South Plains Financial (SPFI) Research & Development (2018 - 2026)
South Plains Financial's (SPFI) quarterly Research & Development came in at $1.4 million in Q1 2026, up 18.64% year-on-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.
- On a quarterly basis, Research & Development rose 18.64% year-over-year to $1.4 million in Q1 2026; TTM through Mar 2026 was $4.9 million, a 10.09% increase from a year earlier, with the FY2024 full-year figure at $4.3 million, up 25.69% from the prior year.
- Research & Development rose to $1.4 million in Q1 2026 per SPFI's latest filing, from $1.2 million in the prior quarter.
- Across five years, Research & Development topped out at $1.4 million in Q1 2026 and bottomed 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.
- Across the five-year window, Research & Development slipped 17.95% in 2023 and jumped 33.5% in 2024, its largest moves.
- Year by year, Research & Development 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.
- Per Business Quant, the three latest SPFI Research & Development figures stand at $1.4 million (Q1 2026), $1.2 million (Q3 2025), and $1.2 million (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | - |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | - |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | - |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | - |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 554,000.00 |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | - |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | - |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 573.00 Mn |
| 10 | South Plains Financial | 729.93 Mn | -42.06 Mn | - | 1.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 1.05 Mn |