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Mar 31, 2024
South Plains Financial Q1 2024 Earnings Report
Reported financial results for the first quarter of 2024.
Key Takeaways
South Plains Financial, Inc. reported a net income of $10.9 million and diluted earnings per share of $0.64 for the first quarter of 2024. The net interest margin was 3.56%, and the return on average assets was 1.04%.
Net income for the first quarter of 2024 was $10.9 million, compared to $9.2 million for the first quarter of 2023.
Diluted earnings per share for the first quarter of 2024 was $0.64, compared to $0.53 for the first quarter of 2023.
Net interest margin was 3.56% for the first quarter of 2024, compared to 3.75% for the first quarter of 2023.
Nonperforming assets to total assets were 0.10% at March 31, 2024, compared to 0.19% at March 31, 2023.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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