South Plains Financial (SPFI) Rent Expense (2018 - 2026)
South Plains Financial (SPFI) posted quarterly Rent Expense of $4.0 million for Q1 2026, down 1.84% year-over-year from $4.0 million in Q1 2025, and down 2.3% quarter-over-quarter from $4.0 million in Q3 2025.
South Plains Financial (SPFI) Rent Expense (2018 - 2026) Analysis & Trends
South Plains Financial's Rent Expense history runs 9 years deep, the most recent figure standing at $4.0 million for Q1 2026.
- In Q1 2026, Rent Expense fell 1.84% year-over-year to $4.0 million; the TTM figure through Mar 2026 stood at $16.0 million (down 1.32% YoY), while the FY2024 annual figure was $16.1 million, changed 0.02% from the prior year.
- Rent Expense for Q1 2026 stood at $4.0 million, down from $4.0 million in the prior quarter.
- The five-year high for Rent Expense was $4.3 million in Q2 2023, with the low at $3.7 million in Q1 2022.
- The 5-year median for Rent Expense is $4.0 million (2024), against an average of $4.0 million.
- The sharpest annual moves came in 2022 and 2024: Rent Expense increased 15.26% in 2022, then fell 6.37% in 2024.
- South Plains Financial's Rent Expense stood at $4.1 million in 2022, then retreated by 5.61% to $3.9 million in 2023, then grew by 1.17% to $3.9 million in 2024, then climbed by 3.72% to $4.0 million in 2025, then decreased by 2.3% to $4.0 million in 2026.
- Business Quant data shows SPFI's Rent Expense at $4.0 million in Q1 2026, $4.0 million in Q3 2025, and $4.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.94 Bn | 84.74 Bn | - | - |
| 2 | Pnc Financial Services | 97.79 Bn | 97.79 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 95.96 Bn | 95.96 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.90 Bn | -144.19 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.17 Bn | -81.15 Bn | - | - |
| 7 | Nu Holdings | 71.53 Bn | 57.84 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.56 Bn | 61.56 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.60 Bn | 25.88 Bn | - | 154.00 Mn |
| 10 | South Plains Financial | 838.15 Mn | 50.39 Mn | - | 4.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.33 Mn |
| Jun 30, 2026 | 4.33 Mn |
| Mar 31, 2026 | 3.95 Mn |
| Mar 31, 2026 | 3.95 Mn |
| Sep 30, 2025 | 4.05 Mn |
| Sep 30, 2025 | 4.05 Mn |
| Jun 30, 2025 | 3.97 Mn |
| Jun 30, 2025 | 3.97 Mn |
| Mar 31, 2025 | 4.03 Mn |
| Mar 31, 2025 | 4.03 Mn |
| Dec 31, 2024 | 3.90 Mn |
| Dec 31, 2024 | 3.90 Mn |
| Sep 30, 2024 | 4.26 Mn |
| Sep 30, 2024 | 4.26 Mn |
| Jun 30, 2024 | 4.03 Mn |
| Jun 30, 2024 | 4.03 Mn |
| Mar 31, 2024 | 3.92 Mn |
| Mar 31, 2024 | 3.92 Mn |
| Dec 31, 2023 | 3.86 Mn |
| Dec 31, 2023 | 3.86 Mn |