South Plains Financial, Inc. Announces 7% Increase to Quarterly Cash Dividend
Rhea-AI Summary
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.
Positive
- Quarterly dividend increased by 7% to $0.16 per share
- Demonstrates company's financial strength and commitment to shareholder returns
Negative
- None.
News Market Reaction – SPFI
In the trading session that priced this news, SPFI gained 0.99%, reflecting a mild positive market reaction. Argus tracked a peak move of +5.8% during that session. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.9x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
