SOUTH PLAINS FINANCIAL INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
SPFI$43.080.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)
STOCKHOLDERS’EQUITY
| Common Stock · Additional Paid-in · Retained · Accumulated Other Comprehensive | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Income (Loss) | Total | |
| Balance at beginning of period | 17,027,197 | $17,027 | $112,834 | $292,261 | $(65,108) | $357,014 |
| Net income | — | — | — | 52,421 | — | 52,421 |
| Cash dividends declared - $0.39 per share | — | — | — | (6,609) | — | (6,609) |
| Other comprehensive loss | — | — | — | — | (19,485) | (19,485) |
| Impact of adoption of ASU 2016-13 - CECL | — | — | — | (997) | — | (997) |
| Issuance of stock related to stock-based awards, net of 26,872 shares for cashless exercise and net of 15,769 shares for taxes | 40,720 | 40 | (433) | — | — | (393) |
| Repurchases of common stock | (467,475) | (467) | (11,393) | — | — | (11,860) |
| Stock-based compensation | — | — | 1,625 | — | — | 1,625 |
| Balance at end of period | 16,600,442 | $16,600 | $102,633 | $337,076 | $(84,593) | $371,716 |
| Balance at beginning of period | 16,417,099 | $16,417 | $97,107 | $345,264 | $(51,674) | $407,114 |
| Net income | — | — | — | 33,220 | — | 33,220 |
| Cash dividends declared - $0.41 per share | — | — | — | (6,702) | — | (6,702) |
| Other comprehensive income | — | — | — | — | 9,261 | 9,261 |
| Issuance of stock related to stock-based awards, net of 7,213 shares for cashless exercise and net of 4,675 shares for taxes | 23,327 | 23 | (155) | — | — | (132) |
| Repurchases of common stock | (53,799) | (54) | (1,286) | — | — | (1,340) |
| Stock-based compensation | — | — | 1,701 | — | — | 1,701 |
| Balance at end of period | 16,386,627 | $16,386 | $97,367 | $371,782 | $(42,413) | $443,122 |
| Balance at beginning of period | 16,952,072 | $16,952 | $111,133 | $325,772 | $(61,828) | $392,029 |
| Net income | — | — | — | 13,494 | — | 13,494 |
| Cash dividends declared - $0.13 per share | — | — | — | (2,190) | — | (2,190) |
| Other comprehensive loss | — | — | — | — | (22,765) | (22,765) |
| Issuance of stock related to stock-based awards, net of 2,732 shares for cashless exercise and net of 1,877 shares for taxes | 2,891 | 2 | (53) | — | — | (51) |
| Repurchases of common stock | (354,521) | (354) | (8,958) | — | — | (9,312) |
| Stock-based compensation | — | — | 511 | — | — | 511 |
| Balance at end of period | 16,600,442 | $16,600 | $102,633 | $337,076 | $(84,593) | $371,716 |
| Balance at beginning of period | 16,424,021 | $16,424 | $97,766 | $362,855 | $(59,060) | $417,985 |
| Net income | — | — | — | 11,212 | — | 11,212 |
| Cash dividends declared - $0.14 per share | — | — | — | (2,285) | — | (2,285) |
| Other comprehensive income | — | — | — | — | 16,647 | 16,647 |
| Issuance of stock related to stock-based awards, net of 3,162 shares for cashless exercise | 2,606 | 2 | (2) | — | — | — |
| Repurchases of common stock | (40,000) | (40) | (960) | — | — | (1,000) |
| Stock-based compensation | — | — | 563 | — | — | 563 |
| Balance at end of period | 16,386,627 | $16,386 | $97,367 | $371,782 | $(42,413) | $443,122 |
CONSOLIDATED STATEMENTS OFCASH FLOWS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.