Hilltop Holdings Inc - Understand $hth stock

$HTH Market Cap: $2.112 Billion

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Financial Snapshot

Revenue

$844.6M

TTM

Gross Margin

Net Earnings

$106.4M

TTM

Current Assets

Current Liabilities

$2.184B

Q3 2024

Current Ratio

Total Assets

$15.93B

Q3 2024

Total Liabilities

$13.72B

Q3 2024

Book Value

$2.206B

Q3 2024

Cash

$2.021B

Q3 2024

P/E

19.86

Nov 13, 2024 EST

Free Cash Flow

$405.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$838.4M	$591.1M	$530.0M	$546.5M	$610.7M	$574.6M	$507.2M				$329.1M	$39.04M	$11.05M	$8.154M
YoY Change	41.83%	11.54%	-3.02%	-10.51%	6.28%	13.3%					742.96%	253.32%	35.5%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010
Revenue	$838.4M	$591.1M	$530.0M	$546.5M	$610.7M	$574.6M	$507.2M	$329.1M	$39.04M	$11.05M	$8.154M
Cost Of Revenue					$68.94M	$79.35M	$94.70M	$110.8M	$109.2M	$96.73M	$70.94M
Gross Profit					$541.8M	$495.3M	$412.5M	$218.3M	-$70.12M	-$85.69M	-$62.79M
Gross Profit Margin					88.71%	86.19%	81.33%	66.34%	-179.62%	-775.5%	-770.04%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$19.63M	$32.63M	$24.60M	$21.90M	$33.21M	$34.68M	$36.55M	$40.59M	$38.76M	$1.714M	$1.788M	$1.981M	$2.200M	$2.000M	$0.00	$0.00	$61.10M	$39.90M	$38.60M	$16.90M
YoY Change	-39.83%	32.62%	12.33%	-34.05%	-4.26%	-5.11%		4.73%	2161.2%	-4.14%	-9.74%	-9.95%	10.0%			-100.0%	53.13%	3.37%	128.4%	44.44%
% of Gross Profit					6.13%	7.0%	8.86%	18.59%
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010
Interest Expense	$371.5M	$132.1M	$107.0M	$122.3M	$171.7M	$141.3M	$85.41M	$32.87M	$10.20M	$8.985M	$8.971M
YoY Change	181.16%	23.51%	-12.54%	-28.76%	21.51%	65.47%		222.42%	13.48%	0.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$149.1M	$156.1M	$504.1M	$564.4M	$282.7M	$155.0M	$243.3M	$231.4M	$283.5M	$178.2M	$197.4M	-$6.243M	-$11.54M	-$1.555M	-$3.500M	-$42.10M	$25.30M	-$12.80M	-$11.50M	-$86.10M	-$44.20M	-$48.10M	-$12.80M
YoY Change	-4.49%	-69.03%	-10.68%	99.63%	82.37%	-36.28%	5.14%	-18.38%	59.09%	-9.72%	-3261.83%	-45.9%	642.12%	-55.57%	-91.69%	-266.4%	-297.66%	11.3%	-86.64%	94.8%	-8.11%	275.78%	-9.22%
Income Tax	$31.14M	$36.83M	$118.0M	$133.1M	$63.71M	$34.23M	$110.1M	$83.50M	$70.90M	$65.60M	$70.68M	-$1.145M	-$5.009M	-$1.007M	-$1.300M	-$19.60M	$10.60M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	20.88%	23.59%	23.4%	23.58%	22.54%	22.08%	45.27%	36.08%	25.01%	36.81%	35.81%						41.9%
Net Earnings	$109.6M	$113.1M	$374.5M	$447.8M	$225.3M	$121.4M	$132.5M	$145.9M	$211.0M	$111.7M	$125.3M	-$5.592M	-$6.531M	-$548.0K	-$2.100M	-$22.60M	$293.2M	-$17.40M	-$184.5M	-$85.70M	-$34.40M	-$40.80M	-$13.10M
YoY Change	-3.08%	-69.79%	-16.38%	98.78%	85.51%	-8.38%	-9.15%	-30.85%	88.9%	-10.88%	-2341.45%	-14.38%	1091.79%	-73.9%	-90.71%	-107.71%	-1785.06%	-90.57%	115.29%	149.13%	-15.69%	211.45%	-7.09%
