Corrected: Hilltop Holdings Q2 net income edges up

Hilltop Holdings

23/07/2026 21:57

Corrects table to specify pretax loss was only for the PrimeLending segment, and fixes figure to $2.0 million from $2.4 billion

    

    Overview
  
U.S. financial holding company reported Q2 net income up slightly, with diluted EPS rising yr/yr
Company raised quarterly dividend by 10% and repurchased $47 mln in shares in Q2
Mortgage origination unit posted pre-tax loss as higher rates subdued summer homebuying

    

    Outlook
  
Company expects adverse impacts on results from economic uncertainty and market volatility for remainder of 2026
Hilltop says it will focus on executing strategic priorities and prudent capital management in H2 2026

    

    Result Drivers
  
BANKING SEGMENT - PlainsCapital Bank benefited from core loan growth and higher net interest margin, supporting pre-tax income
MORTGAGE HEADWINDS - PrimeLending posted a pre-tax loss as higher mortgage rates led to a subdued start to the summer homebuying season
STRONG WEALTH & STRUCTURED FINANCE - HilltopSecurities' results were driven by strong quarters in Wealth Management and Structured Finance

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 PrimeLending Pretax Loss
 
$2.0 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Hilltop Holdings Inc is $40.00, about 4.9% above its July 22 closing price of $38.14
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

    

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July 22 - US 30-year mortgage hits 11-month high, MBA says

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)