Hilltop Holdings Inc Stock Price, News & Analysis

PrimeLending, a PlainsCapital Company, has formed a new partnership with ARIVA Mortgage Services to enhance mortgage offerings in South Texas. Alex Bernal has been appointed as the Vice President-Managing Director, bringing over 15 years of industry experience. The partnership aims to streamline the mortgage process for ARIVA Homes customers and broader markets. ARIVA Mortgage is actively hiring loan professionals to support its growth, while PrimeLending holds a 50.01% stake in the venture.

PrimeLending, a PlainsCapital Company, announces its sponsorship of the Dallas Open, an ATP 250 event scheduled for February 6-13, 2022. This marks the tournament's return to Dallas after over three decades. Noteworthy players like John Isner and Taylor Fritz will participate. The event will be held at the Styslinger/Altec Tennis Complex at Southern Methodist University, making it the only indoor ATP Tour championship in the U.S. PrimeLending emphasizes community pride in showcasing such events in its hometown.

Hilltop Holdings (HTH) reported its financial results for Q4 and FY 2021, showing a decline in income from continuing operations to $62.2 million ($0.78/share) in Q4, down from $112.7 million ($1.30/share) in Q4 2020. For FY 2021, income was $374.5 million ($4.61/share), slightly down from $409.4 million ($4.58/share) in 2020. The decline was attributed to reduced mortgage origination segment gains and revenue drops in the broker-dealer segment. In contrast, a new quarterly cash dividend of $0.15/share was announced, a 25% increase from the previous quarter. Hilltop's total assets grew to $18.7 billion.

Hilltop Holdings Inc. (NYSE: HTH) will hold a live webcast and conference call on January 28, 2022, at 8:00 AM Central to discuss its fourth quarter and full year 2021 financial results. CEO Jeremy B. Ford and CFO William B. Furr will present the results. Interested parties can join the call by dialing specified numbers or accessing the webcast on Hilltop’s Investor Relations website. The company operates approximately 410 locations in 47 states and employs around 4,900 people.

PrimeLending has announced a strategic partnership with SimpliSafe to provide first-time homebuyers with a no-cost 7-piece home security system. Eligible customers who finance their mortgage through PrimeLending will receive the security system as a welcome gift, which includes essential components like HD cameras and motion sensors. This offer is valid for loans applied for by March 31, 2022 and closed by June 30, 2022. The collaboration aims to enhance homeownership experience and safety for new homeowners.

Hilltop Holdings Inc. (HTH) reported Q3 2021 income from continuing operations of $92.9 million ($1.15 per share), down from $152.5 million ($1.69 per share) in Q3 2020. The decline was driven by reduced gains from mortgage origination and broker-dealer segments. Despite this, there was an improvement in asset quality and a quarterly dividend of $0.12 was declared. Hilltop repurchased approximately $74 million in shares and increased its stock repurchase capacity to $200 million. The ongoing pandemic continues to pose risks to the business outlook.