Hilltop Holdings Inc. HTH
Hilltop Holdings Inc. is a diversified, Texas-based financial holding company incorporated in Maryland and registered under the Bank Holding Company Act of 1956, as amended (the "Bank Holding Company Act"). Our primary line of business is to provide business and consumer banking services from offices located throughout Texas through the Bank. We also provide an array of financial products and services through our broker-dealer and mortgage origination segments. We endeavor to build and maintain a strong financial services company through organic growth as well as acquisitions, which we may make using available capital, excess liquidity and, if necessary or appropriate, additional equity or debt financing sources. The following includes additional details regarding the financial products and services provided by each of our two primary business units.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $784.0M | $836.4M | $838.4M | $591.1M | $530.0M | $546.5M | $610.7M | $574.6M | $507.2M | $456.0M |
| Interest expense | $440.7M | $417.8M | $466.8M | $459.0M | $107.0M | $122.3M | $171.7M | $141.3M | $85.4M | $58.4M |
| Pre-tax income | $221.1M | $154.3M | $149.1M | $156.1M | $504.1M | $564.4M | $282.7M | $155.0M | $243.3M | $231.4M |
| Income tax | $49.0M | $31.0M | $31.1M | $36.8M | $118.0M | $133.1M | $63.7M | $34.2M | $110.1M | $83.5M |
| Net income | $166.0M | $113.0M | $110.0M | $113.0M | $374.0M | $447.8M | $225.3M | $121.4M | $132.5M | $145.9M |
| EPS, basic | 2.64 | 1.74 | 1.69 | 1.61 | 4.64 | 5.02 | 2.44 | 1.28 | 1.36 | 1.48 |
| EPS, diluted | 2.64 | 1.74 | 1.69 | 1.60 | 4.61 | 5.01 | 2.44 | 1.28 | 1.36 | 1.48 |
| Shares, diluted (wtd. avg.) | $62.7M | $65.0M | $65.0M | $70.6M | $81.2M | $89.3M | $92.4M | $95.1M | $97.4M | $98.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.25B | $2.37B | $1.92B | $1.65B | $3.05B | $1.06B | $433.6M | $599.0M | $674.0M | $871.8M |
| Property, plant and equipment | — | — | — | — | — | — | $220.0M | $237.4M | $177.6M | $190.4M |
| Goodwill | $267.4M | $267.4M | $267.4M | $267.4M | $267.4M | $267.4M | $267.4M | $291.4M | $251.8M | $251.8M |
| Other intangibles | $5.6M | $6.6M | $8.5M | $11.3M | $15.3M | $20.4M | $26.7M | $38.0M | $36.4M | $44.7M |
| Total assets | $15.84B | $16.27B | $16.47B | $16.26B | $18.69B | $16.94B | $15.17B | $13.68B | $13.37B | $12.74B |
| Short-term debt | $676.9M | $834.0M | $900.0M | $970.1M | $859.4M | $695.8M | $1.42B | $1.07B | $1.21B | $1.42B |
| Long-term debt | — | — | — | — | — | — | — | $228.9M | $208.8M | $317.9M |
| Total liabilities | $13.65B | $14.05B | $14.32B | $14.20B | $16.14B | $14.59B | $13.04B | $11.71B | $11.45B | $10.86B |
| Retained earnings | $1.27B | $1.25B | $1.19B | $1.12B | $1.26B | $986.8M | $644.9M | $466.7M | $384.5M | $295.6M |
| Total equity | $2.17B | $2.19B | $2.15B | $2.06B | $2.55B | $2.35B | $2.13B | $1.97B | $1.91B | $1.87B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$38.7M | $273.9M | $443.0M | $1.19B | $765.6M | $280.4M | -$433.0M | $389.5M | -$320.7M | -$161.0M |
| Depreciation and amortisation | $15.7M | $19.9M | $19.6M | $32.6M | $24.6M | $21.9M | -$1.5M | -$5.3M | -$13.9M | -$49.8M |
| Capital expenditure | $16.8M | $7.1M | $8.5M | $9.8M | $24.8M | $37.7M | $42.3M | $67.7M | $31.2M | $41.9M |
| Investing cash flow | -$364.8M | $354.2M | $158.3M | -$877.3M | -$553.3M | -$827.7M | -$604.3M | -$289.7M | -$358.0M | -$493.6M |
| Financing cash flow | -$714.2M | -$174.3M | -$332.5M | -$1.71B | $1.48B | $1.26B | $901.6M | $4.6M | $480.9M | $698.2M |
| Dividends paid | $45.4M | $44.3M | $41.6M | $43.0M | $39.0M | $32.5M | $29.6M | $26.7M | $23.1M | $5.8M |
| Buybacks | $184.0M | $19.9M | $5.1M | $442.3M | $123.6M | $208.7M | $73.4M | $59.0M | $27.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-053118.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |