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Hilltop Holdings Inc. (HTH), based in Dallas, Texas, is a prominent financial holding company primarily engaged in offering a wide range of banking and financial services. Through its principal subsidiary, PlainsCapital Bank, Hilltop Holdings delivers comprehensive business and consumer banking services across numerous offices in Texas. The bank is well-regarded for its customer-centric approach, providing tailored financial solutions to meet the needs of both individuals and businesses.
In addition to traditional banking, Hilltop Holdings operates in other financial sectors through its broker-dealer and mortgage origination segments. PrimeLending, a national mortgage originator, is a significant part of Hilltop's operations, contributing robustly to the company’s revenue stream by offering a variety of mortgage products to its clients. This multi-faceted approach allows Hilltop Holdings to maintain a diversified revenue base and service portfolio.
Hilltop Holdings is committed to maintaining solid financial health, which is reflected in its consistent performance and strategic acquisitions aimed at enhancing its market position. The company’s strong partnerships and customer-oriented services have helped it build a reputable standing in the financial services industry.
Recent achievements include expanding its geographical footprint and continuously updating its product offerings to cater to evolving market demands. Hilltop Holdings ensures it stays at the forefront of the financial industry by leveraging technology and innovation to provide efficient and secure banking solutions.
The company's latest news and developments can be found on financial news platforms, reflecting its ongoing commitment to transparency and shareholder value.
Hilltop Holdings (NYSE: HTH) announced that its merchant bank subsidiary, Hilltop Opportunity Partners, will sell its portfolio company Moser Energy Systems through Moser Holdings, to Atlas Energy Solutions. The transaction is valued at approximately $220 million, comprising $180 million in cash and roughly 1.7 million Atlas common shares (valued at $41 million as of January 24, 2025).
Hilltop Opportunity Partners holds a 30% stake in Moser Holdings, Atlas has the option to pay the entire consideration in cash instead of issuing shares. If shares are issued, Atlas retains the right to redeem them for cash after closing. The transaction, approved by both companies' boards, is expected to close in Q1 2025, subject to customary conditions.
Moser Energy Systems is a leading distributed power solutions provider. The acquisition aims to diversify Atlas's presence in high-growth end markets while strengthening its position in North American energy solutions.
Hilltop Holdings (NYSE: HTH) has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Friday, January 31, 2025, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford and CFO William B. Furr will present the financial results. Investors can join via phone at 800-549-8228 (North America) or +1-289-819-1520 (International) using conference ID 03956, or watch the simultaneous webcast on Hilltop's Investor Relations website.
KlaymanToskes, a national investment loss and securities law firm, is investigating barred financial advisor Rajesh Markan from Merrill Lynch (NYSE:BAC) and Hilltop Securities over alleged misappropriation of client funds. Multiple FINRA complaints totaling over $3,000,000 in damages have been filed. The firm has filed several arbitration claims, including one for $1,000,000 on behalf of two investors. Markan allegedly provided falsified investment reports and made false promises about Bain Capital investments. He was permanently barred by FINRA in October 2024 after resigning from Merrill Lynch in 2022 and working at Hilltop Securities until August 2024.
HilltopSecurities has appointed Ari Kavour as Executive Managing Director, Head of Structured Finance and Structured Products Group. Kavour, who brings 29 years of experience in mortgage trading, sales, and finance, will join the Executive Committee and report to CEO Brad Winges from the New York City office. His role focuses on expanding the firm's mortgage-backed sales and trading operations, as well as strengthening its New York presence. Kavour previously served as Head of Mortgage Finance at Wells Fargo and held senior positions at Goldman Sachs, Merrill Lynch, and Morgan Stanley.
