earnings
confidence high
sentiment negative
materiality 0.65
Hilltop Holdings Q2 EPS $0.31 vs $0.28 YoY; non-accrual loans double to $105.7M
Hilltop Holdings Inc.
2024-Q2 EPS reported
$0.74
- Net income to common stockholders $20.3M ($0.31 diluted EPS), up from $18.1M ($0.28) in Q2 2023.
- Non-accrual loans rose to $105.7M (1.12% of loans) from $64.7M (0.73%) at Mar 31, 2024.
- Provision for credit losses was $10.9M vs a $2.9M reversal in Q1 2024 and $14.8M in Q2 2023.
- Net interest margin improved to 2.90% from 2.85% in Q1 2024, but down from 3.03% a year ago.
- Board declared $0.17 quarterly dividend payable Aug 30, 2024; $9.9M spent on share buybacks in Q2.