Increase in Consolidated Pretax Income
Hilltop Holdings reported an increase in consolidated pretax income year-over-year despite volatility in both short and long-term interest rates.
Core Deposit Growth
Hilltop experienced growth in core deposits at PlainsCapital Bank, enhancing liquidity by returning non-core excess funding.
HilltopSecurities Performance
HilltopSecurities generated $20 million in pretax income on $125 million of net revenues, with significant growth in Public Finance Services (32% increase in net revenues) and Structured Finance (increased by $9 million year-over-year).
Strong Capital Levels
Hilltop maintains a strong capital position with a common equity Tier 1 capital ratio of 21% and an increase in tangible book value per share by $1.14 to $29.49 from year-end 2023.
Positive Credit Migration
Provision for credit losses recaptured $5.7 million due to positive migration in the loan portfolio and improved economic conditions.