SPFI - NASDAQ
South Plains Financial, Inc.
$39.58
-2.2%South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.
At a Glance
Live SnapshotSouth Plains Financial, Inc. Dividend History
SPFI Dividend Payment History
Total Payments
28
Latest Dividend
$0.1700
Annual Amount
$0.8100
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Apr 15, 2026 | Apr 27, 2026 | May 11, 2026 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Jan 22, 2026 | Feb 2, 2026 | Feb 17, 2026 | $0.1700 | $0.1700 | Quarterly | +6.25% |
Oct 16, 2025 | Oct 27, 2025 | Nov 10, 2025 | $0.1600 | $0.1600 | Quarterly | 0.00% |
Jul 17, 2025 | Jul 28, 2025 | Aug 11, 2025 | $0.1600 | $0.1600 | Quarterly | +6.67% |
Apr 17, 2025 | Apr 28, 2025 | May 12, 2025 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Jan 23, 2025 | Feb 3, 2025 | Feb 18, 2025 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Oct 17, 2024 | Oct 28, 2024 | Nov 12, 2024 | $0.1500 | $0.1500 | Quarterly | +7.14% |
Jul 18, 2024 | Jul 29, 2024 | Aug 12, 2024 | $0.1400 | $0.1400 | Quarterly | 0.00% |
Apr 18, 2024 | Apr 29, 2024 | May 13, 2024 | $0.1400 | $0.1400 | Quarterly | +7.69% |
Jan 18, 2024 | Jan 29, 2024 | Feb 12, 2024 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Oct 19, 2023 | Oct 30, 2023 | Nov 13, 2023 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Jul 20, 2023 | Jul 31, 2023 | Aug 14, 2023 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Apr 20, 2023 | May 1, 2023 | May 15, 2023 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Jan 19, 2023 | Jan 30, 2023 | Feb 13, 2023 | $0.1300 | $0.1300 | Quarterly | +8.33% |
Oct 20, 2022 | Oct 31, 2022 | Nov 15, 2022 | $0.1200 | $0.1200 | Quarterly | 0.00% |
Jul 21, 2022 | Aug 1, 2022 | Aug 15, 2022 | $0.1200 | $0.1200 | Quarterly | +9.09% |
Apr 21, 2022 | May 2, 2022 | May 16, 2022 | $0.1100 | $0.1100 | Quarterly | 0.00% |
Jan 20, 2022 | Jan 31, 2022 | Feb 14, 2022 | $0.1100 | $0.1100 | Quarterly | +22.22% |
Oct 21, 2021 | Nov 1, 2021 | Nov 16, 2021 | $0.0900 | $0.0900 | Quarterly | 0.00% |
Jul 22, 2021 | Aug 2, 2021 | Aug 16, 2021 | $0.0900 | $0.0900 | Quarterly | +28.57% |
Apr 22, 2021 | May 3, 2021 | May 17, 2021 | $0.0700 | $0.0700 | Quarterly | +40.00% |
Jan 21, 2021 | Feb 1, 2021 | Feb 16, 2021 | $0.0500 | $0.0500 | Quarterly | 0.00% |
Oct 22, 2020 | Nov 2, 2020 | Nov 16, 2020 | $0.0500 | $0.0500 | Quarterly | +66.67% |
Jul 16, 2020 | Jul 27, 2020 | Aug 10, 2020 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Apr 15, 2020 | Apr 27, 2020 | May 11, 2020 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Jan 16, 2020 | Jan 27, 2020 | Feb 10, 2020 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Oct 17, 2019 | Oct 28, 2019 | Nov 12, 2019 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Jul 18, 2019 | Jul 24, 2019 | Aug 7, 2019 | $0.0300 | $0.0300 | Quarterly | - |
South Plains Financial, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Key Insight
Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.
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Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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