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Business Wire
5 days ago
- Business
- Business Wire
Hilltop Holdings Inc. Announces Dual Listing on NYSE Texas
DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) ('Hilltop'), a Dallas-based financial holding company, today announced a dual listing of its common stock on NYSE Texas, the new fully electronic equities exchange headquartered in Dallas, Texas. 'Hilltop and all of its businesses, PlainsCapital Bank, HilltopSecurities and PrimeLending, have significant roots and operations in Texas. In addition to being headquartered in Dallas, Hilltop and its businesses employee over 2,450 professionals across every major market in the state. We have been listed on the NYSE since 2004 and are excited to become part of NYSE Texas' said Jeremy B. Ford, Chairman and Chief Executive Officer of Hilltop. 'We are honored to have Hilltop join NYSE Texas,' said Chris Taylor, Chief Development Officer, NYSE Group. 'Hilltop is a leader in the financial services industry in Dallas and the greater Texas area, making them a natural fit to our community of Founding Members.' 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 June 30, 2025, Hilltop employed approximately 3,700 people and operated 309 locations in 47 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange under the symbol 'HTH.' Find more information at and
Business Wire
24-07-2025
- Business
- Business Wire
Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2025
DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) ('Hilltop') today announced financial results for the second quarter of 2025. Hilltop produced income to common stockholders of $36.1 million, or $0.57 per diluted share, for the second quarter of 2025, compared to $20.3 million, or $0.31 per diluted share, for the second quarter of 2024. Hilltop's financial results for the second quarter, compared with the same period in 2024, primarily included a reversal of credit losses and an increase in net interest income within the banking segment, net revenues and noninterest expenses increased within the broker-dealer segment, and the mortgage origination segment had declines in net interest expense, noninterest income and noninterest expense. Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.18 per common share payable on August 29, 2025, to all common stockholders of record as of the close of business on August 15, 2025. Additionally, during the second quarter of 2025, Hilltop paid $34.9 million to repurchase an aggregate of 1,157,396 shares of its common stock at an average price of $30.17 per share pursuant to the 2025 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock. Furthermore, in July 2025, the Hilltop Board of Directors authorized, subject to non-objection from the Board of Governors of the Federal Reserve, an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $135.0 million, an increase of $35.0 million. As a result of share repurchases during 2025, Hilltop has approximately $67 million of available share repurchase capacity, subject to non-objection with respect to the additional $35.0 million, through the expiration of the 2025 stock repurchase program in January 2026. The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2025 will depend in part on developments outside of our control, including, among others, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, changes in funding costs, inflationary pressures, changes in the political environment, the impact of tariffs and reciprocal tariffs, and international armed conflicts and their impact on supply chains. Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, 'During the second quarter of 2025, Hilltop delivered a 1% return on average assets and returned $47 million to stockholders through dividends and share repurchases. PlainsCapital Bank's net interest margin expanded by 19 basis points as we continued to proactively manage deposit costs and benefited from a higher repricing of earning assets. HilltopSecurities produced a 5% year-over-year improvement in net revenue and a pre-tax margin of 5.8% in the face of a highly volatile quarter from long-term interest rates. PrimeLending had pre-tax income of $3.2 million on $2.4 billion of mortgage origination volume while operating in a persistently challenging home buying market. Notably, PrimeLending's operating results include a one-time pre-tax benefit of $9.5 million associated with prior legal settlements. As we move into the second half of the year, we will continue to prioritize protecting our balance sheet and executing on our strategic priorities in order to create long-term stockholder value.' Second Quarter 2025 Highlights for Hilltop: The reversal of credit losses was $7.3 million during the second quarter of 2025, compared to a provision for credit losses of $9.3 million in the first quarter of 2025 and a provision for credit losses of $10.9 million in the second quarter of 2024; The reversal of credit losses during the second quarter of 2025 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans, loan portfolio changes and net charge-offs, partially offset by a build in the allowance related to specific reserves, including changes in loan mix and risk rating grade migration, within the banking segment, since the prior quarter. On May 15, 2025, Hilltop redeemed all of its outstanding 5.75% Subordinated Notes due 2030 at a redemption price equal to the aggregate principal amount of $50 million, plus accrued and unpaid interest using cash on hand. Noninterest income for the second quarter of 2025 included an aggregate of $6.1 million associated with the net effects of the receipt of $9.5 million by the mortgage origination segment from prior legal settlements and net downward adjustments to the preliminary pre-tax gain of $3.4 million from the sale of operations by the merchant bank equity investment; The aggregate preliminary pre-tax gain of $27.1 million ($21.0 million net of tax) associated with the sale of operations by a merchant bank equity investment is subject to change given customary post-closing adjustments, changes in the market value of the stock consideration included in transaction given certain restrictions, and liquidation of the investment vehicle. For the second quarter of 2025, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $80.7 million, compared to $92.9 million in the second quarter of 2024, a 13.1% decrease; Mortgage loan origination production volume was $2.4 billion during both the second quarter of 2025 and the second quarter of 2024; Net gains from mortgage loans sold to third parties, including broker fee income, increased to 233 basis points during the second quarter of 2025, compared to 232 basis points in the first quarter of 2025. Hilltop's consolidated annualized return on average assets and return on average stockholders' equity for the second quarter of 2025 were 0.98% and 6.62%, respectively, compared to 0.59% and 3.84%, respectively, for the second quarter of 2024; Hilltop's book value per common share increased to $34.90 at June 30, 2025, compared to $34.29 at March 31, 2025; Hilltop's total assets were $15.4 billion and $15.8 billion at June 30, 2025 and March 31, 2025, respectively; Loans 1, net of allowance for credit losses, were $7.6 billion and $7.5 billion at June 30, 2025 and March 31, 2025, respectively; Non-accrual loans were $72.7 million, or 0.80% of total loans, at June 30, 2025, compared to $81.5 million, or 0.93% of total loans, at March 31, 2025; Loans held for sale increased by 19.7% from March 31, 2025 to $979.9 million at June 30, 2025; Total deposits were $10.4 billion and $10.8 billion at June 30, 2025 and March 31, 2025, respectively; Total estimated uninsured deposits were $5.2 billion, or approximately 50% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $347.3 million and internal accounts of $420.7 million, were $4.5 billion, or approximately 43% of total deposits, at June 30, 2025. Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio 2 of 13.11% and a Common Equity Tier 1 Capital Ratio of 20.74% at June 30, 2025; Hilltop's consolidated net interest margin 3 increased to 3.01% for the second quarter of 2025, compared to 2.84% in the first quarter of 2025; For the second quarter of 2025, noninterest income was $192.6 million, compared to $193.3 million in the second quarter of 2024, a 0.3% decrease; For the second quarter of 2025, noninterest expense was $261.2 million, compared to $256.5 million in the second quarter of 2024, a 1.8% increase; and Hilltop's effective tax rate was 23.4% during the second quarter of 2025, compared to 22.5% during the same period in 2024. The effective tax rate for the second quarter of 2025 was higher than the applicable statutory rate primarily due to the impact of nondeductible compensation expense, other nondeductible expenses and other permanent adjustments, partially offset by investments in tax-exempt instruments. ________________________________________ 1 'Loans' reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $329.4 million and $324.2 million at June 30, 2025 and March 31, 2025, respectively. 2 Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets. 3 Net interest margin is defined as net interest income divided by average interest-earning assets. Expand Consolidated Financial and Other Information Consolidated Balance Sheets June 30, March 31, December 31, September 30, June 30, (in 000's) 2025 2025 2024 2024 2024 Cash and due from banks $ 982,488 $ 1,702,623 $ 2,298,977 $ 1,961,627 $ 798,300 Federal funds sold 650 650 650 3,650 5,650 Assets segregated for regulatory purposes 47,158 88,451 70,963 55,628 51,046 Securities purchased under agreements to resell 93,878 99,099 88,728 81,766 111,914 Securities: Trading, at fair value 675,757 647,158 524,916 540,836 721,384 Available for sale, at fair value, net (1) 1,408,347 1,405,170 1,396,549 1,405,700 1,433,107 Held to maturity, at amortized cost, net (1) 771,641 762,369 737,899 754,824 777,456 Equity, at fair value 4,996 286 297 287 254 2,860,741 2,814,983 2,659,661 2,701,647 2,932,201 Loans held for sale 979,875 818,328 858,665 933,724 1,264,437 Loans held for investment, net of unearned income 8,061,204 7,966,777 7,950,551 7,979,630 8,173,520 Allowance for credit losses (97,961 ) (106,197 ) (101,116 ) (110,918 ) (115,082 ) Loans held for investment, net 7,963,243 7,860,580 7,849,435 7,868,712 8,058,438 Broker-dealer and clearing organization receivables 1,469,628 1,450,077 1,452,366 1,220,784 1,297,175 Premises and equipment, net 139,179 143,957 148,245 157,803 161,746 Operating lease right-of-use assets 88,050 93,451 90,563 92,041 93,994 Mortgage servicing assets 7,887 6,903 5,723 45,742 52,902 Other assets 455,930 459,774 470,073 528,839 517,811 Goodwill 267,447 267,447 267,447 267,447 267,447 Other intangible assets, net 6,119 6,376 6,633 6,995 7,429 Total assets $ 15,362,273 $ 15,812,699 $ 16,268,129 $ 15,926,405 $ 15,620,490 Deposits: Noninterest-bearing $ 2,790,958 $ 2,859,828 $ 2,768,707 $ 2,831,539 $ 2,845,441 Interest-bearing 7,600,599 7,972,138 8,296,615 7,959,908 7,528,415 Total deposits 10,391,557 10,831,966 11,065,322 10,791,447 10,373,856 Broker-dealer and clearing organization payables 1,461,683 1,446,886 1,331,902 1,110,373 1,285,226 Short-term borrowings 734,508 705,008 834,023 914,645 897,613 Securities sold, not yet purchased, at fair value 59,766 63,171 57,234 47,773 75,546 Notes payable 148,475 198,043 347,667 347,533 347,402 Operating lease liabilities 104,972 110,815 109,103 110,799 113,096 Other liabilities 234,467 227,988 304,566 397,976 365,140 Total liabilities 13,135,428 13,583,877 14,049,817 13,720,546 13,457,879 Common stock 630 642 650 650 650 Additional paid-in capital 1,022,474 1,037,138 1,052,219 1,050,497 1,047,523 Accumulated other comprehensive loss (94,748 ) (100,654 ) (111,497 ) (98,168 ) (119,171 ) Retained earnings 1,270,286 1,262,586 1,248,593 1,224,117 1,205,467 Deferred compensation employee stock trust, net — — — — 1 Employee stock trust — — — — (1 ) Total Hilltop stockholders' equity 2,198,642 2,199,712 2,189,965 2,177,096 2,134,469 Noncontrolling interests 28,203 29,110 28,347 28,763 28,142 Total stockholders' equity 2,226,845 2,228,822 2,218,312 2,205,859 