Press Releases April 15, 2026 08:00 PM

South Plains Financial, Inc. Declares Quarterly Cash Dividend

South Plains Financial Declares Quarterly Dividend of $0.17 per Share

By Sofia Navarro
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SPFI

South Plains Financial, Inc., the parent company of City Bank, announced a quarterly cash dividend of $0.17 per share payable May 11, 2026, to shareholders of record as of April 27, 2026. The company operates primarily in Texas and New Mexico providing commercial and consumer financial services.

South Plains Financial, Inc. Declares Quarterly Cash Dividend
SPFI
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Key Points

  • Declared a quarterly cash dividend of $0.17 per share, showing financial stability and shareholder returns.
  • South Plains Financial operates as a bank holding company for City Bank, with a strong presence in Texas and New Mexico markets.
  • Provides a wide range of financial services including commercial banking, retail banking, investment, trust, and mortgage services.

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.



Contact:Mikella Newsom, Chief Risk Officer and Secretary investors@city.bank 

(866) 771-3347    

Source: South Plains Financial, Inc.


Risks

  • Potential regional economic downturns impacting Texas and New Mexico banking markets.
  • Changes in interest rates that could affect bank profitability and dividend sustainability.
  • Regulatory changes in the banking sector that could influence operational costs and lending activities.

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