South Plains Financial (SPFI) Research & Development (2018 - 2026)

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 was $1.4 million for Q1 2026 at South Plains Financial, up from $1.2 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $1.4 million in Q1 2026 to a low of $818000.0 in Q3 2023.
• Historically, Research & Development has averaged $1.0 million across 5 years, with a median of $1.0 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Research & Development retreated 17.95% in 2023, then surged 33.5% in 2024.
• A 5-year view of Research & Development shows it stood at $878000.0 in 2022, then retreated by 4.33% to $840000.0 in 2023, then surged by 33.1% to $1.1 million in 2024, then advanced by 5.9% to $1.2 million in 2025, then advanced by 16.64% to $1.4 million in 2026.
• The last three Research & Development figures came in at $1.4 million (Q1 2026), $1.2 million (Q3 2025), and $1.2 million (Q2 2025), per Business Quant data.