South Plains Financial (SPFI) Research & Development (2018 - 2026)
South Plains Financial (SPFI) posted Research & Development of $2.0 million for Q2 2026, up 42.51% on a QoQ basis from $1.4 million in Q1 2026, and up 66.64% year-over-year from $1.2 million in Q2 2025.
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Analysis
South Plains Financial (SPFI) Research & Development (2018 - 2026) Analysis & Trends
South Plains Financial has reported Research & Development for 9 years, with the latest figure at $2.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 66.64% year-over-year to $2.0 million in Q2 2026; TTM through Jun 2026 was $5.7 million, a 25.44% increase from a year earlier, with the FY2024 full-year figure at $4.3 million, up 25.69% from the prior year.
- Research & Development was $2.0 million for Q2 2026 at South Plains Financial, up from $1.4 million in the prior quarter.
- The five-year high for Research & Development was $2.0 million in Q2 2026, with the low at $818000.0 in Q3 2023.
- Average Research & Development over 5 years is $1.1 million, with a median of $1.1 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Research & Development decreased 17.95% in 2023, then soared 66.64% in 2026.
- Over 5 years, Research & Development stood at $878000.0 in 2022, then decreased by 4.33% to $840000.0 in 2023, then soared by 33.1% to $1.1 million in 2024, then climbed by 5.9% to $1.2 million in 2025, then soared by 66.22% to $2.0 million in 2026.
- The last three Research & Development figures came in at $2.0 million (Q2 2026), $1.4 million (Q1 2026), and $1.2 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | - |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | - |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | 250.00 Mn |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 154.00 Mn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 326.00 Mn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | 108.00 Mn |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | - |
| 10 | South Plains Financial | 826.66 Mn | 38.90 Mn | - | 1.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.97 Mn |
| Mar 31, 2026 | 1.38 Mn |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 1.18 Mn |
| Mar 31, 2025 | 1.16 Mn |
| Dec 31, 2024 | 1.12 Mn |
| Sep 30, 2024 | 1.09 Mn |
| Jun 30, 2024 | 1.09 Mn |
| Mar 31, 2024 | 990,000.00 |
| Dec 31, 2023 | 840,000.00 |
| Sep 30, 2023 | 818,000.00 |
| Jun 30, 2023 | 888,000.00 |
| Mar 31, 2023 | 864,000.00 |
| Dec 31, 2022 | 878,000.00 |
| Sep 30, 2022 | 908,000.00 |
| Jun 30, 2022 | 941,000.00 |
| Mar 31, 2022 | 1.05 Mn |
| Dec 31, 2021 | 978,000.00 |
| Sep 30, 2021 | 1.07 Mn |
| Jun 30, 2021 | 907,000.00 |
API Access
South Plains Financial Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=SPFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SPFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=SPFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();