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

Rhea-AI Summary

South Plains Financial (NASDAQ:SPFI), parent of City Bank, declared a quarterly cash dividend of $0.18 per share, representing a 6% increase from the dividend declared in April 2026. The dividend will be paid on August 10, 2026 to shareholders of record on July 27, 2026.

Positive

• Quarterly dividend raised 6% to $0.18 per share
• Dividend payment date set for August 10, 2026
• Shareholder record date established as July 27, 2026

Negative

• None.

News Market Reaction – SPFI

+3.86%

6 alerts

+3.86% Session close to close

$818.67M Market Cap

0.7x Rel. Volume

In the Jul 17 session, SPFI gained 3.86%, reflecting a moderate positive market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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LUBBOCK, Texas, July 16, 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 $0.18 per share of common stock, a 6% increase from the most recent quarterly cash dividend declared in April 2026. The dividend is payable on August 10, 2026 to shareholders of record as of the close of business on July 27, 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
(866) 771-3347
investors@city.bank

Source: South Plains Financial, Inc.

FAQ

What dividend did South Plains Financial (NASDAQ:SPFI) declare on July 16, 2026?

South Plains Financial declared a quarterly cash dividend of $0.18 per share on July 16, 2026. According to South Plains, this represents a 6% increase from the most recent quarterly dividend declared in April 2026, reflecting a higher cash distribution to shareholders.

How much did South Plains Financial (SPFI) increase its quarterly dividend in 2026?

South Plains Financial increased its quarterly cash dividend by 6% to $0.18 per share. According to South Plains, this percentage increase is measured against the most recent quarterly dividend that was declared in April 2026 for its common stockholders.

When is the record date for the South Plains Financial (SPFI) dividend announced in July 2026?

The record date for the South Plains Financial dividend is July 27, 2026. According to South Plains, shareholders of record as of the close of business on this date will be eligible to receive the $0.18 per share quarterly cash dividend.

When will South Plains Financial (SPFI) pay its $0.18 quarterly dividend in 2026?

South Plains Financial will pay its $0.18 quarterly cash dividend on August 10, 2026. According to South Plains, the payment will be made to shareholders who are recorded as owners of the company’s common stock at the close of business on July 27, 2026.

Who is eligible to receive the South Plains Financial (SPFI) dividend declared in July 2026?

Shareholders of South Plains Financial recorded by the close of business on July 27, 2026 are eligible. According to South Plains, these shareholders will receive the $0.18 per share quarterly cash dividend when it is paid on August 10, 2026.