South Plains Financial (SPFI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - South Plains Financial (SPFI) reported revenue of $54.18 million for the quarter ended September 2025, marking a year-over-year increase of 13.1% and a surprise of +0.25% over the Zacks Consensus Estimate of $54.05 million [1] - The earnings per share (EPS) for the same period was $0.96, compared to $0.66 a year ago, resulting in an EPS surprise of +10.34% against the consensus estimate of $0.87 [1] Financial Performance Metrics - Efficiency ratio was reported at 60.7%, better than the estimated 63.2% by two analysts [4] - Total interest-earning assets averaged $4.24 billion, matching the estimates by two analysts [4] - Nonperforming loans stood at $9.71 million, lower than the average estimate of $10.67 million [4] - Net Interest Margin (FTE) was 4.1%, exceeding the average estimate of 3.9% [4] - Net charge-offs to average loans outstanding (annualized) were 0.2%, higher than the average estimate of 0.1% [4] - Net Interest Income was reported at $43.02 million, surpassing the average estimate of $42 million [4] - Net Interest Income (FTE) was $43.25 million, also above the average estimate of $42 million [4] - Total Noninterest Income was $11.17 million, below the average estimate of $12.06 million [4] Stock Performance - Shares of South Plains Financial have returned -1.4% over the past month, while the Zacks S&P 500 composite has changed by +0.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]