Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2026
DALLAS--( BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2026. Hilltop produced income attributable to common stockholders of $36.5 million, or $0.63 per diluted share, for the second quarter of 2026, compared to $36.1 million, or $0.57 per diluted share, for the second quarter of 2025.
Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per common share, a 10% increase from the prior quarter, payable on August 21, 2026 to all common stockholders of record as of the close of business on August 7, 2026. Additionally, during the second quarter of 2026, Hilltop paid $47.0 million to repurchase an aggregate of 1,250,000 shares of its common stock at an average price of $37.58 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.
Furthermore, in July 2026, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $200.0 million, an increase of $75.0 million. As a result of share repurchases during 2026, Hilltop has approximately $106 million of available share repurchase capacity through the expiration of the 2026 stock repurchase program in January 2027.
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, elevated energy prices, and international armed conflicts and their impact on supply chains within our business segments during the second 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, “During the second quarter of 2026, Hilltop delivered a 1% return on average assets and returned approximately $59 million to stockholders through dividends and share repurchases. At PlainsCapital Bank, continued core loan growth and an expansion in net interest margin drove a 1.3% return on average assets and $51 million of pre-tax income. PrimeLending realized a $2 million pre-tax loss on $2.4 billion of origination volume as the mortgage market faced a subdued start to the summer buying season primarily due to the recent increase in mortgage rates. HilltopSecurities produced a 10% pre-tax margin on $124 million of net revenues to deliver $12 million of pre-tax income, which was primarily driven by strong quarters in its Wealth Management and Structured Finance business lines. As we look to the second half of 2026, we expect to continue to execute on our strategic priorities while prudently managing capital and creating long-term value for our stockholders.”
Second Quarter 2026 Highlights for Hilltop:
1
“Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $406.3 million and $361.0 million at June 30, 2026 and March 31, 2026, respectively.
2
Total deposits at June 30, 2026 included estimated uninsured deposits of $5.7 billion, or approximately 55% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $580.0 million and internal accounts of $388.6 million, were $4.8 billion, or approximately 45% 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
June 30,
March 31,
December 31,
September 30,
June 30,
(in 000's)
2026
2026
2025
2025
2025
Cash and due from banks
$
750,508
$
874,194
$
1,231,944
$
1,277,283
$
982,488
Federal funds sold
650
650
650
650
650
Assets segregated for regulatory purposes
17,827
17,673
20,211
5,050
47,158
Securities purchased under agreements to resell
112,496
133,088
55,977
78,909
93,878
Securities:
Trading, at fair value
674,054
698,106
617,408
574,434
675,757
Available for sale, at fair value, net (1)
1,450,592
1,469,670
1,491,048
1,443,612
1,408,347
Held to maturity, at amortized cost, net (1)
745,175
759,628
728,329
755,012
771,641
Equity, at fair value
287
238
265
248
4,996
2,870,108
2,927,642
2,837,050
2,773,306
2,860,741
Loans held for sale
1,004,118
807,745
950,142
849,357
979,875
Loans held for investment, net of unearned income
8,672,927
8,433,673
8,311,952
8,227,194
8,061,204
Allowance for credit losses
(84,856
)
(88,997
)
(91,537
)
(95,168
)
(97,961
)
Loans held for investment, net
8,588,071
8,344,676
8,220,415
8,132,026
7,963,243
Broker-dealer and clearing organization receivables
1,714,179
1,625,156
1,588,882
1,519,005
1,469,628
Premises and equipment, net
131,099
135,551
132,820
136,830
139,179
Operating lease right-of-use assets
88,325
89,845
83,757
87,464
88,050
Mortgage servicing assets
22,755
20,045
17,491
12,273
7,887
Other assets
428,111
452,779
432,603
459,588
455,930
Goodwill
267,447
267,447
267,447
267,447
267,447
Other intangible assets, net
5,125
5,365
5,605
5,862
6,119
Total assets
$
16,000,819
$
15,701,856
$
15,844,994
$
15,605,050
$
15,362,273
Deposits:
Noninterest-bearing
$
2,744,425
$
2,830,008
$
2,831,919
$
2,766,155
$
2,790,958
Interest-bearing
7,769,628
7,701,541
8,046,161
7,909,316
7,600,599
Total deposits
10,514,053
10,531,549
10,878,080
10,675,471
10,391,557
Broker-dealer and clearing organization payables
1,524,115
1,481,998
1,518,503
1,445,280
1,461,683
Short-term borrowings
1,243,214
990,807
676,882
680,979
734,508
Securities sold, not yet purchased, at fair value
90,264
63,346
37,955
65,119
59,766
Notes payable
148,703
148,645
148,587
148,530
148,475
Operating lease liabilities
104,410
106,166
100,155
104,134
104,972
Other liabilities
219,764
205,621
287,226
269,297
234,467
Total liabilities
13,844,523
13,528,132
13,647,388
13,388,810
13,135,428
Common stock
573
585
595
613
630
Additional paid-in capital
936,525
953,176
973,072
998,644
1,022,474
Accumulated other comprehensive loss
(81,006
)
(82,348
)
(79,877
)
(87,254
)
(94,748
)
Retained earnings
1,270,141
1,272,618
1,274,611
1,276,539
1,270,286
Total Hilltop stockholders' equity
2,126,233
2,144,031
2,168,401
2,188,542
2,198,642
Noncontrolling interests
30,063
29,693
29,205
27,698
28,203
Total stockholders' equity
2,156,296
2,173,724
2,197,606
2,216,240
2,226,845
Total liabilities & stockholders' equity
$
16,000,819
$
15,701,856
$
15,844,994
$
15,605,050
$
15,362,273
(1)
At June 30, 2026, the amortized cost of the available for sale securities portfolio was $1,519,183, while the fair value of the held to maturity securities portfolio was $686,724.
Three Months Ended
Consolidated Income Statements
June 30,
March 31,
December 31,
September 30,
June 30,
(in 000's, except per share data)
2026
2026
2025
2025
2025
Interest income:
Loans, including fees
$
134,532
$
130,086
$
133,546
$
135,773
$
131,793
Securities borrowed
15,340
14,203
17,753
21,175
20,544
Securities:
Taxable
28,359
26,919
25,088
25,452
25,811
Tax-exempt
3,358
3,021
3,509
3,512
3,087
Other
7,457
10,061
13,913
14,349
15,946
Total interest income
189,046
184,290
193,809
200,261
197,181
Interest expense:
Deposits
45,285
48,325
54,167
57,001
57,056
Securities loaned
13,774
12,842
16,020
19,430
17,662
Short-term borrowings
10,441
7,587
7,637
7,867
7,694
Notes payable
2,361
2,355
2,317
2,404
3,106
Other
1,334
1,084
1,141
1,171
989
Total interest expense
73,195
72,193
81,282
87,873
86,507
Net interest income
115,851
112,097
112,527
112,388
110,674
Provision for (reversal of) credit losses
(974
)
1,765
7,824
(2,511
)
(7,340
)
Net interest income after provision for (reversal of) credit losses
116,825
110,332
104,703
114,899
118,014
Noninterest income (1):
