NASDAQ$SPFI
South Plains Financial Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
South Plains Financial's fourth quarter earnings decreased compared to the previous quarter and the same period last year.
South Plains Financial, Inc. reported net income of $10.3 million and diluted earnings per share of $0.61 for the fourth quarter of 2023. The company experienced loan growth and maintained strong credit quality, but net interest income and noninterest income decreased compared to the previous quarter. The average cost of deposits increased, and the company continued to repurchase shares.
- Net income for Q4 2023 was $10.3 million, a decrease from both the previous quarter and the same quarter of the prior year.
- Diluted earnings per share for Q4 2023 were $0.61, also lower than the previous quarter and the same quarter last year.
- Loans held for investment grew by $20.6 million, or 2.8% annualized, during Q4 2023.
- The company repurchased 218 thousand shares during the fourth quarter.
Headline financials
Revenue & EPS history
South Plains Financial · Revenue · Quarterly
$44.3M
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
This document does not contain forward guidance.
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 Q4 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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