spfi: the income statement

MyFinsight

SOUTH PLAINS FINANCIAL, INC. (SPFI)

For the quarter ending 2025-06-30, SPFI made $75,688K in revenue. $12,303K in net income. Net profit margin of 16.25%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Unrealized gains (losses) on securities available for sale	-1,341
Tax effect	-612
Less change in fair value on hedged state and municipal securities	1,573
Other comprehensive income (loss)	-2,302
Income tax expense	4,020
Other	1,570
Investment commissions	426
Net gain on sales of loans	2,655
Service charges on deposit accounts	2,098
Fiduciary fees	694
Other mortgage banking income	951
Bank card services and interchange fees	3,771
Total noninterest income	12,165
Professional services	1,874
Other	4,074
Occupancy and equipment, net	3,972
Marketing and development	919
Salaries and employee benefits	19,708
It and data services	1,181
Bank card expenses	1,579
Appraisal expenses	236
Total noninterest expense	33,543
Provision for credit losses	2,500
Subordinated debt	835
Junior subordinated deferrable interest debentures	735
Deposits	20,062
Total interest expense	21,632
Non-taxable	802
Taxable	4,700
Loans, including fees	53,886
Federal funds sold and interest-bearing deposits in banks	4,747
Total interest income	64,135
Net interest income	42,503
Net interest income, after provision for credit losses	40,003
Income before income taxes	18,625
Net income	14,605
Comprehensive income	12,303

Basic earnings per share (in dollars per share)	0.9
Diluted earnings per share (in dollars per share)	0.86
Weighted average common shares outstanding - basic (in shares)	16,231,627
Weighted average common shares outstanding - diluted (in shares)	16,886,993

Unit: Thousand (K) dollars (except for numbers of shares and EPS)