Hilltop Holdings Q1 2026 profit, dividend and buybacks

Hilltop Holdings Inc. reported first quarter 2026 income attributable to common stockholders of $37.8 million, or $0.64 per diluted share, compared with $42.1 million, or $0.65, in the first quarter of 2025.

Rhea-AI Filing Summary

Hilltop Holdings Inc. reported first quarter 2026 income attributable to common stockholders of $37.8 million, or $0.64 per diluted share, compared with $42.1 million, or $0.65, in the first quarter of 2025. Return on average assets was 1.02% and return on average stockholders’ equity was 7.12%.

The Board declared a quarterly cash dividend of $0.20 per common share, payable on May 22, 2026, to stockholders of record on May 8, 2026. Hilltop repurchased 1,238,216 common shares for $47.5 million at an average price of $38.40 under its 2026 repurchase program. Management highlighted improved year-over-year results across banking, broker-dealer and mortgage origination, including a consolidated net interest margin of 3.13% and broker-dealer pre-tax margin of 12.7% on $116.1 million of net revenue, while warning that economic and rate uncertainty are expected to continue to pressure operating results through 2026.

Insights

Banking sector analyst

Hilltop posts solid Q1 profit with active capital return amid macro headwinds.

Hilltop generated net income of $39.0 million, or $0.64 per diluted share attributable to common stockholders, with a consolidated net interest margin of 3.13%. All three business lines showed improved year-over-year financial results, and banking achieved a 1.17% return on average assets.

Capital levels remained strong, with Hilltop’s common equity Tier 1 ratio at 19.08% and total capital ratio at 21.50%. The company returned $59 million to stockholders in the quarter through dividends and $47.5 million of share repurchases.

Management noted that volatile economic conditions, shifts in U.S. Treasury yields and mortgage rates, funding cost pressures, inflation, and international conflicts have already weighed on results and are expected to continue doing so during 2026. Future disclosures will show how net interest margin, credit quality and mortgage volumes evolve under these conditions.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Income attributable to common stockholders: $37.8 million Diluted EPS: $0.64 per share Quarterly cash dividend: $0.20 per common share +5 more

8 metrics

Income attributable to common stockholders $37.8 million First quarter 2026, vs. $42.1 million in Q1 2025

Diluted EPS $0.64 per share First quarter 2026, vs. $0.65 in Q1 2025

Quarterly cash dividend $0.20 per common share Declared for payment on May 22, 2026

Share repurchases $47.5 million for 1,238,216 shares Q1 2026, average price $38.40 under 2026 program

Return on average assets 1.02% Hilltop consolidated, first quarter 2026

Return on average stockholders’ equity 7.12% Hilltop consolidated, first quarter 2026

Common equity Tier 1 ratio 19.08% Hilltop, as of March 31, 2026

Total assets $15.70 billion Consolidated balance sheet, March 31, 2026

Key Terms

net interest margin, noninterest income, Tier 1 capital, non-performing assets, +1 more

5 terms

net interest margin financial

"Net interest margin is defined as net interest income divided by average interest-earning assets."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

noninterest income financial

"Total noninterest income was 188,415 for the three months ended March 31, 2026."

Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.

Tier 1 capital financial

"Tier 1 capital (to average assets): PlainsCapital 9.54% and Hilltop 12.82% at March 31, 2026."

Tier 1 capital is a bank’s core financial cushion—mainly common stock, retained earnings and certain reserves—that can absorb losses while the bank keeps operating. Investors care because it signals a lender’s ability to survive stress, meet regulatory requirements and continue lending or paying dividends; think of it as the engine’s safety margin that keeps a car running through bumps in the road.

non-performing assets financial

"Non-performing assets were 69,479 and represented 0.44% of total assets at March 31, 2026."

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

mortgage servicing rights financial

"Mortgage servicing assets were 20,045 at March 31, 2026, up from prior periods."

Mortgage servicing rights are the contractual right to collect mortgage payments, manage escrow accounts, handle customer service and delinquency actions on a pool of home loans, in exchange for a portion of the loan’s payments. They matter to investors because their value behaves like a revenue stream that can rise or fall with interest rates and borrower behavior — similar to owning a toll bridge where income depends on traffic volume and maintenance costs — and thus affect a lender’s earnings and risk profile.

Earnings Snapshot

Income attributable to common stockholders: $37.8 million

Q1 2026

Income attributable to common stockholders $37.8 million

Net income $39.0 million

Diluted EPS $0.64

Net interest income $112.1 million

Total noninterest income $188.4 million

Return on average assets 1.02%

Return on average stockholders’ equity 7.12%

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Hilltop Holdings (HTH) perform in the first quarter of 2026?

Hilltop reported income attributable to common stockholders of $37.8 million, or $0.64 per diluted share. Net income was $39.0 million, with return on average assets of 1.02% and return on average stockholders’ equity of 7.12% for the quarter.

What dividend did Hilltop Holdings (HTH) declare for Q1 2026?

