NASDAQ$SPFI
South Plains Financial Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
South Plains Financial reported first quarter 2020 financial results.
South Plains Financial reported a net income of $7.1 million and diluted earnings per share of $0.38 for the first quarter of 2020. The company's performance was influenced by the economic uncertainty related to the COVID-19 pandemic and the drop in energy prices, leading to an increased provision for loan losses.
- Net income for the first quarter of 2020 was $7.1 million, compared to $4.8 million for the first quarter of 2019.
- Diluted earnings per share for the first quarter of 2020 was $0.38, compared to $0.32 for the first quarter of 2019.
- Average cost of deposits for the first quarter of 2020 declined 11 basis points to 65 basis points, compared to 76 basis points for the fourth quarter of 2019.
- The provision for loan losses in the first quarter of 2020 was $6.2 million, compared to $896,000 for the first quarter of 2019, due to the economic uncertainty related to the COVID-19 pandemic and drop in energy prices.
Headline financials
Revenue & EPS history
South Plains Financial · Revenue · Quarterly
$49.1M
Revenue by segment
South Plains Financial · $11M total across 3 segments · Q2 2023
- Mortgage Banking Activities$5.26M-39.3%47.6%
- Bank Card Services and Interchange Fees$4.04M+16.2%36.6%
- Service Charges on Deposits$1.75M—15.8%
Forward guidance
While the outlook remains uncertain, South Plains Financial remains confident in its disciplined underwriting culture, risk management processes, and liquidity position. The company believes it has the capital to absorb potential losses and is well-positioned to take advantage of opportunities in these difficult times.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.5%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.8%
Avg return
30 days after
55%
18 / 33 earnings
Positive
+5.9%
Q1 2021
Best reaction
-8.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -9.0% | -7.7% | |
| Q4 2025 | -2.0% | +0.8% | +3.4% | |
| Q3 2025 | +0.8% | -5.8% | -0.5% | |
| Q2 2025 | -2.4% | -0.4% | +0.0% | |
| Q1 2025 | +1.4% | +1.4% | +4.7% | |
| Q4 2024 | +5.4% | +3.7% | -3.1% | |
| Q3 2024 | -1.6% | +0.6% | +14.9% | |
| Q2 2024 | -0.5% | +7.5% | +2.7% | |
| Q1 2024 | -3.0% | -3.0% | +1.4% | |
| Q4 2023 | +2.0% | -4.7% | -8.6% | |
| Q3 2023 | +2.4% | +4.2% | +5.2% | |
| Q2 2023 | +3.0% | +5.1% | +3.2% | |
| Q1 2023 | +1.6% | -0.4% | +9.3% | |
| Q4 2022 | +1.5% | +1.2% | -3.3% | |
| Q3 2022 | -0.8% | +2.4% | +5.4% | |
| Q2 2022 | +5.5% | +6.3% | +10.8% | |
| Q1 2022 | -4.1% | -6.0% | -6.0% | |
| Q4 2021 | +0.3% | -1.5% | -2.2% | |
| Q3 2021 | +2.6% | +4.2% | +8.5% | |
| Q2 2021 | -0.2% | -2.5% | -2.8% | |
| Q1 2021 | +5.9% | +7.2% | +8.8% | |
| Q4 2020 | -2.9% | -2.2% | -1.3% | |
| Q3 2020 | -0.8% | +0.9% | +29.7% | |
| Q2 2020 | +5.4% | +2.3% | +7.7% | |
| Q1 2020 | -8.6% | -10.4% | -5.7% | |
| Q4 2018 | +4.2% | -2.4% | -22.6% | |
| Q4 2019 | +4.2% | -2.4% | -22.6% | |
| Q3 2018 | +4.6% | +9.5% | +13.9% | |
| Q3 2019 | +3.9% | +6.1% | +17.9% | |
| Q2 2018 | -5.4% | -3.1% | +2.4% | |
| Q2 2019 | +0.1% | -1.4% | -9.4% | |
| Q1 2018 | -2.3% | -4.4% | +2.2% | |
| Q1 2019 | -2.3% | -4.4% | +2.2% |
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