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South Plains Financial (SPFI) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - South Plains Financial (SPFI) reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and showing an increase from $0.66 per share a year ago, representing an earnings surprise of +11.69% [1][2] Financial Performance - The company achieved revenues of $54.67 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.74%, compared to $48.6 million in the same quarter last year [2] - Over the last four quarters, South Plains Financial has consistently surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - South Plains Financial shares have increased approximately 5.4% since the beginning of the year, while the S&P 500 has gained 6.2% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions prior to the earnings release [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $52.85 million, and for the current fiscal year, it is $3.08 on revenues of $206.15 million [7] - The outlook for the industry, specifically the Banks - Southeast sector, is favorable, ranking in the top 25% of over 250 Zacks industries, which historically outperforms the bottom 50% by more than 2 to 1 [8]