Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q4 2025 Earnings Presentation
22 slides from Hilltop's earnings presentation, Jan 29, 2026
Slide 1: Hilltop Holdings Inc. Q4 2025 Earnings Presentation
HILLTOP HOLDINGS INC. Q4 2025 EARNINGS PRESENTATION JANUARY 2026
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 – Q4 2025
3 ©2025 Hilltop Holdings. Confidential and Proprietary. INVESTOR HIGHLIGHTS – Q4 2025 • PlainsCapital Bank generated $43.5 million in pre-tax income during Q4 2025 • Bank net interest margin rose from 3.23% in Q3 2025 to 3.29% in Q4 2025. Loan yields decreased 13 basis points to 5.72% and deposit co
Slide 4: Capital Highlights – Q4 2025
4 ©2025 Hilltop Holdings. Confidential and Proprietary. $27.18 $28.35 $29.49 $31.83 $31.49 $32.58 $33.71 $36.42 18.23% 19.32% 21.23% 19.70% 2.00% 22.00% 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Tangible Book Value Per Share (Tangible Common Equity / Shares Outstanding) Book Value Per Share Common
Slide 5: Q4 Financial Summary
5 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – Q4 FINANCIAL SUMMARY Notes: (1) Pre-Provision Net Revenue is calculated as the sum of net interest income and noninterest income less noninterest expense (except provision for loan losses) $ in millions, except EPS Income Sta
Slide 6: Full Year Financial Summary
6 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – FULL YEAR FINANCIAL SUMMARY Notes: (1) Pre-Provision Net Revenue is calculated as the sum of net interest income and noninterest income less noninterest expense (except provision for loan losses) $ in Millions, except EPS 202
Slide 7: Allowance for Credit Losses
7 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – ALLOWANCE FOR CREDIT LOSSES Allowance for Credit Losses at Period End 12/31/2025 Reserve Composition ($ in millions) Commentary • Applied Moody’s Analytics December 2025 baseline scenario for economic forecast • ACL % of Loan
Slide 8: Net Interest Income & Margin
8 ©2025 Hilltop Holdings. Confidential and Proprietary. Q3 2025 3.06% Loans Held For Investment (0.08%) Loans Held for Sale (0.08%) Core Deposits 0.09% Other 0.03% Q4 2025 3.02% HILLTOP HOLDINGS – NET INTEREST INCOME & MARGIN ($ in millions) Net Interest Income Quarter-over-Quarter Net Interest Marg
Slide 9: Deposits
9 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – DEPOSITS $7.7 $7.4 $7.0 $7.6 $7.9 $2.8 $2.9 $2.8 $2.8 $2.8 $0.6 $0.6 $0.6 $0.3 $0.1 $11.1 $10.8 $10.4 $10.7 $10.9 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Interest-Bearing Deposits Noninterest-Bearing Deposits Broker-Dealer Sw
Slide 10: Noninterest Income
10 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – NONINTEREST INCOME $73.7 $67.8 $90.2 $76.6 $76.2 $114.3 $96.9 $96.5 $131.8 $125.5 $11.4 $10.8 $11.9 $11.0 $12.4 ($3.9) $37.8 ($6.0) ($1.6) $3.3 $195.6 $213.3 $192.6 $217.8 $217.4 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Prime
Slide 11: Noninterest Expense
11 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – NONINTEREST EXPENSE $189.5 $182.0 $190.9 $188.5 $185.0 $73.3 $69.4 $70.3 $83.4 $83.9 $262.8 $251.5 $261.2 $271.9 $268.9 87.3% 79.0% 86.1% 82.3% 81.5% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $0.0 $5 0. 0 $ 100.0 $ 150.0 $20.
Slide 12: Loans
12 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – LOANS $6.0 $6.0 $6.1 $6.2 $6.3 $0.4 $0.3 $0.3 $0.3 $0.3 $1.4 $1.4 $1.4 $1.4 $1.4 $0.2 $0.2 $0.3 $0.3 $0.3 $8.0 $8.0 $8.1 $8.2 $8.3 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Mortgage Warehouse Lending 1 - 4 Family PrimeLending
Slide 13: Asset Quality
13 ©2025 Hilltop Holdings. Confidential and Proprietary. $3,950 $4,257 $896 $282 $11,455 0.21% 0.23% 0.05% 0.01% 0.58% -0.20% -0.10% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% $- $1,500 $3,000 $4,500 $6,000 $7,500 $9,000 $10,500 $12,000 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 NCOs NCOs/Avg. Total Ban
Slide 14: 2026 Outlook
14 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – 2026 OUTLOOK Outlook • Full year average Bank loans (excluding retained mortgages and mortgage warehouse lending) expected to increase 4% – 6% • Expect to retain $10 – $30 million per month of originated mortgages Loan Growt
Slide 15: Appendix
15 ©2025 Hilltop Holdings. Confidential and Proprietary. Appendix
Slide 16: Non-GAAP to GAAP Reconciliation
16 ©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 17: PlainsCapital Bank – Q4 2025 Highlights
17 ©2025 Hilltop Holdings. Confidential and Proprietary. PLAINSCAPITAL BANK – Q4 2025 HIGHLIGHTS 57.8% 51.2% 55.4% 51.7% 54.1% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2.98% 2.97% 3.16% 3.23% 3.29% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Notes: (1) Efficiency Ratio is calculated as noninterest expens
Slide 18: PrimeLending – Q4 2025 Highlights
18 ©2025 Hilltop Holdings. Confidential and Proprietary. PRIMELENDING – Q4 2025 HIGHLIGHTS 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. $2.3 $1.7 $2.4 $2.3 $2.4 Q4 2024 Q1 20
Slide 19: HilltopSecurities – Q4 2025 Highlights
19 ©2025 Hilltop Holdings. Confidential and Proprietary. HILLTOPSECURITIES – Q4 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-K due to grouping of certain business lines into ‘O
Slide 20: Commercial Real Estate Portfolio
20 ©2025 Hilltop Holdings. Confidential and Proprietary. 12/31/2025 9/30/2025 CRE Non-Owner Occupied Office $538.4 $10.2 1.9% 2.3% CRE Non-Owner Occupied Retail $365.4 $2.8 0.8% 0.7% CRE Non-Owner Occupied Office and Retail $903.8 $13.0 1.4% 1.6% All other CRE Non-Owner Occupied $1,217.3 $11.3 0.9%
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
Slide 22: Net Interest Income Rate Impacts
22 ©2025 Hilltop Holdings. Confidential and Proprietary. 39% 10% 51% 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 to interest rates. Assumes interest rate floor at 1 basis poi