Hilltop Holdings Inc 8-K, filed Oct 22, 2026
Hilltop Holdings Inc. (HTH)
About this 8-K
Hilltop Holdings Inc filed this 8-K on October 22, 2026.
Hilltop Holdings Inc. furnished an earnings presentation for the quarter ended September 30, 2026 and plans to use it in investor or analyst meetings, including a webcast on October 23, 2026 at 8:00 a.m. (central time). AI summary
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b–2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure.
A copy of the Earnings Presentation of Hilltop Holdings Inc., or the Company, for the quarter ended September 30, 2026 is set forth in Exhibit 99.1 attached to this Current Report on Form 8-K and is incorporated herein by reference. The Company intends to use the Earnings Presentation, in whole or in part, in one or more meetings with investors or analysts, including in a webcast on October 23, 2026 at 8:00 a.m. (central time).
The information in this Item (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(a)Financial statements of businesses acquired.
Not applicable.
| (b) | Pro forma financial information. |
Not applicable.
| (c) | Shell company transactions. |
Not applicable.
| (d) | Exhibits. |
The following exhibit(s) are filed or furnished, depending on the relevant item requiring such exhibit, in accordance with the provisions of Item 601 of Regulation S-K and Instruction B.2 to this form.
Exhibit Number | | Description of Exhibit |
99.1 | | Third Quarter 2026 Earnings Presentation (furnished pursuant to Item 7.01). |
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104 | | Cover Page Interactive File (formatted as Inline XBRL). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Hilltop Holdings Inc., | |
| | a Maryland corporation | |
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Date: | October 22, 2026 | By: | /s/ COREY G. PRESTIDGE |
| | Name: | Corey G. Prestidge |
| | Title: | Executive Vice President, |
| | | General Counsel & Secretary |
Exhibit 99.1
| HILLTOP HOLDINGS INC. Q3 2026 EARNINGS PRESENTATION OCTOBER 2026 |
| 2 ©2026 Hilltop Holdings. Confidential and Proprietary. PREFACE $36.1 MM $0.57 0.98% 6.62% Corporate Headquarters Additional Information 6565 Hillcrest Ave Dallas, TX 75205 Phone: 214-855-2177 www.hilltop.com Please Contact: Matt Dunn Phone: 214-525-4636 Email: mdunn@hilltop.com FORWARD-LOOKING STATEMENTS This presentation and statements made by representatives of Hilltop Holdings Inc. (“Hilltop” or the “Company”) during the course of this presentation include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, the Company does not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company’s outlook, business strategy, financial condition, efforts to make strategic acquisitions, liquidity and sources of funding, market trends, operations and business, the impact of natural disasters or public health emergencies, information technology expenses, capital levels, mortgage servicing rights (“MSR”) assets, stock repurchases, dividend payments, expectations concerning mortgage loan origination volume, servicer advances and interest rate compression, expected levels of refinancing as a percentage of total loan origination volume, projected losses on mortgage loans originated, total expenses, anticipated changes in our revenue, earnings, or taxes, the effects of government regulation applicable to our operations, the appropriateness of, and changes in, our allowance for credit losses and provision for (reversal of) credit losses, future benchmark rates and economic growth, anticipated investment yields, the collectability of loans, cybersecurity