Hilltop Holdings Inc.
HTH NYSE State Commercial Banks Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$1.3B
7.8%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
82.2%
4.8 pts
Net income
Profit after all expenses, interest and tax.
$166M
46.3%
Return on equity
Net income as a share of average shareholders' equity.
7.6%
2.3 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.40 EPS (TTM)
What Hilltop Holdings Inc. does
No business description yet.
- Legal name
- Hilltop Holdings Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 13, 2026
- Accession · CIK
- 0001104659-26-015264
0001265131
Revenue and margins
Hilltop Holdings Inc. had $1.3B of revenue in fiscal 2025, up 7.8% on the year before.
FY16
Revenue $1.7B
FY17
Revenue $1.6B
FY18
Revenue $1.3B
FY19
Revenue $1.5B
FY20
Revenue $2.1B
FY21
Revenue $1.8B
FY22
Revenue $1.3B
FY23
Revenue $1.2B
FY24
Revenue $1.2B
FY25
Revenue $1.3B
Q4 '23
Revenue $290M
Q1 '24
Revenue $285M
Q2 '24
Revenue $297M
Q3 '24
Revenue $305M
Q4 '24
Revenue $301M
Q1 '25
Revenue $318M
Q2 '25
Revenue $303M
Q3 '25
Revenue $330M
Q4 '25
Revenue $330M
Q1 '26
Revenue $301M
Q2 '26
Revenue $316M
Q3 '26
Revenue $310M
FY16
Net interest share 23.6%
Efficiency ratio 83.9%
FY17
Net interest share 25.9%
Efficiency ratio 84.2%
FY18
Net interest share 33.0%
Efficiency ratio 87.8%
FY19
Net interest share 29.2%
Efficiency ratio 80.7%
FY20
Net interest share 20.1%
Efficiency ratio 68.7%
FY21
Net interest share 23.1%
Efficiency ratio 75.7%
FY22
Net interest share 35.5%
Efficiency ratio 87.3%
FY23
Net interest share 39.0%
Efficiency ratio 86.0%
FY24
Net interest share 35.1%
Efficiency ratio 86.9%
FY25
Net interest share 34.4%
Efficiency ratio 82.2%
Net interest share
Efficiency ratio
Q4 '23
Net interest share 38.3%
Efficiency ratio 86.4%
Q1 '24
Net interest share 36.3%
Efficiency ratio 87.7%
Q2 '24
Net interest share 34.9%
Efficiency ratio 86.4%
Q3 '24
Net interest share 34.4%
Efficiency ratio 86.5%
Q4 '24
Net interest share 35.0%
Efficiency ratio 87.3%
Q1 '25
Net interest share 33.0%
Efficiency ratio 79.0%
Q2 '25
Net interest share 36.5%
Efficiency ratio 86.1%
Q3 '25
Net interest share 34.0%
Efficiency ratio 82.3%
Q4 '25
Net interest share 34.1%
Efficiency ratio 81.5%
Q1 '26
Net interest share 37.3%
Efficiency ratio 82.6%
Q2 '26
Net interest share 36.7%
Efficiency ratio 84.5%
Q3 '26
Net interest share 39.5%
Efficiency ratio 85.3%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 6.6% a year. Loss periods are shown in red.
