HILLTOP HOLDINGS INC. - HTH STOCK NEWS

Hilltop Holdings (HTH) reported a net income of $25.8 million, or $0.40 per diluted share for Q1 2023, up from $22.3 million or $0.28 in Q1 2022. Significant decreases in mortgage origination income contributed to a 51.9% decline in net gains from sale of loans year-over-year, totaling $68.7 million. The company declared a quarterly cash dividend of $0.16 per share, payable May 25, 2023. Total assets grew to $17.0 billion, with a consolidated return on average assets of 0.69% and return on average equity reaching 5.12%. Noninterest income decreased by 24.9% to $162.5 million, while noninterest expenses fell by 12.5% to $250.5 million. The provision for credit losses was $2.3 million, showing a decrease from the $3.6 million recorded in the previous quarter.

Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based financial holding company, will host a live webcast and conference call on April 21, 2023, at 8:00 AM Central to discuss its first quarter 2023 financial results. Hilltop President and CEO Jeremy B. Ford, along with CFO William B. Furr, will present details on the company's performance.

Interested parties can join the call by dialing access numbers provided or through Hilltop's Investor Relations website. As of March 31, 2023, Hilltop employed approximately 4,100 people and operated around 355 locations in 47 states, primarily through PlainsCapital Bank and its subsidiaries.

PrimeLending announces the launch of a new reverse mortgage product aimed at homeowners aged 62 and older, allowing them to leverage their home equity as income during retirement. This innovative financing option offers flexibility, enabling customers to choose between a lump sum, monthly payments, or a line of credit without needing to sell their homes. CEO Steve Thompson emphasized the commitment to providing customers with valuable financial solutions, enhancing their financial stability. Interested homeowners can find more information about this offering on the PrimeLending website.

PrimeLending and SimpliSafe have announced a strategic partnership aimed at providing first-time homebuyers with enhanced home security. Eligible customers financing their mortgage through PrimeLending will receive a complimentary 7-piece SimpliSafe home security system, which includes an HD camera and motion sensors, along with two months of comprehensive monitoring. This initiative is designed to offer peace of mind during the significant transition of homeownership. The partnership emphasizes the commitment of both companies to ensure customer safety and satisfaction, underlining PrimeLending's strong customer service reputation with a 96% satisfaction rating.

PrimeLending promotes Kim Dybvad to Vice President, Area Manager for the Mid-America region, overseeing loan origination in Ohio, Indiana, Illinois, Kentucky, Michigan, and Wisconsin. Dybvad has over 30 years of industry experience, having previously managed a branch in Dayton, Ohio, and served as President of the Ohio Mortgage Bankers Association in 2020. Her management skills have received accolades for fostering high energy and achieving loan production goals.

PrimeLending, part of Hilltop Holdings Inc. (NYSE: HTH), has maintained a 96% customer satisfaction rating, showcasing its commitment to customer service in home lending.

PrimeLending, a leading national residential mortgage lender and part of PlainsCapital Company, is the official sponsor of the Dallas Open, taking place from February 4-12, 2023. This ATP 250 event, featuring top players like Taylor Fritz and Frances Tiafoe, showcases over 60 professionals at the Styslinger/Altec Tennis Complex. PrimeLending's involvement emphasizes their commitment to community engagement in Dallas, where they are headquartered. The tournament, the only ATP indoor championship in the U.S., aims to integrate local partnerships and enhance the Dallas community's connection to professional tennis.