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Stock impact report

South Plains Financial, Inc. Reports First Quarter 2019 Financial Results

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, June 24, 2019 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today reported its results as of and for the quarter ended March 31, 2019.   First Quarter 2019 Financial Highlights Net income for the first quarter of 2019 increased to $4.8 million, compared to $4.6 million(1) in the first quarter of 2018.Diluted earnings per share were $0.32 for the first quarter of 2019, compared to $0.31(1) for the first quarter of 2018.Net interest margin(2) was 3.93%, compared to 3.87% in the first quarter of 2018.Deposit growth of $27.5 million, or 1.2%, for the three months ended March 31, 2019.Return on average assets was 0.71% annualized.Book value per share(3) of $14.80 for the first quarter of 2019, compared to $14.59 per share for the quarter ended March 31, 2018.Total stockholders’ equity to total assets(3) was 7.96%. Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, sta Show less Read more
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