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Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2026
Hilltop Holdings Inc. Announces Financial Results for Second Quarter
About this update from Hilltop Holdings Inc.
Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2026. Hilltop produced income attributable to common stockholders of $36.5 million, or $0.63 per diluted share, for the second quarter of 2026, compared to $36.1 million, or $0.57 per diluted share, for the second quarter of 2025. Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per common share, a 10% increase from the prior quarter, payable on August 21, 2026 to all common stockholders of record as of the close of business on August 7, 2026. Additionally, during the second quarter of 2026, Hilltop paid $47.0 million to repurchase an aggregate of 1,250,000 shares of its common stock at an average price of $37.58 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock. Furthermore, in July 2026, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $200.0 million, an increase of $75.0 million. As a result of share repurchases during 2026, Hilltop has approximately $106 million of available share repurchase capacity through the expiration of the 2026 stock repurchase program in January 2027. The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, elevated energy prices, and international armed conflicts and their impact on supply chains within our business segments during the second quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026. Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “During the second quarter of 2026, Hilltop delivered a 1% return on average assets and returned approximately $59 million to stockholders through dividends and share repurchases. At PlainsCapital Bank, continued core loan growth and an expansion in net interest margin drove a 1.3% return on average assets and $51 million of pre-tax income. PrimeLending realized a $2 million pre-tax loss on $2.4 billion of origination volume as the mortgage market faced a subdued start to the summer buying season primarily due to the recent increase in mortgage rates. HilltopSecurities produced a 10% pre-tax margin on $124 million of net revenues to deliver $12 million of pre-tax income, which was primarily driven by strong quarters in its Wealth Management and Structured Finance business lines. As we look to the second half of 2026, we expect to continue to execute on our strategic priorities while prudently managing capital and creating long-term value for our stockholders.” Second Quarter 2026 Highlights for Hilltop: The reversal of credit losses was $1.0 million during the second quarter of 2026, compared to a provision for credit losses of $1.8 million in the first quarter of 2026 and a reversal of credit losses of $7.3 million in the second quarter of 2025; The reversal of credit losses during the second quarter of 2026 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes, partially offset by a build in the allowance related to specific reserves within the banking segment since the prior quarter. For the second quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $78.9 million, compared to $80.7 million in the second quarter of 2025, a 2.2% decrease; Mortgage loan origination production volume was $2.4 billion during the second quarter of 2026, compared to $2.4 billion during the second quarter of 2025; Net gains from mortgage loans sold to third parties, including broker fee income, decreased to 229 basis points during the second quarter of 2026, compared to 261 basis points in the first quarter of 2026. Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the second quarter of 2026 were 0.99% and 6.89%, respectively, compared to 0.98% and 6.62%, respectively, for the second quarter of 2025; Hilltop’s book value per common share increased to $37.12 at June 30, 2026, compared to $36.63 at March 31, 2026; Hilltop’s total assets were $16.0 billion and $15.7 billion at June 30, 2026 and March 31, 2026, respectively; Loans 1 , net of allowance for credit losses, were $8.2 billion and $8.0 billion at June 30, 2026 and March 31, 2026, respectively; Non-accrual loans were $54.8 million, or 0.57% of total loans, at June 30, 2026, compared to $61.0 million, or 0.66% of total loans, at March 31, 2026; Loans held for sale increased by 24.3% from March 31, 2026 to $1.0 billion at June 30, 2026; Total deposits 2 were $10.5 billion at each of June 30, 2026 and March 31, 2026; Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio 3 of 12.73% and a Common Equity Tier 1 Capital Ratio of 18.34% at June 30, 2026; Hilltop’s consolidated net interest margin 4 increased to 3.21% for the second quarter of 2026, compared to 3.13% in the first quarter of 2026; For the second quarter of 2026, noninterest income was $200.0 million, compared to $192.6 million in the second quarter of 2025, a 3.8% increase; For the second quarter of 2026, noninterest expense was $266.7 million, compared to $261.2 million in the second quarter of 2025, a 2.1% increase; and Hilltop’s effective tax rate was 24.2% during the second quarter of 2026, compared to 23.4% during the same period in 2025. The effective tax rate for the second quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments. _____________________ 1 “Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $406.3 million and $361.0 million at June 30, 2026 and March 31, 2026, respectively. 2 Total deposits at June 30, 2026 included estimated uninsured deposits of $5.7 billion, or approximately 55% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $580.0 million and internal accounts of $388.6 million, were $4.8 billion, or approximately 45% of total deposits. 3 Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets. 4 Net interest margin is defined as net interest income divided by average interest-earning assets. Consolidated Financial and Other Information Consolidated Balance Sheets June 30, March 31, December 31, September 30, June 30, (in 000's) 2026 2026 2025 2025 2025 Cash and due from banks $ 750,508 $ 874,194 $ 1,231,944 $ 1,277,283 $ 982,488 Federal funds sold 650 650 650 650 650 Assets segregated for regulatory purposes 17,827 17,673 20,211 5,050 47,158 Securities purchased under agreements to resell 112,496 133,088 55,977 78,909 93,878 Securities: Trading, at fair value 674,054 698,106 617,408 574,434 675,757 Available for sale, at fair value, net (1) 1,450,592 1,469,670 1,491,048 1,443,612 1,408,347 Held to maturity, at amortized cost, net (1) 745,175 759,628 728,329 755,012 771,641 Equity, at fair value 287 238 265 248 4,996 2,870,108 2,927,642 2,837,050 2,773,306 2,860,741 Loans held for sale 1,004,118 807,745 950,142 849,357 979,875 Loans held for investment, net of unearned income 8,672,927 8,433,673 8,311,952 8,227,194 8,061,204 Allowance for credit losses (84,856 ) (88,997 ) (91,537 ) (95,168 ) (97,961 ) Loans held for investment, net 8,588,071 8,344,676 8,220,415 8,132,026 7,963,243 Broker-dealer and clearing organization receivables 1,714,179 1,625,156 1,588,882 1,519,005 1,469,628 Premises and equipment, net 131,099 135,551 132,820 136,830 139,179 Operating lease right-of-use assets 88,325 89,845 83,757 87,464 88,050 Mortgage servicing assets 22,755 20,045 17,491 12,273 7,887 Other assets 428,111 452,779 432,603 459,588 455,930 Goodwill 267,447 267,447 267,447 267,447 267,447 Other intangible assets, net 5,125 5,365 5,605 5,862 6,119 Total assets $ 16,000,819 $ 15,701,856 $ 15,844,994 $ 15,605,050 $ 15,362,273 Deposits: Noninterest-bearing $ 2,744,425 $ 2,830,008 $ 2,831,919 $ 2,766,155 $ 2,790,958 Interest-bearing 7,769,628 7,701,541 8,046,161 7,909,316 7,600,599 Total deposits 10,514,053 10,531,549 10,878,080 10,675,471 10,391,557 Broker-dealer and clearing organization payables 1,524,115 1,481,998 1,518,503 1,445,280 1,461,683 Short-term borrowings 1,243,214 990,807 676,882 680,979 734,508 Securities sold, not yet purchased, at fair value 90,264 63,346 37,955 65,119 59,766 Notes payable 148,703 148,645 148,587 148,530 148,475 Operating lease liabilities 104,410 106,166 100,155 104,134 104,972 Other liabilities 219,764 205,621 287,226 269,297 234,467 Total liabilities 13,844,523 13,528,132 13,647,388 13,388,810 13,135,428 Common stock 573 585 595 613 630 Additional paid-in capital 936,525 953,176 973,072 998,644 1,022,474 Accumulated other comprehensive loss (81,006 ) (82,348 ) (79,877 ) (87,254 ) (94,748 ) Retained earnings 1,270,141 1,272,618 1,274,611 1,276,539 1,270,286 Total Hilltop stockholders' equity 2,126,233 2,144,031 2,168,401 2,188,542 2,198,642 Noncontrolling interests 30,063 29,693 29,205 27,698 28,203 Total stockholders' equity 2,156,296 2,173,724 2,197,606 2,216,240 2,226,845 Total liabilities & stockholders' equity $ 16,000,819 $ 15,701,856 $ 15,844,994 $ 15,605,050 $ 15,362,273 _____________________ (1) At June 30, 2026, the amortized cost of the available for sale securities portfolio was $1,519,183, while the fair value of the held to maturity securities portfolio was $686,724. Three Months Ended Consolidated Income Statements June 30, March 31, December 31, September 30, June 30, (in 000's, except per share data) 2026 2026 2025 2025 2025 Interest income: Loans, including fees $ 134,532 $ 130,086 $ 133,546 $ 135,773 $ 131,793 Securities borrowed 15,340 14,203 17,753 21,175 20,544 Securities: Taxable 28,359 26,919 25,088 25,452 25,811 Tax-exempt 3,358 3,021 3,509 3,512 3,087 Other 7,457 10,061 13,913 14,349 15,946 Total interest income 189,046 184,290 193,809 200,261 197,181 Interest expense: Deposits 45,285 48,325 54,167 57,001 57,056 Securities loaned 13,774 12,842 16,020 19,430 17,662 Short-term borrowings 10,441 7,587 7,637 7,867 7,694 Notes payable 2,361 2,355 2,317 2,404 3,106 Other 1,334 1,084 1,141 1,171 989 Total interest expense 73,195 72,193 81,282 87,873 86,507 Net interest income 115,851 112,097 112,527 112,388 110,674 Provision for (reversal of) credit losses (974 ) 1,765 7,824 (2,511 ) (7,340 ) Net interest income after provision for (reversal of) credit losses 116,825 110,332 104,703 114,899 118,014 Noninterest income (1) : Net gains from sale of loans and other mortgage production income 48,583 50,972 49,580 51,730 51,945 Mortgage loan origination fees 30,294 21,910 26,602 24,850 28,738 Principal transactions, commissions and fees 64,197 66,534 76,033 74,066 47,856 Investment banking, advisory and administrative fees 44,200 36,920 47,627 53,349 43,730 Other 12,684 12,079 17,518 13,812 20,365 Total noninterest income 199,958 188,415 217,360 217,807 192,634 Noninterest expense: Employees' compensation and benefits 179,896 168,962 187,960 190,027 176,410 Occupancy and equipment, net 19,427 19,829 20,818 19,930 21,064 Professional services 12,647 11,245 12,386 12,681 10,820 Other 54,766 48,267 47,757 49,265 52,882 Total noninterest expense 266,736 248,303 268,921 271,903 261,176 Income before income taxes 50,047 50,444 53,142 60,803 49,472 Income tax expense 12,092 11,425 10,218 14,129 11,583 Net income 37,955 39,019 42,924 46,674 37,889 Less: Net income attributable to noncontrolling interest 1,433 1,183 1,340 856 1,816 Income attributable to Hilltop $ 36,522 $ 37,836 $ 41,584 $ 45,818 $ 36,073 Earnings