Hilltop Holdings Inc. has recently released its 10-K 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 variety of financial products and services, including savings and checking accounts, loans, and treasury management. The Broker-Dealer segment provides investment banking and related financial services, while the Mortgage Origination segment offers various types of mortgage loans.
In the 2025 financial year, Hilltop reported net interest income of $440.7 million, with a provision for credit losses of $7.3 million. The total noninterest income amounted to $841.1 million, while the total noninterest expense stood at $1.05 billion. The company's income before income taxes was $221.1 million, with a net income attributable to Hilltop of $165.6 million.
The company's diluted earnings per common share for 2025 were $2.64, with a dividend payout ratio of 27.26%. Hilltop's book value per common share at the end of 2025 was $36.42, and its tangible book value per common share was $31.83. The company's total assets at the end of 2025 were $15.84 billion, with total stockholders' equity of $2.20 billion.
Hilltop's reportable business segments made significant contributions to its income before income taxes in 2025. The banking segment contributed $193.2 million, the broker-dealer segment contributed $67.6 million, and the mortgage origination segment incurred $17.5 million in losses before income taxes.
During 2025, Hilltop paid $184.0 million to repurchase shares of its common stock and declared and paid total common dividends of $45.4 million. The company's board of directors authorized a stock repurchase program through January 2026, with an initial authorization of $100.0 million, later increased to $185.0 million in October 2025.
In January 2026, Hilltop's board of directors declared a quarterly cash dividend of $0.20 per common share, representing an 11% increase from the prior quarter. Additionally, a new stock repurchase program was authorized through January 2027, allowing the repurchase of up to $125.0 million of the company's outstanding common stock.
The 10-K report also included recent developments such as the redemption of outstanding senior notes and subordinated notes, as well as the sale of the company's interests in Moser Holdings, LLC. Hilltop also entered into settlement agreements related to a matter involving its subsidiary, PrimeLending.
The report highlighted the economic environment's impact on Hilltop's financial performance, citing uncertainty around general economic, market, and business conditions that remain uncertain for 2026. The company expressed the need for significant judgment to estimate the severity and duration of current economic uncertainties and their potential impact on borrower cash flow.
The market has reacted to these announcements by moving the company's shares -0.39% to a price of $35.69. For more information, read the company's full 10-K submission here.
