South Plains Financial Q4 net income $16.5M, EPS $0.96; declares $0.15 dividend

SOUTH PLAINS FINANCIAL, INC.

2024-FY EPS reported $2.92

Q4 2024 diluted EPS $0.96 vs $0.61 a year ago; net income $16.5M vs $10.3M.
Net interest margin (tax-equivalent) 3.75%, up from 3.52% in Q4 2023.
Average cost of deposits fell 18 bps QoQ to 229 bps; loans held for investment $3.06B.
Full-year 2024 net income $49.7M, down from $62.7M in 2023 (prior year included $22.9M gain on Windmark sale).
Quarterly cash dividend $0.15/share, payable Feb 18 to holders of record Feb 3.

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