Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q3 2025 Earnings Presentation
21 slides from Hilltop's earnings presentation, Oct 24, 2025
Slide 1: Hilltop Holdings Inc. Q3 2025 Earnings Presentation
HILLTOP HOLDINGS INC. Q3 2025 EARNINGS PRESENTATION OCTOBER 2025
Slide 2: Preface: Forward-Looking Statements
PREFACE Corporate Headquarters Additional Information $36.1 MM $0.57 0.98% 6.62% 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 represen
Slide 3: Investor Highlights – Q3 2025
INVESTOR HIGHLIGHTS – Q3 2025 Net Income EPS - Diluted ROAA ROAE $45.8 MM $0.74 . 1.20% 8.35% • 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 dep
Slide 4: Capital Highlights – Q3 2025
CAPITAL HIGHLIGHTS – Q3 2025 • During Q3 2025, Hilltop returned $66.3 million to stockholders through dividends and share repurchases • $11.2 million in dividends • $55.1 million in share repurchases Capital Management and Tangible Book Value Growth 22.00% 21.23% 21.17% 20.74% 20.33% 19.32% $35.69 $
Slide 5: Q3 Financial Summary
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% $105.0 7% Noninterest Income 217.8 192.6 13% 200.4 9% Noninterest Expenses 271.9 261.2 4% 264.3 3% Efficiency Ratio 82.3% 86.1% 86
Slide 6: Allowance for Credit Losses
HILLTOP HOLDINGS – ALLOWANCE FOR CREDIT LOSSES Allowance for Credit Losses at Period End ($ in millions) $115.0 4.00% $110.9 $106.2 3.50% $105.0 $101.1 $4.7 $98.0 3.00% $95.2 $95.0 ($0.3) ($5.2) ($2.0) 2.50% $85.0 2.00% 1.39% 1.33% 1.50% $75.0 1.27% 1.22% 1.16% 1.00% $65.0 0.50% $55.0 0.00% 9/30/202
Slide 7: Net Interest Income & Margin
HILLTOP HOLDINGS – NET INTEREST INCOME & MARGIN Net Interest Income Quarter-over-Quarter Net Interest Margin ($ in millions) Q2 2025 3.01% $112.4 $ 1 1 .5 0 $110.7 $ 1 1 .0 0 Loans Held For Investment 0.09% $105.0 $105.5 $105.1 Stock Loan (0.02%) $1 05 0 . Other (0.02%) $1 00 0 . Q3 2025 3.06% $9 50
Slide 8: Deposits
HILLTOP HOLDINGS – DEPOSITS Deposit Mix at Period End Key Drivers & Statistics ($ in billions) Q3'24 Q2'25 Q3'25 Average Depos its ($B) $10.5 $10.6 $10.5 Average Broker-Deal er Sweep Depos i ts ($B) $0.8 $0.6 $0.5 $11.1 1 $10.8 $10.8 $10.7 Cos t of Interest-Beari ng Depos i ts 3.62% 2.91% 2.90% $0.6
Slide 9: Noninterest Income
HILLTOP HOLDINGS – NONINTEREST INCOME Noninterest Income Year-over-Year Noninterest Income ($ in millions) ($ in millions) Q3 2024 $200.4 Mortgage Production Income & Fees (3.4) $217.8 $213.3 Securities and Investment Advisory Fees & Commissions 19.4 $11.0 $200.4 $195.6 $192.6 Other Income 1.3 $10.7
Slide 10: Noninterest Expense
HILLTOP HOLDINGS – NONINTEREST EXPENSE Noninterest Expenses Year-over-Year Noninterest Expense ($ in millions) ($ in millions) Q3 2024 $264.3 $4 0. 0 87.3% Compens a ti on a nd Benefits 12.0 86.5% 86.1% Occupa ncy a nd Equi pment (2.4) 82.3% Profes s i ona l Servi ces 1.0 $ 3 0 5 0 . 79.0% Other Exp
Slide 11: Loans
HILLTOP HOLDINGS – LOANS Loan Mix at Period End Key Drivers & Statistics ($ in billions) Q3'24 Q2'25 Q3'25 $8.2 Average Loans HFI Balance ($B) $8.0 $8.1 $8.1 $8.0 $8.0 $8.0 $8.1 $0.3 Annualized HTH Loan HFI Yield % 6.19% 5.84% 5.95% $0.3 $0.2 $0.2 $0.3 Annualized Bank Loan HFI Yield % 6.07% 5.81% 5.
