Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2026

DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2026. Hilltop produced income attributable to common stockholders of $36.5 million, or $0.63 per diluted share, for the second quarter of 2026, compared to $36.1 million, or $0.57 per diluted share, for the second quarter of 2025.

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per common share, a 10% increase from the prior quarter, payable on August 21, 2026 to all common stockholders of record as of the close of business on August 7, 2026. Additionally, during the second quarter of 2026, Hilltop paid $47.0 million to repurchase an aggregate of 1,250,000 shares of its common stock at an average price of $37.58 per share pursuant to the 2026 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

Furthermore, in July 2026, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $200.0 million, an increase of $75.0 million. As a result of share repurchases during 2026, Hilltop has approximately $106 million of available share repurchase capacity through the expiration of the 2026 stock repurchase program in January 2027.

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2026 will depend in part on developments outside of our control, including, among others, changes in the political environment, the impact of tariffs and reciprocal tariffs, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, and a volatile economic forecast. These conditions, coupled with exposure to changes in funding costs, inflationary pressures, elevated energy prices, and international armed conflicts and their impact on supply chains within our business segments during the second quarter of 2026 have had, and are expected to continue to have, an adverse impact on our operating results during the remainder of 2026.

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “During the second quarter of 2026, Hilltop delivered a 1% return on average assets and returned approximately $59 million to stockholders through dividends and share repurchases. At PlainsCapital Bank, continued core loan growth and an expansion in net interest margin drove a 1.3% return on average assets and $51 million of pre-tax income. PrimeLending realized a $2 million pre-tax loss on $2.4 billion of origination volume as the mortgage market faced a subdued start to the summer buying season primarily due to the recent increase in mortgage rates. HilltopSecurities produced a 10% pre-tax margin on $124 million of net revenues to deliver $12 million of pre-tax income, which was primarily driven by strong quarters in its Wealth Management and Structured Finance business lines. As we look to the second half of 2026, we expect to continue to execute on our strategic priorities while prudently managing capital and creating long-term value for our stockholders.”

Second Quarter 2026 Highlights for Hilltop:

• The reversal of credit losses was $1.0 million during the second quarter of 2026, compared to a provision for credit losses of $1.8 million in the first quarter of 2026 and a reversal of credit losses of $7.3 million in the second quarter of 2025;
  • The reversal of credit losses during the second quarter of 2026 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes, partially offset by a build in the allowance related to specific reserves within the banking segment since the prior quarter.
• For the second quarter of 2026, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $78.9 million, compared to $80.7 million in the second quarter of 2025, a 2.2% decrease;
  • Mortgage loan origination production volume was $2.4 billion during the second quarter of 2026, compared to $2.4 billion during the second quarter of 2025;
  • Net gains from mortgage loans sold to third parties, including broker fee income, decreased to 229 basis points during the second quarter of 2026, compared to 261 basis points in the first quarter of 2026.
• Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the second quarter of 2026 were 0.99% and 6.89%, respectively, compared to 0.98% and 6.62%, respectively, for the second quarter of 2025;
• Hilltop’s book value per common share increased to $37.12 at June 30, 2026, compared to $36.63 at March 31, 2026;
• Hilltop’s total assets were $16.0 billion and $15.7 billion at June 30, 2026 and March 31, 2026, respectively;
• Loans¹, net of allowance for credit losses, were $8.2 billion and $8.0 billion at June 30, 2026 and March 31, 2026, respectively;
• Non-accrual loans were $54.8 million, or 0.57% of total loans, at June 30, 2026, compared to $61.0 million, or 0.66% of total loans, at March 31, 2026;
• Loans held for sale increased by 24.3% from March 31, 2026 to $1.0 billion at June 30, 2026;
• Total deposits² were $10.5 billion at each of June 30, 2026 and March 31, 2026;
• Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio³ of 12.73% and a Common Equity Tier 1 Capital Ratio of 18.34% at June 30, 2026;
• Hilltop’s consolidated net interest margin⁴ increased to 3.21% for the second quarter of 2026, compared to 3.13% in the first quarter of 2026;
• For the second quarter of 2026, noninterest income was $200.0 million, compared to $192.6 million in the second quarter of 2025, a 3.8% increase;
• For the second quarter of 2026, noninterest expense was $266.7 million, compared to $261.2 million in the second quarter of 2025, a 2.1% increase; and
• Hilltop’s effective tax rate was 24.2% during the second quarter of 2026, compared to 23.4% during the same period in 2025.
  • The effective tax rate for the second quarter of 2026 was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by investments in tax-exempt instruments.

