Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q1 2025 Earnings Presentation
21 slides from Hilltop's earnings presentation, Apr 24, 2025
Slide 1: Hilltop Holdings Inc. Q1 2025 Earnings Presentation
Hilltop Holdings Inc. Q1 2025 Earnings Presentation April 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: Q1 2025 Investor Highlights
Q1 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 $40.1 million in pre-tax income during Q1 2025 • Bank net interest margin of 2.97% remained relative
Slide 4: Capital Highlights – Capital Management and Tangible Book Value Growth
$27.18 $28.35 $29.49 $30.02 $31.49 $32.58 $33.71 $34.29 18.23% 19.32% 21.23% 21.29% 2.00% 22.00% $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 12/31/2022 12/31/2023 12/31/2024 3/31/2025 Tangible Book Value Per Share (Tangible Common Equity / Shares Outstanding) Book Value per Share Common Equity
Slide 5: Hilltop Holdings – Financial Summary
5 Hilltop Holdings – 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). Q1 $ in Millions, except EPS Income Statement and Key Metrics Q1 2025 Q4 2024 QoQ% Q1 2024 Y
Slide 6: Hilltop Holdings – Allowance for Credit Losses
$104.2 $115.1 $110.9 $101.1 $106.2 ($4.3) $8.9 ($1.1) $1.6 1.29% 1.41% 1.39% 1.27% 1.33% 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 3/31/2024 6/30/2024 9/30/2024 12/31/2024 Net Charge-Off Collective - Portfolio Changes Collective - Econom
Slide 7: Hilltop Holdings – Net Interest Income & Margin
$103.6 $103.7 $105.0 $105.5 $105.1 $80.0 $85.0 $90.0 $95.0 $1 00.0 $1 05.0 $1 1 0. 0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 2.85% 2.90% 2.84% 2.72% 2.84% 1 .00% 1 .50% 2 .00% 2 .50% 3 .00% 3 .50% 4 .00% 4 .50% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 7 Hilltop Holdings – Net Interest Income & Margin
Slide 8: Hilltop Holdings – Deposits
$6.9 $6.8 $7.2 $7.7 $7.4 $3.0 $2.8 $2.8 $2.8 $2.9 $0.8 $0.8 $0.8 $0.6 $0.6 $0.2 $10.9 $10.4 $10.8 $11.1 $10.8 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Interest-Bearing Deposits Noninterest-Bearing Deposits Broker-Dealer Sweep Deposits Brokered Deposits 8 Notes: The sum of the period amounts may not e
Slide 9: Hilltop Holdings – Noninterest Income
$66.7 $92.9 $7 9.9 $7 3.7 $67 .8 $1 04.6 $92.1 $1 11.8 $1 14.3 $96.9 $1 1 .9 $9.3 $1 0.7 $1 1 .4 $1 0.8 ($1 .6) ($0.9) ($2.1) ($3.9) $37 .8 $181.6 $193.3 $200.4 $195.6 $213.3 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Corporate, other and eliminations PlainsCapital Bank HilltopSecurities PrimeLending 9
Slide 10: Hilltop Holdings – Noninterest Expenses
$192.6 $188.8 $187.9 $189.5 $182.0 $57.5 $67.6 $76.4 $73.3 $69.4 $250.0 $256.5 $264.3 $262.8 $251.5 87 .7 % 86.4% 86.5% 87 .3% 7 9.0% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 $0.0 $50. 0 $ 100.0 $ 150.0 $20. 0 $250 .0 $30. 0 $350 .0 $4 0. 0 Variable Compensation Expenses Other Than Variable Compensat
Slide 11: Hilltop Holdings – Loans
$6.2 $6.2 $6.0 $6.0 $6.0 $0.3 $0.3 $0.3 $0.4 $0.3 $1.4 $1.4 $1.3 $1.4 $1.4 $0.2 $0.3 $0.3 $0.2 $0.2 $8.1 $8.2 $8.0 $8.0 $8.0 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 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
$7 0,462 $109,101 $94,343 $91,095 $89,159 0.91% 1.39% 1.23% 1.20% 1.17 % -0.05% 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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Total NPAs Total NPAs/(Total Bank Loans + OREO) $4,311 $83 $2,894 $3,950 $4,257 0.22% 0.00% 0
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% – 3%) • Expect to retain $10 – $30 million per month of PrimeLending originated mortgages Loan Growth (Full year average HFI loan growth) •
Slide 14: Appendix
Appendix 14
Slide 15: Non-GAAP to GAAP Reconciliation and Explanation of Non-GAAP 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 Q1 2025
54.1% 57 .0% 55.2% 57 .8% 51.2% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 3.00% 3.10% 3.05% 2.98% 2.97 % Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 PlainsCapital Bank – Highlights Q1 2025 16 Efficiency Ratio1 Notes: (1) Efficiency Ratio is calculated as noninterest expense divided by the sum of net inter
Slide 17: PrimeLending – Highlights
216 228 224 221 224 158 145 139 134 129 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Reported Gain on Sale Mortgage loan origination fees and other related income 17 PrimeLending – Highlights Gain on Sale and Origination Fee Trends Notes: (1) Gain on Sale calculated as net gains from sale of loans divide
Slide 18: HilltopSecurities – Highlights Q1 2025
HilltopSecurities – Highlights Q1 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 Summary Results (
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 March 31, 2025) CRE Allowance for Credit Losses (ACL) Commercial Real Estate – Non-Owner Occupied (Ending Balance at March 31, 2025) (Ending Balance at March 31, 2025) $1,446 43
Slide 21: Hilltop Holdings – Auto Lending Portfolio
21 Hilltop Holdings – Auto Lending Portfolio Auto Note Financing Commitments1 Commentary Allowance for Credit Losses ($ 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