incidents, the outcome of litigation, and the Company’s other plans, objectives, strategies, expectations and intentions and other statements that are not statements of historical fact, and may be identified by words such as “anticipates,” “believes,” “building,” “continue,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “probable,” “projects,” “seeks,” “should,” “target,” “view” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including the Company’s ability to estimate credit losses and increases to the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of the Company’s data security controls in the face of cyberattacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market, political and business conditions in areas or markets where the Company competes, including changes in the price of crude oil and the impact of tariffs; (iv) persistent inflationary pressures and changes in the interest rate environment, including potential impact of a prolonged elevated interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of the Company’s indebtedness on its ability to manage its business successfully, including the restrictions imposed by the indenture governing such indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of the Company’s deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of the Company’s business segments, including changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act; (x) changes in key management; (xi) competition in the Company’s banking, broker-dealer and mortgage origination segments from other banks and financial institutions, as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; (xiii) risks associated with merger and acquisition integration; and (xiv) the Company’s ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports that we have filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. Certain information contained herein, including our 2026 outlook, is preliminary and based on Company data available at the time of the earnings presentation. Information in this presentation speaks only as of the particular date or dates included in the accompanying slides. Except as required by law, Hilltop does not undertake an obligation to, and disclaims any duty to, update any of the information herein. Included in this presentation are certain measures, such as Tangible Common Equity and Tangible Book Value per Share, that are not measures of financial performance recognized by GAAP. These measures are used by management, investors and analysts to assess the use of equity. You should not view these measures as a substitute for results determined in accordance with GAAP, and our disclosure is not necessarily comparable to that of other companies that use non-GAAP measures. Please refer to the “Non-GAAP to GAAP Reconciliation and Management’s Explanation of Non-GAAP Financial Measures” section of the appendix of this presentation for additional detail including reconciliations of non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with GAAP. |
| 3 ©2026 Hilltop Holdings. Confidential and Proprietary. INVESTOR HIGHLIGHTS – Q3 2026 • PlainsCapital Bank generated $44.1 million in pre-tax income during Q3 2026 • Bank net interest margin increased to 3.49%, up 7 basis points from Q2 2026 and 26 basis points from Q3 2025 • Bank loans HFI1 at period-end increased $150 million, or 1.8%, to $8.4 billion from Q2 2026. On a year-over-year basis, Bank loans HFI1 increased by $515 million, or 6.5% • Bank deposits at period-end increased $503 million, or 4.7%, to $11.2 billion from Q2 2026. On a year-over-year basis, deposits increased by $399 million, or 3.7% • PrimeLending incurred a $10.8 million pre-tax loss during Q3 2026 • Gain-on-sale of loans sold to third parties, including broker fees, of 211 basis points decreased 18 basis points from Q2 2026 levels, as rising rates continue to pressure margins • Noninterest expenses decreased $3.8 million, or 4.6%, from Q3 2025 to Q3 2026, reflecting management’s continued focus on expense management • Origination volume of $2.2 billion decreased $86 million, or 3.8%, from Q3 2025, as the mortgage market remains challenged • HilltopSecurities generated pre-tax income of $6.8 million during Q3 2026 • Q3 2026 total net revenue of $116.6 million was led by Public Finance and Wealth Management business lines • Pre-tax margin declined from 18.3% in Q3 2025 to 5.9% in Q3 2026, as its Structured Finance and Fixed Income Trading Services business lines were negatively impacted by interest rate and market volatility . Net Income MM EPS - Diluted ROAA ROAE Notes: (1) Bank Loans HFI reflect consolidated loans held for investment excluding margin loans from the Broker-Dealer business. $24.9 $0.44 0.67% 4.67% |
| 4 ©2026 Hilltop Holdings. Confidential and Proprietary. CAPITAL HIGHLIGHTS – Q3 2026 Capital Management and Tangible Book Value Growth • During Q3 2026, Hilltop returned approximately $32.6 million to stockholders through dividends and share repurchases o $12.6 million in dividends o $20.0 million in share repurchases (0.51 million shares) Notes: (1) Tangible common equity and tangible book value per common share (TBVPS) are non-GAAP financial measures. For a reconciliation of tangible common equity and tangible book value per share to the nearest GAAP measure, see the appendix. (2) At period end. 1, 2 2 2 |
| 5 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – Q3 FINANCIAL SUMMARY $ in millions, except EPS Income Statement and Key Metrics Q3 2026 Q2 2026 QoQ% Q3 2025 YoY% Net Interest Income $122.4 $115.9 6% $112.4 9% Noninterest Income 187.1 200.0 (6%) 217.8 (14%) Total Revenue 309.5 315.8 (2%) 330.2 (6%) Noninterest Expenses 264.1 266.7 (1%) 271.9 (3%) Pre-provision Net Revenue 1 45.4 49.1 (8%) 58.3 (22%) Net Charge-offs (Recoveries) $1.2 $3.2 (63%) $0.3 311% Net ACL Build (Release) 9.0 (4.1) NR (2.8) NR Provision for (reversal of) Credit Losses 10.2 (1.0) NR (2.5) NR Income Before Income Taxes 35.2 50.0 (30%) 60.8 (42%) Net Income 26.3 38.0 (31%) 46.7 (44%) Minority Interest 1.4 1.4 (1%) 0.9 66% Income Attributable to Hilltop $24.9 $36.5 (32%) $45.8 (46%) EPS - Diluted $0.44 $0.63 (31%) $0.74 (41%) Return on Average Assets 0.67% 0.99% (32%) 1.20% (44%) Return on Average Equity 4.67% 6.89% (32%) 8.35% (44%) Efficiency Ratio 85.3% 84.5% 1% 82.3% 4% EOP Assets $16,220 $16,001 1% $15,605 4% EOP Loans HFI, net 8,713 8,588 1% 8,132 7% EOP Deposits 11,035 10,514 5% 10,675 3% EOP Shares Outstanding (in thousands) 56,789 57,284 (1%) 61,326 (7%) Notes: The sum of the period amounts may not equal the total amounts due to rounding. (1) Pre-Provision Net Revenue is calculated as the sum of net interest income and noninterest income less noninterest expense (except provision for loan losses) |