2,162,611 Total liabilities & stockholders' equity $ 15,362,273 $ 15,812,699 $ 16,268,129 $ 15,926,405 $ 15,620,490 Expand ________________________________________ (1) At June 30, 2025, the amortized cost of the available for sale securities portfolio was $1,488,368, while the fair value of the held to maturity securities portfolio was $704,035. Expand Three Months Ended Consolidated Income Statements June 30, March 31, December 31, September 30, June 30, (in 000's, except per share data) 2025 2025 2024 2024 2024 Interest income: Loans, including fees $ 131,793 $ 124,692 $ 131,726 $ 139,821 $ 138,627 Securities borrowed 20,544 15,809 17,492 19,426 20,306 Securities: Taxable 25,811 24,782 29,212 26,265 25,289 Tax-exempt 3,087 2,613 2,944 2,438 2,389 Other 15,946 24,903 27,216 23,092 20,532 Total interest income 197,181 192,799 208,590 211,042 207,143 Interest expense: Deposits 57,056 60,051 67,411 70,641 68,095 Securities loaned 17,662 14,736 16,407 18,499 18,669 Short-term borrowings 7,694 8,103 10,992 10,878 10,676 Notes payable 3,106 3,653 3,910 3,555 3,604 Other 989 1,139 4,386 2,426 2,449 Total interest expense 86,507 87,682 103,106 105,999 103,493 Net interest income 110,674 105,117 105,484 105,043 103,650 Provision for (reversal of) credit losses (7,340 ) 9,338 (5,852 ) (1,270 ) 10,934 Net interest income after provision for (reversal of) credit losses 118,014 95,779 111,336 106,313 92,716 Noninterest income: Net gains from sale of loans and other mortgage production income 51,945 45,281 43,553 47,816 58,455 Mortgage loan origination fees 28,738 22,451 30,111 32,119 34,398 Securities commissions and fees 33,041 33,728 35,338 30,434 29,510 Investment and securities advisory fees and commissions 43,730 36,628 37,514 42,220 32,992 Other 35,180 75,252 49,074 47,854 37,950 Total noninterest income 192,634 213,340 195,590 200,443 193,305 Noninterest expense: Employees' compensation and benefits 176,410 176,240 173,334 177,987 169,998 Occupancy and equipment, net 21,064 19,782 25,707 22,317 21,297 Professional services 10,820 4,114 12,791 11,645 10,270 Other 52,882 51,337 50,925 52,363 54,899 Total noninterest expense 261,176 251,473 262,757 264,312 256,464 Income before income taxes 49,472 57,646 44,169 42,444 29,557 Income tax expense 11,583 13,114 6,285 9,539 6,658 Net income 37,889 44,532 37,884 32,905 22,899 Less: Net income attributable to noncontrolling interest 1,816 2,416 2,365 3,212 2,566 Income attributable to Hilltop $ 36,073 $ 42,116 $ 35,519 $ 29,693 $ 20,333 Earnings per common share: Basic $ 0.57 $ 0.65 $ 0.55 $ 0.46 $ 0.31 Diluted $ 0.57 $ 0.65 $ 0.55 $ 0.46 $ 0.31 Weighted average shares outstanding: Basic 63,637 64,613 64,935 64,928 65,085 Diluted 63,638 64,615 64,943 64,946 65,086 Expand Three Months Ended June 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 94,919 $ 13,151 $ (2,302 ) $ (166 ) $ 5,072 $ 110,674 Provision for (reversal of) credit losses (7,343 ) 3 — — — (7,340 ) Noninterest income 11,892 96,502 90,248 (628 ) (5,380 ) 192,634 Noninterest expense 59,226 103,253 84,736 14,285 (324 ) 261,176 Income (loss) before taxes $ 54,928 $ 6,397 $ 3,210 $ (15,079 ) $ 16 $ 49,472 Expand Six Months Ended June 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 185,469 $ 24,719 $ (3,699 ) $ (1,035 ) $ 10,337 $ 215,791 Provision for (reversal of) credit losses 2,029 (31 ) — — — 1,998 Noninterest income 22,702 193,439 158,023 42,751 (10,941 ) 405,974 Noninterest expense 111,156 202,576 159,396 40,176 (655 ) 512,649 Income (loss) before taxes $ 94,986 $ 15,613 $ (5,072 ) $ 1,540 $ 51 $ 107,118 Expand Three Months Ended June 30, March 31, December 31, September 30, June 30, Hilltop Consolidated: Return on average stockholders' equity 6.62 % 7.82 % 6.50 % 5.51 % 3.84 % Return on average assets 0.98 % 1.13 % 0.92 % 0.84 % 0.59 % Net interest margin (1) 3.01 % 2.84 % 2.72 % 2.84 % 2.90 % Net interest margin (taxable equivalent) (2): As reported 3.04 % 2.86 % 2.74 % 2.85 % 2.92 % Impact of purchase accounting 2 bps 4 bps 3 bps 2 bps 6 bps Book value per common share ($) 34.90 34.29 33.71 33.51 32.86 Shares