South Plains Financial, Inc. SPFI Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by South Plains Financial, Inc. in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: South Plains Financial, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is South Plains Financial, Inc.'s bank owned life insurance income?
- South Plains Financial, Inc. (SPFI) reported bank owned life insurance income of $425K in Q1 2026.
- How has South Plains Financial, Inc.'s bank owned life insurance income changed year-over-year?
- South Plains Financial, Inc.'s bank owned life insurance income increased by 4.9% year-over-year, from $405K to $425K.
- What is the long-term trend for South Plains Financial, Inc.'s bank owned life insurance income?
- Over 4 years (2021 to 2025), South Plains Financial, Inc.'s bank owned life insurance income has grown at a 7.1% compound annual growth rate (CAGR), from $1.25M to $1.64M.
- What does bank owned life insurance income mean?
- Income derived from the cash surrender value growth or death benefit proceeds of life insurance policies held on the lives of key employees. This serves as a tax-advantaged financial instrument used by banks to offset the costs of employee benefit programs.