Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q2 2025 Earnings Presentation
21 slides from Hilltop's earnings presentation, Jul 24, 2025
Slide 1: Hilltop Holdings Inc. Q2 2025 Earnings Presentation
Hilltop Holdings Inc. Q2 2025 Earnings Presentation July 25, 2025
Slide 2: Preface: Forward-Looking Statements
Preface 2 Corporate Headquarters Additional Information 6565 Hillcrest Ave Dallas, TX 75205 Phone: 214-855-2177 www.hilltop.com Please Contact: Matt Dunn Phone: 214-525-4636 Email: mdunn@hilltop.com FORWARD-LOOKING STATEMENTS This presentation and statements made by representatives of Hilltop Holdin
Slide 3: Q2 2025 Investor Highlights
Q2 2025 3 Investor Highlights – Notes: (1) Average Bank Loans HFI reflect consolidated loans held for investment excluding margin loans from the Broker-Dealer business. • PlainsCapital Bank generated $54.9 million in pre-tax income during Q2 2025 • Bank net interest margin rose from 2.97% in Q1 2025
Slide 4: Capital Highlights – Capital Management and Tangible Book Value Growth
$28.35 $29.49 $30.02 $30.56 $32.58 $33.71 $34.29 $34.90 19.32% 21.23% 21.29% 20.74% 2.00% 22.00% $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 12/31/2023 12/31/2024 3/31/2025 6/30/2025 Tangible Book Value Per Share (Tangible Common Equity / Shares Outstanding) Book Value per Share Common Equity T
Slide 5: Hilltop Holdings – Financial Summary
5 Hilltop Holdings – Financial Summary $ in Millions, except EPS Income Statement and Key Metrics Q2 2025 Q1 2025 QoQ% Q2 2024 YoY% Net interest income $110.7 $105.1 5% 103.7 7% Noninterest income 192.6 $213.3 (10%) 193.3 (0%) Noninterest expenses 261.2 $251.5 4% 256.5 2% Efficiency ratio 86.1% 79.0
Slide 6: Hilltop Holdings – Allowance for Credit Losses
$115.1 $110.9 $101.1 $106.2 $98.0 ($0.9) $1.8 ($4.9) ($4.2) 1.41% 1.39% 1.27% 1.33% 1.22% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% $55.0 $65.0 $75.0 $85.0 $95.0 $105.0 $115.0 $125.0 6/30/2024 9/30/2024 12/31/2024 3/31/2025 Net Charge-Off Specific Reserves Collective - Portfolio Changes
Slide 7: Hilltop Holdings – Net Interest Income & Margin
2.90% 2.84% 2.72% 2.84% 3.01% 1 .00% 1 .50% 2 .00% 2 .50% 3 .00% 3 .50% 4 .00% 4 .50% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 7 Hilltop Holdings – Net Interest Income & Margin Net Interest Margin 2 Net Interest Income Quarter-over-Quarter Net Interest Margin Key Drivers & Statistics ($ in millions)
Slide 8: Hilltop Holdings – Deposits
$6.8 $7.2 $7.7 $7.4 $7.0 $2.8 $2.8 $2.8 $2.9 $2.8 $0.8 $0.8 $0.6 $0.6 $0.6 $10.4 $10.8 $11.1 $10.8 $10.4 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Interest-Bearing Deposits Noninterest-Bearing Deposits Broker-Dealer Sweep Deposits Brokered Deposits 8 Notes: The sum of the period amounts may not equal
Slide 9: Hilltop Holdings – Noninterest Income
$92.9 $7 9.9 $7 3.7 $67 .8 $90.2 $92.1 $1 11.8 $1 14.3 $96.9 $96.5 $9.3 $1 0.7 $1 1 .4 $1 0.8 $1 1 .9 ($0.9) ($2.1) ($3.9) $37 .8 ($6.0) $193.3 $200.4 $195.6 $213.3 $192.6 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Corporate, other and eliminations PlainsCapital Bank HilltopSecurities PrimeLending 9 Hi
Slide 10: Hilltop Holdings – Noninterest Expenses
$188.8 $187.9 $189.5 $182.0 $190.9 $67.6 $76.4 $73.3 $69.4 $70.3 $256.5 $264.3 $262.8 $251.5 $261.2 86.4% 86.5% 87 .3% 7 9.0% 86.1% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 $0.0 $5 0. 0 $ 100.0 $ 15 0.0 $2 0. 0 $2 50 .0 $3 0. 0 $350 .0 $4 0. 0 Variable Compensation Expenses Other Than Variable Compen
Slide 11: Hilltop Holdings – Loans
