Hilltop Holdings Inc. has recently released its 10-Q report, providing a detailed insight into its financial performance and operations. The company, headquartered in Dallas, Texas, operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers a wide range of products and services, including savings and checking accounts, loans, and treasury management. The Broker-Dealer segment provides investment banking, municipal advisory, and retail brokerage services, while the Mortgage Origination segment offers various types of mortgage loans.
In the 10-Q report, Hilltop Holdings Inc. reported net interest income of $110.7 million for the three months ended June 30, 2025, compared to $103.7 million for the same period in 2024. The provision for credit losses stood at a reversal of $7.3 million for the three months ended June 30, 2025, indicating an improvement from a provision of $10.9 million for the same period in 2024. Total noninterest income was $192.6 million for the three months ended June 30, 2025, compared to $193.3 million for the same period in 2024. The company's total noninterest expense was $261.2 million for the three months ended June 30, 2025, as opposed to $256.5 million for the same period in 2024.
During the six months ended June 30, 2025, Hilltop Holdings Inc. declared and paid total common dividends of $23.2 million. On July 24, 2025, the company's board of directors declared a quarterly cash dividend of $0.18 per common share, payable on August 29, 2025.
Moreover, the company's board of directors authorized a new stock repurchase program through January 2026, allowing for the repurchase of up to $135.0 million of its outstanding common stock. Hilltop Holdings Inc. paid $68.2 million to repurchase an aggregate of 2,203,936 shares of its common stock at an average price of $30.94 per share during the six months ended June 30, 2025.
In terms of financial measures, the company reported tangible book value per common share of $30.56 and $28.63 as of June 30, 2025, and December 31, 2024, respectively. Additionally, Hilltop Holdings Inc.'s equity to assets ratio was 14.31% as of June 30, 2025, indicating a solid financial position.
In a recent development, the company redeemed all of its outstanding 5% senior notes due 2025 at a redemption price equal to the aggregate principal amount of $150 million, plus accrued and unpaid interest. This redemption was pursuant to the indenture dated April 9, 2015, between the company and U.S. Bank National Association, as Trustee.
The 10-Q report provides a comprehensive overview of Hilltop Holdings Inc.'s financial performance and strategic initiatives, offering valuable insights for investors and stakeholders. As a result of these announcements, the company's shares have moved -0.29% on the market, and are now trading at a price of $30.50. If you want to know more, read the company's complete 10-Q report here.
