Hilltop Holdings Inc.

07/23/2026 | Press release | Distributed by Public on 07/23/2026 14:45

Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2026 (Form 8-K)

Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2026

DALLAS - (BUSINESS WIRE) July 23, 2026 - Hilltop Holdings Inc. (NYSE: HTH) ("Hilltop") today announced financial results for the second quarter of 2026. Hilltop produced income attributable to common stockholders of $36.5 million, or $0.63 per diluted share, for the second quarter of 2026, compared to $36.1 million, or $0.57 per diluted share, for the second quarter of 2025.

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per common share, a 10% increase from the prior quarter, payable on August 21, 2026 to all common stockholders of record as of the close of business on August 7, 2026. Additionally, during the second quarter of 2026, Hilltop paid $47.0 million to repurchase an aggregate of 1,250,000 shares of its common stock at an average price of $37.58 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

Furthermore, in July 2026, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $200.0 million, an increase of $75.0 million. As a result of share repurchases during 2026, Hilltop has approximately $106 million of available share repurchase capacity through the expiration of the 2026 stock repurchase program in January 2027.

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, elevated energy prices, and international armed conflicts and their impact on supply chains within our business segments during the second quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026.

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, "During the second quarter of 2026, Hilltop delivered a 1% return on average assets and returned approximately $59 million to stockholders through dividends and share repurchases. At PlainsCapital Bank, continued core loan growth and an expansion in net interest margin drove a 1.3% return on average assets and $51 million of pre-tax income. PrimeLending realized a $2 million pre-tax loss on $2.4 billion of origination volume as the mortgage market faced a subdued start to the summer buying season primarily due to the recent increase in mortgage rates. HilltopSecurities produced a 10% pre-tax margin on $124 million of net revenues to deliver $12 million of pre-tax income, which was primarily driven by strong quarters in its Wealth Management and Structured Finance business lines. As we look to the second half of 2026, we expect to continue to execute on our strategic priorities while prudently managing capital and creating long-term value for our stockholders."

Second Quarter 2026 Highlights for Hilltop:

● The reversal of credit losses was $1.0 million during the second quarter of 2026, compared to a provision for credit losses of $1.8 million in the first quarter of 2026 and a reversal of credit losses of $7.3 million in the second quarter of 2025;
o The reversal of credit losses during the second quarter of 2026 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes, partially offset by a build in the allowance related to specific reserves within the banking segment since the prior quarter.
● For the second quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $78.9 million, compared to $80.7 million in the second quarter of 2025, a 2.2% decrease;
o Mortgage loan origination production volume was $2.4 billion during the second quarter of 2026, compared to $2.4 billion during the second quarter of 2025;
o Net gains from mortgage loans sold to third parties, including broker fee income, decreased to 229 basis points during the second quarter of 2026, compared to 261 basis points in the first quarter of 2026.
● Hilltop's consolidated annualized return on average assets and return on average stockholders' equity for the second quarter of 2026 were 0.99% and 6.89%, respectively, compared to 0.98% and 6.62%, respectively, for the second quarter of 2025;
● Hilltop's book value per common share increased to $37.12 at June 30, 2026, compared to $36.63 at March 31, 2026;
● Hilltop's total assets were $16.0 billion and $15.7 billion at June 30, 2026 and March 31, 2026, respectively;
● Loans1, net of allowance for credit losses, were $8.2 billion and $8.0 billion at June 30, 2026 and March 31, 2026, respectively;
● Non-accrual loans were $54.8 million, or 0.57% of total loans, at June 30, 2026, compared to $61.0 million, or 0.66% of total loans, at March 31, 2026;
● Loans held for sale increased by 24.3% from March 31, 2026 to $1.0 billion at June 30, 2026;
● Total deposits2 were $10.5 billion at each of June 30, 2026 and March 31, 2026;
● Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio3 of 12.73% and a Common Equity Tier 1 Capital Ratio of 18.34% at June 30, 2026;
● Hilltop's consolidated net interest margin4 increased to 3.21% for the second quarter of 2026, compared to 3.13% in the first quarter of 2026;
● For the second quarter of 2026, noninterest income was $200.0 million, compared to $192.6 million in the second quarter of 2025, a 3.8% increase;
● For the second quarter of 2026, noninterest expense was $266.7 million, compared to $261.2 million in the second quarter of 2025, a 2.1% increase; and
● Hilltop's effective tax rate was 24.2% during the second quarter of 2026, compared to 23.4% during the same period in 2025.
o The effective tax rate for the second quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments.

