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Hilltop Holdings Inc. (HTH) Q2 2026 Earnings Call July 24, 2026 9:00 AM EDT

Company Participants

Matthew Dunn - Head of Investor Relations
Jeremy Ford - President, CEO & Chairman
William Furr - Executive VP & CFO

Conference Call Participants

Matt Olney - Stephens Inc., Research Division
Evan Yee - Raymond James & Associates, Inc., Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to Hilltop Holdings Second Quarter 2026 Earnings Conference Call. [Operator Instructions]

I will now hand the conference over to Matt Dunn, Corporate Development Officer and Head of Investor Relations. Matt, please go ahead.

Matthew Dunn
Head of Investor Relations

Thank you. Before we get started, please note that certain statements during today's presentation that are not statements of historical fact, including statements concerning such items as our outlook, business strategy, future plans, financial condition, credit risks and trends in credit, allowance for credit losses, liquidity and sources of funding, funding costs, dividends, stock repurchases, subsequent events and impacts of interest rate changes as well as such other items referenced in the preface of our presentation are forward-looking statements.

These statements are based on management's current expectations concerning future events that, by their nature, are subject to risks and uncertainties. Our actual results, capital, liquidity and financial condition may differ materially from these statements due to a variety of factors, including the precautionary statements referenced in the preface of our presentation and those included in our most recent annual and quarterly reports filed with the SEC. Please note that certain information presented is preliminary and based upon data available at this time. Except to the extent required by law, we expressly disclaim any obligation to update earlier statements as a result of new information.

Additionally, this presentation includes certain non-GAAP measures, including tangible common equity and

Hilltop Holdings (HTH - Free Report) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this insurance holding compnay would post earnings of $0.5 per share when it actually produced earnings of $0.64, delivering a surprise of +28%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Hilltop Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $315.81 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.01%. This compares to year-ago revenues of $303.31 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Hilltop Holdings shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Hilltop Holdings?While Hilltop Holdings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Hilltop Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.66 on $324.71 million in revenues for the coming quarter and $2.33 on $1.25 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Finance sector, Hippo Holdings Inc. (HIPO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -69.2%. The consensus EPS estimate for the quarter has been revised 23.8% lower over the last 30 days to the current level.

Hippo Holdings Inc.'s revenues are expected to be $145.2 million, up 23.8% from the year-ago quarter.

DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2026. Hilltop produced income attributable to common stockholders of $36.5 million, or $0.63 per diluted share, for the second quarter of 2026, compared to $36.1 million, or $0.57 per diluted share, for the second quarter of 2025. Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per common share, a 10% increase from the.

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New division combines wealth management, investment program support, institutional consulting, and balance sheet resources for community depositories

DALLAS--(BUSINESS WIRE)--Momentum Independent Network Inc. (MIN), a member of the Hilltop Holdings Inc. (NYSE: HTH) family of companies and an affiliate of Hilltop Securities Inc. (HilltopSecurities), has announced the launch of Momentum Financial Institution Services (MFIS). This new division is designed to provide comprehensive brokerage, investment advisory, and institutional consulting services specifically tailored to the needs of community banks and credit unions with under $5 billion in deposits.

“Serving community banks, credit unions, and other depository institutions has been part of HilltopSecurities’ client business for decades,” said HilltopSecurities President and CEO Brad Winges. “As we looked across the full capabilities of HilltopSecurities’ business lines—from institutional banking and balance sheet support to brokerage, advisory, and investment services—we realized we had a unique opportunity to provide that full suite of capabilities in a more coordinated effort for community depositories. Momentum Financial Institution Services is a natural extension of that work and reflects our commitment to helping these institutions compete, grow, and better serve their customers.”

The launch comes at a critical inflection point for community-based financial institutions. For decades, banks and credit unions have relied on networking agreements with broker-dealers to provide customers and members with access to wealth management services. However, continued consolidation across the broker-dealer and third-party marketing space has left the market increasingly dominated by a few national firms focused primarily on larger institutions. As a result, many smaller and mid-sized community programs are underserved, under-resourced, or lacking the hands-on support needed to grow.

“The wealth management landscape has shifted, and we recognized a significant void in how community banks and credit unions are being supported,” said Scott McCaffrey, Head of Momentum Independent Network. “By leveraging the deep institutional resources of the Hilltop family of companies and our boutique service model, we are providing these firms with the sophisticated tools and hands-on partnership they need to remain competitive and profitable in a rapidly evolving market.”

Led by experienced industry veteran Michael Forster, Momentum Financial Institution Services aims to address the specific challenges facing smaller programs, including stagnant branch referral rates, an aging advisor workforce, technology limitations, advisor transition needs, and the growing demand for sustainable non-interest income.

In addition to brokerage and advisory support, the new division is closely aligned with HilltopSecurities’ broader Bank Initiative, which provides community financial institutions with access to strategic consulting and institutional resources across key areas of the business. This includes support around asset-liability considerations, balance sheet strategy, liquidity planning, and other consulting-driven solutions designed to help banks strengthen their overall financial position.

“This division inside Momentum Independent Network was intentionally built to not just be an alternative option for community banks and credit unions, but their default provider,” said Forster. “The market is clearly signaling a need for a viable support option as the service gap widens for smaller community programs. HilltopSecurities is one of only a few firms capable of meeting these diverse needs* — not just from an investment services standpoint, but as a broader strategic partner to the institution.”

MFIS Welcomes HNB Investments

Momentum Financial Institution Services has already demonstrated its model through the successful onboarding of HNB National Bank’s investment services program, HNB Investments. Located in Hannibal, MO, and representing more than $112 million in assets under management, the relationship serves as a key example of the division’s ability to transition, support, and grow community bank investment programs.

“We looked at a lot of the firms in the space, and after doing a full due diligence review, we chose to move our investment business to Momentum Financial Institution Services,” said John Zimmer, President and CEO of HNB National Bank. “They brought the right combination of resources, understanding our needs, and commitment to supporting a community bank program like ours.”

For HNB Investments, the transition has provided access to enhanced technology, expanded platform capabilities, and a high-touch support model.

“We’re excited to leverage the self-clearing HilltopSecurities platform at Momentum Financial Institution Services and are already seeing real efficiencies in the technology that we didn’t have at our previous firm,” said Shelby Terrill, Financial Advisor with HNB Investments. “Additionally, the support and guidance throughout this transition have been outstanding. The Momentum Financial Institution Services team went the extra mile to make the transition process as painless as possible.”

Momentum Financial Institution Services takes a “deep dive” approach to institutional program health, helping banks and credit unions evaluate their existing investment services programs and identify opportunities to improve profitability, advisor productivity, branch engagement, and long-term growth. Whether an institution is looking to revitalize an underperforming program, recruit and retain advisors, strengthen internal referrals, or launch a de novo investment services offering, MFIS provides a clear path to building sustainable value.

