SPFI Q2 2023 Earnings — South Plains Financial, Inc. Revenue & Financial Results | Market Cap Arena

SPFISouth Plains Financial, Inc.

$665M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$60M+2.5% YoY

Gross Profit

$40M66.6% margin

Operating Income

$37M62.8% margin

Net Income

$30M49.7% margin

EPS (Diluted)

$1.71

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$350,000

Free Cash Flow

-$2M

Stock-Based Comp.

$589,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$392M

Cash & Equivalents

$296M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$58M	+2.5%
Gross Profit	$40M	$55M	-27.2%
Operating Income	$37M	$20M	+88.6%
Net Income	$30M	$16M	+86.9%