HTH

MKT CAP:$2B

Hilltop Holdings Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$37.56+$3.66 (+10.80%)

Apr 22, 2026

Company Details

Hilltop Holdings Inc. provides business and consumer banking, and financial products and services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-...

CEO

Jeremy Blue Ford

IPO Date

Feb 19, 2004

Website

www.hilltop-holdings.com

Key Metrics TTM

Revenue

$1.3B

-21.7% YoY

Net Income

$134M

EPS (Diluted)

$2.02

Free Cash Flow

$366M

Revenue / Share

$21.89

Gross Margin

68.5%

Operating Margin

9.5%

Net Margin

10.3%

FCF Margin

28.2%

P/S

1.7x

P/E

16.3x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$184MEPS $0.64

FY 2025

Feb 13, 2026

$1.6BEPS $2.64

Q4 2025

Feb 13, 2026

$411MEPS $0.69

Q4 2023

Feb 14, 2024

$332MEPS $0.44

FY 2021

Feb 15, 2022

$1.9BEPS $4.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 16	$368M	$349M	$53M
Q1 17	$380M	$362M	$41M
Q2 17	$481M	$455M	$89M
Q3 17	$427M	$402M	$48M
Q1 18	$369M	$340M	$32M
Q4 23	$332M	$225M	$38M
Q4 25	$411M	$322M	$53M
Q1 26	$184M	$0	$0

Valuation

Quarter	P/S	P/E
Q4 16	—	—
Q1 17	—	—
Q2 17	—	—
Q3 17	1.5x	16.4x
Q1 18	1.3x	15.2x
Q4 23	1.4x	15.5x
Q4 25	1.4x	17.1x
Q1 26	1.6x	16.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 16	$57M	$46M
Q1 17	$349M	$344M
Q2 17	-$811M	-$819M
Q3 17	-$21M	-$27M
Q1 18	$185M	$181M
Q4 23	$263M	$261M
Q4 25	-$35M	-$49M

Capital Expenditures

Quarter	CapEx
Q4 16	$11M
Q1 17	$5M
Q2 17	$9M
Q3 17	$6M
Q1 18	$4M
Q4 23	$2M
Q4 25	$14M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+0.3%	+7.0%
Q4 23	-12.6%	-13.1%
Q4 25	-14.5%	-8.8%
Q1 26	-56.9%	-51.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 16	$0	0.0%
Q1 17	$3M	0.7%
Q2 17	$0	0.0%
Q3 17	$3M	0.7%
Q1 18	$2M	0.6%
Q4 23	$16M	4.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 16	$284M	$31M
Q1 17	$208M	—
Q2 17	$248M	—
Q3 17	$241M	—
Q1 18	$198M	—
Q4 23	$160M	—
Q4 25	$209M	—
Q1 26	$37M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.8B	$1.6B	$3.3B
Q3 22	$1.8B	$1.6B	$3.4B
Q4 22	$1.6B	$1.7B	$3.2B
Q1 23	$1.8B	$1.6B	$3.4B
Q2 23	$1.6B	$1.5B	$3.1B
Q3 23	$1.5B	$1.5B	$3.0B
Q4 23	$1.9B	$1.5B	$3.4B
Q1 24	$1.7B	$1.5B	$3.2B
Q2 24	$798M	$1.4B	$2.2B
Q3 24	$2.0B	$1.4B	$3.4B
Q4 24	$2.3B	$1.4B	$3.7B
Q1 25	$1.7B	$1.2B	$2.9B
Q2 25	$982M	$1.3B	$2.3B
Q3 25	$1.3B	$1.3B	$2.6B
Q4 25	$1.2B	$2.0B	$3.2B
Q1 26	$874M	$0	$874M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 16	99M	—	—
Q1 17	99M	-0.1%	—
Q2 17	98M	-0.3%	—
Q3 17	96M	-2.1%	—
Q1 18	96M	-0.2%	-2.7%
Q4 23	65M	-32.3%	-34.0%
Q4 25	60M	-7.1%	-38.5%
Q1 26	59M	-2.1%	-38.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 16	$391.0K	940
Q1 17	$403.9K	940
Q2 17	$511.7K	940
Q3 17	$454.7K	940
Q1 18	$307.1K	1K
Q4 23	$87.4K	4K
Q4 25	$117.5K	4K
Q1 26	$52.7K	4K

Revenue / Employee