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.
Momentum Independent Network Inc. (MIN), a subsidiary of Hilltop Holdings, has welcomed 33 new financial professionals managing approximately $750 million in client assets to its wealth management platform. The transition from NTB Financial Corporation enhances MIN's national footprint and supports its commitment to providing robust tools for wealth management professionals. Industry veterans like Anthony Petrelli and Michael Morgan join MIN, marking a significant step in the firm's growth strategy.
Hilltop Securities Inc. has expanded its Public Finance division by adding 12 investment bankers across New York City, San Francisco, and Sherman Oaks, California. This experienced team, led by Fred Prager, aims to enhance services for higher education and other sectors. Hilltop Securities, a subsidiary of Hilltop Holdings Inc. (NYSE: HTH), provides a variety of advisory and financial services, including asset management and structured finance. The firm continues to seek comprehensive solutions to meet public entities' financing needs nationwide.
Hilltop Holdings (NYSE: HTH) reported a net income of $32.1 million, or $0.50 per diluted share, for Q3 2022, a significant decrease from $92.9 million or $1.15 per share in Q3 2021. This decline is attributed to a 59.5% drop in mortgage origination segment net gains from sales of loans, totaling $98 million. Despite these challenges, the company declared a cash dividend of $0.15 per share. Key headwinds include rising inflation, tight housing inventories, and increasing market interest rates, impacting mortgage volumes and overall operating results.
Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on October 21, 2022, at 8:00 AM Central, to discuss third quarter 2022 financial results. President and CEO Jeremy B. Ford and CFO William B. Furr will lead the session. Interested individuals can join the call by dialing specified numbers or via Hilltop's Investor Relations website. The company is based in Dallas and operates primarily through PlainsCapital Bank, with a workforce of approximately 4,385 employees across 370 locations in 47 states.
On October 5, 2022, Hilltop Securities launched the Hilltop Hunt, an online contest for Texas K-8 educators, offering a share of $50,000 in prizes. This year's theme is “Where’s Mo?”, encouraging teachers to solve daily riddles about the mascot Mo the Buffalo. The contest runs until October 22, with participation open to public and charter school teachers. Gold Prize winners receive a $10,000 donation to a teacher support organization and a pizza party, while Silver Prize winners will also enjoy pizza parties. The initiative highlights Hilltop's commitment to supporting education.
CAIS and HilltopSecurities have formed a strategic partnership to enhance access to alternative investment products for financial advisors. This collaboration aims to connect HilltopSecurities’ network of nearly 275 advisors with various investment options, including hedge funds and real estate. The CAIS platform will provide independent due diligence, transaction processing, and automated reporting, aiding in wealth management growth. As traditional asset returns remain muted, this partnership is poised to address the evolving demands of investors.
Hilltop Holdings (NYSE: HTH) reported a significant decline in Q2 2022 earnings, with net income of $33.3 million ($0.45 per share) compared to $99.1 million ($1.21 per share) in Q2 2021. This decline is attributed to a 42.1% decrease in net gains from mortgage loan sales and increased provisions for credit losses, reflecting a deteriorating economic outlook. Hilltop declared a quarterly cash dividend of $0.15 per share. The company repurchased 14.87 million shares for $442.3 million, indicating confidence in its long-term strategy amidst challenging market conditions.
Hilltop Holdings Inc. (NYSE: HTH) will hold its 2022 Annual Meeting of Stockholders virtually on July 21, 2022, at 10:00 a.m. Dallas time due to ongoing COVID-19 concerns. Stockholders of record as of May 5, 2022 can participate online through www.virtualshareholdermeeting.com/HTH2022. Voting is encouraged prior to the meeting, and the original proxy card remains valid despite the location change. Hilltop Holdings is a Dallas-based financial holding company primarily offering banking and mortgage services.
Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on July 22, 2022, at 8:00 AM Central to discuss its second quarter 2022 financial results. President and CEO Jeremy B. Ford and CFO William B. Furr will provide insights into the company's performance.
The call will be accessible via phone or through Hilltop’s Investor Relations website. As of June 30, 2022, Hilltop employed approximately 4,650 people and operated 385 locations across 47 states.
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