“We see an opportunity to help the number of community depositories without an investment services program. Through our Momentum Advisor Connect program, we believe community banks and credit unions now have access to a turnkey solution for launching a scalable investment services program. Historically, many institutions—particularly those with lower deposit levels or located in rural markets—have faced significant barriers to entry. Our solution is uniquely designed to help institutions implement an investment services program, create a path to non-interest income, and preserve institutional ownership and control,” Forster said. “We are about pursuing relationships that make sense for both sides and helping these institutions strengthen their programs for the long term.”

About Momentum Independent Network Inc.

Momentum Independent Network Inc. (MIN), a Texas corporation, is a full-service broker dealer and Registered Investment Adviser and a member of FINRA and SIPC serving independent registered representatives and their clients across the United States. The firm is a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH) and a sister company of Hilltop Securities Inc., through which it clears its securities business. Learn more at MomentumIN.com.

*Based on current investment banks providing broker-dealer and fixed income services to financial institutions.

More News From Hilltop Securities Inc.

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Property-wide drone magnetic survey flown at the end of 2025 indicates a buried intrusive centre near the previous northern boundary of Toiyabe Hills

Intrusions of this geophysical nature and geologic setting are key features of the largest Carlin-style gold camps in Nevada; the Company immediately identified and secured available ground to the north

The new findings explain mapped and logged thermal alteration in and around Campfire and the SSD Zone, both of which are priority targets slated for additional drilling in 2026

Vancouver, British Columbia, March 26, 2026 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to announce the discovery of a deep-seated igneous stock, as indicated by a magnetic survey, near the former northern boundary of its Toiyabe Hills Property in Lander County, Nevada (“Toiyabe Hills”, or the “Property”). This new revelation marks a significant development in the understanding of the Property, and the Company has since expanded its land position northwards to cover additional ground over and adjacent to the concealed magnetic intrusion (the “Threemile Stock”), which is situated at depth in the footwall of a district-scale north-south structural corridor and mineralization control (the “Hilltop Corridor”). The recently-interpreted magnetic data also highlighted major dike swarms that vector towards the Threemile Stock, which explains their presence and suggests the igneous features are connected at depth. Deep-seated magnetic intrusions of this character, in close association with felsic to lamprophyric dike swarms, form an igneous centre. This unique structural setting is a key component of the largest Carlin-style gold camps in Nevada, including the Goldstrike, Pipeline and Cortez Complexes. Additional work is planned over the coming weeks and months to more precisely define the geometry and characteristics of the Threemile Stock.

A roundtable video discussion featuring Colin Moore (CEO), Dr. Quinton Hennigh (Chairman), Kelly Cluer (Director), Robert Edie (VP Exploration), and Steve Koehler (Technical Advisor), is available here:

In the discussion, Dr. Quinton Hennigh notes: “We have the ground all the way up to the southern edge of the Caetano, and now we have evidence of an intrusion in that neighbourhood. This is getting very interesting. If anything, I think the recent work we’ve done – and the recognition that we made here – is going to make the Company going forward.”

2025 Drone Magnetic Survey & Interpretations:

At the end of the 2025 field season, MWH Geo-Surveys International Inc. of Reno, NV (“MWH”) completed a Property-wide drone magnetic survey, flown at 50-metre line spacings and an average altitude of 48 metres. The data acquired were then processed and analyzed by Mr. Jim Wright of J.L. Wright Geophysics in Spring Creek, NV, a renowned geophysicist with over 40 years of expertise within the Carlin and Cortez Districts of northern Nevada. The major findings included an interpreted deep-seated igneous stock near the northern boundary of Toiyabe Hills, intruded into the footwall of the Hilltop Corridor. Observations consistent with a thermal aureole – evidently, the peripheral effects of the Threemile Stock – had previously been made by the Company at the Property, with hornfels alteration mapped at surface and logged in nearby drill holes. Figure 1 below shows total magnetic intensity (TMI) and combines 2025 MWH magnetic data with inherited legacy data collected via fixed-wing surveys in the 1980s and 1990s by Pearson, deRidder and Johnson (“PRJ”) of Lakewood, CO. A step-out drone magnetic survey by MWH – to be completed imminently – will improve upon the legacy PRJ data to the north and more precisely define the dimensions and character of the Threemile Stock.

Figure 1: Total Magnetic Intensity – Toiyabe Hills & Surrounding Area

Click Image To View Full Size

Note source for geologic map underlying magnetic data (Figure 1, right hand side): Colgan, J.P., Henry, C.D., and John, D.A., 2011, Geologic map of the Caetano Caldera, Lander and Eureka counties, Nevada: Nevada Bureau of Mines and Geology Map 174, scale 1:75,000, 10 p.

The MWH drone survey defines a complex magnetic landscape; the interpretation relied on residual magnetics to remove much of the regional slope – allowing for recognition of smaller amplitude features in the data (see Figure 2 below). This led to the identification of a compelling cluster of short, linear magnetic highs centred in the northern portion of the coverage, interpreted to be dikes. In the centre of the survey’s north area there is also an interesting east-west oriented intrusive response, proximal to areas of interest as indicated by several other datasets. The dike swarm and surrounding area is a focal point for intrusive activity, and includes portions of the Company’s 2026 drill targets at the SSD Zone and Campfire.

Figure 2: Residual Magnetics, Qualitative Interpretation (J.L. Wright Geophysics, 2026)

Click Image To View Full Size

2026 Land Expansion:

With results from the 2025 drone magnetic survey in hand, the Company identified additional available ground proximal to the Threemile Stock and along strike of the Hilltop Corridor. As soon as weather conditions allowed, 168 unpatented mining claims administered by the U.S. Bureau of Land Management (“BLM”) were staked; Westward’s 100%-owned fully-contiguous land position is now comprised of 1,015 claims covering approximately 84 square kilometres (see Figures 3 and 4 below). These new claims are not subject to any underlying royalties or obligations with the exception of annual maintenance fees payable to the BLM and Lander County.

