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Dec 31, 2024
Hilltop Q4 2024 Earnings Report
Hilltop's financial performance was marked by increased net income and EPS, alongside stable loan and deposit levels.
Key Takeaways
Hilltop Holdings reported a strong Q4 2024, with a 24% increase in income attributable to Hilltop to $35.5 million and diluted EPS of $0.55, a 20% increase. Net interest income remained stable, while noninterest income increased by 9%. The company maintained stable loan and deposit levels.
Net income attributable to Hilltop increased by 24% year-over-year to $35.5 million.
Diluted EPS increased by 20% year-over-year to $0.55.
Net interest income remained relatively stable at $105.5 million.
Noninterest income increased by 9% year-over-year to $195.6 million.
Forward Guidance
Hilltop Holdings provided its outlook for 2025, including expectations for loan and deposit growth, net interest income, noninterest income and expense, provision expense, and the effective tax rate.
Positive Outlook
- Full year average Bank loans to grow 2% - 5%
- Full year average Bank deposits expected to increase 2% – 5%
- Mortgage origination volume $9 – $10 billion
- Gain on Sale to third parties to remain relatively stable, market dependent
- Broker Dealer fees increase 1% – 4%
Challenges Ahead
- NII decline of 0% – 2% driven by projected rate declines on an asset sensitive balance sheet
- Outlook assumes two Fed Funds rate cuts during 2025
- Non-variable expenses increase 1% – 4%
- Variable expenses to follow revenue contribution from fee businesses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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