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Jun 30, 2022
South Plains Financial Q2 2022 Earnings Report
Reported financial results for the quarter ended June 30, 2022.
Key Takeaways
South Plains Financial, Inc. reported net income of $15.9 million and diluted earnings per share of $0.88 for the second quarter of 2022. Loan portfolio grew 20.8% annualized with strength coming from commercial real estate loans.
Net income for the second quarter of 2022 was $15.9 million, compared to $13.7 million for the second quarter of 2021.
Diluted earnings per share for the second quarter of 2022 was $0.88, compared to $0.74 for the second quarter of 2021.
Loans held for investment grew $126.9 million, or 20.8% annualized, during the second quarter of 2022 as compared to March 31, 2022.
Nonperforming assets to total assets were 0.20% at June 30, 2022, compared to 0.37% at June 30, 2021.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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