Recent Insider Transactions • Aug 18
Independent Director recently sold €685k worth of stock On the 14th of August, Rhodes Bobbitt sold around 20k shares on-market at roughly €34.25 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.1m. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Recent Insider Transactions • Aug 06
Independent Director recently sold €1.1m worth of stock On the 5th of August, Rhodes Bobbitt sold around 33k shares on-market at roughly €34.71 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Declared Dividend • Jul 27
Second quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 7th August 2026 Payment date: 21st August 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.5% over the next year. However, it would need to fall by 69% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 25
Second quarter 2026 earnings released: EPS: US$0.63 (vs US$0.57 in 2Q 2025) Second quarter 2026 results: EPS: US$0.63 (up from US$0.57 in 2Q 2025). Revenue: US$316.8m (up 2.0% from 2Q 2025). Net income: US$36.5m (up 1.2% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Diamond HTH Stock Company GP, LLC Issues a Letter to Hilltop Holdings Inc On July 22, 2026, Diamond HTH Stock Company GP, LLC announced that it delivered proxies on July 16, 2026, for the upcoming annual meeting of Hilltop shareholders, currently scheduled for July 23, 2026, to vote approximately 15,632,396 shares of Common Stock held by them as follows: (i) "withhold" with respect to all nominees for director recommended by the Board up for election at the Annual Meeting; (ii) "against" the non-binding advisory vote to approve executive compensation; and (iii) "abstain" from the ratification of the appointment of the Company's independent registered public accounting firm for 2026. Announcement • Jul 15
Hilltop Holdings Inc. to Report Q2, 2026 Results on Jul 24, 2026 Hilltop Holdings Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 24, 2026 Recent Insider Transactions • May 29
Independent Director recently sold €651k worth of stock On the 27th of May, Rhodes Bobbitt sold around 20k shares on-market at roughly €32.56 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €299k more than they sold in the last 12 months. Recent Insider Transactions • May 20
Independent Director recently sold €318k worth of stock On the 13th of May, Rhodes Bobbitt sold around 10k shares on-market at roughly €31.81 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €950k more than they sold in the last 12 months. Announcement • May 04
Hilltop Holdings Inc., Annual General Meeting, Jul 23, 2026 Hilltop Holdings Inc., Annual General Meeting, Jul 23, 2026. Announcement • Oct 25
Hilltop Holdings Inc. announces Quarterly dividend, payable on November 21, 2025 Hilltop Holdings Inc. announced Quarterly dividend of USD 0.1800 per share payable on November 21, 2025, ex-date on November 07, 2025 and record date on November 07, 2025. Announcement • Aug 30
Hilltop Holdings Inc. Announces Board Changes On August 27, 2025, Tracy A. Bolt and A. Haag Sherman resigned from the Board of Directors of Hilltop Holdings Inc. (Company) effective immediately. The resignations of Messrs. Bolt and Sherman were not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On August 29, 2025, the Board of Directors of the Company appointed J. Taylor Crandall as the Lead Independent Director of the Board of Directors of the Company. Announcement • Jul 25
Hilltop Holdings Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2025 Hilltop 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. Announcement • May 01
Hilltop Holdings Inc., Annual General Meeting, Jul 24, 2025 Hilltop Holdings Inc., Annual General Meeting, Jul 24, 2025. Recent Insider Transactions • Nov 12
Insider recently sold €933k worth of stock On the 7th of November, Martin Winges sold around 31k shares on-market at roughly €30.23 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Declared Dividend • Oct 28
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 8th November 2024 Payment date: 22nd November 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 8 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€1.1m sold). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.46 (vs US$0.57 in 3Q 2023) Third quarter 2024 results: EPS: US$0.46 (down from US$0.57 in 3Q 2023). Revenue: US$306.8m (down 1.9% from 3Q 2023). Net income: US$29.7m (down 20% from 3Q 2023). Profit margin: 9.7% (down from 12% in 3Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Sep 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €30.00. The fair value is estimated to be €24.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 49%. Revenue is forecast to grow by 2.5% in a year. Earnings are forecast to decline by 16% in the next year. New Risk • Sep 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€1.2m sold). Recent Insider Transactions • Sep 05
Insider recently sold €1.1m worth of stock On the 30th of August, Hillel Feinberg sold around 37k shares on-market at roughly €29.72 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.2m more than they bought in the last 12 months. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.8%). Declared Dividend • Jul 29
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 8 years and payments have been stable during that time. EPS is expected to decline by 4.7% over the next year. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.31 (vs US$0.28 in 2Q 2023) Second quarter 2024 results: EPS: US$0.31 (up from US$0.28 in 2Q 2023). Revenue: US$286.0m (down 2.7% from 2Q 2023). Net income: US$20.3m (up 12% from 2Q 2023). Profit margin: 7.1% (up from 6.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 26