Net gains from sale of loans and other mortgage production income
48,583
50,972
49,580
51,730
51,945
Mortgage loan origination fees
30,294
21,910
26,602
24,850
28,738
Principal transactions, commissions and fees
64,197
66,534
76,033
74,066
47,856
Investment banking, advisory and administrative fees
44,200
36,920
47,627
53,349
43,730
Other
12,684
12,079
17,518
13,812
20,365
Total noninterest income
199,958
188,415
217,360
217,807
192,634
Noninterest expense:
Employees' compensation and benefits
179,896
168,962
187,960
190,027
176,410
Occupancy and equipment, net
19,427
19,829
20,818
19,930
21,064
Professional services
12,647
11,245
12,386
12,681
10,820
Other
54,766
48,267
47,757
49,265
52,882
Total noninterest expense
266,736
248,303
268,921
271,903
261,176
Income before income taxes
50,047
50,444
53,142
60,803
49,472
Income tax expense
12,092
11,425
10,218
14,129
11,583
Net income
37,955
39,019
42,924
46,674
37,889
Less: Net income attributable to noncontrolling interest
1,433
1,183
1,340
856
1,816
Income attributable to Hilltop
$
36,522
$
37,836
$
41,584
$
45,818
$
36,073
Earnings per common share:
Basic
$
0.63
$
0.64
$
0.69
$
0.74
$
0.57
Diluted
$
0.63
$
0.64
$
0.69
$
0.74
$
0.57
Cash dividends declared per common share
$
0.20
$
0.20
$
0.18
$
0.18
$
0.18
Weighted average shares outstanding:
Basic
57,856
59,124
60,457
62,146
63,637
Diluted
57,950
59,207
60,498
62,168
63,638
(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 June 30, 2026
Segment Results
Mortgage
All Other and
Hilltop
(in 000's)
Banking
Broker-Dealer
Origination
Corporate
Eliminations
Consolidated
Net interest income (expense)
$
99,470
$
12,981
$
(866
)
$
1,456
$
2,810
$
115,851
Provision for (reversal of) credit losses
(1,027
)
53
—
—
—
(974
)
Noninterest income
12,212
110,993
78,969
894
(3,110
)
199,958
Noninterest expense
61,464
111,542
80,118
13,906
(294
)
266,736
Income (loss) before taxes
$
51,245
$
12,379
$
(2,015
)
$
(11,556
)
$
(6
)
$
50,047
Six Months Ended June 30, 2026
Segment Results
Mortgage
All Other and
Hilltop
(in 000's)
Banking
Broker-Dealer
Origination
Corporate
Eliminations
Consolidated
Net interest income (expense)
$
198,194
$
24,874
$
(1,794
)
$
2,885
$
3,789
$
227,948
Provision for (reversal of) credit losses
732
59
—
—
—
791
Noninterest income
23,292
215,167
151,938
2,323
(4,347
)
388,373
Noninterest expense
122,447
212,827
154,519
25,798
(552
)
515,039
Income (loss) before taxes
$
98,307
$
27,155
$
(4,375
)
$
(20,590
)
$
(6
)
$
100,491
Three Months Ended June 30, 2025
Segment Results
Mortgage
All Other and
Hilltop
(in 000's)
Banking
Broker-Dealer
Origination
Corporate
Eliminations
Consolidated
Net interest income (expense)
$
94,919
$
13,151
$
(2,302
)
$
(166
)
$
5,072
$
110,674
Provision for (reversal of) credit losses
(7,343
)
3
—
—
—
(7,340
)
Noninterest income
11,892
96,502
90,248
(628
)
(5,380
)
192,634
Noninterest expense
59,226
103,253
84,736
14,285
(324
)
261,176
Income (loss) before taxes
$
54,928
$
6,397
$
3,210
$
(15,079
)
$
16
$
49,472
Six Months Ended June 30, 2025
Segment Results
Mortgage
All Other and
Hilltop
(in 000's)
Banking
Broker-Dealer
Origination
Corporate
Eliminations
Consolidated
Net interest income (expense)
$
185,469
$
24,719
$
(3,699
)
$
(1,035
)
$
10,337
$
215,791
Provision for (reversal of) credit losses
2,029
(31
)
—
—
—
1,998
Noninterest income
22,702
193,439
158,023
42,751
(10,941
)
405,974
Noninterest expense
111,156
202,576
159,396
40,176
(655
)
512,649
Income (loss) before taxes
$
94,986
$
15,613
$
(5,072
