South Plains Q2 net income $29.7M ($1.71 EPS) includes $22.9M Windmark gain; core EPS $0.55

SOUTH PLAINS FINANCIAL, INC.

2023-Q2 EPS reported $2.23

Net income $29.7M, diluted EPS $1.71; adjusted EPS $0.55 excluding $22.9M net Windmark gain and $2.7M securities loss.
Loans held for investment grew 6.8% to $2.98B; deposits up 1.9% to $3.57B.
Nonperforming assets to total assets rose to 0.51% from 0.19%, driven by a $13.3M nonaccrual relationship.
Board authorized $15M stock repurchase in May; ~113,000 shares repurchased in Q2.
Net interest margin (tax-equivalent) 3.65%, down from 3.75% Q1 2023 and 4.02% Q2 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SOUTH PLAINS FINANCIAL, INC. reported second quarter ended June 30, 2023 results: net income $29.7 million, EPS $1.71.

Period: second quarter ended June 30, 2023
Net income: $29.7 million
EPS: $1.71
Result: reported results

Exact text from the filing

South Plains Financial, Inc. Reports Second Quarter 2023 Financial Results

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

SOUTH PLAINS FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-036070

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