Hilltop Holdings (NYSE: HTH) reported Q3 2024 income of $29.7 million, or $0.46 per diluted share, down from $37.0 million ($0.57 per share) in Q3 2023. The decline was attributed to lower net interest income in banking, partially offset by increased revenues in structured finance. The company's mortgage origination segment saw declines in noninterest income and expenses. Key metrics include: mortgage loan origination volume of $2.3 billion, total assets of $15.9 billion, and a quarterly cash dividend of $0.17 per share. The company maintained strong capital levels with a Tier 1 Leverage Ratio of 12.95% and Common Equity Tier 1 Capital Ratio of 20.48%.
Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, has announced its upcoming third quarter 2024 earnings conference call and webcast. The event is scheduled for Friday, October 25, 2024, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford, along with CFO William B. Furr, will review the company's financial results for the third quarter of 2024.
Interested parties can participate in the conference call by dialing 800-267-6316 (North America) or 203-518-9856 (International) and using the conference ID HH3Q24. Additionally, the event will be simultaneously webcast on Hilltop's Investor Relations website at http://ir.hilltop.com, providing multiple access options for stakeholders and interested individuals to stay informed about the company's financial performance.
PrimeLending, a leading national residential mortgage lender, has appointed Brian McKinney as Executive Vice President, Growth and Strategic Development. This newly created position is part of PrimeLending's strategic efforts to optimize business practices and explore new revenue opportunities to drive company growth.
McKinney brings over 30 years of leadership experience in financial services and retail mortgage lending, including his recent role as CEO of a national full-service mortgage lender. Steve Thompson, President and CEO of PrimeLending, expressed confidence in McKinney's ability to positively impact the company's future, citing his track record of building top-performing business lines in the mortgage industry.
McKinney expressed excitement about joining PrimeLending, praising the company's reputation for excellence and innovation. He also highlighted the stability and resources provided by PrimeLending's parent company, Hilltop Holdings.
HilltopSecurities is launching its 4th annual Hilltop Hunt on Oct. 5, 2024, World Teachers' Day. This virtual contest offers Texas K-12 educators a chance to win a share of over $50,000 in prizes. The online trivia game, featuring mascot Mo the Buffalo, runs from Oct. 5 to Oct. 23 at HilltopHunt.com.
Participants answer daily riddles about Mo's travels to Texas landmarks, with fewer guesses earning more entries. Five Gold Prize winners will receive a $10,000 donation to their chosen ISD Foundation and a pizza party for their class. Ten Silver Prize winners will win a class pizza party. The contest is open to all Texas K-12 teachers, with no purchase necessary.
HilltopSecurities has released the results of its 2024 Public Entity Survey, offering insights into the challenges and priorities of municipalities, school districts, and other public entities across the US. The survey, conducted from May to August, gathered responses from over 1,200 public sector employees and municipal market participants from all 50 states and DC.
Key findings include:
- Labor and staffing, along with aging infrastructure, were identified as the biggest challenges
- 75% of responses came from employees of cities, counties, and school districts
- The survey covered topics such as debt issuance priorities, remote work impact, and the importance of municipal bond tax-exemption
HilltopSecurities President and CEO Brad Winges emphasized the firm's commitment to assisting public entities and providing valuable insights to market participants. The company plans to expand this annual survey in future years.
Hilltop Holdings Inc. (NYSE: HTH) reported financial results for Q2 2024, with income to common stockholders of $20.3 million, or $0.31 per diluted share, compared to $18.1 million, or $0.28 per diluted share, in Q2 2023. Key highlights include:
- Provision for credit losses of $10.9 million
- Mortgage loan origination production volume of $2.4 billion
- Net gains from mortgage loans sold to third parties increased to 233 basis points
- Consolidated annualized return on average assets of 0.59%
- Book value per common share increased to $32.86
- Total assets of $15.6 billion
- Loans, net of allowance for credit losses, of $7.7 billion
- Total deposits of $10.4 billion
The company maintained strong capital levels with a Tier 1 Leverage Ratio of 12.87% and a Common Equity Tier 1 Capital Ratio of 19.45%.
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