Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.5%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -69%

Low stock price volatility
Vol 12M is 24%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -30%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%, Rev Chg QQuarterly Revenue Change % is -5.6%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%

Key risks
HTH key risks include [1] ongoing operating losses within its PrimeLending mortgage origination segment.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.5%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -69%
2 Low stock price volatility
Vol 12M is 24%
3 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
5 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
6 Weak multi-year price returns
3Y Excs Rtn is -30%
7 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%, Rev Chg QQuarterly Revenue Change % is -5.6%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%
9 Key risks
HTH key risks include [1] ongoing operating losses within its PrimeLending mortgage origination segment.

HTH in ETFs

Weight = HTH's share of each fund

VTI0.00%
ITOT0.00%
IWM0.05%
IJR0.09%
VYM0.01%
VB0.02%
KRE0.48%
VIOV0.18%
+12 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/25/2026

Hilltop (HTH) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Hilltop Holdings delivered stronger-than-expected financial results for fiscal Q1 2026. The company reported an adjusted earnings per share (EPS) of $0.64 for the first quarter of 2026, surpassing analysts' consensus estimates, which ranged from $0.49 to $0.54 per share.

2. The company demonstrated robust performance across its core banking and broker-dealer segments during fiscal Q1 2026. PlainsCapital Bank, Hilltop's primary banking operation, recorded a 17.5% year-over-year increase in income before taxes, reaching $47.1 million. Concurrently, its broker-dealer subsidiary, Hilltop Securities, saw a significant 60.3% rise in pre-tax income, totaling $14.8 million for the same period. Additionally, the mortgage origination segment, PrimeLending, reduced its operating losses in fiscal Q1 2026 to $2.4 million, an improvement from an $8.3 million loss in fiscal Q1 2025, with mortgage loan origination volume increasing to $2.0 billion from $1.7 billion year-over-year.

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Updated on 6/25/2026

Hilltop (HTH) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Hilltop Holdings delivered stronger-than-expected financial results for fiscal Q1 2026. The company reported an adjusted earnings per share (EPS) of $0.64 for the first quarter of 2026, surpassing analysts' consensus estimates, which ranged from $0.49 to $0.54 per share.

2. The company demonstrated robust performance across its core banking and broker-dealer segments during fiscal Q1 2026. PlainsCapital Bank, Hilltop's primary banking operation, recorded a 17.5% year-over-year increase in income before taxes, reaching $47.1 million. Concurrently, its broker-dealer subsidiary, Hilltop Securities, saw a significant 60.3% rise in pre-tax income, totaling $14.8 million for the same period. Additionally, the mortgage origination segment, PrimeLending, reduced its operating losses in fiscal Q1 2026 to $2.4 million, an improvement from an $8.3 million loss in fiscal Q1 2025, with mortgage loan origination volume increasing to $2.0 billion from $1.7 billion year-over-year.

3. Hilltop Holdings actively returned capital to shareholders through share repurchases and increased dividends. During fiscal Q1 2026, the company repurchased $47.5 million of its common stock, acquiring nearly 1.24 million shares at an average price of $38.40 per share. Furthermore, Hilltop increased its quarterly cash dividend to $0.20 per common share, representing an $0.02 increase from the previous year and marking its eighth consecutive year of annual dividend growth.

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Stock Movement Drivers

Fundamental Drivers

The 7.3% change in HTH stock from 2/28/2026 to 6/27/2026 was primarily driven by a 7.7% change in the company's P/E Multiple.
(LTM values as of)22820266272026Change
Stock Price ($)37.2339.947.3%
Change Contribution By: 
Total Revenues ($ Mil)1,2201,202-1.5%
Net Income Margin (%)13.6%13.4%-1.1%
P/E Multiple13.614.67.7%
Shares Outstanding (Mil)60592.2%
Cumulative Contribution7.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/27/2026
ReturnCorrelation
HTH7.3% 
Market (SPY)6.6%23.3%
Sector (XLF)4.7%52.9%

Fundamental Drivers

The 17.6% change in HTH stock from 11/30/2025 to 6/27/2026 was primarily driven by a 10.6% change in the company's P/E Multiple.
(LTM values as of)113020256272026Change
Stock Price ($)33.9639.9417.6%
Change Contribution By: 
Total Revenues ($ Mil)1,1871,2021.3%
Net Income Margin (%)13.4%13.4%-0.1%
P/E Multiple13.214.610.6%
Shares Outstanding (Mil)62595.1%
Cumulative Contribution17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/27/2026
ReturnCorrelation
HTH17.6% 
Market (SPY)7.3%23.6%
Sector (XLF)1.3%49.2%

