Hilltop Holdings Inc.
- Open
- 38.97
- Day high
- 39.67
- Day low
- 37.89
- Prev close
- 38.78
- Volume
- 116K
- Mkt cap
- $2.3B
- P/E (TTM)
- 15.0
- EPS (TTM)
- $2.64
- P/B
- 1.1
- P/S
- 1.5
- Yield
- 1.92%
- Per share
- $0.76
- ▼Insiders net selling -$1.2M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Hilltop Holdings Inc. (HTH) is a Financial Services company listed on NYSE. The stock is up 24% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Hilltop Holdings Inc. (HTH) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HTH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.54 | $0.64 | +18.5% | $301M | -1.4% |
| Jan 29, 2026 | $0.46 | $0.69 | +50.0% | $330M | +7.9% |
| Oct 23, 2025 | $0.51 | $0.74 | +46.5% | $330M | +6.3% |
| Jul 24, 2025 | $0.41 | $0.57 | +39.0% | $303M | -4.8% |
| Apr 24, 2025 | $0.28 | $0.65 | +132.1% | $318M | +11.1% |
| Jan 30, 2025 | $0.28 | $0.55 | +96.4% | $338M | +17.9% |
| Oct 24, 2024 | $0.37 | $0.46 | +24.3% | $305M | +1.4% |
| Jul 25, 2024 | $0.26 | $0.31 | +19.2% | $297M | +175.2% |
| Apr 18, 2024 | $0.25 | $0.42 | +68.0% | $285M | +160.6% |
| Jan 25, 2024 | $0.40 | $0.44 | +10.0% | $226M | +104.1% |
| Oct 19, 2023 | $0.48 | $0.57 | +18.7% | $312M | +174.3% |
| Jul 20, 2023 | $0.40 | $0.28 | -30.0% | $309M | +165.1% |
HTH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 4, 2026 | Bobbitt Rhodes Rdirector | Sell | 10,000 | $38.00 |
| May 28, 2026 | Bobbitt Rhodes Rdirector | Sell | 10,000 | $37.75 |
| May 26, 2026 | Winges Martin Bradleyofficer: Hilltop Securities CEO | Grant | 147 | — |
| May 26, 2026 | SOBEL JONATHAN Sdirector, officer: Hilltop Securities Chairman | Grant | 113 | — |
| May 26, 2026 | PRESTIDGE COREYofficer: EVP, General Counsel & Sec. | Grant | 651 | — |
| May 26, 2026 | Thompson Steve Bofficer: PrimeLending President and CEO | Grant | 394 | — |
| May 15, 2026 | Bobbitt Rhodes Rdirector | Sell | 10,000 | $37.25 |
| May 6, 2026 | Bornemann Keith E.officer: Chief Accounting Officer | Sell | 2,000 | $38.00 |
| Apr 2, 2026 | WEBB CARL Bdirector | Grant | 376 | $35.22 |
| Apr 2, 2026 | Taylor Robert JRdirector | Grant | 223 | $35.22 |
| Apr 2, 2026 | Bornemann Keith E.officer: Chief Accounting Officer | Grant | 56 | $32.24 |
| Apr 2, 2026 | PRESTIDGE COREYofficer: EVP, General Counsel & Sec. | Grant | 626 | $32.24 |
| Apr 2, 2026 | Thompson Steve Bofficer: PrimeLending President and CEO | Grant | 697 | $32.24 |
| Apr 2, 2026 | PARMENTER DARREN Eofficer: Chief Administrative Officer | Grant | 449 | $32.24 |
| Apr 2, 2026 | Furr William Bofficer: Chief Financial Officer | Grant | 46 | $32.24 |
Source: HTH SEC Form 4 filings, latest Jun 4, 2026. For informational purposes only — not investment advice.
