Hilltop Holdings Inc. (N:HTH)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6565 Hillcrest Ave. DALLAS TX 75205 |
| Tel: | N/A |
| Website: | https://www.hilltop-holdings.com |
| IR: | See website |
| Key People | ||
| Gerald J. Ford Chairman of the Board | Erik Yohe Chief Strategy Officer | Jeremy B. Ford President, Chief Executive Officer, Director, Chief Executive Officer of PlainsCapital Bank |
| William B. Furr Executive Vice President, Chief Financial Officer | Hill A. Feinberg Chairman Emeritus of Hilltop Securities, Director | Stephen Thompson President, Chief Executive Officer of PrimeLending |
| M. Bradley Winges President, Chief Executive Officer of Hilltop Securities Inc. | Keith E. Bornemann Executive Vice President, Chief Accounting Officer | Darren E. Parmenter Executive Vice President, Chief Administrative Officer | Corey G. Prestidge Executive Vice President, General Counsel, Secretary |
| Business Overview |
| Hilltop Holdings Inc. is a diversified financial holding company. The Company operates through three segments: banking, broker-dealer, and mortgage origination. The banking segment includes the operations of PlainsCapital Bank (the Bank). The banking segment primarily provides business and consumer banking services from offices located throughout Texas and generates revenue from its portfolio of earning assets. The broker-dealer segment includes the operations of Securities Holdings, which operates through its wholly owned subsidiaries, Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC. This segment offers investment advisory and securities brokerage services. The mortgage origination segment includes the operations of PrimeLending, which offers a variety of loan products. This segment includes origination and servicing of loans and selling these loans in the secondary market. |
| Financial Overview |
| For the three months ended 31 March 2024, Hilltop Holdings Inc. interest income increased 10% to $209.6M. Net interest income after loan loss provision decreased 11% to $106.5M. Net income increased 7% to $27.7M. Net interest income after loan loss provision reflects Banking segment decrease of 8% to $94.5M, Net Interest Margin, Total - % decrease of 13% to 2.87%, Net Interest Spread, Total - % decrease of 27% to 1.72%. |
| Employees: | 3,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,625M as of Mar 31, 2024 |
| Annual revenue (TTM): | $856.56M as of Mar 31, 2024 |
| EBITDA (TTM): | $332.45M as of Mar 31, 2024 |
| Net annual income (TTM): | $111.51M as of Mar 31, 2024 |
| Free cash flow (TTM): | $570.21M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 65,266,915 as of Apr 19, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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