Hilltop Holdings Inc.

Listed Company

HTHCIK 0001265131NYSELarge AcceleratedState Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$165.59M

Total Assets

$15.84B

Equity

$2.17B

Shares Out

58.53M

Op. Cash Flow

$-38.70M

+ 13F Filer

Business

Hilltop Holdings Inc. is a diversified financial holding company that provides banking, broker-dealer and mortgage origination services through its subsidiaries. It offers business and consumer banking, wealth and trust services, treasury management, residential mortgage origination and servicing, investment banking, municipal advisory, fixed income sales and trading, retail brokerage, clearing and securities lending. The company’s operations are organized into banking, broker-dealer and mortgage origination segments, with a corporate function for financing, merchant banking and administrative support. The Bank conducts substantially all banking operations in Texas, the broker-dealer operates nationwide, and PrimeLending originates mortgages through retail branches and affiliated business arrangements across most U.S. states.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	526	545	542	416	404
Securities borrowed	75	78	72	44	62
Taxable	101	107	108	76	48
Tax-exempt	13	10	11	10	10
Other	69	97	105	45	7
Total interest income	784	836	838	591	530
Deposits	228	275	223	50	24
Securities loaned	68	73	65	39	51
Short-term borrowings	31	44	58	21	9
Notes payable	11	15	15	—	—
Other	4	12	10	6	384,000
Total interest expense	343	419	372	132	—
Net interest income	441	418	467	459	423
Provision for (reversal of) credit losses	7	941,000	18	8	−58
Net interest income after provision for (reversal of) credit losses	433	417	448	451	481
Net gains from sale of loans and other mortgage production income	199	190	172	302	826
Principal transactions, commissions and fees	253	251	219	—	—
Other	105	64	59	138	128
Total noninterest income	841	771	729	832	1,410
Employees' compensation and benefits	731	687	678	774	1,007
Occupancy and equipment, net	82	91	89	97	101
Professional services	40	44	49	48	54
Other	201	211	212	208	225
Total noninterest expense	1,053	1,034	1,028	1,127	1,387
Income before income taxes	221	154	149	156	504
Income tax expense	49	31	31	37	118
Net income	172	123	118	119	386
Less: Net income attributable to noncontrolling interest	6	10	8	6	12
Income attributable to Hilltop	166	113	110	113	374
Basic (in dollars per share)	2.64	1.74	1.69	1.61	4.64
Diluted (in dollars per share)	2.64	1.74	1.69	1.6	4.61
Basic (in shares)	63	65	65	70	81
Diluted (in shares)	63	65	65	71	81

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	1,232	2,299	1,859	1,580	2,823
Federal funds sold	650,000	650,000	650,000	650,000	385,000
Assets segregated for regulatory purposes	20	71	57	68	222
Securities purchased under agreements to resell	56	89	80	118	118
Trading, at fair value	617	525	516	755	648
Available for sale, at fair value, net (amortized cost of $1,554,096 and $1,498,415, respectively)	1,491	1,397	1,508	1,659	2,131
Held to maturity, at amortized cost, net (fair value of $674,890 and $649,872, respectively)	728	738	813	876	268
Equity, at fair value	300,000	300,000	300,000	200,000	250,000
Total securities	2,837	2,660	2,837	3,290	3,047
Loans held for sale	950	859	944	983	1,878
Loans held for investment, net of unearned income	8,312	7,951	8,080	8,093	7,880
Allowance for credit losses	−92	−101	−111	−95	−91
Loans held for investment, net	8,220	7,849	7,968	7,997	7,789
Broker-dealer and clearing organization receivables	1,589	1,452	1,574	1,038	1,673
Premises and equipment, net	133	148	169	185	204
Operating lease right-of-use assets	84	91	89	102	112
Mortgage servicing rights	17	6	97	101	87
Other assets	433	470	518	519	453
Goodwill	267	267	267	267	267
Other intangible assets, net	6	7	9	11	15
Total assets	15,845	16,268	16,467	16,259	18,689
Noninterest-bearing	2,832	2,769	3,007	3,969	4,577
Interest-bearing	8,046	8,297	8,056	7,347	8,241
Total deposits	10,878	11,065	11,063	11,316	12,818
Broker-dealer and clearing organization payables	1,519	1,332	1,431	966	1,477
Short-term borrowings	677	834	900	970	859
Securities sold, not yet purchased, at fair value	38	57	35	53	97
Notes payable	149	348	347	347	388
Operating lease liabilities	100	109	109	127	131
Other liabilities	287	305	432	417	370
Total liabilities	13,647	14,050	14,317	14,196	16,140
Commitments and contingencies (see Notes 18 and 19)	—	—	—	—	—
Common stock, $0.01 par value, 125,000,000 shares authorized; 59,540,484 and 64,967,984 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	595,000	650,000	652,000	647,000	790,000
Additional paid-in capital	973	1,052	1,055	1,046	1,274
Accumulated other comprehensive loss	−80	−111	−122	−134	−10
Retained earnings	1,275	1,249	1,189	1,124	1,257
Total Hilltop stockholders' equity	2,168	2,190	2,123	2,037	2,523
Noncontrolling interests	29	28	27	27	27
Total stockholders' equity	2,198	2,218	2,150	2,064	2,549
Total liabilities and stockholders' equity	15,845	16,268	16,467	16,259	18,689

