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Mar 31, 2023
South Plains Financial Q1 2023 Earnings Report
Reported financial results for the quarter ended March 31, 2023.
Key Takeaways
South Plains Financial, Inc. reported a net income of $9.2 million and diluted earnings per share of $0.53 for the first quarter of 2023. Deposits grew to $3.51 billion, and loans held for investment reached $2.79 billion. The company's net interest margin was 3.75%.
Net income for the first quarter of 2023 was $9.2 million.
Diluted earnings per share for the first quarter of 2023 was $0.53.
Deposits grew $101.6 million, or 12% annualized, to $3.51 billion during the first quarter of 2023.
Loans held for investment grew $40.6 million, or 5.9% annualized, during the first quarter of 2023.
South Plains Financial
South Plains Financial
Forward Guidance
The company did not provide forward guidance in the earnings report.