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      "text": "South Plains Financial, Inc.",
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      "text": "Diluted earnings per share was $0.86 per share, as compared to $0.88 per share in 2Q'22. Of note, certain items inflated 2Q'22 earnings by $0.24 per share and Q3'22 earnings by $0.10 per share. Run rate earnings growth primarily driven by a 17.0% annualized increase in loans HFI as compared to 2Q'22. Momentum continued across metropolitan markets with loans increasing 14.6%, annualized, to $849.3 million. Year to date, the Bank has delivered 10.4% loan growth, above the Company's mid to high single digit guidance, with the Bank's metro markets growing 15.2%. Credit quality continues to improve as the ratio of nonperforming assets to total assets was 19 bps in 3Q'22 as compared to 20 bps in 2Q'22 and 33 bps in Q1'22. Mortgage banking revenues continue to be at trough levels and management believes are no longer a headwind to Company results. Repurchased 366 thousand shares in 3Q'22 as compared to 257 thousand shares in 2Q'22. Repurchased 730 thousand shares year to date through the end of the September 2022 under the stock repurchase program.",
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      "text": "Organic Loan Growth 17.0% Annualized; Loans Held for Investment (\"HFI\") $2.69 B",
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      "text": "ROAA 1.53%; Efficiency Ratio 66.4%",
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      "text": "Net Interest Margin (1) (\"NIM\") 3.70%; Average Yield on Loans 5.12%",
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      "text": "(1) Net interest margin is calculated on a tax-equivalent basis. Source: Company documents",
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      "text": "Third Quarter 2022 Highlights",
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