South Plains Financial, Inc. Announces 6% Increase to Quarterly Cash Dividend

Core Viewpoint - South Plains Financial, Inc. has announced a quarterly cash dividend of $0.17 per share, reflecting a 6% increase from the previous dividend declared in November 2025 [1]. Group 1: Company Overview - South Plains Financial, Inc. is the parent company of City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas [2]. - City Bank is recognized as one of the largest independent banks in West Texas, with additional operations in Dallas, El Paso, Greater Houston, the Permian Basin, College Station, Texas, and Ruidoso, New Mexico [2]. - The company offers a diverse range of commercial and consumer financial services targeting small and medium-sized businesses and individuals [2]. Group 2: Financial Performance - The declared dividend of $0.17 per share is set to be payable on February 17, 2026, to shareholders of record as of February 2, 2026 [1].