Hilltop Holdings Inc. (HTH) Stock

Hilltop Holdings Inc. (HTH) is a Financials stock trading at $38.62 (as of 2026-08-20), with a market capitalization of $2.21B and a trailing P/E of 13.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hilltop Holdings Inc. operates in banking and related financial services through the Banking, Broker-Dealer, and Mortgage Origination segments. Its Banking activities include deposit products, lending, treasury and wealth services, and related account and administrative services, while the Broker-Dealer segment supports public finance securities and other advisory/investment banking for public entities and related participants.

Understand Hilltop Holdings Inc.: how it makes money

Hilltop Holdings provides business and consumer banking, broker-dealer financial products and services, and mortgage origination, earning money through banking spread and credit performance (net interest income and loan activity), broker-dealer net revenues, and mortgage loan production.

Profitability is primarily shaped by net interest income, which depends on deposit costs versus what the bank earns on its earning assets, and it can be pressured by credit issues (non-accruals and net charge-offs), while results also swing with mortgage origination volumes and broker-dealer net revenues.

Business quality (Solid): Good signals, including a strong reported operating margin, but investor visibility into segment revenue is limited in the provided facts, so key sensitivities to net interest income, credit quality, and mortgage production matter most.

Valuation: At 14× earnings, HTH trades 14% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Reported Hilltop Holdings operating margin was 27.4% (latest quarter provided): Operating profitability appears strong in the period reported.
Hilltop Holdings Net Interest Income was 0.11 USD_B: A key operating driver is contributing material net interest income, which supports earnings power if deposit costs and credit quality remain manageable.
Loan Origination Volume was 2.4 USD_B: Mortgage production volume can support revenue generation through the companys mortgage origination business.

Bear case

Non-Accrual Assets were 0.09 USD_B, and Non-Accrual Loans were 0.05 USD_B: A meaningful portion of assets is in non-accrual status, which can indicate credit stress and reduce interest income.
Net Charge-Offs as a Percentage of Loan Portfolio were 15.0% (ratio): High charge-offs can pressure future earnings through continued credit losses.
Average Interest-Bearing Deposit Cost was 0.21 percent: Higher deposit costs can compress net interest income if asset yields do not move similarly.

Valuation — source: SEC EDGAR (first-party)
Price	$38.62
Market Cap	$2.21B
P/E Ratio	13.7
EV / EBITDA	11.8
Price / Book	1.03
Price / Sales	2.88
FCF Yield	-5.5%
DCF Value (model)	$36.91
DCF Upside vs Price	-4.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$784.05M
Net Margin	21.1%
Revenue Growth (YoY)	-4.1%
EPS Growth (YoY)	10.5%
FCF Growth (YoY)	-30.6%

Valuation vs Sector & Industry
Stock P/E	13.7
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-9.7%
vs Industry	5.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($236.87M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Financials
Industry	Banking
CEO	Jeremy Blue Ford
Employees	3,616
Country	US
IPO Date	2004-02-19

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.