South Plains Financial, Inc. (NASDAQ:SPFI) Q1 2023 Results Conference Call April 27, 2023 5:00 PM ET

Company Participants

Steve Crockett - CFO and Treasurer

Curtis Griffith - Chairman and CEO

Cory Newsom - President

Brent Bates - Chief Credit Officer

Conference Call Participants

Brad Milsaps - Piper Sandler

Joe Yanchunis - Raymond James

Brady Gailey - KBW

Operator

Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Mr. Steve Crockett, Chief Financial Officer and Treasurer of South Plains Financial. Please go ahead, sir.

Steve Crockett

Thank you, operator, and good afternoon, everyone. We appreciate your participation in our first quarter 2023 earnings conference call. With me here today are Curtis Griffith, our Chairman and Chief Executive Officer; Cory Newsom, our President; and Brent Bates, our Chief Credit Officer. A replay of this call will be available on our website within 2 hours of the conclusion of the call until May 11, 2023. Additionally, a slide deck presentation to complement today's discussion is available on the News & Events section of our website, www.spfi.bank.

Before we begin, let me remind everyone that this call may contain forward-looking statements and are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated future results. Please see our safe harbor statement in our earnings press release that was issued this afternoon, and on Slide 2 of the slide deck presentation available on our website. All comments made during today's call are subject to those safe harbor statements. Any forward-looking statements presented herein are made only as of today's date, and we do not undertake any duty to update such forward-looking statements, except as required by law.

Additionally, during today's call, we may discuss certain non-GAAP measures, which we believe are useful in evaluating our performance. A reconciliation of these non-GAAP measures to the most comparable GAAP measures can also be found in our earnings release and on Slide 2 of the slide deck presentation.

At this point, I'll turn the call over to Curtis.

Curtis Griffith

Thank you, Steve, and good afternoon. On today's call, I'll briefly review the highlights of our first quarter 2023 results, as well as the previously announced sale of our Windmark business, which we believe was a very good transaction for the bank and our shareholders. Cory will discuss our loan portfolio and the investments that we are making in our deposit gathering franchise, which builds upon the success that we have achieved expanding our lending platform. Steve will then conclude with a more detailed review of our quarter one results.