South Plains Financial(US:SPFI)2025-07-16 21:00Financial Performance - Net income for the second quarter of 2025 was $146 million, compared to $123 million for the first quarter of 2025[6] - Diluted earnings per share for the second quarter of 2025 was $086, compared to $072 for the first quarter of 2025[6] - Net Interest Margin (NIM) was 407% for the second quarter of 2025, compared to 381% for the first quarter of 2025[6] - Total deposits reached $374 billion as of June 30, 2025, a decrease of $536 million from the previous quarter[6, 44] - Tangible book value per share (non-GAAP) was $2670 as of June 30, 2025, compared to $2605 as of March 31, 2025[6] Loan Portfolio - Loans Held for Investment (HFI) were $310 billion as of June 30, 2025, compared to $308 billion as of March 31, 2025[6] - The average yield on loans was 699% for the second quarter of 2025, compared to 667% for the first quarter of 2025[6] - Major metropolitan market loan portfolio represents 327% of the Bank's total loans HFI at June 30, 2025[18] Noninterest Income and Expense - Noninterest income was $122 million for the second quarter of 2025, compared to $106 million for the first quarter of 2025[35] - Efficiency ratio was 6111% in the second quarter of 2025, as compared to 669% in the first quarter of 2025[6, 68]