SPFI Q2 2024 Earnings — South Plains Financial, Inc. Revenue & Financial Results | Market Cap Arena

SPFISouth Plains Financial, Inc.

$665M

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$70M+17.9% YoY

Gross Profit

$45M64.4% margin

Operating Income

$14M20.2% margin

Net Income

$11M15.8% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$17M

Stock-Based Comp.

$657,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$418M

Cash & Equivalents

$298M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$70M	$60M	+17.9%
Gross Profit	$45M	$40M	+13.9%
Operating Income	$14M	$37M	-62.0%
Net Income	$11M	$30M	-62.5%