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Stock impact report

South Plains Financial, Inc. Announces Stock Repurchase Program

South Plains Financial, Inc. (SPFI) 
Last south plains financial, inc. earnings: 4/30 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
LUBBOCK, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a stock repurchase program for up to $10.0 million of the outstanding shares of the Company’s common stock (the “Stock Repurchase Program”). The Stock Repurchase Program will conclude on February 21, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the $10.0 million designated for the Stock Repurchase Program are depleted. Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, commented, “I am very pleased with the momentum in our business highlighted by our strong full year 2023 financial results combined with the many opportunities that we have in front of us to further grow the Bank. However, we believe that our shares continue to trade below intrinsic value. As a result, our Board has authorized a $10.0 mi Show less Read more
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