South Plains Financial, Inc. (NASDAQ:SPFI) Q4 2023 Earnings Conference Call January 26, 2024 10:00 AM ET

Company Participants

Steven Crockett - Chief Financial Officer and Treasurer

Curtis Griffith - Chairman and Chief Executive Officer

Cory Newsom - President

Brent Bates - Chief Credit Officer

Conference Call Participants

Graham Dick - Piper Sandler

Brett Rabatin - Hovde Group

Mark Shutley - KBW

Joseph Yanchunis - Raymond James

Operator

Good morning, ladies and gentlemen, and welcome to the South Plains Financial, Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions with instructions to follow at that time. 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. Mr. Crockett, please go ahead, sir.

Steven Crockett

Thank you, operator, and good morning, everyone. We appreciate your participation in our 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. The related earnings press release and earnings presentation are available on the News & Events section of our website spfi.bank.

Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that 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 or on slide two of the earnings presentation. 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 in the earnings presentation.

Curtis, let me hand it over to you.

Curtis Griffith

Thank you, Steve, and good morning. On today's call, I will briefly review the highlights of our full year 2023 results as well as provide an update on our capital allocation priorities. Cory will discuss our loan portfolio as well as our initiatives to drive deposit and fee income growth in the year ahead. Steve will then conclude with a more detailed review of our fourth quarter financial results.