Stable Net Interest Income
Hilltop Holdings Inc. was able to maintain stable net interest income despite a modest compression in the overall balance of earning assets, with a reported net interest income of $105 million, a 1.4% increase from the prior year.
Increase in Public Finance Services Revenues
Hilltop Securities' Public Finance Services produced a 34% year-over-year increase in net revenues, driven by an 11% increase in offerings.
Merchant Bank Investment Gain
Hilltop Holdings Inc. reported a preliminary gain of $23.6 million from the sale of its investment in Mosier Energy Solutions, positively impacting net income by $0.37 per diluted share.
Strong Capital Position
The company maintains a strong capital position with a common equity tier one capital ratio of 21% and an increase in tangible book value per share by $0.53 to $30 per share.
Increase in Core Deposits
Average core deposits at PlainsCapital Bank increased by nearly $300 million year-over-year, demonstrating strong customer retention.