| 6 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – ALLOWANCE FOR CREDIT LOSSES Allowance for Credit Losses at Period End 9/30/2026 Reserve Composition ($ in millions) Commentary • Applied Moody’s Analytics September 2026 baseline scenario for economic forecast • During the three months ended September 30, 2026, the allowance for credit losses on collectively evaluated loans increased by $3.6 million due to the effect of new loans, net of loan payoffs • ACL % of Loans HFI excluding broker-dealer margin loans and mortgage warehouse loans equated to 1.15% as of September 30, 2026 ($ in millions) ACL ACL/Loans HFI Commercial Real Estate Non-owner Occupied 24.2 1.06% Owner Occupied 36.7 2.33% Commercial and Industrial 19.3 1.43% Construction and Land Development 8.2 0.84% 1-4 Family Residential 4.9 0.25% Consumer 1.39% 0.4 Broker-Dealer 0.03% 0.1 Mortgage Warehouse Lending 0.05% 0.1 Total 93.9 $ 1.07% $95.2 $91.5 $89.0 $84.9 $93.9 ($1.2) $0.5 $1.7 $8.0 1.16% 1.10% 1.06% 0.98% 1.07% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% $55.0 $60.0 $65.0 $70.0 $75.0 $80.0 $85.0 $90.0 $95.0 $100.0 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Net Charge-Off Collective - Economic Conditions Specific Reserves Collective - Portfolio Changes 9/30/2026 Notes: The sum of the period amounts may not equal the total amounts due to rounding. |
| 7 ©2026 Hilltop Holdings. Confidential and Proprietary. Q2 2026 3.21% Deposits 0.03% Investment Securities (0.02%) Loans Held For Investment 0.07% Borrowings 0.04% Q3 2026 3.33% HILLTOP HOLDINGS – NET INTEREST INCOME & MARGIN ($ in millions) Net Interest Income Quarter-over-Quarter Net Interest Margin Net Interest Margin Key Drivers & Statistics $112.4 $112.5 $112.1 $115.9 $122.4 $ 8 0 .0 $ 8 5 .0 $ 9 0 .0 $ 9 5 .0 $ 1 0 0 .0 $ 1 0 5 .0 $ 1 1 0. 0 $ 1 1 5. 0 $ 1 2 0 .0 $ 1 2 5. 0 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 3.06% 3.02% 3.13% 3.21% 3.33% 2 .0 0 % 2 .5 0 % 3 .0 0 % 3 .5 0 % 4 .0 0 % Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 ($ in millions, except as noted) Q3'25 Q2'26 Q3'26 HTH Consolidated Average Earning Assets ($B) $14.6 $14.5 $14.6 Banking Accretion Income $0.6 $0.8 $0.8 Loans HFI (Average Balance) $7,774 $8,142 $8,343 Deposit (Average Balance) $10,683 $10,588 $10,886 Cash and Due (Average Balance) $1,094 $559 $647 Mortgage Loans Held for Sale (Period End) $849 $1,004 $626 |
| 8 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – DEPOSITS $7.6 $7.9 $7.6 $7.4 $7.6 $2.8 $2.8 $2.8 $2.7 $2.9 $0.3 $0.1 $0.1 $0.4 $0.5 $10.7 $10.9 $10.5 $10.5 $11.0 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Interest-Bearing Deposits Noninterest-Bearing Deposits Broker-Dealer Sweep Deposits Notes: The sum of the period amounts may not equal the total amounts due to rounding. (1) Annualized. 52% 32% 13% 3% Demand Money Market Time Savings Q3'25 Q2'26 Q3'26 Average Depos its ($B) $10.5 $10.4 $10.7 Average Broker-Dealer Sweep Deposits ($B) $0.5 $0.3 $0.4 Cost of Interest-Bearing Deposits 1 2.90% 2.37% 2.34% Cost of Total Deposits 1 2.15% 1.75% 1.72% ($ in billions) Deposit Mix at Period End Key Drivers & Statistics Interest-Bearing Deposits by Type at 9/30/2026 |
| 9 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – NONINTEREST INCOME $76.6 $76.2 $73.0 $79.0 $67.7 $131.8 $125.5 $104.2 $111.0 $104.3 $11.0 $12.4 $11.1 $12.2 $12.1 ($1.6) $3.3 $0.2 ($2.2) $3.1 $217.8 $217.4 $188.4 $200.0 $187.1 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 PrimeLending HilltopSecurities PlainsCapital Bank Corporate, other and eliminations ($ in millions) Q3 2025 $217.8 Net gains on sale of loans and other mortgage production income (11.3) Mortgage loan origination fees 2.4 Principal transactions, commission and fees (27.8) Investment banking, advisory and administrative fees 0.8 Other 1 5.3 Q3 2026 $187.1 Q3'25 Q2'26 Q3'26 Broker-Dealer TBA Lock Volume ($MM) $1,241 $1,324 $1,334 Mortgage Origination Volume ($B) $2.3 $2.4 $2.2 Net Gains From Mortgage Loan Sales (bps): Loans Sold to Third Parties 226 217 200 Broker Fee Income 13 12 11 Impact of Loans Retained by the Bank (5) (6) (10) As Reported 234 223 201 Noninterest Income Year-over-Year Noninterest Income ($ in millions) Key Drivers & Statistics Notes: The sum of the period amounts may not equal the total amounts due to rounding. (1) Includes $4.6 million of net valuation gains related to merchant bank investments |
