Q1 2026 Hilltop Holdings Inc Earnings Call Transcript
Key Points
- Hilltop Holdings Inc (HTH) reported a net income of approximately $38 million or $0.64 per diluted share for the first quarter of 2026.
- PlainsCapital Bank experienced a continued expansion in net interest margin, generating year-over-year growth in both core loans and core deposits.
- HilltopSecurities delivered strong earnings with a 60% improvement in pretax income year-over-year, driven by strong sales volumes in fixed income services.
- The company maintained strong capital levels with a common equity Tier 1 capital ratio of 19.1% and increased tangible book value per share to $31.97.
- Hilltop Holdings Inc (HTH) returned $11.8 million to stockholders through dividends and repurchased $47.5 million in shares during the period.
- PrimeLending reported a pretax loss of $2 million during the first quarter, with overall profitability under pressure from affordability issues and interest rate lock-in effects.
- The mortgage business remains challenged by persistent volatility in long-term interest rates, creating uncertainty around future production volumes.
- Hilltop Holdings Inc (HTH) experienced a decline in deposit balances by $347 million to $10.5 billion from the prior quarter, reflecting expected outflows from certain public entity and commercial clients.
- The allowance for credit losses declined by $2.5 million to $89 million, with potential future volatility due to macroeconomic uncertainties.
- Noninterest expenses remained relatively stable but are expected to face ongoing inflationary pressures and investments in technology and client-facing resources.
Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Hilltop Holdings first-quarter 2026 earnings conference call. (Operator Instructions) And I would now like to turn the call over to Matt Dunn. Please go ahead.
Thank you. Before we get started, please note that certain statements during today's presentation that are not statements of historical facts, including statements concerning such items as our outlook, business strategy, future plans, financial condition, credit risks and trends in credit, allowance for credit losses, liquidity and sources of funding, funding costs, dividends, stock repurchases, subsequent events and impacts of interest rate changes as well as such other items referenced in the preface of our presentation are forward-looking statements.
These statements are based on management's current expectations concerning future events that, by their
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