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 – SPFI
In the trading session that priced this news, SPFI gained 5.36%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
