South Plains Financial, Inc. Announces $0.02 Increase to Quarterly Cash Dividend
South Plains Financial (NASDAQ:SPFI) announced a quarterly cash dividend of $0.11 per share, reflecting an increase of $0.02 over the previous quarter.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
South Plains Financial (NASDAQ:SPFI) announced a quarterly cash dividend of $0.11 per share, reflecting an increase of $0.02 over the previous quarter. The dividend is payable on February 14, 2022, to shareholders on record as of January 31, 2022. South Plains is the parent company of City Bank, one of the largest independent banks in West Texas, providing a multitude of commercial and consumer banking services across Texas and parts of New Mexico. This dividend increase signals confidence in the company's financial health and commitment to returning value to shareholders.
Positive
- Quarterly cash dividend increased from $0.09 to $0.11 per share.
- Dividend payable date set for February 14, 2022.
- Demonstrates company confidence and commitment to shareholders.
Negative
- None.
Details
News Market Reaction – SPFI
The recorded move for SPFI in the trading session of this news was -0.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUBBOCK, Texas, Jan. 20, 2022 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of
About South Plains Financial, Inc.
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with insurance, investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.
| Contact: | Mikella Newsom, Chief Risk Officer and Secretary |
| investors@city.bank | |
| (866) 771-3347 |
Source: South Plains Financial, Inc.
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