Exhibit 99.1

	Investor Relations Contact:
	Matt Dunn
	214-525-4636
	mdunn@hilltop.com

Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2025

DALLAS — (BUSINESS WIRE) July 24, 2025 — Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2025. Hilltop produced income to common stockholders of $36.1 million, or $0.57 per diluted share, for the second quarter of 2025, compared to $20.3 million, or $0.31 per diluted share, for the second quarter of 2024. Hilltop’s financial results for the second quarter, compared with the same period in 2024, primarily included a reversal of credit losses and an increase in net interest income within the banking segment, net revenues and noninterest expenses increased within the broker-dealer segment, and the mortgage origination segment had declines in net interest expense, noninterest income and noninterest expense.

Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.18 per common share payable on August 29, 2025, to all common stockholders of record as of the close of business on August 15, 2025. Additionally, during the second quarter of 2025, Hilltop paid $34.9 million to repurchase an aggregate of 1,157,396 shares of its common stock at an average price of $30.17 per share pursuant to the 2025 stock repurchase program. These shares were returned to the pool of authorized but unissued shares of common stock.

Furthermore, in July 2025, the Hilltop Board of Directors authorized, subject to non-objection from the Board of Governors of the Federal Reserve, an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $135.0 million, an increase of $35.0 million. As a result of share repurchases during 2025, Hilltop has approximately $67 million of available share repurchase capacity, subject to non-objection with respect to the additional $35.0 million, through the expiration of the 2025 stock repurchase program in January 2026.

The extent of the impact of uncertain economic conditions on our financial performance during the remainder of 2025 will depend in part on developments outside of our control, including, among others, the timing and significance of further changes in U.S. Treasury yields and mortgage interest rates, changes in funding costs, inflationary pressures, changes in the political environment, the impact of tariffs and reciprocal tariffs, and international armed conflicts and their impact on supply chains.

Jeremy B. Ford, Chairman, President and CEO of Hilltop, said, “During the second quarter of 2025, Hilltop delivered a 1% return on average assets and returned $47 million to stockholders through dividends and share repurchases. PlainsCapital Bank’s net interest margin expanded by 19 basis points as we continued to proactively manage deposit costs and benefited from a higher repricing of earning assets. HilltopSecurities produced a 5% year-over-year improvement in net revenue and a pre-tax margin of 5.8% in the face of a highly volatile quarter from long-term interest rates. PrimeLending had pre-tax income of $3.2 million on $2.4 billion of mortgage origination volume while operating in a persistently challenging home buying market. Notably, PrimeLending’s operating results include a one-time pre-tax benefit of $9.5 million associated with prior legal settlements. As we move into the second half of the year, we will continue to prioritize protecting our balance sheet and executing on our strategic priorities in order to create long-term stockholder value.”

Second Quarter 2025 Highlights for Hilltop:

●

The reversal of credit losses was $7.3 million during the second quarter of 2025, compared to a provision for credit losses of $9.3 million in the first quarter of 2025 and a provision for credit losses of $10.9 million in the second quarter of 2024;

o

The reversal of credit losses during the second quarter of 2025 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans, loan portfolio changes and net charge-offs, partially offset by a build in the allowance related to specific reserves, including changes in loan mix and risk rating grade migration, within the banking segment, since the prior quarter.

●

On May 15, 2025, Hilltop redeemed all of its outstanding 5.75% Subordinated Notes due 2030 at a redemption price equal to the aggregate principal amount of $50 million, plus accrued and unpaid interest using cash on hand.

●

Noninterest income for the second quarter of 2025 included an aggregate of $6.1 million associated with the net effects of the receipt of $9.5 million by the mortgage origination segment from prior legal settlements and net downward adjustments to the preliminary pre-tax gain of $3.4 million from the sale of operations by the merchant bank equity investment;

o

The aggregate preliminary pre-tax gain of $27.1 million ($21.0 million net of tax) associated with the sale of operations by a merchant bank equity investment is subject to change given customary post-closing adjustments, changes in the market value of the stock consideration included in transaction given certain restrictions, and liquidation of the investment vehicle.

