Hilltop Holdings Net Income Falls 10% to $37.8M in Q1 2026

Hilltop Holdings Inc., a financial services holding company, reported net income of $37.8 million for the three months ending March 31, 2026, down from $42.1 million in the prior-year quarter. Earnings per share held steady at $0.64, matching the $0.65 reported a year earlier despite fewer shares outstanding. Read more earnings reports.

The company's cash position deteriorated sharply during the quarter. Cash and restricted cash fell to $892.5 million as of March 31, 2026, down from $1.25 billion at the end of December 2025 and $1.79 billion a year earlier.

Operating cash flow swung negative to a consumption of $127.3 million for the first quarter of 2026, compared to cash generation of $5.8 million in the same period of 2025. Investing activities consumed an additional $127.4 million, while financing activities used $105.6 million in cash.

Interest and dividend income declined to $184.3 million from $192.8 million in the prior-year quarter. Labor and related expenses decreased to $169.0 million from $176.2 million a year earlier.

Total assets stood at $15.70 billion as of March 31, 2026, down from $15.84 billion at year-end 2025. Total liabilities decreased to $13.53 billion from $13.65 billion over the same period.

Stockholders' equity slipped to $2.14 billion from $2.17 billion at the end of December 2025. Common shares outstanding declined to 58.5 million from 59.5 million at year-end, reflecting the company's ongoing share repurchase activity.

The income tax expense for the quarter was $11.4 million, down from $13.1 million in the first quarter of 2025.

Key Financial Metrics

*As of December 31, 2025