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Sep 30, 2021
Hilltop Q3 2021 Earnings Report
Hilltop Holdings' performance declined due to lower net interest and noninterest income.
Key Takeaways
Hilltop Holdings reported a decrease in net income and EPS compared to the previous quarter and year-over-year. The decline was primarily due to decreases in net interest income and noninterest income. PlainsCapital Bank, PrimeLending, and HilltopSecurities all contributed to the company's pre-tax income.
PlainsCapital Bank generated $62.9 million in pre-tax income, an increase of $12.7 million from Q3 2020.
PrimeLending generated $62.2 million in pre-tax income on $5.6 billion of originated volume.
HilltopSecurities generated $17.4 million in pre-tax income equating to a pre-tax margin of 13.8%.
Public Finance delivered net revenues of $37.6 million, a 45% increase from Q3 2020.