Hilltop Holdings Inc. (HTH) Earnings
Hilltop Holdings Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.49. HTH has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +38.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.54 | $0.64 | +18.5% | $301M | -1.4% |
| Jan 29, 2026 | $0.46 | $0.69 | +50.0% | $330M | +7.9% |
| Oct 23, 2025 | $0.51 | $0.74 | +46.5% | $330M | +6.3% |
| Jul 24, 2025 | $0.41 | $0.57 | +39.0% | $303M | -4.8% |
| Apr 24, 2025 | $0.28 | $0.65 | +132.1% | $318M | +11.1% |
| Jan 30, 2025 | $0.28 | $0.55 | +96.4% | $338M | +17.9% |
| Oct 24, 2024 | $0.37 | $0.46 | +24.3% | $305M | +1.4% |
| Jul 25, 2024 | $0.26 | $0.31 | +19.2% | $297M | +175.2% |
| Apr 18, 2024 | $0.25 | $0.42 | +68.0% | $285M | +160.6% |
| Jan 25, 2024 | $0.40 | $0.44 | +10.0% | $226M | +104.1% |
| Oct 19, 2023 | $0.48 | $0.57 | +18.7% | $312M | +174.3% |
| Jul 20, 2023 | $0.40 | $0.28 | -30.0% | $309M | +165.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Hilltop reported net income of approximately $38 million for 64 cents per diluted share. Return on average assets was 1%, and return on average equity was 7.1%. Plains Capital Bank had continued expansion in net interest margin, core loans and deposits growth. Prime Lending narrowed operating loss. Hilltop Securities had strong earnings. Plains Capital Bank had $47 million pre-tax income, net interest income up $8 million vs Q1 2025, $1.8 million provision expense due to stressed auto note credit. Bank aims for core loan growth and core deposit growth. Prime Lending improved due to loan origination volumes, gain on sale margins, cost structure enhancements but faces affordability and interest rate headwinds. Hilltop Securities had solid first quarter with various business lines showing different results. Hilltop maintains strong capital levels with common equity tier one capital ratio of 19.1% and tangible book value per share at $31.97, returned $11.8 million to stockholders via dividends and repurchased $47.5 million in shares.
Guidance
Current estimates for future NII and NIM reflect expectation of Fed executing two additional rate reductions in 2026. Mortgage production volume expectation is $9 to $10 billion for the year. Gain-on-sale margins expected to remain relatively stable. Full-year average HFI loan growth expected to range between 4% and 6%. Authorization of $125 million for share repurchases in the year, market dependent.
Segment performance
For the first quarter, Plains Capital Bank had a favorable 3.38% net interest margin, produced $47 million of pre-tax income with a 1.2% return on average assets. Net interest income increased by $8 million vs first quarter 2025, but had a $1.8 million provision expense due to a stressed auto note credit. It's poised for core loan growth and expects core deposits to grow year-over-year with modest seasonal volatility. Prime Lending had a pre-tax loss of $2 million in Q1, improved due to higher loan origination volumes, gain on sale margins, and cost structure enhancements in 2025, but remains under pressure from affordability and interest rate lock-in effects. Hilltop Securities generated pre-tax income of $15 million on net revenue of $116 million for a pre-tax margin of 12.7%. Public finance services had net revenue of $23.6 million (modest decline vs prior year), structured finance had $23.6 million net revenue with strength in volatile interest rate environment, wealth management had improved results from higher advisory and transaction fees, and fixed income services had $14 million net revenue, a 58% increase vs Q1 2025.
Risks & headwinds
Macroeconomic environment including geopolitical landscape will continue to provide volatility and uncertainty. Competitive intensity and pricing pressures could escalate for deposits. Persistent volatility in long-term interest rates creates uncertainty around mortgage production. Higher interest rates, international conflicts, and higher energy prices could negatively impact clients.
Analyst Q&A
Q: On the NII range bumped up this quarter and loan yields.
A: Saw solid loan growth expected to continue, improved deposit beta 74% through the cycle, going-on loan yields during the quarter about 6.5%.
Q: On capital front, buybacks and M&A.
A: Have an authorization of 125 million for the year, market dependent on repurchases, M&A is a priority if strategically fit and financially compelling.
Q: On mortgage expectations and rate assumptions.
A: Mortgage volume guidance still within range, muted demand in March due to conflict, rate assumptions include two additional Fed rate cuts applied across businesses.
Q: On net interest margin drivers and sustainability.
A: Deposit team has done well with 74% interest-bearing deposit beta, but ongoing deposit competition, and expect NIM to be flat to modestly down from here.
Q: On expenses and deposits.
A: Expenses other than variable compensation expected to be relatively stable with investments in client-facing resources and technology, deposit competition remains robust with largely rational behavior from competitors