Hilltop Holdings Inc. has recently released its 10-Q report, providing insight into the company's financial performance. The company operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers various financial products and 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 a range of mortgage loans.
The 10-Q report revealed that for the three months ended September 30, 2025, Hilltop reported net interest income of $112.4 million, an increase from $105.0 million in the same period in 2024. The provision for credit losses was reported at a negative $2.5 million, indicating a reversal of credit losses, compared to a negative $1.3 million in the previous year. Total noninterest income for the same period was $217.8 million, up from $200.4 million in 2024. However, total noninterest expense also increased to $271.9 million from $264.3 million in the prior year. The company's income before income taxes rose to $60.8 million from $42.4 million in the same period in 2024.
During the nine months ended September 30, 2025, Hilltop declared and paid total common dividends of $34.4 million. The company's board of directors declared a quarterly cash dividend of $0.18 per common share, payable on November 21, 2025. Additionally, Hilltop's board authorized an increase in the aggregate amount of common stock that may be repurchased under the stock repurchase program to $185.0 million.
Hilltop's tangible book value per common share was reported at $31.23 as of September 30, 2025, compared to $29.29 in the same period in 2024. The company's equity to assets ratio stood at 14.02%, while the tangible common equity to tangible assets ratio was 12.49%.
In terms of recent developments, Hilltop Holdings Inc. redeemed all of its outstanding 5% senior notes due 2025 on January 15, 2025, at a redemption price equal to the aggregate principal amount of $150 million, plus accrued and unpaid interest.
These figures and developments provide a comprehensive view of Hilltop's financial performance and strategic initiatives as outlined in its 10-Q report. The market has reacted to these announcements by moving the company's shares -0.46% to a price of $32.44. Check out the company's full 10-Q submission here.
