South Plains Financial, Inc. reported net income of $11.2 million for Q3 2024, with diluted earnings per share of $0.66. The company saw an increase in net interest income and remains well-capitalized.
Net income for the third quarter of 2024 was $11.2 million.
Diluted earnings per share for the third quarter of 2024 was $0.66.
Net interest margin was 3.65% for the third quarter of 2024.
Nonperforming assets to total assets were 0.59% at September 30, 2024.
South Plains Financial is cautiously optimistic about loan growth acceleration and expects deposit cost pressures to ease, supporting the net interest margin and deposit growth.
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