earnings
confidence high
sentiment negative
materiality 0.75
Hilltop Q3 EPS $0.46 vs $0.57 YoY; net interest income falls 9.2%
Hilltop Holdings Inc.
2024-Q3 EPS reported
$1.19
- Net income to common $29.7M ($0.46 diluted EPS) vs $37.0M ($0.57) in Q3 2023.
- Net interest income $105.0M, down 9.2% YoY; net interest margin 2.84% vs 3.02%.
- Reversal of credit losses $1.3M vs provision of $10.9M in Q2 2024; non-accrual loans 1.02%.
- Mortgage origination pre-tax loss $8.7M; loan production $2.3B, gain-on-sale margin 224 bps.
- Declared $0.17 quarterly dividend, payable Nov 22 to holders of record Nov 8, 2024.