Hilltop Holdings Inc. reports developments for a financial holding company built around Texas banking, national residential mortgage lending, and broker-dealer operations. Its subsidiaries include PlainsCapital Bank, PrimeLending, Hilltop Securities Inc., and Momentum Independent Network Inc.
Recurring updates cover quarterly and annual results, capital actions such as cash dividends and share repurchases, capital ratios, loan trends, mortgage conditions, and broker-dealer activity in public finance, capital markets, wealth management, clearing, and related services. Company news also includes board and executive governance changes, regional banking leadership, and HilltopSecurities initiatives tied to its national investment-banking and municipal-advisory franchise.
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.
HilltopSecurities has released the results of its 2024 Public Entity Survey, offering insights into the challenges and priorities of municipalities, school districts, and other public entities across the US. The survey, conducted from May to August, gathered responses from over 1,200 public sector employees and municipal market participants from all 50 states and DC.
Key findings include:
- Labor and staffing, along with aging infrastructure, were identified as the biggest challenges
- 75% of responses came from employees of cities, counties, and school districts
- The survey covered topics such as debt issuance priorities, remote work impact, and the importance of municipal bond tax-exemption
HilltopSecurities President and CEO Brad Winges emphasized the firm's commitment to assisting public entities and providing valuable insights to market participants. The company plans to expand this annual survey in future years.
Hilltop Holdings Inc. (NYSE: HTH) reported financial results for Q2 2024, with income to common stockholders of $20.3 million, or $0.31 per diluted share, compared to $18.1 million, or $0.28 per diluted share, in Q2 2023. Key highlights include:
- Provision for credit losses of $10.9 million
- Mortgage loan origination production volume of $2.4 billion
- Net gains from mortgage loans sold to third parties increased to 233 basis points
- Consolidated annualized return on average assets of 0.59%
- Book value per common share increased to $32.86
- Total assets of $15.6 billion
- Loans, net of allowance for credit losses, of $7.7 billion
- Total deposits of $10.4 billion
The company maintained strong capital levels with a Tier 1 Leverage Ratio of 12.87% and a Common Equity Tier 1 Capital Ratio of 19.45%.
Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, has announced its upcoming second quarter 2024 earnings conference call and webcast. The event is scheduled for Friday, July 26, 2024, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford and CFO William B. Furr will lead the call, reviewing the company's financial results for Q2 2024.
Interested parties can join the conference call by dialing 800-245-3047 (North America) or 203-518-9765 (International), using the conference ID HH2Q24. Additionally, a simultaneous webcast will be available on Hilltop's Investor Relations website at http://ir.hilltop.com.
PrimeLending, a national residential lender, has introduced Loan Lift, an innovative mortgage underwriting process designed to enhance borrowers' credit eligibility assessment. This new approach captures positive financial behaviors, such as consistent rent payments, potentially leading to better loan terms and expanded lending options.
Loan Lift combines advanced technology with PrimeLending's extensive range of over 400 mortgage programs and experienced mortgage experts. The process includes comprehensive data collection, digital verification through PointServ, and a customer-focused service philosophy. By considering a wider range of financial activities, including shared bill payments and positive cash flow transactions, Loan Lift aims to provide a more holistic view of a borrower's financial health.