Hilltop Holdings Inc. Announces Financial Results for First Quarter 2026

Hilltop Holdings Inc. Announces Financial Results for First Quarter 2026

DALLAS–(BUSINESS WIRE)–
Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the first quarter of 2026. Hilltop produced income attributable to common stockholders of $37.8 million, or $0.64 per diluted share, for the first quarter of 2026, compared to $42.1 million, or $0.65 per diluted share, for the first quarter of 2025.

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share payable on May 22, 2026 to all common stockholders of record as of the close of business on May 8, 2026. Additionally, during the first quarter of 2026, Hilltop paid $47.5 million to repurchase an aggregate of 1,238,216 shares of its common stock at an average price of $38.40 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, and international armed conflicts and their impact on supply chains within our business segments during the first quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026.

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “Amid a volatile quarter, Hilltop delivered strong operating results with all three lines of business reporting improved year-over-year financial results. At PlainsCapital Bank, loan and deposit growth, combined with meaningful net interest margin expansion, generated a 1.2% return on average assets. PrimeLending further reduced its operating losses in the quarter by capitalizing on higher origination volumes and an expanded gain on sale margin. HilltopSecurities produced a 12.7% pre-tax margin on $116 million of net revenues driven by relative strength across its business lines. For the quarter, Hilltop produced a 1.0% return on average assets and returned $59 million to stockholders through dividends and share repurchases.”

First Quarter 2026 Highlights for Hilltop:

The provision for credit losses was $1.8 million during the first quarter of 2026, compared to a provision for credit losses of $7.8 million in the fourth quarter of 2025 and a provision for credit losses of $9.3 million in the first quarter of 2025;
- The provision for credit losses during the first quarter of 2026 was primarily driven by a build in the allowance related to specific reserves and net charge-offs, partially offset by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes within the banking segment since the prior quarter.
For the first quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $72.9 million, compared to $67.7 million in the first quarter of 2025, a 7.6% increase;
- Mortgage loan origination production volume was $2.0 billion during the first quarter of 2026, compared to $1.7 billion during the first quarter of 2025;
- Net gains from mortgage loans sold to third parties, including broker fee income, increased to 261 basis points during the first quarter of 2026, compared to 250 basis points in the fourth quarter of 2025.
Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the first quarter of 2026 were 1.02% and 7.12%, respectively, compared to 1.13% and 7.82%, respectively, for the first quarter of 2025;
Hilltop’s book value per common share increased to $36.63 at March 31, 2026, compared to $36.42 at December 31, 2025;
Hilltop’s total assets were $15.7 billion and $15.8 billion at March 31, 2026 and December 31, 2025, respectively;
Loans¹, net of allowance for credit losses, were $8.0 billion and $7.9 billion at March 31, 2026 and December 31, 2025, respectively;
Non-accrual loans were $61.0 million, or 0.66% of total loans, at March 31, 2026, compared to $53.4 million, or 0.58% of total loans, at December 31, 2025;
Loans held for sale decreased by 15.0% from December 31, 2025 to $807.7 million at March 31, 2026;
Total deposits² were $10.5 billion and $10.9 billion at March 31, 2026 and December 31, 2025, respectively;
Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio³ of 12.82% and a Common Equity Tier 1 Capital Ratio of 19.08% at March 31, 2026;
Hilltop’s consolidated net interest margin⁴increased to 3.13% for the first quarter of 2026, compared to 3.02% in the fourth quarter of 2025;
For the first quarter of 2026, noninterest income was $188.4 million, compared to $213.3 million in the first quarter of 2025, a 11.7% decrease;
For the first quarter of 2026, noninterest expense was $248.3 million, compared to $251.5 million in the first quarter of 2025, a 1.3% decrease; and
Hilltop’s effective tax rate was 22.6% during the first quarter of 2026, compared to 22.7% during the same period in 2025.
- The effective tax rate for the first quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments.

¹	“Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $361.0 million and $344.5 million at March 31, 2026 and December 31, 2025, respectively.
²	Total deposits at March 31, 2026 included estimated uninsured deposits of $5.9 billion, or approximately 56% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $640.8 million and internal accounts of $448.2 million, were $4.8 billion, or approximately 46% of total deposits.
³	Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets.
⁴	Net interest margin is defined as net interest income divided by average interest-earning assets.




