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Dec 31, 2022
Hilltop Q4 2022 Earnings Report
Hilltop's income to common stockholders decreased compared to the same quarter last year, primarily due to significant decreases in mortgage origination segment net gains and a provision for credit losses in the banking segment.
Key Takeaways
Hilltop Holdings reported income to common stockholders of $25.6 million, or $0.39 per diluted share, for Q4 2022, a decrease compared to $62.2 million, or $0.78 per diluted share, for Q4 2021. The results were impacted by decreases in mortgage origination segment net gains and a provision for credit losses in the banking segment.
Hilltop's income to common stockholders was $25.6 million, or $0.39 per diluted share.
The provision for credit losses was $3.6 million.
Noninterest income was $169.8 million.
Noninterest expense was $253.4 million.
Hilltop
Hilltop
Hilltop Revenue by Segment
Revenue by Segment
Banking Revenue
CapyFin.comBroker-Dealer Revenue
CapyFin.comMortgage Origination Revenue
CapyFin.com Forward Guidance
Hilltop anticipates that headwinds from 2022 will continue to adversely affect operating results in 2023. These headwinds include tight housing inventories, declining deposit balances, rapid increases in market interest rates, and a declining economic forecast.
Challenges Ahead
- Impact of tight housing inventories on mortgage volumes
- Declining deposit balances
- Rapid increases in market interest rates
- Declining economic forecast
- Timing and significance of further changes in U.S. treasury yields and mortgage interest rates