SPFI sets $0.16 dividend; record Oct 27, payable Nov 10

Rhea-AI Filing Summary

South Plains Financial, Inc. (SPFI) declared a quarterly cash dividend of $0.16 per share. The company set a record date of October 27, 2025, and plans to pay the dividend on November 10, 2025, to shareholders of record at the close of business on that date.

The announcement reflects a continuation of the company’s regular capital return via cash dividends. The disclosure was made alongside a press release that provides additional details.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 16, 2025

South Plains Financial, Inc.

(Exact name of registrant as specified in its charter)

Texas	001-38895	75-2453320
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5219 City Bank Parkway Lubbock, Texas		79407
(Address of principal executive offices)		(Zip Code)

(806) 792-7101

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.00 per share	SPFI	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On October 16, 2025, South Plains Financial, Inc. issued a press release announcing the declaration of a quarterly cash dividend of $0.16 per share on its outstanding common stock.  The dividend will be paid on November 10, 2025 to shareholders of record as of the close of business on October 27, 2025.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

	(d)	Exhibits.
	99.1	Press release, dated October 16, 2025, announcing South Plains Financial, Inc. quarterly cash dividend.
	104	Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOUTH PLAINS FINANCIAL, INC.

Date:  October 16, 2025	By:	/s/ Steven B. Crockett
		Steven B. Crockett
		Chief Financial Officer and Treasurer

FAQ

What dividend did South Plains Financial (SPFI) announce?

SPFI announced a quarterly cash dividend of $0.16 per share.

When is the record date for SPFI’s dividend?

Shareholders must be on record by October 27, 2025 to receive the dividend.

When will SPFI pay the dividend?

The dividend is payable on November 10, 2025.

What type of dividend did SPFI declare?

SPFI declared a quarterly cash dividend on its common stock.

Where can I find more details on SPFI’s dividend announcement?

Details are provided in the company’s press release dated October 16, 2025 (Exhibit 99.1).