Earnings release
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Exhibit 99.1 Investor Relations Contact: Matt Dunn 214-525-4636 mdunn@hilltop.com Hilltop Holdings Inc. Announces Financial Results for Third Quarter 2025 DALLAS — (BUSINESS WIRE) October 23, 2025 — Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the third quarter of 2025. Hilltop produced income to common stockholders of $45.8 million, or $0.74 per diluted share, for the third quarter of 2025, compared to $29.7 million, or $0.46 per diluted share, for the third quarter of 2024. Hilltop’s financial results for the third quarter, compared with the same period in 2024, primarily included increases in the reversal of credit losses and net interest income and a decrease in noninterest expense within the banking segment, net revenues and noninterest expenses increased within the broker-dealer segment, and the mortgage origination segment had declines in noninterest income, noninterest expense and net interest expense. Hilltop also announced that its Board of Directors declared a quarterly cash dividend of $0.18 per common share payable on November 21, 2025, to all common stockholders of record as of the close of business on November 7, 2025. Additionally, during the third quarter of 2025, Hilltop paid $55.1 million to repurchase an aggregate of 1,701,274 shares of its common stock at an average price of $32.36 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 October 2025, the Hilltop Board of Directors authorized an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $185.0 million, an increase of $50.0 million. As a result of share repurchases during 2025, Hilltop has approximately $62 million of available share repurchase capacity 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, “Hilltop delivered a 1.2% return on average assets during the third quarter on net income of $46 million. Within PlainsCapital Bank, strong core loan and deposit growth on a linked-quarter basis, along with healthy net interest margin expansion, generated $55 million in pre-tax income during the third quarter. A dampened summer home-buying market weighed down PrimeLending’s operating results as the company produced a pre-tax loss of $7 million on flat year-over-year origination volumes and depressed origination fees. We continue to actively manage down fixed expenses within our mortgage origination business. Additionally, robust results within all business lines at HilltopSecurities resulted in a pre-tax margin of 18% on net revenues of $144 million. “Further, Hilltop Holdings returned $66 million to stockholders via $11 million in quarterly dividends and $55 million in repurchases of Hilltop shares. As we close out 2025, we are working diligently to implement and execute strategic plans for 2026 that will continue to prioritize serving our clients and creating long-term stockholder value.” Third Quarter 2025 Highlights for Hilltop: ● The reversal of credit losses was $2.5 million during the third quarter of 2025, compared to a reversal of credit losses of $7.3 million in the second quarter of 2025 and a reversal of credit losses of $1.3 million in the third quarter of 2024; o The reversal of credit losses during the third quarter of 2025 was primarily driven by changes in the U.S. economic outlook associated with collectively evaluated loans and loan portfolio changes, including changes in loan mix and risk rating grade migration, within the banking segment, partially offset by a build in the allowance related to specific reserves, since the prior quarter.
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● For the third quarter of 2025, net gains from sale of loans and other mortgage production income and mortgage loan origination fees was $76.6 million, compared to $79.9 million in the third quarter of 2024, a 4.2% decrease; o Mortgage loan origination production volume was $2.3 billion during the third quarter of 2025, compared to $2.3 billion during the third quarter of 2024; o Net gains from mortgage loans sold to third parties, including broker fee income, increased to 239 basis points during the third quarter of 2025, compared to 233 basis points in the second quarter of 2025. ● Hilltop’s consolidated annualized return on average assets and return on average stockholders’ equity for the third quarter of 2025 were 1.20% and 8.35%, respectively, compared to 0.84% and 5.51%, respectively, for the third quarter of 2024; ● Hilltop’s book value per common share increased to $35.69 at September 30, 2025, compared to $34.90 at June 30, 2025; ● Hilltop’s total assets were $15.6 billion and $15.4 billion at September 30, 2025 and June 30, 2025, respectively; ● Loans1, net of allowance for credit losses, were $7.8 billion and $7.6 billion at September 30, 2025 and June 30, 2025, respectively; ● Non-accrual loans were $68.3 million, or 0.75% of total loans, at September 30, 2025, compared to $72.7 million, or 0.80% of total loans, at June 30, 2025; ● Loans held for sale decreased by 13.3% from June 30, 2025 to $849.4 million at September 30, 2025; ● Total deposits were $10.7 billion and $10.4 billion at September 30, 2025 and June 30, 2025, respectively; o Total estimated uninsured deposits were $5.7 billion, or approximately 54% of total deposits, while estimated uninsured deposits, excluding collateralized deposits of $592.1 million and internal accounts of $370.2 million, were $4.8 billion, or approximately 45% of total deposits, at September 30, 2025. ● Hilltop maintained strong capital levels with a Tier 1 Leverage Ratio2 of 13.13% and a Common Equity Tier 1 Capital Ratio of 20.33% at September 30, 2025; ● Hilltop’s consolidated net interest margin3 increased to 3.06% for the third quarter of 2025, compared to 3.01% in the second quarter of 2025; ● For the third quarter of 2025, noninterest income was $217.8 million, compared to $200.4 million in the third quarter of 2024, an 8.7% increase; ● For the third quarter of 2025, noninterest expense was $271.9 million, compared to $264.3 million in the third quarter of 2024, a 2.9% increase; and ● Hilltop’s effective tax rate was 23.2% during the third quarter of 2025, compared to 22.5% during the same period in 2024. o The effective tax rate for the third 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 $325.3 million and $329.4 million at September 30, 2025 and June 30, 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.
