South Plains Financial, Inc. (NASDAQ:SPFI) Announces Quarterly Dividend of $0.19

South Plains Financial, Inc. (NASDAQ:SPFI) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be given a dividend of $0.19 per share on Monday, November 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 2nd. This is a 5.6% increase from South Plains Financial’s previous quarterly dividend of $0.18.

South Plains Financial has raised its dividend by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 5 years. South Plains Financial has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect South Plains Financial to earn $4.16 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 17.3%.

South Plains Financial Price Performance

NASDAQ:SPFI opened at $43.93 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.10. South Plains Financial has a 52 week low of $35.34 and a 52 week high of $46.94. The stock’s 50-day moving average price is $43.71 and its 200-day moving average price is $42.94. The stock has a market capitalization of $827.64 million, a PE ratio of 11.97 and a beta of 0.49.

South Plains Financial (NASDAQ:SPFI) last released its earnings results on Thursday, October 22nd. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The business had revenue of $65.27 million during the quarter, compared to analyst estimates of $65.22 million. South Plains Financial had a net margin of 20.79% and a return on equity of 12.36%. As a group, equities analysts expect that South Plains Financial will post 3.77 EPS for the current fiscal year.

Key Stories Impacting South Plains Financial

Here are the key news stories impacting South Plains Financial this week:

• Positive Sentiment: Q3 earnings beat expectations. South Plains Financial reported earnings of $1.06 per share, above the $0.99 consensus estimate and up from $0.96 a year earlier. Revenue was $65.27 million, slightly ahead of the $65.22 million forecast. South Plains Financial Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Bank of Houston integration contributed to performance. Coverage indicated the integration is helping results, adding support to the company’s earnings outlook and potential operating scale. South Plains Financial Beats Q3 2026 Estimates as Bank of Houston Integration Pays Off
• Positive Sentiment: Quarterly dividend increased 5.6% to $0.19 per share. The new annualized payout is $0.76 per share, representing an indicated yield of approximately 1.7%. The dividend will be paid November 16 to shareholders of record November 2. South Plains Financial Announces 6% Increase to Quarterly Cash Dividend
• Neutral Sentiment: Management is targeting mid-single-digit loan growth in 2026 and an approximately 85% loan-to-deposit ratio, signaling disciplined balance-sheet management but a potentially moderate pace of expansion. South Plains Signals Mid-Single-Digit 2026 Loan Growth
• Negative Sentiment: The ongoing CEO transition adds execution uncertainty as investors assess leadership continuity and the company’s ability to maintain recent momentum.

South Plains Financial Company Profile

South Plains Financial, Inc is a bank holding company headquartered in Lubbock, Texas. Through its principal subsidiary, City Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and other organizations.

City Bank offers a range of products and services, including checking and savings accounts, certificates of deposit, consumer loans, commercial and industrial lending, agricultural loans, real estate financing, mortgage lending, wealth management and treasury management services.