Why Hilltop Holdings Stock Is Up Today

The bank's diverse business was able to offset continued mortgage weakness.Texas lender Hilltop Holdings (HTH 3.82%) was able to offset continued weakness in the mortgage market with strong gains elsewhere, leading to an earnings beat for the first quarter, it reported Thursday. Investors are buying in, sending shares of Hilltop up about 5% as of noon ET Friday.Finding ways to offset mortgage weaknessHilltop earned $0.42 per share in the quarter, beating Wall Street's$0.25-per-share consensus estimate, des ...