●

For the second quarter of 2025, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $80.7 million, compared to $92.9 million in the second quarter of 2024, a 13.1% decrease;

o

Mortgage loan origination production volume was $2.4 billion during both the second quarter of 2025 and the second quarter of 2024;

o

Net gains from mortgage loans sold to third parties, including broker fee income, increased to 233 basis points during the second quarter of 2025, compared to 232 basis points in the first quarter of 2025.

●

Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the second quarter of 2025 were 0.98% and 6.62%, respectively, compared to 0.59% and 3.84%, respectively, for the second quarter of 2024;

●

Hilltop’s book value per common share increased to $34.90 at June 30, 2025, compared to $34.29 at March 31, 2025;

●

Hilltop’s total assets were $15.4 billion and $15.8 billion at June 30, 2025 and March 31, 2025, respectively;

●

Loans¹, net of allowance for credit losses, were $7.6 billion and $7.5 billion at June 30, 2025 and March 31, 2025, respectively;

●

Non-accrual loans were $72.7 million, or 0.80% of total loans, at June 30, 2025, compared to $81.5 million, or 0.93% of total loans, at March 31, 2025;

●

Loans held for sale increased by 19.7% from March 31, 2025 to $979.9 million at June 30, 2025;

●

Total deposits were $10.4 billion and $10.8 billion at June 30, 2025 and March 31, 2025, respectively;

o

Total estimated uninsured deposits were $5.2 billion, or approximately 50% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $347.3 million and internal accounts of $420.7 million, were $4.5 billion, or approximately 43% of total deposits, at June 30, 2025.

●

Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio² of 13.11% and a Common Equity Tier 1 Capital Ratio of 20.74% at June 30, 2025;

●

Hilltop’s consolidated net interest margin³increased to 3.01% for the second quarter of 2025, compared to 2.84% in the first quarter of 2025;

●

For the second quarter of 2025, noninterest income was $192.6 million, compared to $193.3 million in the second quarter of 2024, a 0.3% decrease;

●

For the second quarter of 2025, noninterest expense was $261.2 million, compared to $256.5 million in the second quarter of 2024, a 1.8% increase; and

●

Hilltop’s effective tax rate was 23.4% during the second quarter of 2025, compared to 22.5% during the same period in 2024.

o

The effective tax rate for the second quarter of 2025 was higher than the applicable statutory rate primarily due to the impact of nondeductible compensation expense, other nondeductible expenses and other permanent adjustments, partially offset by investments in tax-exempt instruments.

¹ “Loans” reflect loans held for investment excluding broker-dealer margin loans, net of allowance for credit losses, of $329.4 million and $324.2 million at June 30, 2025 and March 31, 2025, respectively.

² Based on the end of period Tier 1 capital divided by total average assets during the quarter, excluding goodwill and intangible assets.

³ Net interest margin is defined as net interest income divided by average interest-earning assets.

Consolidated Financial and Other Information


Consolidated Balance Sheets	June 30,		March 31,		December 31,		September 30,		June 30,
(in 000's)	2025		2025		2024		2024		2024
Cash and due from banks	$	982,488	$	1,702,623	$	2,298,977	$	1,961,627	$	798,300
Federal funds sold		650		650		650		3,650		5,650
Assets segregated for regulatory purposes		47,158		88,451		70,963		55,628		51,046
Securities purchased under agreements to resell		93,878		99,099		88,728		81,766		111,914
Securities:
Trading, at fair value		675,757		647,158		524,916		540,836		721,384
Available for sale, at fair value, net ⁽¹⁾		1,408,347		1,405,170		1,396,549		1,405,700		1,433,107
Held to maturity, at amortized cost, net ⁽¹⁾		771,641		762,369		737,899		754,824		777,456
Equity, at fair value		4,996		286		297		287		254
		2,860,741		2,814,983		2,659,661		2,701,647		2,932,201
Loans held for sale		979,875		818,328		858,665		933,724		1,264,437
Loans held for investment, net of unearned income		8,061,204		7,966,777		7,950,551		7,979,630		8,173,520
Allowance for credit losses		(97,961)		(106,197)		(101,116)		(110,918)		(115,082)
Loans held for investment, net		7,963,243		7,860,580		7,849,435		7,868,712		8,058,438

