South Plains Financial | 10-Q: FY2025 Q3 Revenue: USD 75.69 M

Revenue: As of FY2025 Q3, the actual value is USD 75.69 M.

EPS: As of FY2025 Q3, the actual value is USD 0.96, beating the estimate of USD 0.855.

EBIT: As of FY2025 Q3, the actual value is USD -22.36 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025, was $188,577 thousand, compared to $179,575 thousand for the same period in 2024.

Operational Metrics

• Net Income: For the nine months ended September 30, 2025, net income was $43,217 thousand, compared to $33,220 thousand for the same period in 2024.
• Provision for Credit Losses: The provision for credit losses for the nine months ended September 30, 2025, was $3,420 thousand, compared to $3,100 thousand for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $65,057 thousand, compared to $55,209 thousand for the same period in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $194,413 thousand, compared to $85,033 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses (ACL): The ACL for loans was $44,125 thousand at September 30, 2025, compared to $43,237 thousand at December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its core banking operations, with an emphasis on maintaining strong credit quality and managing interest rate risk effectively. The company aims to enhance its digital banking capabilities to improve customer experience and operational efficiency.
• Non-Core Business: The company does not have significant plans for divestitures or expansion into non-core business areas at this time.