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Consolidated Financial and Other Information Consolidated Balance Sheets September 30, June 30, March 31, December 31, September 30, (in 000's) 2025 2025 2025 2024 2024 Cash and due from banks $ 1,277,283 $ 982,488 $ 1,702,623 $ 2,298,977 $ 1,961,627 Federal funds sold 650 650 650 650 3,650 Assets segregated for regulatory purposes 5,050 47,158 88,451 70,963 55,628 Securities purchased under agreements to resell 78,909 93,878 99,099 88,728 81,766 Securities: Trading, at fair value 574,434 675,757 647,158 524,916 540,836 Available for sale, at fair value, net (1) 1,443,612 1,408,347 1,405,170 1,396,549 1,405,700 Held to maturity, at amortized cost, net (1) 755,012 771,641 762,369 737,899 754,824 Equity, at fair value 248 4,996 286 297 287 2,773,306 2,860,741 2,814,983 2,659,661 2,701,647 Loans held for sale 849,357 979,875 818,328 858,665 933,724 Loans held for investment, net of unearned income 8,227,194 8,061,204 7,966,777 7,950,551 7,979,630 Allowance for credit losses (95,168) (97,961) (106,197) (101,116) (110,918) Loans held for investment, net 8,132,026 7,963,243 7,860,580 7,849,435 7,868,712 Broker-dealer and clearing organization receivables 1,519,005 1,469,628 1,450,077 1,452,366 1,220,784 Premises and equipment, net 136,830 139,179 143,957 148,245 157,803 Operating lease right-of-use assets 87,464 88,050 93,451 90,563 92,041 Mortgage servicing assets 12,273 7,887 6,903 5,723 45,742 Other assets 459,588 455,930 459,774 470,073 528,839 Goodwill 267,447 267,447 267,447 267,447 267,447 Other intangible assets, net 5,862 6,119 6,376 6,633 6,995 Total assets $ 15,605,050 $ 15,362,273 $ 15,812,699 $ 16,268,129 $ 15,926,405 Deposits: Noninterest-bearing $ 2,766,155 $ 2,790,958 $ 2,859,828 $ 2,768,707 $ 2,831,539 Interest-bearing 7,909,316 7,600,599 7,972,138 8,296,615 7,959,908 Total deposits 10,675,471 10,391,557 10,831,966 11,065,322 10,791,447 Broker-dealer and clearing organization payables 1,445,280 1,461,683 1,446,886 1,331,902 1,110,373 Short-term borrowings 680,979 734,508 705,008 834,023 914,645 Securities sold, not yet purchased, at fair value 65,119 59,766 63,171 57,234 47,773 Notes payable 148,530 148,475 198,043 347,667 347,533 Operating lease liabilities 104,134 104,972 110,815 109,103 110,799 Other liabilities 269,297 234,467 227,988 304,566 397,976 Total liabilities 13,388,810 13,135,428 13,583,877 14,049,817 13,720,546 Common stock 613 630 642 650 650 Additional paid-in capital 998,644 1,022,474 1,037,138 1,052,219 1,050,497 Accumulated other comprehensive loss (87,254) (94,748) (100,654) (111,497) (98,168) Retained earnings 1,276,539 1,270,286 1,262,586 1,248,593 1,224,117 Total Hilltop stockholders' equity 2,188,542 2,198,642 2,199,712 2,189,965 2,177,096 Noncontrolling interests 27,698 28,203 29,110 28,347 28,763 Total stockholders' equity 2,216,240 2,226,845 2,228,822 2,218,312 2,205,859 Total liabilities & stockholders' equity $ 15,605,050 $ 15,362,273 $ 15,812,699 $ 16,268,129 $ 15,926,405 (1) At September 30, 2025, the amortized cost of the available for sale securities portfolio was $1,514,825, while the fair value of the held to maturity securities portfolio was $696,835.
