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LUBBOCK, Texas (AP) — LUBBOCK, Texas (AP) — South Plains Financial, Inc. (SPFI) on Friday reported net income of $16.5 million in its fourth quarter.

The bank, based in Lubbock, Texas, said it had earnings of 96 cents per share.

The company posted revenue of $74.6 million in the period. Its revenue net of interest expense was $51.9 million, exceeding Street forecasts.

For the year, the company reported profit of $49.7 million, or $2.92 per share. Revenue was reported as $195.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPFI at https://www.zacks.com/ap/SPFI