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. (NYSE: HTH) is a Dallas-based financial holding company with operations spanning commercial banking, residential mortgage lending, and broker-dealer and wealth advisory services. News about Hilltop often centers on the performance and strategic direction of its core businesses, including PlainsCapital Bank, PrimeLending, Hilltop Securities Inc., and Momentum Independent Network Inc.
Investors and observers following HTH news can expect regular coverage of quarterly and annual financial results, as Hilltop issues earnings press releases and presentations that detail net interest income, credit loss provisions or reversals, noninterest income from mortgage production and securities activities, and segment performance across banking, mortgage origination, and broker-dealer operations. These updates are frequently accompanied by information on dividends, stock repurchase program authorizations and activity, and capital ratios.
Company news also highlights developments at PlainsCapital Bank, such as leadership appointments in key Texas markets and commentary on commercial lending, treasury management, small business banking, private banking, and trust and wealth management services. PrimeLending-related updates may discuss mortgage origination volumes, gains on loan sales, and the impact of housing market conditions on results. Hilltop Securities news often covers additions to institutional and public finance teams, initiatives in public finance and capital markets, and community-focused programs like the Hilltop Hunt for Texas educators.
In addition, Hilltop issues announcements about events such as earnings conference calls and webcasts, where executives review financial results and answer questions from analysts. For readers tracking HTH, this news page provides a centralized view of corporate developments, segment-level updates, governance disclosures reported via press release, and other material events that shape the company’s trajectory in the commercial banking and finance and insurance sector.
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.
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PrimeLending, a PlainsCapital Company, has formed a new partnership with ARIVA Mortgage Services to enhance mortgage offerings in South Texas. Alex Bernal has been appointed as the Vice President-Managing Director, bringing over 15 years of industry experience. The partnership aims to streamline the mortgage process for ARIVA Homes customers and broader markets. ARIVA Mortgage is actively hiring loan professionals to support its growth, while PrimeLending holds a 50.01% stake in the venture.
PrimeLending, a PlainsCapital Company, announces its sponsorship of the Dallas Open, an ATP 250 event scheduled for February 6-13, 2022. This marks the tournament's return to Dallas after over three decades. Noteworthy players like John Isner and Taylor Fritz will participate. The event will be held at the Styslinger/Altec Tennis Complex at Southern Methodist University, making it the only indoor ATP Tour championship in the U.S. PrimeLending emphasizes community pride in showcasing such events in its hometown.
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Hilltop Holdings (HTH) reported its financial results for Q4 and FY 2021, showing a decline in income from continuing operations to $62.2 million ($0.78/share) in Q4, down from $112.7 million ($1.30/share) in Q4 2020. For FY 2021, income was $374.5 million ($4.61/share), slightly down from $409.4 million ($4.58/share) in 2020. The decline was attributed to reduced mortgage origination segment gains and revenue drops in the broker-dealer segment. In contrast, a new quarterly cash dividend of $0.15/share was announced, a 25% increase from the previous quarter. Hilltop's total assets grew to $18.7 billion.