Hilltop Holdings Inc. has announced its financial results for the first quarter of 2025, revealing significant changes in various metrics compared to the same period in 2024.
The company reported income to common stockholders of $42.1 million, or $0.65 per diluted share, for the first quarter of 2025, compared to $27.7 million, or $0.42 per diluted share, for the first quarter of 2024.
In the first quarter of 2025, the provision for credit losses was $9.3 million, a notable shift from a reversal of credit losses of $5.9 million in the fourth quarter of 2024 and a reversal of credit losses of $2.9 million in the first quarter of 2024.
Noninterest income for the first quarter of 2025 included a preliminary pre-tax gain of $30.5 million associated with the sale of operations by a merchant bank equity investment.
Net gains from the sale of loans and other mortgage production income and mortgage loan origination fees totaled $67.7 million in the first quarter of 2025, showing a 1.6% increase from the first quarter of 2024.
Hilltop's consolidated annualized return on average assets and return on average stockholders’ equity for the first quarter of 2025 were 1.13% and 7.82%, respectively, compared to 0.74% and 5.23%, respectively, for the first quarter of 2024.
The company's book value per common share increased to $34.29 at March 31, 2025, compared to $33.71 at December 31, 2024.
Hilltop's total assets were $15.8 billion and $16.3 billion at March 31, 2025, and December 31, 2024, respectively.
It's worth noting that the effective tax rate was 22.7% during the first quarter of 2025, compared to 22.5% during the same period in 2024.
These figures reflect the company's performance and changes in key financial metrics, indicating notable shifts in its financial position compared to the previous period. The market has reacted to these announcements by moving the company's shares 1.2% to a price of $29.29. Check out the company's full 8-K submission here.
