Hilltop Holdings Inc Stock Price, News & Analysis

PrimeLending has announced a strategic partnership with SimpliSafe to provide first-time homebuyers with a no-cost 7-piece home security system. Eligible customers who finance their mortgage through PrimeLending will receive the security system as a welcome gift, which includes essential components like HD cameras and motion sensors. This offer is valid for loans applied for by March 31, 2022 and closed by June 30, 2022. The collaboration aims to enhance homeownership experience and safety for new homeowners.

Hilltop Holdings Inc. (HTH) reported Q3 2021 income from continuing operations of $92.9 million ($1.15 per share), down from $152.5 million ($1.69 per share) in Q3 2020. The decline was driven by reduced gains from mortgage origination and broker-dealer segments. Despite this, there was an improvement in asset quality and a quarterly dividend of $0.12 was declared. Hilltop repurchased approximately $74 million in shares and increased its stock repurchase capacity to $200 million. The ongoing pandemic continues to pose risks to the business outlook.

Hilltop Holdings Inc. (NYSE: HTH) is set to host a live webcast and conference call on October 29, 2021, at 8:00 AM Central to review its third quarter 2021 financial results. The call will feature Hilltop President and CEO Jeremy B. Ford and CFO William B. Furr. Interested participants can dial in using specified numbers or access the webcast via Hilltop’s Investor Relations website. Hilltop, based in Dallas, offers banking services through its subsidiary PlainsCapital Bank and employs about 5,000 individuals across 410 locations in 47 states.

Hilltop Securities Inc. has expanded its investment team by adding three new professionals to its debt capital markets and fixed income capital markets groups. The new hires include Kit Wood as Managing Director, Cory Clark as Senior Managing Director, and Justin Hoogendoorn as Senior Managing Director, who will report to senior executives at the firm. This strategic move aligns with Hilltop's focus on enhancing its middle market fixed income services. President Brad Winges expressed optimism about the firm's future capabilities and client support.

PrimeLending, a subsidiary of Hilltop Holdings (NYSE: HTH), has successfully completed its inaugural multicultural lending internship program aimed at students from HBCUs. The program allowed interns to gain valuable mortgage industry experience while receiving mentorship from seasoned professionals. One intern even continued with the company part-time during the academic year. Plans are underway to expand this internship initiative nationwide next summer, demonstrating PrimeLending's commitment to diversity and equitable opportunities in the mortgage sector.