Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q2 2025 Earnings Presentation
21 slides from Hilltop's earnings presentation, Jul 25, 2025
Slide 1: Hilltop Holdings Inc. Q2 2025 Earnings Presentation
Hilltop Holdings Inc. Q2 2025 Earnings Presentation July 25, 2025
Slide 2: Preface
Preface Corporate Headquarters Additional Information 6565 Hillcrest Ave Please Contact: Dallas, TX 75205 Matt Dunn Phone: 214-855-2177 Phone: 214-525-4636 www.hilltop.com Email: mdunn@hilltop.com FORWARD-LOOKING STATEMENTS This presentation and statements made by representatives of Hilltop Holdings
Slide 3: Investor Highlights – Q2 2025
Investor Highlights – Q2 2025 Net Income EPS – Diluted ROAA ROAE $36.1 MM $0 $0.57 0.98% .86% 6.62% 5.76% • PlainsCapital Bank generated $54.9 million in pre-tax income during Q2 2025 • Bank net interest margin rose from 2.97% in Q1 2025 to 3.16% in Q2 2025. Loan yields increased 5 basis points to 5
Slide 4: Capital Highlights – Q2 2025
Capital Highlights – Q2 2025 • During Q2 2025, Hilltop returned $46.4 million to stockholders through dividends and share repurchases • $11.5 million in dividends • $34.9 million in share repurchases Capital Management and Tangible Book Value Growth $40.00 22.00% 21.23% 21.29% 20.74% $35.00 19.32% $
Slide 5: Q2 Financial Summary
Hilltop Holdings – Q2 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 $251.5 4% 256.5 2% Efficiency ratio 86.1% 79.
Slide 6: Allowance for Credit Losses
Hilltop Holdings – Allowance for Credit Losses Allowance for Credit Losses at Period End ($ in millions) $125.0 4.00% $115.1 3.50% $115.0 $110.9 $106.2 ($0.9) $1.8 ($4.9) 3.00% $105.0 $101.1 ($4.2) $98.0 ACL / Total Loans HFI 2.50% $95.0 2.00% $85.0 1.50% 1.41% 1.39% 1.33% $75.0 1.27% 1.22% 1.00% $6
Slide 7: Net Interest Income & Margin
Hilltop Holdings – Net Interest Income & Margin Net Interest Income Quarter-over-Quarter Net Interest Margin ($ in millions) Q1 2025 2.84%2 $ 1 1 .5 0 $110.7 $ 1 1 .0 0 Loans Held For Inv estment 0.07 % $105.0 $105.5 $105.1 $ 1 05 0 . $103.7 Deposits 0.05% Stock Loan 0.04% $1 000 . Other 0.01 % $ 95
Slide 8: Deposits
Hilltop Holdings – Deposits Deposit Mix at Period End Key Drivers & Statistics ($ in billions) Q2'24 Q1'25 Q2'25 Av erage Deposits ($B) $1 0.4 $1 0.9 $1 0.6 $11.1 $10.8 $10.8 Av erage Broker-Dealer Sweep Deposits ($B) $0.8 $0.6 $0.6 $10.4 $ 0.6 $10.4 1 $ 0.8 $ 0.6 Cost of Interest-Bearing Deposits 3
Slide 9: Noninterest Income
Hilltop Holdings – Noninterest Income Noninterest Income Year-over-Year Noninterest Income ($ in millions) ($ in millions) Q2 2024 $193.3 $213.3 $200.4 $195.6 $192.6 Mortgage Production Income & Fees (1 2.2) $193.3 $1 0.7 $3 7 .8 $1 1 .4 $1 1 .9 Securities and Inv estment Adv isory Fees & Commission
Slide 10: Noninterest Expenses
Hilltop Holdings – Noninterest Expenses Noninterest Expenses Year-over-Year Noninterest Expense ($ in millions) ($ in millions) Q2 2024 $ 256.5 87 .3% $4 0. 0 86.4% 86.5% 86.1% Com pensation and Benefits 6 .4 Occupancy and Equipm ent (0.2 ) $ 3 0 5 0 . Professional Serv ices 0.6 Other Expenses (2 .0
Slide 11: Loans
