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South Plains Financial, Inc. Declares Quarterly Cash Dividend

1. SPFI declared a quarterly cash dividend of $0.15 per share. 2. Dividend is payable on February 18, 2025. 3. Record date for dividend is February 3, 2025. 4. SPFI operates as a major independent bank in West Texas. 5. Company provides diverse financial services to various markets.

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FAQ

Why Bullish?

The dividend declaration reflects financial stability and may attract investors, similar to past dividend announcements boosting share prices.

How important is it?

Dividends signal company health and encourage investment interest, likely impacting stock price performance positively.

Why Short Term?

The immediate effect corresponds to the upcoming dividend payment date, often influencing short-term trading decisions.

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SPFI
January 23, 2025 17:52 ET  | Source: South Plains Financial, Inc. LUBBOCK, Texas, Jan. 23, 2025 (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 $0.15 per share of common stock. The dividend is payable on February 18, 2025 to shareholders of record as of the close of business on February 3, 2025. 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. Source: South Plains Financial, Inc.

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