- South Plains Financial press release ( NASDAQ: SPFI ): Q4 GAAP EPS of $0.71 beats by $0.10 .
- Revenue of $48.99M (-9.9% Y/Y) misses by $2.4M .
- Pre-tax, pre-provision income (non-GAAP) for the fourth quarter of 2022 was $16.3 million, compared to $18.6 million for the third quarter of 2022 and $18.2 million for the fourth quarter of 2021.
- Average cost of deposits for the fourth quarter of 2022 increased to 97 basis points, compared to 52 basis points for the third quarter of 2022 and 23 basis points for the fourth quarter of 2021.
- Loans held for investment grew $57.7 million, or 8.6% annualized, during the fourth quarter of 2022 as compared to September 30, 2022.
- Nonperforming assets to total assets were 0.20% at December 31, 2022, compared to 0.20% at September 30, 2022 and 0.30% at December 31, 2021.
- Return on average assets for the fourth quarter of 2022 was 1.27% annualized, compared to 1.53% annualized for the third quarter of 2022 and 1.50% annualized for the fourth quarter of 2021.
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South Plains Financial GAAP EPS of $0.71 beats by $0.10, revenue of $48.99M misses by $2.4M