FY16
Net income $146M
FY17
Net income $133M
FY18
Net income $121M
FY19
Net income $225M
FY20
Net income $448M
FY21
Net income $374M
FY22
Net income $113M
FY23
Net income $110M
FY24
Net income $113M
FY25
Net income $166M
Q4 '23
Net income $28.7M
Q1 '24
Net income $27.7M
Q2 '24
Net income $20.3M
Q3 '24
Net income $29.7M
Q4 '24
Net income $35.5M
Q1 '25
Net income $42.1M
Q2 '25
Net income $36.1M
Q3 '25
Net income $45.8M
Q4 '25
Net income $41.6M
Q1 '26
Net income $37.8M
Q2 '26
Net income $36.5M
Q3 '26
Net income $24.9M
FY16
Diluted EPS $1.48
FY17
Diluted EPS $1.36
FY18
Diluted EPS $1.28
FY19
Diluted EPS $2.44
FY20
Diluted EPS $5.01
FY21
Diluted EPS $4.61
FY22
Diluted EPS $1.60
FY23
Diluted EPS $1.69
FY24
Diluted EPS $1.74
FY25
Diluted EPS $2.64
Q4 '23
Diluted EPS $0.44
Q1 '24
Diluted EPS $0.42
Q2 '24
Diluted EPS $0.31
Q3 '24
Diluted EPS $0.46
Q4 '24
Diluted EPS $0.55
Q1 '25
Diluted EPS $0.65
Q2 '25
Diluted EPS $0.57
Q3 '25
Diluted EPS $0.74
Q4 '25
Diluted EPS $0.69
Q1 '26
Diluted EPS $0.64
Q2 '26
Diluted EPS $0.63
Q3 '26
Diluted EPS $0.44
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 7.8%
ROTE 9.3%
Efficiency ratio 83.9%
FY17
ROE 7.0%
ROTE 8.2%
Efficiency ratio 84.2%
FY18
ROE 6.3%
ROTE 7.5%
Efficiency ratio 87.8%
FY19
ROE 11.1%
ROTE 12.5%
Efficiency ratio 80.7%
FY20
ROE 20.2%
ROTE 22.0%
Efficiency ratio 68.7%
FY21
ROE 15.5%
ROTE 16.7%
Efficiency ratio 75.7%
FY22
ROE 5.0%
ROTE 6.4%
Efficiency ratio 87.3%
FY23
ROE 5.3%
ROTE 5.9%
Efficiency ratio 86.0%
FY24
ROE 5.2%
ROTE 5.9%
Efficiency ratio 86.9%
FY25
ROE 7.6%
ROTE 8.7%
Efficiency ratio 82.2%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Hilltop Holdings Inc. returned $229M to shareholders in fiscal 2025. The diluted share count fell 3.6%.
FY16
Dividends $5.8M
Buybacks —
FY17
Dividends $23.1M
Buybacks $27.4M
FY18
Dividends $26.7M
Buybacks $59.0M
FY19
Dividends $29.6M
Buybacks $73.4M
FY20
Dividends $32.5M
Buybacks $209M
FY21
Dividends $39.0M
Buybacks $124M
FY22
Dividends $43.0M
Buybacks $442M
FY23
Dividends $41.6M
Buybacks $5.1M
FY24
Dividends $44.3M
Buybacks $19.9M
FY25
Dividends $45.4M
Buybacks $184M
Dividends
Buybacks
Q4 '23
Dividends $10.4M
Buybacks $0.6M
Q1 '24
Dividends $11.1M
Buybacks $9.9M
Q2 '24
Dividends $11.1M
Buybacks $9.9M
Q3 '24
Dividends $11.0M
Buybacks $0.0M
Q4 '24
Dividends $11.0M
Buybacks $0.0M
Q1 '25
Dividends $11.6M
Buybacks $33.3M
Q2 '25
Dividends $11.5M
Buybacks $34.9M
Q3 '25
Dividends $11.2M
Buybacks $55.1M
Q4 '25
Dividends $11.0M
Buybacks $60.8M
Q1 '26
Dividends $11.8M
Buybacks $47.5M
Q2 '26
Dividends $11.6M
Buybacks $47.0M
Q3 '26
Dividends $12.6M
Buybacks $20.0M
Dividends
Buybacks
FY16
Diluted shares 0.10B
FY17
Diluted shares 0.10B
FY18
Diluted shares 0.10B
FY19
Diluted shares 0.09B
FY20
Diluted shares 0.09B
FY21
Diluted shares 0.08B
FY22
Diluted shares 0.07B
FY23
Diluted shares 0.07B
FY24
Diluted shares 0.07B
FY25
Diluted shares 0.06B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $5.8B
Deposits $7.1B
FY17
Loans $6.2B
Deposits $8.0B
FY18
Loans —
Deposits $8.5B
FY19
Loans $7.3B
