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 (SPFI) delivered earnings and revenue surprises of 87.76% and 17.41%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

South Plains (SPFI) Q3 Earnings and Revenues Surpass Estimates

LUBBOCK, Texas, Oct. 22, 2020 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, an increase of $0.02 per share of common stock over the most recent quarterly cash dividend declared in July 2020. The dividend is payable on November 16, 2020 to the Company's shareholders of record as of the close of business on November 2, 2020. The amount and timing of any future dividend payments to the Company's shareholders will be subject to the discretion of the Company's Board of Directors.

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

South Plains (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 (SPFI) Reports Next Week: Wall Street Expects Earnings Growth

LUBBOCK, Texas, Oct. 13, 2020 (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 2020 financial results will be released after market close Tuesday, October 27, 2020. 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 Third Quarter 2020 Earnings Call

LUBBOCK, Texas, Sept.  29, 2020  (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, announced today the completion of its private placement of $50.0 million in fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes bear interest at a fixed rate of 4.50% for the first five years, and the interest rate will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 438 basis points. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after September 30, 2025, or at any time, in whole but not in part, upon certain other specified events.

South Plains Financial, Inc. Completed Private Placement of $50.0 Million of 4.50% Fixed-to-Floating Rate Subordinated Notes

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

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