per common share: Basic $ 0.63 $ 0.64 $ 0.69 $ 0.74 $ 0.57 Diluted $ 0.63 $ 0.64 $ 0.69 $ 0.74 $ 0.57 Cash dividends declared per common share $ 0.20 $ 0.20 $ 0.18 $ 0.18 $ 0.18 Weighted average shares outstanding: Basic 57,856 59,124 60,457 62,146 63,637 Diluted 57,950 59,207 60,498 62,168 63,638 _____________________ (1) During the three months ended December 31, 2025, certain financial statement line items within the noninterest income section of the consolidated income statement were reclassified to better align disclosures to business activities. These reclassifications were applied retrospectively to all prior periods presented. Total noninterest income did not change as a result of these reclassifications. Three Months Ended June 30, 2026 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 99,470 $ 12,981 $ (866 ) $ 1,456 $ 2,810 $ 115,851 Provision for (reversal of) credit losses (1,027 ) 53 — — — (974 ) Noninterest income 12,212 110,993 78,969 894 (3,110 ) 199,958 Noninterest expense 61,464 111,542 80,118 13,906 (294 ) 266,736 Income (loss) before taxes $ 51,245 $ 12,379 $ (2,015 ) $ (11,556 ) $ (6 ) $ 50,047 Six Months Ended June 30, 2026 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 198,194 $ 24,874 $ (1,794 ) $ 2,885 $ 3,789 $ 227,948 Provision for (reversal of) credit losses 732 59 — — — 791 Noninterest income 23,292 215,167 151,938 2,323 (4,347 ) 388,373 Noninterest expense 122,447 212,827 154,519 25,798 (552 ) 515,039 Income (loss) before taxes $ 98,307 $ 27,155 $ (4,375 ) $ (20,590 ) $ (6 ) $ 100,491 Three Months Ended June 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 94,919 $ 13,151 $ (2,302 ) $ (166 ) $ 5,072 $ 110,674 Provision for (reversal of) credit losses (7,343 ) 3 — — — (7,340 ) Noninterest income 11,892 96,502 90,248 (628 ) (5,380 ) 192,634 Noninterest expense 59,226 103,253 84,736 14,285 (324 ) 261,176 Income (loss) before taxes $ 54,928 $ 6,397 $ 3,210 $ (15,079 ) $ 16 $ 49,472 Six Months Ended June 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 185,469 $ 24,719 $ (3,699 ) $ (1,035 ) $ 10,337 $ 215,791 Provision for (reversal of) credit losses 2,029 (31 ) — — — 1,998 Noninterest income 22,702 193,439 158,023 42,751 (10,941 ) 405,974 Noninterest expense 111,156 202,576 159,396 40,176 (655 ) 512,649 Income (loss) before taxes $ 94,986 $ 15,613 $ (5,072 ) $ 1,540 $ 51 $ 107,118 June 30, March 31, December 31, September 30, June 30, Capital Ratios 2026 2026 2025 2025 2025 Tier 1 capital (to average assets): PlainsCapital 9.73 % 9.54 % 10.60 % 10.74 % 10.71 % Hilltop 12.73 % 12.82 % 12.78 % 13.13 % 13.11 % Common equity Tier 1 capital (to risk-weighted assets): PlainsCapital 12.50 % 12.71 % 14.49 % 14.81 % 15.08 % Hilltop 18.34 % 19.08 % 19.70 % 20.33 % 20.74 % Tier 1 capital (to risk-weighted assets): PlainsCapital 12.50 % 12.71 % 14.49 % 14.81 % 15.08 % Hilltop 18.34 % 19.08 % 19.70 % 20.33 % 20.74 % Total capital (to risk-weighted assets): PlainsCapital 13.47 % 13.77 % 15.60 % 15.96 % 16.29 % Hilltop 20.63 % 21.50 % 22.20 % 22.90 % 23.38 % Three Months Ended June 30, March 31, December 31, September 30, June 30, Selected Financial Data 2026 2026 2025 2025 2025 Hilltop Consolidated: Return on average stockholders' equity 6.89 % 7.12 % 7.60 % 8.35 % 6.62 % Return on average assets 0.99 % 1.02 % 1.09 % 1.20 % 0.98 % Net interest margin (1) 3.21 % 3.13 % 3.02 % 3.06 % 3.01 % Net interest margin (taxable equivalent) (2) : As reported 3.23 % 3.15 % 3.04 % 3.09 % 3.04 % Impact of purchase accounting 2 bps 4 bps 3 bps 2 bps 2 bps Book value per common share ($) 37.12 36.63 36.42 35.69 34.90 Shares outstanding, end of period (000's) 57,284 58,530 59,540 61,326 63,001 Dividend payout ratio (3) 31.68 % 31.25 % 26.17 % 24.41 % 31.75 % Banking