| 10 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – NONINTEREST EXPENSE $188.5 $185.0 $183.1 $189.2 $190.0 $83.4 $83.9 $65.2 $77.5 $74.2 $271.9 $268.9 $248.3 $266.7 $264.1 82.3% 81.5% 82.6% 84.5% 85.3% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0 $400.0 Variable Compensation Expenses Other Than Variable Compensation Efficiency Ratio Q3 2025 $271.9 Compensation and Benefits (10.7) Occupancy and Equipment (0.2) Professional Services (0.9) Other Expenses 4.1 Q3 2026 $264.1 ($ in millions) Noninterest Expenses Year-over-Year Noninterest Expense ($ in millions) Key Drivers & Statistics Q3'25 Q2'26 Q3'26 Banking Full-Service Branches 55 54 54 Efficiency Ratio (Bank Only) 51.7% 55.0% 53.7% Mortgage Fixed Expenses ($MM) $39.8 $35.8 $39.4 Variable Compensation ($MM) $32.7 $34.5 $29.9 Variable Comp / Originated Volume 1.4% 1.4% 1.4% Broker-Dealer Variable Compensation ($MM) $50.8 $43.0 $44.2 Compensation / Net Revenue 60.2% 62.0% 67.5% |
| 11 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – LOANS $6.2 $6.3 $6.4 $6.6 $6.7 $0.3 $0.3 $0.4 $0.4 $0.4 $1.4 $1.4 $1.4 $1.4 $1.5 $0.3 $0.3 $0.3 $0.3 $0.3 $8.2 $8.3 $8.4 $8.7 $8.8 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Mortgage Warehouse Lending 1 - 4 Family PrimeLending Retained Mortgages Broker-Dealer Loans All Other Loans Notes: The sum of the period amounts may not equal the total amounts due to rounding. (1) 1-4 Family PrimeLending Retained Mortgages are loans purchased at par by PlainsCapital Bank from PrimeLending. These are exclusive of the 1-4 family residential mortgages originated through PlainsCapital Bank. Q3'25 Q2'26 Q3'26 Average Loans HFI Balance ($B) $8.1 $8.5 $8.7 Annualized HTH Loan HFI Yield % 5.95% 5.73% 5.80% Annualized Bank Loan HFI Yield % 5.85% 5.65% 5.75% 26% 18% 18% 11% 22% 4% CRE - Non-Owner Occupied CRE - Owner Occupied Commercial and Industrial Construction and Land Development 1-4 Family Residential & Consumer Margin Loans at Broker-Dealer 1 ($ in billions) Loan Mix at Period End Key Drivers & Statistics Gross Loans HFI by Type at 9/30/2026 |
| 12 ©2026 Hilltop Holdings. Confidential and Proprietary. $282 $11,455 $4,305 $3,167 $1,160 0.01% 0.58% 0.22% 0.16% 0.06% -0.20% -0.10% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% $- $1,500 $3,000 $4,500 $6,000 $7,500 $9,000 $10,500 $12,000 $13,500 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 NCOs NCOs/Avg. Total Bank Loans PLAINSCAPITAL BANK – ASSET QUALITY $76,542 $61,468 $69,479 $62,268 $60,216 0.97% 0.77% 0.86% 0.75% 0.71% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Total NPAs Total NPAs/(Total Bank Loans + OREO) 1.4x 1.7x 1.5x 1.5x 1.8x 1.20% 1.15% 1.10% 1.03% 1.11% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 ACL/Bank NPLs ACL/Bank Loans HFI Notes: The sum of the period amounts may not equal the total amounts due to rounding. Figures represent Bank asset quality metrics only (excludes Loans HFS and Broker Dealer Margin Loans). (1) Total NPAs includes consolidated non-accrual loans, OREO and other repossessed assets. ($ in thousands) ($ in thousands) 2.30% 2.18% 2.36% 2.67% 2.51% 0.16% 0.20% 0.14% 2.30% 2.18% 2.52% 2.87% 2.65% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Classified Special Mention Criticized Loans as a % of Bank Loans Non-Performing Assets 1 Net Charge-Offs Allowance for Credit Losses |
