Welcome to our dedicated page for Hilltop Holdings news (Ticker: HTH), a resource for investors and traders seeking the latest updates and insights on Hilltop Holdings stock.
Hilltop Holdings Inc (HTH) delivers essential financial services through its dual focus on Texas community operations and institutional investment solutions. This news hub provides investors with verified updates about both business segments, including banking developments at PlainsCapital Bank and market-moving announcements from Hilltop Securities.
Access timely reports on quarterly earnings, regulatory filings, leadership changes, and strategic initiatives. Our curated collection features SEC disclosures, merger/acquisition alerts, and analysis of operational milestones impacting HTH's mortgage origination and securities brokerage divisions.
Key updates include dividend declarations, asset portfolio changes, and service expansions across Texas markets. Bookmark this page for streamlined tracking of HTH's financial performance indicators and compliance-related developments in both banking and capital markets operations.
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%.
Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, has announced its upcoming second quarter 2024 earnings conference call and webcast. The event is scheduled for Friday, July 26, 2024, at 8:00 AM Central (9:00 AM Eastern). President and CEO Jeremy B. Ford and CFO William B. Furr will lead the call, reviewing the company's financial results for Q2 2024.
Interested parties can join the conference call by dialing 800-245-3047 (North America) or 203-518-9765 (International), using the conference ID HH2Q24. Additionally, a simultaneous webcast will be available on Hilltop's Investor Relations website at http://ir.hilltop.com.
PrimeLending, a national residential lender, has introduced Loan Lift, an innovative mortgage underwriting process designed to enhance borrowers' credit eligibility assessment. This new approach captures positive financial behaviors, such as consistent rent payments, potentially leading to better loan terms and expanded lending options.
Loan Lift combines advanced technology with PrimeLending's extensive range of over 400 mortgage programs and experienced mortgage experts. The process includes comprehensive data collection, digital verification through PointServ, and a customer-focused service philosophy. By considering a wider range of financial activities, including shared bill payments and positive cash flow transactions, Loan Lift aims to provide a more holistic view of a borrower's financial health.
PrimeLending, a subsidiary of Hilltop Holdings (NYSE: HTH), has introduced a new home equity loan product designed to provide homeowners with financial flexibility. This loan enables homeowners to convert their home equity into cash, which can be used for a variety of purposes such as consolidating high-interest debt, covering expenses, or managing personal finances.
According to the Federal Reserve Bank of New York, the average credit card balance has increased by 10% year-over-year, reaching $1.129 trillion in Q4 2023, with an average APR of 21.19%. In contrast, homeowners have nearly $30 trillion in home equity, as reported by the Federal Reserve Bank of St. Louis. The new loan product aims to leverage this equity, offering a fixed-rate repayment over a 30-year term.
PrimeLending emphasizes its customer-centric approach, boasting a 96% customer satisfaction rating for 2023. The company serves customers across all 50 states, providing a range of mortgage and home equity solutions.
HilltopSecurities has appointed Chris Long as Managing Director and Head of Public Finance Investment Grade Underwriting Origination based in New York. Long, who has over 25 years of municipal securities experience, will oversee hiring and national banking outreach for underwriting origination and will report to Co-Head of Public Finance Mike Bartolotta. Long's previous roles include Head of the Municipal Products Group at U.S. Bancorp Investments and positions at Janney Montgomery Scott and UBS Investment Bank. This strategic hire aims to support HilltopSecurities' efforts in expanding its municipal underwriting business nationwide.
HilltopSecurities has appointed Mat Parker as Managing Director and Head of HilltopSecurities Bank Solutions in Memphis, TN. Parker brings over 30 years of experience, including key roles at Raymond James and FHN Financial. HilltopSecurities, a leading municipal investment bank, aims to expand its Public Finance and Fixed Income Capital Markets businesses, having made over 20 new hires in 2024. Parker will focus on providing solutions for community and regional banks, reporting directly to President and CEO Brad Winges. The firm emphasizes customer service, client relationships, and customizable financial solutions.
PrimeLending, a PlainsCapital Company, has inaugurated a new production office in Plano, Texas. The ribbon-cutting ceremony, attended by Plano Mayor John Muns, marks the relocation of four Dallas-based branches and 47 loan originators to the new shared location at 8560 Belleview Drive.
The new hub is designed with innovative technology and flexible workforce features to enhance service delivery. PrimeLending's corporate headquarters will remain at 18111 Preston Road, North Dallas.
PrimeLending has earned national and local accolades, ranking 7th on the 2024 USA Today Top Workplaces USA list and 7th on the 2023 Dallas Morning News Top 100 Places to Work. The company has also received recognitions from Fortune Magazine for its workplace culture.
Hilltop Securities has announced the addition of several key hires to its public finance team. The new recruits include Gary Garay as Managing Director and Head of Municipal Housing Banking in Miami, Tania Askins as Managing Director in Dallas, Sabaa Modi as Senior Vice President in Austin, and Connor Benoit as Senior Vice President in Charlotte. Garay, who brings 20 years of experience in housing bonds, will focus on expanding the firm's role in housing finance. Askins, with two decades of infrastructure finance experience, Modi, and Benoit, each add nearly a decade of public finance banking experience. HilltopSecurities aims to continue its expansion, having added over a dozen experienced bankers in 2024 alone.
Le’ann Ardoyno, Branch Manager at PrimeLending Abilene, named a 2024 HousingWire Rising Star for her leadership in the mortgage and real estate industry. Recognized for professional achievements and contributions to housing economy and communities served.
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