South Plains Financial, Inc. Announces 6% Increase to Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial (NASDAQ:SPFI) said its Board declared a quarterly cash dividend of $0.17 per share, a 6% increase from the prior quarterly dividend declared in November 2025. The dividend is payable on February 17, 2026 to shareholders of record at the close of business on February 2, 2026.

This action increases near-term cash returns to shareholders and sets the announced payment and record dates for investors.

Positive

• Dividend increase of 6% announced
• Payment date set for Feb 17, 2026
• Record date confirmed as Feb 2, 2026

Negative

• Quarterly dividend remains $0.17 per share — modest absolute amount

News Market Reaction

-3.85%

1 alert

-3.85% News Effect

On the day this news was published, SPFI declined 3.85%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LUBBOCK, Texas, Jan. 22, 2026 (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 $0.17 per share of common stock, a 6% increase from the most recent quarterly cash dividend declared in November 2025. The dividend is payable on February 17, 2026 to shareholders of record as of the close of business on February 2, 2026.

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 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.

FAQ

What did South Plains Financial (SPFI) announce on January 22, 2026?

The company announced a quarterly cash dividend of $0.17 per share, a 6% increase from the prior quarterly dividend.

When is the SPFI dividend payable and who is eligible?

The dividend is payable on February 17, 2026 to shareholders of record at the close of business on February 2, 2026.

How much did South Plains Financial increase its quarterly dividend (SPFI)?

The Board declared a 6% increase to the quarterly cash dividend, to $0.17 per share.

Does the January 22, 2026 SPFI announcement change the dividend payment schedule?

The announcement specifies the payable date (Feb 17, 2026) and the record date (Feb 2, 2026) for this quarter's dividend.

How does the SPFI dividend declared Jan 22, 2026 compare to the prior dividend?

The declared dividend of $0.17 reflects a 6% increase versus the most recent quarterly dividend declared in November 2025.

What should SPFI shareholders do to receive the Feb 17, 2026 dividend?

Shareholders must hold shares by the close of business on the record date, Feb 2, 2026, to be eligible for the payment on Feb 17, 2026.