Broker-dealer and clearing organization receivables		1,469,628		1,450,077		1,452,366		1,220,784		1,297,175
Premises and equipment, net		139,179		143,957		148,245		157,803		161,746
Operating lease right-of-use assets		88,050		93,451		90,563		92,041		93,994
Mortgage servicing assets		7,887		6,903		5,723		45,742		52,902
Other assets		455,930		459,774		470,073		528,839		517,811
Goodwill		267,447		267,447		267,447		267,447		267,447
Other intangible assets, net		6,119		6,376		6,633		6,995		7,429
Total assets	$	15,362,273	$	15,812,699	$	16,268,129	$	15,926,405	$	15,620,490

Deposits:
Noninterest-bearing	$	2,790,958	$	2,859,828	$	2,768,707	$	2,831,539	$	2,845,441
Interest-bearing		7,600,599		7,972,138		8,296,615		7,959,908		7,528,415
Total deposits		10,391,557		10,831,966		11,065,322		10,791,447		10,373,856
Broker-dealer and clearing organization payables		1,461,683		1,446,886		1,331,902		1,110,373		1,285,226
Short-term borrowings		734,508		705,008		834,023		914,645		897,613
Securities sold, not yet purchased, at fair value		59,766		63,171		57,234		47,773		75,546
Notes payable		148,475		198,043		347,667		347,533		347,402
Operating lease liabilities		104,972		110,815		109,103		110,799		113,096
Other liabilities		234,467		227,988		304,566		397,976		365,140
Total liabilities		13,135,428		13,583,877		14,049,817		13,720,546		13,457,879

Common stock		630		642		650		650		650
Additional paid-in capital		1,022,474		1,037,138		1,052,219		1,050,497		1,047,523
Accumulated other comprehensive loss		(94,748)		(100,654)		(111,497)		(98,168)		(119,171)
Retained earnings		1,270,286		1,262,586		1,248,593		1,224,117		1,205,467
Deferred compensation employee stock trust, net		—		—		—		—		1
Employee stock trust		—		—		—		—		(1)
Total Hilltop stockholders' equity		2,198,642		2,199,712		2,189,965		2,177,096		2,134,469
Noncontrolling interests		28,203		29,110		28,347		28,763		28,142
Total stockholders' equity		2,226,845		2,228,822		2,218,312		2,205,859		2,162,611
Total liabilities & stockholders' equity	$	15,362,273	$	15,812,699	$	16,268,129	$	15,926,405	$	15,620,490

(1)

At June 30, 2025, the amortized cost of the available for sale securities portfolio was $1,488,368, while the fair value of the held to maturity securities portfolio was $704,035.


	Three Months Ended
Consolidated Income Statements	June 30,		March 31,		December 31,		September 30,		June 30,
(in 000's, except per share data)	2025		2025		2024		2024		2024
Interest income:
Loans, including fees	$	131,793	$	124,692	$	131,726	$	139,821	$	138,627
Securities borrowed		20,544		15,809		17,492		19,426		20,306
Securities:
Taxable		25,811		24,782		29,212		26,265		25,289
Tax-exempt		3,087		2,613		2,944		2,438		2,389
Other		15,946		24,903		27,216		23,092		20,532
Total interest income		197,181		192,799		208,590		211,042		207,143

