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South Plains Financial, Inc. (SPFI) provides comprehensive banking and insurance services to businesses and individuals across its markets. This dedicated news hub aggregates all official company announcements and verified media coverage for transparent investor access.
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South Plains Financial (NASDAQ:SPFI) reported third quarter 2024 financial results with net income of $11.2 million, slightly up from $11.1 million in Q2 2024 but down from $13.5 million in Q3 2023. Diluted EPS remained stable at $0.66 compared to Q2 2024. The company's net interest margin improved to 3.65%, while deposits increased by $94.8 million to $3.72 billion. Nonperforming assets to total assets were 0.59%. The loan portfolio decreased by $56.9 million to $3.04 billion, while the allowance for credit losses ratio stood at 1.41%. Book value per share increased to $27.04, driven by net income and improved accumulated other comprehensive income.
South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, has announced a 7% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.15 per share of common stock, up from the previous dividend declared in July 2024. This increased dividend will be payable on November 12, 2024 to shareholders of record as of the close of business on October 28, 2024. The announcement demonstrates South Plains' commitment to delivering value to its shareholders and reflects the company's confidence in its financial position and future prospects.
South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, has announced the release of its third quarter 2024 financial results. The results will be made public after market close on Wednesday, October 23, 2024. Following the release, the company will host a conference call and webcast at 5:00 p.m. ET to discuss the financial outcomes.
Interested investors and analysts can participate in the call by dialing 1-877-407-9716 (international callers: 1-201-493-6779) about 10 minutes before the call starts. A live audio webcast will be available on the company's website. A replay of the call will be accessible until November 6, 2024, through the company's website or by dialing 1-844-512-2921 (international: 1-412-317-6671) with the pin 13749147.
South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, has announced a quarterly cash dividend of $0.14 per share of common stock. The dividend will be payable on August 12, 2024 to shareholders of record as of the close of business on July 29, 2024. This announcement demonstrates South Plains' commitment to providing regular returns to its shareholders and reflects the company's financial stability.
South Plains Financial, Inc. (NASDAQ:SPFI) reported its Q2 2024 financial results. Net income was $11.1 million, up from $10.9 million in Q1 2024 but down from $29.7 million in Q2 2023. Diluted EPS was $0.66, compared to $0.64 in Q1 2024 and $1.71 in Q2 2023. The net interest margin improved to 3.63% from 3.56% in Q1 2024. Loans held for investment increased by 2.7% to $3.09 billion, while deposits slightly decreased by 0.4% to $3.62 billion. The allowance for credit losses to loans held for investment ratio remained stable at 1.40%. The company's capital position remained strong with a tangible book value per share of $24.15, up from $23.56 in Q1 2024.
South Plains Financial (NASDAQ: SPFI) will release its second quarter 2024 financial results after market close on July 18, 2024.
The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss these results. Interested parties can dial in or access the live audio webcast on the company's website.
A replay of the call will be available until August 1, 2024.
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