Hilltop Holdings Inc. Earnings Per Share Disclosure
28. Earnings per Common Share
The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data).
| Year Ended December 31, | |||||||||
|
| 2025 | | 2024 | | 2023 | ||||
Basic earnings per share: | ||||||||||
Income attributable to Hilltop | $ | 165,591 | $ | 113,213 | $ | 109,646 | ||||
Weighted average shares outstanding - basic |
| 62,700 |
| 65,036 |
| 65,043 | ||||
Basic earnings per common share: | $ | 2.64 | $ | 1.74 | $ | 1.69 | ||||
Diluted earnings per share: | ||||||||||
Income attributable to Hilltop | $ | 165,591 | $ | 113,213 | $ | 109,646 | ||||
Weighted average shares outstanding - basic |
| 62,700 |
| 65,036 |
| 65,043 | ||||
Effect of potentially dilutive securities |
| 9 |
| 10 |
| 2 | ||||
Weighted average shares outstanding - diluted |
| 62,709 |
| 65,046 |
| 65,045 | ||||
Diluted earnings per common share: | $ | 2.64 | $ | 1.74 | $ | 1.69 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 15, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.