South Plains Financial, Inc. (FRA:4S4)

South Plains Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	207.22	202.27	176.6	137.95	120.54	121.73
Interest Income on Investments	39.8	38.63	35.44	23.21	14.5	16.5
Total Interest Income	247.02	240.9	212.03	161.17	135.04	138.23
Interest Paid on Deposits	83.68	87.08	64.99	17	8.29	11.89
Interest Paid on Borrowings	6.47	6.72	7.3	5.69	4.98	4.05
Total Interest Expense	90.15	93.8	72.29	22.69	13.27	15.95
Net Interest Income	156.87	147.1	139.75	138.48	121.76	122.29
Net Interest Income Growth (YoY)	10.39%	5.26%	0.92%	13.73%	-0.43%	16.93%
Trust Income	2.72	2.72	2.43	2.39	2.92	3.19
Mortgage Banking Activities	2.04	3.66	2.79	10.61	8.54	1.51
Gain (Loss) on Sale of Assets	-	-	33.78	-	-	-
Gain (Loss) on Sale of Investments	-	-	-3.41	-	-	2.32
Other Non-Interest Income	22.96	23.14	22.07	35.56	27.86	24.03
Total Non-Interest Income	46.74	48.07	75.82	76.15	97.47	101.6
Non-Interest Income Growth (YoY)	2.64%	-36.59%	-0.43%	-21.88%	-4.07%	79.41%
Revenues Before Loan Losses	203.62	195.17	215.56	214.62	219.23	223.89
Provision for Loan Losses	4.62	4.3	4.61	-2.62	-1.92	25.57
Revenue	199	190.87	210.95	217.24	221.15	198.32
Revenue Growth (YoY)	7.49%	-9.52%	-2.89%	-1.77%	11.51%	25.19%
Salaries and Employee Benefits	72.98	72.02	77.22	83.57	91.72	87.95
Occupancy Expenses	13.76	13.71	13.2	13.09	12.06	12.26
Selling, General & Administrative	19.96	19.37	18.35	22.79	18.12	16.66
Other Non-Interest Expense	22.95	22.48	22.76	24.65	26.13	24.85
Total Non-Interest Expense	129.65	127.58	131.54	144.09	148.03	141.72
EBT Excluding Unusual Items	69.35	63.29	79.42	73.15	73.12	56.6
Pretax Income	69.35	63.29	79.42	73.15	73.12	56.6
Income Tax Expense	14.74	13.58	16.67	14.91	14.51	11.25
Net Income	54.61	49.72	62.75	58.24	58.61	45.35
Net Income to Common	54.61	49.72	62.75	58.24	58.61	45.35
Net Income Growth	19.16%	-20.76%	7.74%	-0.64%	29.24%	55.21%
Basic Shares Outstanding	16	16	17	17	18	18
Diluted Shares Outstanding	17	17	17	18	18	18
Shares Change (YoY)	-0.43%	-1.74%	-3.81%	-2.56%	0.83%	7.62%
EPS (Basic)	3.35	3.03	3.73	3.35	3.26	2.51
EPS (Diluted)	3.21	2.92	3.62	3.23	3.17	2.47
EPS Growth	19.58%	-19.34%	12.07%	1.89%	28.34%	44.44%
Dividend Per Share	0.590	0.560	0.520	0.460	0.300	0.140
Dividend Growth	11.32%	7.69%	13.04%	53.33%	114.29%	133.33%
Effective Tax Rate	21.26%	21.45%	20.99%	20.38%	19.84%	19.88%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.