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Jun 30, 2023
South Plains Financial Q2 2023 Earnings Report
Reported financial results for the second quarter of 2023.
Key Takeaways
South Plains Financial reported a strong second quarter in 2023, marked by a significant increase in net income to $29.7 million and diluted earnings per share of $1.71, driven by the gain on sale of Windmark and growth in loans held for investment.
Net income for Q2 2023 was $29.7 million, a significant increase from $9.2 million in Q1 2023 and $15.9 million in Q2 2022.
Diluted earnings per share for Q2 2023 was $1.71, compared to $0.53 for Q1 2023 and $0.88 for Q2 2022.
Deposits grew by $66.5 million, or 1.9%, reaching $3.57 billion during Q2 2023.
Loans held for investment increased by $190.4 million, or 6.8%, in Q2 2023.
Revenue by Segment
Forward Guidance
The company did not include any forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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