Fundamental Drivers

The 36.8% change in HTH stock from 5/31/2025 to 6/27/2026 was primarily driven by a 21.5% change in the company's Net Income Margin (%).
(LTM values as of)53120256272026Change
Stock Price ($)29.1939.9436.8%
Change Contribution By: 
Total Revenues ($ Mil)1,1561,2024.0%
Net Income Margin (%)11.0%13.4%21.5%
P/E Multiple14.814.6-0.9%
Shares Outstanding (Mil)65599.3%
Cumulative Contribution36.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/27/2026
ReturnCorrelation
HTH36.8% 
Market (SPY)25.1%31.9%
Sector (XLF)6.7%54.8%

Fundamental Drivers

The 44.5% change in HTH stock from 5/31/2023 to 6/27/2026 was primarily driven by a 36.7% change in the company's Net Income Margin (%).
(LTM values as of)53120236272026Change
Stock Price ($)27.6539.9444.5%
Change Contribution By: 
Total Revenues ($ Mil)1,1891,2021.1%
Net Income Margin (%)9.8%13.4%36.7%
P/E Multiple15.414.6-4.8%
Shares Outstanding (Mil)65599.8%
Cumulative Contribution44.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/27/2026
ReturnCorrelation
HTH44.5% 
Market (SPY)81.3%40.6%
Sector (XLF)77.0%58.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HTH Return30%-12%20%-17%21%17%61%
Peers Return47%-4%11%44%11%2%155%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
HTH Win Rate67%42%50%50%50%83% 
Peers Win Rate67%48%52%67%62%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HTH Max Drawdown-20%-35%-21%-18%-14%-14% 
Peers Max Drawdown-19%-31%-29%-17%-30%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SF, RJF, CFR, TCBI, PIPR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventHTHS&P 500
2025 US Tariff Shock
  % Loss-11.6%-18.8%
  % Gain to Breakeven13.1%23.1%
  Time to Breakeven82 days79 days
2023 SVB Regional Banking Crisis
  % Loss-17.1%-6.7%
  % Gain to Breakeven20.6%7.1%
  Time to Breakeven245 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.3%-24.5%
  % Gain to Breakeven43.4%32.4%
  Time to Breakeven141 days427 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven86.8%50.9%
  Time to Breakeven211 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.8%-19.2%
  % Gain to Breakeven23.1%23.8%
  Time to Breakeven114 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.8%-12.2%
  % Gain to Breakeven46.7%13.9%
  Time to Breakeven134 days62 days

Compare to SF, RJF, CFR, TCBI, PIPR

In The Past

Hilltop's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHTHS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-30.3%-24.5%
  % Gain to Breakeven43.4%32.4%
  Time to Breakeven141 days427 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven86.8%50.9%
  Time to Breakeven211 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.8%-12.2%
  % Gain to Breakeven46.7%13.9%
  Time to Breakeven134 days62 days
2014-2016 Oil Price Collapse
  % Loss-32.4%-6.8%
  % Gain to Breakeven47.9%7.3%
  Time to Breakeven136 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.7%-17.9%
  % Gain to Breakeven26.0%21.8%
  Time to Breakeven122 days123 days
2008-2009 Global Financial Crisis
  % Loss-30.4%-53.4%
  % Gain to Breakeven43.8%114.4%
  Time to Breakeven113 days1085 days

Compare to SF, RJF, CFR, TCBI, PIPR

In The Past

Hilltop's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Hilltop (HTH)

Hilltop Holdings Inc. (HTH) Business Overview

Hilltop Holdings Inc. (HTH) is a diversified financial services company that primarily serves both individual consumers and businesses. The company operates through three main segments: Banking, Broker-Dealer, and Mortgage Origination. Its Banking segment offers a comprehensive suite of traditional banking products, including various types of deposit accounts (checking, savings, money market, CDs), a wide array of loans (home equity, commercial real estate, equipment, industrial, agricultural, construction finance), and specialized services such as treasury management, wealth management, and trust services. This segment caters to the day-to-day financial needs of its retail and commercial clients.

