Hilltop Holdings Inc Stock Price, News & Analysis

PrimeLending announces the launch of a new reverse mortgage product aimed at homeowners aged 62 and older, allowing them to leverage their home equity as income during retirement. This innovative financing option offers flexibility, enabling customers to choose between a lump sum, monthly payments, or a line of credit without needing to sell their homes. CEO Steve Thompson emphasized the commitment to providing customers with valuable financial solutions, enhancing their financial stability. Interested homeowners can find more information about this offering on the PrimeLending website.

PrimeLending and SimpliSafe have announced a strategic partnership aimed at providing first-time homebuyers with enhanced home security. Eligible customers financing their mortgage through PrimeLending will receive a complimentary 7-piece SimpliSafe home security system, which includes an HD camera and motion sensors, along with two months of comprehensive monitoring. This initiative is designed to offer peace of mind during the significant transition of homeownership. The partnership emphasizes the commitment of both companies to ensure customer safety and satisfaction, underlining PrimeLending's strong customer service reputation with a 96% satisfaction rating.

PrimeLending promotes Kim Dybvad to Vice President, Area Manager for the Mid-America region, overseeing loan origination in Ohio, Indiana, Illinois, Kentucky, Michigan, and Wisconsin. Dybvad has over 30 years of industry experience, having previously managed a branch in Dayton, Ohio, and served as President of the Ohio Mortgage Bankers Association in 2020. Her management skills have received accolades for fostering high energy and achieving loan production goals.

PrimeLending, part of Hilltop Holdings Inc. (NYSE: HTH), has maintained a 96% customer satisfaction rating, showcasing its commitment to customer service in home lending.

PrimeLending, a leading national residential mortgage lender and part of PlainsCapital Company, is the official sponsor of the Dallas Open, taking place from February 4-12, 2023. This ATP 250 event, featuring top players like Taylor Fritz and Frances Tiafoe, showcases over 60 professionals at the Styslinger/Altec Tennis Complex. PrimeLending's involvement emphasizes their commitment to community engagement in Dallas, where they are headquartered. The tournament, the only ATP indoor championship in the U.S., aims to integrate local partnerships and enhance the Dallas community's connection to professional tennis.

PrimeLending has promoted Kelly McGuinness to SVP, Regional Manager for the Northeast Region, covering states such as New York, New Jersey, and Connecticut. McGuinness, who joined PrimeLending in 2013, has over 30 years in the mortgage industry, previously owning her own mortgage company for 26 years. Under her leadership as Milford Branch Manager, the branch flourished, becoming a top performer. Her promotion reflects PrimeLending's commitment to growth and customer service, as highlighted by a 96% customer satisfaction rating across all services.

Hilltop Holdings Inc. (NYSE: HTH) reported a significant decline in financial performance for both Q4 and the full year 2022. For Q4, the company posted income of $25.6 million ($0.39 per diluted share), down from $62.2 million ($0.78 per diluted share) in the prior year. Full-year income dropped to $113.1 million ($1.60 per diluted share) versus $374.5 million ($4.61 per diluted share) in 2021. Key challenges included a 63% drop in net gains from mortgage origination, primarily due to tight housing inventory and rising interest rates. Nonetheless, the Board declared a quarterly cash dividend of $0.16 per share, a 7% increase, and authorized a $75 million stock repurchase program.

Hilltop Holdings Inc. (NYSE: HTH), a financial holding company based in Dallas, will conduct a live webcast and conference call on January 27, 2023, at 8:00 AM Central to discuss its fourth quarter and full year 2022 financial results. The call will be led by President and CEO Jeremy B. Ford and CFO William B. Furr. Interested parties can join by phone or via the webcast on Hilltop's Investor Relations website. Hilltop operates PlainsCapital Bank and several broker-dealer subsidiaries, providing banking and financial services across Texas and the U.S., employing approximately 4,140 people and operating 360 locations as of December 31, 2022.