分组1 - Hilltop Holdings reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, and showing an increase from $0.55 per share a year ago, resulting in an earnings surprise of +50.00% [1] - The company achieved revenues of $329.89 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 8.93%, and up from $301.07 million year-over-year [2] - Hilltop Holdings has outperformed the S&P 500 with a share price increase of about 7.3% since the beginning of the year, compared to the S&P 500's gain of 1.9% [3] 分组2 - The earnings outlook for Hilltop Holdings is positive, with current consensus EPS estimates of $0.51 for the coming quarter and $2.16 for the current fiscal year, alongside expected revenues of $309.93 million and $1.27 billion respectively [7] - The Zacks Industry Rank for Banks - Southeast, to which Hilltop Holdings belongs, is currently in the top 18% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Core Insights - Hilltop Holdings Inc. reported a strong financial performance for the fourth quarter and full year 2025, with income attributable to common stockholders reaching $41.6 million, or $0.69 per diluted share, compared to $35.5 million, or $0.55 per diluted share, in the same quarter of 2024 [1] - For the full year 2025, income attributable to common stockholders was $165.6 million, or $2.64 per diluted share, up from $113.2 million, or $1.74 per diluted share, in 2024 [1] - The company declared a quarterly cash dividend of $0.20 per common share, marking an 11% increase from the previous quarter [1] Financial Performance - The provision for credit losses in Q4 2025 was $7.8 million, compared to a reversal of credit losses of $2.5 million in Q3 2025 and a reversal of $5.9 million in Q4 2024 [1] - Net gains from the sale of loans and other mortgage production income increased to $76.2 million in Q4 2025, a 3.4% rise from $73.7 million in Q4 2024 [1] - Mortgage loan origination production volume was $2.4 billion in Q4 2025, compared to $2.3 billion in Q4 2024 [1] Capital Management - Hilltop's Board of Directors authorized a new stock repurchase program allowing for the repurchase of up to $125 million of outstanding common stock through January 2027 [1] - In Q4 2025, the company repurchased 1,799,995 shares for $60.8 million at an average price of $33.77 per share [1] - Total stockholder equity at the end of 2025 was $2.2 billion, with a book value per common share of $36.42 [2] Segment Performance - PlainsCapital Bank showed healthy core loan and deposit growth, achieving a return on average assets of 1.17% [1] - PrimeLending reduced pre-tax losses by 48% despite a challenging home-buying market, indicating operational efficiency improvements [1] - HilltopSecurities generated $501 million in net revenue with a pre-tax margin of 13.5%, benefiting from strong performance in Structured Finance, Wealth Management, and Public Finance [1] Tax and Regulatory Insights - The effective tax rate for Q4 2025 was 19.2%, lower than the 14.2% in Q4 2024, primarily due to investments in tax-exempt instruments and state refund claims [1] - Total deposits at December 31, 2025, included approximately $5.9 billion in estimated uninsured deposits, representing about 54% of total deposits [1]

Financial Performance - Hilltop Holdings reported Q4 2025 income attributable to common stockholders of $41.6 million, or $0.69 per diluted share, a 17.2% increase from $35.5 million, or $0.55 per diluted share, in Q4 2024[1]. - For the full year 2025, income attributable to common stockholders was $165.6 million, or $2.64 per diluted share, compared to $113.2 million, or $1.74 per diluted share, in 2024, representing a 46.3% increase[1]. - Net income for Q4 2025 was $42.9 million, compared to $46.7 million in Q3 2025, representing a decline of 8.0%[10]. - Earnings per share (EPS) for Q4 2025 was $0.69, unchanged from Q3 2025[10]. - Return on average stockholders' equity for Q4 2025 was 7.60%, up from 6.50% in Q4 2024[12]. Dividends and Stock Repurchase - The Board declared a quarterly cash dividend of $0.20 per common share, an 11% increase from the prior quarter, payable on February 27, 2026[2]. - Hilltop repurchased $60.8 million worth of common stock in Q4 2025, averaging $33.77 per share, and a total of $184.0 million for the year, averaging $32.26 per share[2]. - The company declared cash dividends of $0.18 per common share for Q4 2025, consistent with Q3 2025[10]. - The dividend payout ratio for Q4 2025 was 26.17%, compared to 31.08% in Q4 2024[12]. Asset and Liability Management - Hilltop's total assets grew to $15.8 billion at December 31, 2025, up from $15.6 billion at September 30, 2025[8]. - Total assets decreased to $15.65 billion in Q4 2025 from $16.32 billion in Q4 2024[18]. - Total capital to risk-weighted assets for Hilltop