Company / Income Tax
SOUTH PLAINS FINANCIAL, INC. Income Tax History
FY2018-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$13.6M
FY2024
5-year range
$11.3M / $16.7M
FY2020-FY2024
Trend
-18.6%
vs FY2023
Sector context
#310 of 392
Financials
What the data says
SOUTH PLAINS FINANCIAL, INC.'s income tax of $14M is lower than 79% of companies in the Financials sector (FY2024). Improved from $15M to $14M over the past 2 years.
Based on SEC 10-K filings.
$14M in FY2024 with a 5-year CAGR of +12.7%.
Improved from $15M to $14M over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -2.2%
- 5-Year CAGR
- +12.7%
- 10-Year CAGR
- -
Sector benchmark
Top 21% in FinancialsTop 21% of 392This company $13.6M Sector average $321.5M
▼
-95.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +12.7%, indicating consistent growth.
- In FY2024, income tax decreased 18.6% year-over-year.
- Ranks #310 out of 392 companies in the Financials sector.
- Peak income tax was recorded in FY2023.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $13.6M | -18.6% |
| FY2023 | $16.7M | +11.8% |
| FY2022 | $14.9M | +2.8% |
| FY2021 | $14.5M | +29.0% |
| FY2020 | $11.3M | +50.4% |
| FY2019 | $7.5M | +291.8% |
| FY2018 | -$3.9M | - |
As of FY2024 · SEC 10-K Annual Filings · Updated Feb 28, 2026