LUBBOCK, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains"), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in July 2024. The dividend is payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024. About South Plains Financial, Inc. South Plains ...

A downtrend has been apparent in South Plains Financial (SPFI) lately. While the stock has lost 8.2% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bulli ...

South Plains Financial (SPFI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...

财务业绩 - 公司在2024年第二季度实现净利润1,110万美元，每股摊薄收益0.66美元[227] - 公司在2024年上半年实现净利润2,200万美元，每股摊薄收益1.30美元[228] - 公司2024年第二季度的平均权益收益率(年化)为10.83%，平均资产收益率(年化)为1.07%[227] - 公司2024年上半年的平均权益收益率(年化)为10.78%，平均资产收益率(年化)为1.06%[228] 利息收支 - 公司2024年第二季度的净息差为2.54%，净利差为3.63%[238] - 公司2024年第二季度的贷款余额为30.83亿美元，贷款收益率为6.60%[231] - 公司2024年第二季度的投资证券余额为6.89亿美元，收益率为3.98%[231] - 公司2024年第二季度的活期存款、储蓄存款和货币市场存款余额为22.21亿美元，平均成本为3.20%[234] - 公司2024年第二季度的定期存款余额为3.93亿美元，平均成本为4.07%[234] - 公司2024年第二季度的无息存款余额为9.60亿美元[236] - 公司上半年净利息收入为71.3百万美元，较上年同期增加2.4百万美元或3.4%[256] - 上半年贷款利息收入增加17.0百万美元，主要由于平均贷款余额增加2.12亿美元和贷款收益率提高70个基点[256] - 上半年利息支出增加17.3百万美元，主要由于平均计息存款增加3.22亿美元和计息存款利率上升105个基点[256] - 上半年净利差和净利差率分别为2.52%和3.60%，较上年同期下降32个基点和10个基点[257] 贷款损失准备 - 第二季度拨备计提1.8百万美元，较上年同期下降1.9百万美元，主要由于期内贷款净增长减少1.08亿美元和单项评估贷款拨备减少456千美元[259] - 上半年拨备计提2.6百万美元，较上年同期下降2.1百万美元，主要由于期内贷款净增长减少1.51亿美元和单项评估贷款拨备减少399千美元[260] - 公司面临持续的高利率环境和通胀压力，未来可能需要进一步计提贷款损失准备金[310] - 公司将根据贷款的担保情况和可收回性对贷款计提个别评估的贷款损失准备[321] 非利息收入 - 非利息收入是公司总收入的重要组成部分，主要来源于抵押贷款业务、存款账户服务费、银行卡服务和保险业务[262] - 公司非利息收入在2024年第二季度为1,270.9万美元，较2023年同期下降34.4百万美元或73.0%[266] - 存款账户服务费收入增加20.4万美元或11.7%[267] - 抵押贷款业务收入下降186.1万美元或35.4%[268] - 出售子公司Windmark保险公司产生3,348.8万美元收益[269] - 公司非利息收入在2024年上半年为2,411.8万美元，较2023年同期下降33.7百万美元或58.3%[270] - 存款账户服务费收入增加31.6万美元或9.2%[271] - 保险业务收入由于出售Windmark下降138.4万美元[272] 非利息支出 - 公司非利息支出在2024年第二季度为3,257.2万美元，较2023年同期下降7.9百万美元或19.6%[276] - 工资和员工福利支出下降423.8万美元或18.1%[277] - 出售证券产生330.9万美元损失[278] 贷款组合 - 公司贷款组合中72.2%为房地产抵押贷款[289] - 公司设有商业房地产贷款和无担保贷款的集中度限制，所有贷款类型均在既定限额内[290] - 商业房地产贷款增加4.1%至11.3亿美元，主要由于多户家庭物业贷款增加6490万美元[292] - 商业一般贷款增加2.0%至5.278亿美元，主要由于商品和服务行业贷款增加[294] - 商业专项贷款增加13.5%至4.226亿美元，主要由于能源行业贷款增加4730万美元[295] - 消费贷款下降0.4%至9.106亿美元，主要由于汽车贷款减少3280万美元[297] - 建筑贷款下降16.3%至1.081亿美元，主要由于住宅建筑需求下降[299] 贷款质量 - 公司计提贷款损失准备金2.5百万美元，主要由于贷款规模增加8010万美元[310] - 净核销金额为77.6万美元，占平均贷款的0.03%，较上年同期增加0.02个百分点[318] - 不良贷款余额为2.18亿美元，占贷款总额的0.71%，较上年末增加0.6个百分点[324] - 贷款损失准备金余额为4,317万美元，占贷款总额的1.40%，较上年末下降0.01个百分点[317] - 公司对于财务状况较差的借款人提供了本金减免、期限延长等贷款重组措施[326] - 公司将部分贷款调整为非应计状态，并根据贷款的可收回性计提了相应的贷款损失准备[320,321] - 公司持有的不良资产包括不良贷款和已收回资产，总额为2.35亿美元[323,325] 证券投资 - 公司证券投资组合规模为5.91亿美元，较上年末下降5.1%[330] - 公司证券投资组合的规模和结构对公司的流动性管理和利率风险管理具有重要作用[328,329] - 公司可用于出售的证券公允价值低于摊余成本，因此包含未实现损失，在2024年

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. For South Plains Financial, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meani ...

