South Plains Financial Inc

SPFI remains in a corrective reset within its Stage 2 uptrend, holding above key support at the 200 and 50 DMAs after an oversold retracement. Medium-term structure is bullish, anchored by higher highs and higher lows, but short-term timing is neutral until price reclaims the 9/21 EMAs. We will stalk a pullback into the 200 DMA and prior support region for an optimal entry.

• ↑Q1 revenue $43M; deposits grew $154M (4%) showing core growth
• ↑NIM expanded to 4.04% from 4.00%, boosting net interest income
• ↓Elevated loan payoffs expected to persist, pressuring loan growth stability