Figure 3: Evolution of Westward’s Toiyabe Hills Property

Click Image To View Full Size

Figure 4: Toiyabe Hills & Surrounding Area (Top – Looking NNE, Bottom – Looking South)

Click Image To View Full Size

In addition to the aforementioned step-out drone magnetics survey to be completed in short order, the new land will also be subject to the Company’s standard suite of baseline systematic exploration programs over the coming weeks and months. This will include a gravity survey (to tie into the current Property-wide dataset), soil and rock-chip sampling programs, and detailed Anaconda-style geologic and alteration mapping. In addition to the findings of the drone magnetics survey, Westward’s investigation of historical data and literature on the area suggests it is prospective for Carlin-type gold exploration:

Geologic models indicate the edge of the Caetano Caldera displays attractive exploration characteristics, yet is historically poorly-understood 

Geologic mapping has suggested potential areas where lower-plate carbonate rocks (Paleozoic limestones) crop out at surface – with Eocene volcanic rocks having been eroded away. Post-Eocene uplifts, with multiple episodes of tectonic and magmatic activity, are prime settings for larger Carlin-type gold systems. The upcoming gravity survey and other systematic mapping campaigns will facilitate identification of zones where Paleozoic carbonate rocks lie at shallow depths. 

Legacy samples and sketch mapping over the newly-staked ground indicate hornfels and other calc-silicate alteration zones, in addition to altered dikes. 

The new claims cover mapped historical mining prospects, in addition to apparent legacy drilling of a colour anomaly that spans Paleozoic sedimentary rocks and Tertiary volcanic rocks. 

The presence of old road cuts and trenches on the ground (from companies that pre-date Westward) is an advantage that will greatly benefit upcoming mapping and sampling efforts. 

Qualified Person

The technical information contained in this news release was reviewed and approved by Robert Edie, Vice President Exploration of the Company, who is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Edie is a Certified Professional Geologist (CPG) through the American Institute of Professional Geologists (AIPG).

About Westward Gold

Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills Project located in the Cortez Trend area of Lander County, Nevada, and the Coyote and Rossi Projects located along the Carlin Trend in Elko County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.

For further information contact:

Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 (604) 828-7027

[email protected]

www.westwardgold.com

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate”, “potential”, “on track”, “forecast", "budget", “target”, “outlook”, “continue”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.

Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company’s expansion plans, project timelines, expected drilling targets, and other statements that express management’s expectations or estimates of future plans and performance.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company’s latest management discussion and analysis under “Risks and Uncertainties”, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

Posted by Defense World Staff on Apr 16th, 2026

Hilltop (NYSE:HTH – Get Free Report) is expected to be announcing its Q1 2026 results after the market closes on Thursday, April 23rd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $304.8660 million for the quarter. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Friday, April 24, 2026 at 9:00 AM ET.

Hilltop (NYSE:HTH – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.23. The firm had revenue of $217.40 million during the quarter, compared to analysts’ expectations of $300.15 million. Hilltop had a net margin of 10.19% and a return on equity of 7.47%. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, analysts expect Hilltop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hilltop Stock Performance Shares of HTH stock opened at $37.06 on Thursday. The stock has a market capitalization of $2.20 billion, a P/E ratio of 13.98 and a beta of 0.92. The company has a 50 day moving average price of $37.08 and a 200 day moving average price of $35.21. Hilltop has a fifty-two week low of $28.09 and a fifty-two week high of $40.41.

Hilltop Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Hilltop’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 13th. Hilltop’s dividend payout ratio (DPR) is presently 30.19%.

Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on HTH shares. Keefe, Bruyette & Woods lifted their price objective on shares of Hilltop from $34.00 to $39.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen cut shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Zacks Research cut shares of Hilltop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Get Our Latest Report on Hilltop

Insiders Place Their Bets In other Hilltop news, CEO Martin Bradley Winges sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $38.46, for a total transaction of $999,960.00. Following the completion of the transaction, the chief executive officer owned 65,831 shares in the company, valued at $2,531,860.26. The trade was a 28.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Gerald J. Ford sold 259,771 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $37.98, for a total transaction of $9,866,102.58. Following the transaction, the insider owned 7,867 shares of the company’s stock, valued at $298,788.66. This trade represents a 97.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 294,796 shares of company stock worth $11,225,619 in the last 90 days. Corporate insiders own 29.90% of the company’s stock.

Institutional Trading of Hilltop Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after buying an additional 918 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Hilltop during the 3rd quarter worth approximately $43,000. Smartleaf Asset Management LLC lifted its position in shares of Hilltop by 36.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,817 shares of the financial services provider’s stock worth $62,000 after buying an additional 483 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Hilltop during the 4th quarter worth approximately $111,000. Finally, Zacks Investment Management purchased a new stake in shares of Hilltop during the 3rd quarter worth approximately $218,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.

About Hilltop (Get Free Report)

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.

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DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the first quarter of 2026. Hilltop produced income attributable to common stockholders of $37.8 million, or $0.64 per diluted share, for the first quarter of 2026, compared to $42.1 million, or $0.65 per diluted share, for the first quarter of 2025.

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on May 22, 2026 to all common stockholders of record as of the close of business on May 8, 2026. Additionally, during the first quarter of 2026, Hilltop paid $47.5 million to repurchase an aggregate of 1,238,216 shares of its common stock at an average price of $38.40 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, and international armed conflicts and their impact on supply chains within our business segments during the first quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026.

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “Amid a volatile quarter, Hilltop delivered strong operating results with all three lines of business reporting improved year-over-year financial results. At PlainsCapital Bank, loan and deposit growth, combined with meaningful net interest margin expansion, generated a 1.2% return on average assets. PrimeLending further reduced its operating losses in the quarter by capitalizing on higher origination volumes and an expanded gain on sale margin. HilltopSecurities produced a 12.7% pre-tax margin on $116 million of net revenues driven by relative strength across its business lines. For the quarter, Hilltop produced a 1.0% return on average assets and returned $59 million to stockholders through dividends and share repurchases.”

First Quarter 2026 Highlights for Hilltop:

