Overview

* South Plains Q3 net income rises to $16.3 mln, up from $11.2 mln last year

* Diluted EPS for Q3 2025 was $0.96, up from $0.66 in Q3 2024

* Net interest income increased to $43 mln, supported by low-cost deposits

Outlook

* Company plans to expand lending team by up to 20% next year

* South Plains anticipates asset growth through organic expansion and M&A

* Company engaging in discussions with potential target banks for acquisition

Result Drivers

* NET INTEREST INCOME - Co attributes increase in net interest income to low-cost deposit franchise and improved credit quality

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.96

Q3 Net $16.30

Income mln

Q3 Net $43 mln

Interest

Income

Q3 $500,000

Credit

Loss

Provisio

n

Q3 Net 4.05%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for South Plains Financial Inc ( SPFI ) is $44.00, about 14.9% above its October 21 closing price of $37.45

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)