1 "Loans" reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $406.3 million and $361.0 million at June 30, 2026 and March 31, 2026, respectively.

2

Total deposits at June 30, 2026 included estimated uninsured deposits of $5.7 billion, or approximately 55% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $580.0 million and internal accounts of $388.6 million, were $4.8 billion, or approximately 45% of total deposits.

3

Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets.

4 Net interest margin is defined as net interest income divided by average interest-earning assets.

Consolidated Financial and Other Information

Consolidated Balance Sheets

June 30,

March 31,

December 31,

September 30,

June 30,

(in 000's)

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Cash and due from banks

$

750,508

$

874,194

$

1,231,944

$

1,277,283

$

982,488

Federal funds sold

650

650

650

650

650

Assets segregated for regulatory purposes

17,827

17,673

20,211

5,050

47,158

Securities purchased under agreements to resell

112,496

133,088

55,977

78,909

93,878

Securities:

Trading, at fair value

674,054

698,106

617,408

574,434

675,757

Available for sale, at fair value, net (1)

1,450,592

1,469,670

1,491,048

1,443,612

1,408,347

Held to maturity, at amortized cost, net (1)

745,175

759,628

728,329

755,012

771,641

Equity, at fair value

287

238

265

248

4,996

2,870,108

2,927,642

2,837,050

2,773,306

2,860,741

Loans held for sale

1,004,118

807,745

950,142

849,357

979,875

Loans held for investment, net of unearned income

8,672,927

8,433,673

8,311,952

8,227,194

8,061,204

Allowance for credit losses

(84,856)

(88,997)

(91,537)

(95,168)

(97,961)

Loans held for investment, net

8,588,071

8,344,676

8,220,415

8,132,026

7,963,243

Broker-dealer and clearing organization receivables

1,714,179

1,625,156

1,588,882

1,519,005

1,469,628

Premises and equipment, net

131,099

135,551

132,820

136,830

139,179

Operating lease right-of-use assets

88,325

89,845

83,757

87,464

88,050

Mortgage servicing assets

22,755

20,045

17,491

12,273

7,887

Other assets

428,111

452,779

432,603

459,588

455,930

Goodwill

267,447

267,447

267,447

267,447

267,447

Other intangible assets, net

5,125

5,365

5,605

5,862

6,119

Total assets

$

16,000,819

$

15,701,856

$

15,844,994

$

15,605,050

$

15,362,273

Deposits:

Noninterest-bearing

$

2,744,425

$

2,830,008

$

2,831,919

$

2,766,155

$

2,790,958

Interest-bearing

7,769,628

7,701,541

8,046,161

7,909,316

7,600,599

Total deposits

10,514,053

10,531,549

10,878,080

10,675,471

10,391,557

Broker-dealer and clearing organization payables

1,524,115

1,481,998

1,518,503

1,445,280

1,461,683

Short-term borrowings

1,243,214

990,807

676,882

680,979

734,508

Securities sold, not yet purchased, at fair value

90,264

63,346

37,955

65,119

59,766

Notes payable

148,703

148,645

148,587

148,530

148,475

Operating lease liabilities

104,410

106,166

100,155

104,134

104,972

Other liabilities

219,764

205,621

287,226

269,297

234,467

Total liabilities

13,844,523

13,528,132

13,647,388

13,388,810

13,135,428

Common stock

573

585

595

613

630

Additional paid-in capital

936,525

953,176

973,072

998,644

1,022,474

Accumulated other comprehensive loss

(81,006)

(82,348)

(79,877)

(87,254)

(94,748)

Retained earnings

1,270,141

1,272,618

1,274,611

1,276,539

1,270,286

Total Hilltop stockholders' equity

2,126,233

2,144,031

2,168,401

2,188,542

2,198,642

Noncontrolling interests

30,063

29,693

29,205

27,698

28,203

Total stockholders' equity

2,156,296

2,173,724

2,197,606

2,216,240

2,226,845

Total liabilities & stockholders' equity

$

16,000,819

$

15,701,856

$

15,844,994

$

15,605,050

$

15,362,273

(1) At June 30, 2026, the amortized cost of the available for sale securities portfolio was $1,519,183, while the fair value of the held to maturity securities portfolio was $686,724.