Hilltop declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on May 22, 2026, to stockholders of record as of the close of business on May 8, 2026, continuing the company’s pattern of regular cash distributions.

How much stock did Hilltop Holdings (HTH) repurchase in Q1 2026?

During the first quarter of 2026, Hilltop repurchased 1,238,216 common shares for $47.5 million. The average repurchase price was $38.40 per share under the 2026 stock repurchase program, and the shares were returned to authorized but unissued status.

What were Hilltop Holdings’ key profitability metrics in Q1 2026?

Hilltop’s consolidated net interest margin was 3.13%, and net interest income totaled $112.1 million. The company achieved a 1.02% return on average assets and a 7.12% return on average stockholders’ equity, reflecting solid profitability across its diversified financial businesses.

How did Hilltop’s business segments perform in Q1 2026?

Management reported improved year-over-year financial results in all three lines: banking, broker-dealer, and mortgage origination. The broker-dealer segment delivered a 12.7% pre-tax margin on $116.1 million of net revenue, while PrimeLending further reduced operating losses by leveraging higher origination volumes and better gain-on-sale margins.

What risks and economic factors are affecting Hilltop Holdings in 2026?

Hilltop cited uncertain economic conditions, political changes, tariffs, movements in U.S. Treasury yields and mortgage rates, inflationary pressures, funding cost exposure, and international armed conflicts. These factors have already pressured results in early 2026 and are expected to continue affecting operating performance through the remainder of the year.

What are Hilltop Holdings’ capital ratios as of March 31, 2026?

At March 31, 2026, Hilltop reported a common equity Tier 1 capital ratio of 19.08%, Tier 1 capital ratio of 19.08%, and total capital ratio of 21.50%. Its Tier 1 leverage ratio was 12.82%, indicating substantial capital buffers above typical regulatory minimum requirements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 04:30 PM EDT Learn about SEC filing dates

0001265131false00012651312026-04-232026-04-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

​

Date of Report (Date of earliest event reported): April 23, 2026

​

Hilltop Holdings Inc.

(Exact name of registrant as specified in its charter)

​

​	​	​	​	​
Maryland	​	1-31987	​	84-1477939
(State or other jurisdiction of incorporation)	​	(Commission File Number)	​	(IRS Employer Identification No.)

​

​	​	​
6565 Hillcrest Avenue	​	​
Dallas, Texas	​	75205
(Address of principal executive offices)	​	(Zip Code)

​

Registrant’s telephone number, including area code: (214) 855-2177

​

​

(Former name or former address, if changed since last report.)

​

​ ​ ​ ​ ​

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

​

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

​

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

​

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

​

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​

Securities registered pursuant to section 12(b) of the Act:

​

	​		​
Title of each class	​	Trading symbol	​	Name of each exchange on which registered
Common Stock, par value $0.01 per share	​	HTH	​	New York Stock Exchange NYSE Texas

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b–2 of the Securities Exchange Act of 1934.

​

Emerging growth company ☐

​

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

​

Section 2 – Financial Information

​

Item 2.02  Results of Operations and Financial Condition.

​

On April 23, 2026, Hilltop Holdings Inc., or the Company, issued a press release announcing its results of operations and financial condition as of and for the three months ended March 31, 2026. The text of the release is set forth in Exhibit 99.1 attached to this Current Report on Form 8-K and is incorporated herein by reference.

​

The information in this Item (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing.

​

Section 8 – Other Events

​

Item 8.01  Other Events.

​

On April 23, 2026, the Board of Directors of the Company declared a quarterly cash dividend of $0.20 per common share, payable on May 22, 2026, to stockholders of record as of the close of business on May 8, 2026.

​

Forward-Looking Statements

​

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, the Company does not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” or “would” or the negative of these words and phrases or similar words or phrases. For a list of factors that could cause actual results to differ materially from those set forth in the forward-looking statements, see the risk factors described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

​

Section 9 – Financial Statements and Exhibits

​

Item 9.01  Financial Statements and Exhibits.

​

(a) Financial statements of businesses acquired.

Not applicable.

(b) Pro forma financial information.

Not applicable.

(c) Shell company transactions.

Not applicable.

(d) Exhibits.

​

The following exhibit(s) are filed or furnished, depending on the relevant item requiring such exhibit, in accordance with the provisions of Item 601 of Regulation S-K and Instruction B.2 to this form.

​

​ ​	​	​ ​
Exhibit Number	​	Description of Exhibit
​ 99.1	​	​ Press Release issued April 23, 2026 (furnished pursuant to Item 2.02).
​	​	​
104	​	Cover Page Interactive File (formatted as Inline XBRL).