_____________________
^1	“Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $406.3 million and $361.0 million at June 30, 2026 and March 31, 2026, respectively.
^2	Total deposits at June 30, 2026 included estimated uninsured deposits of $5.7 billion, or approximately 55% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $580.0 million and internal accounts of $388.6 million, were $4.8 billion, or approximately 45% of total deposits.
^3	Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets.
^4	Net interest margin is defined as net interest income divided by average interest-earning assets.

Consolidated Financial and Other Information

Consolidated Balance Sheets	June 30,			March 31,			December 31,			September 30,			June 30,
(in 000's)	2026			2026			2025			2025			2025
Cash and due from banks	$	750,508		$	874,194		$	1,231,944		$	1,277,283		$	982,488
Federal funds sold		650			650			650			650			650
Assets segregated for regulatory purposes		17,827			17,673			20,211			5,050			47,158
Securities purchased under agreements to resell		112,496			133,088			55,977			78,909			93,878
Securities:
Trading, at fair value		674,054			698,106			617,408			574,434			675,757
Available for sale, at fair value, net ^(1)		1,450,592			1,469,670			1,491,048			1,443,612			1,408,347
Held to maturity, at amortized cost, net ^(1)		745,175			759,628			728,329			755,012			771,641
Equity, at fair value		287			238			265			248			4,996
		2,870,108			2,927,642			2,837,050			2,773,306			2,860,741
Loans held for sale		1,004,118			807,745			950,142			849,357			979,875
Loans held for investment, net of unearned income		8,672,927			8,433,673			8,311,952			8,227,194			8,061,204
Allowance for credit losses		(84,856	)		(88,997	)		(91,537	)		(95,168	)		(97,961	)
Loans held for investment, net		8,588,071			8,344,676			8,220,415			8,132,026			7,963,243
Broker-dealer and clearing organization receivables		1,714,179			1,625,156			1,588,882			1,519,005			1,469,628
Premises and equipment, net		131,099			135,551			132,820			136,830			139,179
Operating lease right-of-use assets		88,325			89,845			83,757			87,464			88,050
Mortgage servicing assets		22,755			20,045			17,491			12,273			7,887
Other assets		428,111			452,779			432,603			459,588			455,930
Goodwill		267,447			267,447			267,447			267,447			267,447
Other intangible assets, net		5,125			5,365			5,605			5,862			6,119
Total assets	$	16,000,819		$	15,701,856		$	15,844,994		$	15,605,050		$	15,362,273
Deposits:
Noninterest-bearing	$	2,744,425		$	2,830,008		$	2,831,919		$	2,766,155		$	2,790,958
Interest-bearing		7,769,628			7,701,541			8,046,161			7,909,316			7,600,599
Total deposits		10,514,053			10,531,549			10,878,080			10,675,471			10,391,557
Broker-dealer and clearing organization payables		1,524,115			1,481,998			1,518,503			1,445,280			1,461,683
Short-term borrowings		1,243,214			990,807			676,882			680,979			734,508
Securities sold, not yet purchased, at fair value		90,264			63,346			37,955			65,119			59,766
Notes payable		148,703			148,645			148,587			148,530			148,475
Operating lease liabilities		104,410			106,166			100,155			104,134			104,972
Other liabilities		219,764			205,621			287,226			269,297			234,467
Total liabilities		13,844,523			13,528,132			13,647,388			13,388,810			13,135,428
Common stock		573			585			595			613			630
Additional paid-in capital		936,525			953,176			973,072			998,644			1,022,474
Accumulated other comprehensive loss		(81,006	)		(82,348	)		(79,877	)		(87,254	)		(94,748	)
Retained earnings		1,270,141			1,272,618			1,274,611			1,276,539			1,270,286
Total Hilltop stockholders' equity		2,126,233			2,144,031			2,168,401			2,188,542			2,198,642
Noncontrolling interests		30,063			29,693			29,205			27,698			28,203
Total stockholders' equity		2,156,296			2,173,724			2,197,606			2,216,240			2,226,845
Total liabilities & stockholders' equity	$	16,000,819		$	15,701,856		$	15,844,994		$	15,605,050		$	15,362,273

