Hilltop Q2 EPS $0.28, down 38% YoY; mortgage income drops 36%

Hilltop Holdings Inc.

2023-Q2 EPS reported $0.68

Net income to common stockholders $18.1M ($0.28 diluted EPS) vs $33.3M ($0.45) in Q2 2022.
Provision for credit losses jumped to $14.8M from $5.3M YoY, citing CRE deterioration and economic outlook.
Mortgage origination segment net gains fell 36% to $90.0M; origination volume down 34% to $2.5B.
Net interest margin narrowed to 3.03% from 3.28% in Q1; noninterest income declined 20% to $190.7M.
Board declared $0.16 quarterly dividend (unchanged); non-performing loans rose to 0.40% of loans.

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 the second quarter of 2023 results: net income $18.1 million, EPS $0.28 per diluted share.

Period: the second quarter of 2023
Net income: $18.1 million
EPS: $0.28 per diluted share
Result: reported results

Exact text from the filing

Hilltop produced income to common stockholders of $18.1 million, or $0.28 per diluted share, for the second quarter of 2023, compared to $33.3 million, or $0.45 per diluted share, for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001558370-23-012021

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