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South Plains Financial, Inc. Announces 7% Increase to Quarterly Cash Dividend

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South Plains Financial (NASDAQ:SPFI), the parent company of City Bank, has announced a 7% increase in its quarterly cash dividend. The company will pay a dividend of $0.16 per share of common stock, up from the previous dividend declared in April 2025. The dividend will be paid on August 11, 2025 to shareholders of record as of July 28, 2025.

South Plains Financial (NASDAQ:SPFI), la società madre di City Bank, ha annunciato un aumento del 7% nel dividendo trimestrale in contanti. La società distribuirà un dividendo di 0,16 $ per azione di azioni ordinarie, in aumento rispetto al dividendo precedente dichiarato nell'aprile 2025. Il dividendo sarà pagato il 11 agosto 2025 agli azionisti registrati al 28 luglio 2025.

South Plains Financial (NASDAQ:SPFI), la empresa matriz de City Bank, ha anunciado un aumento del 7% en su dividendo trimestral en efectivo. La compañía pagará un dividendo de $0.16 por acción de acciones comunes, superior al dividendo declarado anteriormente en abril de 2025. El dividendo se pagará el 11 de agosto de 2025 a los accionistas registrados al 28 de julio de 2025.

South Plains Financial (NASDAQ:SPFI), City Bank의 모회사, 분기 현금 배당금을 7% 인상한다고 발표했습니다. 회사는 보통주 1주당 0.16달러의 배당금을 지급할 예정이며, 이는 2025년 4월에 선언된 이전 배당금보다 증가한 금액입니다. 배당금은 2025년 8월 11일에 2025년 7월 28일 기준 주주에게 지급됩니다.

South Plains Financial (NASDAQ:SPFI), la société mère de City Bank, a annoncé une augmentation de 7% de son dividende trimestriel en espèces. La société versera un dividende de 0,16 $ par action d'actions ordinaires, en hausse par rapport au dividende déclaré en avril 2025. Le dividende sera versé le 11 août 2025 aux actionnaires inscrits au registre au 28 juillet 2025.

South Plains Financial (NASDAQ:SPFI), die Muttergesellschaft der City Bank, hat eine 7%ige Erhöhung ihrer vierteljährlichen Bardividende angekündigt. Das Unternehmen wird eine Dividende von 0,16 $ pro Stammaktie zahlen, was eine Steigerung gegenüber der im April 2025 erklärten Dividende darstellt. Die Dividende wird am 11. August 2025 an die Aktionäre ausgezahlt, die am 28. Juli 2025 im Besitz der Aktien sind.

Positive
  • Quarterly dividend increased by 7% to $0.16 per share
  • Demonstrates company's financial strength and commitment to shareholder returns
Negative
  • None.

LUBBOCK, Texas, July 17, 2025 (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 $0.16 per share of common stock, a 7% increase from the most recent quarterly cash dividend declared in April 2025. The dividend is payable on August 11, 2025 to shareholders of record as of the close of business on July 28, 2025.

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 is South Plains Financial's (SPFI) new quarterly dividend amount?

South Plains Financial's new quarterly dividend is $0.16 per share, representing a 7% increase from the previous dividend.

When is the ex-dividend date for SPFI's latest dividend?

Shareholders must be on record by July 28, 2025 to receive the dividend payment.

When will South Plains Financial (SPFI) pay its next dividend?

The dividend will be paid on August 11, 2025 to eligible shareholders.

How much did South Plains Financial increase its dividend in July 2025?

South Plains Financial increased its quarterly dividend by 7% compared to the previous dividend declared in April 2025.
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