Hilltop Holdings Inc. recently released its 10-Q report, providing a detailed look at its financial performance. The company operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers a wide range of financial services, including savings and checking accounts, loans, and treasury management. The Broker-Dealer segment provides investment banking and financial services, while the Mortgage Origination segment offers various mortgage loans.
In the 10-Q report, Hilltop Holdings Inc. reported net interest income of $110.67 million for the three months ended June 30, 2025, compared to $103.65 million for the same period in 2024. The provision for credit losses was $7.34 million, and the total noninterest income was $192.63 million for the same period. The company's total noninterest expense stood at $261.18 million for the three months ended June 30, 2025.
The report also highlighted the company's income before income taxes, which amounted to $49.47 million for the three months ended June 30, 2025, compared to $29.56 million for the same period in 2024. Additionally, Hilltop Holdings Inc. declared a quarterly cash dividend of $0.18 per common share on July 24, 2025, payable on August 29, 2025.
Furthermore, the 10-Q report revealed that the company's board of directors authorized a stock repurchase program, through which Hilltop Holdings Inc. repurchased 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.
The report also included non-GAAP financial measures, such as tangible book value per common share and tangible common equity to tangible assets. Hilltop Holdings Inc. disclosed that its tangible book value per common share was $30.56 as of June 30, 2025, and its tangible common equity to tangible assets ratio was 12.76%.
Additionally, the 10-Q report provided details on recent developments, including the redemption of all outstanding 5% senior notes due 2025 by Hilltop Holdings Inc. on January 15, 2025, at a redemption price equal to the aggregate principal amount of $150 million, plus accrued and unpaid interest.
The market has reacted to these announcements by moving the company's shares -0.29% to a price of $30.50. For the full picture, make sure to review Hilltop's 10-Q report.