Three Months Ended

Consolidated Income Statements

June 30,

March 31,

December 31,

September 30,

June 30,

(in 000's, except per share data)

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

Interest income:

Loans, including fees

$

134,532

$

130,086

$

133,546

$

135,773

$

131,793

Securities borrowed

15,340

14,203

17,753

21,175

20,544

Securities:

Taxable

28,359

26,919

25,088

25,452

25,811

Tax-exempt

3,358

3,021

3,509

3,512

3,087

Other

7,457

10,061

13,913

14,349

15,946

Total interest income

189,046

184,290

193,809

200,261

197,181

Interest expense:

Deposits

45,285

48,325

54,167

57,001

57,056

Securities loaned

13,774

12,842

16,020

19,430

17,662

Short-term borrowings

10,441

7,587

7,637

7,867

7,694

Notes payable

2,361

2,355

2,317

2,404

3,106

Other

1,334

1,084

1,141

1,171

989

Total interest expense

73,195

72,193

81,282

87,873

86,507

Net interest income

115,851

112,097

112,527

112,388

110,674

Provision for (reversal of) credit losses

(974)

1,765

7,824

(2,511)

(7,340)

Net interest income after provision for (reversal of) credit losses

116,825

110,332

104,703

114,899

118,014

Noninterest income (1):

Net gains from sale of loans and other mortgage production income

48,583

50,972

49,580

51,730

51,945

Mortgage loan origination fees

30,294

21,910

26,602

24,850

28,738

Principal transactions, commissions and fees

64,197

66,534

76,033

74,066

47,856

Investment banking, advisory and administrative fees

44,200

36,920

47,627

53,349

43,730

Other

12,684

12,079

17,518

13,812

20,365

Total noninterest income

199,958

188,415

217,360

217,807

192,634

Noninterest expense:

Employees' compensation and benefits

179,896

168,962

187,960

190,027

176,410

Occupancy and equipment, net

19,427

19,829

20,818

19,930

21,064

Professional services

12,647

11,245

12,386

12,681

10,820

Other

54,766

48,267

47,757

49,265

52,882

Total noninterest expense

266,736

248,303

268,921

271,903

261,176

Income before income taxes

50,047

50,444

53,142

60,803

49,472

Income tax expense

12,092

11,425

10,218

14,129

11,583

Net income

37,955

39,019

42,924

46,674

37,889

Less: Net income attributable to noncontrolling interest

1,433

1,183

1,340

856

1,816

Income attributable to Hilltop

$

36,522

$

37,836

$

41,584

$

45,818

$

36,073

Earnings per common share:

Basic

$

0.63

$

0.64

$

0.69

$

0.74

$

0.57

Diluted

$

0.63

$

0.64

$

0.69

$

0.74

$

0.57

Cash dividends declared per common share

$

0.20

$

0.20

$

0.18

$

0.18

$

0.18

Weighted average shares outstanding:

Basic

57,856

59,124

60,457

62,146

63,637

Diluted

57,950

59,207

60,498

62,168

63,638

(1) During the three months ended December 31, 2025, certain financial statement line items within the noninterest income section of the consolidated income statement were reclassified to better align disclosures to business activities. These reclassifications were applied retrospectively to all prior periods presented. Total noninterest income did not change as a result of these reclassifications.

