South Plains Financial Q4 net income $12.6M, down 19% QoQ; EPS $0.71 vs $0.86

SOUTH PLAINS FINANCIAL, INC.

2022-FY EPS reported $3.23

Diluted EPS $0.71 vs $0.86 Q3 and $0.79 Q4 2021; net income $12.6M down from $15.5M.
Net interest margin expanded to 3.88% from 3.70% Q3; loans held for investment up 12.7% YoY to $2.75B.
Noninterest income fell $8.2M QoQ to $12.7M on lower mortgage banking (originations down 60.2% YoY).
Full year 2022 diluted EPS $3.23 vs $3.17; net income $58.2M vs $58.6M.
2023 loan growth outlook low single digit; repurchased 4.8% of shares outstanding in 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTH PLAINS FINANCIAL, INC. reported the fourth quarter of 2022 results: net income $12.6 million, EPS $0.71. Guidance initiated.

Period: the fourth quarter of 2022
Net income: $12.6 million
EPS: $0.71
Guidance: initiated
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2022 was $12.6 million, compared to $15.5 million for the third quarter of 2022 and $14.6 million for the fourth quarter of 2021. ● Diluted earnings per share for the fourth quarter of 2022 was $0.71, compared to $0.86 for the third quarter of 2022 and $0.79 for the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTH PLAINS FINANCIAL, INC. reported the year ended December 31, 2022 results: net income $58.2 million, EPS $3.23. Guidance initiated.

Period: the year ended December 31, 2022
Net income: $58.2 million
EPS: $3.23
Guidance: initiated
Result: reported results

Exact text from the filing

Full year net income of $58.2 million in 2022, compared to $58.6 million in 2021. ● Diluted earnings per share of $3.23 in 2022, compared to $3.17 in 2021.

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SOUTH PLAINS FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-002919

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