South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains"), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, a 6% increase from the most recent quarterly cash dividend declared in April 2026. The dividend is payable on August 10, 2026 to shareholders of record as of the close of business on July 27, 2026.