Hilltop Holdings Inc. · NYSE:HTH
Hilltop — Q3 2020 Earnings Presentation
18 slides from Hilltop's earnings presentation, Oct 22, 2020
Slide 1: Hilltop Holdings Inc. Earnings Presentation Q3 2020
Hilltop Holdings Inc. Earnings Presentation Q3 2020 October 2020
Slide 2: Preface: Additional Information and Forward-Looking Statements
Preface 2 Additional Information Corporate Headquarters 6565 Hillcrest Ave Dallas, TX 75205 Phone: 214-855-2177 www.hilltop-holdings.com Please Contact: Erik Yohe Phone: 214-525-4634 Email: eyohe@hilltop-holdings.com FORWARD-LOOKING STATEMENTS This presentation and statements made by representatives
Slide 3: Notes: (1) HTH Consolidated defined as continuing and discontinued operations. (2) For a reconciliation
3 Notes: (1) HTH Consolidated defined as continuing and discontinued operations. (2) For a reconciliation of tangible book value per share to book value per share see management’s explanation of Non-GAAP Financial Measures in Appendix. (3) Based on the period Tier 1 capital divided by total average
Slide 4: Business Results
4 Business Results – Note: The sum of the period amounts may not equal the total amounts due to rounding. * - Includes post closing adjustment gain within discontinued operations of $0.7 million from sale of Insurance Segment. Q3 2020
Slide 5: COVID – Deferred Loan Portfolio Update
5 COVID 19 – Deferred Loan Portfolio Update
Slide 6: Financial Summary
6 Hilltop Holdings – Financial Summary Notes: (1) Pre-provision net revenue, or PPNR, is a non-GAAP financial measure and is calculated as the sum of net interest income and noninterest income less noninterest expense. Management believes that this financial measure is useful in assessing the abilit
Slide 7: Net Interest Income & Margin
7 Hilltop Holdings – Net Interest Income & Margin
Slide 8: Noninterest Income
8 Hilltop Holdings – Noninterest Income Note: (1) Fee Income Ratio is calculated as noninterest income divided by the sum of net interest income and noninterest income.
Slide 9: Noninterest Expenses
9 Hilltop Holdings – Noninterest Expenses Note: (1) Efficiency Ratio is calculated as noninterest expense divided by the sum of net interest income and noninterest income.
Slide 10: Notes: The sum of the period amounts may not equal the total amounts due
10 Notes: The sum of the period amounts may not equal the total amounts due to rounding. (1) Annualized HFI Gross Loan Yield contains purchased loan portfolio. Hilltop Holdings – Loans
Slide 11: Bank Asset Quality
11 Hilltop Holdings – Bank Asset Quality Note: The sum of the period amounts may not equal the total amounts due to rounding. Figures represent bank asset quality metrics only (excludes Loans HFS and Broker Dealer Margin Loans).
Slide 12: Deposits
12 Notes: Noninterest-bearing deposits excludes broker-dealer sweep deposits. The sum of the period amounts may not equal the total amounts due to rounding. Hilltop Holdings – Deposits
Slide 13: PlainsCapital Bank – Highlights
13 PlainsCapital Bank – Highlights Note: (1) Efficiency Ratio is calculated as noninterest expense divided by the sum of net interest income and noninterest income. Q3 2020
Slide 14: PrimeLending – Highlights
14 PrimeLending – Highlights Note: (1) Gain on Sale calculated as net gains from sale of loans divided by sales volume. Q 3 20 20
Slide 15: HilltopSecurities – Highlights
15 HilltopSecurities – Highlights Note: 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 10Q due to grouping of certain business lines into ‘Other’ (1) Bond Buyer website: Primary Market Statistics - Septem
Slide 16: 2020 Commentary Continuing Operations
16 Hilltop Holdings – 2020 Commentary Continuing Operations Commentary Loan Growth (Full year average HFI loan growth) • PPP loan originations expected to provide majority of loan growth • Retention of single family mortgage loans to begin in Q4 2020 Deposit Growth (Full year average deposit growth)
Slide 17: Appendix
Appendix tops RP
Slide 18: Non-GAAP to GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures
18 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