South Plains Financial (SPFI) Research & Development (2018 - 2026)
South Plains Financial (SPFI) posted quarterly Research & Development of $1.4 million for Q1 2026, up 18.64% year-over-year from $1.2 million in Q1 2025, and up 16.64% quarter-over-quarter from $1.2 million in Q3 2025.
South Plains Financial (SPFI) Research & Development (2018 - 2026) Analysis & Trends
South Plains Financial's Research & Development history runs 9 years deep, the most recent figure standing at $1.4 million for Q1 2026.
- In Q1 2026, Research & Development rose 18.64% year-over-year to $1.4 million; the TTM figure through Mar 2026 stood at $4.9 million (up 10.09% YoY), while the FY2024 annual figure was $4.3 million, up 25.69% from the prior year.
- Research & Development for Q1 2026 stood at $1.4 million, up from $1.2 million in the prior quarter.
- The five-year high for Research & Development was $1.4 million in Q1 2026, with the low at $818000.0 in Q3 2023.
- The 5-year median for Research & Development is $1.0 million (2022), against an average of $1.0 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development fell 17.95% in 2023, then jumped 33.5% in 2024.
- South Plains Financial's Research & Development stood at $878000.0 in 2022, then fell by 4.33% to $840000.0 in 2023, then jumped by 33.1% to $1.1 million in 2024, then gained by 5.9% to $1.2 million in 2025, then gained by 16.64% to $1.4 million in 2026.
- Business Quant data shows SPFI's Research & Development at $1.4 million in Q1 2026, $1.2 million in Q3 2025, and $1.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | South Plains Financial | 842.73 Mn | 54.97 Mn | - | 1.97 Mn |
Historic Data
Download 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 |