Hilltop Holdings Inc. Announces Quarterly Dividend Increase and New Stock Repurchase Program

Dallas, Texas – Hilltop Holdings Inc. (NYSE: HTH) has declared a quarterly cash dividend of $0.18 per common share, representing a 6% increase from the previous quarter. The dividend is payable on February 27, 2025, to stockholders of record as of the close of business on February 13, 2025.

Additionally, the Board of Directors has authorized a new stock repurchase program running through January 2026. Under this program, Hilltop is permitted to repurchase up to $100.0 million of its outstanding common stock through open market purchases or privately negotiated transactions, subject to Rule 10b-18 under the Securities Exchange Act of 1934. The decision regarding the repurchases will be influenced by market conditions and corporate considerations, as determined by the management team. Funding for any repurchases is expected to be sourced from available cash balances.

In a recent financial report released by Hilltop Holdings Inc., it was revealed that the company showed positive growth in the fourth quarter and full year of 2024. The quarterly results indicated an increase in net interest income, a reversal of credit losses, and growth in noninterest income within various segments of the company.

Addressing the financial performance, Jeremy B. Ford, President and CEO of Hilltop, remarked on the company’s adaptation to economic changes and highlighted improvements in various business segments. He emphasized the focus on protecting the balance sheet and strategic planning to enhance the company’s franchise value in the coming year.

Furthermore, the report detailed a series of financial highlights, including a $35.5 million income to common stockholders for the fourth quarter of 2024, compared to $28.7 million for the same period in 2023. The company’s full-year income to common stockholders for 2024 was $113.2 million, reflecting a positive trend from the $109.6 million reported in 2023.

Disclaimer: This news article is based on a Current Report on Form 8-K filed with the Securities and Exchange Commission. The information contained herein serves as a factual representation of the company’s official statements and financial data.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hilltop’s 8K filing here.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.