Hilltop Financial Q2 Earnings Report Shows Mixed Performance
Hilltop (NYSE:HTH) reported second-quarter net income of $36.5 million or $0.63 per diluted share for the quarter ended June 30, 2026. The company's banking and broker-dealer segments drove growth despite ongoing challenges in mortgage banking. PlainsCapital Bank contributed significantly with a pretax profit of $51 million and an expanded net interest margin to 3.42%. HilltopSecurities added $12 million, while PrimeLending posted a $2 million loss due to difficult market conditions for mortgages. The company's return on average assets was 1.0%, and its efficiency ratio remained stable at 55%. Hilltop raised its full-year loan growth forecast to between 5% and 7%. CFO Will Furr noted that net interest income increased by $800,000 due in part to lower deposit costs and a shift toward loans. However, average total deposits fell slightly year-over-year but are expected to grow again later this year.
Tickers: $HTH
Topics: banking broker-dealer operations loan growth mortgage banking net interest margin