was 22.20% as of December 31, 2025, a decrease from 22.90% in September 2025[11]. - Interest-bearing deposits rose to $7,960,778 thousand in 2025, with an interest expense of $228,275 thousand, compared to $7,822,536 thousand and $275,291 thousand in 2024, showing a shift in cost structure[19]. Income and Expenses - Noninterest income for Q4 2025 was $217.4 million, an 11.1% increase from $195.6 million in Q4 2024[8]. - Total noninterest expense was $268.9 million, a decrease of 1.1% compared to $271.9 million in Q3 2025[10]. - Net interest income after provision for credit losses was $104.7 million, down from $114.9 million in Q3 2025, reflecting a decrease of 9.1%[10]. - Noninterest income totaled $217.4 million, slightly down from $217.8 million in Q3 2025, indicating a marginal decline of 0.2%[10]. Credit Quality and Provisions - The provision for credit losses in Q4 2025 was $7.8 million, compared to a reversal of $5.9 million in Q4 2024, indicating a shift in credit quality[5]. - The provision for credit losses was $7.8 million, compared to a reversal of $2.5 million in Q3 2025, indicating a significant shift in credit quality[10]. - The allowance for credit losses improved to $99,869 thousand in 2025 from $110,123 thousand in 2024, indicating better credit quality management[19]. - Non-performing assets as a percentage of total assets decreased to 0.39% in Q4 2025 from 0.56% in Q4 2024[17]. Operational Metrics - Hilltop's Tier 1 capital ratio was 12.78% as of December 31, 2025, down from 13.13% in September 2025[11]. - The efficiency ratio improved to 54.1% in Q4 2025, down from 57.8% in Q4 2024[12]. - Total mortgage loan originations reached $2.43 billion in Q4 2025, an increase from $2.25 billion in Q4 2024[12]. - Net revenue for the Broker-Dealer Segment was $138.37 million in Q4 2025, up from $126.37 million in Q4 2024[12]. Future Outlook and Strategic Plans - Hilltop Holdings plans to continue expanding its business and consumer banking services through PlainsCapital Bank and its mortgage lending subsidiary, PrimeLending[22]. - The company will host a conference call on January 30, 2026, to discuss its fourth quarter and full year 2025 financial results, indicating transparency and engagement with stakeholders[21]. - Forward-looking statements highlight potential risks including credit risks, changes in interest rates, and competition in the financial services industry, which could impact future performance[23].

Company Performance - Hilltop Holdings (HTH) has seen a stock increase of 6.3% over the past month, reaching a new 52-week high of $37.04 [1] - Year-to-date, the stock has gained 8.6%, compared to a 17.4% gain for the Zacks Finance sector and a 10.6% return for the Zacks Banks - Southeast industry [1] Earnings and Forecast - The company has a strong record of positive earnings surprises, not missing earnings consensus estimates in the last four quarters [2] - In the latest earnings report on October 23, 2025, Hilltop Holdings reported an EPS of $0.74, exceeding the consensus estimate of $0.49 [2] - For the current fiscal year, earnings are expected to be $2.16 per share on revenues of $1.24 billion, with a year-over-year change of 12.01% [3] - For the next fiscal year, earnings are projected to be $2.39 per share on revenues of $1.27 billion, reflecting a year-over-year change of 2.01% [3] Valuation Metrics - Hilltop Holdings trades at 17.1 times current fiscal year EPS estimates, which is a premium compared to the peer industry average of 11.2 times [7] - On a trailing cash flow basis, the stock trades at 18 times versus the peer group's average of 12.2 times, positioning it favorably for value investors [7] Zacks Rank and Style Scores - The company holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, making it a suitable choice for investors [8] - Hilltop Holdings has a Value Score of A, a Growth Score of C, and a Momentum Score of A, resulting in a combined VGM Score of A [6] Industry Comparison - The Banks - Southeast industry is performing well, ranking in the top 32% of all industries, providing favorable conditions for both Hilltop Holdings and its peer, HomeTrust Bancshares, Inc. [11] - HomeTrust Bancshares, Inc. has a Zacks Rank of 2 (Buy) and is expected to post earnings of $3.58 per share on revenues of $212.85 million for the current fiscal year [10]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Hilltop Holdings (HTH) - Hilltop Holdings currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - HTH shares have increased by 2.12% over the past week, outperforming the Zacks Banks - Southeast industry, which rose by 0.95% [5] - Over the past month, HTH's price change is 2.08%, compared to the industry's 0.65% [5] - In the last quarter, HTH shares have risen by 9.57%, and over the past