​

​

SIGNATURES

​

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​

​	​	​	​
​	​	Hilltop Holdings Inc.,
​	​	a Maryland corporation
​	​	​	​
​	​	​	​
Date:	April 23, 2026	By:	/s/ COREY PRESTIDGE
​	​	Name:	Corey G. Prestidge
​	​	Title:	Executive Vice President,
​	​	​	General Counsel & Secretary

​

​

Exhibit 99.1

​

​	Investor Relations Contact:
​	Matt Dunn
​	214-525-4636
​	mdunn@hilltop.com

​

Hilltop Holdings Inc. Announces Financial Results for First Quarter 2026

​

DALLAS — (BUSINESS WIRE) April 23, 2026 — Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the first quarter of 2026. Hilltop produced income attributable to common stockholders of $37.8 million, or $0.64 per diluted share, for the first quarter of 2026, compared to $42.1 million, or $0.65 per diluted share, for the first quarter of 2025.

​

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on May 22, 2026 to all common stockholders of record as of the close of business on May 8, 2026. Additionally, during the first quarter of 2026, Hilltop paid $47.5 million to repurchase an aggregate of 1,238,216 shares of its common stock at an average price of $38.40 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

​

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, and international armed conflicts and their impact on supply chains within our business segments during the first quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026.

​

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “Amid a volatile quarter, Hilltop delivered strong operating results with all three lines of business reporting improved year-over-year financial results. At PlainsCapital Bank, loan and deposit growth, combined with meaningful net interest margin expansion, generated a 1.2% return on average assets. PrimeLending further reduced its operating losses in the quarter by capitalizing on higher origination volumes and an expanded gain on sale margin. HilltopSecurities produced a 12.7% pre-tax margin on $116 million of net revenues driven by relative strength across its business lines. For the quarter, Hilltop produced a 1.0% return on average assets and returned $59 million to stockholders through dividends and share repurchases.”

​

First Quarter 2026 Highlights for Hilltop:

​

● The provision for credit losses was $1.8 million during the first quarter of 2026, compared to a provision for credit losses of $7.8 million in the fourth quarter of 2025 and a provision for credit losses of $9.3 million in the first quarter of 2025;

o The provision for credit losses during the first quarter of 2026 was primarily driven by a build in the allowance related to specific reserves and net charge-offs, partially offset by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes within the banking segment since the prior quarter.

● For the first quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $72.9 million, compared to $67.7 million in the first quarter of 2025, a 7.6% increase;

o Mortgage loan origination production volume was $2.0 billion during the first quarter of 2026, compared to $1.7 billion during the first quarter of 2025;

o Net gains from mortgage loans sold to third parties, including broker fee income, increased to 261 basis points during the first quarter of 2026, compared to 250 basis points in the fourth quarter of 2025.

● Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the first quarter of 2026 were 1.02% and 7.12%, respectively, compared to 1.13% and 7.82%, respectively, for the first quarter of 2025;

● Hilltop’s book value per common share increased to $36.63 at March 31, 2026, compared to $36.42 at December 31, 2025;

● Hilltop’s total assets were $15.7 billion and $15.8 billion at March 31, 2026 and December 31, 2025, respectively;

● Loans¹, net of allowance for credit losses, were $8.0 billion and $7.9 billion at March 31, 2026 and December 31, 2025, respectively;

● Non-accrual loans were $61.0 million, or 0.66% of total loans, at March 31, 2026, compared to $53.4 million, or 0.58% of total loans, at December 31, 2025;

● Loans held for sale decreased by 15.0% from December 31, 2025 to $807.7 million at March 31, 2026;

● Total deposits² were $10.5 billion and $10.9 billion at March 31, 2026 and December 31, 2025, respectively;

● Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio³ of 12.82% and a Common Equity Tier 1 Capital Ratio of 19.08% at March 31, 2026;

● Hilltop’s consolidated net interest margin⁴ increased to 3.13% for the first quarter of 2026, compared to 3.02% in the fourth quarter of 2025;

● For the first quarter of 2026, noninterest income was $188.4 million, compared to $213.3 million in the first quarter of 2025, a 11.7% decrease;

● For the first quarter of 2026, noninterest expense was $248.3 million, compared to $251.5 million in the first quarter of 2025, a 1.3% decrease; and

● Hilltop’s effective tax rate was 22.6% during the first quarter of 2026, compared to 22.7% during the same period in 2025.

o The effective tax rate for the first quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments.

​

¹  “Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $361.0 million and $344.5 million at March 31, 2026 and December 31, 2025, respectively.

² Total deposits at March 31, 2026 included estimated uninsured deposits of $5.9 billion, or approximately 56% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $640.8 million and internal accounts of $448.2 million, were $4.8 billion, or approximately 46% of total deposits.

³ Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets.

⁴   Net interest margin is defined as net interest income divided by average interest-earning assets.

