NASDAQ$SPFI
South Plains Financial Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported second quarter 2020 financial results.
South Plains Financial, Inc. reported net income of $5.6 million and diluted earnings per share of $0.31 for the second quarter of 2020. Pre-tax, pre-provision income (non-GAAP) was $20.1 million. The provision for loan losses was $13.1 million, primarily due to management’s expectations regarding the continued economic downturn related to the ongoing COVID-19 pandemic.
- Net income for the second quarter of 2020 was $5.6 million, compared to $6.1 million for the second quarter of 2019.
- Diluted earnings per share for the second quarter of 2020 was $0.31, compared to $0.37 for the second quarter of 2019.
- Pre-tax, pre-provision income (non-GAAP) for the second quarter of 2020 was $20.1 million, compared to $8.6 million for the second quarter of 2019.
- Average cost of deposits for the second quarter of 2020 decreased to 39 basis points, compared to 108 basis points for the second quarter of 2019.
Headline financials
Revenue & EPS history
South Plains Financial · Revenue · Quarterly
$55.3M
Revenue by segment
South Plains Financial · $21.7M total across 3 segments · Q2 2020
- Mortgage Banking Activities$18M—82.6%
- Bank Card Services and Interchange Fees$2.34M—10.8%
- Service Charges on Deposits$1.44M—6.6%
Forward guidance
South Plains Financial feels well positioned to take advantage of opportunities that could be created 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 Q2 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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