_____________________
(1)	At June 30, 2026, the amortized cost of the available for sale securities portfolio was $1,519,183, while the fair value of the held to maturity securities portfolio was $686,724.

	Three Months Ended
Consolidated Income Statements	June 30,			March 31,		December 31,		September 30,			June 30,
(in 000's, except per share data)	2026			2026		2025		2025			2025
Interest income:
Loans, including fees	$	134,532		$	130,086	$	133,546	$	135,773		$	131,793
Securities borrowed		15,340			14,203		17,753		21,175			20,544
Securities:
Taxable		28,359			26,919		25,088		25,452			25,811
Tax-exempt		3,358			3,021		3,509		3,512			3,087
Other		7,457			10,061		13,913		14,349			15,946
Total interest income		189,046			184,290		193,809		200,261			197,181
Interest expense:
Deposits		45,285			48,325		54,167		57,001			57,056
Securities loaned		13,774			12,842		16,020		19,430			17,662
Short-term borrowings		10,441			7,587		7,637		7,867			7,694
Notes payable		2,361			2,355		2,317		2,404			3,106
Other		1,334			1,084		1,141		1,171			989
Total interest expense		73,195			72,193		81,282		87,873			86,507
Net interest income		115,851			112,097		112,527		112,388			110,674
Provision for (reversal of) credit losses		(974	)		1,765		7,824		(2,511	)		(7,340	)
Net interest income after provision for (reversal of) credit losses		116,825			110,332		104,703		114,899			118,014
Noninterest income ^(1):
Net gains from sale of loans and other mortgage production income		48,583			50,972		49,580		51,730			51,945
Mortgage loan origination fees		30,294			21,910		26,602		24,850			28,738
Principal transactions, commissions and fees		64,197			66,534		76,033		74,066			47,856
Investment banking, advisory and administrative fees		44,200			36,920		47,627		53,349			43,730
Other		12,684			12,079		17,518		13,812			20,365
Total noninterest income		199,958			188,415		217,360		217,807			192,634
Noninterest expense:
Employees' compensation and benefits		179,896			168,962		187,960		190,027			176,410
Occupancy and equipment, net		19,427			19,829		20,818		19,930			21,064
Professional services		12,647			11,245		12,386		12,681			10,820
Other		54,766			48,267		47,757		49,265			52,882
Total noninterest expense		266,736			248,303		268,921		271,903			261,176
Income before income taxes		50,047			50,444		53,142		60,803			49,472
Income tax expense		12,092			11,425		10,218		14,129			11,583
Net income		37,955			39,019		42,924		46,674			37,889
Less: Net income attributable to noncontrolling interest		1,433			1,183		1,340		856			1,816
Income attributable to Hilltop	$	36,522		$	37,836	$	41,584	$	45,818		$	36,073
Earnings per common share:
Basic	$	0.63		$	0.64	$	0.69	$	0.74		$	0.57
Diluted	$	0.63		$	0.64	$	0.69	$	0.74		$	0.57
Cash dividends declared per common share	$	0.20		$	0.20	$	0.18	$	0.18		$	0.18
Weighted average shares outstanding:
Basic		57,856			59,124		60,457		62,146			63,637
Diluted		57,950			59,207		60,498		62,168			63,638

_____________________
(1)	During the three months ended December 31, 2025, certain financial statement line items within the noninterest income section of the consolidated income statement were reclassified to better align disclosures to business activities. These reclassifications were applied retrospectively to all prior periods presented. Total noninterest income did not change as a result of these reclassifications.