​

Consolidated Financial and Other Information

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consolidated Balance Sheets

​

March 31,

​

December 31,

​

September 30,

​

June 30,

​

March 31,

(in 000's)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Cash and due from banks

​

$

874,194

​

$

1,231,944

​

$

1,277,283

​

$

982,488

​

$

1,702,623

Federal funds sold

​

​

650

​

​

650

​

​

650

​

​

650

​

​

650

Assets segregated for regulatory purposes

​

​

17,673

​

​

20,211

​

​

5,050

​

​

47,158

​

​

88,451

Securities purchased under agreements to resell

​

​

133,088

​

​

55,977

​

​

78,909

​

​

93,878

​

​

99,099

Securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Trading, at fair value

​

​

698,106

​

​

617,408

​

​

574,434

​

​

675,757

​

​

647,158

Available for sale, at fair value, net (1)

​

​

1,469,670

​

​

1,491,048

​

​

1,443,612

​

​

1,408,347

​

​

1,405,170

Held to maturity, at amortized cost, net (1)

​

​

759,628

​

​

728,329

​

​

755,012

​

​

771,641

​

​

762,369

Equity, at fair value

​

​

238

​

​

265

​

​

248

​

​

4,996

​

​

286

​

​

​

2,927,642

​

​

2,837,050

​

​

2,773,306

​

​

2,860,741

​

​

2,814,983

Loans held for sale

​

807,745

​

​

950,142

​

​

849,357

​

​

979,875

​

​

818,328

Loans held for investment, net of unearned income

​

​

8,433,673

​

​

8,311,952

​

​

8,227,194

​

​

8,061,204

​

​

7,966,777

Allowance for credit losses

​

(88,997)

​

​

(91,537)

​

​

(95,168)

​

​

(97,961)

​

​

(106,197)

Loans held for investment, net

​

​

8,344,676

​

​

8,220,415

​

​

8,132,026

​

​

7,963,243

​

​

7,860,580

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Broker-dealer and clearing organization receivables

​

​

1,625,156

​

​

1,588,882

​

​

1,519,005

​

​

1,469,628

​

​

1,450,077

Premises and equipment, net

​

135,551

​

​

132,820

​

​

136,830

​

​

139,179

​

​

143,957

Operating lease right-of-use assets

​

89,845

​

​

83,757

​

​

87,464

​

​

88,050

​

​

93,451

Mortgage servicing assets

​

​

20,045

​

​

17,491

​

​

12,273

​

​

7,887

​

​

6,903

Other assets

​

​

452,779

​

​

432,603

​

​

459,588

​

​

455,930

​

​

459,774

Goodwill

​

​

267,447

​

​

267,447

​

​

267,447

​

​

267,447

​

​

267,447

Other intangible assets, net

​

​

5,365

​

​

5,605

​

​

5,862

​

​

6,119

​

​

6,376

Total assets

​

$

15,701,856

​

$

15,844,994

​

$

15,605,050

​

$

15,362,273

​

$

15,812,699

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Noninterest-bearing

​

$

2,830,008

​

$

2,831,919

​

$

2,766,155

​

$

2,790,958

​

$

2,859,828

Interest-bearing

​

7,701,541

​

​

8,046,161

​

​

7,909,316

​

​

7,600,599

​

​

7,972,138

Total deposits

​

​

10,531,549

​

​

10,878,080

​

​

10,675,471

​

​

10,391,557

​

​

10,831,966

Broker-dealer and clearing organization payables

​

1,481,998

​

​

1,518,503

​

​

1,445,280

​

​

1,461,683

​

​

1,446,886

Short-term borrowings

​

​

990,807

​

​

676,882

​

​

680,979

​

​

734,508

​

​

705,008

Securities sold, not yet purchased, at fair value

​

​

63,346

​

​

37,955

​

​

65,119

​

​

59,766

​

​

63,171

Notes payable

​

​

148,645

​

​

148,587

​

​

148,530

​

​

148,475

​

​

198,043

Operating lease liabilities

​

​

106,166

​

​

100,155

​

​

104,134

​

​

104,972

​

​

110,815

Other liabilities

​

​

205,621

​

​

287,226

​

​

269,297

​

​

234,467

​

​

227,988

Total liabilities

​

​

13,528,132

​

​

13,647,388

​

​

13,388,810

​

​

13,135,428

​

​

13,583,877

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Common stock

​

​

585

​

​

595

​

​

613

​

​

630

​

​

642

Additional paid-in capital

​

​

953,176

​

​

973,072

​

​

998,644

​

​

1,022,474

​

​

1,037,138

Accumulated other comprehensive loss

​

​

(82,348)

​

​

(79,877)

​

​

(87,254)

​

​

(94,748)

​

​

(100,654)

Retained earnings

​

​

1,272,618

​

​

1,274,611

​

​

1,276,539

​

​

1,270,286

​

​

1,262,586

Total Hilltop stockholders' equity

​

​

2,144,031

​

​

2,168,401

​

​

2,188,542

​

​

2,198,642

​

​

2,199,712

Noncontrolling interests

​

​

29,693

​

​

29,205

​

​

27,698

​

​

28,203

​

​

29,110

Total stockholders' equity

​

​

2,173,724

​

​

2,197,606

​

​

2,216,240

​

​

2,226,845

​

​

2,228,822

Total liabilities & stockholders' equity

​

$

15,701,856

​

$

15,844,994

​

$

15,605,050

​

$

15,362,273

​

$

15,812,699

(1) At March 31, 2026, the amortized cost of the available for sale securities portfolio was $1,537,980, while the fair value of the held to maturity securities portfolio was $702,496.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Consolidated Income Statements

