Hilltop Holdings Q4 EPS $0.44 vs $0.39 YoY; dividend raised 6% to $0.17; authorizes $75M buyback

Hilltop Holdings Inc.

2023-FY EPS reported $1.69

Q4 net income $28.7M ($0.44 diluted EPS) vs $25.6M ($0.39) in Q4 2022; full year $109.6M ($1.69) vs $113.1M ($1.60).
Board declared $0.17 quarterly dividend, a 6% increase from $0.16, payable Feb 28 to holders of record Feb 12.
Board authorized new $75M stock repurchase program through Jan 2025; repurchased $5.1M in shares during 2023.
Non-performing loans rose to $68.3M (0.76% of total loans) from $31.5M (0.34%) due to a single $33.3M hotel/motel credit.
Mortgage origination segment posted a pretax loss of $15.9M in Q4; loan origination volume $1.8B, down from $2.0B YoY.

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 0.95

Hilltop Holdings Inc. reported fourth quarter and full year 2023 results: net income Income to common stockholders for the full year 2023 was $109.6 million, or $1.69 per diluted share, compared to $113.1, EPS $1.69 per diluted share.

Period: fourth quarter and full year 2023
Net income: Income to common stockholders for the full year 2023 was $109.6 million, or $1.69 per diluted share, compared to $113.1
EPS: $1.69 per diluted share
Result: reported results

Exact text from the filing

Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the fourth quarter and full year 2023. Hilltop produced income to common stockholders of $28.7 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $25.6 million, or $0.39 per diluted share, for the fourth quarter of 2022. Income to common stockholders for the full year 2023 was $109.6 million, or $1.69 per diluted share, compared to $113.1 million, or $1.60 per diluted share, for the full year 2022.

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Source: SEC EDGAR

accession 0001558370-24-000544

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