	Three Months Ended June 30, 2026
Segment Results						Mortgage						All Other and			Hilltop
(in 000's)	Banking			Broker-Dealer		Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	99,470		$	12,981	$	(866	)	$	1,456		$	2,810		$	115,851
Provision for (reversal of) credit losses		(1,027	)		53		—			—			—			(974	)
Noninterest income		12,212			110,993		78,969			894			(3,110	)		199,958
Noninterest expense		61,464			111,542		80,118			13,906			(294	)		266,736
Income (loss) before taxes	$	51,245		$	12,379	$	(2,015	)	$	(11,556	)	$	(6	)	$	50,047

	Six Months Ended June 30, 2026
Segment Results					Mortgage						All Other and			Hilltop
(in 000's)	Banking		Broker-Dealer		Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	198,194	$	24,874	$	(1,794	)	$	2,885		$	3,789		$	227,948
Provision for (reversal of) credit losses		732		59		—			—			—			791
Noninterest income		23,292		215,167		151,938			2,323			(4,347	)		388,373
Noninterest expense		122,447		212,827		154,519			25,798			(552	)		515,039
Income (loss) before taxes	$	98,307	$	27,155	$	(4,375	)	$	(20,590	)	$	(6	)	$	100,491

	Three Months Ended June 30, 2025
Segment Results						Mortgage						All Other and			Hilltop
(in 000's)	Banking			Broker-Dealer		Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	94,919		$	13,151	$	(2,302	)	$	(166	)	$	5,072		$	110,674
Provision for (reversal of) credit losses		(7,343	)		3		—			—			—			(7,340	)
Noninterest income		11,892			96,502		90,248			(628	)		(5,380	)		192,634
Noninterest expense		59,226			103,253		84,736			14,285			(324	)		261,176
Income (loss) before taxes	$	54,928		$	6,397	$	3,210		$	(15,079	)	$	16		$	49,472

	Six Months Ended June 30, 2025
Segment Results						Mortgage						All Other and			Hilltop
(in 000's)	Banking		Broker-Dealer			Origination			Corporate			Eliminations			Consolidated
Net interest income (expense)	$	185,469	$	24,719		$	(3,699	)	$	(1,035	)	$	10,337		$	215,791
Provision for (reversal of) credit losses		2,029		(31	)		—			—			—			1,998
Noninterest income		22,702		193,439			158,023			42,751			(10,941	)		405,974
Noninterest expense		111,156		202,576			159,396			40,176			(655	)		512,649
Income (loss) before taxes	$	94,986	$	15,613		$	(5,072	)	$	1,540		$	51		$	107,118

	June 30,			March 31,			December 31,			September 30,			June 30,
Capital Ratios	2026			2026			2025			2025			2025
Tier 1 capital (to average assets):
PlainsCapital		9.73	%		9.54	%		10.60	%		10.74	%		10.71	%
Hilltop		12.73	%		12.82	%		12.78	%		13.13	%		13.11	%
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		12.50	%		12.71	%		14.49	%		14.81	%		15.08	%
Hilltop		18.34	%		19.08	%		19.70	%		20.33	%		20.74	%
Tier 1 capital (to risk-weighted assets):
PlainsCapital		12.50	%		12.71	%		14.49	%		14.81	%		15.08	%
Hilltop		18.34	%		19.08	%		19.70	%		20.33	%		20.74	%
Total capital (to risk-weighted assets):
PlainsCapital		13.47	%		13.77	%		15.60	%		15.96	%		16.29	%
Hilltop		20.63	%		21.50	%		22.20	%		22.90	%		23.38	%

