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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.
PrimeLending has announced the promotion of Matt Eckard to Area Manager for the Pacific Northwest region, overseeing Oregon and Washington. Eckard brings over 23 years of experience, previously serving as Branch Manager in the Portland area. Under his leadership, he will focus on supporting community mortgage needs, including purchase and refinance loans. Al Velasco, EVP West Division Manager, expressed confidence in Eckard’s ability to drive growth in this competitive market. PrimeLending aims to enhance homeownership opportunities throughout the region.
PrimeLending, a national home lender and subsidiary of Hilltop Holdings (NYSE: HTH), has launched a 'Close On Time Guarantee' offer. Borrowers will receive $5,000 if their mortgage loan does not close as scheduled, aiming to enhance homebuyers' appeal in a market with a 2.2-month supply of available homes, far below the balanced level of six months. This initiative is part of their Buyer’s AdvantEDGE program, which helps streamline the mortgage process, boasting a 97% customer satisfaction rating.
Hilltop Holdings Inc. (NYSE: HTH) has completed its modified "Dutch auction" tender offer, purchasing up to $400 million of its common stock for cash at a rate of $29.75 per share. A total of 14,868,469 shares were tendered and accepted, accounting for approximately 18.7% of the shares outstanding. The total cost for this buyback is around $442.3 million. Hilltop may consider further stock repurchases depending on market conditions. This tender offer underscores the Company's commitment to returning capital to shareholders.
Hilltop Holdings Inc. (NYSE: HTH) announced the preliminary results of its modified Dutch auction tender offer to repurchase up to
Hilltop Holdings has initiated a modified "Dutch auction" tender offer to repurchase up to
Hilltop Holdings Inc. (NYSE: HTH) reported a net income of $22.3 million, or $0.28 per diluted share, for Q1 2022, down from $120.3 million, or $1.46 per share, in Q1 2021. The decline was driven by reduced net gains from mortgage origination and broker-dealer segments amid rising interest rates. Total mortgage origination volume fell to $3.8 billion from $6.2 billion year-over-year. Despite these challenges, Hilltop's total assets remained stable at $18.4 billion, and the company declared a cash dividend of $0.15 per share.
PrimeLending announces the promotion of Kelly Lee to EVP, Divisional Manager, responsible for loan origination in the western US. Lee, who joined in 2014, previously led growth in the Pacific Northwest and established a presence in new markets like Alaska and Montana. With over 20 years in the mortgage sector, he has a strong background in talent development and strategic leadership. PrimeLending, a subsidiary of Hilltop Holdings Inc. (NYSE: HTH), focuses on personalized home lending experiences across all 50 states and boasts a 97% customer satisfaction rating.
Hilltop Holdings Inc. (NYSE: HTH) will host a live webcast and conference call on April 22, 2022, at 8:00 AM Central to discuss its first quarter 2022 financial results. President and CEO Jeremy B. Ford and CFO William B. Furr will provide insights into the company's performance. Interested participants can join by calling specific numbers depending on their location or access the call via the company's Investor Relations website.
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