Hilltop Q3 EPS Falls to $0.44 as Credit Provisions Swell
HTH sits 17% above its 52-week low of $31.745.
Summary
Hilltop earned $0.44 per diluted share in Q3 2026, down from $0.74 a year ago, as a $10.2 million credit provision and rising mortgage rates weighed on results. PlainsCapital Bank grew earning assets and expanded net interest margin, but that was more than offset by the higher provisioning; PrimeLending posted an $11 million pretax loss as higher mortgage rates cut purchase activity and loan values. HilltopSecurities' public finance and wealth management lines carried segment profitability. Management expects the adverse impact on operating results to continue for the remainder of 2026, citing the political environment, tariffs and interest rates. The company bought back $20 million of stock in the quarter under its 2026 program. This lands a week after 27.3% holder Gerald Ford's October 16 letter demanding the CEO and chairman roles be split — a weak quarter gives him more ammunition heading into that governance fight.
At the time of this announcement, HTH was trading at $37.28 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 news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.