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Dec 31, 2020
Hilltop Q4 2020 Earnings Report
Hilltop reported strong Q4 results driven by mortgage origination segment and record earnings.
Key Takeaways
Hilltop Holdings Inc. announced strong financial results for the fourth quarter and full year 2020, marked by a significant increase in mortgage origination segment net gains from sale of loans and other mortgage production income. The company's income from continuing operations to common stockholders was $112.7 million, or $1.30 per diluted share, for the fourth quarter of 2020, compared to $43.7 million, or $0.48 per diluted share, for the fourth quarter of 2019.
Income from continuing operations to common stockholders increased to $112.7 million, or $1.30 per diluted share.
Mortgage origination segment net gains from sale of loans and other mortgage production income significantly increased.
Mortgage loan origination production volume was $6.8 billion.
The Board of Directors declared a quarterly cash dividend of $0.12 per common share, a 33% increase from the prior quarter.
Revenue by Segment
Forward Guidance
Hilltop believes it is well-positioned with established businesses, synchronized leadership, and robust capital as they embark upon 2021. The dividend increase and share repurchase authorization demonstrate the strength and momentum of the franchise.
Positive Outlook
- Established businesses
- Synchronized leadership
- Robust capital
- Dividend increase
- Share repurchase authorization
Challenges Ahead
- COVID-19 pandemic impact on financial markets
- COVID-19 impact on overall economic conditions
- Adverse implications of COVID-19 on customers and clients
- Potential disruption in the financial services industry
- Extended government orders and regulations in response to the pandemic
Historical Earnings Impact
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Avg. Return Before/After Earnings
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