The provision for credit losses was $1.8 million during the first quarter of 2026, compared to a provision for credit losses of $7.8 million in the fourth quarter of 2025 and a provision for credit losses of $9.3 million in the first quarter of 2025; The provision for credit losses during the first quarter of 2026 was primarily driven by a build in the allowance related to specific reserves and net charge-offs, partially offset by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes within the banking segment since the prior quarter. For the first quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $72.9 million, compared to $67.7 million in the first quarter of 2025, a 7.6% increase; Mortgage loan origination production volume was $2.0 billion during the first quarter of 2026, compared to $1.7 billion during the first quarter of 2025; Net gains from mortgage loans sold to third parties, including broker fee income, increased to 261 basis points during the first quarter of 2026, compared to 250 basis points in the fourth quarter of 2025. Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the first quarter of 2026 were 1.02% and 7.12%, respectively, compared to 1.13% and 7.82%, respectively, for the first quarter of 2025; Hilltop’s book value per common share increased to $36.63 at March 31, 2026, compared to $36.42 at December 31, 2025; Hilltop’s total assets were $15.7 billion and $15.8 billion at March 31, 2026 and December 31, 2025, respectively; Loans1, net of allowance for credit losses, were $8.0 billion and $7.9 billion at March 31, 2026 and December 31, 2025, respectively; Non-accrual loans were $61.0 million, or 0.66% of total loans, at March 31, 2026, compared to $53.4 million, or 0.58% of total loans, at December 31, 2025; Loans held for sale decreased by 15.0% from December 31, 2025 to $807.7 million at March 31, 2026; Total deposits2 were $10.5 billion and $10.9 billion at March 31, 2026 and December 31, 2025, respectively; Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio3 of 12.82% and a Common Equity Tier 1 Capital Ratio of 19.08% at March 31, 2026; Hilltop’s consolidated net interest margin4 increased to 3.13% for the first quarter of 2026, compared to 3.02% in the fourth quarter of 2025; For the first quarter of 2026, noninterest income was $188.4 million, compared to $213.3 million in the first quarter of 2025, a 11.7% decrease; For the first quarter of 2026, noninterest expense was $248.3 million, compared to $251.5 million in the first quarter of 2025, a 1.3% decrease; and Hilltop’s effective tax rate was 22.6% during the first quarter of 2026, compared to 22.7% during the same period in 2025. The effective tax rate for the first quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments.       Consolidated Financial and Other Information 

  Consolidated Balance Sheets

March 31,

December 31,

September 30,

June 30,

March 31,

(in 000's)

2026

2025

2025

2025

2025

Cash and due from banks

$

874,194

$

1,231,944

$

1,277,283

$

982,488

$

1,702,623

Federal funds sold

650

650

650

650

650

Assets segregated for regulatory purposes

17,673

20,211

5,050

47,158

88,451

Securities purchased under agreements to resell

133,088

55,977

78,909

93,878

99,099

Securities:

Trading, at fair value

698,106

617,408

574,434

675,757

647,158

Available for sale, at fair value, net (1)

1,469,670

1,491,048

1,443,612

1,408,347

1,405,170

Held to maturity, at amortized cost, net (1)

759,628

728,329

755,012

771,641

762,369

Equity, at fair value

238

265

248

4,996

286

2,927,642

2,837,050

2,773,306

2,860,741

2,814,983

Loans held for sale

807,745

950,142

849,357

979,875

818,328

Loans held for investment, net of unearned income

8,433,673

8,311,952

8,227,194

8,061,204

7,966,777

Allowance for credit losses

(88,997

)

(91,537

)

(95,168

)

(97,961

)

(106,197

)

Loans held for investment, net

8,344,676

8,220,415

8,132,026

7,963,243

7,860,580

Broker-dealer and clearing organization receivables

1,625,156

1,588,882

1,519,005

1,469,628

1,450,077

Premises and equipment, net

135,551

132,820

136,830

139,179

143,957

Operating lease right-of-use assets

89,845

83,757

87,464

88,050

93,451

Mortgage servicing assets

20,045

17,491

12,273

7,887

6,903

Other assets

452,779

432,603

459,588

455,930

459,774

Goodwill

267,447

267,447

267,447

267,447

267,447

Other intangible assets, net

5,365

5,605

5,862

6,119

6,376

Total assets

$

15,701,856

$

15,844,994

$

15,605,050

$

15,362,273

$

15,812,699

Deposits:

Noninterest-bearing

$

2,830,008

$

2,831,919

$

2,766,155

$

2,790,958

$

2,859,828

Interest-bearing

7,701,541

8,046,161

7,909,316

7,600,599

7,972,138

Total deposits

10,531,549

10,878,080

10,675,471

10,391,557

10,831,966

Broker-dealer and clearing organization payables

1,481,998

1,518,503

1,445,280

1,461,683

1,446,886

Short-term borrowings

990,807

676,882

680,979

734,508

705,008

Securities sold, not yet purchased, at fair value

63,346

37,955

65,119

59,766

63,171

Notes payable

148,645

148,587

148,530

148,475

198,043

Operating lease liabilities

106,166

100,155

104,134

104,972

110,815

Other liabilities

205,621

287,226

269,297

234,467

227,988

Total liabilities

13,528,132

13,647,388

13,388,810

13,135,428

13,583,877

Common stock

585

595

613

630

642

Additional paid-in capital

953,176

973,072

998,644

1,022,474

1,037,138

Accumulated other comprehensive loss

(82,348

)

(79,877

)

(87,254

)

(94,748

)

(100,654

)

Retained earnings

1,272,618

1,274,611

1,276,539

1,270,286

1,262,586

Total Hilltop stockholders' equity

2,144,031

2,168,401

2,188,542

2,198,642

2,199,712

Noncontrolling interests

29,693

29,205

27,698

28,203

29,110

Total stockholders' equity

2,173,724

2,197,606

2,216,240

2,226,845

2,228,822

Total liabilities & stockholders' equity

$

15,701,856

$

15,844,994

$

15,605,050

$

15,362,273

$

15,812,699

Three Months Ended

Consolidated Income Statements

March 31,

December 31,

September 30,

June 30,

March 31,

(in 000's, except per share data)

2026

2025

2025

2025

2025

Interest income:

Loans, including fees

$

130,086

$

133,546

$

135,773

$

131,793

$

124,692

Securities borrowed

14,203

17,753

21,175

20,544

15,809

Securities:

Taxable

26,919

25,088

25,452

25,811

24,782

Tax-exempt

3,021

3,509

3,512

3,087

2,613

Other

10,061

13,913

14,349

15,946

24,903

Total interest income

184,290

193,809

200,261

197,181

192,799

Interest expense:

Deposits

48,325

54,167

57,001

57,056

60,051

Securities loaned

12,842

16,020

19,430

17,662

14,736

Short-term borrowings

7,587

7,637

7,867

7,694

8,103

Notes payable

2,355

2,317

2,404

3,106

3,653

Other

1,084

1,141

1,171

989

1,139

Total interest expense

72,193

81,282

87,873

86,507

87,682

Net interest income

112,097

112,527

112,388

110,674

105,117

Provision for (reversal of) credit losses

1,765

7,824

(2,511

)

(7,340

)

9,338

Net interest income after provision for (reversal of) credit losses

110,332

104,703

114,899

118,014

95,779

Noninterest income (1):

Net gains from sale of loans and other mortgage production income

50,972

49,580

51,730

51,945

45,281

Mortgage loan origination fees

21,910

26,602

24,850

28,738

22,451

Principal transactions, commissions and fees

66,534

76,033

74,066

47,856

55,313

Investment banking, advisory and administrative fees

36,920

47,627

53,349

43,730

36,628

Other

12,079

17,518

13,812

20,365

53,667

Total noninterest income

188,415

217,360

217,807

192,634

213,340

Noninterest expense:

Employees' compensation and benefits

168,962

187,960

190,027

176,410

176,240

Occupancy and equipment, net

19,829

20,818

19,930

21,064

19,782

Professional services

11,245

12,386

12,681

10,820

4,114

Other

48,267

47,757

49,265

52,882

51,337

Total noninterest expense

248,303

268,921

271,903

261,176

251,473

Income before income taxes

50,444

53,142

60,803

49,472

57,646

Income tax expense

11,425

10,218

14,129

11,583

13,114

Net income

39,019

42,924

46,674

37,889

44,532

Less: Net income attributable to noncontrolling interest

1,183

1,340

856

1,816

2,416

Income attributable to Hilltop

$

37,836

$

41,584

$

45,818

$

36,073

$

42,116

Earnings per common share:

Basic

$

0.64

$

0.69

$

0.74

$

0.57

$

0.65

Diluted

$

0.64

$

0.69

$

0.74

$

0.57

$

0.65

Cash dividends declared per common share

$

0.20

$

0.18

$

0.18

$

0.18

$

0.18

Weighted average shares outstanding:

Basic

59,124

60,457

62,146

63,637

64,613

Diluted

59,207

60,498

62,168

63,638

64,615

      Three Months Ended March 31, 2026

Segment Results

Mortgage

All Other and

Hilltop

(in 000's)

Banking

Broker-Dealer

Origination

Corporate

Eliminations

Consolidated

Net interest income (expense)

$

98,724

$

11,892

$

(927

)

$

1,429

$

979

$

112,097

Provision for (reversal of) credit losses

1,759

6

—

—

—

1,765

Noninterest income

11,081

104,175

72,969

1,429

(1,239

)

188,415

Noninterest expense

60,984

101,285

74,401

11,893

(260

)

248,303

Income (loss) before taxes

$

47,062

$

14,776

$

(2,359

)

$

(9,035

)

$

—

$

50,444

Three Months Ended March 31, 2025

Segment Results

Mortgage

All Other and

Hilltop

(in 000's)

Banking

Broker-Dealer

Origination

Corporate

Eliminations

Consolidated

Net interest income (expense)

$

90,550

$

11,568

$

(1,397

)

$

(869

)

$

5,265

$

105,117

Provision for (reversal of) credit losses

9,372

(34

)

—

—

—

9,338

Noninterest income

10,810

96,937

67,775

43,379

(5,561

)

213,340

Noninterest expense

51,930

99,323

74,660

25,891

(331

)

251,473

Income (loss) before taxes

$

40,058

$

9,216

$

(8,282

)

$

16,619

$

35

$

57,646

March 31,

December 31,

September 30,

June 30,

March 31,

Capital Ratios

2026

2025

2025

2025

2025

Tier 1 capital (to average assets):

PlainsCapital

9.54

%

10.60

%

10.74

%

10.71

%

10.22

%

Hilltop

12.82

%

12.78

%

13.13

%

13.11

%

12.86

%

Common equity Tier 1 capital (to risk-weighted assets):

PlainsCapital

12.71

%

14.49

%

14.81

%

15.08

%

15.06

%

Hilltop

19.08

%

19.70

%

20.33

%

20.74

%

21.17

%

Tier 1 capital (to risk-weighted assets):

PlainsCapital

12.71

%

14.49

%

14.81

%

15.08

%

15.06

%

Hilltop

19.08

%

19.70

%

20.33

%

20.74

%

21.17

%

Total capital (to risk-weighted assets):

PlainsCapital

13.77

%

15.60

%

15.96

%

16.29

%

16.31

%

Hilltop

21.50

%

22.20

%

22.90

%

23.38

%

24.45

%

                                                Three Months Ended

March 31,

December 31,

September 30,

June 30,

March 31,

Selected Financial Data

2026

2025

2025

2025

2025

          Hilltop Consolidated:

          Return on average stockholders' equity

7.12

%

7.60

%

8.35

%

6.62

%

7.82

%

Return on average assets

1.02

%

1.09

%

1.20

%

0.98

%

1.13

%

Net interest margin (1)

3.13

%

3.02

%

3.06

%

3.01

%

2.84

%

Net interest margin (taxable equivalent) (2):

          As reported

3.15

%

3.04

%

3.09

%

3.04

%

2.86

%

Impact of purchase accounting

4 bps

  3 bps

  2 bps

  2 bps

  4 bps

  Book value per common share ($)

36.63

36.42

35.69

34.90

34.29

Shares outstanding, end of period (000's)

58,530

59,540

61,326

63,001

64,154

Dividend payout ratio (3)

31.25

%

26.17

%

24.41

%

31.75

%

27.62

%

          Banking Segment:

          Net interest margin (1)

3.38

%

3.29

%

3.23

%

3.16

%

2.97

%

Net interest margin (taxable equivalent) (2):

          As reported

3.39

%

3.29

%

3.23

%

3.17

%

2.97

%

Impact of purchase accounting

5 bps

  4 bps

  2 bps

  3 bps

  3 bps

  Accretion of discount on loans ($000's)

1,260

961

572

588

1,045

Net recoveries (charge-offs) ($000's)

(4,305

)

(11,455

)

(282

)

(896

)

(4,257

)

Return on average assets

1.17

%

1.05

%

1.34

%

1.35

%

0.96

%

Fee income ratio

10.1

%

11.0

%

10.2

%

11.1

%

10.7

%

Efficiency ratio

55.5

%

54.1

%

51.7

%

55.4

%

51.2

%

Employees' compensation and benefits ($000's)

35,744

33,241

31,925

32,146

34,102

          Broker-Dealer Segment:

          Net revenue ($000's) (4)

116,067

138,374

144,494

109,653

108,505

Employees' compensation and benefits ($000's)

71,272

83,361

86,997

73,493

68,064

Variable compensation expense ($000's)

36,469

49,635

50,756

36,172

33,283

Compensation as a % of net revenue

61.4

%

60.2

%

60.2

%

67.0

%

62.7

%

Pre-tax margin (5)

12.7

%

18.4

%

18.3

%

5.8

%

8.5

%

          Mortgage Origination Segment:

          Mortgage loan originations - volume ($000's):

          Home purchases

1,428,157

1,918,395

2,027,568

2,168,690

1,528,560

Refinancings

600,569

511,960

269,136

263,829

213,781

Total mortgage loan originations - volume

2,028,726

2,430,355

2,296,704

2,432,519

1,742,341

Mortgage loan sales - volume ($000's)

2,021,018

2,180,088

2,220,126

2,135,291

1,744,555

Net gains from mortgage loan sales (basis points):

          Loans sold to third parties (6)

248

236

226

223

222

Broker fee income (7)

13

14

13

10

10

Impact of loans retained by banking segment

(7

)

(4

)

(5

)

(5

)

(8

)

As reported

254

246

234

228

224

Mortgage servicing rights asset ($000's) (8)

20,045

17,491

12,273

7,887

6,903

Employees' compensation and benefits ($000's)

55,087

59,657

60,036

62,214

53,339

Variable compensation expense ($000's)

28,723

34,275

32,665

34,975

24,832

______________________________ (1)

Net interest margin is defined as net interest income divided by average interest-earning assets.