Consolidated Financial and Other Information

Consolidated Balance Sheets	March 31,			December 31,			September 30,			June 30,			March 31,
(in 000’s)	2026			2025			2025			2025			2025
Cash and due from banks	$	874,194		$	1,231,944		$	1,277,283		$	982,488		$	1,702,623
Federal funds sold		650			650			650			650			650
Assets segregated for regulatory purposes		17,673			20,211			5,050			47,158			88,451
Securities purchased under agreements to resell		133,088			55,977			78,909			93,878			99,099
Securities:
Trading, at fair value		698,106			617,408			574,434			675,757			647,158
Available for sale, at fair value, net ⁽¹⁾		1,469,670			1,491,048			1,443,612			1,408,347			1,405,170
Held to maturity, at amortized cost, net ⁽¹⁾		759,628			728,329			755,012			771,641			762,369
Equity, at fair value		238			265			248			4,996			286
		2,927,642			2,837,050			2,773,306			2,860,741			2,814,983
Loans held for sale		807,745			950,142			849,357			979,875			818,328
Loans held for investment, net of unearned income		8,433,673			8,311,952			8,227,194			8,061,204			7,966,777
Allowance for credit losses		(88,997	)		(91,537	)		(95,168	)		(97,961	)		(106,197	)
Loans held for investment, net		8,344,676			8,220,415			8,132,026			7,963,243			7,860,580

Broker-dealer and clearing organization receivables		1,625,156			1,588,882			1,519,005			1,469,628			1,450,077
Premises and equipment, net		135,551			132,820			136,830			139,179			143,957
Operating lease right-of-use assets		89,845			83,757			87,464			88,050			93,451
Mortgage servicing assets		20,045			17,491			12,273			7,887			6,903
Other assets		452,779			432,603			459,588			455,930			459,774
Goodwill		267,447			267,447			267,447			267,447			267,447
Other intangible assets, net		5,365			5,605			5,862			6,119			6,376
Total assets	$	15,701,856		$	15,844,994		$	15,605,050		$	15,362,273		$	15,812,699

Deposits:
Noninterest-bearing	$	2,830,008		$	2,831,919		$	2,766,155		$	2,790,958		$	2,859,828
Interest-bearing		7,701,541			8,046,161			7,909,316			7,600,599			7,972,138
Total deposits		10,531,549			10,878,080			10,675,471			10,391,557			10,831,966
Broker-dealer and clearing organization payables		1,481,998			1,518,503			1,445,280			1,461,683			1,446,886
Short-term borrowings		990,807			676,882			680,979			734,508			705,008
Securities sold, not yet purchased, at fair value		63,346			37,955			65,119			59,766			63,171
Notes payable		148,645			148,587			148,530			148,475			198,043
Operating lease liabilities		106,166			100,155			104,134			104,972			110,815
Other liabilities		205,621			287,226			269,297			234,467			227,988
Total liabilities		13,528,132			13,647,388			13,388,810			13,135,428			13,583,877

Common stock		585			595			613			630			642
Additional paid-in capital		953,176			973,072			998,644			1,022,474			1,037,138
Accumulated other comprehensive loss		(82,348	)		(79,877	)		(87,254	)		(94,748	)		(100,654	)
Retained earnings		1,272,618			1,274,611			1,276,539			1,270,286			1,262,586
Total Hilltop stockholders’ equity		2,144,031			2,168,401			2,188,542			2,198,642			2,199,712
Noncontrolling interests		29,693			29,205			27,698			28,203			29,110
Total stockholders’ equity		2,173,724			2,197,606			2,216,240			2,226,845			2,228,822
Total liabilities & stockholders’ equity	$	15,701,856		$	15,844,994		$	15,605,050		$	15,362,273		$	15,812,699

______________________________
⁽¹⁾	At March 31, 2026, the amortized cost of the available for sale securities portfolio was $1,537,980, while the fair value of the held to maturity securities portfolio was $702,496.





	Three Months Ended
Consolidated Income Statements	March 31,		December 31,		September 30,			June 30,			March 31,
(in 000’s, except per share data)	2026		2025		2025			2025			2025
Interest income:
Loans, including fees	$	130,086	$	133,546	$	135,773		$	131,793		$	124,692
Securities borrowed		14,203		17,753		21,175			20,544			15,809
Securities:
Taxable		26,919		25,088		25,452			25,811			24,782
Tax-exempt		3,021		3,509		3,512			3,087			2,613
Other		10,061		13,913		14,349			15,946			24,903
Total interest income		184,290		193,809		200,261			197,181			192,799

Interest expense:
Deposits		48,325		54,167		57,001			57,056			60,051
Securities loaned		12,842		16,020		19,430			17,662			14,736
Short-term borrowings		7,587		7,637		7,867			7,694			8,103
Notes payable		2,355		2,317		2,404			3,106			3,653
Other		1,084		1,141		1,171			989			1,139
Total interest expense		72,193		81,282		87,873			86,507			87,682