Beyond traditional banking, Hilltop's Broker-Dealer segment provides specialized investment banking and public finance services. This includes assisting public entities like municipalities with originating, syndicating, and distributing securities, as well as offering advisory services for derivatives and portfolio management. The segment also engages in selling, trading, and underwriting a broad range of fixed-income securities, serving institutional clients and public entities. Lastly, the Mortgage Origination segment focuses on residential lending, providing various mortgage products to individuals, including conventional, jumbo, FHA, VA, and USDA loans, helping people finance their homes.

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  • A regional version of Wells Fargo, offering a full suite of banking, investment, and mortgage services.
  • A diversified financial services firm like a smaller Bank of America, providing consumer and business banking, brokerage, and mortgage loans.

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Hilltop (HTH) provides the following major products and services:

  • Deposit Accounts: Offers various deposit accounts including savings, checking, money market, and certificates of deposit for individuals and businesses.
  • Banking Loans: Provides a range of loans such as home improvement, home equity, commercial real estate, equipment, and commercial & industrial loans.
  • Wealth Management & General Banking Services: Delivers wealth management, asset management, trust, treasury management, and various online banking services.
  • Public Finance & Investment Banking: Assists public entities with securities origination and distribution, and offers specialized advisory and investment banking services.
  • Securities Trading & Underwriting: Engages in selling, trading, and underwriting a broad array of government, corporate, municipal, and structured securities.
  • Brokerage & Clearing Services: Provides asset and liability management advisory, securities lending, and clearing services.
  • Mortgage Origination: Originates a variety of mortgage loans, including conventional, jumbo, FHA, VA, and USDA loans.

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Major Customers of Hilltop Holdings Inc. (HTH)

Hilltop Holdings Inc. serves a diverse customer base. While it provides substantial services to businesses and public entities, a significant portion of its offerings, particularly through its Banking and Mortgage Origination segments, targets individual consumers. Therefore, the company primarily serves the following categories of customers:

  • Individual Consumers: This category encompasses individuals seeking personal banking services such as checking, savings, and money market accounts, certificates of deposit, home improvement and equity loans, and various types of mortgages (e.g., conventional, jumbo, FHA, VA, USDA loans). It also includes individuals utilizing wealth management, trust, and individual retirement account services.
  • Businesses and Corporations: Hilltop provides a range of services to commercial clients, including commercial and industrial loans, term and construction finance, equipment loans and leases, agricultural and commercial real estate loans, treasury management, and employee benefit accounts. Its Broker-Dealer segment also offers specialized advisory, investment banking, and structured finance services to corporate clients.
  • Public Entities and Governmental Agencies: Through its Broker-Dealer segment, Hilltop assists public entities and municipalities with public finance services, including the origination, syndication, and distribution of their securities. It also provides advisory services related to arbitrage rebate compliance, portfolio management, and local government investment pool administration.

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Jeremy B. Ford Chairman, President and Chief Executive Officer

Jeremy B. Ford provides strategic direction for Hilltop and its operating companies, overseeing growth initiatives, mergers, and acquisitions. He also oversees all holding company functional areas. He has served as President and a director of Hilltop since 2010 and was appointed Co-Chief Executive Officer in September 2016, becoming the sole CEO in April 2019. Prior to his role at Hilltop, he was a principal of Ford Financial Fund, L.P., a private equity fund, and worked for Diamond A-Ford Corporation, involved in various investments. He has been actively involved in numerous potential acquisitions for Hilltop and the divestiture of the mobile home communities business in 2007. He also serves as chairman of First Acceptance Corporation. His background includes over 25 years in financial services, focusing on investments in and acquisitions of depository institutions and financial services companies.

William B. Furr Executive Vice President, Chief Financial Officer

William B. Furr was appointed Chief Financial Officer of Hilltop Holdings in September 2016. He oversees all accounting and finance functions at the holding company level, including accounting, tax, external reporting, treasury, financial planning and analysis, capital planning, stress testing, and Sarbanes-Oxley (SOX) compliance. Mr. Furr joined Hilltop from KeyCorp, where he was executive vice president, community bank chief financial officer. His experience also includes various financial leadership roles at Regions Financial Corporation and Bank of America Corporation, where he specialized in global middle market banking and global liquidity & treasury services.

