Hilltop Q4 2019 Earnings Report

Hilltop's Q4 2019 financial results were announced, showcasing an increase in income to common stockholders compared to Q4 2018. The board declared a higher quarterly cash dividend, and the company executed a stock repurchase program. The company also adopted the current expected credit loss model (CECL).

Key Takeaways

Hilltop Holdings Inc. reported income to common stockholders of $49.3 million, or $0.54 per diluted share, for the fourth quarter of 2019, compared to $28.1 million, or $0.30 per diluted share, for the fourth quarter of 2018. The Board of Directors declared a quarterly cash dividend of $0.09 per common share, a 12.5% increase from the prior quarter.

Income to common stockholders increased to $49.3 million, or $0.54 per diluted share.

The Board of Directors declared a quarterly cash dividend of $0.09 per common share, a 12.5% increase from the prior quarter.

Total assets were $15.2 billion at December 31, 2019.

Noninterest income increased to $299.3 million.