Net interest income		112,097		112,527		112,388			110,674			105,117
Provision for (reversal of) credit losses		1,765		7,824		(2,511	)		(7,340	)		9,338
Net interest income after provision for (reversal of) credit losses		110,332		104,703		114,899			118,014			95,779

Noninterest income ⁽¹⁾:
Net gains from sale of loans and other mortgage production income		50,972		49,580		51,730			51,945			45,281
Mortgage loan origination fees		21,910		26,602		24,850			28,738			22,451
Principal transactions, commissions and fees		66,534		76,033		74,066			47,856			55,313
Investment banking, advisory and administrative fees		36,920		47,627		53,349			43,730			36,628
Other		12,079		17,518		13,812			20,365			53,667
Total noninterest income		188,415		217,360		217,807			192,634			213,340

Noninterest expense:
Employees’ compensation and benefits		168,962		187,960		190,027			176,410			176,240
Occupancy and equipment, net		19,829		20,818		19,930			21,064			19,782
Professional services		11,245		12,386		12,681			10,820			4,114
Other		48,267		47,757		49,265			52,882			51,337
Total noninterest expense		248,303		268,921		271,903			261,176			251,473

Income before income taxes		50,444		53,142		60,803			49,472			57,646
Income tax expense		11,425		10,218		14,129			11,583			13,114
Net income		39,019		42,924		46,674			37,889			44,532
Less: Net income attributable to noncontrolling interest		1,183		1,340		856			1,816			2,416
Income attributable to Hilltop	$	37,836	$	41,584	$	45,818		$	36,073		$	42,116

Earnings per common share:
Basic	$	0.64	$	0.69	$	0.74		$	0.57		$	0.65
Diluted	$	0.64	$	0.69	$	0.74		$	0.57		$	0.65

Cash dividends declared per common share	$	0.20	$	0.18	$	0.18		$	0.18		$	0.18

Weighted average shares outstanding:
Basic		59,124		60,457		62,146			63,637			64,613
Diluted		59,207		60,498		62,168			63,638			64,615

______________________________
⁽¹⁾	During the three months ended December 31, 2025, certain financial statement line items within the noninterest income section of the consolidated income statement were reclassified to better align disclosures to business activities. These reclassifications were applied retrospectively to all prior periods presented. Total noninterest income did not change as a result of these reclassifications.





	Three Months Ended March 31, 2026
Segment Results					Mortgage						All Other and			Hilltop
(in 000’s)	Banking		Broker-Dealer		Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	98,724	$	11,892	$	(927	)	$	1,429		$	979		$	112,097
Provision for (reversal of) credit losses		1,759		6		—			—			—			1,765
Noninterest income		11,081		104,175		72,969			1,429			(1,239	)		188,415
Noninterest expense		60,984		101,285		74,401			11,893			(260	)		248,303
Income (loss) before taxes	$	47,062	$	14,776	$	(2,359	)	$	(9,035	)	$	—		$	50,444


	Three Months Ended March 31, 2025
Segment Results						Mortgage						All Other and			Hilltop
(in 000’s)	Banking		Broker-Dealer			Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	90,550	$	11,568		$	(1,397	)	$	(869	)	$	5,265		$	105,117
Provision for (reversal of) credit losses		9,372		(34	)		—			—			—			9,338
Noninterest income		10,810		96,937			67,775			43,379			(5,561	)		213,340
Noninterest expense		51,930		99,323			74,660			25,891			(331	)		251,473
Income (loss) before taxes	$	40,058	$	9,216		$	(8,282	)	$	16,619		$	35		$	57,646


	March 31,			December 31,			September 30,			June 30,			March 31,
Capital Ratios	2026			2025			2025			2025			2025
Tier 1 capital (to average assets):
PlainsCapital		9.54	%		10.60	%		10.74	%		10.71	%		10.22	%
Hilltop		12.82	%		12.78	%		13.13	%		13.11	%		12.86	%
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		12.71	%		14.49	%		14.81	%		15.08	%		15.06	%
Hilltop		19.08	%		19.70	%		20.33	%		20.74	%		21.17	%
Tier 1 capital (to risk-weighted assets):
PlainsCapital		12.71	%		14.49	%		14.81	%		15.08	%		15.06	%
Hilltop		19.08	%		19.70	%		20.33	%		20.74	%		21.17	%
Total capital (to risk-weighted assets):
PlainsCapital		13.77	%		15.60	%		15.96	%		16.29	%		16.31	%
Hilltop		21.50	%		22.20	%		22.90	%		23.38	%		24.45	%





