Hilltop 10-Q Details Q3 EPS Drop to $0.44 and Rising Credit Costs
HTH is trading near its 52-week low of $31.745 (15% above the low) on elevated volume (1.9× avg).
Summary
Hilltop's Q3 10-Q confirms the previously released $0.44 diluted EPS (down from $0.74) and adds detail: a $10.2 million credit provision, a $10.8 million pre-tax loss in mortgage origination, potential problem loans up to $204.5 million, and a possible goodwill impairment of up to $13.1 million.
Key Events · Earnings and Guidance · HTH
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Q3 EPS Falls to $0.44
Diluted EPS was $0.44 versus $0.74 a year ago; net income attributable to Hilltop was $24.9 million versus $45.8 million.
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Credit Provision Swings to $10.2 Million
The provision for credit losses was $10.2 million in Q3 2026 versus a $2.5 million reversal in Q3 2025, driven by specific reserves and risk-rating migration.
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Mortgage Segment Loss Widens
Mortgage origination lost $10.8 million before taxes in Q3 2026 versus $7.2 million a year ago, and the filing flags a possible goodwill impairment of up to $13.1 million.
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Potential Problem Loans Jump
Potential problem loans rose to $204.5 million at September 30, 2026 from $124.9 million at December 31, 2025, led by commercial real estate and commercial and industrial credits.
Analysis · HTH · Finance
The headline numbers were already out on October 22, but the full 10-Q shows where the deterioration sits. Q3 net income attributable to Hilltop fell to $24.9 million from $45.8 million a year earlier, with a $10.2 million credit provision versus a $2.5 million reversal a year ago. The mortgage origination segment lost $10.8 million before taxes, and the filing flags that up to $13.1 million of goodwill tied to that segment could be impaired. Credit quality is also softening: potential problem loans jumped to $204.5 million from $124.9 million at year-end, concentrated in commercial real estate and commercial and industrial credits. Capital remains solid — Hilltop's common equity Tier 1 ratio was 18.28% — so the issue is earnings pressure and credit migration, not solvency.
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At the time of this filing, HTH was trading at $36.36 on NYSE in the Finance sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $31.75 to $40.41. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.