Hilltop Holdings Inc. recently released its 10-Q report for the quarter ended June 30, 2026. The company is a financial holding company based in Dallas, Texas, with operations in banking, broker-dealer services, and mortgage origination; its banking unit provides deposit, lending, treasury management, and wealth-related services, while the broker-dealer and mortgage businesses offer fixed-income, advisory, clearing, and residential mortgage products. Hilltop was incorporated in 1998.
In Item 2, Management’s Discussion and Analysis, Hilltop said its primary business remains business and consumer banking through PlainsCapital Bank, with additional financial products and services delivered through its broker-dealer and mortgage origination segments. It also identified PlainsCapital Corporation as the parent of its banking and wealth businesses, and Hilltop Securities Holdings as the parent of its investment banking and related financial services operations.
For the second quarter, Hilltop reported net interest income of $115.9 million, up from $110.7 million a year earlier. Provision for credit losses was a reversal of $974,000, compared with a reversal of $7.3 million in the prior-year quarter. Total noninterest income was $200.0 million, up from $192.6 million, while total noninterest expense rose to $266.7 million from $261.2 million.
Income before income taxes was $50.0 million, versus $49.5 million a year earlier. Net income attributable to Hilltop was $36.5 million, compared with $36.1 million, and diluted earnings per common share increased to $0.63 from $0.57. The company declared cash dividends of $0.20 per common share for the quarter, up from $0.18 a year earlier, and the payout ratio was 31.68%.
For the first six months of 2026, Hilltop reported net interest income of $227.9 million, up from $215.8 million. Total noninterest income was $388.4 million, down from $406.0 million, while total noninterest expense increased slightly to $515.0 million from $512.6 million. Income before income taxes was $100.5 million, compared with $107.1 million, and net income attributable to Hilltop was $74.4 million, down from $78.2 million.
At June 30, 2026, Hilltop had total assets of $16.0 billion, loans held for investment of $8.67 billion, loans held for sale of $1.00 billion, securities of $2.87 billion, and total deposits of $10.51 billion. Stockholders’ equity was $2.16 billion, book value per common share was $37.12, and tangible book value per common share was $32.36.
By segment, banking contributed $51.2 million of pretax income in the quarter and $98.3 million for the first half. The broker-dealer segment contributed $12.4 million in the quarter and $27.2 million for six months. The mortgage origination segment posted pretax losses of $2.0 million in the quarter and $4.4 million for the six-month period.
Hilltop said it repurchased 2,488,216 shares during the first six months of 2026 for $94.5 million at an average price of $37.99 per share. After those repurchases, it said about $106 million remained available under its January 2027 repurchase program. The board also declared a quarterly dividend of $0.22 per share on July 23, 2026, a 10% increase from the prior quarter. Following these announcements, the company's shares moved 3.0%, and are now trading at a price of $39.08. For the full picture, make sure to review Hilltop's 10-Q report.