Interest expense:
Deposits		57,056		60,051		67,411		70,641		68,095
Securities loaned		17,662		14,736		16,407		18,499		18,669
Short-term borrowings		7,694		8,103		10,992		10,878		10,676
Notes payable		3,106		3,653		3,910		3,555		3,604
Other		989		1,139		4,386		2,426		2,449
Total interest expense		86,507		87,682		103,106		105,999		103,493

Net interest income		110,674		105,117		105,484		105,043		103,650
Provision for (reversal of) credit losses		(7,340)		9,338		(5,852)		(1,270)		10,934
Net interest income after provision for (reversal of) credit losses		118,014		95,779		111,336		106,313		92,716

Noninterest income:
Net gains from sale of loans and other mortgage production income		51,945		45,281		43,553		47,816		58,455
Mortgage loan origination fees		28,738		22,451		30,111		32,119		34,398
Securities commissions and fees		33,041		33,728		35,338		30,434		29,510
Investment and securities advisory fees and commissions		43,730		36,628		37,514		42,220		32,992
Other		35,180		75,252		49,074		47,854		37,950
Total noninterest income		192,634		213,340		195,590		200,443		193,305

Noninterest expense:
Employees' compensation and benefits		176,410		176,240		173,334		177,987		169,998
Occupancy and equipment, net		21,064		19,782		25,707		22,317		21,297
Professional services		10,820		4,114		12,791		11,645		10,270
Other		52,882		51,337		50,925		52,363		54,899
Total noninterest expense		261,176		251,473		262,757		264,312		256,464

Income before income taxes		49,472		57,646		44,169		42,444		29,557
Income tax expense		11,583		13,114		6,285		9,539		6,658
Net income		37,889		44,532		37,884		32,905		22,899
Less: Net income attributable to noncontrolling interest		1,816		2,416		2,365		3,212		2,566
Income attributable to Hilltop	$	36,073	$	42,116	$	35,519	$	29,693	$	20,333

Earnings per common share:
Basic	$	0.57	$	0.65	$	0.55	$	0.46	$	0.31
Diluted	$	0.57	$	0.65	$	0.55	$	0.46	$	0.31

Cash dividends declared per common share	$	0.18	$	0.18	$	0.17	$	0.17	$	0.17

Weighted average shares outstanding:
Basic		63,637		64,613		64,935		64,928		65,085
Diluted		63,638		64,615		64,943		64,946		65,086


	Three Months Ended June 30, 2025
Segment Results					Mortgage				All Other and		Hilltop
(in 000's)	Banking		Broker-Dealer		Origination		Corporate		Eliminations		Consolidated
Net interest income (expense)	$	94,919	$	13,151	$	(2,302)	$	(166)	$	5,072	$	110,674
Provision for (reversal of) credit losses		(7,343)		3		—		—		—		(7,340)
Noninterest income		11,892		96,502		90,248		(628)		(5,380)		192,634
Noninterest expense		59,226		103,253		84,736		14,285		(324)		261,176
Income (loss) before taxes	$	54,928	$	6,397	$	3,210	$	(15,079)	$	16	$	49,472


	Six Months Ended June 30, 2025
Segment Results					Mortgage				All Other and		Hilltop
(in 000's)	Banking		Broker-Dealer		Origination		Corporate		Eliminations		Consolidated
Net interest income (expense)	$	185,469	$	24,719	$	(3,699)	$	(1,035)	$	10,337	$	215,791
Provision for (reversal of) credit losses		2,029		(31)		—		—		—		1,998
Noninterest income		22,702		193,439		158,023		42,751		(10,941)		405,974
Noninterest expense		111,156		202,576		159,396		40,176		(655)		512,649
Income (loss) before taxes	$	94,986	$	15,613	$	(5,072)	$	1,540	$	51	$	107,118


	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
Selected Financial Data	2025		2025		2024		2024		2024

