Hilltop Holdings Inc Stock Price, News & Analysis

PrimeLending, a national residential mortgage lender, has secured five MortgageCX Best-in-Class Lender Awards for 2024 in the Large Independent Lender segment. The awards recognize excellence in: Loan Originator, Online Tools, Mobile Tools, Pre-Closing (Preparedness), and Closing Timeframe categories.

The recognition is based on verified borrower feedback through STRATMOR Group's MortgageCX program, establishing a trusted industry benchmark for excellence. PrimeLending's service model combines personalized expertise with digital convenience, offering customers nationwide access to online applications, mortgage qualification, document uploading, loan progress tracking, fee payments, and loan officer communication.

Steve Thompson, President and CEO of PrimeLending, emphasized that this recognition validates their commitment to combining expert guidance with innovative digital tools, aiming to make the mortgage process simple and seamless for borrowers across all 50 states.

Hilltop Holdings (NYSE: HTH) reported Q4 2024 income of $35.5 million ($0.55 per diluted share), up from $28.7 million ($0.44 per share) in Q4 2023. Full-year 2024 income was $113.2 million ($1.74 per share), compared to $109.6 million ($1.69 per share) in 2023.

The company's Q4 performance showed improvements with a $5.9 million reversal of credit losses and increased net interest income. Mortgage loan origination volume reached $2.3 billion, up from $1.8 billion in Q4 2023. Total deposits grew to $11.1 billion from $10.8 billion in Q3 2024.

The Board declared a quarterly dividend of $0.18 per share (6% increase) and authorized a new $100 million stock repurchase program through January 2026. During 2024, Hilltop repurchased 640,042 shares at an average price of $31.04. The company maintains strong capital levels with a Tier 1 Leverage Ratio of 12.57% and Common Equity Tier 1 Capital Ratio of 21.23%.

Hilltop Holdings (NYSE: HTH) announced that its merchant bank subsidiary, Hilltop Opportunity Partners, will sell its portfolio company Moser Energy Systems through Moser Holdings, to Atlas Energy Solutions. The transaction is valued at approximately $220 million, comprising $180 million in cash and roughly 1.7 million Atlas common shares (valued at $41 million as of January 24, 2025).

Hilltop Opportunity Partners holds a 30% stake in Moser Holdings, Atlas has the option to pay the entire consideration in cash instead of issuing shares. If shares are issued, Atlas retains the right to redeem them for cash after closing. The transaction, approved by both companies' boards, is expected to close in Q1 2025, subject to customary conditions.

Moser Energy Systems is a leading distributed power solutions provider. The acquisition aims to diversify Atlas's presence in high-growth end markets while strengthening its position in North American energy solutions.

Hilltop Holdings (NYSE: HTH) has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Friday, January 31, 2025, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford and CFO William B. Furr will present the financial results. Investors can join via phone at 800-549-8228 (North America) or +1-289-819-1520 (International) using conference ID 03956, or watch the simultaneous webcast on Hilltop's Investor Relations website.

HilltopSecurities has appointed Ari Kavour as Executive Managing Director, Head of Structured Finance and Structured Products Group. Kavour, who brings 29 years of experience in mortgage trading, sales, and finance, will join the Executive Committee and report to CEO Brad Winges from the New York City office. His role focuses on expanding the firm's mortgage-backed sales and trading operations, as well as strengthening its New York presence. Kavour previously served as Head of Mortgage Finance at Wells Fargo and held senior positions at Goldman Sachs, Merrill Lynch, and Morgan Stanley.

Hilltop Holdings (NYSE: HTH) reported Q3 2024 income of $29.7 million, or $0.46 per diluted share, down from $37.0 million ($0.57 per share) in Q3 2023. The decline was attributed to lower net interest income in banking, partially offset by increased revenues in structured finance. The company's mortgage origination segment saw declines in noninterest income and expenses. Key metrics include: mortgage loan origination volume of $2.3 billion, total assets of $15.9 billion, and a quarterly cash dividend of $0.17 per share. The company maintained strong capital levels with a Tier 1 Leverage Ratio of 12.95% and Common Equity Tier 1 Capital Ratio of 20.48%.

Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, has announced its upcoming third quarter 2024 earnings conference call and webcast. The event is scheduled for Friday, October 25, 2024, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford, along with CFO William B. Furr, will review the company's financial results for the third quarter of 2024.

Interested parties can participate in the conference call by dialing 800-267-6316 (North America) or 203-518-9856 (International) and using the conference ID HH3Q24. Additionally, the event will be simultaneously webcast on Hilltop's Investor Relations website at http://ir.hilltop.com, providing multiple access options for stakeholders and interested individuals to stay informed about the company's financial performance.

PrimeLending, a leading national residential mortgage lender, has appointed Brian McKinney as Executive Vice President, Growth and Strategic Development. This newly created position is part of PrimeLending's strategic efforts to optimize business practices and explore new revenue opportunities to drive company growth.

McKinney brings over 30 years of leadership experience in financial services and retail mortgage lending, including his recent role as CEO of a national full-service mortgage lender. Steve Thompson, President and CEO of PrimeLending, expressed confidence in McKinney's ability to positively impact the company's future, citing his track record of building top-performing business lines in the mortgage industry.

McKinney expressed excitement about joining PrimeLending, praising the company's reputation for excellence and innovation. He also highlighted the stability and resources provided by PrimeLending's parent company, Hilltop Holdings.

HilltopSecurities is launching its 4th annual Hilltop Hunt on Oct. 5, 2024, World Teachers' Day. This virtual contest offers Texas K-12 educators a chance to win a share of over $50,000 in prizes. The online trivia game, featuring mascot Mo the Buffalo, runs from Oct. 5 to Oct. 23 at HilltopHunt.com.

Participants answer daily riddles about Mo's travels to Texas landmarks, with fewer guesses earning more entries. Five Gold Prize winners will receive a $10,000 donation to their chosen ISD Foundation and a pizza party for their class. Ten Silver Prize winners will win a class pizza party. The contest is open to all Texas K-12 teachers, with no purchase necessary.