Hilltop Holdings Inc Stock Price, News & Analysis

Hilltop Securities announced the expansion of its Southern Region public finance teams with the hiring of two new professionals. Tom Baurle will serve as managing director in Naples, focusing on asset-backed securitization and structured finance. Peter Druhot joins as managing director in Dallas, specializing in municipal underwriting. Both professionals bring extensive experience, enhancing HilltopSecurities' capabilities in serving clients across various sectors. This strategic hiring aims to deliver innovative financing solutions to meet client objectives.

Hilltop Securities has launched a new division, HTS Commodities, expanding its commodities brokerage. The division includes 19 experienced professionals located in Texas and Tennessee, enhancing services for farmers and ranchers across the U.S. Key hires include managing directors Brock Thompson and Will Snead in Amarillo, alongside Lewis Williamson and Marvin Coleman in Memphis. HTS Commodities will focus on a range of trading options, consulting, and wealth management services, aiming to double the size of the existing commodities desk and drive growth nationwide.

Hilltop Holdings reported a net income of $99.1 million, or $1.21 per diluted share, for Q2 2021, up from $97.7 million, or $1.08 per diluted share in Q2 2020. The increase was driven by improved macroeconomic conditions and a $28.7 million reversal of credit losses. However, mortgage origination income decreased 29% year-over-year, totaling $241.8 million. The Board declared a quarterly dividend of $0.12 per share. Share repurchases totaled $44.5 million during the quarter. Hilltop maintains strong capital levels amidst ongoing economic uncertainty due to COVID-19.

Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on July 23, 2021, at 8:00 AM Central, to discuss its second quarter 2021 financial results. CEO Jeremy B. Ford and CFO William B. Furr will lead the discussion. Interested participants can join by calling 1-877-508-9457 domestically or 1-412-317-0789 internationally. Hilltop, a Dallas-based financial holding company with around 5,025 employees and 410 locations, offers diverse banking services via PlainsCapital Bank and provides mortgage lending through PrimeLending.

Hilltop Holdings Inc. (NYSE: HTH) has shifted its 2021 Annual Meeting of Stockholders to a virtual-only format due to ongoing public health concerns from the COVID-19 pandemic. The meeting is scheduled for Thursday, July 22, 2021, at 10:00 a.m. Dallas local time. Stockholders of record as of May 11, 2021, can participate virtually via a designated website. Voting is encouraged regardless of attendance. Hilltop Holdings is a financial holding company providing various banking and financial services across Texas and the U.S.

Hilltop Holdings Inc. (HTH) reported strong financial results for Q1 2021, with income from continuing operations increasing to $120.3 million, or $1.46 per diluted share, up from $46.5 million or $0.51 per diluted share in Q1 2020. The rise was driven by a 73.3% increase in net gains from mortgage origination, totaling $310.2 million. The company declared a quarterly dividend of $0.12 per share and repurchased 149,878 shares at an average price of $33.01. However, COVID-19 continues to pose operational risks.

Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on April 23, 2021, at 8:00 AM Central. President and CEO Jeremy B. Ford, along with CFO William B. Furr, will discuss the company’s first quarter 2021 financial results. Interested parties can join the call by dialing 1-877-508-9457 domestically or 1-412-317-0789 internationally. Hilltop Holdings operates in the banking and financial services sector, employing approximately 4,980 individuals across 430 locations in 47 states.

Hilltop Securities Inc. has appointed Drew Henriques as senior vice president and co-head of municipal trading in its Fixed Income Capital Markets division in Phoenix, Arizona. Reporting to Todd Bleakney, Henriques brings 12 years of experience, previously serving at Citi and J.P. Morgan. His expertise in the high-yield municipal sector is expected to enhance the firm's growth and client services in this area. Hilltop Securities continues to strengthen its position as a leading municipal investment bank, focusing on tailored solutions for various clients.

Hilltop Securities Inc. has expanded its St. Paul office, adding eight professionals to its fixed income capital markets team in the past six months. The office, which opened in June 2020, now has 15 employees. Among the new hires are Managing Directors Richard Byrd, Todd Adams, Brooks Byrd, and new sales trainees Adam Anderson and Tyler Barnes. The firm aims to enhance its financial solutions offerings and continues to grow across the U.S., having added over 110 associates since last year.