Welcome to our dedicated page for Hilltop Holdings news (Ticker: HTH), a resource for investors and traders seeking the latest updates and insights on Hilltop Holdings stock.
Hilltop Holdings Inc. reports developments for a financial holding company built around Texas banking, national residential mortgage lending, and broker-dealer operations. Its subsidiaries include PlainsCapital Bank, PrimeLending, Hilltop Securities Inc., and Momentum Independent Network Inc.
Recurring updates cover quarterly and annual results, capital actions such as cash dividends and share repurchases, capital ratios, loan trends, mortgage conditions, and broker-dealer activity in public finance, capital markets, wealth management, clearing, and related services. Company news also includes board and executive governance changes, regional banking leadership, and HilltopSecurities initiatives tied to its national investment-banking and municipal-advisory franchise.
PrimeLending has promoted Michael Heeb to Area Manager for the Pacific Northwest, overseeing Alaska, Idaho, and Montana. With 20 years of mortgage experience, Heeb previously served as Branch Manager at the Eagle, ID branch. His leadership has been instrumental in driving growth in Idaho and Montana. PrimeLending, a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), focuses on delivering exceptional customer service and has maintained a 97% customer satisfaction rating. The company provides personalized mortgage solutions nationwide.
PrimeLending has announced the promotion of Matt Eckard to Area Manager for the Pacific Northwest region, overseeing Oregon and Washington. Eckard brings over 23 years of experience, previously serving as Branch Manager in the Portland area. Under his leadership, he will focus on supporting community mortgage needs, including purchase and refinance loans. Al Velasco, EVP West Division Manager, expressed confidence in Eckard’s ability to drive growth in this competitive market. PrimeLending aims to enhance homeownership opportunities throughout the region.
PrimeLending, a national home lender and subsidiary of Hilltop Holdings (NYSE: HTH), has launched a 'Close On Time Guarantee' offer. Borrowers will receive $5,000 if their mortgage loan does not close as scheduled, aiming to enhance homebuyers' appeal in a market with a 2.2-month supply of available homes, far below the balanced level of six months. This initiative is part of their Buyer’s AdvantEDGE program, which helps streamline the mortgage process, boasting a 97% customer satisfaction rating.
Hilltop Holdings Inc. (NYSE: HTH) has completed its modified "Dutch auction" tender offer, purchasing up to $400 million of its common stock for cash at a rate of $29.75 per share. A total of 14,868,469 shares were tendered and accepted, accounting for approximately 18.7% of the shares outstanding. The total cost for this buyback is around $442.3 million. Hilltop may consider further stock repurchases depending on market conditions. This tender offer underscores the Company's commitment to returning capital to shareholders.
Hilltop Holdings Inc. (NYSE: HTH) announced the preliminary results of its modified Dutch auction tender offer to repurchase up to $400 million of its common stock. The offer, which expired on May 27, 2022, saw 14,876,179 shares tendered at a price of $29.75 per share, totaling approximately $442.6 million. This represents 18.7% of outstanding shares. Hilltop plans to purchase these shares subject to regulatory approval and may consider additional repurchases in the future based on market conditions.
Hilltop Holdings has initiated a modified "Dutch auction" tender offer to repurchase up to $400 million of its common stock, at a share price between $28.00 and $32.00. The tender offer is set to expire on May 27, 2022, and if fully subscribed, could result in the purchase of approximately 12.5 million to 14.3 million shares, accounting for 15.7% to 18.0% of the outstanding stock. The board aims to enhance shareholder value through this initiative.
Hilltop Holdings Inc. (NYSE: HTH) reported a net income of $22.3 million, or $0.28 per diluted share, for Q1 2022, down from $120.3 million, or $1.46 per share, in Q1 2021. The decline was driven by reduced net gains from mortgage origination and broker-dealer segments amid rising interest rates. Total mortgage origination volume fell to $3.8 billion from $6.2 billion year-over-year. Despite these challenges, Hilltop's total assets remained stable at $18.4 billion, and the company declared a cash dividend of $0.15 per share.
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PrimeLending announces the promotion of Kelly Lee to EVP, Divisional Manager, responsible for loan origination in the western US. Lee, who joined in 2014, previously led growth in the Pacific Northwest and established a presence in new markets like Alaska and Montana. With over 20 years in the mortgage sector, he has a strong background in talent development and strategic leadership. PrimeLending, a subsidiary of Hilltop Holdings Inc. (NYSE: HTH), focuses on personalized home lending experiences across all 50 states and boasts a 97% customer satisfaction rating.
Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on April 22, 2022, at 8:00 AM Central to discuss its first quarter 2022 financial results. President and CEO Jeremy B. Ford and CFO William B. Furr will provide insights into the company's performance. Interested participants can join by calling specific numbers depending on their location or access the call via the company's Investor Relations website.