Hilltop Holdings (HTH) Weak Asset Quality, Mortgage Volume Hurt

Hilltop Holdings Inc.’s (HTH) poor asset quality, weak Mortgage Origination segment performance and elevated expense base are major headwinds. Nonetheless, a sound balance sheet, high rates and restructuring initiatives offer support to some extent. HTH’s deteriorating asset quality is a concern. The company witnessed a provision benefit in the first quarter of 2024 after a significant rise in provision for credit losses in 2023 and 2022. Amid the ongoing tough economic backdrop, provisions are anticipated ...