Hilltop Holdings Q3 net income, EPS fall on higher credit loss provisions

Hilltop Holdings

22/10/2026 21:43

Overview
US regional bank's Q3 net income and EPS declined yr/yr amid higher credit loss provisions
Company repurchased $20 mln of stock during Q3 under 2026 buyback program
Rising interest rates and market volatility weighed on mortgage and interest rate-sensitive businesses

Outlook
Company expects adverse impact on operating results to continue for remainder of 2026 due to economic conditions
Hilltop cites uncertainty from political environment, tariffs, and interest rates as factors for 2026 outlook

Result Drivers
NET INTEREST MARGIN - PlainsCapital Bank saw net interest margin expansion and earning asset growth, partially offset by higher credit loss provisions
MORTGAGE RATE IMPACT - PrimeLending's results were negatively affected by rising mortgage rates, which reduced purchase activity and loan values
PUBLIC FINANCE & WEALTH MANAGEMENT - HilltopSecurities' Public Finance Services and Wealth Management business lines drove segment profitability

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.44
 
Q3 PrimeLending Pretax Loss
 
$11 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "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 $41.00, about 12.3% above its October 21 closing price of $36.50
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Oct 20 - Synchrony Financial's Q3 net earnings fall 17%
Oct 20 - Ally Financial Q3 adjusted revenue beats estimates
Oct 20 - Northrop Grumman Q3 revenue slightly misses; lifts 2026 profit guidance on strong demand

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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.)