis - Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to South Plains Financial, Inc. First Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

South Plains Financial, Inc. (SPFI) Q1 2024 Earnings Call Transcript

LUBBOCK, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended March 31, 2024.

South Plains Financial, Inc. Reports First Quarter 2024 Financial Results

South Plains Financial (SPFI) hikes quarterly cash dividend by 7.7% to 14 cents per share. A solid balance sheet and decent liquidity are likely to sustain the company's capital distribution plans.

South Plains Financial (SPFI) Announces 7.7% Dividend Hike

LUBBOCK, Texas, April 18, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of common stock, an 8% increase from the most recent quarterly cash dividend declared in January 2024. The dividend is payable on May 13, 2024 to shareholders of record as of the close of business on April 29, 2024.

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