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Three Months Ended Consolidated Income Statements September 30, June 30, March 31, December 31, September 30, (in 000's, except per share data) 2025 2025 2025 2024 2024 Interest income: Loans, including fees $ 135,773 $ 131,793 $ 124,692 $ 131,726 $ 139,821 Securities borrowed 21,175 20,544 15,809 17,492 19,426 Securities: Taxable 25,452 25,811 24,782 29,212 26,265 Tax-exempt 3,512 3,087 2,613 2,944 2,438 Other 14,349 15,946 24,903 27,216 23,092 Total interest income 200,261 197,181 192,799 208,590 211,042 Interest expense: Deposits 57,001 57,056 60,051 67,411 70,641 Securities loaned 19,430 17,662 14,736 16,407 18,499 Short-term borrowings 7,867 7,694 8,103 10,992 10,878 Notes payable 2,404 3,106 3,653 3,910 3,555 Other 1,171 989 1,139 4,386 2,426 Total interest expense 87,873 86,507 87,682 103,106 105,999 Net interest income 112,388 110,674 105,117 105,484 105,043 Provision for (reversal of) credit losses (2,511) (7,340) 9,338 (5,852) (1,270) Net interest income after provision for (reversal of) credit losses 114,899 118,014 95,779 111,336 106,313 Noninterest income: Net gains from sale of loans and other mortgage production income 51,730 51,945 45,281 43,553 47,816 Mortgage loan origination fees 24,850 28,738 22,451 30,111 32,119 Securities commissions and fees 38,719 33,041 33,728 35,338 30,434 Investment and securities advisory fees and commissions 53,349 43,730 36,628 37,514 42,220 Other 49,159 35,180 75,252 49,074 47,854 Total noninterest income 217,807 192,634 213,340 195,590 200,443 Noninterest expense: Employees' compensation and benefits 190,027 176,410 176,240 173,334 177,987 Occupancy and equipment, net 19,930 21,064 19,782 25,707 22,317 Professional services 12,681 10,820 4,114 12,791 11,645 Other 49,265 52,882 51,337 50,925 52,363 Total noninterest expense 271,903 261,176 251,473 262,757 264,312 Income before income taxes 60,803 49,472 57,646 44,169 42,444 Income tax expense 14,129 11,583 13,114 6,285 9,539 Net income 46,674 37,889 44,532 37,884 32,905 Less: Net income attributable to noncontrolling interest 856 1,816 2,416 2,365 3,212 Income attributable to Hilltop $ 45,818 $ 36,073 $ 42,116 $ 35,519 $ 29,693 Earnings per common share: Basic $ 0.74 $ 0.57 $ 0.65 $ 0.55 $ 0.46 Diluted $ 0.74 $ 0.57 $ 0.65 $ 0.55 $ 0.46 Cash dividends declared per common share $ 0.18 $ 0.18 $ 0.18 $ 0.17 $ 0.17 Weighted average shares outstanding: Basic 62,146 63,637 64,613 64,935 64,928 Diluted 62,168 63,638 64,615 64,943 64,946 Three Months Ended September 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker- Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 96,846 $ 12,662 $ (2,051) $ 443 $ 4,488 $ 112,388 Provision for (reversal of) credit losses (2,621) 110 — — — (2,511) Noninterest income 11,001 131,832 76,608 3,081 (4,715) 217,807 Noninterest expense 55,778 117,912 81,791 16,672 (250) 271,903 Income (loss) before taxes $ 54,690 $ 26,472 $ (7,234) $ (13,148) $ 23 $ 60,803 Nine Months Ended September 30, 2025 Segment Results Mortgage All Other and Hilltop (in 000's) Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 282,315 $ 37,381 $ (5,749) $ (592) $ 14,824 $ 328,179 Provision for (reversal of) credit losses (592) 79 — — — (513) Noninterest income 33,703 325,271 234,631 45,832 (15,656) 623,781 Noninterest expense 166,934 320,488 241,187 56,848 (905) 784,552 Income (loss) before taxes $ 149,676 $ 42,085 $ (12,305) $ (11,608) $ 73 $ 167,921
