South Plains Financial, Inc. (NASDAQ:SPFI) to Issue Dividend Increase – $0.18 Per Share

Posted by Trevor Kearing on Jul 17th, 2026

South Plains Financial, Inc. (NASDAQ:SPFI – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.18 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, July 27th. This is a 5.9% increase from South Plains Financial’s previous quarterly dividend of $0.17.

South Plains Financial has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 5 years. South Plains Financial has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect South Plains Financial to earn $4.08 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.7%.

South Plains Financial Trading Up 3.5%

SPFI opened at $44.25 on Friday. The firm’s fifty day moving average is $41.35 and its two-hundred day moving average is $41.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $847.39 million, a PE ratio of 12.39 and a beta of 0.46. South Plains Financial has a twelve month low of $35.34 and a twelve month high of $45.09.

South Plains Financial (NASDAQ:SPFI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). South Plains Financial had a return on equity of 12.58% and a net margin of 20.22%.The firm had revenue of $54.15 million for the quarter, compared to the consensus estimate of $54.08 million. Equities research analysts anticipate that South Plains Financial will post 3.79 EPS for the current year.

About South Plains Financial

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South Plains Financial, Inc is the bank holding company for South Plains Bank, a community-oriented financial institution headquartered in Lubbock, Texas. The company operates as a full-service commercial bank, providing a broad spectrum of banking solutions to individuals, small businesses and agricultural clients. Its principal subsidiary, South Plains Bank, holds state and national banking charters and is subject to regulatory oversight by the Federal Reserve and various state banking authorities.

The company’s product offerings include traditional deposit accounts such as checking, savings and money market accounts, as well as time deposits.