Hilltop Q4 net income drops to $25.6M; mortgage volume plummets 59% YoY

Hilltop Holdings Inc.

2022-FY EPS reported $1.60

Q4 2022 diluted EPS $0.39 vs $0.78 in Q4 2021; full-year EPS $1.60 vs $4.61.
Mortgage origination volume $2.0B (down 59% YoY); net gains fell 63% to $71.1M.
Provision for credit losses $3.6M (vs reversal of $18.6M in Q4 2021).
Dividend raised to $0.16/share (7% increase); new $75M buyback authorized through Jan 2024.
Net interest margin improved to 3.23% from 2.44% a year ago.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hilltop Holdings Inc. reported financial results for the fourth quarter and full year 2022.

Period: the fourth quarter and full year 2022
Result: reported results

Exact text from the filing

On January 26, 2023, Hilltop Holdings Inc., or the Company, issued a press release announcing its results of operations and financial condition as of and for the three months and year ended December 31, 2022.

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Hilltop Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-000622

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