(2)

Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $1.0 million, $0.8 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.2 million, $0.1 million, $0.3 million, $0.1 million and $0.2 million, respectively, for the periods presented. 

(3)

Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share. 

(4)

Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income. 

(5)

Pre-tax margin is defined as income before income taxes divided by net revenue. 

(6)

Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 7, 8, 9, 7 and 17 basis points, respectively, for the periods presented. 

(7)

Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending. 

(8)

Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation. 

      March 31,

December 31,

September 30,

June 30,

March 31,

Non-Performing Assets Portfolio Data

2026

2025

2025

2025

2025

Loans accounted for on a non-accrual basis ($000's):

Commercial real estate:

Non-owner occupied

$

15,288

$

3,873

$

3,969

$

4,107

$

4,241

Owner occupied

10,218

5,617

7,119

6,429

6,535

Commercial and industrial

22,237

28,581

41,457

40,990

51,987

Construction and land development

844

1,010

1,007

3,667

3,256

1-4 family residential

12,419

14,367

14,701

17,550

15,458

Consumer

—

—

—

—

—

Broker-dealer

—

—

—

—

—

Non-accrual loans ($000's)

$

61,006

$

53,448

$

68,253

$

72,743

$

81,477

Non-accrual loans as a % of total loans

0.66

%

0.58

%

0.75

%

0.80

%

0.93

%

Other real estate owned ($000's)

8,473

8,020

8,289

9,144

7,682

Other repossessed assets ($000's)

—

—

—

—

—

Non-performing assets ($000's)

69,479

61,468

76,542

81,887

89,159

Non-performing assets as a % of total assets

0.44

%

0.39

%

0.49

%

0.53

%

0.56

%

Loans past due 90 days or more and still accruing ($000's) (1)

40,155

33,811

28,388

28,378

24,145

        Three Months Ended March 31,

2026

2025

Average

Interest

Annualized

Average

Interest

Annualized

Net Interest Margin 

Outstanding

Earned

Yield or

Outstanding

Earned

Yield or

(Taxable Equivalent) Details (1)

Balance

or Paid

Rate

Balance

or Paid

Rate

Assets

  Interest-earning assets

  Loans held for sale

$

845,782

$

12,353

5.84

%

  $

709,094

$

11,438

6.45

%

Loans held for investment, gross (2)

8,297,552

117,733

5.75

%

  7,890,745

113,254

5.82

%

Investment securities - taxable

2,529,893

26,919

4.26

%

  2,455,590

24,782

4.04

%

Investment securities - non-taxable (3)

356,410

3,797

4.26

%

  321,128

3,253

4.05

%

Federal funds sold and securities purchased under agreements to resell

87,371

963

4.47

%

  100,691

1,820

7.33

%

Interest-bearing deposits in other financial institutions

857,761

7,541

3.57

%

  2,037,462

21,192

4.22

%

Securities borrowed

1,435,543

14,203

3.96

%

  1,390,797

15,809

4.55

%

Other

119,239

1,557

5.30

%

  117,155

1,891

6.55

%

Interest-earning assets, gross (3)

14,529,551

185,066

5.17

%

  15,022,662

193,439

5.22

%

Allowance for credit losses

(91,822

)

  (100,704

)

Interest-earning assets, net

14,437,729

  14,921,958

Noninterest-earning assets

1,003,519

  1,012,700

Total assets

$

15,441,248

  $

15,934,658

  Liabilities and Stockholders' Equity

  Interest-bearing liabilities

  Interest-bearing deposits

$

7,881,301

$

48,325

2.49

%

  $

8,186,423

$

60,051

2.97

%

Securities loaned

1,420,058

12,842

3.67

%

  1,381,819

14,736

4.33

%

Notes payable and other borrowings

959,120

11,026

4.66

%

  1,065,835

12,895

4.91

%

Total interest-bearing liabilities

10,260,479

72,193

2.85

%

  10,634,077

87,682

3.34

%

Noninterest-bearing liabilities

  Noninterest-bearing deposits

2,728,216

  2,696,247

Other liabilities

267,998

  391,617

Total liabilities

13,256,693

  13,721,941

Stockholders’ equity

2,155,173

  2,184,937

Noncontrolling interest

29,382

  27,780

Total liabilities and stockholders' equity

$

15,441,248

  $

15,934,658

  Net interest income (3)

$

112,873

  $

105,757

Net interest spread (3)

2.32

%

  1.88

%

Net interest margin (3)

3.15

%

  2.86

%

______________________________ (1)

Information presented on a consolidated basis (dollars in thousands).

(2)

Average balance includes non-accrual loans. 

(3)

Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively. 

      Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, April 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review first quarter 2026 financial results. Interested parties can access the conference call by dialing 800-715-9871 (Toll Free North America) or (+1) 646-307-1963 (International Toll) and then using the conference ID 4151629. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website (http://ir.hilltop.com).

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At March 31, 2026, Hilltop employed approximately 3,520 people and operated 303 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated or implied in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our outlook, plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of our data security controls in the face of cyber-attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our banking, broker-dealer, and mortgage origination segments from other banks and financial institutions as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; and (xiii) our ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

More News From Hilltop Holdings Inc.

For the quarter ended March 2026, Hilltop Holdings (HTH - Free Report) reported revenue of $300.51 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.65 in the year-ago quarter.

