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South Plains Financial, Inc. SPFI Occupancy and equipment

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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$841.17M+39.7%
P/E12.9×+1.9×
P/S3.7×+0.8×

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:OccupancyNet.

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
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
Bank card expenses1,6161,5793,2243,033

Item 1. Consolidated Financial Statements

FAQ

What is South Plains Financial, Inc.'s occupancy and equipment?
South Plains Financial, Inc. (SPFI) reported occupancy and equipment of $4.33M in Q2 2026.
How has South Plains Financial, Inc.'s occupancy and equipment changed year-over-year?
South Plains Financial, Inc.'s occupancy and equipment increased by 9.0% year-over-year, from $3.97M to $4.33M.
What is the long-term trend for South Plains Financial, Inc.'s occupancy and equipment?
Over 4 years (2021 to 2025), South Plains Financial, Inc.'s occupancy and equipment has grown at a 2.5% compound annual growth rate (CAGR), from $14.56M to $16.05M.
What does occupancy and equipment mean?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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