Net Earnings / Revenue	13.08%	19.14%	70.66%	81.95%	36.89%	21.13%	26.13%				38.09%	-14.32%	-59.11%	-6.72%
Basic Earnings Per Share	$1.69	$1.61	$4.64	$5.02	$2.44	$1.28	$1.36				$1.43	-$0.10	-$0.12	-$0.24
Diluted Earnings Per Share	$1.69	$1.602M	$4.61	$5.01	$2.44	$1.28	$1.36	$1.480M	$2.110M	$1.233M	$1.40	-$0.10	-$0.12	-$0.24	-$37.17K	-$400.0K	$5.208M	-$398.2K	-$4.261M	-$2.132M	-$1.911M	-$2.649M	-$1.440M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$257.4M	$287.4M	$317.0M	$317.0M	$337.0M	$237.0M	$178.0M	$190.0M	$201.0M	$207.0M	$201.0M	$111.0M	$2.000M	$2.000M	$2.000M	$0.00	$1.000M	$0.00	$1.453B	$1.416B	$864.0M	$897.0M	$370.0M
YoY Change	-10.42%	-9.34%	0.0%	-5.93%	42.19%	33.15%	-6.32%	-5.47%	-2.9%	2.99%	81.08%	5450.0%	0.0%	0.0%		-100.0%		-100.0%	2.61%	63.89%	-3.68%	142.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$46.81M	$58.05M	$30.00M	$14.00M	$30.00M	$32.00M	$42.00M	$82.00M	$71.00M	$43.00M	$40.00M			$9.000M	$12.00M	$15.00M	$22.00M	$0.00
YoY Change	-19.37%	93.5%	114.29%	-53.33%	-6.25%	-23.81%	-48.78%	15.49%	65.12%	7.5%				-25.0%	-20.0%	-31.82%
Total Long-Term Assets
YoY Change
Total Assets	$16.47B	$16.27B	$18.69B	$16.94B	$15.17B	$13.68B	$13.37B	$12.74B	$11.87B	$9.242B	$8.904B	$7.287B	$925.0M	$940.0M	$1.041B	$1.049B	$1.085B	$1.543B	$1.728B	$1.813B	$1.126B	$1.137B	$430.0M
YoY Change
Accounts Payable	$1.431B	$966.5M	$1.477B	$1.368B	$1.606B	$1.295B	$1.288B	$1.347B	$1.338B	$179.0M	$130.0M	$188.0M	$0.00	$9.000M	$8.000M	$9.000M	$13.00M	$4.000M	$33.00M	$37.00M	$20.00M	$19.00M	$5.000M
YoY Change	48.04%	-34.57%	7.97%	-14.82%	24.02%	0.54%	-4.38%	0.67%	647.49%	37.69%	-30.85%		-100.0%	12.5%	-11.11%	-30.77%	225.0%	-87.88%	-10.81%	85.0%	5.26%	280.0%
Accrued Expenses	$109.0M	$126.8M	$131.0M	$125.0M	$128.0M
YoY Change	-14.01%	-3.24%	4.8%	-2.34%
Deferred Revenue
YoY Change
Short-Term Debt	$934.9M	$1.023B	$956.0M	$776.0M	$868.0M	$947.0M	$1.189B	$571.0M	$477.0M	$388.0M	$342.0M	$728.0M	$0.00
YoY Change	-8.62%	7.02%	23.2%	-10.6%	-8.34%	-20.35%	108.23%	19.71%	22.94%	13.45%	-53.02%
Long-Term Debt Due	$1.163M	$1.280M	$1.000M	$1.000M
YoY Change	-9.14%	28.0%	0.0%
Total Short-Term Liabilities	$2.475B	$1.093B	$1.609B	$1.494B	$1.734B	$1.295B	$1.288B	$1.347B	$1.338B	$179.0M	$130.0M	$188.0M		$9.000M	$10.00M	$11.00M	$27.00M	$6.000M	$35.00M	$53.00M	$20.00M	$19.00M	$5.000M
YoY Change	126.36%	-32.06%	7.7%	-13.84%	33.9%	0.54%	-4.38%	0.67%	647.49%	37.69%	-30.85%			-10.0%	-9.09%	-59.26%	350.0%	-82.86%	-33.96%	165.0%	5.26%	280.0%
Long-Term Debt	$347.1M	$346.7M	$391.0M	$453.0M	$351.0M	$296.0M	$276.0M	$385.0M	$306.0M	$124.0M	$123.0M	$209.0M	$131.0M	$138.0M	$138.0M	$138.0M	$142.0M	$97.00M	$1.146B	$953.0M	$773.0M	$753.0M	$253.0M