Slide 12: Asset Quality
HILLTOP HOLDINGS – ASSET QUALITY Criticized Loans as a % of Bank Loans Non-Performing Assets ($ in thousands) 1.23% 1.20% 1.17% 3.80% 1.06% 3.72% 0.97% 3.30% 0.70% 3.01% 0.20% 0.97% 0.66% 2.30% $94,343 $91,095 $89,159 $81,887 $76,542 3.10% 3.10% 2.75% 2.35% 2.30% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2
Slide 13: 2025 Outlook
HILLTOP HOLDINGS – 2025 OUTLOOK Outlook Loan Growth • Full year average Bank loans (excluding retained mortgages and mortgage warehouse lending) to increase modestly (0% – 2%) (Full year average HFI loan growth) • Expect to retain $10 – $30 million per month of originated mortgages Deposit Growth •
Slide 14: Appendix
Appendix 14 ©2025 Hilltop Holdings. Confidential and Proprietary.
Slide 15: Non-GAAP to GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures
NON-GAAP TO GAAP RECONCILIATION AND MANAGEMENT’S EXPLANATION OF NON- GAAP FINANCIAL MEASURES Tangible Common Equity is a non-GAAP financial measure. Tangible common equity is defined as our total stockholders’ equity, excluding preferred stock, reduced by goodwill and other intangible assets. This i
Slide 16: PlainsCapital Bank – Q3 2025 Highlights
PLAINSCAPITAL BANK – Q3 2025 HIGHLIGHTS Summary Results ($ in millions) Q3 2024 Q3 2025 Key Highlights Q3 2024 Q3 2025 Net Interes t Income $93.5 $96.8 ROAA 1.14% 1.34% Provi s i on for (Revers a l of) Credi t Los s es (1.4) (2.6) Ful l Servi ce Bra nches (peri od end) 55 55 Noni nteres t Income 10.
Slide 17: PrimeLending – Q3 2025 Highlights
PRIMELENDING – Q3 2025 HIGHLIGHTS Summary Results Key Highlights ($ in millions) Q3 2024 Q3 2025 ($ in millions) Q3 2024 Q3 2025 Net Interes t Income (Expens e) ($4.4) ($2.1) Ori gi na ti on Vol ume $2,307 $2,297 Noni nteres t Income 79.9 76.6 % Purcha s e 91% 88% Noni nteres t Expens e 84.2 81.8 Sa
Slide 18: HilltopSecurities – Q3 2025 Highlights
HILLTOPSECURITIES – Q3 2025 HIGHLIGHTS Net Revenues By Business Lines Key Highlights ($ in millions) Q3 2024 Q3 2025 ($ in millions) Q3 2024 Q3 2025 Publ i c Fi na nce Servi ces $29.4 $37.4 Compens a ti on/Net Revenue (%) 61.1% 60.2% Fi xed Income Servi ces 17.7 20.0 Pre-ta x Ma rgi n (%) 13.7% 18.3
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 9/30/2025 11.0% 7.3% Fixed rate 39% 6.7% 5.4% 5.2% Variable rate at or below floors 53% Variable rate above floors 8% Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 • Represents impact on
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, on September 30, 2025) (Ending Balance on September 30, 2025) Office 13% CRE Owner Retail 25% 6% Occupied Hotel/Motel $1,527 $2,066 43% 57%
Slide 21: Auto Lending Portfolio
HILLTOP HOLDINGS – AUTO LENDING PORTFOLIO Auto Note Financing Commitments ¹ Commentary ($ in millions) • Auto Note Finance committed portfolio balance has been in decline since 2021 $290 $281 o The impacts of higher interest rates and declining values of used vehicles continue to put downward pressu