outstanding, end of period (000's) 63,001 64,154 64,968 64,960 64,953 Dividend payout ratio (3) 31.75 % 27.62 % 31.08 % 37.17 % 54.42 % Banking Segment: Net interest margin (1) 3.16 % 2.97 % 2.98 % 3.05 % 3.10 % Net interest margin (taxable equivalent) (2): As reported 3.17 % 2.97 % 2.99 % 3.06 % 3.10 % Impact of purchase accounting 3 bps 3 bps 4 bps 3 bps 7 bps Accretion of discount on loans ($000's) 586 1,045 1,076 737 1,945 Net recoveries (charge-offs) ($000's) (896 ) (4,257 ) (3,950 ) (2,894 ) (83 ) Return on average assets 1.35 % 0.96 % 1.24 % 1.14 % 0.81 % Fee income ratio 11.1 % 10.7 % 10.7 % 10.3 % 9.1 % Efficiency ratio 55.4 % 51.2 % 57.8 % 55.2 % 57.0 % Employees' compensation and benefits ($000's) 32,146 34,102 33,313 31,920 33,352 Broker-Dealer Segment: Net revenue ($000's) (4) 109,653 108,505 126,367 124,258 104,271 Employees' compensation and benefits ($000's) 73,493 68,064 75,150 75,912 66,181 Variable compensation expense ($000's) 36,172 33,283 42,484 42,569 32,734 Compensation as a % of net revenue 67.0 % 62.7 % 59.5 % 61.1 % 63.5 % Pre-tax margin (5) 5.8 % 8.5 % 16.1 % 13.7 % 6.9 % Mortgage Origination Segment: Mortgage loan originations - volume ($000's): Home purchases 2,168,690 1,528,560 1,909,706 2,096,009 2,205,157 Refinancings 263,829 213,781 343,400 211,454 174,141 Total mortgage loan originations - volume 2,432,519 1,742,341 2,253,106 2,307,463 2,379,298 Mortgage loan sales - volume ($000's) 2,135,291 1,744,555 2,065,356 2,569,678 1,838,841 Net gains from mortgage loan sales (basis points): Loans sold to third parties 223 222 217 218 223 Broker fee income (6) 10 10 9 6 10 Impact of loans retained by banking segment (5 ) (8 ) (5 ) 0 (5 ) As reported 228 224 221 224 228 Mortgage servicing rights asset ($000's) (7) 7,887 6,903 5,723 45,742 52,902 Employees' compensation and benefits ($000's) 62,214 53,339 56,402 60,573 61,624 Variable compensation expense ($000's) 34,975 24,832 30,784 33,862 34,886 Expand ________________________________________ (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, $0.6 million, $0.7 million, $0.6 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.2 million, $0.2 million and $0.1 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) 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. (7) 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. Expand June 30, March 31, December 31, September 30, June 30, Capital Ratios 2025 2025 2024 2024 2024 Tier 1 capital (to average assets): PlainsCapital 10.71 % 10.22 % 9.99 % 10.34 % 11.36 % Hilltop 13.11 % 12.86 % 12.57 % 12.95 % 12.87 % Common equity Tier 1 capital (to risk-weighted assets): PlainsCapital 15.08 % 15.06 % 15.35 % 14.94 % 15.58 % Hilltop 20.74 % 21.17 % 21.23 % 20.48 % 19.45 % Tier 1 capital (to risk-weighted assets): PlainsCapital 15.08 % 15.06 % 15.35 % 14.94 % 15.58 % Hilltop 20.74 % 21.17 % 21.23 % 20.48 % 19.45 % Total capital (to risk-weighted assets): PlainsCapital 16.29 % 16.31 % 16.54 % 16.13 % 16.77 % Hilltop 23.38 % 24.45 % 24.40 % 23.68 % 22.57 % Expand June 30, March 31, December 31, September 30, June 30, Non-Performing Assets Portfolio Data 2025 2025 2024 2024 2024 Loans accounted for on a non-accrual basis ($000's): Commercial real estate: Non-owner occupied $ 4,107 $ 4,241 $ 7,166 $ 8,042 $ 6,894 Owner occupied 6,429 6,535 6,092 2,410 6,437 Commercial and industrial 40,990 51,987 59,025 66,929 80,755 Construction and land development 3,667 3,256 3,003 2,682 485 1-4 family residential 17,550 15,458 12,863 11,123 11,092 Consumer — — — — 1 Broker-dealer — — — — — Non-accrual loans ($000's) $ 72,743 $ 81,477 $ 88,149 $ 91,186 $ 105,664 Non-accrual loans as a % of total loans 0.80 % 0.93 % 1.00 % 1.02 % 1.12 % Other real estate owned ($000's) 9,144 7,682 2,848 2,744 2,973 Other repossessed assets ($000's) — — 98 413 464 Non-performing assets ($000's) 81,887 89,159 91,095 94,343 109,101 Non-performing assets as a % of total assets 0.53 % 0.56 % 0.56 % 0.59 % 0.70 % Loans past due 90 days or more and still accruing ($000's) (1) 28,378 24,145 22,090 140,763 122,451 Expand ________________________________________ (1) Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending. Expand Three Months Ended June 30, 2025 2024 Balance or Paid Rate Balance or Paid Rate Assets Interest-earning assets Loans held for sale $ 923,726 $ 14,119 6.05 % $ 934,445 $ 13,494 5.78 % Loans held for investment, gross (2) 8,073,187 117,674 5.84 % 7,892,879 125,133 6.36 % Investment securities - taxable 2,490,931 25,811 4.10 % 2,612,049 25,284 3.87 % Investment securities - non-taxable (3) 360,557 3,891 4.27 % 321,928 2,965 3.68 % Federal funds sold and securities purchased under agreements to resell 84,583 1,352 6.41 % 105,520 1,944 7.39 % Interest-bearing deposits in other financial institutions 1,210,977 12,724 4.21 % 1,057,783 13,572 5.15 % Securities borrowed 1,451,826 20,544 5.60 % 1,358,425 20,306 5.91 % Other 127,638 1,871 5.88 % 39,758 5,016 50.60 % Interest-earning assets, gross (3) 14,723,425 197,986 5.39 % 14,322,787 207,714 5.82 % Allowance for credit losses (105,816 ) (104,551 ) Interest-earning assets, net 14,617,609 14,218,236 Noninterest-earning assets 968,459 1,332,959 Total assets $ 15,586,068 $ 15,551,195 Liabilities and Stockholders' Equity Interest-bearing liabilities Interest-bearing deposits $ 7,868,600 $ 57,056 2.91 % $ 7,617,862 $ 68,095 3.59 % Securities loaned 1,440,958 17,662 4.92 % 1,338,825 18,669 5.59 % Notes payable and other borrowings 955,618 11,789 4.95 % 1,253,394 16,729 5.35 % Total interest-bearing liabilities 10,265,176 86,507 3.38 % 10,210,081 103,493 4.07 % Noninterest-bearing liabilities Noninterest-bearing deposits 2,775,448 2,814,179 Other liabilities 330,616 377,516 Total liabilities 13,371,240 13,401,776 Stockholders' equity 2,187,108 2,122,144 Noncontrolling interest 27,720 27,275 Total liabilities and stockholders' equity $ 15,586,068 $ 15,551,195 Net interest income (3) $ 111,479 $ 104,221 Net interest spread (3) 2.01 % 1.75 % Net interest margin (3) 3.04 % 2.92 % Expand ________________________________________ (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 June 30, 2025 and 2024, respectively. Expand Conference Call Information Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 25, 2025. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2025 financial results. Interested parties can access the conference call by dialing 800-549-8228 (Toll Free North America) or (+1) 289-819-1520 (International Toll) and then using the conference ID 82549. The conference call also will be webcast simultaneously on Hilltop's Investor Relations website ( 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 June 30, 2025, Hilltop employed approximately 3,700 people and operated 309 locations in 47 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange under the symbol 'HTH.' Find more information at and FORWARD-LOOKING STATEMENTS This press release contains 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 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 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' 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; (xiii) risks associated with merger and acquisition integration; and (xiv) 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.
Business Wire
15-07-2025
- Business
- Business Wire
Hilltop Holdings Inc. Announces Second Quarter 2025 Earnings Conference Call and Webcast
DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) ('Hilltop'), a Dallas-based financial holding company, will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 25, 2025. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2025 financial results. Interested parties can access the conference call by dialing 800-549-8228 (Toll Free North America) or (+1) 289-819-1520 (International Toll) and then using the conference ID 82549. The conference call also will be webcast simultaneously on Hilltop's Investor Relations website ( 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 June 30, 2025, Hilltop employed approximately 3,700 people and operated 309 locations in 47 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange under the symbol "HTH." Find more information at and
