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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 Inc. (NYSE: HTH) reported strong financial results for Q4 and full year 2020. Income from continuing operations for Q4 was $112.7 million ($1.30 per diluted share), rising from $43.7 million ($0.48 per diluted share) in Q4 2019. For the full year, income was $409.4 million ($4.58 per diluted share), up from $211.3 million ($2.29 per diluted share) in 2019. Key growth factors included an 88.9% increase in mortgage origination segment net gains and a 33% increase in quarterly dividend. A new $75 million stock repurchase program has been authorized, reflecting strong capital and liquidity.
Hilltop Securities Inc. has announced the hiring of Philip Villaluz as a desk analyst in its Capital Markets division in New York City. With over 29 years of investment industry experience, including 23 years in municipal bond credit analysis, Villaluz brings expertise across various sectors such as healthcare and project finance. He joins from Schroders, where he led municipal credit research. This addition is part of Hilltop's strategy to enhance its municipal commentary and credit analysis platform, emphasizing the firm's commitment to providing valuable market insights.
Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on January 29, 2021, at 8:00 AM Central to discuss its fourth quarter and full year 2020 financial results. President and CEO Jeremy B. Ford and CFO William B. Furr will provide insights into the company's performance. The call can be accessed domestically at 1-877-508-9457 or internationally at 1-412-317-0789, and will also be available via webcast on Hilltop's Investor Relations website.
HilltopSecurities has appointed Creig Veldhuizen as Managing Director in the Debt Capital Markets division in Denver. With over 25 years of experience, Veldhuizen aims to provide tailored financial solutions for clients in real estate and land development. Previously, he worked at Piper Sandler and Terra Causa Capital, focusing on capital markets. Veldhuizen expressed eagerness to enhance HilltopSecurities' investment banking services across Colorado. The firm continues to grow, following its mission of delivering comprehensive municipal finance solutions.
Hilltop Securities announced that Tom Kozlik, head of municipal strategy, was elected to Smith’s Research and Gradings’ 2020 Municipal Analysts All-Star First Team and Third Team in the sellside director of research category. This marks Kozlik's third consecutive year on the first team. He was recognized among over 360 analysts voted on by more than 1,000 institutional investors. HilltopSecurities has expanded its market analysis platform and added key analysts in 2020, enhancing its services in public finance and municipal investment.
Hilltop Securities recently announced the addition of Doug Nelson as a municipal credit analyst in its Fixed Income Capital Markets division in Encino, California. Nelson boasts 30 years of financial services experience, having previously managed investment portfolios at Waddell & Reed and held roles at Janus Capital Group and George K. Baum & Co. His expertise is expected to enhance HilltopSecurities' standing in municipal finance. Nelson holds a BBA from the University of Kansas and a Master of Science in Finance from the University of Colorado, and is a Chartered Financial Analyst (CFA) charterholder.
Hilltop Securities Inc. has welcomed seven new financial advisors to its Private Client Group and independent network, managing approximately $370 million in client assets. This move aims to strengthen HilltopSecurities' wealth management platforms amid economic uncertainties. Key hires include Michael Kane from BBVA Securities and other advisors from notable firms like Wells Fargo and UBS. HilltopSecurities, a subsidiary of Hilltop Holdings (NYSE: HTH), provides comprehensive financial services, focusing on public finance and retail brokerage.
Hilltop Securities recently appointed Ike Papadopoulos as Managing Director in its public finance division, focusing on expanding operations on the East Coast. Papadopoulos brings over 20 years of experience, having previously worked with B.C. Ziegler and Company and TD Securities. His background includes roles in public finance and educational facilities. Hilltop Securities aims to leverage his expertise to enhance its East Coast business presence. The firm is recognized as a premier municipal investment bank, offering tailored solutions to a variety of clients.
Hilltop Holdings Inc. (NYSE: HTH) has announced the completion of its modified "Dutch auction" tender offer, purchasing 8,058,947 shares of common stock at $24.00 per share, totaling approximately $193.4 million. This amount represents about 8.9% of the outstanding shares as of November 17, 2020. The tender offer, which was available until November 13, 2020, aimed to buy up to $350 million in stock. The company may consider future share repurchases depending on market conditions and other factors.
Hilltop Holdings (NYSE: HTH) announced preliminary results of its modified Dutch auction tender offer to purchase up to $350 million of its common stock. The offer price ranged from $21.00 to $24.00 per share and expired on November 13, 2020. Approximately 8,058,947 shares were tendered, with the company expecting to acquire shares at $24.00 each, totaling about $193.4 million. This represents approximately 8.9% of outstanding shares. Hilltop may further repurchase shares based on market conditions and other factors.
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