Hilltop Holdings exceeded Wall Street expectations in its second quarter, driven by robust loan pipeline execution and net interest margin expansion at PlainsCapital Bank. Revenue rose 7.5% year-on-year to $316.7 million, beating analyst estimates of $306.2 million, while adjusted earnings per share of $0.63 surpassed the $0.49 consensus. CEO Jeremy Blue Ford highlighted the bank's strong loan pipeline and pull-through rate, and CFO William Furr noted new loan yields in the 6.5% to 7.0% range despite competitive pricing pressures. The broker-dealer segment saw improved results from structured finance and wealth management, though the mortgage business continued to face headwinds. Management expects the loan-to-deposit ratio to normalize around 85% and is prioritizing organic growth while balancing share repurchases and potential M&A.
Hilltop Holdings IncHilltop Holdings beat Q2 estimates with revenue and EPS above consensus, driven by loan pipeline and margin growth.