NASDAQ$SPFI
South Plains Financial Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
South Plains Financial reported third quarter results with net income of $13.5 million and diluted earnings per share of $0.78.
South Plains Financial reported a net income of $13.5 million for Q3 2023, a decrease compared to both Q2 2023 ($29.7 million) and Q3 2022 ($15.5 million). Diluted earnings per share were $0.78, also down from $1.71 in the previous quarter and $0.86 in the same quarter last year. Deposits grew slightly to $3.62 billion, and the net interest margin was 3.52%.
- Net income for Q3 2023 was $13.5 million, down from $29.7 million in Q2 2023 and $15.5 million in Q3 2022.
- Diluted earnings per share for Q3 2023 was $0.78, compared to $1.71 for Q2 2023 and $0.86 for Q3 2022.
- Deposits grew to $3.62 billion during Q3 2023, a 1.3% increase from June 30, 2023.
- Net interest margin was 3.52% for Q3 2023, compared to 3.65% for Q2 2023.
Headline financials
Revenue & EPS history
South Plains Financial · Revenue · Quarterly
$48M
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
No specific forward guidance was provided in the earnings report.
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 Q3 2023
+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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