South Plains Financial, Inc. Increases Quarterly Dividend by 6%

By Chris Stiles • Friday, January 23 03:28 • Permanent Link

South Plains Financial, Inc. has announced a 6% increase in its quarterly cash dividend, with the board of directors declaring a dividend of $0.17 per share of common stock. This marks a 6% increase from the most recent quarterly cash dividend declared in November 2025. The dividend is payable on February 17, 2026, to shareholders of record as of the close of business on February 2, 2026.

South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank operates in various markets, including Dallas, El Paso, Greater Houston, the Permian Basin, College Station in Texas, and the Ruidoso market in New Mexico. The company offers a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas, including commercial and retail banking, investment, trust, and mortgage services. Following these announcements, the company's shares moved -0.83%, and are now trading at a price of $40.78. If you want to know more, read the company's complete 8-K report here.

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