Hilltop Holdings Reports Robust 2024 Financial Performance

Hilltop ( (HTH) ) has released its Q4 earnings. Here is a breakdown of the information Hilltop presented to its investors.

Hilltop Holdings Inc., headquartered in Dallas, operates as a financial holding company offering banking services through PlainsCapital Bank, residential mortgage lending via PrimeLending, and securities brokerage and investment banking through Hilltop Securities Inc. and Momentum Independent Network Inc. Hilltop Holdings recently reported its financial performance for both the fourth quarter and full year of 2024, showcasing a year-over-year increase in income to common stockholders, driven by various segment performances.

In the fourth quarter of 2024, Hilltop reported income to common stockholders of $35.5 million, or $0.55 per diluted share, showing a rise from $28.7 million, or $0.44 per diluted share, in the same quarter of the previous year. For the entire year, the company achieved earnings of $113.2 million, or $1.74 per diluted share, compared to $109.6 million, or $1.69 per diluted share, in 2023. Noteworthy highlights include increased net interest income, a reversal of credit losses, and a 6% increase in quarterly cash dividends to $0.18 per share.

Key metrics contributing to Hilltop’s financial outcome include a 9.3% growth in noninterest income and a 4.7% increase in noninterest expenses for the fourth quarter. The broker-dealer segment benefited from market tailwinds, achieving a pre-tax margin of 16%, while PrimeLending boosted its mortgage origination volume by 24% year-over-year. The company also authorized a $100 million stock repurchase program and redeemed $150 million of its 5% senior notes.

Looking ahead, Hilltop Holdings intends to maintain its focus on preserving its balance sheet while executing its strategic initiatives to enhance franchise value. With economic uncertainties looming, the company remains attentive to economic developments and their potential impacts on its operations in 2025.