Hilltop Holdings (HTH) Weak Asset Quality, Mortgage Volume Hurt Fri, May 10, 2024, 5:40 PM GMT+2 2 min read 0 In this article: Banking Stocks to Consider Advertisement Up next Warren Buffe...
Hilltop Holdings Inc. (HTH)
Last hilltop holdings inc. earnings: 4/30 05:15 pm
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hilltop-holdings.com
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Source: Acquire Media Monitor
Nonetheless, a sound balance sheet, high rates and restructuring initiatives offer support to some extent. HTH's deteriorating asset quality is a concern. The company witnessed a provision benefit in the first quarter of 2024 after a significant rise in provision for credit losses in 2023 and 2022. Amid the ongoing tough economic backdrop, provisions are anticipated to remain elevated in the near term. While we estimate provisions to dip this year, the metric is expected to witness a year-over-year jump of 149.4% in 2025. Moreover, the weak performance of Hilltop Holdings' Mortgage Origination segment is another headwind. Mortgage volumes decreased 1.3% in 2021, 44.2% in 2022 and 34.9% in 2023. The downtrend continued in the first quarter of 2024 as well. PrimeLending took several measures to tackle lower loan volumes and drags on profitability, including headcount reduction, branch consolidations and adjusting targeted fixed costs. High mortgage rates will continue to put press
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HTH
News
- PrimeLending Opens New Dallas-Area Production Hub!Business Wire
- HilltopSecurities Continues Public Finance Expansion with Recent Hires [Yahoo! Finance]Yahoo! Finance
- HilltopSecurities Continues Public Finance Expansion with Recent HiresBusiness Wire
- Hilltop Holdings (NYSE:HTH) Could Be A Buy For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Le'ann Ardoyno Named 2024 HousingWire Rising Star! [Yahoo! Finance]Yahoo! Finance
HTH
Earnings
- 4/18/24 - Beat
HTH
Analyst Actions
- 3/14/24 - TheStreet
HTH
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/3/24 - Form 8-K
- 4/29/24 - Form DEFA14A
- HTH's page on the SEC website