secwatch.observer — SEC 8-K summary
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Issuer:     Hilltop Holdings Inc. (HTH)
CIK:        0001265131
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001558370-23-012021
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1265131/000155837023012021/0001558370-23-012021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1265131/000155837023012021/hth-20230720x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012021

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