See the full HTH insider & 13F page →Hilltop Holdings Inc. company profile
Overview
Hilltop Holdings Inc. (NASDAQ:HTH) is a Dallas-based financial services holding company founded in 1998 that went public in 2004. The company operates as a diversified financial services provider through three primary business segments: banking, mortgage origination, and broker-dealer services. Over its more than two-decade history, Hilltop has built a regional presence primarily in Texas and surrounding markets, establishing itself as a mid-sized financial institution with approximately $16 billion in total assets as of 2024.
Business
Hilltop Holdings operates in the financial services sector through three distinct business segments that collectively provide comprehensive banking and financial solutions. The Banking segment, operated through PlainsCapital Bank, represents the company's largest business line and generates approximately 60-70% of total revenues. This traditional commercial bank offers a full range of deposit products including savings, checking, money market accounts, and certificates of deposit to both consumers and businesses. On the lending side, the bank provides commercial and industrial loans, commercial real estate financing, construction loans, equipment financing, agricultural loans, and various consumer credit products. The bank also offers treasury management services, wealth management, trust services, and electronic banking solutions. With around $13 billion in average assets, PlainsCapital Bank serves as the primary earnings driver for the holding company. The Mortgage Origination segment, conducted through PrimeLending, focuses on residential mortgage lending and typically accounts for 15-25% of revenues, though this varies significantly with market conditions. PrimeLending originates various types of home loans including conventional mortgages, jumbo loans, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, and United States Department of Agriculture (USDA) rural development loans. The company operates as a mortgage banker, originating loans and typically selling them in the secondary market while retaining servicing rights on some loans. This business is highly sensitive to interest rate cycles and housing market conditions. The Broker-Dealer segment, operating as Hilltop Securities, provides specialized financial services primarily to institutional clients and generates roughly 15-20% of total revenues. This segment offers public finance services that help municipalities and government entities issue bonds and other securities. It also provides investment banking services, structured finance solutions, fixed income trading, wealth management for high-net-worth clients, and clearing services. The broker-dealer business benefits from its expertise in municipal finance and government securities, serving as an intermediary in public sector financing transactions.
Revenue model
Hilltop Holdings generates revenue through multiple complementary business models across its three segments. The banking segment operates on a traditional net interest income model, earning the spread between what it pays depositors and charges borrowers. This segment also generates fee income from treasury management services, wealth management, trust services, and various banking fees. The bank's profitability is directly tied to net interest margins, loan growth, deposit costs, and credit quality. The mortgage origination business operates on a gain-on-sale model, where PrimeLending originates residential mortgages and sells most of them to government-sponsored enterprises or other investors, capturing the difference between the loan's value and its sale price. The company earns origination fees from borrowers and gains on sale margins typically ranging from 200-250 basis points. This business model makes revenues highly sensitive to mortgage origination volumes, which fluctuate based on interest rates, home prices, housing inventory, and refinancing activity. The broker-dealer segment generates revenue through multiple streams including underwriting fees from municipal bond issuances, advisory fees for public finance transactions, trading spreads on fixed income securities, asset management fees from wealth management services, and clearing fees. This business benefits from higher interest rates through increased sweep account income and benefits from active municipal financing markets. Several factors significantly impact the company's margins and profitability. Rising interest rates generally benefit the banking segment's net interest margins but can hurt mortgage origination volumes. Conversely, falling rates may compress bank margins while potentially stimulating mortgage refinancing activity. Credit quality deterioration can increase provision expenses and reduce banking profitability. Competitive pressures in deposit pricing can compress net interest margins, while competition for quality loans can reduce lending spreads. Economic conditions affecting municipal budgets impact public finance activity, and regulatory changes can affect all business segments. The company's asset-sensitive balance sheet positioning means it generally benefits from rising rate environments in the near term.
