South Plains Financial, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial, Inc. (SPFI), the parent of City Bank, announced a quarterly cash dividend of $0.13 per share, payable on May 15, 2023, to shareholders of record by the close of business on May 1, 2023. This move reflects the company’s commitment to returning value to its shareholders.

Situated in Lubbock, Texas, South Plains provides a broad spectrum of commercial and consumer financial services. It is one of the largest independent banks in West Texas, with operations extending across several key Texas markets and into New Mexico.

Positive

• Declared a quarterly cash dividend of $0.13 per share.
• Dividend shows commitment to returning value to shareholders.
• Company operates in multiple key markets across Texas and New Mexico.

Negative

• None.

LUBBOCK, Texas, April 20, 2023 (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 $0.13 per share of common stock. The dividend is payable on May 15, 2023 to shareholders of record as of the close of business on May 1, 2023.

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.

FAQ

What is the dividend amount and payment date for SPFI?

South Plains Financial has declared a dividend of $0.13 per share, payable on May 15, 2023.

When is the record date for the SPFI dividend?

The record date for the dividend is May 1, 2023, at the close of business.

How often does South Plains Financial pay dividends?

South Plains Financial typically pays dividends on a quarterly basis.

What does the dividend declaration indicate about SPFI's financial health?

The dividend declaration suggests that South Plains Financial is confident in its financial stability and profitability.