South Plains Financial, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial (NASDAQ:SPFI), the parent company of City Bank, has announced a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on February 18, 2025, to shareholders of record as of the close of business on February 3, 2025.

Positive

• Regular quarterly dividend maintained at $0.15 per share, demonstrating stable shareholder returns
• Consistent dividend payment indicates strong cash flow position

Negative

• None.

News Market Reaction

+5.36%

1 alert

+5.36% News Effect

On the day this news was published, SPFI gained 5.36%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LUBBOCK, Texas, Jan. 23, 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 $0.15 per share of common stock. The dividend is payable on February 18, 2025 to shareholders of record as of the close of business on February 3, 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 the dividend amount for SPFI's Q1 2025 payment?

South Plains Financial (SPFI) declared a quarterly cash dividend of $0.15 per share for Q1 2025.

When is the ex-dividend date for SPFI's February 2025 dividend?

Shareholders must be on record by February 3, 2025, to receive the dividend payment.

When will SPFI pay its Q1 2025 dividend?

SPFI will pay the quarterly dividend on February 18, 2025.

What is the annual dividend yield for SPFI based on the Q1 2025 payment?

Based on the quarterly dividend of $0.15 per share, SPFI's annual dividend payment would be $0.60 per share, but the yield depends on the current stock price.

How often does South Plains Financial (SPFI) pay dividends?

SPFI pays dividends on a quarterly basis to its shareholders.