Hilltop Consolidated:
Return on average stockholders' equity		6.62%		7.82%		6.50%		5.51%		3.84%
Return on average assets		0.98%		1.13%		0.92%		0.84%		0.59%
Net interest margin ⁽¹⁾		3.01%		2.84%		2.72%		2.84%		2.90%
Net interest margin (taxable equivalent) ⁽²⁾:
As reported		3.04%		2.86%		2.74%		2.85%		2.92%
Impact of purchase accounting		2 bps		4 bps		3 bps		2 bps		6 bps
Book value per common share ($)		34.90		34.29		33.71		33.51		32.86
Shares outstanding, end of period (000's)		63,001		64,154		64,968		64,960		64,953
Dividend payout ratio ⁽³⁾		31.75%		27.62%		31.08%		37.17%		54.42%

Banking Segment:
Net interest margin ⁽¹⁾		3.16%		2.97%		2.98%		3.05%		3.10%
Net interest margin (taxable equivalent)⁽²⁾:
As reported		3.17%		2.97%		2.99%		3.06%		3.10%
Impact of purchase accounting		3 bps		3 bps		4 bps		3 bps		7 bps
Accretion of discount on loans ($000's)		586		1,045		1,076		737		1,945
Net recoveries (charge-offs) ($000's)		(896)		(4,257)		(3,950)		(2,894)		(83)
Return on average assets		1.35%		0.96%		1.24%		1.14%		0.81%
Fee income ratio		11.1%		10.7%		10.7%		10.3%		9.1%
Efficiency ratio		55.4%		51.2%		57.8%		55.2%		57.0%
Employees' compensation and benefits ($000's)		32,146		34,102		33,313		31,920		33,352

Broker-Dealer Segment:
Net revenue ($000's) ⁽⁴⁾		109,653		108,505		126,367		124,258		104,271
Employees' compensation and benefits ($000's)		73,493		68,064		75,150		75,912		66,181
Variable compensation expense ($000's)		36,172		33,283		42,484		42,569		32,734
Compensation as a % of net revenue		67.0%		62.7%		59.5%		61.1%		63.5%
Pre-tax margin ⁽⁵⁾		5.8%		8.5%		16.1%		13.7%		6.9%

Mortgage Origination Segment:
Mortgage loan originations - volume ($000's):
Home purchases		2,168,690		1,528,560		1,909,706		2,096,009		2,205,157
Refinancings		263,829		213,781		343,400		211,454		174,141
Total mortgage loan originations - volume		2,432,519		1,742,341		2,253,106		2,307,463		2,379,298
Mortgage loan sales - volume ($000's)		2,135,291		1,744,555		2,065,356		2,569,678		1,838,841
Net gains from mortgage loan sales (basis points):
Loans sold to third parties		223		222		217		218		223
Broker fee income ⁽⁶⁾		10		10		9		6		10
Impact of loans retained by banking segment		(5)		(8)		(5)		0		(5)
As reported		228		224		221		224		228
Mortgage servicing rights asset ($000's) ⁽⁷⁾		7,887		6,903		5,723		45,742		52,902
Employees' compensation and benefits ($000's)		62,214		53,339		56,402		60,573		61,624
Variable compensation expense ($000's)		34,975		24,832		30,784		33,862		34,886

(1)	Net interest margin is defined as net interest income divided by average interest-earning assets.

(2)

Net interest margin (taxable equivalent), a non-GAAP measure, is defined as taxable equivalent net interest income divided by average interest-earning assets. Taxable equivalent adjustments are based on the applicable 21% federal income tax rate for all periods presented. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. The taxable equivalent adjustments to interest income for Hilltop (consolidated) were $0.8 million, $0.6 million, $0.7 million, $0.6 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.1 million, $0.2 million, $0.2 million, $0.2 million and $0.1 million, respectively, for the periods presented.

(3)	Dividend payout ratio is defined as cash dividends declared per common share divided by basic earnings per common share.

(4)	Net revenue is defined as the sum of total broker-dealer net interest income and total broker-dealer noninterest income.

