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.