Hilltop Holdings Inc. Declares Quarterly Cash Dividend, Payable on August 30, 2024 Hilltop Holdings Inc. also announced that its Board of Directors declared a quarterly cash dividend of $0.17 per common share payable on August 30, 2024, to all common stockholders of record as of the close of business on August 16, 2024. Buy Or Sell Opportunity • Jul 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €31.60. The fair value is estimated to be €25.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 0.06% in a year. Earnings are forecast to decline by 18% in the next year. Buy Or Sell Opportunity • Jul 02
Now 18% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to €28.60. The fair value is estimated to be €24.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 17% in the next year. Buy Or Sell Opportunity • Jun 28
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €28.60. The fair value is estimated to be €23.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 17% in the next year. Buy Or Sell Opportunity • May 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to €28.60. The fair value is estimated to be €23.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 17% in the next year. Buy Or Sell Opportunity • May 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to €29.00. The fair value is estimated to be €24.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 17% in the next year. Announcement • May 01
Hilltop Holdings Inc., Annual General Meeting, Jul 25, 2024 Hilltop Holdings Inc., Annual General Meeting, Jul 25, 2024, at 10:00 Central Standard Time. Agenda: To consider Elect sixteen directors to serve on Board of Directors until the 2025 annual meeting of stockholders or until their successors are duly elected and qualified; to consider Conduct a non-binding advisory vote to approve executive compensation; to consider Ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024; and to consider Transact any other business that may properly come before the meeting and any adjournments or postponements of the meeting. Declared Dividend • Apr 23
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 1.3% over the next year. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. New Risk • Apr 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€942k sold). Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: US$0.42 (vs US$0.40 in 1Q 2023) First quarter 2024 results: EPS: US$0.42 (up from US$0.40 in 1Q 2023). Revenue: US$288.1m (up 2.2% from 1Q 2023). Net income: US$27.7m (up 7.2% from 1Q 2023). Profit margin: 9.6% (in line with 1Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 19
Hilltop Holdings Inc. Declares Quarterly Cash Dividend, Payable on May 24, 2024 Hilltop Holdings Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.17 per common share payable on May 24, 2024, to all common stockholders of record as of the close of business on May 10, 2024. Recent Insider Transactions • Mar 03
Insider recently sold €855k worth of stock On the 23rd of February, Martin Winges sold around 30k shares on-market at roughly €28.50 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Upcoming Dividend • Feb 02
Upcoming dividend of US$0.17 per share at 2.2% yield Eligible shareholders must have bought the stock before 09 February 2024. Payment date: 28 February 2024. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.2%). Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$1.69 (vs US$1.61 in FY 2022) Full year 2023 results: EPS: US$1.69. Revenue: US$1.18b (down 8.2% from FY 2022). Net income: US$109.6m (down 3.1% from FY 2022). Profit margin: 9.3% (up from 8.8% in FY 2022). The increase in margin was driven by lower expenses. Cost-to-income ratio: 86.0% (up from 50.8% in FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Jan 28
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 9th February 2024 Payment date: 28th February 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (39% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 9.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.16 per share at 2.2% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.4%). Announcement • Oct 26
Hilltop Holdings Inc. Announces Resignation of Andrew J. Littlefair as Board of Director Hilltop Holdings Inc. announced on October 19, 2023, Andrew J. Littlefair resigned from the Board of Directors of Hilltop Holdings Inc. (the “Company”) effective immediately. Mr. Littlefair’s resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: US$0.57 (vs US$0.50 in 3Q 2022) Third quarter 2023 results: EPS: US$0.57 (up from US$0.50 in 3Q 2022). Revenue: US$312.5m (down 5.6% from 3Q 2022). Net income: US$37.0m (up 16% from 3Q 2022). Profit margin: 12% (up from 9.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.16 per share at 2.1% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.0%). Announcement • Jul 23
Hilltop Holdings Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2023, Payable on August 25, 2023 Hilltop Holdings Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on August 25, 2023, to all common stockholders of record as of the close of business on August 11, 2023. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$0.28 (vs US$0.45 in 2Q 2022) Second quarter 2023 results: EPS: US$0.28 (down from US$0.45 in 2Q 2022). Revenue: US$294.1m (down 15% from 2Q 2022). Net income: US$18.1m (down 46% from 2Q 2022). Profit margin: 6.2% (down from 9.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • May 02
