Hilltop Holdings Inc Stock Price, News & Analysis

Hilltop Securities Inc. has appointed Sean Ladley as co-head of Generalist Fixed Income Sales in Charlotte, NC. He brings over 24 years of financial services experience, previously serving as a managing director at Wells Fargo. A.J. Maggio, executive managing director, emphasized Ladley's potential contributions to enhance the firm's sales efforts. Ladley expressed enthusiasm for joining Hilltop Securities, highlighting its culture and client service opportunities. Hilltop Securities is a full-service investment bank and registered investment adviser, part of Hilltop Holdings Inc. (NYSE: HTH).

Hilltop Securities Inc. welcomes Ted Chapman as a credit analyst in its Public Finance division in Dallas. With 25 years in financial services, including 21 years at S&P Global Ratings, Chapman enhances the firm's municipal credit expertise. His experience includes serving on the EPA’s Environmental Finance Advisory Board and focusing on municipal water utility revenue bonds. Hilltop Securities, a subsidiary of Hilltop Holdings Inc. (NYSE: HTH), aims to strengthen its public finance team amid increasing client demands for reliable municipal credit knowledge.

Hilltop Securities Inc. enhances its Public Finance division by welcoming John Pellicci and Yaffa Rattner, seasoned leaders with a combined 67 years in financial services. Pellicci takes on the role of senior managing director, head of municipal high yield underwriting and sales, while Rattner will serve as senior managing director, head of municipal credit. Their expertise is expected to strengthen Hilltop's capital markets initiatives. The firm is a wholly owned subsidiary of Hilltop Holdings (NYSE: HTH), providing a variety of municipal and investment services nationwide.

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.