South Plains Financial (South Plains Financial) Allowance For Loans And Lease Losses : $-42.2 Mil (As of Mar. 2024)

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What is South Plains Financial Allowance For Loans And Lease Losses?

South Plains Financial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-42.2 Mil.

South Plains Financial's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-42.1 Mil) to Dec. 2023 ($-42.4 Mil) but then increased from Dec. 2023 ($-42.4 Mil) to Mar. 2024 ($-42.2 Mil).

South Plains Financial's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-42.1 Mil) to Dec. 2022 ($-39.3 Mil) but then declined from Dec. 2022 ($-39.3 Mil) to Dec. 2023 ($-42.4 Mil).

South Plains Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for South Plains Financial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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South Plains Financial Allowance For Loans And Lease Losses Chart

South Plains Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-24.20

-45.55

-42.10

-39.29

-42.36

South Plains Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-39.56	-43.14	-42.08	-42.36	-42.17

South Plains Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

South Plains Financial Allowance For Loans And Lease Losses Related Terms

Thank you for viewing the detailed overview of South Plains Financial's Allowance For Loans And Lease Losses provided by GuruFocus.com. Please click on the following links to see related term pages.

South Plains Financial (South Plains Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

4S4:Germany

Address

5219 City Bank Parkway, Lubbock, TX, USA, 79407

Website

https://www.spfi.bank

South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.

Executives

Richard D Campbell	director, 10 percent owner	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Curtis C Griffith	director, 10 percent owner, officer: Chairman & CEO	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Noe G Valles	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Newsom Cory T	director, officer: President	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Mikella D Newsom	officer: Chief Risk Officer & Secretary	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kelly L. Deterding	other: President - Windmark Insurance	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Steven B Crockett	officer: CFO and Treasurer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kyle R Wargo	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Allison Navitskas	director	511 E JOHN CARPENTER FREEWAY, IRVING TX 75062
Cynthia B Keith	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kevin R Bass	officer: Chief Credit Officer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544