SOUTH PLAINS FINANCIAL, INC. (SPFI) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Interest income:
Interest income on loans	42.9	39.6	38.7	34.5	35.4	29.4	31.1	30.8
Interest income on investments	6.5	6.4	6.0	5.4	4.7	3.5	3.4	3.5
	50.8	47.4	46.2	41.1	40.8	33.1	34.6	34.4
Interest on deposits	14.4	11.4	8.3	4.5	2.3	1.9	1.9	2.0
Total interest expense	16.2	13.1	9.9	6.0	3.6	3.1	3.2	3.3
Net interest income	34.6	34.3	36.3	35.1	37.1	29.9	31.4	31.2
Net interest income after provision for loan losses	34.6	34.3	36.3	35.1	37.1	29.9	31.4	31.2
Deposit and loan fees	1.7	1.7	1.7	1.8	1.6	1.8	1.9	1.9
Other non-interest income	45.4	9.0	11.0	19.2	17.2	21.9	21.0	23.9
Total non-interest income	47.1	10.7	12.7	20.9	18.8	23.7	22.9	25.8
Non-interest expenses	40.5	32.4	32.7	37.4	36.1	37.9	36.1	38.1
Pre-tax income before non-recurring items	71.0	11.6	16.0	19.4	19.9	17.8	18.2	18.9
Non-recurring items	33.5
Pre-tax income	37.5	11.6	16.0	19.4	19.9	17.8	18.2	18.9
Income taxes	7.8	2.4	3.4	4.0	4.0	3.5	3.6	3.7
Tax rate	20.8%	20.6%	21.3%	20.4%	20.1%	19.8%	19.9%	19.7%
Net income	29.7	9.2	12.6	15.5	15.9	14.3	14.6	15.2
Net margin	36.3%	19.9%	24.4%	25.4%	27.6%	25.9%	25.8%	25.0%

Basic EPS	$1.74	$0.54	$0.73	$0.89	$0.91	$0.81	$0.81	$0.85
Diluted EPS	$1.71	$0.53	$0.70	$0.86	$0.88	$0.78	$0.79	$0.82

Shares outstanding (basic)	17.0	17.0	17.4	17.3	17.5	17.7	18.0	17.9
Shares outstanding (diluted)	17.4	17.6	18.0	17.9	18.0	18.4	18.5	18.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.