YoY Change	0.14%	-11.34%	-13.69%	29.06%	18.58%	7.25%	-28.31%	25.82%	146.77%	0.81%	-41.15%	59.54%	-5.07%	0.0%	0.0%	-2.82%	46.39%	-91.54%	20.25%	23.29%	2.66%	197.63%
Other Long-Term Liabilities	$431.7M	$417.0M	$365.0M	$628.0M	$459.0M	$435.0M	$470.0M	$497.0M	$455.0M	$346.0M	$274.0M	$315.0M	$139.0M	$140.0M	$109.0M	$108.0M	$92.00M	$993.0M	$72.00M	$91.00M	$25.00M	$16.00M	$13.00M
YoY Change	3.51%	14.26%	-41.88%	36.82%	5.52%	-7.45%	-5.43%	9.23%	31.5%	26.28%	-13.02%	126.62%	-0.71%	28.44%	0.93%	17.39%	-90.74%	1279.17%	-20.88%	264.0%	56.25%	23.08%
Total Long-Term Liabilities	$778.8M	$763.7M	$756.0M	$1.081B	$810.0M	$731.0M	$746.0M	$882.0M	$761.0M	$470.0M	$397.0M	$524.0M	$270.0M	$278.0M	$247.0M	$246.0M	$234.0M	$1.090B	$1.218B	$1.044B	$798.0M	$769.0M	$266.0M
YoY Change	1.98%	1.02%	-30.06%	33.46%	10.81%	-2.01%	-15.42%	15.9%	61.91%	18.39%	-24.24%	94.07%	-2.88%	12.55%	0.41%	5.13%	-78.53%	-10.51%	16.67%	30.83%	3.77%	189.1%
Total Liabilities	$14.34B	$14.22B	$16.17B	$14.62B	$13.07B	$11.73B	$11.45B	$10.87B	$10.13B	$7.782B	$7.593B	$6.142B	$270.0M	$287.0M	$257.0M	$257.0M	$261.0M	$1.123B	$1.284B	$1.154B	$860.0M	$837.0M	$271.0M
YoY Change	0.86%	-12.02%	10.57%	11.87%	11.38%	2.44%	5.39%	7.29%	30.17%	2.49%	23.62%	2174.81%	-5.92%	11.67%	0.0%	-1.53%	-76.76%	-12.54%	11.27%	34.19%	2.75%	208.86%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	65.04M	70.43M	80.71M	89.28M	92.35M	94.97M	97.14M	98.40M	99.07M	89.71M	84.38M shares	58.75M shares	56.50M shares	56.49M shares
Diluted Shares Outstanding	65.05M	70.63M	81.17M	89.30M	92.39M	95.07M	97.35M				90.33M shares	58.75M shares	56.50M shares	56.49M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.1119 Billion

About Hilltop Holdings Inc

Hilltop Holdings, Inc. engages in the provision of business and consumer banking services. The company is headquartered in Dallas, Texas and currently employs 3,800 full-time employees. The company went IPO on 2004-02-12. The firm operates through three segments: banking, broker-dealer, and mortgage origination. The banking segment includes the operations of PlainsCapital Bank (the Bank). The banking segment primarily provides business and consumer banking services from offices located throughout Texas and generates revenue from its portfolio of earning assets. The broker-dealer segment includes the operations of Securities Holdings, which operates through its wholly owned subsidiaries, Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC. This segment offers investment advisory and securities brokerage services. The mortgage origination segment includes the operations of PrimeLending, which offers a variety of loan products. This segment includes origination and servicing of loans and selling these loans in the secondary market.

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