Deposits $9.0B
FY20
Loans $7.5B
Deposits $11.2B
FY21
Loans $7.8B
Deposits $12.8B
FY22
Loans —
Deposits $11.3B
FY23
Loans —
Deposits $11.1B
FY24
Loans —
Deposits $11.1B
FY25
Loans —
Deposits $10.9B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $7.8B | — | — | — | — |
| Deposits | $12.8B | $11.3B | $11.1B | $11.1B | $10.9B |
| Loans / deposits | 60.8% | — | — | — | — |
| Total assets | $18.7B | $16.3B | $16.5B | $16.3B | $15.8B |
| Shareholders' equity | $2.5B | $2.0B | $2.1B | $2.2B | $2.2B |
| Goodwill | $267M | $267M | $267M | $267M | $267M |
| Intangible assets | $15.3M | $11.3M | $8.5M | $6.6M | $5.6M |
| Provision / loans | −0.7% | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.7B | $1.6B | $1.3B | $1.5B | $2.1B | $1.8B | $1.3B | $1.2B | $1.2B | $1.3B |
| Net interest income | $398M | $422M | $433M | $439M | $424M | $423M | $459M | $467M | $418M | $441M |
| Noninterest income | $1.3B | $1.2B | $880M | $1.1B | $1.7B | $1.4B | $832M | $729M | $771M | $841M |
| Noninterest expense | $1.4B | $1.4B | $1.2B | $1.2B | $1.5B | $1.4B | $1.1B | $1.0B | $1.0B | $1.1B |
| Provision for credit losses | $40.6M | $14.3M | $5.1M | $7.2M | $96.5M | −$58.2M | — | — | — | — |
| Interest expense | $58.4M | $85.4M | $141M | $172M | $122M | $107M | $132M | $372M | — | — |
| Pretax income | $231M | $243M | $155M | $283M | $564M | $504M | $156M | $149M | $154M | $221M |
| Income tax | $83.5M | $110M | $34.2M | $63.7M | $133M | $118M | $36.8M | $31.1M | $31.0M | $49.0M |
| Net income | $146M | $133M | $121M | $225M | $448M | $374M | $113M | $110M | $113M | $166M |
| Net income to common | $146M | $133M | $121M | — | — | — | — | — | — | — |
| Diluted EPS | $1.48 | $1.36 | $1.28 | $2.44 | $5.01 | $4.61 | $1.60 | $1.69 | $1.74 | $2.64 |
| Diluted shares | 0.10B | 0.10B | 0.10B | 0.09B | 0.09B | 0.08B | 0.07B | 0.07B | 0.07B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | −$161M | −$321M | $390M | −$433M | $280M | $766M | $1.2B | $443M | $274M | −$38.7M |
| Capital expenditure | $41.9M | $31.2M | $67.7M | $42.3M | $37.7M | $24.8M | $9.8M | $8.5M | $7.1M | $16.8M |
| Free cash flow | −$203M | −$352M | $322M | −$475M | $243M | $741M | $1.2B | $435M | $267M | −$55.5M |
| Depreciation and amortization | −$49.8M | −$13.9M | $30.8M | $27.3M | $27.9M | $28.4M | $26.8M | $23.3M | $22.7M | $18.1M |
| Stock-based compensation | $10.5M | — | $9.1M | $11.8M | $14.6M | $17.5M | $15.6M | $15.5M | $10.7M | — |
| Acquisitions | — | — | $63.2M | — | — | — | — | — | — | — |
| Share buybacks | — | $27.4M | $59.0M | $73.4M | $209M | $124M | $442M | $5.1M | $19.9M | $184M |
| Dividends paid | $5.8M | $23.1M | $26.7M | $29.6M | $32.5M | $39.0M | $43.0M | $41.6M | $44.3M | $45.4M |
| Dividends and buybacks | $5.8M | $50.5M | $85.7M | $103M | $241M | $163M | $485M | $46.7M | $64.1M | $229M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $691M | $487M | $778M | $643M | $45.2M | $3.0B | $1.6B | $1.9B | $2.4B | $1.3B |
| Total debt | $1.7B | $1.4B | $1.3B | $1.4B | $696M | $859M | $970M | $900M | $834M | $677M |
