Hilltop
Combines Texas banking with nationwide mortgage lending and broker-dealer services.
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Profile
Provides Texas-centered business and consumer banking through PlainsCapital Bank, nationwide residential mortgage lending through PrimeLending, and public-finance, fixed-income, wealth-management, brokerage, and clearing services through HilltopSecurities and Momentum. Revenue spans interest income, mortgage loan sales, and transaction or advisory fees.
Provides business and consumer banking through PlainsCapital Bank, residential mortgage lending through PrimeLending, and securities services through HilltopSecurities and Momentum Independent Network. Banking earns from loans and other interest-bearing assets alongside deposit and treasury services. Mortgage origination funds and sells home loans, while the broker-dealer unit generates fees from public finance, structured finance, fixed-income trading, wealth management, clearing, and securities lending.
Combines a Texas-centered banking franchise with nationwide mortgage and broker-dealer operations. This mix spans net interest income, mortgage sale gains, and transaction or advisory fees, requiring execution across different rate and market cycles. Banking is concentrated in Texas; mortgage production is weighted toward a limited group of states; and broker-dealer revenue is concentrated in Texas, New York, and California. Bank and mortgage activities face capital, lending, consumer-finance, and housing-market regulation, while securities subsidiaries operate under broker-dealer and investment-adviser rules.
Company facts
Categories
Key statistics
Year to date +13.5% · Average volume (30d) 234.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Piper Sandler | Reiterate | Neutral | $42 | ||
| Oct 27, 2025 | Stephens | Target | $34 | $36 | ||
| Apr 2, 2025 | Raymond James | Upgrade | Underperform | Mkt Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.49 | $0.63 | +28.6% | $306.2M | $315.8M | +3.1% | +3.00% |
| Apr 23, 2026Q1 FY26 | $0.54 | $0.64 | +18.5% | $304.9M | $300.5M | −1.4% | −3.45% |
| Jan 29, 2026Q4 FY25 | $0.46 | $0.69 | +50.0% | $301.5M | $329.9M | +9.4% | +1.77% |
| Oct 23, 2025Q3 FY25 | $0.51 | $0.74 | +46.5% | $310.6M | $330.2M | +6.3% | +4.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $406.1M | $389.8M | $418.1M | $411.2M | $372.7M | $389.0M | |
| Gross profit | $309.1M | $310.6M | $332.7M | $322.1M | $298.7M | $316.8M | |
| Operating income | $57.6M | $49.5M | $60.8M | $53.1M | $50.4M | $50.0M | |
| Net income | $42.1M | $36.1M | $45.8M | $41.6M | $37.8M | $36.5M | |
| Diluted EPS | $0.65 | $0.57 | $0.74 | $0.69 | $0.64 | $0.63 | |
| Gross margin | 76.1% | 79.7% | 79.6% | 78.3% | 80.2% | 81.4% | |
| Operating margin | 14.2% | 12.7% | 14.5% | 12.9% | 13.5% | 12.9% |
Fiscal years (4-quarter sums)FY21 $1.85B · FY22 $1.35B · FY23 $1.50B · FY24 $1.54B · FY25 $1.63B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.73B · Total debt $1.58B · Total assets $16.00B · Shareholders' equity $2.13B
Dividends
Raised for 9 straight years — most recently to $0.22 from $0.20 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 21 | $0.22 | raised from $0.20 |
| May 8, 2026 | May 8 | May 22 | $0.20 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.20 | raised from $0.18 |
| Nov 7, 2025 | Nov 7 | Nov 21 | $0.18 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.18 | |
| May 8, 2025 | May 8 | May 22 | $0.18 | |
| Feb 13, 2025 | Feb 13 | Feb 27 | $0.18 | raised from $0.17 |
| Nov 8, 2024 | Nov 8 | Nov 22 | $0.17 |
Ownership
Shares outstanding 57.29M · Float 38.58M · 67.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.61M | 11.53% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.62M | 4.57% | 13F | Aug 11, 2026 |
| State Street Corp | 2.55M | 4.45% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.47M | 4.31% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.75M | 3.05% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Rhodes R. Bobbitt | director | −5,000 | $38.80 |
| Aug 21, 2026 | Rhodes R. Bobbitt | director | −5,000 | $38.80 |
| Aug 14, 2026 | Rhodes R. Bobbitt | director | −10,000 | $39.80 |
| Aug 13, 2026 | Rhodes R. Bobbitt | director | −10,000 | $39.50 |
| Aug 5, 2026 | Rhodes R. Bobbitt | director | −455 | $40.25 |
Peers
- Stifel Financial
Nation's #1 muni bond underwriter by negotiated-deal count, 11 years running
- Piper Sandler
Mid-market investment bank with a top-ranked municipal underwriting franchise
- Cullen/Frost Bankers
Texas-only bank anchoring commercial deposits and treasury services statewide
- Prosperity Bancshares
Texas-focused regional bank with $39.6B assets and 283 branches statewide
- Oppenheimer
Mid-tier independent broker-dealer with public finance and wealth management
- Texas Capital
Dallas-based commercial bank targeting Texas middle-market businesses
- Rocket Companies
Largest US direct-to-consumer mortgage originator; $101B closed volume in 2024
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hilltop | $38.50 | +0.08% | $2.21B | 14.3 | 16.6 | 1.4 | +4.1% |
| Stifel Financial | $81.29 | +0.04% | $12.32B | 9.6 | 11.6 | 1.8 | −1.4% |
| Piper Sandler | $75.61 | +0.11% | $5.10B | 17.5 | 15.2 | 2.4 | +25.8% |
| Cullen/Frost Bankers | $161.69 | −0.01% | $10.05B | 15.3 | 14.3 | 3.8 | +9.4% |
| Prosperity Bancshares | $72.30 | +0.01% | $8.69B | 12.5 | 10.8 | 4.9 | +25.9% |
| Oppenheimer | $119.01 | −0.21% | $1.26B | 13.4 | — | 0.7 | +21.9% |
| Texas Capital | $98.87 | +0.22% | $4.29B | 12.9 | 12.9 | 2.2 | +9.1% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Median | 13.4 | 13.6 | 2.4 | +21.9% |