​

March 31,

​

December 31,

​

September 30,

​

June 30,

​

March 31,

​

(in 000's, except per share data)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

Interest income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans, including fees

​

$

130,086

​

$

133,546

​

$

135,773

​

$

131,793

​

$

124,692

​

Securities borrowed

​

​

14,203

​

​

17,753

​

​

21,175

​

​

20,544

​

​

15,809

​

Securities:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Taxable

​

​

26,919

​

​

25,088

​

​

25,452

​

​

25,811

​

​

24,782

​

Tax-exempt

​

​

3,021

​

​

3,509

​

​

3,512

​

​

3,087

​

​

2,613

​

Other

​

​

10,061

​

​

13,913

​

​

14,349

​

​

15,946

​

​

24,903

​

Total interest income

​

​

184,290

​

​

193,809

​

​

200,261

​

​

197,181

​

​

192,799

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest expense:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

​

48,325

​

​

54,167

​

​

57,001

​

​

57,056

​

​

60,051

​

Securities loaned

​

​

12,842

​

​

16,020

​

​

19,430

​

​

17,662

​

​

14,736

​

Short-term borrowings

​

​

7,587

​

​

7,637

​

​

7,867

​

​

7,694

​

​

8,103

​

Notes payable

​

​

2,355

​

​

2,317

​

​

2,404

​

​

3,106

​

​

3,653

​

Other

​

​

1,084

​

​

1,141

​

​

1,171

​

​

989

​

​

1,139

​

Total interest expense

​

​

72,193

​

​

81,282

​

​

87,873

​

​

86,507

​

​

87,682

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest income

​

​

112,097

​

​

112,527

​

​

112,388

​

​

110,674

​

​

105,117

​

Provision for (reversal of) credit losses

​

​

1,765

​

​

7,824

​

​

(2,511)

​

​

(7,340)

​

​

9,338

​

Net interest income after provision for (reversal of) credit losses

​

​

110,332

​

​

104,703

​

​

114,899

​

​

118,014

​

​

95,779

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Noninterest income (1):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net gains from sale of loans and other mortgage production income

​

​

50,972

​

​

49,580

​

​

51,730

​

​

51,945

​

​

45,281

​

Mortgage loan origination fees

​

​

21,910

​

​

26,602

​

​

24,850

​

​

28,738

​

​

22,451

​

Principal transactions, commissions and fees

​

​

66,534

​

​

76,033

​

​

74,066

​

​

47,856

​

​

55,313

​

Investment banking, advisory and administrative fees

​

​

36,920

​

​

47,627

​

​

53,349

​

​

43,730

​

​

36,628

​

Other

​

​

12,079

​

​

17,518

​

​

13,812

​

​

20,365

​

​

53,667

​

Total noninterest income

​

​

188,415

​

​

217,360

​

​

217,807

​

​

192,634

​

​

213,340

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Noninterest expense:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Employees' compensation and benefits

​

​

168,962

​

​

187,960

​

​

190,027

​

​

176,410

​

​

176,240

​

Occupancy and equipment, net

​

​

19,829

​

​

20,818

​

​

19,930

​

​

21,064

​

​

19,782

​

Professional services

​

​

11,245

​

​

12,386

​

​

12,681

​

​

10,820

​

​

4,114

​

Other

​

​

48,267

​

​

47,757

​

​

49,265

​

​

52,882

​

​

51,337

​

Total noninterest expense

​

​

248,303

​

​

268,921

​

​

271,903

​

​

261,176

​

​

251,473

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income before income taxes

​

​

50,444

​

​

53,142

​

​

60,803

​

​

49,472

​

​

57,646

​

Income tax expense

​

11,425

​

​

10,218

​

​

14,129

​

​

11,583

​

​

13,114

​

Net income

​

​

39,019

​

​

42,924

​

​

46,674

​

​

37,889

​

​

44,532

​

Less: Net income attributable to noncontrolling interest

​

1,183

​

​

1,340

​

​

856

​

​

1,816

​

​

2,416

​

Income attributable to Hilltop

​

$

37,836

​

$

41,584

​

$

45,818

​

$

36,073

​

$

42,116

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings per common share:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

$

0.64

​

$

0.69

​

$

0.74

​

$

0.57

​

$

0.65

​

Diluted

​

$

0.64

​

$

0.69

​

$

0.74

​

$

0.57

​

$

0.65

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash dividends declared per common share

​

$

0.20

​

$

0.18

​

$

0.18

​

$

0.18

​

$

0.18

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted average shares outstanding:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

​

59,124

​

​

60,457

​

​

62,146

​

​

63,637

​

​

64,613

​

Diluted

​

​

59,207

​

​

60,498

​

​

62,168

​

​

63,638

​

​

64,615

​

(1) During the three months ended December 31, 2025, certain financial statement line items within the noninterest income section of the consolidated income statement were reclassified to better align disclosures to business activities. These reclassifications were applied retrospectively to all prior periods presented. Total noninterest income did not change as a result of these reclassifications.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 2026

Segment Results

​

​

​

​

​

​

​

Mortgage

​ ​ ​

​

​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

​

$

98,724

​

$

11,892

​

$

(927)

​

$

1,429

​

$

979

​

$

112,097

Provision for (reversal of) credit losses

​

1,759

​

6

​

—

​

—

​

—

​

1,765

Noninterest income

​

11,081

​

104,175

​

72,969

​

1,429

​

(1,239)

​

188,415

Noninterest expense

​

60,984

​

101,285

​

74,401

​

11,893

​

(260)

​

248,303

Income (loss) before taxes

​

$

47,062

​

$

14,776

​

$

(2,359)

​

$

(9,035)

​

$

—

​

$

50,444

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 2025

Segment Results

​

​

​

​

​

​

​

Mortgage

​ ​ ​

​

​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

​

$

90,550

​

$

11,568

​

$

(1,397)

​

$

(869)

​

$

5,265

​

$

105,117

Provision for (reversal of) credit losses

​

9,372

​

(34)

​

—

​

—

​

—

​

9,338

Noninterest income

​

10,810

​

96,937

​

67,775

​

43,379

​

(5,561)

​

213,340

Noninterest expense

​

51,930

​

99,323

​

74,660

​

25,891

​

(331)

​

251,473

Income (loss) before taxes

​

$

40,058

​

$

9,216

​

$

(8,282)

​

$

16,619

​

$

35

​

$

57,646

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31,

​

December 31,

​

September 30,

​

June 30,

​

March 31,

Capital Ratios

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Tier 1 capital (to average assets):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

PlainsCapital

​

9.54%

​

10.60%

​

​

10.74%

​

​

10.71%

​

​

10.22%

Hilltop

​

​

12.82%

​

12.78%

​

​

13.13%

​

​

13.11%

​

​

12.86%

Common equity Tier 1 capital (to risk-weighted assets):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

PlainsCapital

​

​

12.71%

​

14.49%

​

​

14.81%

​

​

15.08%

​

​

15.06%

Hilltop

​

19.08%

​

19.70%

​

​

20.33%

​

​

20.74%

​

​

21.17%

Tier 1 capital (to risk-weighted assets):

​

​

​

​

​

​

​

​

​

​

​

​

​

PlainsCapital

​

​

12.71%

​

14.49%

​

​

14.81%

​

​

15.08%

​

​

15.06%

Hilltop

​

19.08%

​

19.70%

​

​

20.33%

​

​

20.74%

​

​

21.17%

Total capital (to risk-weighted assets):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

PlainsCapital

​

13.77%

​

15.60%

​

​

15.96%

​

​

16.29%

​

​

16.31%

Hilltop

​

​

21.50%

​

22.20%

​

​

22.90%

​

​

23.38%

​

​

24.45%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31,

​

December 31,

​

September 30,

​

June 30,

​

March 31,

Selected Financial Data

​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Hilltop Consolidated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Return on average stockholders' equity

​

​

7.12%

​

​

7.60%

​

​

8.35%

​

​

6.62%

​

​

7.82%

Return on average assets

​

​

1.02%

​

​

1.09%

​

​

1.20%

​

​

0.98%

​

​

1.13%

Net interest margin (1)

​

​

3.13%

​

​

3.02%

​

​

3.06%

​

​

3.01%

​

​

2.84%

Net interest margin (taxable equivalent) (2):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As reported

​

​

3.15%

​

3.04%

​

​

3.09%

​

​

3.04%

​

​

2.86%

Impact of purchase accounting

​

4 bps

​

​

3 bps

​

​

2 bps

​

​

2 bps

​

​

4 bps

Book value per common share ($)

​

​

36.63

​

​

36.42

​

​

35.69

​

​

34.90

​

​

34.29

Shares outstanding, end of period (000's)

​

​

58,530

​

​

59,540

​

​

61,326

​

​

63,001

​

​

64,154

Dividend payout ratio (3)

​

​

31.25%

​

26.17%

​

​

24.41%

​

​

31.75%

​

​

27.62%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Banking Segment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest margin (1)

​

​

3.38%

​

​

3.29%

​

​

3.23%

​

​

3.16%

​

​

2.97%

Net interest margin (taxable equivalent) (2):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As reported

​

​

3.39%

​

​

3.29%

​

​

3.23%

​

​

3.17%

​

​

2.97%

Impact of purchase accounting

​

​

5 bps

​

​

4 bps

​

​

2 bps

​

​

3 bps

​

​

3 bps

Accretion of discount on loans ($000's)

