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Dec 31, 2021
South Plains Financial Q4 2021 Earnings Report
Financial results reported for the quarter and year ended December 31, 2021.
Key Takeaways
South Plains Financial, Inc. reported net income of $14.6 million and diluted earnings per share of $0.79 for the fourth quarter of 2021. The company's average cost of deposits decreased to 23 basis points, and nonperforming assets to total assets were 0.30% at the end of the quarter.
Net income for the fourth quarter of 2021 was $14.6 million, compared to $15.9 million for the fourth quarter of 2020.
Diluted earnings per share for the fourth quarter of 2021 was $0.79, compared to $0.87 for the fourth quarter of 2020.
Pre-tax, pre-provision income (non-GAAP) for the fourth quarter of 2021 was $18.2 million, compared to $20.0 million for the fourth quarter of 2020.
Average cost of deposits for the fourth quarter of 2021 decreased to 23 basis points, compared to 31 basis points for the fourth quarter of 2020.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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