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Hilltop Holdings Inc (HTH)
NYSE:HTH
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.44Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -5.53%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. While there were notable achievements such as improved net income, growth in deposits, and strong performance in HilltopSecurities, there were significant challenges including compression in net interest margin, a pre-tax loss at PrimeLending, and a decline in average loans due to competition. The company also faces ongoing challenges in the mortgage segment and intense competition for deposits.Company Guidance
During the Hilltop Holdings Q3 2024 earnings call, the company provided detailed guidance on various metrics. Hilltop reported a net income of approximately $30 million, equating to $0.46 per diluted share, with a return on average assets of 0.8% and a return on average equity of 5.5%. PlainsCapital Bank generated $48 million in pre-tax income on $4.8 billion of average assets, a return on average assets of 1.14%, despite a $40 million decline in average loans. The bank's net interest margin compressed by 5 basis points to 3.05%, while average deposit balances rose by 1%, driven by core interest-bearing deposits. Hilltop's structured finance business saw a $4.4 million year-over-year revenue increase, while HilltopSecurities generated $17 million in pre-tax income on $124 million of net revenues. The common equity Tier 1 capital ratio was 20.5%, and the tangible book value per share increased by $0.94 to $29.29 from year-end 2023. The call highlighted the company's strategic focus on balancing deposit costs, managing net interest income, and adjusting its economic outlook, including changes to the allowance for credit losses and reliance on Moody's economic scenarios.Improved Net Income and Earnings Per Share
Hilltop reported net income of approximately $30 million or $0.46 per diluted share, showing favorable operating results from the banking and broker-dealer business units.
Growth in Average Deposit Balance
Average deposit balance increased by 1% during the quarter, driven by an increase in core interest-bearing deposits for the third straight quarter.
Positive Performance in HilltopSecurities
HilltopSecurities generated pre-tax income of $17 million on net revenues of $124 million, with a strong quarter from structured finance and wealth management business lines.
Robust Capital Levels
Maintained a common equity Tier 1 capital ratio of 20.5%, and tangible book value per share increased by $0.94 to $29.29.
Positive Credit Trends
Reversal of credit losses of $1.4 million due to positive credit migration and improvement in economic conditions.
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HTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $30.39 | $30.05 | -1.12% |
| Jul 25, 2024 | $34.44 | $33.80 | -1.86% |
| Apr 18, 2024 | $28.58 | $29.51 | +3.25% |
| Jan 25, 2024 | $33.24 | $32.76 | -1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hilltop Holdings Inc (HTH) report earnings?
Hilltop Holdings Inc (HTH) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Hilltop Holdings Inc (HTH) earnings time?
Hilltop Holdings Inc (HTH) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HTH EPS forecast?
HTH EPS forecast for the fiscal quarter 2024 (Q4) is $0.29.
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