Hilltop Holdings Q1 net income falls

Hilltop Holdings

23/04/2026 22:07

Overview

US financial holding company's Q1 net income declined yr/yr

Noninterest income dropped 11.7% while noninterest expense fell 1.3% yr/yr

Company repurchased $47.5 mln of shares in Q1 under its 2026 buyback program

Outlook

Hilltop says uncertain economic conditions expected to continue to adversely impact 2026 results

Company cites volatility in political environment, tariffs, and interest rates as key risks

Hilltop notes inflationary pressures and international conflicts may affect supply chains and performance

Result Drivers

BANKING SEGMENT - Loan and deposit growth and net interest margin expansion supported results at PlainsCapital Bank

MORTGAGE ORIGINATION - Higher origination volumes and expanded gain on sale margin reduced operating losses at PrimeLending

BROKER-DEALER PERFORMANCE - HilltopSecurities produced a 12.7% pre-tax margin on $116 mln of net revenues driven by relative strength across its business lines

Company press release: ID:nBw1Z7QPZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Income attributable to common stockholders
$37.84 mln
Q1 Net Interest Income
$112.10 mln
Q1 CET1 Capital Ratio
19.08%
Q1 Pretax Profit
$50.44 mln
Q1 Provision For Credit losses
-$1.80 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 6.5% above its April 22 closing price of $37.56

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)