The Texas-based bank forecasts 2026 loan growth in the mid-single digits while increasing its quarterly dividend by 6%.
South Plains Financial announced a 6% increase in its quarterly dividend to $0.18 per share, reflecting confidence in its financial outlook. The bank also projected mid-single-digit loan growth for 2026, aligning with its strategic goals amid a leadership transition.
The dividend hike follows a period of stable performance, though prior loan growth figures were not disclosed. The company’s CEO, Curtis Griffith, will retire by year-end, with Cory named as successor.
No immediate market reaction was reported following the announcement.