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South Plains Financial, Inc. SPFI Compensation and benefits

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Other financials

Income statement

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Revenue$64.5M+18.0%
Net income$19.0M+30.0%
EPS (diluted)$0.96+11.6%

Balance sheet

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Cash & equivalents$787.8M+67.4%
Total debt$7.9M-10.9%
Total equity$629.8M+38.7%
Total assets$5.4B+23.5%

Cash flow

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Operating cash flow$27.9M+89.0%
CapEx$1.0M-40.0%
Free cash flow$26.8M+106%

Valuation

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Market cap$837.96M+39.2%
P/E12.9×+1.8×
P/S3.7×+0.7×

Profitability

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Net margin28.7%+1.9pp
FCF margin33.3%+4.7pp

Returns & leverage

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Return on equity12%-0.5pp
Debt / equity0.0×

Where this comes from

Reported directly by South Plains Financial, Inc. in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: South Plains Financial, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001140361-26-031701
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other1,5521,5702,1143,390
Total noninterest income14,14312,16525,43822,790
Noninterest expense:
Salaries and employee benefits23,51719,70843,67139,149
Occupancy and equipment, net4,3303,9728,2837,999
Professional services1,8501,8744,8053,604
Marketing and development1,0329192,0331,824
IT and data services1,9681,1813,3492,345

Item 1. Consolidated Financial Statements

FAQ

What is South Plains Financial, Inc.'s compensation and benefits?
South Plains Financial, Inc. (SPFI) reported compensation and benefits of $23.52M in Q2 2026.
How has South Plains Financial, Inc.'s compensation and benefits changed year-over-year?
South Plains Financial, Inc.'s compensation and benefits increased by 19.3% year-over-year, from $19.71M to $23.52M.
What is the long-term trend for South Plains Financial, Inc.'s compensation and benefits?
Over 4 years (2021 to 2025), South Plains Financial, Inc.'s compensation and benefits has grown at a -4.7% compound annual growth rate (CAGR), from $93.36M to $76.95M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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