​

​

1,260

​

​

961

​

​

572

​

​

588

​

​

1,045

Net recoveries (charge-offs) ($000's)

​

​

(4,305)

​

​

(11,455)

​

​

(282)

​

​

(896)

​

​

(4,257)

Return on average assets

​

​

1.17%

​

​

1.05%

​

​

1.34%

​

​

1.35%

​

​

0.96%

Fee income ratio

​

​

10.1%

​

​

11.0%

​

​

10.2%

​

​

11.1%

​

​

10.7%

Efficiency ratio

​

​

55.5%

​

​

54.1%

​

​

51.7%

​

​

55.4%

​

​

51.2%

Employees' compensation and benefits ($000's)

​

​

35,744

​

​

33,241

​

​

31,925

​

​

32,146

​

​

34,102

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Broker-Dealer Segment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net revenue ($000's) (4)

​

​

116,067

​

​

138,374

​

​

144,494

​

​

109,653

​

​

108,505

Employees' compensation and benefits ($000's)

​

​

71,272

​

​

83,361

​

​

86,997

​

​

73,493

​

​

68,064

Variable compensation expense ($000's)

​

​

36,469

​

​

49,635

​

​

50,756

​

​

36,172

​

​

33,283

Compensation as a % of net revenue

​

​

61.4%

​

​

60.2%

​

​

60.2%

​

​

67.0%

​

​

62.7%

Pre-tax margin (5)

​

​

12.7%

​

​

18.4%

​

​

18.3%

​

​

5.8%

​

​

8.5%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage Origination Segment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loan originations - volume ($000's):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Home purchases

​

​

1,428,157

​

​

1,918,395

​

​

2,027,568

​

​

2,168,690

​

​

1,528,560

Refinancings

​

​

600,569

​

​

511,960

​

​

269,136

​

​

263,829

​

​

213,781

Total mortgage loan originations - volume

​

​

2,028,726

​

​

2,430,355

​

​

2,296,704

​

​

2,432,519

​

​

1,742,341

Mortgage loan sales - volume ($000's)

​

​

2,021,018

​

​

2,180,088

​

​

2,220,126

​

​

2,135,291

​

​

1,744,555

Net gains from mortgage loan sales (basis points):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans sold to third parties (6)

​

​

248

​

​

236

​

​

226

​

​

223

​

​

222

Broker fee income (7)

​

​

13

​

​

14

​

​

13

​

​

10

​

​

10

Impact of loans retained by banking segment

​

​

(7)

​

​

(4)

​

​

(5)

​

​

(5)

​

​

(8)

As reported

​

​

254

​

​

246

​

​

234

​

​

228

​

​

224

Mortgage servicing rights asset ($000's) (8)

​

​

20,045

​

​

17,491

​

​

12,273

​

​

7,887

​

​

6,903

Employees' compensation and benefits ($000's)

​

​

55,087

​

​

59,657

​

​

60,036

​

​

62,214

​

​

53,339

Variable compensation expense ($000's)

​

​

28,723

​

​

34,275

​

​

32,665

​

​

34,975

​

​

24,832

(1) Net interest margin is defined as net interest income divided by average interest-earning assets.

(2) Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $1.0 million, $0.8 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.2 million, $0.1 million, $0.3 million, $0.1 million and $0.2 million, respectively, for the periods presented.

(3) Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share.

(4) Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income.

(5) Pre-tax margin is defined as income before income taxes divided by net revenue.

(6) Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 7, 8, 9, 7 and 17 basis points, respectively, for the periods presented.

(7) Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending.

(8) Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31,

​

December 31,

​

September 30,

​

June 30,

​

March 31,

Non-Performing Assets Portfolio Data

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Loans accounted for on a non-accrual basis ($000's):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-owner occupied

​

$

15,288

​

$

3,873

​

$

3,969

​

$

4,107

​

$

4,241

Owner occupied

​

​

10,218

​

​

5,617

​

​

7,119

​

​

6,429

​

​

6,535

Commercial and industrial

​

​

22,237

​

​

28,581

​

​

41,457

​

​

40,990

​

​

51,987

Construction and land development

​

​

844

​

​

1,010

​

​

1,007

​

​

3,667

​

​

3,256

1-4 family residential

​

​

12,419

​

​

14,367

​

​

14,701

​

​

17,550

​

​

15,458

Consumer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Broker-dealer

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Non-accrual loans ($000's)

​

$

61,006

​

$

53,448

​

$

68,253

​

$

72,743

​

$

81,477

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-accrual loans as a % of total loans

​

0.66%

​

0.58%

​

​

0.75%

​

​

0.80%

​

​

0.93%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned ($000's)

​

​

8,473

​

​

8,020

​

​

8,289

​

​

9,144

​

​

7,682

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other repossessed assets ($000's)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-performing assets ($000's)

​

​

69,479

​

​

61,468

​

​

76,542

​

​

81,887

​

​

89,159

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-performing assets as a % of total assets

