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Hilltop Holdings Inc. Financial Performance Overview

Hilltop Holdings Inc. has recently released its 10-K report, providing a detailed overview of its financial performance and operations. The company, based in Dallas, Texas, operates through three primary segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers a wide range of financial products and services, including savings and checking accounts, loans, and treasury management. The Broker-Dealer segment provides investment banking services, municipal advisory, and sales and trading of fixed income securities, among others. The Mortgage Origination segment offers various types of mortgage loans.

In 2024, Hilltop reported net interest income of $417.8 million, a provision for credit losses of $0.9 million, and total noninterest income of $770.9 million. The company's total noninterest expense amounted to $1.03 billion. The income before income taxes for the year was $154.3 million, with a net income attributable to Hilltop of $113.2 million. The diluted earnings per common share for 2024 stood at $1.74, and the book value per common share at the end of the year was $33.71.

The company's consolidated income before income taxes in 2024 was contributed by the banking segment ($181.9 million), the broker-dealer segment ($63.5 million), and the mortgage origination segment (incurring $33.7 million in losses before income taxes). Hilltop paid an aggregate of $19.9 million to repurchase shares of its common stock in 2024 and declared and paid total common dividends of $44.3 million.

Regarding recent developments, Hilltop redeemed all of its outstanding 5% senior notes due 2025 and entered into a definitive agreement to sell all of the capital stock of Moser Acquisition, Inc., which is expected to result in an estimated net gain on sale of approximately $23 million to $27 million. The company also discussed the impact of uncertain economic conditions and the challenges associated with liquidity positions and deposit outflows.

Hilltop's 10-K report provides a comprehensive view of its financial performance, strategic initiatives, and market conditions, offering investors and stakeholders valuable insights into the company's operations and outlook. The market has reacted to these announcements by moving the company's shares -1.1% to a price of $31.56. For more information, read the company's full 10-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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