South Plains Financial, Inc. Increases Quarterly Dividend by 7%

By Hao Liu • Sunday, July 20 15:27 • Permanent Link

South Plains Financial, Inc. has announced a 7% increase in its quarterly cash dividend, setting it at $0.16 per share of common stock. This marks a significant uptick from the most recent quarterly cash dividend declared in April 2025. The dividend is scheduled to be paid on August 11, 2025, to shareholders of record as of the close of business on July 28, 2025.

South Plains Financial, Inc. is the parent company of City Bank, a prominent Texas state-chartered bank headquartered in Lubbock, Texas. City Bank operates in various markets across Texas and New Mexico, offering commercial and consumer financial services to small and medium-sized businesses and individuals. The bank's activities include commercial and retail banking, as well as investment, trust, and mortgage services.

This announcement reflects the company's confidence in its financial position and performance, as well as its commitment to delivering value to its shareholders. The market has reacted to these announcements by moving the company's shares 0.98% to a price of $41.00. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.