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) 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.

South Plains Financial (SPFI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

LUBBOCK, Texas, July 13, 2021 (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 2021 financial results will be released after market close Tuesday, July 27, 2021. The Company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the financial results.

South Plains Financial, Inc. Announces Second Quarter 2021 Earnings Call

South Plains Financial (SPFI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why South Plains Financial (SPFI) Stock Might be a Great Pick

South Plains Financial, Inc. (SPFI) CEO Curtis Griffith on Q1 2021 Results - Earnings Call Transcript

South Plains Financial (SPFI) delivered earnings and revenue surprises of 6.49% and 4.76%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

South Plains Financial (SPFI) Tops Q1 Earnings and Revenue Estimates

Shares of South Plains Financial (NASDAQ:SPFI) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 115.79% year over year to $0.82, which beat the estimate of $0.68.

South Plains Financial: Q1 Earnings Insights

LUBBOCK, Texas, April 27, 2021 (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, 2021.

South Plains Financial, Inc. Reports First Quarter 2021 Financial Results

LUBBOCK, Texas, April 13, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its first quarter 2021 financial results will be released after market close Tuesday, April 27, 2021. The Company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the financial results.

South Plains Financial, Inc. Announces First Quarter 2021 Earnings Call

South Plains Financial (SPFI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

South Plains Financial (SPFI) Stock Jumps 6.2%: Will It Continue to Soar?

LUBBOCK, Texas, Feb. 01, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced the release of the Company's inaugural Environmental, Social & Governance (“ESG”) Highlights Report. This inaugural report is part of the Company's commitment to being a responsible corporate citizen in each of the unique communities in which the Bank operates.

South Plains Financial, Inc. Publishes Inaugural ESG Highlights Report

South Plains Financial, Inc. (SPFI) CEO Curtis Griffith on Q4 2020 Results - Earnings Call Transcript

South Plains Financial (SPFI) delivered earnings and revenue surprises of 19.18% and 0.60%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

South Plains Financial (SPFI) Q4 Earnings and Revenues Top Estimates

Shares of South Plains Financial (NASDAQ:SPFI) were unchanged in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 58.18% over the past year to $0.87, which beat the estimate of $0.74.

South Plains Financial: Q4 Earnings Insights

LUBBOCK, Texas, Jan. 27, 2021 (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 and year ended December 31, 2020.

South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2020 Financial Results

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LUBBOCK, Texas, Jan. 13, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its fourth quarter and full year 2020 financial results will be released after market close Wednesday, January 27, 2021. The Company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the financial results.

South Plains Financial, Inc. Announces Fourth Quarter and Full Year 2020 Earnings Call

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.

Is South Plains (SPFI) Stock Undervalued Right Now?

South Plains Financial (SPFI) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: South Plains Financial (SPFI)

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LUBBOCK, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that the board of directors of the Company (the “Board”) authorized the resumption of its share repurchase program. The share repurchase program commenced in March of 2020 and allows for the repurchase of up to $10 million of the Company's common stock. Repurchases under the share repurchase program were temporarily suspended by the Board in April of 2020 in light of the uncertainties presented by the COVID-19 pandemic and surrounding events. To date, the Company has repurchased 4,700 shares of common stock totaling approximately $61,000 of the $10.0 million authorized for repurchase under the stock repurchase program.  The expiration of the share repurchase program was also extended from April 15, 2021 until November 5, 2021.

South Plains Financial, Inc. Announces Resumption of Share Repurchase Program

South Plains Financial, Inc. (SPFI) CEO Curtis Griffith on Q3 2020 Results - Earnings Call Transcript

News for South Plains Financial Inc Stock (SPFI)