earnings
confidence high
sentiment neutral
materiality 0.70
Hilltop Q1 2023 EPS $0.40, up 43% YoY; dividend increased to $0.16
Hilltop Holdings Inc.
2023-Q1 EPS reported
$0.40
- Diluted EPS $0.40 vs $0.28 in Q1 2022; net income to common $25.8M.
- Quarterly cash dividend raised to $0.16/share from $0.15, payable May 25 to record May 10.
- Mortgage origination volume fell 55% YoY to $1.7B; net gain-on-sale margin 193 bps.
- Net interest margin expanded to 3.28% from 3.23% in Q4 2022; Tier 1 leverage ratio 11.82%.
- Repurchased 144,403 shares at avg $31.15 during Q1 2023.