$6.2 $6.0 $6.0 $6.0 $6.1 $0.3 $0.3 $0.4 $0.3 $0.3 $1.4 $1.3 $1.4 $1.4 $1.4 $0.3 $0.3 $0.2 $0.2 $0.3 $8.2 $8.0 $8.0 $8.0 $8.1 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Mortgage Warehouse Lending 1 - 4 Family PrimeLending Retained Mortgages Broker-Dealer Loans All Other Loans 11 Notes: (1) 1-4 Family Pr
Slide 12: Hilltop Holdings – Asset Quality
$109,101 $94,343 $91,095 $89,159 $81,887 1.39% 1.23% 1.20% 1.17% 1.06% -0.0 0.20 0.45 0.70 0.95 1.20 1.45% 1.70% $0 $25,000 $50,000 $75,000 $100,000 $125,000 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Total NPAs Total NPAs/(Total Bank Loans + OREO) $83 $2,894 $3,950 $4,257 $896 0.00% 0.15% 0.21% 0.23%
Slide 13: Hilltop Holdings – 2025 Outlook
13 Hilltop Holdings – 2025 Outlook Outlook • Full year average Bank loans (excluding retained mortgages and mortgage warehouse lending) to increase modestly (0% – 2%) • Expect to retain $10 – $30 million per month of originated mortgages Loan Growth (Full year average HFI loan growth) • Full year av
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP to GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures
15 Non-GAAP to GAAP Reconciliation and Management’s Explanation of Non-GAAP Financial Measures • Hilltop Consolidated Tangible Common Equity is a non-GAAP financial measure. Tangible common equity is defined as our total stockholders’ equity, excluding preferred stock, reduced by goodwill and other
Slide 16: PlainsCapital Bank – Highlights Q2 2025
57 .0% 55.2% 57 .8% 51.2% 55.4% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 3.10% 3.05% 2.98% 2.97 % 3.16% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 PlainsCapital Bank – Highlights Q2 2025 16 Efficiency Ratio1 Notes: (1) Efficiency Ratio is calculated as noninterest expense divided by the sum of net inter
Slide 17: PrimeLending – Highlights
17 PrimeLending – Highlights Gain on Sale and Origination Fee Trends Notes: (1) Gain on Sale calculated as net gains from sale of loans divided by sales volume. Reported Gain on Sale reflects impact of loans retained by PlainsCapital Bank. 1 Mortgage Origination Volume $2.4 $2.3 $2.3 $1.7 $2.4 Q2 20
Slide 18: HilltopSecurities – Highlights Q2 2025
HilltopSecurities – Highlights Q2 2025 18 Notes: The sum of the period amounts may not equal the total amounts due to rounding. Presented net revenue by business line may differ slightly from 10-Q due to grouping of certain business lines into ‘Other’. Net Revenues by Business Line Key Highlights ($
Slide 19: Hilltop Holdings – Net Interest Income Rate Impacts
19 Hilltop Holdings – Net Interest Income Rate Impacts Asset Sensitivity Trending 1 Note: (1) Impact assumes instantaneous change to interest rates. Assumes interest rate floor at 1 basis point (2) Bank variable rate loans above the floor that will reset in the next 12 months. Does not include Prime
Slide 20: Hilltop Holdings – Commercial Real Estate Portfolio
20 Hilltop Holdings – Commercial Real Estate Portfolio Commercial Real Estate Portfolio (Ending Balance, $ in millions, at June 30, 2025) CRE Allowance for Credit Losses (ACL) Commercial Real Estate – Non-Owner Occupied (Ending Balance at June 30, 2025) (Ending Balance at June 30, 2025) $1,481 42% $
Slide 21: Hilltop Holdings – Auto Lending Portfolio
21 Hilltop Holdings – Auto Lending Portfolio Auto Note Financing Commitments1 Commentary Allowance for Credit Losses ($ in millions) • Auto Note Finance committed portfolio balance has been in decline since 2021 o The impacts of higher interest rates and declining values of used vehicles continue to