Corey Prestidge Executive Vice President, General Counsel and Secretary

Corey Prestidge serves as Executive Vice President, General Counsel and Secretary for Hilltop Holdings. He is also the son-in-law of Gerald J. Ford, the former Chairman of Hilltop.

Darren Parmenter Executive Vice President, Chief Administrative Officer

Darren Parmenter holds the title of Executive Vice President, Chief Administrative Officer at Hilltop Holdings Inc. He transitioned into this role effective September 1, 2016, having previously served as the principal financial officer for Hilltop.

M. Bradley Winges President & Chief Executive Officer of HilltopSecurities

M. Bradley Winges is the President and Chief Executive Officer of HilltopSecurities Inc., a broker-dealer subsidiary of Hilltop Holdings. He joined the firm in this role effective February 20, 2019. Mr. Winges brings three decades of experience to HilltopSecurities, primarily from his time at Piper Jaffray, where he was a senior executive managing director and held leadership positions including head of fixed income services and firm investments and trading, and president of Piper Jaffray Investment Management. He has also served as a two-term chairman of the Bond Dealers of America (BDA) board of directors.

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Key Risks to Hilltop Holdings Inc. (HTH)

  1. Sensitivity to Interest Rate Fluctuations and Economic Conditions: As a financial institution with significant banking and mortgage origination segments, Hilltop Holdings Inc. is highly susceptible to changes in interest rates. Fluctuations in rates can directly impact net interest margins, loan demand, and mortgage origination volumes. Furthermore, the company's performance is closely tied to overall economic conditions; an economic downturn could lead to reduced demand for its financial products and services across all segments, including banking, broker-dealer activities, and mortgage origination.

  2. Credit Risk: Hilltop Holdings Inc. engages in extensive lending activities across its Banking and Mortgage Origination segments, including various types of commercial, real estate, and consumer loans. This exposes the company to credit risk, which is the risk that borrowers may default on their obligations. A deterioration in the credit quality of its loan portfolios or adverse economic conditions could lead to increased loan losses and negatively impact the company's financial performance.

  3. Regulatory and Compliance Risk: Operating across banking, broker-dealer, and mortgage origination segments, Hilltop Holdings Inc. is subject to a complex and evolving regulatory environment. Changes in financial regulations, increased compliance costs, or failure to comply with applicable laws and regulations could result in significant penalties, reputational damage, operational restrictions, and increased expenses, thereby impacting its business and profitability.

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  • Digital-First Banks and Fintech Competitors: The rise of neobanks, challenger banks, and other fintech companies offering streamlined, digital-only banking services poses a threat to Hilltop's traditional Banking segment. These entities often provide lower fees, enhanced mobile experiences, and faster processing for checking, savings, and various lending products, directly competing for customer acquisition, particularly among digitally native demographics.
  • Online Mortgage Lenders: Specialized online mortgage lenders have transformed the mortgage origination landscape. Companies that leverage highly efficient digital platforms for applications, underwriting, and closing processes can offer a faster, more convenient, and often more cost-effective experience for borrowers, thereby drawing market share away from Hilltop's Mortgage Origination segment.
  • Robo-advisors and Digital Wealth Management Platforms: Automated investment and wealth management platforms offer low-cost, algorithm-driven financial advice and portfolio management. These services directly compete with Hilltop's traditional wealth management and asset management offerings within its Banking segment by appealing to clients seeking efficiency, lower fees, and less human interaction for their investment needs.

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Hilltop Holdings Inc. (HTH) operates across several key financial services segments, addressing substantial markets primarily within the United States. Below are the estimated addressable market sizes for its main products and services:

Banking Segment

  • Commercial Banking: The U.S. commercial banking market size was valued at approximately USD 732.5 billion in 2025 and is forecasted to reach USD 915.45 billion by 2030, growing at a CAGR of 4.56% (U.S.). Another estimate indicates the market size at USD 765.53 billion in 2026, projected to reach USD 954.48 billion by 2031 (U.S.).
  • Consumer Banking (Retail Banking): The United States retail banking market was valued at USD 870 billion in 2025 and is estimated to grow to USD 1,112.2 billion by 2031, at a CAGR of 4.17% (U.S.). Another source indicates the U.S. retail banking market generated revenue of USD 1.28 trillion in 2025 (U.S.).
  • Wealth Management: While specific market sizing for overall wealth management in the U.S. varies, the private banking market, a component of wealth management, is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030 (U.S.). Robo-advisors alone within wealth management managed over $1 trillion in assets as of 2025, with forecasts predicting this could approach $2 trillion within the next couple of years (U.S.).
  • Asset Management: The United States Asset Management market was valued at USD 52.08 trillion in 2024 and is expected to reach USD 134.67 trillion by 2030, rising at a CAGR of 17.22% (U.S.). Another projection estimates the market size at USD 70.97 trillion in 2026, reaching USD 125.98 trillion by 2031 (U.S.).

Broker-Dealer Segment

  • Public Finance and Investment Banking Services: The U.S. municipal bond market, a key area for public finance, had outstanding bonds totaling $4.4 trillion as of Q3 2025 (U.S.). The U.S. investment banking market is expected to grow from USD 54.74 billion in 2025 to USD 67.47 billion by 2031, at a CAGR of 3.55% (U.S.).

Mortgage Origination Segment

  • Mortgage Loans: The Mortgage Bankers Association (MBA) projected that single-family mortgage originations in the U.S. will climb to $2.2 trillion in 2026, up from an expected $2.0 trillion in 2025 (U.S.). Another forecast expects total U.S. mortgage origination volume to exceed the $2 trillion mark for the first time since 2022 by 2026 (U.S.).

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Here are 3-5 expected drivers of future revenue growth for Hilltop Holdings Inc. (HTH) over the next 2-3 years:

  1. Loan Growth in the Banking Segment: Hilltop Holdings anticipates continued expansion in its banking segment's loan portfolio. Management projects full-year average bank loans (excluding retained mortgages and mortgage warehouse lending) to increase by 0-3% in 2025 and by 4-6% in 2026. This growth is supported by a strong loan pipeline, which was identified as historically high entering 2026, with commercial real estate lending being a key contributor in late 2025.
  2. Expansion of Wealth Management and Public Finance Services: The company's Broker-Dealer segment, HilltopSecurities, is expected to drive revenue growth through its wealth management and public finance businesses. In Q4 2025, wealth management net revenues increased by 16% year-over-year, largely due to higher advisory fees on increased managed balances and improved transaction revenues. Similarly, public finance services saw a 20% year-over-year increase in net revenues in Q4 2025, attributed to strong advisory and underwriting fees. Management expects these broker-dealer results to remain stable with healthy pretax margins in 2026.
  3. Improved Net Interest Income (NII) from Lower Deposit Costs: Hilltop Holdings forecasts an increase in net interest income, primarily driven by a reduction in deposit costs. The company expects NII to grow by 0-2% in 2025 and projects a 2-4% rise for the remainder of 2025, largely due to anticipated lower deposit costs. In Q4 2025, NII already demonstrated a 7% year-over-year increase, supported by active deposit cost management and growth in lower-cost deposits, leading to a 30-basis point expansion in net interest margin to 3.02%.
  4. Recovery in Mortgage Origination Volume: While dependent on market conditions, the mortgage origination segment (PrimeLending) is a potential driver of revenue growth. Hilltop projects mortgage origination volume for 2025 to be between $8 billion and $9.5 billion. A recovery or favorable shift in the mortgage market conditions could positively impact this segment's contribution to overall revenue.

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Share Repurchases

  • Hilltop Holdings Inc. authorized a new $125 million share repurchase program in January 2026, valid through January 2027.
  • During the full year 2025, the company repurchased an aggregate of 5,705,205 shares for $184.0 million.
  • In the second quarter of 2025, Hilltop repurchased 1,157,396 shares for $34.9 million, and the Board authorized an increase in the stock repurchase program limit by $35 million, bringing the total authorized amount to $135 million with approximately $67 million of available repurchase capacity extending through January 2026.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HTHSFRJFCFRTCBIPIPRMedian
NameHilltop Stifel F.Raymond .Cullen/F.Texas Ca.Piper Sa. 
Mkt Price39.9469.27149.94155.31103.4076.1489.77
Mkt Cap2.410.829.49.84.65.27.5
Rev LTM1,2025,68814,4772,2701,2991,9592,114
Op Inc LTM-------
FCF LTM-1958922,384663435476570
FCF 3Y Avg2076431,779462396342429
CFO LTM-1729862,576807447502655
CFO 3Y Avg2207161,975604428362516