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Selected Financial Data	2026			2026			2025			2025			2025
Hilltop Consolidated:
Return on average stockholders' equity		6.89	%		7.12	%		7.60	%		8.35	%		6.62	%
Return on average assets		0.99	%		1.02	%		1.09	%		1.20	%		0.98	%
Net interest margin ^(1)		3.21	%		3.13	%		3.02	%		3.06	%		3.01	%
Net interest margin (taxable equivalent) ^(2):
As reported		3.23	%		3.15	%		3.04	%		3.09	%		3.04	%
Impact of purchase accounting		2 bps			4 bps			3 bps			2 bps			2 bps
Book value per common share ($)		37.12			36.63			36.42			35.69			34.90
Shares outstanding, end of period (000's)		57,284			58,530			59,540			61,326			63,001
Dividend payout ratio ^(3)		31.68	%		31.25	%		26.17	%		24.41	%		31.75	%
Banking Segment:
Net interest margin ^(1)		3.42	%		3.38	%		3.29	%		3.23	%		3.16	%
Net interest margin (taxable equivalent)^(2):
As reported		3.42	%		3.39	%		3.29	%		3.23	%		3.17	%
Impact of purchase accounting		3 bps			5 bps			4 bps			2 bps			3 bps
Accretion of discount on loans ($000's)		813			1,260			961			572			588
Net recoveries (charge-offs) ($000's)		(3,167	)		(4,305	)		(11,455	)		(282	)		(896	)
Return on average assets		1.28	%		1.17	%		1.05	%		1.34	%		1.35	%
Fee income ratio		10.9	%		10.1	%		11.0	%		10.2	%		11.1	%
Efficiency ratio		55.0	%		55.5	%		54.1	%		51.7	%		55.4	%
Employees' compensation and benefits ($000's)		33,523			35,744			33,241			31,925			32,146
Broker-Dealer Segment:
Net revenue ($000's) ^(4)		123,974			116,067			138,374			144,494			109,653
Employees' compensation and benefits ($000's)		76,861			71,272			83,361			86,997			73,493
Variable compensation expense ($000's)		43,003			36,469			49,635			50,756			36,172
Compensation as a % of net revenue		62.0	%		61.4	%		60.2	%		60.2	%		67.0	%
Pre-tax margin ^(5)		10.0	%		12.7	%		18.4	%		18.3	%		5.8	%
Mortgage Origination Segment:
Mortgage loan originations - volume ($000's):
Home purchases		2,075,078			1,428,157			1,918,395			2,027,568			2,168,690
Refinancings		318,464			600,569			511,960			269,136			263,829
Total mortgage loan originations - volume		2,393,542			2,028,726			2,430,355			2,296,704			2,432,519
Mortgage loan sales - volume ($000's)		2,041,387			2,021,018			2,180,088			2,220,126			2,135,291
Net gains from mortgage loan sales (basis points):
Loans sold to third parties ^(6)		217			248			236			226			223
Broker fee income ^(7)		12			13			14			13			10
Impact of loans retained by banking segment		(6	)		(7	)		(4	)		(5	)		(5	)
As reported		223			254			246			234			228
Mortgage servicing rights asset ($000's) ^(8)		22,755			20,045			17,491			12,273			7,887
Employees' compensation and benefits ($000's)		60,738			55,087			59,657			60,036			62,214
Variable compensation expense ($000's)		34,514			28,723			34,275			32,665			34,975

_____________________
(1)	Net interest margin is defined as net interest income divided by average interest-earning assets.
(2)	Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.8 million, $0.8 million, $1.0 million and $0.8 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.1 million, $0.3 million and $0.1 million, respectively, for the periods presented.
(3)	Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share.
(4)	Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income.
(5)	Pre-tax margin is defined as income before income taxes divided by net revenue.
(6)	Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 8, 7, 8, 9 and 7 basis points, respectively, for the periods presented.
(7)	Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending.
(8)	Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation.

	June 30,			March 31,			December 31,			September 30,			June 30,
Non-Performing Assets Portfolio Data	2026			2026			2025			2025			2025
Loans accounted for on a non-accrual basis ($000's):
Commercial real estate:
Non-owner occupied	$	13,785		$	15,288		$	3,873		$	3,969		$	4,107
Owner occupied		10,769			10,218			5,617			7,119			6,429
Commercial and industrial		17,567			22,237			28,581			41,457			40,990
Construction and land development		690			844			1,010			1,007			3,667
1-4 family residential		11,991			12,419			14,367			14,701			17,550
Consumer		—			—			—			—			—
Broker-dealer		—			—			—			—			—
Non-accrual loans ($000's)	$	54,802		$	61,006		$	53,448		$	68,253		$	72,743
Non-accrual loans as a % of total loans		0.57	%		0.66	%		0.58	%		0.75	%		0.80	%
Other real estate owned ($000's)		7,466			8,473			8,020			8,289			9,144
Other repossessed assets ($000's)		—			—			—			—			—
Non-performing assets ($000's)		62,268			69,479			61,468			76,542			81,887
Non-performing assets as a % of total assets		0.39	%		0.44	%		0.39	%		0.49	%		0.53	%
Loans past due 90 days or more and still accruing ($000's) ^(1)		40,226			40,155			33,811			28,388			28,378

