South Plains Q1 net income $10.9M ($0.64 EPS); NIM expands to 3.56%

SOUTH PLAINS FINANCIAL, INC.

2024-Q1 EPS reported $0.64

Net income $10.9M vs $10.3M Q4 2023 and $9.2M Q1 2023; diluted EPS $0.64.
Net interest margin (tax-equivalent) 3.56%, up from 3.52% Q4 2023; loan yield 6.53%.
Nonperforming assets to total assets 0.10%, improved from 0.14% at Q4 2023.
Average cost of deposits 241 bps vs 224 bps Q4 2023; deposit growth modest.
Provision for credit losses $830k; tangible book value per share $23.56.

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 0.95

SOUTH PLAINS FINANCIAL, INC. reported the quarter ended March 31, 2024 results: net income $10.9 million, EPS $0.64.

Period: the quarter ended March 31, 2024
Net income: $10.9 million
EPS: $0.64
Result: reported results

Exact text from the filing

On April 25, 2024, South Plains Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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1436 earnings releases filed in the last 30 days. Browse all earnings releases →

SOUTH PLAINS FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001140361-24-022078

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