Hilltop Holdings Inc. recently released its latest 10-Q report. The Dallas-based financial holding company, incorporated in 1998, operates through banking, broker-dealer and mortgage origination businesses. Its banking unit offers deposit accounts, lending, treasury management and wealth services; the broker-dealer unit handles municipal finance, trading, underwriting and advisory work; and the mortgage unit originates a range of residential loans, including fixed-rate, adjustable-rate, jumbo and government-backed mortgages.
In Item 2, Hilltop said its primary business remains providing business and consumer banking services through PlainsCapital Bank, along with financial products and services 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 brokerage operations.
For the three months ended June 30, 2026, Hilltop reported income before income taxes of $50.0 million, up slightly from $49.5 million a year earlier. Net interest income rose to $115.9 million from $110.7 million, while total noninterest income increased to $200.0 million from $192.6 million.
Credit losses were a benefit of $1.0 million in the quarter, compared with a $7.3 million reversal a year earlier. Total noninterest expense increased to $266.7 million from $261.2 million.
Net income attributable to Hilltop was $36.5 million, compared with $36.1 million in the prior-year quarter. Diluted earnings per common share increased to $0.63 from $0.57.
For the first six months of 2026, income before income taxes was $100.5 million, down from $107.1 million in the same period of 2025. Net interest income rose to $227.9 million from $215.8 million, while total noninterest income declined to $388.4 million from $406.0 million.
Net income attributable to Hilltop for the six-month period was $74.4 million, down from $78.2 million a year earlier. Diluted earnings per common share increased to $1.27 from $1.22, reflecting a lower diluted share count of 58.6 million from 64.1 million.
At June 30, 2026, Hilltop had total assets of $16.0 billion, up from $15.8 billion at year-end 2025. Loans held for investment, net of unearned income, increased to $8.67 billion from $8.31 billion, while loans held for sale rose to $1.00 billion from $950.1 million.
Deposits declined to $10.51 billion from $10.88 billion at December 31, 2025. Cash and due from banks fell to $750.5 million from $1.23 billion, and stockholders’ equity totaled $2.16 billion, down from $2.20 billion.
The banking segment 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 in the first six months, while the mortgage origination segment posted pretax losses of $2.0 million and $4.4 million, respectively.
Hilltop declared and paid $23.4 million in common dividends during the first six months of 2026. It also declared a quarterly cash dividend of $0.22 per share on July 23, 2026, up 10% from the prior quarter.
The company repurchased 2,488,216 shares for $94.5 million during the first half of 2026 at an average price of $37.99 per share. After those repurchases, Hilltop said it had about $106 million of remaining capacity under its January 2027 stock repurchase program. Following these announcements, the company's shares moved 3.0%, and are now trading at a price of $39.08. For more information, read the company's full 10-Q submission here.
