NYSE$HTH

Hilltop Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Hilltop's financial performance was marked by increased net income and EPS, alongside stable loan and deposit levels.

Hilltop Holdings reported a strong Q4 2024, with a 24% increase in income attributable to Hilltop to $35.5 million and diluted EPS of $0.55, a 20% increase. Net interest income remained stable, while noninterest income increased by 9%. The company maintained stable loan and deposit levels.

  • Net income attributable to Hilltop increased by 24% year-over-year to $35.5 million.
  • Diluted EPS increased by 20% year-over-year to $0.55.
  • Net interest income remained relatively stable at $105.5 million.
  • Noninterest income increased by 9% year-over-year to $195.6 million.

Headline financials

Total Revenue

$105M

Previous: $111M-5.2%
EPS (adj)

$0.55

Previous: $0.44+25.0%
Return on average stockholders' equity

6.5%

Previous: 5.5%+19.0%
Return on average assets

0.9%

Previous: 0.8%+22.7%
Net interest margin

2.7%

Previous: 3.0%-8.1%
Tier 1 Leverage Ratio

12.6%

Previous: 12.2%+2.8%
Common Equity Tier 1 Capital Ratio

21.2%

Previous: 19.3%+9.9%
Non-accrual loans as a % of total loans

1.0%

No prior period
Efficiency ratio

56.0%

No prior period
Book value per common share

$33.71

No prior period
Total assets

$16.3B

No prior period
Total deposits

$11.1B

No prior period
Mortgage loan originations volume

$2.25B

No prior period
Effective tax rate

14.2%

No prior period
Capital Expenditures

-$916K

No prior period
Net Income

$37.9M

Previous: $31M+22.4%
Operating Income

$44.2M

Previous: $38.1M+16.0%

Revenue & EPS history

Hilltop · Revenue · Quarterly

$105M

Q4 2024-5.2%vs Q4 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Hilltop · $176M total across 3 segments · Q4 2022

  • Broker-Dealer
    $92.8M
  • Mortgage Origination
    $71.4M
  • Banking
    $11.9M

Forward guidance

Hilltop Holdings provided its outlook for 2025, including expectations for loan and deposit growth, net interest income, noninterest income and expense, provision expense, and the effective tax rate.

Tailwinds

  • Full year average Bank loans to grow 2% - 5%
  • Full year average Bank deposits expected to increase 2% – 5%
  • Mortgage origination volume $9 – $10 billion
  • Gain on Sale to third parties to remain relatively stable, market dependent
  • Broker Dealer fees increase 1% – 4%

Headwinds

  • NII decline of 0% – 2% driven by projected rate declines on an asset sensitive balance sheet
  • Outlook assumes two Fed Funds rate cuts during 2025
  • Non-variable expenses increase 1% – 4%
  • Variable expenses to follow revenue contribution from fee businesses
  • Full year provision / average loans HFI: 20 – 30 basis points

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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