The reported revenue represents a surprise of -2.71% over the Zacks Consensus Estimate of $308.88 million. With the consensus EPS estimate being $0.50, the EPS surprise was +28%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Hilltop Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Outstanding Balance - Interest-earning assets, gross: $14.44 billion versus $14.84 billion estimated by three analysts on average.Non-accrual loans: $61.01 million versus $52.06 million estimated by three analysts on average.Net Interest Margin: 3.1% versus the three-analyst average estimate of 3%.Non-performing assets: $69.48 million versus the three-analyst average estimate of $61.5 million.Efficiency Ratio: 55.5% compared to the 82.8% average estimate based on two analysts.Net Interest Income (FTE): $112.87 million versus $110.56 million estimated by three analysts on average.Net Interest Income: $112.1 million versus the three-analyst average estimate of $109.73 million.Total Noninterest Income: $188.42 million versus the three-analyst average estimate of $199.16 million.Investment banking, advisory and administrative fees: $36.92 million versus the two-analyst average estimate of $45.87 million.Mortgage loan origination fees: $21.91 million versus the two-analyst average estimate of $25.29 million.Net gains from sale of loans and other mortgage production income: $50.97 million versus $53.02 million estimated by two analysts on average.Principal transactions, commissions and fees: $66.53 million versus $52.27 million estimated by two analysts on average.View all Key Company Metrics for Hilltop Holdings here>>>

Shares of Hilltop Holdings have returned +5.6% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Key Takeaways Hilltop Holdings earned $0.64 in Q1 2026, beating the $0.50 consensus even as EPS slipped 1.5% Y/Y.Hilltop Holdings NII rose 6.6% to $112.1M as NIM widened 29 bps to 3.15%.Hilltop Holdings provision fell 81.1% to $1.8M; loans grew 1.5% sequentially, deposits dropped 3.2%. Hilltop Holdings Inc.’s (HTH - Free Report)  first-quarter 2026 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 50 cents. The bottom line declined 1.5% from the prior-year quarter.

Results primarily benefited from higher net interest income (NII), lower provision for credit losses and a decline in non-interest expenses. Sequential growth in loans was another positive. However, lower non-interest income and a decline in deposits were headwinds.

Net income attributable to common stockholders was $37.8 million, down 10.2% year over year. Our estimate for the metric was $25.6 million.

Hilltop Holdings’ Revenues Decline, Expenses FallNet revenues in the first quarter were $300.5 million, down 5.6% year over year. The top line lagged the Zacks Consensus Estimate of $308.9 million.

NII increased 6.6% year over year to $112.1 million. The net interest margin (NIM) (taxable-equivalent basis) was 3.15%, expanding 29 basis points (bps). Our estimates for NII and NIM were $108.7 million and 2.98%, respectively.

Non-interest income was $188.4 million, down 11.7%. The decline was due to a fall in other non-interest income. We had projected the metric to be $201.8 million.

Non-interest expenses fell 1.3% from the prior-year quarter to $248.3 million. The decrease was mainly due to lower other expenses and employees' compensation and benefits costs, partly offset by higher professional services expenses. We projected total non-interest expenses of $270.2 million.

As of March 31, 2026, net loans held for investment were $8.3 billion, up 1.5% sequentially. Total deposits were $10.5 billion, down 3.2%. Our estimates for net loans held for investment and total deposits were $8.2 billion and $11 billion, respectively.

Hilltop Holdings’ Credit Quality ImprovingIn the first quarter, Hilltop Holdings recorded a provision for credit losses of $1.8 million, down 81.1% from the prior-year quarter. Our estimate for the metric was $5.2 million.

As of March 31, 2026, non-performing assets, as a percentage of total assets, were 0.44%, which decreased 12 bps from the year-ago quarter. Non-accrual loans were $61 million, or 0.66% of total loans, down from $81.5 million, or 0.93%, as of March 31, 2025.

HTH’s Profitability & Capital Ratios DeclineReturn on average assets at the end of the reported quarter was 1.02%, down from the prior-year quarter’s 1.13%. The return on average stockholders’ equity was 7.12%, which decreased from 7.82%.

The common equity tier 1 capital ratio was 19.08% as of March 31, 2026, down from 21.17% in the corresponding period of 2025. The total capital ratio was 21.50%, down from the year-ago period’s 24.45%.

HTH’s Share Repurchase UpdateIn the reported quarter, the company repurchased 1.24 million shares for $47.5 million.

Our Viewpoint on Hilltop HoldingsHTH’s higher NII, loan growth, lower provisions and reduced expenses are likely to support its financials. However, lower non-interest income, deposit decline and pressure on profitability metrics remain concerns. 
 

Performance of HTH’s Peer BanksBank OZK (OZK - Free Report) reported first-quarter 2026 adjusted earnings per share of $1.44, which missed the Zacks Consensus Estimate of $1.46.  Also, the bottom line declined 2% year over year.

Results were primarily hurt by higher provisions for credit losses and a rise in operating expenses. A decline in non-interest income also acted as a headwind. Nevertheless, solid NII growth and healthy loans and deposits balances provided support to Bank OZK’s performance.

East West Bancorp, Inc.’s (EWBC - Free Report) first-quarter 2026 earnings per share of $2.57 beat the Zacks Consensus Estimate of $2.46. Moreover, the bottom line increased 22.9% from the prior-year quarter’s level.

The results were primarily aided by an increase in NII and non-interest income alongside lower provisions. Also, loan and deposit balances increased sequentially in the quarter. However, higher non-interest expenses acted as a spoilsport for East West Bancorp.

-

DALLAS--(BUSINESS WIRE)--Dallas-based Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced that Dana Bober and Stephen Haworth have been appointed to its Board of Directors, effective April 23, 2026. Bober is an independent director and will serve as a member of the Board’s Audit Committee. Haworth also is an independent director and will serve as a member of the Board’s Audit Committee and Compensation Committee.

Bober served as a Partner and Americas Practice Leader, Financial Accounting Advisory Services at Ernst & Young LLP from 2017 until her retirement in June 2025. Prior to 2017, she was a Partner in Financial Services at Ernst & Young LLP. She also is a member of the Board and Executive Committee, as well as Treasurer, of Girl Rising, an international girls’ education non-profit. Bober has 30 years of experience in audit and related services, including strategic planning, financial management and corporate governance with a focus on investment banks, asset managers, hedge funds and other diversified financial institutions.

Haworth currently serves as the Vice Chairman of Flexpoint Ford LLC, a private equity fund. He previously served as Chief Financial Officer of Flexpoint Ford LLC from 2005 until his appointment as Vice Chairman in 2025. Prior to 2005, he was a Partner at Ernst & Young LLP. Haworth has 20 years of experience as a Chief Financial Officer in private equity funds that focus on investing in buyouts, growth capital, middle market and equity transactions.

“We are pleased to welcome Dana and Stephen to Hilltop’s Board of Directors and look forward to the valuable perspective and leadership they will bring,” said Jeremy B. Ford, Chairman, President and CEO of Hilltop Holdings. “Their extensive experience and proven financial expertise will be meaningful assets as we continue to build on the strength and momentum of our organization.”

About Hilltop Holdings Inc.

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At March 31, 2026, Hilltop employed approximately 3,520 people and operated 303 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

More News From Hilltop Holdings Inc.