	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
Selected Financial Data	2026			2025			2025			2025			2025

Hilltop Consolidated:
Return on average stockholders’ equity		7.12	%		7.60	%		8.35	%		6.62	%		7.82	%
Return on average assets		1.02	%		1.09	%		1.20	%		0.98	%		1.13	%
Net interest margin ⁽¹⁾		3.13	%		3.02	%		3.06	%		3.01	%		2.84	%
Net interest margin (taxable equivalent) ⁽²⁾:
As reported		3.15	%		3.04	%		3.09	%		3.04	%		2.86	%
Impact of purchase accounting		4 bps			3 bps			2 bps			2 bps			4 bps
Book value per common share ($)		36.63			36.42			35.69			34.90			34.29
Shares outstanding, end of period (000’s)		58,530			59,540			61,326			63,001			64,154
Dividend payout ratio ⁽³⁾		31.25	%		26.17	%		24.41	%		31.75	%		27.62	%

Banking Segment:
Net interest margin ⁽¹⁾		3.38	%		3.29	%		3.23	%		3.16	%		2.97	%
Net interest margin (taxable equivalent)⁽²⁾:
As reported		3.39	%		3.29	%		3.23	%		3.17	%		2.97	%
Impact of purchase accounting		5 bps			4 bps			2 bps			3 bps			3 bps
Accretion of discount on loans ($000’s)		1,260			961			572			588			1,045
Net recoveries (charge-offs) ($000’s)		(4,305	)		(11,455	)		(282	)		(896	)		(4,257	)
Return on average assets		1.17	%		1.05	%		1.34	%		1.35	%		0.96	%
Fee income ratio		10.1	%		11.0	%		10.2	%		11.1	%		10.7	%
Efficiency ratio		55.5	%		54.1	%		51.7	%		55.4	%		51.2	%
Employees’ compensation and benefits ($000’s)		35,744			33,241			31,925			32,146			34,102

Broker-Dealer Segment:
Net revenue ($000’s) ⁽⁴⁾		116,067			138,374			144,494			109,653			108,505
Employees’ compensation and benefits ($000’s)		71,272			83,361			86,997			73,493			68,064
Variable compensation expense ($000’s)		36,469			49,635			50,756			36,172			33,283
Compensation as a % of net revenue		61.4	%		60.2	%		60.2	%		67.0	%		62.7	%
Pre-tax margin ⁽⁵⁾		12.7	%		18.4	%		18.3	%		5.8	%		8.5	%

Mortgage Origination Segment:
Mortgage loan originations – volume ($000’s):
Home purchases		1,428,157			1,918,395			2,027,568			2,168,690			1,528,560
Refinancings		600,569			511,960			269,136			263,829			213,781
Total mortgage loan originations – volume		2,028,726			2,430,355			2,296,704			2,432,519			1,742,341
Mortgage loan sales – volume ($000’s)		2,021,018			2,180,088			2,220,126			2,135,291			1,744,555
Net gains from mortgage loan sales (basis points):
Loans sold to third parties ⁽⁶⁾		248			236			226			223			222
Broker fee income ⁽⁷⁾		13			14			13			10			10
Impact of loans retained by banking segment		(7	)		(4	)		(5	)		(5	)		(8	)
As reported		254			246			234			228			224
Mortgage servicing rights asset ($000’s) ⁽⁸⁾		20,045			17,491			12,273			7,887			6,903
Employees’ compensation and benefits ($000’s)		55,087			59,657			60,036			62,214			53,339
Variable compensation expense ($000’s)		28,723			34,275			32,665			34,975			24,832

______________________________
⁽¹⁾	Net interest margin is defined as net interest income divided by average interest-earning assets.
⁽²⁾	Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $1.0 million, $0.8 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.2 million, $0.1 million, $0.3 million, $0.1 million and $0.2 million, respectively, for the periods presented.
⁽³⁾	Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share.
⁽⁴⁾	Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income.
⁽⁵⁾	Pre-tax margin is defined as income before income taxes divided by net revenue.
⁽⁶⁾	Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 7, 8, 9, 7 and 17 basis points, respectively, for the periods presented.
⁽⁷⁾	Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending.
⁽⁸⁾	Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation.





