South Plains Financial (SPFI) News Today

South Plains Financial, Inc. (NASDAQ:SPFI) has seen its shares move today following strong second-quarter results, a dividend hike and an upgraded analyst outlook.

• Positive Sentiment: Shares jumped after reporting Q2 EPS of $0.86 (including a $0.09 one-time benefit), net income of $12.2 million and net interest margin expansion to 4.07%, driving a 7.9% stock gain. Stock Price Up 7.9% Article
• Positive Sentiment: The board approved a 6.7% increase to the quarterly dividend, raising it to $0.16 per share (1.58% yield). Dividend Increase Article
• Positive Sentiment: Following the dividend announcement, SPFI hit a new 12-month high. 12-Month High Article
• Positive Sentiment: Raymond James reaffirmed its “Outperform” rating and raised its price target to $42.00 from $38.00. Analyst Rating Article
• Neutral Sentiment: Operational highlights included modest loan growth, improved core deposit mix, capital ratio expansion and proactive hiring, partly offset by elevated loan payoffs. Loan Growth Article
• Neutral Sentiment: The full Q2 2025 earnings call transcript is now available for review. Earnings Call Transcript
• Neutral Sentiment: A preview of SPFI’s Q2 2025 earnings report is available ahead of the release. Earnings Preview Article