HTH · Hilltop Holdings Inc.

Hilltop Holdings Inc. released its Q1 2026 earnings presentation via Item 7.01, furnishing key financial metrics ahead of an investor webcast on April 24, 2026. Consolidated net income attributable to Hilltop fell 10% year-over-year to $37.8 million, with diluted EPS at $0.64, reflecting softer noninterest income of $188.4 million (down 12% YoY) amid reduced mortgage-related gains and a one-time Q1 2025 merchant banking sale impact. Total revenue declined 6% to $300.5 million, while noninterest expenses improved 1% to $248.3 million, yielding an efficiency ratio of 82.6%. PlainsCapital Bank drove strength with $47.1 million pre-tax income, as net interest margin expanded 9 basis points quarter-over-quarter to 3.38%, supported by a 18 basis point drop in deposit costs despite 2 basis point lower loan yields; average loans HFI grew 1.3% to $7.987 billion, while deposits dipped 0.6%. Provision for credit losses shrank 81% YoY to $1.8 million, with ACL at 1.06% of loans HFI ($89.0 million total). PrimeLending posted a $2.4 million pre-tax loss despite 16% YoY origination growth to $2.0 billion and 261 basis point gain-on-sale margins (up 11 bps QoQ), pressured by higher fixed costs. HilltopSecurities contributed $14.8 million pre-tax income (12.7% margin) on $116.1 million net revenue, up from Q1 2025 due to fixed income and wealth management gains. Balance sheet remained solid with $15.7 billion EOP assets, $10.5 billion deposits, and CET1 ratio near 19%. Capital returns were robust at $59.4 million ($47.5 million repurchases reducing shares 9% YoY, $11.8 million dividends), bolstering tangible book value per share to $36.63.