year, they have gained 22.29%, while the S&P 500 has only moved 1.25% and 14.72%, respectively [6] Trading Volume - HTH's average 20-day trading volume is 179,266 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for HTH has increased, raising the consensus estimate from $1.90 to $1.93 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends and earnings outlook, HTH is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Company Overview - Hilltop Holdings Inc. is a Dallas-based financial holding company primarily engaged in providing business and consumer banking services through PlainsCapital Bank [3] - The company also offers residential mortgage lending via its subsidiary PrimeLending, operating throughout the United States [3] - Hilltop's broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a range of securities brokerage, institutional and investment banking services, along with clearing services and retail financial advisory [3] - As of December 31, 2025, Hilltop employed approximately 3,570 people and operated 306 locations across 47 states [3] - Hilltop Holdings' common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol "HTH" [3] Upcoming Financial Results - Hilltop Holdings will host a live webcast and conference call on January 30, 2026, at 8:00 AM Central (9:00 AM Eastern) to review its fourth quarter and full year 2025 financial results [1] - The conference call can be accessed by dialing 800-549-8228 (Toll Free North America) or (+1) 289-819-1520 (International Toll) using conference ID 55871 [2] - The conference call will also be webcast simultaneously on Hilltop's Investor Relations website [2]

Core Insights - The U.S. stock market starts the new year with confidence, supported by easing inflation, a steady economy, and expectations of lower interest rates over time, alongside the influence of artificial intelligence [1] Economic Environment - Recent data shows mixed but encouraging signs, with factory activity performing better than expected while housing shows signs of cooling; earnings season is ramping up, focusing on company-level performance [2] - Trade headlines and tariff threats have introduced short-term pressures, but markets typically overlook near-term volatility to focus on future prospects [2] Investment Strategy - Relative price strength is crucial; stocks that are already outperforming the broader market tend to continue leading, making them attractive for investors [3] - Companies such as Micron Technology (MU), Hilltop Holdings (HTH), Casey's General Stores (CASY), Agnico Eagle Mines (AEM), and Dollar General (DG) are recommended for consideration due to their strong performance [3] Stock Selection Criteria - Investors should evaluate stocks based on earnings growth and valuation multiples, while also considering their performance relative to industry peers or benchmarks [4] - Underperforming stocks should be avoided, while those showing strong relative price performance are more likely to yield significant returns [5] Performance Metrics - Stocks that have outperformed the S&P 500 over the past 1, 4, and 12 weeks, along with positive earnings estimate revisions for the current quarter, indicate potential for growth [6][9] - The screening parameters include relative price changes over different time frames and positive earnings estimate revisions, focusing on stocks with a Zacks Rank of 1 (Strong Buy) [8][10] Company Highlights - **Micron Technology (MU)**: Expected earnings growth of 297.5% for fiscal 2026, with shares gaining 243% in a year and a market cap over $400 billion [11][12] - **Hilltop Holdings (HTH)**: Projected EPS growth of 11.3% year-over-year for 2026, with shares up 24% in a year [12][13] - **Casey's General Stores (CASY)**: Anticipated EPS growth of 18.8% for fiscal 2026, with shares increasing by 64% in a year [14][15] - **Agnico Eagle Mines (AEM)**: Market cap nearly $100 billion, with shares more than doubling in a year and a projected earnings growth of 9.1% for 2026 [16][17] - **Dollar General (DG)**: Market cap nearly $33 billion, with shares gaining 117% in a year and a projected earnings growth of 5.4% for 2026 [17][18]

Core Insights - The article emphasizes the importance of continuous learning and engagement within the investing community, highlighting the author's journey in finance and investment strategies [1]. Group 1 - The author is currently a finance student at York University, focusing on building a strong foundation in financial markets and investment strategies [1]. - The motivation behind writing for Seeking Alpha is to share insights and analyses with a broader audience, contributing valuable content to the investing community [1]. - The author expresses excitement about sharing experiences and helping others grow as investors [1].

