Hilltop Holdings (HTH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Hilltop Holdings reported revenue of $305.49 million for Q3 2024, a decrease of 2.2% year-over-year, but exceeded the Zacks Consensus Estimate by 1.06% [1] - Earnings per share (EPS) for the quarter was $0.46, down from $0.57 in the same quarter last year, with a surprise of 17.95% over the consensus estimate of $0.39 [1] Financial Performance Metrics - Average Outstanding Balance - Interest-earning assets, gross: $14.68 billion, slightly above the estimated $14.63 billion [1] - Net Interest Margin: 3.1%, exceeding the average estimate of 2.9% [1] - Non-Performing Assets: $94.34 million, better than the estimated $96.75 million [1] - Efficiency Ratio: 55.2%, significantly lower than the average estimate of 86.1% [1] - Non-Performing Loans: $91.19 million, slightly below the estimated $91.86 million [1] - Net Interest Income (FTE): $105.62 million, below the estimate of $107.45 million [1] - Total Noninterest Income: $200.44 million, above the estimated $195.44 million [1] - Net Interest Income: $105.04 million, below the estimate of $106.85 million [1] - Mortgage loan origination fees: $32.12 million, below the estimate of $35.10 million [1] - Securities commissions and fees: $30.43 million, below the estimate of $42.11 million [1] - Investment and securities advisory fees and commissions: $42.22 million, above the estimate of $34.68 million [1] - Net gains from sale of loans and other mortgage production income: $47.82 million, below the estimate of $51.26 million [1] Stock Performance - Hilltop Holdings shares have returned -2.9% over the past month, contrasting with the Zacks S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [2]