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South Plains Financial(SPFI) - 2024 Q2 - Quarterly Results

Exhibit 99.1 South Plains Financial, Inc. Reports Second Quarter 2024 Financial Results ● Net income for the second quarter of 2024 was $11.1 million, compared to $10.9 million for the first quarter of 2024 and $29.7 million for the second quarter of 2023. The decrease in net income for the second quarter of 2024 as compared to the second quarter of 2023 was primarily due to the sale of Windmark Insurance Agency, Inc. ("Windmark") in the second quarter of 2023, which resulted in a gain of $33.5 million befo ...