(5)	Pre-tax margin is defined as income before income taxes divided by net revenue.

(6)	Broker fee income is earned by the mortgage origination segment for facilitating mortgage loan transactions between PrimeLending customers and third-party mortgage lenders when the requested loan products are not offered by PrimeLending.

(7)	Reported on a consolidated basis and therefore does not include mortgage servicing rights assets related to loans serviced for the banking segment, which are eliminated in consolidation.


	June 30,		March 31,		December 31,		September 30,		June 30,
Capital Ratios	2025		2025		2024		2024		2024
Tier 1 capital (to average assets):
PlainsCapital		10.71%		10.22%		9.99%		10.34%		11.36%
Hilltop		13.11%		12.86%		12.57%		12.95%		12.87%
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		15.08%		15.06%		15.35%		14.94%		15.58%
Hilltop		20.74%		21.17%		21.23%		20.48%		19.45%
Tier 1 capital (to risk-weighted assets):
PlainsCapital		15.08%		15.06%		15.35%		14.94%		15.58%
Hilltop		20.74%		21.17%		21.23%		20.48%		19.45%
Total capital (to risk-weighted assets):
PlainsCapital		16.29%		16.31%		16.54%		16.13%		16.77%
Hilltop		23.38%		24.45%		24.40%		23.68%		22.57%


	June 30,		March 31,		December 31,		September 30,		June 30,
Non-Performing Assets Portfolio Data	2025		2025		2024		2024		2024
Loans accounted for on a non-accrual basis ($000's):
Commercial real estate:
Non-owner occupied	$	4,107	$	4,241	$	7,166	$	8,042	$	6,894
Owner occupied		6,429		6,535		6,092		2,410		6,437
Commercial and industrial		40,990		51,987		59,025		66,929		80,755
Construction and land development		3,667		3,256		3,003		2,682		485
1-4 family residential		17,550		15,458		12,863		11,123		11,092
Consumer		—		—		—		—		1
Broker-dealer		—		—		—		—		—
Non-accrual loans ($000's)	$	72,743	$	81,477	$	88,149	$	91,186	$	105,664

Non-accrual loans as a % of total loans		0.80%		0.93%		1.00%		1.02%		1.12%

Other real estate owned ($000's)		9,144		7,682		2,848		2,744		2,973

Other repossessed assets ($000's)		—		—		98		413		464

Non-performing assets ($000's)		81,887		89,159		91,095		94,343		109,101

Non-performing assets as a % of total assets		0.53%		0.56%		0.56%		0.59%		0.70%

Loans past due 90 days or more and still accruing ($000's) ⁽¹⁾		28,378		24,145		22,090		140,763		122,451

(1)	Loans past due 90 days or more and still accruing were primarily comprised of loans held for sale and guaranteed by U.S. government agencies, including loans that are subject to repurchase, or have been repurchased, by PrimeLending.


	Three Months Ended June 30,
	2025						2024
	Average		Interest		Annualized		Average		Interest		Annualized
	Outstanding		Earned		Yield or		Outstanding		Earned		Yield or
Net Interest Margin (Taxable Equivalent) Details ⁽¹⁾	Balance		or Paid		Rate		Balance		or Paid		Rate
Assets
Interest-earning assets
Loans held for sale	$	923,726	$	14,119	6.05	%	$	934,445	$	13,494	5.78	%
Loans held for investment, gross ⁽²⁾		8,073,187		117,674	5.84	%		7,892,879		125,133	6.36	%
Investment securities - taxable		2,490,931		25,811	4.10	%		2,612,049		25,284	3.87	%
Investment securities - non-taxable ⁽³⁾		360,557		3,891	4.27	%		321,928		2,965	3.68	%
Federal funds sold and securities purchased under agreements to resell		84,583		1,352	6.41	%		105,520		1,944	7.39	%
Interest-bearing deposits in other financial institutions		1,210,977		12,724	4.21	%		1,057,783		13,572	5.15	%
Securities borrowed		1,451,826		20,544	5.60	%		1,358,425		20,306	5.91	%
Other		127,638		1,871	5.88	%		39,758		5,016	50.60	%
Interest-earning assets, gross ⁽³⁾		14,723,425		197,986	5.39	%		14,322,787		207,714	5.82	%
Allowance for credit losses		(105,816)						(104,551)
Interest-earning assets, net		14,617,609						14,218,236
Noninterest-earning assets		968,459						1,332,959
Total assets	$	15,586,068					$	15,551,195