Segment: Net interest margin (1) 3.42 % 3.38 % 3.29 % 3.23 % 3.16 % Net interest margin (taxable equivalent) (2) : As reported 3.42 % 3.39 % 3.29 % 3.23 % 3.17 % Impact of purchase accounting 3 bps 5 bps 4 bps 2 bps 3 bps Accretion of discount on loans ($000's) 813 1,260 961 572 588 Net recoveries (charge-offs) ($000's) (3,167 ) (4,305 ) (11,455 ) (282 ) (896 ) Return on average assets 1.28 % 1.17 % 1.05 % 1.34 % 1.35 % Fee income ratio 10.9 % 10.1 % 11.0 % 10.2 % 11.1 % Efficiency ratio 55.0 % 55.5 % 54.1 % 51.7 % 55.4 % Employees' compensation and benefits ($000's) 33,523 35,744 33,241 31,925 32,146 Broker-Dealer Segment: Net revenue ($000's) (4) 123,974 116,067 138,374 144,494 109,653 Employees' compensation and benefits ($000's) 76,861 71,272 83,361 86,997 73,493 Variable compensation expense ($000's) 43,003 36,469 49,635 50,756 36,172 Compensation as a % of net revenue 62.0 % 61.4 % 60.2 % 60.2 % 67.0 % Pre-tax margin (5) 10.0 % 12.7 % 18.4 % 18.3 % 5.8 % Mortgage Origination Segment: Mortgage loan originations - volume ($000's): Home purchases 2,075,078 1,428,157 1,918,395 2,027,568 2,168,690 Refinancings 318,464 600,569 511,960 269,136 263,829 Total mortgage loan originations - volume 2,393,542 2,028,726 2,430,355 2,296,704 2,432,519 Mortgage loan sales - volume ($000's) 2,041,387 2,021,018 2,180,088 2,220,126 2,135,291 Net gains from mortgage loan sales (basis points): Loans sold to third parties (6) 217 248 236 226 223 Broker fee income (7) 12 13 14 13 10 Impact of loans retained by banking segment (6 ) (7 ) (4 ) (5 ) (5 ) As reported 223 254 246 234 228 Mortgage servicing rights asset ($000's) (8) 22,755 20,045 17,491 12,273 7,887 Employees' compensation and benefits ($000's) 60,738 55,087 59,657 60,036 62,214 Variable compensation expense ($000's) 34,514 28,723 34,275 32,665 34,975 _____________________ (1) Net interest margin is defined as net interest income divided by average interest-earning assets. (2) Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $0.8 million, $1.0 million and $0.8 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.1 million, $0.3 million and $0.1 million, respectively, for the periods presented. (3) Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share. (4) Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income. (5) Pre-tax margin is defined as income before income taxes divided by net revenue. (6) Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 8, 7, 8, 9 and 7 basis points, respectively, for the periods presented. (7) Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending. (8) Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation. June 30, March 31, December 31, September 30, June 30, Non-Performing Assets Portfolio Data 2026 2026 2025 2025 2025 Loans accounted for on a non-accrual basis ($000's): Commercial real estate: Non-owner occupied $ 13,785 $ 15,288 $ 3,873 $ 3,969 $ 4,107 Owner occupied 10,769 10,218 5,617 7,119 6,429 Commercial and industrial 17,567 22,237 28,581 41,457 40,990 Construction and land development 690 844 1,010 1,007 3,667 1-4 family residential 11,991 12,419 14,367 14,701 17,550 Consumer — — — — — Broker-dealer — — — — — Non-accrual loans ($000's) $ 54,802 $ 61,006 $ 53,448 $ 68,253 $ 72,743 Non-accrual loans as a % of total loans 0.57 % 0.66 % 0.58 % 0.75 % 0.80 % Other real estate owned ($000's) 7,466 8,473 8,020 8,289 9,144 Other repossessed assets ($000's) — — — — — Non-performing assets ($000's) 62,268 69,479 61,468 76,542 81,887 Non-performing assets as a % of total assets 0.39 % 0.44 % 0.39 % 0.49 % 0.53 % Loans past due 90 days or more and still accruing ($000's) (1) 40,226 40,155 33,811 28,388 28,378 _____________________ (1) Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending. Three