Hilltop Holdings Inc. reported its financial results for the third quarter of 2026, revealing a net income of $26.3 million, or $0.44 per diluted share, a decline from $46.7 million, or $0.74 per diluted share, in the same period last year. For the nine months ending September 30, 2026, the company recorded a net income of $103.3 million, down from $129.1 million in the prior year. Total revenue for the quarter was $309.5 million, a decrease of 9% compared to $330.2 million in the third quarter of 2025, primarily driven by a reduction in noninterest income.
The company's total assets increased to $16.2 billion as of September 30, 2026, compared to $15.8 billion at the end of 2025. Loans held for investment rose to $8.8 billion, up from $8.3 billion, while total deposits also increased to $11.0 billion from $10.9 billion. The allowance for credit losses stood at $93.9 million, reflecting a provision for credit losses of $10.2 million during the quarter, compared to a reversal of $2.5 million in the same quarter last year. This increase was attributed to changes in loan mix and risk rating grade migration.
Strategically, Hilltop Holdings has been active in managing its capital structure, having repurchased approximately 3 million shares for $114.5 million under its stock repurchase program, which has been expanded to $200 million. The company declared a quarterly cash dividend of $0.22 per share, payable on November 21, 2026. The mortgage origination segment, however, faced challenges, reporting a loss before income taxes of $10.8 million for the quarter, attributed to decreased loan origination volumes and lower margins amid rising interest rates.
Looking ahead, Hilltop Holdings anticipates continued economic uncertainty, which may impact its financial performance. The company is closely monitoring macroeconomic conditions, including inflation and interest rate fluctuations, which could affect its loan portfolio and overall profitability. Management remains focused on maintaining liquidity and capital adequacy while navigating these challenges.
About Hilltop Holdings Inc.
Hilltop Holdings Inc. is a diversified Texas-based financial holding company offering banking, broker-dealer, and mortgage origination services. Its primary operations include retail and commercial banking, investment banking, and residential mortgage lending across the U.S. The company emphasizes personalized customer service, organic growth, and strategic acquisitions, supported by strong capital positions and extensive regulatory compliance within the financial services industry.
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