South Plains Financial, Inc. (NASDAQ:SPFI) Q2 2022 Earnings Conference Call July 22, 2022 11:00 AM ET

Company Participants

Steven Crockett - Chief Financial Officer and Treasurer

Curtis Griffith - Chairman and Chief Executive Officer

Cory Newsom - Director and President

Conference Call Participants

Brady Gailey - KBW

Bradley Milsaps - Piper Sandler

Operator

Good morning, ladies and gentlemen, and welcome to the South Plains Financial, Inc. Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference 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.

Steven Crockett

Thank you, operator and good afternoon, everyone. We appreciate your participation in our second quarter 2022 earnings conference call. With me here today are Curtis Griffith, our Chairman and Chief Executive Officer; and Cory Newsom, our President.

A replay of this call will be available on our website within two hours of the conclusion of the call until August 5, 2022. Additionally, a slide deck presentation to complement today’s discussion is available on the News and Events section of our website.

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 two 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 22 of the slide deck presentation.

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

Curtis Griffith

Thank you, Steve and good morning. On today’s call, I will review the main drivers to our strong second quarter results, highlighted by robust organic loan growth, combined with stabilizing Mortgage Banking revenues, which taken together have increased the earnings power of South Plains as we look to the second half of the year. Cory will then discuss our loan growth in more detail as we expand our commercial lending capabilities in our major markets of Dallas, Houston, and El Paso. Steve will then conclude with a more detailed review of our Q2 results.