South Plains Financial Q3 net income $13.5M, EPS $0.78; deposits up 1.3% sequentially

SOUTH PLAINS FINANCIAL, INC.

2023-Q3 EPS reported $3.01

Net income $13.5M, diluted EPS $0.78; Q2 included $22.9M gain on sale of Windmark.
Deposits grew $46.1M (+1.3%) to $3.62B; noninterest-bearing deposits 28.9%.
Net interest margin (tax-equivalent) 3.52% vs 3.65% in Q2; loan yield rose to 6.10%.
Nonperforming assets/total assets improved to 0.12% from 0.51% in Q2.
Repurchased 355,000 shares for $9.3M in Q3.

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 quarter ended September 30, 2023 results: revenue $35.7 million.

Period: quarter ended September 30, 2023
Revenue: $35.7 million
Result: reported results

Exact text from the filing

reported its financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights ● Net income for the third quarter of 2023 was $13.5 million, compared to $29.7 million for the second quarter of 2023 and $15.5 million for the third quarter of 2022. ● Diluted earnings per share for the third quarter of 2023 was $0.78, compared to $1.71 for the second quarter of 2023 and $0.86 for the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTH PLAINS FINANCIAL, INC. reported quarter ended September 30, 2023 results: revenue $35.7 million.

Period: quarter ended September 30, 2023
Revenue: $35.7 million
Result: reported results

Exact text from the filing

Net interest income was $35.7 million for the third quarter of 2023, compared to $34.6 million for the second quarter of 2023 and $35.1 million for the third quarter of 2022.

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

SOUTH PLAINS FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-049331

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