South Plains Financial (SPFI) Operating Expenses (2018 - 2026)
South Plains Financial (SPFI) recorded quarterly Operating Expenses of $35.5 million in Q1 2026, up 7.58% quarter-over-quarter from $33.0 million in Q4 2025, and up 7.56% on a YoY basis from $33.0 million in Q1 2025.
South Plains Financial (SPFI) Operating Expenses (2018 - 2026) Analysis & Trends
South Plains Financial's Operating Expenses history runs 9 years deep, the most recent figure standing at $35.5 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 7.56% year-over-year to $35.5 million; the TTM figure through Mar 2026 stood at $135.1 million (up 5.0% YoY), while the FY2025 annual figure was $132.6 million, up 3.95% from the prior year.
- Operating Expenses was $35.5 million for Q1 2026 at South Plains Financial, up from $33.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $40.5 million in Q2 2023 to a low of $29.9 million in Q4 2024.
- Historically, Operating Expenses has averaged $33.8 million across 5 years, with a median of $33.0 million in 2025.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses advanced 12.32% in 2023, then slipped 19.57% in 2024.
- A 5-year view of Operating Expenses shows it stood at $32.7 million in 2022, then declined by 6.45% to $30.6 million in 2023, then declined by 2.12% to $29.9 million in 2024, then gained by 10.27% to $33.0 million in 2025, then advanced by 7.58% to $35.5 million in 2026.
- The last three Operating Expenses figures came in at $35.5 million (Q1 2026), $33.0 million (Q4 2025), and $33.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | -287,925.00 |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | -3.86 Bn |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 7.75 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 11.90 Mn |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | -2.75 Bn |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | -1.06 Bn |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | 137.67 Mn |
| 10 | South Plains Financial | 691.74 Mn | -40.42 Mn | - | 35.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.53 Mn |
| Dec 31, 2025 | 33.02 Mn |
| Sep 30, 2025 | 33.02 Mn |
| Jun 30, 2025 | 33.54 Mn |
| Mar 31, 2025 | 33.03 Mn |
| Dec 31, 2024 | 29.95 Mn |
| Sep 30, 2024 | 33.13 Mn |
| Jun 30, 2024 | 32.57 Mn |
| Mar 31, 2024 | 31.93 Mn |
| Dec 31, 2023 | 30.60 Mn |
| Sep 30, 2023 | 31.49 Mn |
| Jun 30, 2023 | 40.50 Mn |
| Mar 31, 2023 | 32.36 Mn |
| Dec 31, 2022 | 32.71 Mn |
| Sep 30, 2022 | 37.40 Mn |
| Jun 30, 2022 | 36.06 Mn |
| Mar 31, 2022 | 37.92 Mn |
| Dec 31, 2021 | 36.13 Mn |
| Sep 30, 2021 | 38.06 Mn |
| Jun 30, 2021 | 36.78 Mn |