Months Ended June 30, 2026 2025 Average Interest Annualized Average Interest Annualized Outstanding Earned Yield or Outstanding Earned Yield or Net Interest Margin (Taxable Equivalent) Details (1) Balance or Paid Rate Balance or Paid Rate Assets Interest-earning assets Loans held for sale $ 909,079 $ 13,303 5.79 % $ 923,726 $ 14,119 6.05 % Loans held for investment, gross (2) 8,493,343 121,229 5.73 % 8,073,187 117,674 5.84 % Investment securities - taxable 2,518,187 28,359 4.50 % 2,490,931 25,811 4.10 % Investment securities - non-taxable (3) 408,648 4,205 4.12 % 360,557 3,891 4.27 % Federal funds sold and securities purchased under agreements to resell 100,327 1,043 4.17 % 84,583 1,352 6.41 % Interest-bearing deposits in other financial institutions 469,051 4,269 3.65 % 1,210,977 12,724 4.21 % Securities borrowed 1,444,723 15,340 4.20 % 1,451,826 20,544 5.60 % Other 130,037 2,145 6.62 % 127,638 1,871 5.88 % Interest-earning assets, gross (3) 14,473,395 189,893 5.26 % 14,723,425 197,986 5.39 % Allowance for credit losses (88,746 ) (105,816 ) Interest-earning assets, net 14,384,649 14,617,609 Noninterest-earning assets 1,012,012 968,459 Total assets $ 15,396,661 $ 15,586,068 Liabilities and Stockholders' Equity Interest-bearing liabilities Interest-bearing deposits $ 7,677,083 $ 45,285 2.37 % $ 7,868,600 $ 57,056 2.91 % Securities loaned 1,437,483 13,774 3.84 % 1,440,958 17,662 4.92 % Notes payable and other borrowings 1,231,998 14,136 4.60 % 955,618 11,789 4.95 % Total interest-bearing liabilities 10,346,564 73,195 2.84 % 10,265,176 86,507 3.38 % Noninterest-bearing liabilities Noninterest-bearing deposits 2,703,479 2,775,448 Other liabilities 191,985 330,616 Total liabilities 13,242,028 13,371,240 Stockholders’ equity 2,125,000 2,187,108 Noncontrolling interest 29,633 27,720 Total liabilities and stockholders' equity $ 15,396,661 $ 15,586,068 Net interest income (3) $ 116,698 $ 111,479 Net interest spread (3) 2.42 % 2.01 % Net interest margin (3) 3.23 % 3.04 % _____________________ (1) Information presented on a consolidated basis (dollars in thousands). (2) Average balance includes non-accrual loans. (3) Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively. Conference Call Information Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2026 financial results. Interested parties can access the conference call by dialing 833-461-5787 (Toll Free North America) or (+1) 585-542-9983 (International Toll) and then using the conference ID 366946783. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website ( http://ir.hilltop.com ). About Hilltop Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At June 30, 2026, Hilltop employed approximately 3,600 people and operated 304 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com. FORWARD-LOOKING STATEMENTS This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated or implied in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our outlook, plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of our data security controls in the face of cyber-attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment including potential impact of a prolonged elevated interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of our indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our banking, broker-dealer, and mortgage origination segments from other banks and financial institutions as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; (xiii) risks associated with merger and acquisition integration; and (xiv) our ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. View source version on businesswire.com: https://www.businesswire.com/news/home/20260723582660/en/
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