)
$
1,540
$
51
$
107,118
June 30,
March 31,
December 31,
September 30,
June 30,
Capital Ratios
2026
2026
2025
2025
2025
Tier 1 capital (to average assets):
PlainsCapital
9.73
%
9.54
%
10.60
%
10.74
%
10.71
%
Hilltop
12.73
%
12.82
%
12.78
%
13.13
%
13.11
%
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital
12.50
%
12.71
%
14.49
%
14.81
%
15.08
%
Hilltop
18.34
%
19.08
%
19.70
%
20.33
%
20.74
%
Tier 1 capital (to risk-weighted assets):
PlainsCapital
12.50
%
12.71
%
14.49
%
14.81
%
15.08
%
Hilltop
18.34
%
19.08
%
19.70
%
20.33
%
20.74
%
Total capital (to risk-weighted assets):
PlainsCapital
13.47
%
13.77
%
15.60
%
15.96
%
16.29
%
Hilltop
20.63
%
21.50
%
22.20
%
22.90
%
23.38
%
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
Selected Financial Data
2026
2026
2025
2025
2025
Hilltop Consolidated:
Return on average stockholders' equity
6.89
%
7.12
%
7.60
%
8.35
%
6.62
%
Return on average assets
0.99
%
1.02
%
1.09
%
1.20
%
0.98
%
Net interest margin (1)
3.21
%
3.13
%
3.02
%
3.06
%
3.01
%
Net interest margin (taxable equivalent) (2):
As reported
3.23
%
3.15
%
3.04
%
3.09
%
3.04
%
Impact of purchase accounting
2 bps
4 bps
3 bps
2 bps
2 bps
Book value per common share ($)
37.12
36.63
36.42
35.69
34.90
Shares outstanding, end of period (000's)
57,284
58,530
59,540
61,326
63,001
Dividend payout ratio (3)
31.68
%
31.25
%
26.17
%
24.41
%
31.75
%
Banking Segment:
Net interest margin (1)
3.42
%
3.38
%
3.29
%
3.23
%
3.16
%
Net interest margin (taxable equivalent) (2):
As reported
3.42
%
3.39
%
3.29
%
3.23
%
3.17
%
Impact of purchase accounting
3 bps
5 bps
4 bps
2 bps
3 bps
Accretion of discount on loans ($000's)
813
1,260
961
572
588
Net recoveries (charge-offs) ($000's)
(3,167
)
(4,305
)
(11,455
)
(282
)
(896
)
Return on average assets
1.28
%
1.17
%
1.05
%
1.34
%
1.35
%
Fee income ratio
10.9
%
10.1
%
11.0
%
10.2
%
11.1
%
Efficiency ratio
55.0
%
55.5
%
54.1
%
51.7
%
55.4
%
Employees' compensation and benefits ($000's)
33,523
35,744
33,241
31,925
32,146
Broker-Dealer Segment:
Net revenue ($000's) (4)
123,974
116,067
138,374
144,494
109,653
Employees' compensation and benefits ($000's)
76,861
71,272
83,361
86,997
73,493
Variable compensation expense ($000's)
43,003
36,469
49,635
50,756
36,172
Compensation as a % of net revenue
62.0
%
61.4
%
60.2
%
60.2
%
67.0
%
Pre-tax margin (5)
10.0
%
12.7
%
18.4
%
18.3
%
5.8
%
Mortgage Origination Segment:
Mortgage loan originations - volume ($000's):
Home purchases
2,075,078
1,428,157
1,918,395
2,027,568
2,168,690
Refinancings
318,464
600,569
511,960
269,136
263,829
Total mortgage loan originations - volume
2,393,542
2,028,726
2,430,355
2,296,704
2,432,519
Mortgage loan sales - volume ($000's)
2,041,387
2,021,018
2,180,088
2,220,126
2,135,291
Net gains from mortgage loan sales (basis points):
Loans sold to third parties (6)
217
248
236
226
223
Broker fee income (7)
12
13
14
13
10
Impact of loans retained by banking segment
(6
)
(7
)
(4
)
(5
)
(5
)
As reported
223
254
246
234
228
Mortgage servicing rights asset ($000's) (8)
22,755
20,045
17,491
12,273
7,887
Employees' compensation and benefits ($000's)
60,738
55,087
59,657
60,036
62,214
Variable compensation expense ($000's)
34,514
28,723
34,275
32,665
34,975
(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, $0.8 million, $1.0 million and $0.8 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.1 million, $0.3 million and $0.1 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 8, 7, 8, 9 and 7 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.
