Hilltop(NYSE) HTH

Hilltop Holdings Inc. helps people and businesses manage their money. It provides loans for homes and tools for companies to grow. These services help families save and fund new business projects.

Three Pillars of Finance

• Banking: Provides business and consumer services like checking, savings, and commercial loans; primarily serves clients in Texas.
• Broker-Dealer: Includes investment banking, public finance, and retail brokerage services; operates through Hilltop Securities throughout the United States.
• Mortgage Origination: Delivers residential mortgage loans such as conventional, FHA (Federal Housing Administration), and VA (Veterans Affairs) programs; conducts business nationwide.

Recent Strategic Capital Moves

• Authorized a new stock repurchase program in January 2026 to buy back up to $125 million of outstanding common stock.
• Increased the aggregate stock repurchase authorization to $200 million in July 2026.
• Raised the quarterly cash dividend by 10% to $0.22 per share in July 2026.
• Recognized a pre-tax gain of $27.1 million in the first quarter of 2025 from the sale of merchant bank equity operations.

A Strong Financial Base

Hilltop maintains a diversified model that balances traditional Texas banking with a national mortgage business. This structure allows the company to earn interest from loans while generating fees from investment advisory services.

Hilltop by the Numbers

• Net interest income was $115.9 million for the three-month period ended June 30, 2026, up 5% year over year.
• Income before income taxes was $50.0 million for the three-month period ended June 30, 2026, up 1% year over year.
• Total assets reached $16.0 billion as of June 30, 2026.
• The company paid $94.5 million to repurchase 2,488,216 shares of its common stock during the first six months of 2026.
• The non-GAAP tangible book value per common share was $32.36 at the end of June 2026, compared to $30.56 in June 2025.

The Hilltop Evolution

Hilltop has transitioned into a diversified financial holding company with specialized units for banking, securities, and home lending. Its ability to navigate different interest rate environments across these segments defines its operational strategy.