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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 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.
PrimeLending, a PlainsCapital Company, has formed a new partnership with ARIVA Mortgage Services to enhance mortgage offerings in South Texas. Alex Bernal has been appointed as the Vice President-Managing Director, bringing over 15 years of industry experience. The partnership aims to streamline the mortgage process for ARIVA Homes customers and broader markets. ARIVA Mortgage is actively hiring loan professionals to support its growth, while PrimeLending holds a 50.01% stake in the venture.
PrimeLending, a PlainsCapital Company, announces its sponsorship of the Dallas Open, an ATP 250 event scheduled for February 6-13, 2022. This marks the tournament's return to Dallas after over three decades. Noteworthy players like John Isner and Taylor Fritz will participate. The event will be held at the Styslinger/Altec Tennis Complex at Southern Methodist University, making it the only indoor ATP Tour championship in the U.S. PrimeLending emphasizes community pride in showcasing such events in its hometown.
Hilltop Holdings (HTH) reported its financial results for Q4 and FY 2021, showing a decline in income from continuing operations to $62.2 million ($0.78/share) in Q4, down from $112.7 million ($1.30/share) in Q4 2020. For FY 2021, income was $374.5 million ($4.61/share), slightly down from $409.4 million ($4.58/share) in 2020. The decline was attributed to reduced mortgage origination segment gains and revenue drops in the broker-dealer segment. In contrast, a new quarterly cash dividend of $0.15/share was announced, a 25% increase from the previous quarter. Hilltop's total assets grew to $18.7 billion.
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