South Plains Q4 net income $10.3M ($0.61 EPS), down from $12.6M YoY; full year EPS $3.62

SOUTH PLAINS FINANCIAL, INC.

2023-FY EPS reported $3.62

Net income Q4 2023 $10.3M vs $13.5M Q3 2023 and $12.6M Q4 2022.
Net interest margin (tax-equiv) 3.52% flat QoQ; deposit cost rose to 224 bps from 207 bps Q3.
Loans held for investment grew 9.7% YoY to $3.01B; nonperforming assets only 0.14% of total assets.
Tangible book value per share $23.47, up 11.4% from Q3; $15M buyback program exhausted.
Windmark sale in Q2 netted $22.9M gain; redeemed $12.4M in subordinated notes in Dec 2023.

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 and year ended December 31, 2023 results: net income $10.3 million, EPS $0.61.

Period: quarter and year ended December 31, 2023
Net income: $10.3 million
EPS: $0.61
Result: reported results

Exact text from the filing

Net income for the fourth quarter of 2023 was $10.3 million, compared to $13.5 million for the third quarter of 2023 and $12.6 million for the fourth 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 0001140361-24-003974

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