South Plains Financial, Inc. Reports Third Quarter 2024 Financial Results
South Plains Financial, Inc. (SPFI)
Last south plains financial, inc. earnings: 4/30 04:10 pm
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Source: GlobeNewswire
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. Third Quarter 2024 Highlights Net income for the third quarter of 2024 was $11.2 million, compared to $11.1 million for the second quarter of 2024 and $13.5 million for the third quarter of 2023.Diluted earnings per share for the third quarter of 2024 was $0.66, compared to $0.66 for the second quarter of 2024 and $0.78 for the third quarter of 2023.Average cost of deposits for the third quarter of 2024 was 247 basis points, compared to 243 basis points for the second quarter of 2024 and 207 basis points for the third quarter of 2023.Net interest margin, calculated on a tax-equivalent basis, was 3.65% for the third quarter of 2024, compared to 3.63% for the second quarter of 2024 and 3.52% for the third quarter of 202
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News
- South Plains Financial (NASDAQ:SPFI) shareholders have earned a 14% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Earnings Estimates Moving Higher for South Plains Financial (SPFI): Time to Buy? [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. (NASDAQ: SPFI) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $45.00 price target on the stock, down previously from $46.00.MarketBeat
- South Plains Financial, Inc. (NASDAQ: SPFI) had its price target raised by analysts at Hovde Group from $46.00 to $47.00. They now have an "outperform" rating on the stock.MarketBeat
- South Plains Financial, Inc. 2024 Q4 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
SPFI
Earnings
- 1/24/25 - Beat
SPFI
Analyst Actions
- 1/27/25 - Keefe, Bruyette & Woods
SPFI
Sec Filings
- 2/14/25 - Form 4
- 2/14/25 - Form 144/A
- 2/14/25 - Form SCHEDULE
- SPFI's page on the SEC website