Welcome to our dedicated page for Hilltop Holdings news (Ticker: HTH), a resource for investors and traders seeking the latest updates and insights on Hilltop Holdings stock.
Hilltop Holdings Inc (HTH) delivers essential financial services through its dual focus on Texas community operations and institutional investment solutions. This news hub provides investors with verified updates about both business segments, including banking developments at PlainsCapital Bank and market-moving announcements from Hilltop Securities.
Access timely reports on quarterly earnings, regulatory filings, leadership changes, and strategic initiatives. Our curated collection features SEC disclosures, merger/acquisition alerts, and analysis of operational milestones impacting HTH's mortgage origination and securities brokerage divisions.
Key updates include dividend declarations, asset portfolio changes, and service expansions across Texas markets. Bookmark this page for streamlined tracking of HTH's financial performance indicators and compliance-related developments in both banking and capital markets operations.
Hilltop Holdings (HTH) reported a net income of $25.8 million, or $0.40 per diluted share for Q1 2023, up from $22.3 million or $0.28 in Q1 2022. Significant decreases in mortgage origination income contributed to a 51.9% decline in net gains from sale of loans year-over-year, totaling $68.7 million. The company declared a quarterly cash dividend of $0.16 per share, payable May 25, 2023. Total assets grew to $17.0 billion, with a consolidated return on average assets of 0.69% and return on average equity reaching 5.12%. Noninterest income decreased by 24.9% to $162.5 million, while noninterest expenses fell by 12.5% to $250.5 million. The provision for credit losses was $2.3 million, showing a decrease from the $3.6 million recorded in the previous quarter.
Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, will host a live webcast and conference call on April 21, 2023, at 8:00 AM Central to discuss its first quarter 2023 financial results. Hilltop President and CEO Jeremy B. Ford, along with CFO William B. Furr, will present details on the company's performance.
Interested parties can join the call by dialing access numbers provided or through Hilltop's Investor Relations website. As of March 31, 2023, Hilltop employed approximately 4,100 people and operated around 355 locations in 47 states, primarily through PlainsCapital Bank and its subsidiaries.
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.
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