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South Plains: 3Q Earnings Snapshot

·1 min read

LUBBOCK, Texas (AP) _ South Plains Financial, Inc. (SPFI) on Tuesday reported third-quarter net income of $16.7 million.

The bank, based in Lubbock, Texas, said it had earnings of 92 cents per share.

The company posted revenue of $66.2 million in the period. Its revenue net of interest expense was $62.9 million, which beat Street forecasts.

South Plains shares have dropped 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.25, a decline of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPFI at https://www.zacks.com/ap/SPFI