How has South Plains Financial, Inc.'s labor and related expense changed year-over-year?

South Plains Financial, Inc.'s labor and related expense increased by 3.7% year-over-year, from $19.44M to $20.15M.

What does labor and related expense mean?

Represents the total compensation costs for employees, including salaries, wages, bonuses, and benefits. This metric reflects the primary human capital investment required to operate the business and deliver financial services.

South Plains Financial, Inc. SPFI Labor And Related Expense

Labor And Related Expense at other companies

SPF

South Plains Financial, Inc.SPFI

$20.15M+3.7%

First BanCorpFBP

$65.3M+5.1%

Capital City Bank GroupCCBG

$25.7M-2.1%

The BancorpTBBK

$37.48M+11.3%

CHE

ChemedCHE

$44.8M+3.1%

Trustco Bank CorpTRST

$12.22M+2.7%

Other financials

Income statement

See full

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$807.57M+41.4%

P/E13.3×+2.1×

P/S3.7×+0.8×

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 / equity0×0.0×

Where this comes from

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

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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 labor and related expense?: South Plains Financial, Inc. (SPFI) reported labor and related expense of $20.15M in Q1 2026.
How has South Plains Financial, Inc.'s labor and related expense changed year-over-year?: South Plains Financial, Inc.'s labor and related expense increased by 3.7% year-over-year, from $19.44M to $20.15M.
What does labor and related expense mean?: Represents the total compensation costs for employees, including salaries, wages, bonuses, and benefits. This metric reflects the primary human capital investment required to operate the business and deliver financial services.