NYSE$HTH
Hilltop Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Hilltop Holdings' financial performance decreased compared to the same period last year, but increased compared to the previous quarter.
Hilltop Holdings reported a net income attributable to Hilltop of $33.3 million, a decrease of 66% year-over-year. EPS diluted was $0.45, down 63% year-over-year. The company's return on average equity was 5.82%.
- PlainsCapital Bank generated $51.4 million in pre-tax income during Q2 2022, a decrease of $35.6 million from Q2 2021 and an increase of $4.9 million from Q1 2022
- PrimeLending generated $5.6 million in pre-tax income during Q2 2022, a decrease of $43.4 million from Q2 2021
- HilltopSecurities produced $9.1 million in pre-tax income during Q2 2022, an increase of $2.2 million from Q2 2021
- During the quarter, HTH returned $454.5 million of capital to stockholders through dividends and share buybacks
Headline financials
Revenue & EPS history
Hilltop · Revenue · Quarterly
$351M
Revenue by segment
Hilltop · $176M total across 3 segments · Q4 2022
- Broker-Dealer$92.8M—52.7%
- Mortgage Origination$71.4M—40.6%
- Banking$11.9M—6.7%
Forward guidance
Hilltop Holdings provided outlook for full year 2022.
Tailwinds
- Full year average bank loan growth 2% –5%, excluding PPP loans and retained mortgages
- NII growth 2% –6%, headwinds from lower PPP and accretion
- Outlook assumes full year target Fed Funds Rate of 300 –325 bps
- Loan floors and competition expected to slow loan yield expansion during 2022
- Modeled ‘through the cycle’ IB deposit beta of 50%
Headwinds
- Full year average total deposits decline 3% –7%, excludes the impact of the Tender Offer
- Purchase accounting accretion expected to decline by 50% -80% versus 2021 levels
- Mortgage gain on sale margins continue to be pressured as volumes decline across the industry, full year average 250 –290 bps (third party sales)
- Full year mortgage origination volume $12 –$16 billion
- Broker Dealer fees decline 5% –15%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.6%
Avg return
30 days after
45%
30 / 66 earnings
Positive
+17.4%
Q3 2013
Best reaction
-11.3%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | -0.8% | -2.0% | |
| Q4 2025 | +2.2% | +6.6% | +1.7% | |
| Q3 2025 | +4.6% | +0.1% | +4.6% | |
| Q2 2025 | -2.4% | +0.8% | +5.7% | |
| Q1 2025 | -1.1% | +0.8% | +1.1% | |
| Q4 2024 | -0.5% | +8.3% | +7.3% | |
| Q3 2024 | +2.5% | +1.5% | +5.6% | |
| Q2 2024 | -6.3% | -5.2% | -5.1% | |
| Q1 2024 | +4.4% | +5.1% | +10.5% | |
| Q4 2023 | -1.5% | -3.7% | -9.4% | |
| Q3 2023 | -1.3% | -2.0% | +10.3% | |
| Q2 2023 | -10.9% | -7.9% | -8.6% | |
| Q1 2023 | +6.2% | +2.7% | +4.9% | |
| Q4 2022 | +7.1% | +8.0% | +10.4% | |
| Q3 2022 | +11.6% | +14.0% | +15.3% | |
| Q2 2022 | +0.6% | +0.5% | +1.5% | |
| Q1 2022 | -11.3% | -12.9% | +1.5% | |
| Q4 2021 | -2.7% | -6.1% | -11.5% | |
| Q3 2021 | +5.4% | +8.5% | +0.0% | |
| Q2 2021 | -1.3% | -1.5% | +3.6% | |
| Q1 2021 | +4.5% | +3.0% | +10.7% | |
| Q4 2020 | -4.4% | -2.4% | +5.2% | |
| Q3 2020 | -2.3% | -2.8% | +8.7% | |
| Q2 2020 | +0.6% | -0.3% | +6.7% | |
| Q1 2020 | -6.7% | -15.6% | -3.2% | |
| Q4 2019 | -6.1% | -4.6% | -13.6% | |
| Q3 2019 | +3.1% | +5.9% | +3.8% | |
| Q2 2019 | +0.0% | +2.4% | +1.6% | |
| Q1 2019 | +3.5% | +4.8% | +0.6% | |
| Q4 2018 | -3.6% | -3.9% | +2.7% | |
| Q3 2018 | +9.5% | +15.6% | +11.6% | |
| Q2 2018 | -4.0% | -5.4% | -3.9% | |
| Q1 2018 | -5.6% | -8.5% | -3.5% | |
| Q4 2017 | +2.5% | -2.2% | -6.8% | |
| Q3 2017 | +0.1% | -7.1% | -9.3% | |
| Q2 2017 | +1.5% | +1.8% | -3.0% | |
| Q1 2017 | +2.1% | -1.2% | -8.5% | |
| Q4 2016 | -0.4% | -3.5% | -1.1% | |
| Q3 2016 | -0.3% | -0.1% | +15.4% | |
| Q2 2016 | -1.0% | -1.7% | +0.9% | |
| Q1 2016 | -1.7% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | -6.7% | — | — | |
| Q1 2015 | +1.8% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | -5.5% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | +17.4% | — | — | |
| Q2 2013 | -4.2% | — | — | |
| Q1 2013 | +6.5% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2009 | +4.9% | — | — | |
| Q4 2011 | +4.9% | — | — | |
| Q3 2011 | +2.1% | — | — | |
| Q3 2010 | +2.1% | — | — | |
| Q2 2010 | -9.7% | — | — | |
| Q4 2010 | -9.7% | — | — | |
| Q2 2011 | -9.7% | — | — | |
| Q1 2010 | +0.3% | — | — |
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