	March 31,			December 31,			September 30,			June 30,			March 31,
Non-Performing Assets Portfolio Data	2026			2025			2025			2025			2025
Loans accounted for on a non-accrual basis ($000’s):
Commercial real estate:
Non-owner occupied	$	15,288		$	3,873		$	3,969		$	4,107		$	4,241
Owner occupied		10,218			5,617			7,119			6,429			6,535
Commercial and industrial		22,237			28,581			41,457			40,990			51,987
Construction and land development		844			1,010			1,007			3,667			3,256
1-4 family residential		12,419			14,367			14,701			17,550			15,458
Consumer		—			—			—			—			—
Broker-dealer		—			—			—			—			—
Non-accrual loans ($000’s)	$	61,006		$	53,448		$	68,253		$	72,743		$	81,477

Non-accrual loans as a % of total loans		0.66	%		0.58	%		0.75	%		0.80	%		0.93	%

Other real estate owned ($000’s)		8,473			8,020			8,289			9,144			7,682

Other repossessed assets ($000’s)		—			—			—			—			—

Non-performing assets ($000’s)		69,479			61,468			76,542			81,887			89,159

Non-performing assets as a % of total assets		0.44	%		0.39	%		0.49	%		0.53	%		0.56	%

Loans past due 90 days or more and still accruing ($000’s) ⁽¹⁾		40,155			33,811			28,388			28,378			24,145

______________________________
⁽¹⁾	Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending.





	Three Months Ended March 31,
	2026							2025
	Average			Interest		Annualized		Average			Interest		Annualized
Net Interest Margin	Outstanding			Earned		Yield or		Outstanding			Earned		Yield or
(Taxable Equivalent) Details ⁽¹⁾	Balance			or Paid		Rate		Balance			or Paid		Rate
Assets
Interest-earning assets
Loans held for sale	$	845,782		$	12,353	5.84	%	$	709,094		$	11,438	6.45	%
Loans held for investment, gross ⁽²⁾		8,297,552			117,733	5.75	%		7,890,745			113,254	5.82	%
Investment securities – taxable		2,529,893			26,919	4.26	%		2,455,590			24,782	4.04	%
Investment securities – non-taxable ⁽³⁾		356,410			3,797	4.26	%		321,128			3,253	4.05	%
Federal funds sold and securities purchased under agreements to resell		87,371			963	4.47	%		100,691			1,820	7.33	%
Interest-bearing deposits in other financial institutions		857,761			7,541	3.57	%		2,037,462			21,192	4.22	%
Securities borrowed		1,435,543			14,203	3.96	%		1,390,797			15,809	4.55	%
Other		119,239			1,557	5.30	%		117,155			1,891	6.55	%
Interest-earning assets, gross ⁽³⁾		14,529,551			185,066	5.17	%		15,022,662			193,439	5.22	%
Allowance for credit losses		(91,822	)						(100,704	)
Interest-earning assets, net		14,437,729							14,921,958
Noninterest-earning assets		1,003,519							1,012,700
Total assets	$	15,441,248						$	15,934,658

Liabilities and Stockholders’ Equity
Interest-bearing liabilities
Interest-bearing deposits	$	7,881,301		$	48,325	2.49	%	$	8,186,423		$	60,051	2.97	%
Securities loaned		1,420,058			12,842	3.67	%		1,381,819			14,736	4.33	%
Notes payable and other borrowings		959,120			11,026	4.66	%		1,065,835			12,895	4.91	%
Total interest-bearing liabilities		10,260,479			72,193	2.85	%		10,634,077			87,682	3.34	%
Noninterest-bearing liabilities
Noninterest-bearing deposits		2,728,216							2,696,247
Other liabilities		267,998							391,617
Total liabilities		13,256,693							13,721,941
Stockholders’ equity		2,155,173							2,184,937
Noncontrolling interest		29,382							27,780
Total liabilities and stockholders’ equity	$	15,441,248						$	15,934,658

Net interest income ⁽³⁾				$	112,873						$	105,757
Net interest spread ⁽³⁾						2.32	%						1.88	%
Net interest margin ⁽³⁾						3.15	%						2.86	%

______________________________
⁽¹⁾	Information presented on a consolidated basis (dollars in thousands).
⁽²⁾	Average balance includes non-accrual loans.
⁽³⁾	Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively.

Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, April 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review first quarter 2026 financial results. Interested parties can access the conference call by dialing 800-715-9871 (Toll Free North America) or (+1) 646-307-1963 (International Toll) and then using the conference ID 4151629. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website (http://ir.hilltop.com).

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At March 31, 2026, Hilltop employed approximately 3,520 people and operated 303 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

FORWARD-LOOKING STATEMENTS

This press release includes “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 our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated or implied in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our outlook, plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” 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 materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and 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 our data security controls in the face of cyber-attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our 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 our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our 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; and (xiii) our 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 and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423497270/en/

Investor Relations Contact:

Matt Dunn

214-525-4636

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Personal Finance Finance Banking Professional Services Other Professional Services

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