South Plains Financial (SPFI) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - South Plains Financial (SPFI) reported revenue of $53.88 million for the quarter ended December 2025, reflecting a year-over-year increase of 3.9% [1] - The company's earnings per share (EPS) was $0.90, down from $0.96 in the same quarter last year, but exceeded the consensus estimate of $0.84, resulting in an EPS surprise of +7.14% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $53.45 million, indicating a revenue surprise of +0.81% [1] Financial Performance Metrics - Efficiency ratio stood at 61%, better than the two-analyst average estimate of 63% [4] - Average balance of total interest-earning assets was $4.29 billion, exceeding the $4.19 billion average estimate [4] - Nonperforming loans were reported at $9.81 million, slightly above the estimated $9.8 million [4] - Net interest margin (FTE) was 4%, matching the two-analyst average estimate [4] - Net charge-offs to average loans outstanding (annualized) were 0.1%, better than the average estimate of 0.2% [4] - Total noninterest income was $10.93 million, below the average estimate of $11.31 million [4] - Net interest income reached $42.95 million, surpassing the average estimate of $42.15 million [4] Stock Performance - Shares of South Plains Financial have returned +3.6% over the past month, outperforming the Zacks S&P 500 composite's +0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]