Liabilities and Stockholders' Equity
Interest-bearing liabilities
Interest-bearing deposits	$	7,868,600	$	57,056	2.91	%	$	7,617,862	$	68,095	3.59	%
Securities loaned		1,440,958		17,662	4.92	%		1,338,825		18,669	5.59	%
Notes payable and other borrowings		955,618		11,789	4.95	%		1,253,394		16,729	5.35	%
Total interest-bearing liabilities		10,265,176		86,507	3.38	%		10,210,081		103,493	4.07	%
Noninterest-bearing liabilities
Noninterest-bearing deposits		2,775,448						2,814,179
Other liabilities		330,616						377,516
Total liabilities		13,371,240						13,401,776
Stockholders’ equity		2,187,108						2,122,144
Noncontrolling interest		27,720						27,275
Total liabilities and stockholders' equity	$	15,586,068					$	15,551,195

Net interest income ⁽³⁾			$	111,479					$	104,221
Net interest spread ⁽³⁾					2.01	%					1.75	%
Net interest margin ⁽³⁾					3.04	%					2.92	%

(1)	Information presented on a consolidated basis (dollars in thousands).

(2)	Average balance includes non-accrual loans.

(3)	Presented on a taxable-equivalent basis with annualized taxable equivalent adjustments based on the applicable 21% federal income tax rate for the periods presented. The adjustment to interest income was $0.8 million and $0.6 million for the three months ended June 30, 2025 and 2024, respectively.

Conference Call Information

Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, July 25, 2025. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review second quarter 2025 financial results. Interested parties can access the conference call by dialing 800-549-8228 (Toll Free North America) or (+1) 289-819-1520 (International Toll) and then using the conference ID 82549. The conference call also will be webcast simultaneously on Hilltop’s Investor Relations website (http://ir.hilltop.com).

About Hilltop

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At June 30, 2025, Hilltop employed approximately 3,700 people and operated 309 locations in 47 states. Hilltop Holdings’ common stock is listed on the New York Stock Exchange under the symbol “HTH.” Find more information at Hilltop.com, PlainsCapital.com, PrimeLending.com and Hilltopsecurities.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning such things as our plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: (i) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (ii) effectiveness of our data security controls in the face of cyber attacks and any legal, reputational and financial risks following a cybersecurity incident; (iii) changes in general economic, market and business conditions in areas or markets where we compete, including changes in the price of crude oil; (iv) changes in the interest rate environment; (v) risks associated with concentration in real estate related loans; (vi) the effects of indebtedness on our ability to manage our business successfully, including the restrictions imposed by the indenture governing our indebtedness; (vii) disruptions to the economy and financial services industry, risks associated with uninsured deposits and responsive measures by federal or state governments or banking regulators, including increases in the cost of our deposit insurance assessments; (viii) cost and availability of capital; (ix) changes in state and federal laws, regulations or policies affecting one or more of our business segments, including changes in policies under the new Presidential administration, changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”); (x) changes in key management; (xi) competition in our banking, broker-dealer, and mortgage origination segments from other banks and financial institutions as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders and government agencies; (xii) legal and regulatory proceedings; (xiii) risks associated with merger and acquisition integration; and (xiv) our ability to use excess capital in an effective manner. For further discussion of such factors, see the risk factors described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

Source: Hilltop Holdings Inc.