Hilltop Holdings reports Q1 EPS 65c, consensus 27c

Reports Q1 net interest margin 2.84% vs. 2.72% in 4Q24. Book value per common share increased to $34.29 at March 31, 2025, compared to $33.71 at December 31, 2024. Tier 1 leverage ratio was 12.86% and common equity tier 1 capital ratio was 21.29% at March 31. CEO Jeremy Ford said, “Hilltop delivered strong consolidated financial results during Q1, supported by a gain from our merchant banking business, despite a challenging operating environment. At PlainsCapital Bank, net interest income and net interest margin remained resilient, however the Bank’s pre-tax income was negatively impacted by a $9.4M provision for credit losses. Further, a challenging home buying environment continued to pressure PrimeLending’s operating results during the seasonally slow first quarter. HilltopSecurities faced headwinds within its Fixed Income Services line of business which contributed to a pre-tax margin of 8.5% at the broker-dealer.”