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South Plains Financial, Inc. SPFI Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

CTB
Community Trust BancorpCTBI
$1.71M+65.6%
Southside Bancshares logo
Southside BancsharesSBSI
$986K+23.4%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$853K-17.3%
Stock Yards Bancorp logo
Stock Yards BancorpSYBT
$632K+1.6%
Customers Bancorp logo
Customers BancorpCUBI
$3.08M-33.8%
Provident Financial Services logo
Provident Financial ServicesPFS
$4.03M+92.8%

Other financials

Income statement

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Revenue$54.1M+10.2%
Net income$14.5M+18.3%
EPS (diluted)$0.85+18.1%

Balance sheet

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Cash & equivalents$722.0M+34.6%
Total debt$7.9M-10.9%
Total equity$504.9M+13.8%
Total assets$4.6B+5.5%

Cash flow

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Operating cash flow$16.2M-38.0%
CapEx$1.4M+19.3%
Free cash flow$14.8M-40.6%

Valuation

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Market cap$820.4M+43.6%
P/E13.5×+2.3×
P/S3.8×+0.9×

Profitability

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Net margin28%+2.1pp
FCF margin28.4%-3.1pp

Returns & leverage

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Return on equity12.8%+0.8pp
Debt / equity0.0×

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?
Earnings generated from life insurance policies held by the bank on the lives of key employees or officers. This represents a non-interest income stream that provides tax-advantaged returns to the institution.