Growth & Margins

HTHSFRJFCFRTCBIPIPRMedian
NameHilltop Stifel F.Raymond .Cullen/F.Texas Ca.Piper Sa. 
Rev Chg LTM4.0%13.8%7.8%8.0%35.8%31.0%10.9%
Rev Chg 3Y Avg0.4%9.8%9.4%7.0%9.1%14.7%9.3%
Rev Chg Q-5.6%18.1%13.3%6.4%15.5%33.3%14.4%
QoQ Delta Rev Chg LTM-1.5%4.1%3.2%1.5%3.5%6.4%3.3%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-14.3%17.3%17.8%35.6%34.4%25.6%21.7%
CFO/Rev 3Y Avg19.6%13.8%14.6%28.5%39.1%22.3%20.9%
FCF/Rev LTM-16.2%15.7%16.5%29.2%33.5%24.3%20.4%
FCF/Rev 3Y Avg18.5%12.4%13.1%21.8%36.0%21.0%19.8%

Valuation

HTHSFRJFCFRTCBIPIPRMedian
NameHilltop Stifel F.Raymond .Cullen/F.Texas Ca.Piper Sa. 
Mkt Cap2.410.829.49.84.65.27.5
P/S2.01.92.04.33.52.62.3
P/Op Inc-------
P/EBIT-------
P/E14.612.213.714.712.818.314.2
P/CFO-13.710.911.412.110.210.310.6
Total Yield8.8%10.2%7.3%9.5%7.8%8.3%8.5%
Dividend Yield1.9%2.0%0.0%2.6%0.0%2.8%2.0%
FCF Yield 3Y Avg10.4%6.2%6.3%5.9%11.5%4.4%6.3%
D/E0.20.10.10.00.20.00.1
Net D/E-0.7-0.2-0.5-0.9-0.5-0.0-0.5

Returns

HTHSFRJFCFRTCBIPIPRMedian
NameHilltop Stifel F.Raymond .Cullen/F.Texas Ca.Piper Sa. 
1M Rtn6.1%-1.1%5.6%14.8%3.9%-3.7%4.7%
3M Rtn14.1%-1.9%6.1%17.0%11.8%4.5%9.0%
6M Rtn16.6%-18.5%-8.6%22.5%10.5%-11.1%0.9%
12M Rtn34.5%2.0%-0.8%24.2%31.2%10.9%17.5%
3Y Rtn38.1%89.0%53.5%63.0%102.4%149.9%76.0%
1M Excs Rtn8.3%0.8%5.3%15.9%7.8%-1.3%6.6%
3M Excs Rtn-0.9%-17.2%-9.6%1.2%-4.1%-11.8%-6.8%
6M Excs Rtn10.0%-24.7%-15.3%15.4%4.5%-17.4%-5.4%
12M Excs Rtn15.9%-17.5%-20.6%5.2%13.7%-6.8%-0.8%
3Y Excs Rtn-29.9%17.0%-11.7%-12.8%30.2%75.8%2.7%

Comparison Analyses

null

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Broker-Dealer501521456394424
Banking428788444463452
Mortgage Origination303279297442967
Corporate51-7-0-6-8
All Other and Eliminations-125-1-2-1
Total1,2821,6071,1961,2911,833


Operating Income by Segment
$ Mil2015201420132004
Banking175139172 
Mortgage Origination471227 
Corporate44-3-12 
Insurance16268-1
All Other and Eliminations1-3  
Broker-Dealer-07  
Financial Advisory  2 
Corporate and Other   -0
Real Estate   115
Retail Home Sales and Finance   -10
Total283178197104


Assets by Segment
$ Mil20252024202320222021
Banking12,74413,35413,28913,42014,944
Broker-Dealer2,9292,8242,9292,6733,673
Corporate2,3702,6022,5432,4662,941
Mortgage Origination1,0911,0111,1811,2492,208
All Other and Eliminations-3,290-3,522-3,475-3,548-5,077
Total15,84516,26816,46716,25918,689


