Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q3 2025 Earnings Presentation
21 slides from Hilltop's earnings presentation, Oct 23, 2025
Slide 1: Hilltop Holdings Inc. Q3 2025 Earnings Presentation
HILLTOP HOLDINGS INC. Q3 2025 EARNINGS PRESENTATION OCTOBER 2025
Slide 2: Preface and Forward-Looking Statements
2 ©2025 Hilltop Holdings. Confidential and Proprietary. PREFACE $36.1 MM $0.57 0.98% 6.62% 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 STAT
Slide 3: Investor Highlights – Q3 2025
3 ©2025 Hilltop Holdings. Confidential and Proprietary. INVESTOR HIGHLIGHTS – Q3 2025 • PlainsCapital Bank generated $54.7 million in pre-tax income during Q3 2025 • Bank net interest margin rose from 3.16% in Q2 2025 to 3.23% in Q3 2025. Loan yields increased 4 basis points to 5.85% and deposit cos
Slide 4: Capital Highlights – Q3 2025
4 ©2025 Hilltop Holdings. Confidential and Proprietary. $28.35 $29.49 $30.02 $30.56 $31.23 $32.58 $33.71 $34.29 $34.90 $35.69 19.32% 21.23% 21.17% 20.74% 20.33% 2.00% 22.00% 12/31/2023 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Tangible Book Value Per Share (Tangible Common Equity / Shares Outstanding
Slide 5: Q3 Financial Summary
5 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – Q3 FINANCIAL SUMMARY $ in millions, except EPS Income Statement and Key Metrics Q3 2025 Q2 2025 QoQ% Q3 2024 YoY% Net Interest Income $112.4 $110.7 2% $105.0 7% Noninterest Income 217.8 192.6 13% 200.4 9% Noninterest Expenses
Slide 6: Allowance for Credit Losses
6 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – ALLOWANCE FOR CREDIT LOSSES Allowance for Credit Losses at Period End 9/30/2025 Reserve Composition ($ in millions) Commentary • Applied Moody’s Analytics September 2025 baseline scenario for economic forecast • ACL % of Loan
Slide 7: Net Interest Income & Margin
7 ©2025 Hilltop Holdings. Confidential and Proprietary. Q2 2025 3.01% Loans Held For Investment 0.09% Stock Loan (0.02%) Other (0.02%) Q3 2025 3.06% HILLTOP HOLDINGS – NET INTEREST INCOME & MARGIN ($ in millions) Net Interest Income Quarter-over-Quarter Net Interest Margin Net Interest Margin Key Dr
Slide 8: Deposits
8 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – DEPOSITS $7.2 $7.7 $7.4 $7.0 $7.6 $2.8 $2.8 $2.9 $2.8 $2.8 $0.8 $0.6 $0.6 $0.6 $0.3 $10.8 $11.1 $10.8 $10.4 $10.7 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Interest-Bearing Deposits Noninterest-Bearing Deposits Broker-Dealer Sw
Slide 9: Noninterest Income
9 ©2025 Hilltop Holdings. Confidential and Proprietary. $79.9 $73.7 $67.8 $90.2 $76.6 $111.8 $114.3 $96.9 $96.5 $131.8 $10.7 $11.4 $10.8 $11.9 $11.0 ($2.1) ($3.9) $37.8 ($6.0) ($1.6) $200.4 $195.6 $213.3 $192.6 $217.8 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 PrimeLending HilltopSecurities PlainsCapit
Slide 10: Noninterest Expense
10 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – NONINTEREST EXPENSE $187.9 $189.5 $182.0 $190.9 $188.5 $76.4 $73.3 $69.4 $70.3 $83.4 $264.3 $262.8 $251.5 $261.2 $271.9 86.5% 87.3% 79.0% 86.1% 82.3% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $0.0 $5 0. 0 $ 100.0 $ 150.0 $20.
Slide 11: Loans
11 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – LOANS $6.0 $6.0 $6.0 $6.1 $6.2 $0.3 $0.4 $0.3 $0.3 $0.3 $1.3 $1.4 $1.4 $1.4 $1.4 $0.3 $0.2 $0.2 $0.3 $0.3 $8.0 $8.0 $8.0 $8.1 $8.2 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Mortgage Warehouse Lending 1 - 4 Family PrimeLending
Slide 12: Asset Quality
12 ©2025 Hilltop Holdings. Confidential and Proprietary. $94,343 $91,095 $89,159 $81,887 $76,542 1.23% 1.20% 1.17% 1.06% 0.97% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Total NPAs Total NPAs/(Total Bank Loans + OREO) 3.10% 3.10% 2.75% 2.35% 2.30% 0.70% 0.20% 0.97% 0.66% 3.80% 3.30% 3.72% 3.01% 2.30% Q
Slide 13: 2025 Outlook
13 ©2025 Hilltop Holdings. Confidential and Proprietary. 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 Gro
Slide 14: Appendix
14 ©2025 Hilltop Holdings. Confidential and Proprietary. Appendix
Slide 15: Non-GAAP to GAAP Reconciliation
15 ©2025 Hilltop Holdings. Confidential and Proprietary. 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, exclu
Slide 16: PlainsCapital Bank – Q3 2025 Highlights
16 ©2025 Hilltop Holdings. Confidential and Proprietary. PLAINSCAPITAL BANK – Q3 2025 HIGHLIGHTS 55.2% 57.8% 51.2% 55.4% 51.7% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 3.05% 2.98% 2.97% 3.16% 3.23% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Notes: (1) Efficiency Ratio is calculated as noninterest expens
Slide 17: PrimeLending – Q3 2025 Highlights
17 ©2025 Hilltop Holdings. Confidential and Proprietary. 224 221 224 228 234 139 134 129 118 108 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Reported Gain on Sale Mortgage Loan Origination Fees PRIMELENDING – Q3 2025 HIGHLIGHTS Notes: (1) Gain on Sale calculated as net gains from sale of loans divided b
Slide 18: HilltopSecurities – Q3 2025 Highlights
18 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOPSECURITIES – Q3 2025 HIGHLIGHTS 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 ‘O
Slide 19: Net Interest Income Rate Impacts
19 ©2025 Hilltop Holdings. Confidential and Proprietary. 11.0% 7.3% 5.4% 6.7% 5.2% Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 39% 8% 53% Fixed rate Variable rate at or below floors Variable rate above floors HILLTOP HOLDINGS – NET INTEREST INCOME RATE IMPACTS Notes: (1) Impact assumes instantaneous change t
Slide 20: Commercial Real Estate Portfolio
20 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – COMMERCIAL REAL ESTATE PORTFOLIO Commercial Real Estate Portfolio (Ending Balance, $ in millions, on September 30, 2025) CRE Allowance for Credit Losses (ACL) Commercial Real Estate – Non-Owner Occupied (Ending Balance on Se
Slide 21: Auto Lending Portfolio
21 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – AUTO LENDING PORTFOLIO Allowance for Credit Losses (ACL) • 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