LUBBOCK, Texas (AP) 鈥� LUBBOCK, Texas (AP) 鈥� South Plains Financial, Inc. (SPFI) on Tuesday reported first-quarter earnings of $14.5 million.
The Lubbock, Texas-based bank said it had earnings of 85 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The company posted revenue of $73.9 million in the period. Its revenue net of interest expense was $54.1 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $54.3 million.
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