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Three Months Ended September 30, June 30, March 31, December 31, September 30, Selected Financial Data 2025 2025 2025 2024 2024 Hilltop Consolidated: Return on average stockholders' equity 8.35% 6.62% 7.82% 6.50% 5.51% Return on average assets 1.20% 0.98% 1.13% 0.92% 0.84% Net interest margin (1) 3.06% 3.01% 2.84% 2.72% 2.84% Net interest margin (taxable equivalent) (2): As reported 3.09% 3.04% 2.86% 2.74% 2.85% Impact of purchase accounting 2 bps 2 bps 4 bps 3 bps 2 bps Book value per common share ($) 35.69 34.90 34.29 33.71 33.51 Shares outstanding, end of period (000's) 61,326 63,001 64,154 64,968 64,960 Dividend payout ratio (3) 24.41% 31.75% 27.62% 31.08% 37.17% Banking Segment: Net interest margin (1) 3.23% 3.16% 2.97% 2.98% 3.05% Net interest margin (taxable equivalent) (2): As reported 3.23% 3.17% 2.97% 2.99% 3.06% Impact of purchase accounting 2 bps 3 bps 3 bps 4 bps 3 bps Accretion of discount on loans ($000's) 559 586 1,045 1,076 737 Net recoveries (charge-offs) ($000's) (282) (896) (4,257) (3,950) (2,894) Return on average assets 1.34% 1.35% 0.96% 1.24% 1.14% Fee income ratio 10.2% 11.1% 10.7% 10.7% 10.3% Efficiency ratio 51.7% 55.4% 51.2% 57.8% 55.2% Employees' compensation and benefits ($000's) 31,925 32,146 34,102 33,313 31,920 Broker-Dealer Segment: Net revenue ($000's) (4) 144,494 109,653 108,505 126,367 124,258 Employees' compensation and benefits ($000's) 86,997 73,493 68,064 75,150 75,912 Variable compensation expense ($000's) 50,756 36,172 33,283 42,484 42,569 Compensation as a % of net revenue 60.2% 67.0% 62.7% 59.5% 61.1% Pre-tax margin (5) 18.3% 5.8% 8.5% 16.1% 13.7% Mortgage Origination Segment: Mortgage loan originations - volume ($000's): Home purchases 2,027,568 2,168,690 1,528,560 1,909,706 2,096,009 Refinancings 269,136 263,829 213,781 343,400 211,454 Total mortgage loan originations - volume 2,296,704 2,432,519 1,742,341 2,253,106 2,307,463 Mortgage loan sales - volume ($000's) 2,220,126 2,135,291 1,744,555 2,065,356 2,569,678 Net gains from mortgage loan sales (basis points): Loans sold to third parties (6) 226 223 222 217 218 Broker fee income (7) 13 10 10 9 6 Impact of loans retained by banking segment (5) (5) (8) (5) — As reported 234 228 224 221 224 Mortgage servicing rights asset ($000's) (8) 12,273 7,887 6,903 5,723 45,742 Employees' compensation and benefits ($000's) 60,036 62,214 53,339 56,402 60,573 Variable compensation expense ($000's) 32,665 34,975 24,832 30,784 33,862 (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 $1.0 million, $0.8 million, $0.6 million, $0.7 million and $0.6 million, respectively, for the periods presented and for the banking segment were $0.3 million, $0.1 million, $0.2 million, $0.2 million and $0.2 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) Net gains from mortgage loans sold to third parties reflects provisions for anticipated indemnification claims and penalties for early payoff of loans which had the effect of lowering such net gains from mortgage loans sold to third parties by 9, 7, 17, 13 and 7 basis points, respectively, for the periods presented. (7) 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. (8) 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. September 30, June 30, March 31, December 31, September 30, Capital Ratios 2025 2025 2025 2024 2024 Tier 1 capital (to average assets): PlainsCapital 10.74% 10.71% 10.22% 9.99% 10.34% Hilltop 13.13% 13.11% 12.86% 12.57% 12.95% Common equity Tier 1 capital (to risk-weighted assets): PlainsCapital 14.81% 15.08% 15.06% 15.35% 14.94% Hilltop 20.33% 20.74% 21.17% 21.23% 20.48% Tier 1 capital (to risk-weighted assets): PlainsCapital 14.81% 15.08% 15.06% 15.35% 14.94% Hilltop 20.33% 20.74% 21.17% 21.23% 20.48% Total capital (to risk-weighted assets): PlainsCapital 15.96% 16.29% 16.31% 16.54% 16.13% Hilltop 22.90% 23.38% 24.45% 24.40% 23.68%