| 13 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – 2026 OUTLOOK Outlook • Full year average Bank loans (excluding retained mortgages and mortgage warehouse lending) expected to increase 7% – 8% • Expect to retain $10 – $30 million per month of originated mortgages Loan Growth (Full Year Average HFI Loan Growth) • Full year average Bank deposits (excluding HTS Sweep deposits) expected to increase 0% – 2% Deposit Growth (Full Year Average Deposit Growth) • NII expected to increase by 5% – 6% • Outlook assumes one Fed Funds rate increase in December 2026 Net Interest Income • Mortgage origination volume $8 – $9 billion, market dependent • Broker Dealer fees expected to decline by 3% – 4% Noninterest Income • Non-variable expenses expected to decline 1% – 2% • Variable expenses expected to follow revenue contribution from fee businesses Noninterest Expense Provision Expense / (Reversal) • Full year provision / average loans HFI: 10 – 25 basis points, market dependent Effective Tax Rate (GAAP) • 23% – 25% full year basis |
| 14 ©2026 Hilltop Holdings. Confidential and Proprietary. Appendix |
| 15 ©2026 Hilltop Holdings. Confidential and Proprietary. NON-GAAP TO GAAP RECONCILIATION AND MANAGEMENT’S EXPLANATION OF NON-GAAP FINANCIAL MEASURES Hilltop Consolidated Tangible Common Equity is a non-GAAP financial measure. Tangible common equity is defined as our total stockholders’ equity reduced by goodwill and other intangible assets. This is a measure used by management, investors and analysts to assess use of equity. Tangible book value per share, or TBVPS, is a non-GAAP financial measure. TBVPS represents Hilltop’s tangible common equity at period-end divided by common shares outstanding at period-end. This is a measure used by management, investors and analysts to assess use of equity. Reconciliation of Tangible Common Equity and Tangible Book Value Per Share ($ in thousands, except per share amounts) 12/31/2023 12/31/2024 12/31/2025 9/30/2026 Total Hilltop Stockholders' Equity $2,122,967 $2,189,965 $2,168,401 $2,100,726 Less: Goodwill 267,447 267,447 267,447 267,447 Other intangible assets, net 8,457 6,633 5,605 4,886 Tangible Common Equity $1,847,063 $1,915,885 $1,895,349 $1,828,393 Shares outstanding as of period end 65,153 64,968 59,540 56,789 Book Value Per Share (Common Stockholders' Equity / Shares Outstanding) $32.58 $33.71 $36.42 $36.99 Tangible Book Value Per Share (Tangible Common Equity / Shares Outstanding) $28.35 $29.49 $31.83 $32.20 |
| 16 ©2026 Hilltop Holdings. Confidential and Proprietary. PLAINSCAPITAL BANK – Q3 2026 HIGHLIGHTS 51.7% 54.1% 55.5% 55.0% 53.7% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 3.23% 3.29% 3.38% 3.42% 3.49% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Notes: (1) Efficiency Ratio is calculated as noninterest expense divided by the sum of net interest income and noninterest income. Net Interest Margin Efficiency Ratio ¹ Key Highlights Q3 2025 Q3 2026 ROAA 1.34% 1.06% Full Service Branches (period end) 55 54 Net Interest Margin 3.23% 3.49% Assets ($B) (period end) $12.6 $12.8 Summary Results ($ in millions) Q3 2025 Q3 2026 Net Interes t Income $96.8 $104.9 Provisi on for (Revers al of) Credit Losses (2.6) 10.1 Noninteres t Income 11.0 12.1 Noninteres t Expense 55.8 62.8 Income Before Taxes $54.7 $44.1 |