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Keith Bornemann, Chief Accounting Officer at Hilltop Holdings Inc. (HTH +1.03%), reported the sale of 2,000 shares of common stock in an open-market transaction on May 5, 2026, as disclosed in this SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)2,000Transaction value$76,000Post-transaction shares (direct)7,912Post-transaction value (direct ownership)$299,000Transaction value based on SEC Form 4 reported price ($38).

Key questionsHow does the sale compare to Bornemann's historical insider trading activity?
The 2,000-share sale is consistent with Bornemann's prior open-market dispositions, where historical sale sizes have ranged from 2,000 to 2,500 shares and no single sale has surpassed 2,500 shares, indicating a controlled and regular liquidity cadence.What is the impact of this transaction on Bornemann's direct ownership in Hilltop Holdings?
Direct ownership decreased by 20.18%, from 9,912 shares to 7,912 shares, which now represents just under half of the direct share count held in mid-2023 as Bornemann has gradually reduced his stake over several periods.Is there any indirect or derivative participation in this transaction?
No, the transaction pertains solely to directly held common shares; there are no indirect holdings (such as through trusts or LLCs) or derivative securities reported in this filing.Does the transaction magnitude reflect a change in selling strategy or available capacity?
The sale size aligns with historical averages and reflects normalization to current available holdings, as Bornemann's direct position has declined from 17,112 shares in July 2023 to 7,912 shares post-transaction, limiting the potential volume for further sales.Company overviewMetricValueRevenue (TTM)$1.28 billionNet income (TTM)$161.31 millionDividend yield2.07%Price (as of market close 5/5/26)$37.76Company snapshotOffers a diversified suite of business and consumer banking products, broker-dealer services, and mortgage origination, generating revenue from interest income, fees, and commissions.Operates a multi-segment business model with income streams from lending, deposit products, securities trading, investment banking, and mortgage financing.Serves commercial clients, public entities, and individual consumers, with a focus on regional banking, municipal finance, and mortgage customers.Hilltop Holdings Inc. is a Dallas-based financial services holding company with a significant presence in regional banking, broker-dealer activities, and mortgage origination.

Today's Change

(

1.03

%) $

0.39

Current Price

$

38.27

What this transaction means for investorsHilltop Holdings released its financial results for the first quarter of 2026 on April 23. Earnings per diluted share of $0.64 were about flat with last year’s Q1 results, but beat the Zacks consensus estimate of $0.50. The bank benefited from higher net interest income, a significantly lower provision for credit losses, and lower non-interest expenses. It also reported growth in loans on a sequential basis but a slight sequential decline in deposits. The board of directors also declared a $0.20-per-share cash dividend.

The regional bank stock has risen 11.26% year to date, and 11.82% on a total return basis, which includes dividend reinvestment. That result outperforms the State Street SPDR S&P Regional Banking ETF, which holds about 150 regional banks and has returned 8.5% since Jan. 1.

Investing in individual regional banks can be complex and risky due to concentration. In 2023, the sector entered a crisis after three regional banks failed and prices dropped, wiping out hundreds of billions of dollars in assets. If you’re interested in the sector and willing to devote the time to research and follow promising individual names, it could prove lucrative. But it won’t be a straightforward investment. Indeed, even Hilltop’s results this year so far have been volatile.

Sarah Sidlow has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Dallas-based Hilltop Holdings (HTH +1.03%), a diversified financial services provider, reported insider selling in its latest SEC filing.

Director Rhodes R Bobbitt reported the sale of 20,000 shares of Hilltop Holdings, totaling approximately $758,000, in multiple open-market transactions on May 26, 2026, and May 27, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)20,000Transaction value$757,500.00Post-transaction shares (direct)97,016Post-transaction value (direct ownership)~$3.65 millionTransaction value based on SEC Form 4 weighted average purchase price ($37.88); post-transaction value based on May 27, 2026 market close ($37.88).

Key questionsHow does the size of this sale compare to Bobbitt’s recent historical trading activity?
The 20,000-share sale is Bobbitt’s largest sell transaction in the past year, following a 10,000-share sale two weeks earlier, for a total of 30,000 shares sold since May of last year.What proportion of Bobbitt’s direct holdings does this sale represent, and what is the remaining capacity?
This transaction accounted for 17.09% of direct shares held prior to the sale, leaving Bobbitt with 97,016 shares, or 76.4% of the starting position as of July 2025.Were any indirect holdings, gifts, or derivative transactions involved?
No; all activity was direct, with no shares transferred via trusts or family entities, and no option exercises or gifts reported in this filing.Does the transaction align with typical cadence or indicate a change in disposition pace?
Sell transaction frequency and size are consistent with Bobbitt’s historical pattern, and the reduction in trade size over time reflects declining direct share capacity rather than a change in disposition approach.Company overviewMetricValueRevenue (TTM)$1.59 billionNet income (TTM)$161.31 millionDividend yield2.13%1-year price change29.27%* 1-year performance calculated using May 27, 2026, as the reference date.

Company snapshotOffers a diversified suite of financial services, including business and consumer banking, broker-dealer activities, and mortgage origination.Generates revenue primarily through net interest income from lending, fees from financial products, and commissions from brokerage and mortgage services.Serves a broad customer base encompassing individuals, businesses, municipalities, and institutional clients, with a focus on regional markets.Hilltop Holdings is a Dallas-based financial services holding company with operations spanning banking, broker-dealer, and mortgage origination. The company leverages its diversified platform to generate revenue across multiple financial verticals, supporting stable earnings and mitigating risk. Its integrated business model and regional focus provide competitive advantages in customer reach and service breadth.

What this transaction means for investorsAccording to a recent SEC filing, Director Rhodes R Bobbitt of Dallas-based Hilltop Holdings (HTH) has sold 20,000 shares of HTH, valued at approximately $758,000. Here are a few key takeaways for investors.

First off, let’s discuss Hilltop’s recent performance. The company’s shares have generated very little over the past five years. Indeed, the stock is up about 14% over this period, equating to a compound annual growth rate (CAGR) of 2.6%. The benchmark S&P 500 index, meanwhile, has generated a total return of 94% over this same period, with a CAGR of 14.1%.

Over the last year, however, the stock has generated solid returns. Shares have advanced by 32.5%, which is slightly better than the S&P 500’s 29.6% return.

Hilltop shares trade at a price-to-earnings (P/E) ratio of 14.5x. While this ratio is well below the broader market average P/E of around 30x, it is within the typical range for financial services stocks. Hilltop also boasts a dividend yield of around 2.1%.

In summary, Hilltop stock has beaten the S&P over the last year, although its long-term performance history falls well short of the benchmark index. In addition, the stock appears fairly valued, relative to its sector average.