| Finance lease liabilities | — | — | $8.4M | $5.5M | $4.9M | $4.2M | $3.4M | $2.5M | $1.7M | $1.1M |
| Loans, net | $5.8B | $6.2B | — | $7.3B | $7.5B | $7.8B | — | — | — | — |
| Deposits | $7.1B | $8.0B | $8.5B | $9.0B | $11.2B | $12.8B | $11.3B | $11.1B | $11.1B | $10.9B |
| Property and equipment, net | $190M | $178M | $237M | $210M | — | — | — | — | — | — |
| Goodwill | $252M | $252M | $291M | $267M | $267M | $267M | $267M | $267M | $267M | $267M |
| Intangible assets | $44.7M | $36.4M | $38.0M | $26.7M | $20.4M | $15.3M | $11.3M | $8.5M | $6.6M | $5.6M |
| Total assets | $12.7B | $13.4B | $13.7B | $15.2B | $16.9B | $18.7B | $16.3B | $16.5B | $16.3B | $15.8B |
| Total liabilities | $10.9B | $11.5B | $11.7B | $13.0B | $14.6B | $16.1B | $14.2B | $14.3B | $14.0B | $13.6B |
| Shareholders' equity | $1.9B | $1.9B | $1.9B | $2.1B | $2.3B | $2.5B | $2.0B | $2.1B | $2.2B | $2.2B |
| Margins | ||||||||||
| Net margin | 8.7% | 8.1% | 9.2% | 15.0% | 21.2% | 20.4% | 8.8% | 9.2% | 9.5% | 12.9% |
| FCF margin | −12.0% | −21.6% | 24.5% | −31.6% | 11.5% | 40.4% | 91.3% | 36.3% | 22.4% | −4.3% |
| Net interest share of revenue | 23.6% | 25.9% | 33.0% | 29.2% | 20.1% | 23.1% | 35.5% | 39.0% | 35.1% | 34.4% |
| Efficiency ratio | 83.9% | 84.2% | 87.8% | 80.7% | 68.7% | 75.7% | 87.3% | 86.0% | 86.9% | 82.2% |
| Returns | ||||||||||
| Return on equity | 7.8% | 7.0% | 6.3% | 11.1% | 20.2% | 15.5% | 5.0% | 5.3% | 5.2% | 7.6% |
| Return on assets | 1.1% | 1.0% | 0.9% | 1.6% | 2.8% | 2.1% | 0.6% | 0.7% | 0.7% | 1.0% |
| Return on tangible equity | 9.3% | 8.2% | 7.5% | 12.5% | 22.0% | 16.7% | 6.4% | 5.9% | 5.9% | 8.7% |
| Growth | ||||||||||
| Revenue growth | — | −3.4% | −19.3% | 14.3% | 40.8% | −13.3% | −29.6% | −7.4% | −0.6% | 7.8% |
| Net income growth | — | −9.2% | −8.4% | 85.5% | 98.8% | −16.4% | −69.8% | −3.1% | 3.3% | 46.3% |
| EPS growth | — | −8.1% | −5.9% | 90.6% | 105.3% | −8.0% | −65.3% | 5.6% | 3.0% | 51.7% |
| FCF growth | — | — | — | −247.7% | — | 205.3% | 59.2% | −63.2% | −38.6% | −120.8% |
| Share count change | — | −1.3% | −2.3% | −2.8% | −3.3% | −9.1% | −13.0% | −7.9% | 0.0% | −3.6% |
| Financial health | ||||||||||
| Debt / equity | 0.9x | 0.7x | 0.7x | 0.7x | 0.3x | 0.3x | 0.5x | 0.4x | 0.4x | 0.3x |
| Loans / deposits | 82.0% | 77.9% | — | 81.0% | 67.1% | 60.8% | — | — | — | — |
| Provision / loans | 0.7% | 0.2% | — | 0.1% | 1.3% | −0.7% | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 2.5% | 1.9% | 5.2% | 2.8% | 1.8% | 1.4% | 0.8% | 0.7% | 0.6% | 1.3% |
| Stock comp / revenue | 0.6% | — | 0.7% | 0.8% | 0.7% | 1.0% | 1.2% | 1.3% | 0.9% | — |
| Payouts / FCF | — | — | 26.6% | — | 99.4% | 21.9% | 41.1% | 10.7% | 24.0% | — |
| Quality scores | ||||||||||
| Piotroski F-score | — | 3.0 | 5.0 | 5.0 | 6.0 | 4.0 | 4.0 | 5.0 | 6.0 | 5.0 |
| Accruals ratio | 2.4% | 3.5% | −2.0% | 4.6% | 1.0% | −2.2% | −6.2% | −2.0% | −1.0% | 1.3% |
Source: SEC EDGAR XBRL filings (CIK 0001265131). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.