Competitive moat
Hilltop Holdings operates in highly competitive financial services markets with relatively modest competitive moats. The company's strongest defensive characteristics come from its regional market presence and specialized expertise in certain niches, particularly municipal finance and public sector banking relationships in Texas and surrounding markets. In banking, Hilltop faces intense competition from larger national banks, regional competitors, and credit unions, all vying for the same commercial and consumer customers. The bank's primary advantages include local market knowledge, relationship-based lending, and the ability to make faster credit decisions than larger institutions. However, these advantages are not particularly durable as competitors can replicate local presence and relationship strategies. The mortgage origination business operates in a commoditized market where most lenders offer similar products at competitive rates. PrimeLending's scale and operational efficiency provide some advantages, but the business faces constant pressure from both traditional lenders and emerging fintech competitors. The company's mortgage banking model offers limited differentiation beyond execution quality and customer service. Hilltop Securities' broker-dealer operations represent the company's strongest competitive position, particularly in municipal finance where the firm has developed specialized expertise and long-standing relationships with government entities. This public finance specialization creates some barriers to entry due to the regulatory requirements, relationship development time, and specialized knowledge needed. However, larger investment banks and other regional firms continue to compete aggressively for this business. The company's overall competitive position is vulnerable to disruption from larger financial institutions with greater resources, fintech companies offering innovative solutions, and changing customer preferences toward digital-first banking experiences. While Hilltop has maintained market share through relationship banking and specialized services, its moats are relatively narrow and require continuous investment to maintain.
Risks & safety
Hilltop Holdings demonstrates a strong margin of safety with robust capital levels and manageable risk exposure, though profitability remains sensitive to market cycles. • Capital Strength: Common Equity Tier 1 capital ratio of 21% significantly exceeds regulatory minimums, providing substantial buffer for credit losses and economic downturns • Liquidity Position: Strong cash position with $1.7 billion in cash and short-term investments as of Q1 2025, current ratio of 2.4x indicates solid short-term liquidity • Debt Management: Moderate debt-to-equity ratio of 0.25, indicating conservative leverage with manageable debt service obligations • Credit Quality: Allowance for credit losses at 1.27% of total loans appears adequate, though some office real estate exposure requires monitoring • Valuation Metrics: Trading at 0.89x book value and 11.7x trailing earnings suggests reasonable valuation, not expensive by historical standards • Profitability Stability: Return on equity of 7.8% and return on assets of 1.1% demonstrate adequate but cyclical profitability levels • Dividend Coverage: Sustainable dividend policy with history of returning capital to shareholders through both dividends and share repurchases
Recent development
Over the past several years, Hilltop Holdings has focused on strategic repositioning and operational efficiency improvements across all business segments while navigating challenging market conditions. The company has undertaken significant cost reduction initiatives, particularly in the mortgage origination business where it reduced non-originator headcount by 37% in 2022 and continued rightsizing operations through 2024 as mortgage volumes declined due to higher interest rates. In the banking segment, management appointed Jeremy Ford as CEO of PlainsCapital Bank, representing a leadership transition aimed at driving growth and operational excellence. The bank has maintained a cautious approach to lending while focusing on deposit cost management and balance sheet optimization. Management has been actively managing the bank's asset sensitivity, gradually reducing interest rate risk while positioning for potential rate cuts. The broker-dealer segment has seen strategic investments in talent acquisition, particularly in public finance and structured finance areas. The company has benefited from state housing programs and down payment assistance initiatives, though these revenue sources can be episodic. Hilltop Securities has maintained its focus on municipal finance expertise while expanding wealth management capabilities. The company has also been active in capital allocation, maintaining a $100 million share repurchase authorization and consistently returning capital to shareholders. In early 2025, Hilltop completed the sale of its merchant banking investment in Mosier Energy Solutions, generating a $23.6 million gain, demonstrating its ability to monetize non-core investments. Management continues to evaluate potential merger and acquisition opportunities, particularly in the $1-5 billion asset range for bank acquisitions that could enhance its franchise value and market presence.
HTH company profile · for informational purposes only — not investment advice.
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