​

​

0.44%

​

0.39%

​

​

0.49%

​

​

0.53%

​

​

0.56%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans past due 90 days or more and still accruing ($000's) (1)

​

​

40,155

​

​

33,811

​

​

28,388

​

​

28,378

​

​

24,145

(1) Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31,

​

​

​

2026

​

2025

​

​

​ ​ ​

Average

​ ​ ​

Interest

​ ​ ​

Annualized

​ ​ ​

Average

​ ​ ​

Interest

​ ​ ​

Annualized

​ ​ ​

​

​

Outstanding

​

Earned

​

Yield or

​

Outstanding

​

Earned

​

Yield or

​

Net Interest Margin (Taxable Equivalent) Details (1)

​

Balance

​

or Paid

​

Rate

​

Balance

​

or Paid

​

Rate

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-earning assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for sale

​

$

845,782

​

$

12,353

5.84

%

$

709,094

​

$

11,438

6.45

%

Loans held for investment, gross (2)

​

​

8,297,552

​

​

117,733

5.75

%

​

7,890,745

​

​

113,254

5.82

%

Investment securities - taxable

​

2,529,893

​

​

26,919

4.26

%

​

2,455,590

​

​

24,782

4.04

%

Investment securities - non-taxable (3)

​

356,410

​

​

3,797

4.26

%

​

321,128

​

​

3,253

4.05

%

Federal funds sold and securities purchased under agreements to resell

​

87,371

​

963

4.47

%

100,691

​

1,820

7.33

%

Interest-bearing deposits in other financial institutions

​

857,761

​

7,541

3.57

%

2,037,462

​

21,192

4.22

%

Securities borrowed

​

​

1,435,543

​

​

14,203

3.96

%

​

1,390,797

​

15,809

4.55

%

Other

​

119,239

​

1,557

5.30

%

117,155

​

1,891

6.55

%

Interest-earning assets, gross (3)

​

14,529,551

​

185,066

5.17

%

15,022,662

​

193,439

5.22

%

Allowance for credit losses

​

(91,822)

​

​

​

​

​

​

(100,704)

​

​

​

​

​

​

Interest-earning assets, net

​

14,437,729

​

​

​

​

​

​

14,921,958

​

​

​

​

​

​

Noninterest-earning assets

​

1,003,519

​

​

​

​

​

​

1,012,700

​

​

​

​

​

​

Total assets

​

$

15,441,248

​

​

​

​

​

​

$

15,934,658

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Stockholders' Equity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing deposits

​

$

7,881,301

​

$

48,325

2.49

%

$

8,186,423

​

$

60,051

2.97

%

Securities loaned

​

​

1,420,058

​

​

12,842

​

3.67

%

​

1,381,819

​

​

14,736

​

4.33

%

Notes payable and other borrowings

​

959,120

​

11,026

4.66

%

1,065,835

​

12,895

4.91

%

Total interest-bearing liabilities

​

10,260,479

​

72,193

2.85

%

10,634,077

​

87,682

3.34

%

Noninterest-bearing liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Noninterest-bearing deposits

​

2,728,216

​

​

​

​

​

​

2,696,247

​

​

​

​

​

​

Other liabilities

​

267,998

​

​

​

​

​

​

391,617

​

​

​

​

​

​

Total liabilities

​

13,256,693

​

​

​

​

​

​

13,721,941

​

​

​

​

​

​

Stockholders’ equity

​

2,155,173

​

​

​

​

​

​

2,184,937

​

​

​

​

​

​

Noncontrolling interest

​

29,382

​

​

​

​

​

​

27,780

​

​

​

​

​

​

Total liabilities and stockholders' equity

​

$

15,441,248

​

​

​

​

​

​

$

15,934,658

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest income (3)

​

​

​

​

$

112,873

​

​

​

​

​

​

$

105,757

​

​

​

Net interest spread (3)

​

​

​

​

​

​

2.32

%

​

​

​

​

​

1.88

%

Net interest margin (3)

​

​

​

​

​

​

3.15

%

​

​

​

​

​

2.86

%

​

​

​

​

(1) Information presented on a consolidated basis (dollars in thousands).

(2) Average balance includes non-accrual loans.

(3) Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively.

​

​

Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, April 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review first quarter 2026 financial results. Interested parties can access the conference call by dialing 800-715-9871 (Toll Free North America) or (+1) 646-307-1963 (International Toll) and then using the conference ID 4151629. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website (http://ir.hilltop.com).

​

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At March 31, 2026, Hilltop employed approximately 3,520 people and operated 303 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

​

FORWARD-LOOKING STATEMENTS

​

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated or implied in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our outlook, plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of our data security controls in the face of cyber-attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our banking, broker-dealer, and mortgage origination segments from other banks and financial institutions as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; and (xiii) our ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

​

Source: Hilltop Holdings Inc.

Filing Exhibits & Attachments

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