SPFI Stock - South Plains Financial, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $283.10M | $248.51M | $231.94M | $227.51M | $235.58M |
| Gross Profit | $185.00M | $171.62M | $211.86M | $216.16M | $194.06M |
| Gross Margin | 65.3% | 69.1% | 91.3% | 95.0% | 82.4% |
| Operating Income | $63.29M | $79.42M | $73.15M | $73.12M | $56.60M |
| Net Income | $49.72M | $62.74M | $58.24M | $58.61M | $45.35M |
| Net Margin | 17.6% | 25.2% | 25.1% | 25.8% | 19.3% |
| EPS | $3.03 | $3.82 | $3.42 | $3.30 | $2.51 |
South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 24th 2025 | Piper Sandler | Downgrade | Neutral | $41 |
| October 24th 2025 | Hovde Group | Reiterated | Outperform | $48← $45 |
| January 27th 2025 | Hovde Group | Reiterated | Outperform | $47← $46 |
| October 25th 2024 | Hovde Group | Reiterated | Outperform | $41← $36 |
| July 19th 2024 | Hovde Group | Reiterated | Outperform | $36← $32 |
| April 26th 2024 | Hovde Group | Reiterated | Outperform | $32← $34 |
| July 14th 2023 | Hovde Group | Initiation | Outperform | $28 |
| March 17th 2023 | Raymond James | Initiation | Outperform | $26 |
Earnings History & Surprises
SPFIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 23, 2026 | $0.84 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.87 | $0.96 | +10.3% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $0.77 | $0.86 | +11.7% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.65 | $0.72 | +10.8% | ✓ BEAT |
Q1 2025 | Jan 24, 2025 | $0.67 | $0.96 | +43.3% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $0.66 | $0.66 | 0.0% | = MET |
Q3 2024 | Jul 18, 2024 | $0.59 | $0.66 | +11.9% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.57 | $0.64 | +12.3% | ✓ BEAT |
Q1 2024 | Mar 15, 2024 | — | $0.61 | — | — |
Q4 2023 | Oct 24, 2023 | $0.64 | $0.78 | +21.9% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $0.62 | $0.55 | -11.3% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.57 | $0.53 | -7.0% | ✗ MISS |
Q1 2023 | Mar 13, 2023 | — | $0.71 | — | — |
Q4 2022 | Oct 21, 2022 | $0.70 | $0.86 | +22.9% | ✓ BEAT |
Q3 2022 | Jul 22, 2022 | $0.50 | $0.88 | +76.0% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.53 | $0.78 | +47.2% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.67 | $0.79 | +17.9% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.73 | $0.82 | +12.3% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $0.66 | $0.74 | +12.1% | ✓ BEAT |
Latest News
Raymond James Maintains Outperform on South Plains Financial, Raises Price Target to $44
📈 PositiveKeefe, Bruyette & Woods Maintains Outperform on South Plains Financial, Raises Price Target to $46
📈 PositiveSouth Plains Financial Signs Agreement To Acquire BOH Holdings In All-Stock Deal At ~$105.9M
📈 PositiveKeefe, Bruyette & Woods Maintains Outperform on South Plains Financial, Raises Price Target to $45
📈 PositivePiper Sandler Downgrades South Plains Financial to Neutral, Lowers Price Target to $41
📉 NegativeSouth Plains Financial Q3 EPS $0.96 Beats $0.85 Estimate, Sales $54.184M Beat $54.071M Estimate
📈 PositiveFrequently Asked Questions about SPFI
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