South Plains Financial (SPFI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends ...

South Plains Financial, Inc. (NASDAQ:SPFI) Q4 2024 Earnings Conference Call January 24, 2025 10:00 AM ET Company Participants Steve Crockett - CFO and Treasurer Curtis Griffith - Chairman and CEO Cory Newsom - President Brent Bates - CCO Conference Call Participants Woody Lay - KBW Brett Rabatin - Hovde Group Stephen Scouten - Piper Sandler Joe Yanchunis - Raymond James Operator Good morning, ladies and gentlemen and welcome to the South Plains Financial, Inc. Fourth Quarter 2024 Earnings Conference Call. D ...

South Plains Financial Fourth Quarter and Year-End 2024 Earnings Presentation January 24, 2025 Safe Harbor Statement and Other Disclosures FORWARD-LOOKING STATEMENTS This presentation contains, and future oral and written statements of South Plains Financial, Inc. ("South Plains", "SPFI", or the "Company") and City Bank ("City Bank" or the "Bank") may contain, statements about future events that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ...

For the quarter ended December 2024, South Plains Financial (SPFI) reported revenue of $51.87 million, up 17.1% over the same period last year. EPS came in at $0.96, compared to $0.61 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $48.6 million, representing a surprise of +6.72%. The company delivered an EPS surprise of +45.45%, with the consensus EPS estimate being $0.66.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

Exhibit 99.1 South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results LUBBOCK, Texas, January 24, 2025 (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, 2024. Fourth Quarter 2024 Highlights Full Year 2024 Highlights Curtis Griffith, South Plains' Chairman and Chief Executive Officer, comment ...

South Plains Financial (SPFI) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this company would post earnings of $0.65 per share when it actually produced earnings of $0.66, delivering a surprise of 1.54%.Over the last four quarters, the co ...

LUBBOCK, Texas, Jan. 24, 2025 (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, 2024. Fourth Quarter 2024 Highlights Net income for the fourth quarter of 2024 was $16.5 million, compared to $11.2 million for the third quarter of 2024 and $10.3 million for the fourth quarter of 2023.Diluted earnings per share for the four ...

The upcoming report from South Plains Financial (SPFI) is expected to reveal quarterly earnings of $0.66 per share, indicating an increase of 8.2% compared to the year-ago period. Analysts forecast revenues of $48.6 million, representing an increase of 9.7% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announc ...

Earnings Announcement - South Plains Financial Inc will release its Q4 and full year 2024 financial results before market open on January 24 2025 [1] - The company will host a conference call and webcast at 10 00 am ET on January 24 2025 to discuss the financial results [1] Investor Participation - Investors and analysts can dial 1-877-407-9716 (international 1-201-493-6779) to participate in the conference call approximately 10 minutes prior to the start [2] - A live audio webcast will be available on the company's website at https://www spfi bank/news-events/events [2] Conference Call Replay - A replay of the conference call will be available within two hours of the conclusion and can be accessed through the News & Events tab of the company's website [3] - The replay can also be accessed by dialing 1-844-512-2921 (international 1-412-317-6671) with pin 13750452 [3] - The replay will be available until February 07 2025 [3] Company Overview - South Plains Financial Inc is the bank holding company for City Bank a Texas state-chartered bank headquartered in Lubbock Texas [4] - City Bank is one of the largest independent banks in West Texas with additional operations in Dallas El Paso Greater Houston the Permian Basin College Station Texas markets and Ruidoso New Mexico market [4] - The company provides commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas [4] - Principal business activities include commercial and retail banking along with investment trust and mortgage services [4]

The price trend for South Plains Financial (SPFI) has been bearish lately and the stock has lost 5.1% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only f ...