Core Insights - The article emphasizes the importance of continuous learning and engagement in the finance and investment community [1] Group 1 - The individual is currently a finance student at York University, focusing on financial markets and investment strategies [1] - There is a strong motivation to share insights and analyses with a broader audience through writing for Seeking Alpha [1] - The goal is to contribute valuable content and refine investment strategies while helping others in the investing community [1]

Financial Performance - Net interest income for Q3 2025 was $112.4 million, an increase of 6.4% from $105.0 million in Q3 2024[278] - Total noninterest income for Q3 2025 reached $217.8 million, up 8.5% from $200.4 million in Q3 2024[278] - Net income attributable to Hilltop for Q3 2025 was $45.8 million, a 54.1% increase compared to $29.7 million in Q3 2024[278] - Diluted earnings per common share for Q3 2025 were $0.74, compared to $0.46 in Q3 2024, reflecting a 60.9% increase[278] - Total noninterest income for Q3 2025 was $76.6 million, a decline of 4.2% from $79.9 million in Q3 2024[416] - Noninterest income for the nine months ended September 30, 2025, was $45.8 million, an increase of $29.1 million compared to $16.7 million in 2024[441] Assets and Equity - Total assets as of September 30, 2025, were $15.6 billion, down from $16.3 billion at the end of 2024[278] - The common equity to assets ratio improved to 14.02% as of September 30, 2025, compared to 13.46% at the end of 2024[278] - The tangible common equity to tangible assets ratio was 12.49% as of September 30, 2025, up from 11.98% at the end of 2024[278] - Total assets decreased to $15,605,050 thousand in September 2025 from $16,268,129 thousand in December 2024, a decline of 4.1%[285] - The equity to assets ratio improved to 14.02% in September 2025 compared to 13.46% in December 2024[285] - The allowance for credit losses was $95.2 million as of September 30, 2025, compared to $101.1 million at December 31, 2024, indicating improved credit quality[462] Dividends and Stock Repurchase - The company declared total common dividends of $34.4 million during the nine months ended September 30, 2025, with a quarterly cash dividend of $0.18 per share declared on October 23, 2025[280] - The stock repurchase program was increased to $185.0 million, with $123.2 million spent to repurchase 3,905,210 shares at an average price of $31.56 per share[281] Segment Performance - The banking segment contributed $54.7 million to income before income taxes in Q3 2025, while the mortgage origination segment incurred a loss of $7.2 million[283] - The mortgage origination segment reported a loss before income taxes of $7.234 million for the three months ended September 30, 2025, an improvement from a loss of $8.718 million in the same period of 2024[397] - Total net revenue for the broker-dealer segment increased by $20.236 million to $144.494 million for the three months ended September 30, 2025, compared to the same period in 2024[381] - The broker-dealer segment's total noninterest income increased by $19.983 million to $131.832 million for the three months ended September 30, 2025[382] Interest Income and Expenses - The net interest margin for the three months ended September 30, 2025, was 3.06%, up from 2.84% in 2024[326] - The average yield on loans held for investment was 5.95% for the three months ended September 30, 2025, down from 6.19% in 2024[335] - The total interest-bearing liabilities for the nine months ended September 30, 2025, were $10,347,747 thousand, with an annualized interest expense of $262,062 thousand[336] - The average yield on interest-earning assets decreased by 37 basis points to 5.29% for the nine months ended September 30, 2025[368] Economic Outlook and Risks - Economic uncertainties, including interest rate changes and inflation, are anticipated to adversely impact operating results for the remainder of 2025[302] - The company expects an increase in the effective income tax rate due to the disallowance of certain business expenses under new tax legislation signed on July 4, 2025[291] Loan Performance - Loans held for investment, gross, amounted to $7,773,525 million in Q3 2025, with an annualized yield of 5.85%, down from $7,698,935 million and 6.07% in Q3 2024[1] - The banking segment's loan portfolio included warehouse lines of credit extended to PrimeLending totaling $1.3 billion, with $796.5 million drawn as of September 30, 2025[462] - The mortgage origination segment's total loan origination volume is a key performance measure, essential for generating income through mortgage loan sales and related fees[410] Noninterest Expenses - Noninterest expense decreased by $1,779 thousand during the three months ended September 30, 2025, totaling $55,778 thousand compared to $57,557 thousand in 2024, and decreased by $4,593 thousand for the nine months[343] - Noninterest expenses for the three months ended September 30, 2025, were $16.7 million, an increase of $1.0 million compared to $15.6 million in 2024[441] Capital Ratios - The common equity Tier 1 risk-based capital ratio at the end of the period was 20.33% for the nine months ended September 30, 2025, down from 20.48% in 2024[326] - The common equity Tier 1 risk-based capital ratio is defined as common equity Tier 1 risk-based capital divided by risk-weighted assets[330]