South Plains Financial (NASDAQ: SPFI) sets $0.17 quarterly dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
South Plains Financial, Inc., parent of City Bank, announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share on its common stock. The dividend will be paid on May 11, 2026 to shareholders of record as of the close of business on April 27, 2026.
Positive
- None.
Negative
- None.
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.
Key Figures
Quarterly dividend: $0.17 per share
Dividend record date: April 27, 2026
Dividend payment date: May 11, 2026
+1 more
4 metrics
Quarterly dividend
$0.17 per share
Declared by Board of Directors
Dividend record date
April 27, 2026
Shareholders of record eligible for dividend
Dividend payment date
May 11, 2026
Date cash dividend will be paid
Common stock par value
$1.00 per share
Par value of South Plains Financial common stock
Key Terms
quarterly cash dividend, shareholders of record, bank holding company, independent banks
4 terms
quarterly cash dividend financial
"its Board of Directors has declared a quarterly cash dividend of $0.17 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
bank holding company financial
"South Plains is the bank holding company for City Bank"
A bank holding company is a parent corporation that owns one or more banks and other financial businesses, like a household that controls several shops under the same roof. Investors care because this structure determines how the business is regulated, how it raises capital, pays dividends, and absorbs losses; it can make a banking group safer or riskier and affects the value and liquidity of the company’s shares.
independent banks financial
"City Bank is one of the largest independent banks in West Texas"
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): April 16, 2026
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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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.
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On April 16, 2026, South Plains Financial, Inc. issued a press release announcing the declaration of a quarterly cash dividend of $0.17 per share on its outstanding common stock. The dividend will be paid on May 11, 2026 to
shareholders of record as of the close of business on April 27, 2026. 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.
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| (d) | Exhibits. | |
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99.1
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Press release, dated April 16, 2026, announcing South Plains Financial, Inc. quarterly cash dividend.
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104
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Cover Page Interactive Data File (formatted as Inline XBRL).
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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. | |||
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Date: April 16, 2026
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By:
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/s/ Steven B. Crockett
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Steven B. Crockett
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Chief Financial Officer and Treasurer |
Exhibit 99.1
South Plains Financial, Inc. Declares Quarterly Cash Dividend
LUBBOCK, Texas, April 16, 2026 (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 $0.17 per share of common stock. The dividend is payable on May 11, 2026 to shareholders of record as of the close of business on April 27, 2026.
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.
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Contact:
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Mikella Newsom, Chief Risk Officer and Secretary
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investors@city.bank
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(866) 771-3347
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| Source: South Plains Financial, Inc. | |
FAQ
What dividend did South Plains Financial (SPFI) declare?
South Plains Financial declared a quarterly cash dividend of $0.17 per share on its common stock. This payment reflects the company’s ongoing practice of returning cash to shareholders through regular dividends, as approved by its Board of Directors.
When is the record date for South Plains Financial’s $0.17 dividend?
The record date for South Plains Financial’s $0.17 per share dividend is April 27, 2026. Shareholders listed on the company’s books at the close of business that day will be entitled to receive the upcoming dividend payment.
When will South Plains Financial pay its declared quarterly dividend?
South Plains Financial will pay its declared quarterly dividend on May 11, 2026. Eligible shareholders of record as of April 27, 2026 will receive a cash payment of $0.17 per share on that payable date.
What type of company is South Plains Financial (SPFI)?
South Plains Financial is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. It offers commercial and retail banking, plus investment, trust, and mortgage services across several Texas markets and Ruidoso, New Mexico.
On which exchange is South Plains Financial common stock listed?
South Plains Financial’s common stock, with a par value of $1.00 per share, trades on The Nasdaq Stock Market LLC under the symbol SPFI. This listing provides public investors access to the company’s shares through a major U.S. exchange.