June 30,
March 31,
December 31,
September 30,
June 30,
Non-Performing Assets Portfolio Data
2026
2026
2025
2025
2025
Loans accounted for on a non-accrual basis ($000's):
Commercial real estate:
Non-owner occupied
$
13,785
$
15,288
$
3,873
$
3,969
$
4,107
Owner occupied
10,769
10,218
5,617
7,119
6,429
Commercial and industrial
17,567
22,237
28,581
41,457
40,990
Construction and land development
690
844
1,010
1,007
3,667
1-4 family residential
11,991
12,419
14,367
14,701
17,550
Consumer
—
—
—
—
—
Broker-dealer
—
—
—
—
—
Non-accrual loans ($000's)
$
54,802
$
61,006
$
53,448
$
68,253
$
72,743
Non-accrual loans as a % of total loans
0.57
%
0.66
%
0.58
%
0.75
%
0.80
%
Other real estate owned ($000's)
7,466
8,473
8,020
8,289
9,144
Other repossessed assets ($000's)
—
—
—
—
—
Non-performing assets ($000's)
62,268
69,479
61,468
76,542
81,887
Non-performing assets as a % of total assets
0.39
%
0.44
%
0.39
%
0.49
%
0.53
%
Loans past due 90 days or more and still accruing ($000's) (1)
40,226
40,155
33,811
28,388
28,378
(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 June 30,
2026
2025
Average
Interest
Annualized
Average
Interest
Annualized
Outstanding
Earned
Yield or
Outstanding
Earned
Yield or
Net Interest Margin (Taxable Equivalent) Details (1)
Balance
or Paid
Rate
Balance
or Paid
Rate
Assets
Interest-earning assets
Loans held for sale
$
909,079
$
13,303
5.79
%
$
923,726
$
14,119
6.05
%
Loans held for investment, gross (2)
8,493,343
121,229
5.73
%
8,073,187
117,674
5.84
%
Investment securities - taxable
2,518,187
28,359
4.50
%
2,490,931
25,811
4.10
%
Investment securities - non-taxable (3)
408,648
4,205
4.12
%
360,557
3,891
4.27
%
Federal funds sold and securities purchased under agreements to resell
100,327
1,043
4.17
%
84,583
1,352
6.41
%
Interest-bearing deposits in other financial institutions
469,051
4,269
3.65
%
1,210,977
12,724
4.21
%
Securities borrowed
1,444,723
15,340
4.20
%
1,451,826
20,544
5.60
%
Other
130,037
2,145
6.62
%
127,638
1,871
5.88
%
Interest-earning assets, gross (3)
14,473,395
189,893
5.26
%
14,723,425
197,986
5.39
%
Allowance for credit losses
(88,746
)
(105,816
)
Interest-earning assets, net
14,384,649
14,617,609
Noninterest-earning assets
1,012,012
968,459
Total assets
$
15,396,661
$
15,586,068
Liabilities and Stockholders' Equity
Interest-bearing liabilities
Interest-bearing deposits
$
7,677,083
$
45,285
2.37
%
$
7,868,600
$
57,056
2.91
%
Securities loaned
1,437,483
13,774
3.84
%
1,440,958
17,662
4.92
%
Notes payable and other borrowings
1,231,998
14,136
4.60
%
955,618
11,789
4.95
%
Total interest-bearing liabilities
10,346,564
73,195
2.84
%
10,265,176
86,507
3.38
%
Noninterest-bearing liabilities
Noninterest-bearing deposits
2,703,479
2,775,448
Other liabilities
191,985
330,616
Total liabilities
13,242,028
13,371,240
Stockholders’ equity
2,125,000
2,187,108
Noncontrolling interest
29,633
27,720
Total liabilities and stockholders' equity
$
15,396,661
$
15,586,068
Net interest income (3)
$
116,698
$
111,479
Net interest spread (3)
2.42
%
2.01
%
Net interest margin (3)
3.23
%
3.04
%
(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 $0.8 million for the three months ended June 30, 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, July 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2026 financial results. Interested parties can access the conference call by dialing 833-461-5787 (Toll Free North America) or (+1) 585-542-9983 (International Toll) and then using the conference ID 366946783. 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 June 30, 2026, Hilltop employed approximately 3,600 people and operated 304 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 including potential impact of a prolonged elevated interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of our 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; (xiii) risks associated with merger and acquisition integration; and (xiv) 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.