South Plains Financial announces $15M stock repurchase program through May 2024

SOUTH PLAINS FINANCIAL, INC.

Board authorized up to $15.0M in common stock repurchases; program expires May 5, 2024.
CEO cites shares trading 'meaningfully below intrinsic value' and strong fundamentals.
Repurchases funded partly from Windmark sale proceeds; 83% of deposits are insured.
Repurchases may occur via open market or Rule 10b5-1 plans; no obligation to buy any set amount.

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