South Plains Financial exceeded Q2 estimates with $0.66 EPS and $71.92M revenue, declaring a $0.14/share quarterly dividend.
South Plains Financial (SPFI) surpassed Q2 analyst estimates with $0.66 EPS and $71.92M revenue, compared to estimates of $0.56 and $46.5M. The company declared a $0.14/share quarterly dividend, with a dividend yield of 1.79%. Its payout ratio is 21.7%, and analysts predict a 21.7% future payout ratio, indicating continued dividend coverage. Strong loan growth contributed to margin expansion.
July 20, 2024
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