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	16	20	20	33	25
Equity in earnings of merchant banking subsidiaries	−47	−9	−9	−3	1
Deferred income taxes	5	−20	7	8	−7
Other, net	14	4	14	15	19
Net change in securities purchased under agreements to resell	33	−9	38	192,000	−38
Net change in trading securities	34	25	239	−107	46
Net change in broker-dealer and clearing organization receivables	−117	102	−449	937	−564
Net change in other assets	2	42	25	−7	2
Net change in broker-dealer and clearing organization payables	119	−65	414	−734	129
Net change in other liabilities	−34	−11	−3	54	−212
Net change in securities sold, not yet purchased	−19	22	−18	−44	17
Proceeds from sale of mortgage servicing rights asset	—	87	19	65	143
Change in valuation of mortgage servicing rights asset	2	15	12	−22	−7
Loans originated for sale	−10,195	−10,007	−9,485	−14,215	−26,934
Proceeds from loans sold	10,168	10,141	9,655	15,384	28,645
Net cash provided by (used in) operating activities	−39	274	443	1,189	766
Proceeds from maturities and principal reductions of securities held to maturity	115	82	69	96	44
Proceeds from sales, maturities and principal reductions of securities available for sale	254	236	250	330	622
Proceeds from sales of equity securities	7	13	—	—	—
Purchases of securities held to maturity	−100	—	—	−13	—
Purchases of securities available for sale	−295	−116	−65	−768	−1,344
Purchases of equity securities	—	−1	−20	−30,000	—
Net change in loans held for investment	−402	111	−71	−515	125
Purchases of premises and equipment and other assets	−17	−7	−8	−10	−25
Proceeds from sales and distributions of premises and equipment and other assets	75	8	4	5	24
Proceeds from sale of loans held for sale transferred from loans held for investment	—	30	—	—	—
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	−2	−75,000	662,000	−212,000	−107,000
Net cash provided by (used in) investing activities	−365	354	158	−877	−553
Net change in deposits	−119	−32	−202	−1,279	1,555
Net change in short-term borrowings	−184	−93	−71	108	164
Proceeds from long-term borrowings	1,074	919	490	822	976
Payments on long-term borrowings	−1,247	−891	−490	−863	−1,038
Payments to repurchase common stock	−184	−20	−5	−442	−124
Dividends paid on common stock	−45	−44	−42	−43	−39
Net cash distributed to noncontrolling interest	−6	−9	−8	−6	−12
Other, net	−3	−4	−5	−6	−3
Net cash used in financing activities	−714	−174	−333	−1,710	1,480
Net change in cash, cash equivalents and restricted cash	−1,118	454	269	−1,397	1,692
Cash paid for interest	347	427	357	128	110
Cash paid for income taxes, net of refunds	61	44	19	15	136
Conversion of loans to other real estate owned	8	3	6	1	4
Additions to mortgage servicing rights	14	11	27	57	78
Non-cash distributions from merchant banking investments	11	—	—	—	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 857 positions

Reported AUM

$888.02M

Holdings

857

Top sector

$888.02M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$888.02M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
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SPDR S&P 500 ETF TR	—	34.8K	$15.72M	1.8%
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ISHARES TR	—	137.5K	$14.01M	1.6%
SPDR SER TR	—	434.4K	$13.09M	1.5%
VANGUARD SPECIALIZED FUNDS	—	75.2K	$12.20M	1.4%
ISHARES TR	—	43.8K	$11.75M	1.3%