Hilltop Holdings – Loans Loan Mix at Period End Key Drivers & Statistics ($ in billions) Q2'24 Q1'25 Q2'25 $ 8.2 $ 8.0 $ 8.0 $ 8.0 $ 8.1 $ 0.3 Av erage Loans HFI Balance ($B) $7 .9 $7 .9 $8.1 $ 0.3 $ 0.2 $ 0.2 $ 0.3 Annualized HTH Loan HFI Yield % 6.3 6% 5.82 % 5.84% $ 1.4 $ 1.4 $ 1.4 Annualized Ban
Slide 12: Asset Quality
Hilltop Holdings – Asset Quality Criticized Loans as a % of Bank Loans Non-Performing Assets ($ in thousands) 1.70% $125,000 1.39% 3.80% 3.7 2% 1.45% 3.60% 1.23% 1.20% 3.30% $100,000 1.17% 0.7 0% 1.06% 1.20 0.7 0% 0.20% 0.97 % 3.01% $75,000 0.66% 0.95 0.70 $50,000 2.90% 3.10% 3.10% 2.7 5% 0.45 2.35%
Slide 13: 2025 Outlook
Hilltop Holdings – 2025 Outlook Outlook • Full year average Bank loans (excluding retained mortgages and mortgage warehouse Loan Growth lending) to increase modestly (0% – 2%) (Full year average HFI loan growth) • Expect to retain $10 – $30 million per month of originated mortgages Deposit Growth •
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP to GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures
Non-GAAP to GAAP Reconciliation and Management’s Explanation of Non-GAAP Financial Measures Tangible Common Equity is a non-GAAP financial measure. Tangible common equity is defined as our total stockholders’ equity, excluding preferred stock, reduced by goodwill and other intangible assets. This is
Slide 16: PlainsCapital Bank – Q2 2025 Highlights
PlainsCapital Bank – Q2 2025 Highlights Summary Result s Q2 Q2 Q2 Q2 ($ in millions) 2024 2025 Key Highlights 2024 2025 Net Interest Incom e $92 .5 $9 4.9 ROAA 0.81 % 1 .3 5% Prov ision for (rev ersal of) Credit Losses 1 1 .0 (7 .3 ) Full Serv ice Branches (period end) 57 55 Noninterest Incom e 9 .3
Slide 17: PrimeLending – Q2 2025 Highlights
PrimeLending – Q2 2025 Highlights Summary Result s Q2 Q2 Q2 Q2 ($ in millions) 2024 2025 Key Highlights 2024 2025 Net Interest Incom e (Expense) ($4 .6 ) ($2 .3 ) Origination Volum e ($m m ) $2,3 7 9 $2,43 3 Noninterest Incom e 9 2 .9 90.2 % Purchase 93 % 89% Noninterest Expense 86 .9 84 .7 Sales Vo
Slide 18: HilltopSecurities – Q2 2025 Highlights
HilltopSecurities – Q2 2025 Highlights Summary Result s Q2 Q2 Key Highlights ($ in millions) 2024 2025 ($ in millions) Q2 2024 Q2 2025 Net Interest Incom e $1 2 .2 $1 3 .2 Compensation/Net Revenue (%) 63.5% 67.0% Prov ision for (Rev ersal of) Credit Losses (0.0) 0.0 Pre-tax Margin (%) 6.9% 5.8% FDIC
Slide 19: Net Interest Income Rate Impacts
Hilltop Holdings – Net Interest Income Rate Impacts Asset Sensitivity Trending 1 Bank Loans HFI – Fixed vs. Variable Rate at 6/30/25 Fixed rate 40% Variable rate at or below floors 52% Variable rate above floors 8% Represents impact on HTH NII to an instantaneous +100 basis point shock Chart does no
Slide 20: Commercial Real Estate Portfolio
Hilltop Holdings – Commercial Real Estate Portfolio Commercial Real Estate Portfolio Commercial Real Estate – Non-Owner Occupied (Ending Balance, $ in millions, at June 30, 2025) (Ending Balance at June 30, 2025) Office 14% Retail 26% Hotel/Motel 6% CRE Owner Occupied $1,481 $2,015 Multifamily 42% 5
Slide 21: Auto Lending Portfolio
Hilltop Holdings – Auto Lending Portfolio Auto Note Financing Commitments1 Commentary ($ 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 put downward pressure on the p