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Sep 30, 2022
South Plains Financial Q3 2022 Earnings Report
Reported financial results for the third quarter of 2022.
Key Takeaways
South Plains Financial reported net income of $15.5 million and diluted earnings per share of $0.86 for the third quarter of 2022. Loan growth was strong at 17.0% annualized, driven by both community and metropolitan markets. The company also repurchased 366 thousand shares of common stock during the quarter.
Net income for the third quarter of 2022 was $15.5 million.
Diluted earnings per share for the third quarter of 2022 was $0.86.
Loans held for investment grew 17.0% annualized during the third quarter of 2022.
The Company repurchased 366 thousand shares of common stock in the third quarter of 2022.