Three Months Ended June 30, 2026

Segment Results

Mortgage

​ ​ ​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

$

99,470

$

12,981

$

(866)

$

1,456

$

2,810

$

115,851

Provision for (reversal of) credit losses

(1,027)

53

-

-

-

(974)

Noninterest income

12,212

110,993

78,969

894

(3,110)

199,958

Noninterest expense

61,464

111,542

80,118

13,906

(294)

266,736

Income (loss) before taxes

$

51,245

$

12,379

$

(2,015)

$

(11,556)

$

(6)

$

50,047

Six Months Ended June 30, 2026

Segment Results

Mortgage

​ ​ ​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

$

198,194

$

24,874

$

(1,794)

$

2,885

$

3,789

$

227,948

Provision for (reversal of) credit losses

732

59

-

-

-

791

Noninterest income

23,292

215,167

151,938

2,323

(4,347)

388,373

Noninterest expense

122,447

212,827

154,519

25,798

(552)

515,039

Income (loss) before taxes

$

98,307

$

27,155

$

(4,375)

$

(20,590)

$

(6)

$

100,491

Three Months Ended June 30, 2025

Segment Results

Mortgage

​ ​ ​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

$

94,919

$

13,151

$

(2,302)

$

(166)

$

5,072

$

110,674

Provision for (reversal of) credit losses

(7,343)

3

-

-

-

(7,340)

Noninterest income

11,892

96,502

90,248

(628)

(5,380)

192,634

Noninterest expense

59,226

103,253

84,736

14,285

(324)

261,176

Income (loss) before taxes

$

54,928

$

6,397

$

3,210

$

(15,079)

$

16

$

49,472

Six Months Ended June 30, 2025

Segment Results

Mortgage

​ ​ ​

​ ​ ​

All Other and

​ ​ ​

Hilltop

(in 000's)

​ ​ ​

Banking

​ ​ ​

Broker-Dealer

​ ​ ​

Origination

​ ​ ​

Corporate

​ ​ ​

Eliminations

​ ​ ​

Consolidated

Net interest income (expense)

$

185,469

$

24,719

$

(3,699)

$

(1,035)

$

10,337

$

215,791

Provision for (reversal of) credit losses

2,029

(31)

-

-

-

1,998

Noninterest income

22,702

193,439

158,023

42,751

(10,941)

405,974

Noninterest expense

111,156

202,576

159,396

40,176

(655)

512,649

Income (loss) before taxes

$

94,986

$

15,613

$

(5,072)

$

1,540

$

51

$

107,118

​

June 30,

March 31,

December 31,

September 30,

June 30,

Capital Ratios

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Tier 1 capital (to average assets):

PlainsCapital

9.73%

9.54%

10.60%

10.74%

10.71%

Hilltop

12.73%

12.82%

12.78%

13.13%

13.11%

Common equity Tier 1 capital (to risk-weighted assets):

​

​

​

​

​

​

PlainsCapital

12.50%

12.71%

14.49%

14.81%

15.08%

Hilltop

18.34%

19.08%

19.70%

20.33%

20.74%

Tier 1 capital (to risk-weighted assets):

PlainsCapital

12.50%

12.71%

14.49%

14.81%

15.08%

Hilltop

18.34%

19.08%

19.70%

20.33%

20.74%

Total capital (to risk-weighted assets):

PlainsCapital

13.47%

13.77%

15.60%

15.96%

16.29%

Hilltop

20.63%

21.50%

22.20%

22.90%

23.38%

Three Months Ended

​

June 30,

March 31,

December 31,

September 30,

June 30,

Selected Financial Data

2026

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Hilltop Consolidated:

​

​

​

​

​

​

​

​

​

​

​

​

​

Return on average stockholders' equity

6.89%

​

7.12%

​

​

7.60%

​

​

8.35%

​

​

6.62%

Return on average assets

0.99%

1.02%

​

​

1.09%

​

​

1.20%

​

​

0.98%

Net interest margin (1)

3.21%

3.13%

​

​

3.02%

​

​

3.06%

​

​

3.01%

Net interest margin (taxable equivalent) (2):

As reported

3.23%

3.15%

​

​

3.04%

​

​

3.09%

​

​

3.04%

Impact of purchase accounting

2 bps

4 bps

​

​

3 bps

​

​

2 bps

​

​

2 bps

Book value per common share ($)

37.12

36.63

​

​

36.42

​

​

35.69

​

​

34.90

Shares outstanding, end of period (000's)

57,284

58,530

​

​

59,540

​

​

61,326

​

​

63,001

Dividend payout ratio (3)

31.68%

31.25%

​

​

26.17%

​

​

24.41%

​

​

31.75%

Banking Segment:

Net interest margin (1)