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September 30, June 30, March 31, December 31, September 30, Non-Performing Assets Portfolio Data 2025 2025 2025 2024 2024 Loans accounted for on a non-accrual basis ($000's): Commercial real estate: Non-owner occupied $ 3,969 $ 4,107 $ 4,241 $ 7,166 $ 8,042 Owner occupied 7,119 6,429 6,535 6,092 2,410 Commercial and industrial 41,457 40,990 51,987 59,025 66,929 Construction and land development 1,007 3,667 3,256 3,003 2,682 1-4 family residential 14,701 17,550 15,458 12,863 11,123 Consumer — — — — — Broker-dealer — — — — — Non-accrual loans ($000's) $ 68,253 $ 72,743 $ 81,477 $ 88,149 $ 91,186 Non-accrual loans as a % of total loans 0.75% 0.80% 0.93% 1.00% 1.02% Other real estate owned ($000's) 8,289 9,144 7,682 2,848 2,744 Other repossessed assets ($000's) — — — 98 413 Non-performing assets ($000's) 76,542 81,887 89,159 91,095 94,343 Non-performing assets as a % of total assets 0.49% 0.53% 0.56% 0.56% 0.59% Loans past due 90 days or more and still accruing ($000's) (1) 28,388 28,378 24,145 22,090 140,763 (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 September 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 $ 905,623 $ 14,331 6.19% $ 990,902 $ 14,645 5.91% Loans held for investment, gross (2) 8,103,557 121,442 5.95% 8,024,771 125,176 6.19% Investment securities - taxable 2,477,028 25,451 4.11% 2,477,014 26,264 4.24% Investment securities - non-taxable (3) 391,685 4,458 4.55% 323,479 3,020 3.73% Federal funds sold and securities purchased under agreements to resell 71,359 958 5.32% 97,686 1,845 7.49% Interest-bearing deposits in other financial institutions 1,061,807 11,430 4.27% 1,373,051 17,800 5.14% Securities borrowed 1,423,476 21,175 5.82% 1,260,420 19,426 6.03% Other 134,682 1,962 5.78% 137,105 3,447 9.97% Interest-earning assets, gross (3) 14,569,217 201,207 5.48% 14,684,428 211,623 5.72% Allowance for credit losses (97,992) (115,113) Interest-earning assets, net 14,471,225 14,569,315 Noninterest-earning assets 956,077 1,070,833 Total assets $ 15,427,302 $ 15,640,148 Liabilities and Stockholders' Equity Interest-bearing liabilities Interest-bearing deposits $ 7,807,348 $ 57,001 2.90% $ 7,744,588 $ 70,641 3.62% Securities loaned 1,407,765 19,430 5.48% 1,247,392 18,499 5.88% Notes payable and other borrowings 934,201 11,442 4.86% 1,333,671 16,859 5.02% Total interest-bearing liabilities 10,149,314 87,873 3.43% 10,325,651 105,999 4.07% Noninterest-bearing liabilities Noninterest-bearing deposits 2,695,744 2,737,942 Other liabilities 377,444 405,768 Total liabilities 13,222,502 13,469,361 Stockholders’ equity 2,177,581 2,143,252 Noncontrolling interest 27,219 27,535 Total liabilities and stockholders' equity $ 15,427,302 $ 15,640,148 Net interest income (3) $ 113,334 $ 105,624 Net interest spread (3) 2.05% 1.65% Net interest margin (3) 3.09% 2.85% (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 $1.0 million and $0.6 million for the three months ended September 30, 2025 and 2024, respectively.
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Conference Call Information Hilltop will host a live webcast and conference call at 8:00 AM Central (9:00 AM Eastern) on Friday, October 24, 2025. Hilltop Chairman, President and CEO Jeremy B. Ford and Hilltop CFO William B. Furr will review third 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 98217. 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 September 30, 2025, Hilltop employed approximately 3,600 people and operated 312 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,” “working” 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.