Stockholders' Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' Equity | |
| Stockholders' Equity | 17. Stockholders’ Equity Dividends During the six months ended June 30, 2026 and 2025, the Company declared and paid cash dividends of $0.40 and $0.36 per common share, or an aggregate of $23.4 million and $23.2 million, respectively. On July 23, 2026, Hilltop’s board of directors declared a quarterly cash dividend of $0.22 per common share, payable on August 21, 2026, to all common stockholders of record as of the close of business on August 7, 2026. Stock Repurchases In January 2026, the Hilltop board of directors authorized a new stock repurchase program through January 2027, pursuant to which the Company was originally authorized to repurchase, in the aggregate, up to $125.0 million of the Company’s outstanding common stock. In July 2026, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock the Company may repurchase under this program to $200.0 million, an increase of $75.0 million, which is inclusive of repurchases to offset dilution related to grants of stock-based compensation. During the six months ended June 30, 2026, Hilltop paid $94.5 million to repurchase an aggregate of 2,488,216 shares of the Company’s common stock at an average price of $37.99 per share pursuant to the stock repurchase program. As a result of share repurchases during 2026, Hilltop has approximately $106 million of available share repurchase capacity through the expiration of the 2026 stock repurchase program in January 2027. The Company's share repurchases in excess of issuances may be subject to a nondeductible 1% excise tax enacted by the Inflation Reduction Act of 2022, subject to certain limitations. During the three and six months ended June 30, 2026, an excise tax of $0.4 million and $0.8 million, respectively, on net share repurchases was accrued and recorded to retained earnings on the consolidated balance sheets, and reported as a component of repurchases of common stock, inclusive of taxes within the consolidated statements of stockholders’ equity. The Company’s stock repurchase program, prior year repurchases, and related accounting policy are discussed in detail in Note 1 and Note 22 to the consolidated financial statements included in the Company’s 2025 Form 10-K. |