Price Behavior

Price Behavior
Market Price$39.94 
Market Cap ($ Bil)2.4 
First Trading Date02/19/2004 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$37.56$35.45
DMA Trendupup
Distance from DMA6.3%12.7%
 3M1YR
Volatility23.7%23.8%
Downside Capture3.7151.65
Upside Capture47.9776.13
Correlation (SPY)16.5%30.4%
HTH Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.910.460.550.520.720.74
Up Beta1.320.600.520.640.880.67
Down Beta1.510.540.500.470.520.62
Up Capture42%34%45%50%69%57%
Bmk +ve Days13283667141432
Stock +ve Days10223060118356
Down Capture97%32%71%46%74%95%
Bmk -ve Days7132757109318
Stock -ve Days9183262127385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTH
HTH36.8%23.8%1.25-
Sector ETF (XLF)5.5%14.5%0.1554.4%
Equity (SPY)21.2%12.4%1.2630.2%
Gold (GLD)21.8%27.7%0.703.8%
Commodities (DBC)21.8%18.6%0.92-19.8%
Real Estate (VNQ)16.1%13.6%0.8541.5%
Bitcoin (BTCUSD)-44.2%42.5%-1.2510.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTH
HTH4.7%29.8%0.18-
Sector ETF (XLF)10.7%18.6%0.4461.8%
Equity (SPY)13.4%17.1%0.6148.7%
Gold (GLD)17.8%18.3%0.791.6%
Commodities (DBC)7.4%19.5%0.286.9%
Real Estate (VNQ)3.4%18.9%0.0847.5%
Bitcoin (BTCUSD)10.9%54.0%0.3920.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HTH
HTH8.6%33.8%0.33-
Sector ETF (XLF)13.3%22.1%0.5565.7%
Equity (SPY)15.2%18.0%0.7251.7%
Gold (GLD)11.8%16.1%0.60-1.4%
Commodities (DBC)5.9%18.0%0.2616.7%
Real Estate (VNQ)5.6%20.7%0.2347.1%
Bitcoin (BTCUSD)54.7%66.4%0.9514.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity2.1 Mil
Short Interest: % Change Since 53120265.2%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest8.4 days
Basic Shares Quantity59.1 Mil
Short % of Basic Shares3.6%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/2026-3.5%-0.8%-1.4%
1/29/20261.8%8.3%4.6%
10/23/20254.5%0.0%5.1%
7/24/2025-0.3%-3.2%13.9%
4/24/2025-1.1%1.3%1.7%
1/30/20251.3%10.0%9.3%
10/24/2024-1.1%0.3%6.2%
7/25/2024-1.9%-8.6%-4.6%
...
SUMMARY STATS   
# Positive101318
# Negative14116
Median Positive3.6%4.5%6.9%
Median Negative-2.2%-4.2%-6.4%
Max Positive9.8%13.9%16.5%
Max Negative-9.0%-8.7%-9.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/2026-3.5%-0.8%-1.4%
1/29/20261.8%8.3%4.6%
10/23/20254.5%0.0%5.1%
7/24/2025-0.3%-3.2%13.9%
4/24/2025-1.1%1.3%1.7%
1/30/20251.3%10.0%9.3%
10/24/2024-1.1%0.3%6.2%
7/25/2024-1.9%-8.6%-4.6%
4/18/20243.2%4.5%11.1%
1/25/2024-1.4%-8.4%-9.4%
10/19/2023-2.4%-0.9%10.9%
7/20/2023-9.0%-7.5%-8.1%
4/20/20234.0%4.5%5.5%
1/26/20236.8%12.4%10.1%
10/20/20229.8%13.9%16.5%
7/21/20220.8%1.4%2.0%
4/21/2022-8.9%-8.7%2.0%
1/27/2022-4.8%-4.2%-8.5%
10/28/20211.8%7.6%-0.2%
7/22/2021-1.4%-0.8%3.9%
4/22/20214.1%7.2%11.1%
1/28/2021-3.3%-0.7%10.6%
10/22/2020-3.7%-5.6%7.6%
7/30/2020-1.7%1.0%4.7%
SUMMARY STATS   
# Positive101318
# Negative14116
Median Positive3.6%4.5%6.9%
Median Negative-2.2%-4.2%-6.4%
Max Positive9.8%13.9%16.5%
Max Negative-9.0%-8.7%-9.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/24/202610-Q
12/31/202502/13/202610-K
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202504/28/202510-Q
12/31/202402/14/202510-K
09/30/202410/25/202410-Q
06/30/202408/02/202410-Q
03/31/202404/22/202410-Q
12/31/202302/14/202410-K
09/30/202310/23/202310-Q
06/30/202307/24/202310-Q
03/31/202304/24/202310-Q
12/31/202202/17/202310-K
09/30/202210/24/202210-Q
06/30/202207/25/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202604/24/202610-Q
12/31/202502/13/202610-K
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202504/28/202510-Q
12/31/202402/14/202510-K
09/30/202410/25/202410-Q
06/30/202408/02/202410-Q
03/31/202404/22/202410-Q
12/31/202302/14/202410-K
09/30/202310/23/202310-Q
06/30/202307/24/202310-Q
03/31/202304/24/202310-Q
12/31/202202/17/202310-K
09/30/202210/24/202210-Q
06/30/202207/25/202210-Q
03/31/202204/25/202210-Q
12/31/202102/15/202210-K
09/30/202110/28/202110-Q
06/30/202107/26/202110-Q
03/31/202104/26/202110-Q
12/31/202002/17/202110-K
09/30/202010/23/202010-Q
06/30/202007/31/202010-Q
03/31/202005/05/202010-Q
12/31/201902/27/202010-K
09/30/201911/18/201910-Q
06/30/201907/25/201910-Q