_____________________
(1)	Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending.

	Three Months Ended June 30,
	2026							2025
	Average			Interest		Annualized		Average			Interest		Annualized
	Outstanding			Earned		Yield or		Outstanding			Earned		Yield or
Net Interest Margin (Taxable Equivalent) Details ^(1)	Balance			or Paid		Rate		Balance			or Paid		Rate
Assets
Interest-earning assets
Loans held for sale	$	909,079		$	13,303	5.79	%	$	923,726		$	14,119	6.05	%
Loans held for investment, gross ^(2)		8,493,343			121,229	5.73	%		8,073,187			117,674	5.84	%
Investment securities - taxable		2,518,187			28,359	4.50	%		2,490,931			25,811	4.10	%
Investment securities - non-taxable ^(3)		408,648			4,205	4.12	%		360,557			3,891	4.27	%
Federal funds sold and securities purchased under agreements to resell		100,327			1,043	4.17	%		84,583			1,352	6.41	%
Interest-bearing deposits in other financial institutions		469,051			4,269	3.65	%		1,210,977			12,724	4.21	%
Securities borrowed		1,444,723			15,340	4.20	%		1,451,826			20,544	5.60	%
Other		130,037			2,145	6.62	%		127,638			1,871	5.88	%
Interest-earning assets, gross ^(3)		14,473,395			189,893	5.26	%		14,723,425			197,986	5.39	%
Allowance for credit losses		(88,746	)						(105,816	)
Interest-earning assets, net		14,384,649							14,617,609
Noninterest-earning assets		1,012,012							968,459
Total assets	$	15,396,661						$	15,586,068
Liabilities and Stockholders' Equity
Interest-bearing liabilities
Interest-bearing deposits	$	7,677,083		$	45,285	2.37	%	$	7,868,600		$	57,056	2.91	%
Securities loaned		1,437,483			13,774	3.84	%		1,440,958			17,662	4.92	%
Notes payable and other borrowings		1,231,998			14,136	4.60	%		955,618			11,789	4.95	%
Total interest-bearing liabilities		10,346,564			73,195	2.84	%		10,265,176			86,507	3.38	%
Noninterest-bearing liabilities
Noninterest-bearing deposits		2,703,479							2,775,448
Other liabilities		191,985							330,616
Total liabilities		13,242,028							13,371,240
Stockholders’ equity		2,125,000							2,187,108
Noncontrolling interest		29,633							27,720
Total liabilities and stockholders' equity	$	15,396,661						$	15,586,068
Net interest income ^(3)				$	116,698						$	111,479
Net interest spread ^(3)						2.42	%						2.01	%
Net interest margin ^(3)						3.23	%						3.04	%

_____________________
(1)	Information presented on a consolidated basis (dollars in thousands).
(2)	Average balance includes non-accrual loans.
(3)	Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively.

Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 24, 2026. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2026 financial results. Interested parties can access the conference call by dialing 833-461-5787 (Toll Free North America) or ([phone] (International Toll) and then using the conference ID 366946783. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website (http://ir.hilltop.com).

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At June 30, 2026, Hilltop employed approximately 3,600 people and operated 304 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated or implied in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our outlook, plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will,” “working” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of our data security controls in the face of cyber-attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment including potential impact of a prolonged elevated interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of our indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our banking, broker-dealer, and mortgage origination segments from other banks and financial institutions as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; (xiii) risks associated with merger and acquisition integration; and (xiv) our ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.