South Plains Financial (SPFI) to Release Earnings on Thursday

Key Points

• Earnings due April 23: South Plains Financial will report Q1 2026 results before the market opens on April 23; analysts expect $0.88 EPS and $54.08M revenue, with a conference call on April 28 at 5:00 PM ET.
• Capital returns: The company raised its quarterly dividend to $0.17 (annualized $0.68, ~1.6% yield) and the board authorized a $10 million share buyback (about 1.5% of shares outstanding).
• Recent performance and analyst view: SPFI beat last quarter's estimates ($0.90 vs. $0.84), trades around $43.77 with a market cap of ~$715M and a P/E of 12.7, and has an average analyst rating of Moderate Buy with a $46.75 target.

South Plains Financial (NASDAQ:SPFI - Get Free Report) is expected to post its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect South Plains Financial to post earnings of $0.88 per share and revenue of $54.0840 million for the quarter. Individuals can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Tuesday, April 28, 2026 at 5:00 PM ET.

South Plains Financial (NASDAQ:SPFI - Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. South Plains Financial had a net margin of 19.69% and a return on equity of 12.51%. The firm had revenue of $54.25 million for the quarter, compared to analysts' expectations of $54.11 million. On average, analysts expect South Plains Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Plains Financial Trading Down 1.2%

Shares of NASDAQ:SPFI opened at $43.77 on Thursday. The company's 50-day moving average price is $42.05 and its two-hundred day moving average price is $40.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. South Plains Financial has a one year low of $31.49 and a one year high of $44.58. The stock has a market capitalization of $715.20 million, a PE ratio of 12.72 and a beta of 0.54.

South Plains Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from South Plains Financial's previous quarterly dividend of $0.16. South Plains Financial's payout ratio is currently 19.77%.

South Plains Financial announced that its Board of Directors has initiated a share buyback plan on Monday, February 23rd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of South Plains Financial in a report on Monday, December 22nd. Hovde Group upped their target price on shares of South Plains Financial from $47.00 to $49.00 and gave the company an "outperform" rating in a report on Tuesday, January 27th. Raymond James Financial upped their target price on shares of South Plains Financial from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, January 7th. Zacks Research cut shares of South Plains Financial from a "strong-buy" rating to a "hold" rating in a report on Friday, March 27th. Finally, Piper Sandler raised shares of South Plains Financial from a "neutral" rating to an "overweight" rating and upped their target price for the company from $45.00 to $48.00 in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, South Plains Financial has an average rating of "Moderate Buy" and an average target price of $46.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in South Plains Financial by 10.5% in the 4th quarter. Empowered Funds LLC now owns 91,763 shares of the company's stock valued at $3,560,000 after acquiring an additional 8,749 shares during the period. Bridgeway Capital Management LLC raised its holdings in South Plains Financial by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 181,463 shares of the company's stock valued at $7,041,000 after acquiring an additional 8,749 shares during the period. AQR Capital Management LLC raised its holdings in South Plains Financial by 82.4% in the 4th quarter. AQR Capital Management LLC now owns 52,872 shares of the company's stock valued at $2,051,000 after acquiring an additional 23,882 shares during the period. Lazard Asset Management LLC raised its holdings in South Plains Financial by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 23,442 shares of the company's stock valued at $910,000 after acquiring an additional 868 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in South Plains Financial by 12.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,667 shares of the company's stock valued at $298,000 after acquiring an additional 844 shares during the period. 54.95% of the stock is owned by institutional investors.

South Plains Financial Company Profile

South Plains Financial, Inc is the bank holding company for South Plains Bank, a community-oriented financial institution headquartered in Lubbock, Texas. The company operates as a full-service commercial bank, providing a broad spectrum of banking solutions to individuals, small businesses and agricultural clients. Its principal subsidiary, South Plains Bank, holds state and national banking charters and is subject to regulatory oversight by the Federal Reserve and various state banking authorities.

The company’s product offerings include traditional deposit accounts such as checking, savings and money market accounts, as well as time deposits.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.