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Stock impact report

South Plains Financial, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]

South Plains Financial, Inc. (SPFI) 
Last south plains financial, inc. earnings: 4/30 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net income for the first quarter of 2024 was $10.9 million, compared to $10.3 million for the fourth quarter of 2023 and $9.2 million for the first quarter of 2023. Diluted earnings per share for the first quarter of 2024 was $0.64, compared to $0.61 for the fourth quarter of 2023 and $0.53 for the first quarter of 2023. Average cost of deposits for the first quarter of 2024 was 241 basis points, compared to 224 basis points for the fourth quarter of 2023 and 136 basis points for the first quarter of 2023. Net interest margin, calculated on a tax-equivalent basis, was 3.56% for the first quarter of 2024, compared to 3.52% for the fourth quarter of 2023. Nonperforming assets to total assets were 0.10% at March 31, 2024, compared to 0.14% at December 31, 2023 and 0.19% at March 31, 2023. Return on average assets for the first qu Show less Read more
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