3.42%

3.38%

​

​

3.29%

​

​

3.23%

​

​

3.16%

Net interest margin (taxable equivalent) (2):

As reported

3.42%

3.39%

​

​

3.29%

​

​

3.23%

​

​

3.17%

Impact of purchase accounting

3 bps

5 bps

​

​

4 bps

​

​

2 bps

​

​

3 bps

Accretion of discount on loans ($000's)

813

1,260

​

​

961

​

​

572

​

​

588

Net recoveries (charge-offs) ($000's)

(3,167)

(4,305)

​

​

(11,455)

​

​

(282)

​

​

(896)

Return on average assets

1.28%

1.17%

​

​

1.05%

​

​

1.34%

​

​

1.35%

Fee income ratio

10.9%

10.1%

​

​

11.0%

​

​

10.2%

​

​

11.1%

Efficiency ratio

55.0%

55.5%

​

​

54.1%

​

​

51.7%

​

​

55.4%

Employees' compensation and benefits ($000's)

33,523

35,744

​

​

33,241

​

​

31,925

​

​

32,146

Broker-Dealer Segment:

Net revenue ($000's) (4)

123,974

116,067

​

​

138,374

​

​

144,494

​

​

109,653

Employees' compensation and benefits ($000's)

76,861

71,272

​

​

83,361

​

​

86,997

​

​

73,493

Variable compensation expense ($000's)

43,003

36,469

​

​

49,635

​

​

50,756

​

​

36,172

Compensation as a % of net revenue

62.0%

61.4%

​

​

60.2%

​

​

60.2%

​

​

67.0%

Pre-tax margin (5)

10.0%

12.7%

​

​

18.4%

​

​

18.3%

​

​

5.8%

Mortgage Origination Segment:

Mortgage loan originations - volume ($000's):

Home purchases

2,075,078

1,428,157

​

​

1,918,395

​

​

2,027,568

​

​

2,168,690

Refinancings

318,464

600,569

​

​

511,960

​

​

269,136

​

​

263,829

Total mortgage loan originations - volume

2,393,542

2,028,726

​

​

2,430,355

​

​

2,296,704

​

​

2,432,519

Mortgage loan sales - volume ($000's)

2,041,387

2,021,018

​

​

2,180,088

​

​

2,220,126

​

​

2,135,291

Net gains from mortgage loan sales (basis points):

Loans sold to third parties (6)

217

248

​

​

236

​

​

226

​

​

223

Broker fee income (7)

12

13

14

13

10

Impact of loans retained by banking segment

(6)

(7)

​

​

(4)

​

​

(5)

​

​

(5)

As reported

223

254

​

​

246

​

​

234

​

​

228

Mortgage servicing rights asset ($000's) (8)

22,755

20,045

​

​

17,491

​

​

12,273

​

​

7,887

Employees' compensation and benefits ($000's)

60,738

55,087

​

​

59,657

​

​

60,036

​

​

62,214

Variable compensation expense ($000's)

34,514

28,723

​

​

34,275

​

​

32,665

​

​

34,975

(1) Net interest margin is defined as net interest income divided by average interest-earning assets.
(2) Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $0.8 million, $1.0 million and $0.8 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.1 million, $0.3 million and $0.1 million, respectively, for the periods presented.
(3) Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share.
(4) Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income.
(5) Pre-tax margin is defined as income before income taxes divided by net revenue.
(6) Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 8, 7, 8, 9 and 7 basis points, respectively, for the periods presented.
(7) Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending.
(8) Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation.

​

June 30,

March 31,

December 31,

September 30,

June 30,

Non-Performing Assets Portfolio Data

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2025

​ ​ ​

2025

Loans accounted for on a non-accrual basis ($000's):

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

Non-owner occupied

$

13,785

$

15,288

$

3,873

$

3,969

$

4,107

Owner occupied

10,769

10,218

5,617

7,119

6,429

Commercial and industrial

17,567

22,237

​

28,581

​

41,457

​

40,990

Construction and land development

690

844

​

1,010

​

1,007

​

3,667

1-4 family residential

11,991

12,419

​

14,367

​

14,701

​

17,550

Consumer

-

-

​

-

​

-

​

-

Broker-dealer

-

-

​

-

​

-

​

-

Non-accrual loans ($000's)