| 17 ©2026 Hilltop Holdings. Confidential and Proprietary. PRIMELENDING – Q3 2026 HIGHLIGHTS Notes: (1) Gain on Sale calculated as net gains from sale of loans divided by sales volume. Reported Gain on Sale reflects impact of loans retained by PlainsCapital Bank. Key Highlights ($ in millions) Q3 2025 Q3 2026 Origination Volume $2,297 $2,210 % Purchas e 88% 88% Sales Volume $2,220 $2,423 MSR Asset (period end) $12 $28 ($ in billions) (In basis points) Mortgage Origination Volume Gain on Sale¹ and Origination Fee Trends Summary Results ($ in millions) Q3 2025 Q3 2026 Net Interes t Income (Expense) ($2.1) ($0.5) Noninteres t Income 76.6 67.7 Noninteres t Expense 81.8 78.0 Income (Loss) Before Taxes ($7.2) ($10.8) 234 246 254 223 201 108 109 108 127 123 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Reported Gain on Sale Mortgage loan origination fees $2.3 $2.4 $2.0 $2.4 $2.2 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 |
| 18 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOPSECURITIES – Q3 2026 HIGHLIGHTS Notes: The sum of the period amounts may not equal the total amounts due to rounding. Presented net revenue by business line may differ slightly from 10-Q due to grouping of certain business lines into ‘Other’. Net Revenues by Business Line Summary Results ($ in millions) Q3 2025 Q3 2026 Net Interest Income $12.7 $12.4 Provision for (Reversal of) Credit Losses 0.1 0.0 Noninterest Income 131.8 104.3 Noninterest Expense 117.9 109.8 Income Before Taxes $26.5 $6.8 Key Highlights ($ in millions) Q3 2025 Q3 2026 Compensation/Net Revenue (%) 60.2% 67.5% Pre-tax Margin (%) 18.3% 5.9% FDIC Insured Balances at PCB (Period End) $325 $500 Other FDIC Insured Balances (Period End) $1,432 $1,172 Public Finance Offerings $28,223 $26,220 TBA Lock Volume $1,241 $1,334 Net Revenues By Business Lines ($ in millions) Q3 2025 Q3 2026 Public Finance Services $37.4 $37.3 Fixed Income Services 20.0 14.0 Wealth Management Retail 36.2 37.5 Clearing Services 11.9 13.5 Securities Lending 1.7 1.8 Structured Finance 31.0 9.1 Other 6.2 3.3 Net Revenues $144.5 $116.6 |
| 19 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – AUTO LENDING PORTFOLIO Allowance for Credit Losses (ACL) • Auto Note Finance committed portfolio balance has been in decline since 2021 o The impacts of higher interest rates and declining values of used vehicles continue to put downward pressure on the portfolio • Current portfolio comprises 0.45% of Total Bank Loans HFI • No charge-offs during the third quarter • Nonaccrual loans in the auto lending portfolio equated to $6.1 million on September 30, 2026 Notes: (1) Total exposure net of any SBA guarantee ($ in millions) (Ending Balance on September 30, 2026) Auto Note Financing Commitments ¹ Commentary $281 $196 $115 $60 $41 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2026 9/30/2026 6/30/2026 Auto Note Financing $37.5 $0.2 0.6% 0.1% $ in millions Ending Balance Allowance for Credit Losses ACL % Loans |
| 20 ©2026 Hilltop Holdings. Confidential and Proprietary. HILLTOP HOLDINGS – COMMERCIAL REAL ESTATE PORTFOLIO Commercial Real Estate Portfolio (Ending Balance, $ in millions, on September 30, 2026) CRE Allowance for Credit Losses (ACL) Commercial Real Estate – Non-Owner Occupied (Ending Balance on September 30, 2026) (Ending Balance on September 30, 2026) $1,575 41% $2,285 59% CRE Owner Occupied CRE Non-Owner Occupied 23% 20% 6% 18% 16% 6% Office 11% Retail Hotel/Motel Multifamily Industrial Mini-Storage Other 9/30/2026 6/30/2026 CRE Non-Owner Occupied Office $529.2 $6.4 1.2% 1.1% CRE Non-Owner Occupied Retail $460.1 $3.1 0.7% 0.6% CRE Non-Owner Occupied Office and Retail $989.3 $9.6 1.0% 0.9% All other CRE Non-Owner Occupied $1,295.7 $14.6 1.1% 1.2% Total CRE Non-Owner Occupied $2,285.0 $24.2 1.1% 1.1% $ in millions Ending Balance Allowance for Credit Losses ACL % Loans Notes: The sum of the period amounts may not equal the total amounts due to rounding. |
