The sharp EPS miss and deteriorating mortgage segment performance suggest continued headwinds from rising rates. Monitor the Q4 2026 earnings call for guidance on credit quality trends and mortgage origination pipeline recovery.
Price Chart
Executive Summary
Hilltop Holdings reported Q3 2026 EPS of $0.44, a 40.5% decline from $0.74 a year ago and a 31.25% miss vs consensus of $0.64. Net income attributable to common stockholders fell to $24.9M from $45.8M in Q3 2025, driven by a $10.2M provision for credit losses (vs a $2.5M reversal a year ago), a 14.1% drop in noninterest income, and a $10.8M pre-tax loss at PrimeLending due to rising mortgage rates. The dividend was increased to $0.22/share, but the sharp earnings miss and deteriorating mortgage origination outlook make this a bearish report.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.44 missed consensus of $0.64 by 31.25%
- Net income attributable to common stockholders fell 45.6% YoY to $24.9M
- Provision for credit losses swung to a $10.2M charge from a $2.5M reversal in Q3 2025
- Noninterest income declined 14.1% YoY to $187.1M
- PrimeLending mortgage origination segment reported a $10.8M pre-tax loss
- Net gains from mortgage loan sales fell to 201 bps from 234 bps a year ago
- Dividend increased to $0.22/share from $0.18 in Q3 2025
- Book value per share declined to $36.99 from $37.12 at June 30, 2026
- Return on average assets dropped to 0.67% from 1.20% in Q3 2025
- Net interest margin expanded to 3.33% from 3.06% a year ago
Financial Impact
EPS miss of $0.20 vs consensus (-31.25%); net income decline of $20.9M YoY
Risk Factors
- Further mortgage origination volume declines if rates remain elevated
- Credit quality deterioration requiring additional provisions
- Broker-dealer revenue sensitivity to interest rate volatility
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-118167 |
| Document: hth-20261022x8k.htm | 0001104659-26-118167 |
| Document: 0001104659-26-118167-index-headers.html | 0001104659-26-118167 |
| Document: 0001104659-26-118167-index.html | 0001104659-26-118167 |
| Document: 0001104659-26-118167.txt | 0001104659-26-118167 |
| 8-K Data (Synthetic) | 0001104659-26-118167 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $37.28 | awaiting T+1 | — | $36.36 (+2.47%) |
Oct 22, 2026 3d ago | 8-K | $37.28 | awaiting T+1 | — | $36.36 (+2.47%) |
Oct 16, 2026 9d ago | SC 13D/A | $36.26 $36.71 | ▼ −1.24% | ▼ −0.91% | $36.36 (−0.28%) |
Oct 1, 2026 24d ago | SC 13D/A | $38.45 $38.15 | ▼ −0.78% | ▼ −1.45% | $36.36 (−5.44%) |
Aug 12, 2026 10w ago | Institutional Cluster | $39.36 $39.79 | ▼ −1.09% | ▼ −0.39% | $36.36 (+7.62%) |
Jun 29, 2026 17w ago | Court Ruling | $38.78 $39.37 | ▲ +1.52% | ▲ +1.66% | $36.36 (−6.24%) |
Apr 30, 2026 25w ago | DEFA14A | $37.83 $37.20 | ▼ −1.66% | ▼ −1.32% | $36.36 (−3.89%) |
Apr 23, 2026 26w ago | 8-K | $36.46 $36.80 | ▲ +0.94% | ▲ +0.77% | $36.36 (−0.27%) |
US Market Status
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