Hilltop (HTH) investor relations material

Executive summary

• Q3 2026 income attributable to common stockholders was $24.9 million, or $0.44 per diluted share, versus $45.8 million and $0.74 a year earlier; ROAA was 0.67%.

• Higher net interest income and bank growth were offset by lower noninterest income, higher credit provision, and weaker mortgage and broker-dealer results.

Financial highlights

• Net interest income was $122.4 million versus $112.4 million; provision for credit losses was $10.2 million versus a $2.5 million reversal in Q3 2025.

• Noninterest income was $187.1 million, down 14.1% YoY; noninterest expense was $264.1 million, down 2.9%.

• Pretax income was $35.2 million versus $60.8 million; net income was $26.3 million versus $46.7 million.

• Period-end loans held for investment, net, were $8.713 billion, up 7% YoY; deposits were $11.035 billion, up 3%.

Outlook and guidance

• FY 2026 average bank loans, excluding retained mortgages and mortgage warehouse lending, are expected to grow 7%–8%; average bank deposits excluding broker-dealer sweeps are expected to grow 0%–2%.

• Net interest income is expected to rise 5%–6%, assuming one Fed Funds rate increase in December 2026.

• Mortgage origination volume is forecast at $8–$9 billion, market dependent; broker-dealer fees are expected to decline 3%–4%.

• Non-variable expenses are expected to decline 1%–2%; full-year provision/average HFI loans is expected at 10–25 bps, market dependent.

• Higher mortgage rates and seasonal home-purchase activity are expected to reduce Q4 loan production; economic headwinds may pressure results through year-end.