Hilltop Holdings falls on lower Q1 profit, dour outlook

Hilltop Holdings

22/04/2022 16:54

** Shares of banking services provider  HTH.N  fall 7.5% to
$26.81 
    ** Late on Thursday, HTH reported Q1 net income fell nearly
82% year-on-year to $22.3 mln  urn:newsml:reuters.com:*:nBw5r9vVLa
    ** Co said rising interest rates and inflationary pressures
impacted results in the quarter
    ** Added that tight housing inventories and the impact of
the COVID-19 pandemic on financial markets could also affect
performance in 2022 
    ** The extent of the impact of the challenges for the
remainder of 2022 remains uncertain - HTH
    ** Stock down 23.7% YTD

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))