财务数据和关键指标变化 - 第二季度每股摊薄收益为0.66美元,较上一季度的0.64美元有所增长 [13] - 净利息收入从上一季度的35.4百万美元增加至35.9百万美元 [42] - 净息差从上一季度的3.56%扩大至3.63% [43] - 无息存款占总存款的比例从上一季度的26.8%下降至26.3% [44] - 存款平均成本从上一季度的241个基点上升至243个基点 [45] - 贷款损失准备占贷款总额的比例保持在1.40%不变 [47] 各条业务线数据和关键指标变化 - 贷款组合在第二季度增长82.5百万美元或10.9%的年化增长率 [27] - 贷款组合收益率从上一季度的6.53%上升至6.6% [30] - 间接汽车贷款组合从上一季度的273.4百万美元下降至253.7百万美元 [37] - 非利息收入从上一季度的11.4百万美元增加至12.7百万美元,占银行收入的26% [40][41] 各个市场数据和关键指标变化 - 主要大都市市场贷款组合从上一季度的10.59亿美元增长至10.67亿美元,增长3% [32] - 公司在大都市市场和地区市场都有良好的贷款增长机会 [33][34] 公司战略和发展方向及行业竞争 - 公司将继续专注于提高盈利能力和收益,为所有利益相关方创造价值 [53] - 公司将保持谨慎和警惕的信贷文化,不会为了增长而牺牲信贷质量 [20][22] - 公司将继续专注于有机增长,同时也关注潜在的并购机会 [104][106] 管理层对经营环境和未来前景的评论 - 公司认为当前经济环境存在不确定性,但公司已做好充分准备应对各种情况 [21][22] - 公司预计下半年贷款增长将放缓,净息差扩张也将趋于温和 [15][29] - 公司认为利率下降对其影响将较为中性,需要更多降息才能带来明显利益 [74][75] 其他重要信息 - 公司已连续21个季度派发季度股息,并有10亿美元的股票回购计划 [23][24] - 公司在2023年被S&P Global Market Intelligence评为美国第28大表现最佳的社区银行 [17] - 公司在2024年被福布斯杂志评为美国最佳银行之一 [17] 问答环节重要的提问和回答 问题1 **Brett Rabatin 提问** 询问非利息收入中银行卡业务的可持续性 [55] **Steve Crockett 回答** 银行卡业务收入在第二季度有所提升,但这是由于一些年度返利和其他因素导致的,未来可能会有所下降,但整体非利息收入应该保持较好的运营水平 [56] 问题2 **Joe Yanchunis 提问** 询问公司是否有股票回购计划,以及未来的回购意向 [68][69] **Curtis Griffith 和 Cory Newsom 回答** 公司在本季度进行了少量的股票回购,但未来可能会放慢回购步伐,因为目前股价已经有较好的表现 [70][72] 问题3 **Woody Lay 提问** 询问客户对信贷的需求情况 [78][79][80][81] **Brent Bates 和 Curtis Griffith 回答** 公司看到客户对信贷的需求仍然较为稳定,主要来自于并购交易、农业贷款等领域,但未来增长可能会有所放缓 [79][82][83][84][85]

South Plains Financial (SPFI) reported $48.6 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 40.5%. EPS of $0.66 for the same period compares to $0.55 a year ago. Efficiency ratio: 66.7% versus 69.6% estimated by two analysts on average. Average Balance - Total interest-earning assets: $4 billion versus $4.04 billion estimated by two analysts on average. Nonperforming Loans: $23.45 million versus $3.87 million estimated by two analysts on average. Net Interest Ma ...

This quarterly report represents an earnings surprise of 15.79%. A quarter ago, it was expected that this company would post earnings of $0.58 per share when it actually produced earnings of $0.64, delivering a surprise of 10.34%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While South Plains Financial has underperformed the market so far this year, the q ...

Exhibit 99.1 South Plains Financial, Inc. Reports Second Quarter 2024 Financial Results ● Net income for the second quarter of 2024 was $11.1 million, compared to $10.9 million for the first quarter of 2024 and $29.7 million for the second quarter of 2023. The decrease in net income for the second quarter of 2024 as compared to the second quarter of 2023 was primarily due to the sale of Windmark Insurance Agency, Inc. ("Windmark") in the second quarter of 2023, which resulted in a gain of $33.5 million befo ...