Insider Activity

Updated 6/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bobbitt, Rhodes RDirectSell604202638.0010,000380,0003,306,608Form
2Bobbitt, Rhodes RDirectSell528202638.0010,000380,0003,686,608Form
3Bobbitt, Rhodes RDirectSell528202637.7510,000377,5004,039,854Form
4Bobbitt, Rhodes RDirectSell515202637.2510,000372,5004,358,846Form
5Bornemann, Keith EChief Accounting OfficerDirectSell506202638.002,00076,000300,657Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bobbitt, Rhodes RDirectSell604202638.0010,000380,0003,306,608Form
2Bobbitt, Rhodes RDirectSell528202638.0010,000380,0003,686,608Form
3Bobbitt, Rhodes RDirectSell528202637.7510,000377,5004,039,854Form
4Bobbitt, Rhodes RDirectSell515202637.2510,000372,5004,358,846Form
5Bornemann, Keith EChief Accounting OfficerDirectSell506202638.002,00076,000300,657Form
6Ford, Gerald JDirectSell309202637.98259,7719,866,960298,813Form
7Thompson, Steve BPrimeLending President and CEODirectSell209202639.849,025359,5623,658,064Form
8Winges, Martin BradleyHilltop Securities CEODirectSell204202638.4626,000999,9392,531,812Form
9Bornemann, Keith EChief Accounting OfficerDirectSell1126202535.002,20077,000304,221Form
10Thompson, Steve BPrimeLending President and CEODirectSell929202532.686,640216,9953,365,985Form
11Thompson, Steve BPrimeLending President and CEODirectSell929202531.0911,687363,3493,408,655Form
12Thompson, Steve BPrimeLending President and CEODirectSell929202532.915,332175,4763,647,694Form
13Sobel, Jonathan SHilltop Securities ChairmanDirectBuy829202535.3610,000353,6004,505,879Form
14Sobel, Jonathan SHilltop Securities ChairmanDirectBuy826202535.2110,000352,1004,134,664Form
15Sobel, Jonathan SHilltop Securities ChairmanDirectBuy826202534.7510,000347,5003,733,147Form
16Sobel, Jonathan SHilltop Securities ChairmanDirectBuy826202534.5710,000345,7003,368,110Form
17Sobel, Jonathan SHilltop Securities ChairmanDirectBuy821202533.1910,000331,9002,901,758Form
18Sobel, Jonathan SHilltop Securities ChairmanDirectBuy821202532.9310,000329,3002,549,727Form
19Sobel, Jonathan SHilltop Securities ChairmanDirectBuy821202532.9210,000329,2002,219,753Form
20Sobel, Jonathan SHilltop Securities ChairmanDirectBuy818202531.9710,000319,7001,835,995Form
21Sobel, Jonathan SHilltop Securities ChairmanDirectBuy818202532.3710,000323,7001,535,267Form
22Sobel, Jonathan SHilltop Securities ChairmanDirectBuy818202532.7010,000327,0001,223,918Form
Core Cache Last Updated: 6/27/2026