$

54,802

$

61,006

$

53,448

$

68,253

$

72,743

Non-accrual loans as a % of total loans

0.57%

0.66%

​

0.58%

​

0.75%

​

0.80%

​

Other real estate owned ($000's)

7,466

8,473

​

8,020

​

8,289

​

9,144

​

Other repossessed assets ($000's)

-

-

​

-

​

-

​

-

​

Non-performing assets ($000's)

62,268

69,479

​

61,468

​

76,542

​

81,887

​

Non-performing assets as a % of total assets

0.39%

0.44%

​

0.39%

​

0.49%

​

0.53%

​

Loans past due 90 days or more and still accruing ($000's) (1)

40,226

40,155

​

33,811

​

28,388

​

28,378

(1) Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending.

Three Months Ended June 30,

2026

2025

​ ​ ​

Average

​ ​ ​

Interest

​ ​ ​

Annualized

​ ​ ​

Average

​ ​ ​

Interest

​ ​ ​

Annualized

​ ​ ​

Outstanding

Earned

Yield or

Outstanding

Earned

Yield or

Net Interest Margin (Taxable Equivalent) Details (1)

Balance

or Paid

Rate

Balance

or Paid

Rate

Assets

Interest-earning assets

Loans held for sale

$

909,079

$

13,303

5.79

%

$

923,726

$

14,119

6.05

%

Loans held for investment, gross (2)

8,493,343

121,229

5.73

%

8,073,187

117,674

5.84

%

Investment securities - taxable

2,518,187

28,359

4.50

%

2,490,931

25,811

4.10

%

Investment securities - non-taxable (3)

408,648

4,205

4.12

%

360,557

3,891

4.27

%

Federal funds sold and securities purchased under agreements to resell

100,327

1,043

4.17

%

84,583

1,352

6.41

%

Interest-bearing deposits in other financial institutions

469,051

4,269

3.65

%

1,210,977

12,724

4.21

%

Securities borrowed

1,444,723

15,340

4.20

%

1,451,826

20,544

5.60

%

Other

130,037

2,145

6.62

%

127,638

1,871

5.88

%

Interest-earning assets, gross (3)

14,473,395

189,893

5.26

%

14,723,425

197,986

5.39

%

Allowance for credit losses

(88,746)

(105,816)

Interest-earning assets, net

14,384,649

14,617,609

Noninterest-earning assets

1,012,012

968,459

Total assets

$

15,396,661

$

15,586,068

Liabilities and Stockholders' Equity

Interest-bearing liabilities

Interest-bearing deposits

$

7,677,083

$

45,285

2.37

%

$

7,868,600

$

57,056

2.91

%

Securities loaned

1,437,483

13,774

3.84

%

1,440,958

17,662

4.92

%

Notes payable and other borrowings

1,231,998

14,136

4.60

%

955,618

11,789

4.95

%

Total interest-bearing liabilities

10,346,564

73,195

2.84

%

10,265,176

86,507

3.38

%

Noninterest-bearing liabilities

Noninterest-bearing deposits

2,703,479

2,775,448

Other liabilities

191,985

330,616

Total liabilities

13,242,028

13,371,240

Stockholders' equity

2,125,000

2,187,108

Noncontrolling interest

29,633

27,720

Total liabilities and stockholders' equity

$

15,396,661

$

15,586,068

Net interest income (3)

$

116,698

$

111,479

Net interest spread (3)

2.42

%

2.01

%

Net interest margin (3)

3.23

%

3.04

%

(1) Information presented on a consolidated basis (dollars in thousands).
(2) Average balance includes non-accrual loans.
(3) Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively.

Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2026 financial results. Interested parties can access the conference call by dialing 833-461-5787 (Toll Free North America) or (+1) 585-542-9983 (International Toll) and then using the conference ID 366946783. The conference call also will be webcast simultaneously on Hilltop's Investor Relations website (http://ir.hilltop.com).

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank's wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings' broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At June 30, 2026, Hilltop employed approximately 3,600 people and operated 304 locations in 47 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol "HTH." Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

Hilltop Holdings Inc. published this content on July 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 23, 2026 at 20:58 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]