South Plains Financial (SPFI) Reports Q3 Earnings: What Key Metrics Have to Say
South Plains Financial (SPFI) reported $47.97 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.4%. EPS of $0.78 for the same period compares to $0.86 a year ago.
The reported revenue represents a surprise of -1.00% over the Zacks Consensus Estimate of $48.45 million. With the consensus EPS estimate being $0.64, the EPS surprise was +21.88%.
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: 65.3% versus the two-analyst average estimate of 67.8%.
Net Interest Margin (FTE): 3.5% versus 3.6% estimated by two analysts on average.
Net charge-offs (recoveries) to average loans outstanding (annualized): 0.1% versus the two-analyst average estimate of 0.1%.
Average Balance - Total interest-earning assets: $4.05 billion versus the two-analyst average estimate of $3.90 billion.
Net Interest Income: $35.69 million versus the two-analyst average estimate of $35.37 million.
Net Interest Income (FTE): $35.92 million compared to the $35.53 million average estimate based on two analysts.
Total Noninterest Income: $12.28 million versus the two-analyst average estimate of $12.90 million.
View all Key Company Metrics for South Plains Financial here>>>
Shares of South Plains Financial have returned -5.8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report
