Financial Data and Key Metrics Changes - The company reported net income of $13.7 million or $0.74 per diluted common share for Q2 2021, compared to $5.6 million or $0.31 per diluted common share in Q2 2020 [9] - Pre-tax pre-provision income for Q2 2021 was $15.1 million, down from $19 million in Q1 2021 and $20.1 million in Q2 2020 [9] - A negative provision for loan loss of $2 million was recorded in Q2 2021, compared to a provision expense of $13.1 million in Q2 2020 [9] Business Line Data and Key Metrics Changes - Loans held for investment at the end of Q2 2021 were $2.3 billion, a $60.8 million or 2.7% increase from Q1 2021, driven by organic net loan growth of $120.1 million [20] - Mortgage loan originations for Q2 2021 were $378 million, down from $435 million in Q1 2021, leading to a decrease in mortgage banking revenues [25] - Non-interest income for Q2 2021 was $22.3 million, compared to $26.5 million in Q1 2021, reflecting a decline in mortgage banking activity [26] Market Data and Key Metrics Changes - The loan-to-deposit ratio at the end of Q2 2021 was 73%, indicating significant excess liquidity available for deployment [12] - Total non-interest-bearing deposits were approximately $1 billion, representing 31.6% of total deposits [32] - The non-performing assets to total assets ratio declined to 37 basis points in Q2 2021 from 42 basis points in Q1 2021, reflecting positive credit migrations [33] Company Strategy and Development Direction - The company is focused on expanding its loan portfolio and hiring bankers, particularly in major metropolitan markets like Dallas and Houston [7][11] - A thoughtful capital allocation strategy is being pursued, including share buybacks and maintaining dividends [8][13] - The company plans to increase its lending team by more than 30% over the next two years to support organic growth [12][22] Management's Comments on Operating Environment and Future Outlook - Management noted that economic activity is accelerating across Texas, but they are monitoring the impact of the Delta variant [7] - The company expects mid-single-digit loan growth in 2021, with potential for better growth in 2022 as new hires ramp up [10][50] - Management expressed confidence in the robustness of local economies and the potential for loan growth, particularly in the Permian Basin [10][24] Other Important Information - The company repurchased approximately 39,000 common shares under its $10 million share repurchase program [13] - The Board of Directors authorized a quarterly dividend of $0.09 per share, up from $0.07 in the previous quarter [13] - The company is investing in technology to enhance efficiency, including moving data storage to the cloud [17] Q&A Session Summary Question: Loan yields and growth expectations - Management indicated that loan yields remained flat, with some newer loans coming in at lower yields, suggesting potential compression [46][47] - The company aims for mid-single-digit growth across the entire portfolio, including replacing PPP loans [48][49] Question: Hiring new lenders and geographic focus - Management confirmed that they are nearly 50% into the hiring process for new lenders, focusing on existing markets and relationship-based lending [56][57] - The company is looking for experienced lenders with strong relationships, particularly in commercial real estate and construction [57] Question: Expense impacts from new hires and technology investments - Management anticipates a 2% to 3% increase in annual non-interest expenses due to new hires and technology investments [59] - They are also focused on offsetting expenses through careful management and efficiency improvements [61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38895 South Plains Financial, Inc. (Exact name of registrant as specified in its charter) Texas 75-2453320 (State o ...

South Plains Financial, Inc. (NASDAQ:SPFI) Q1 2021 Earnings Conference Call April 27, 2021 5:00 PM ET Company Participants Steven Crockett - Chief Financial Officer Curtis Griffith - Chairman & Chief Executive Officer Cory Newsom - President Brent Bates - Chief Credit Officer of City Bank Conference Call Participants Brady Gailey - KBW Brad Milsaps - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial Inc. First Quarter 2021 Earnings Conference Call. During ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to_______________ Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned ...

1 South Plains Financial Earnings Presentation Fourth Quarter, 2020 Safe Harbor Statement and Other Disclosures FORWARD-LOOKING STATEMENTS This presentation contains, and future oral and written statements of South Plains Financial, Inc. ("South Plains" or the "Company") and City Bank ("City Bank" or the "Bank") may contain, statements about future events that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements re ...

Call Start: 17:00 January 1, 0000 5:36 PM ET South Plains Financial, Inc. (NASDAQ:SPFI) Q4 2020 Earnings Conference Call January 27, 2021 17:00 ET Company Participants Steven Crockett - Chief Financial Officer Curtis Griffith - Chairman & Chief Executive Officer Cory Newsom - President Brent Bates - Chief Credit Officer of City Bank Conference Call Participants Brady Gailey - KBW Brad Milsaps - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial Fourth Quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38895 South Plains Financial, Inc. (Exact name of registrant as specified in its charter) Texas 75-2453320 (Sta ...

South Plains Financial, Inc. (NASDAQ:SPFI) Q3 2020 Earnings Conference Call October 27, 2020 5:00 PM ET Company Participants Steven Crockett - Chief Financial Officer Curtis Griffith - Chairman and Chief Executive Officer Cory Newsom - President Brent Bates - Chief Credit Officer of City Bank Conference Call Participants Brady Gailey - KBW Brad Milsaps - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial Third Quarter 2020 Earnings Conference Call. During ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-38895 South Plains Financial, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

1 South Plains Financial Investor Presentation Second Quarter, 2020 Forward-Looking Statements and Disclosures FORWARD-LOOKING STATEMENTS This presentation contains, and future oral and written statements of South Plains Financial, Inc. ("South Plains" or the "Company") and City Bank may contain, statements about future events that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forwardlooking statements reflect South Plains' current vi ...