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$0.46, down from $0.57 in the same quarter last year, with a surprise of 17.95$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]