Compared to Estimates, South Plains Financial (SPFI) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, South Plains Financial (SPFI) reported revenue of $44.31 million, down 9.6% over the same period last year. EPS came in at $0.61, compared to $0.71 in the year-ago quarter.
The reported revenue represents a surprise of -6.23% over the Zacks Consensus Estimate of $47.25 million. With the consensus EPS estimate being $0.65, the EPS surprise was -6.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how South Plains Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 68.7% versus the two-analyst average estimate of 67.3%.
Average Balance - Total interest-earning assets: $3.99 billion compared to the $4.07 billion average estimate based on two analysts.
Nonperforming Loans: $5.18 million compared to the $5.76 million average estimate based on two analysts.
Net Interest Margin (FTE): 3.5% compared to the 3.5% average estimate based on two analysts.
Net charge-offs (recoveries) to average loans outstanding (annualized): 0.1% versus 0.1% estimated by two analysts on average.
Net Interest Income: $35.16 million versus the two-analyst average estimate of $35.43 million.
Net Interest Income (FTE): $35.39 million versus $35.54 million estimated by two analysts on average.
Total Noninterest Income: $9.15 million versus $11.74 million estimated by two analysts on average.
View all Key Company Metrics for South Plains Financial here>>>
Shares of South Plains Financial have returned -3.9% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report