Upcoming dividend of US$0.16 per share at 2.1% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.1%). Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.28 in 1Q 2022) First quarter 2023 results: EPS: US$0.40 (up from US$0.28 in 1Q 2022). Revenue: US$281.9m (down 11% from 1Q 2022). Net income: US$25.8m (up 16% from 1Q 2022). Profit margin: 9.2% (up from 7.0% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 17
Insider recently sold €914k worth of stock On the 8th of March, Hillel Feinberg sold around 30k shares on-market at roughly €30.46 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.3m. Insiders have been net sellers, collectively disposing of €3.7m more than they bought in the last 12 months. Recent Insider Transactions • Mar 04
President & CEO of Plainscapital Bank recently sold €1.3m worth of stock On the 24th of February, Jerry Schaffner sold around 40k shares on-market at roughly €31.59 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Upcoming Dividend • Feb 02
Upcoming dividend of US$0.16 per share at 1.9% yield Eligible shareholders must have bought the stock before 09 February 2023. Payment date: 24 February 2023. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Reported Earnings • Jan 28
Full year 2022 earnings released: EPS: US$1.61 (vs US$4.64 in FY 2021) Full year 2022 results: EPS: US$1.61 (down from US$4.64 in FY 2021). Revenue: US$1.28b (down 32% from FY 2021). Net income: US$113.1m (down 70% from FY 2021). Profit margin: 8.8% (down from 20% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Jan 04
Hilltop Holdings Inc. Announces Executive changes Hilltop Securities Inc. (HilltopSecurities) announced the addition of investment bankers to its Public Finance division in New York City, San Francisco, and Sherman Oaks, California. The team includes Fred Prager, David Hetz, Rochelle Powell and Ian Prager. Led by Fred Prager, the team is one of the nation’s top providers of public finance services to higher education institutions, with a broad range of expertise across multiple other sectors including healthcare, public power, and non-profit institutions. Fred Prager joins HilltopSecurities as Senior Managing Director in New York City and brings more than 40 years of experience to his new role. Prior to founding Prager & Co. in 1987, he managed L.F. Rothschild & Co.’s West Coast public finance business. Hetz joins HilltopSecurities as Senior Managing Director in New York City and brings more than 40 years of experience to his new role. Prior to joining HilltopSecurities, he served as managing director and CEO of Prager & Co. He also has served as vice chair of Cain Brothers & Co., a leading healthcare investment banking firm, and as co-founder and managing partner of Cutlass Capital. Powell joins HilltopSecurities as Managing Director in New York City and brings more than 25 years of experience to her new role. Prior to joining Prager & Co., she served as senior vice president in the public finance department of Greenwich Partners, a regional investment banking firm in the northeast. Ian Prager joins HilltopSecurities as Managing Director in San Francisco. He joined Prager & Co. in 2005 where he provided quantitative, analytic, and strategic support for many of the firms public and private higher education clients. Prior to his time there, he spent seven years with Lockheed Martin in numerous roles. Recent Insider Transactions • Dec 04
Insider recently sold €281k worth of stock On the 1st of December, Hillel Feinberg sold around 10k shares on-market at roughly €28.13 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 25
Executive VP & Chief Accounting Officer recently sold €85k worth of stock On the 22nd of November, Keith Bornemann sold around 3k shares on-market at roughly €28.43 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.2m more than they bought in the last 12 months. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.6%). Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$0.50 (vs US$1.16 in 3Q 2021) Third quarter 2022 results: EPS: US$0.50 (down from US$1.16 in 3Q 2021). Revenue: US$331.2m (down 31% from 3Q 2021). Net income: US$32.1m (down 66% from 3Q 2021). Profit margin: 9.7% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Announcement • Oct 21
Hilltop Holdings Inc. Declares Quarterly Cash Dividend, Payable on November 25, 2022 Hilltop Holdings Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on November 25, 2022, to all common stockholders of record as of the close of business on November 11, 2022. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (7.1%). Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$0.45 (vs US$1.21 in 2Q 2021) Second quarter 2022 results: EPS: US$0.45 (down from US$1.21 in 2Q 2021). Revenue: US$346.0m (down 27% from 2Q 2021). Net income: US$33.3m (down 66% from 2Q 2021). Profit margin: 9.6% (down from 21% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 16% compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Hilltop Holdings Inc. Declares Quarterly Cash Dividend, Payable on August 26, 2022 Hilltop Holdings Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on August 26, 2022, to all common stockholders of record as of the close of business on August 12, 2022. Upcoming Dividend • May 05
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.5%). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.28 (vs US$1.47 in 1Q 2021) First quarter 2022 results: EPS: US$0.28 (down from US$1.47 in 1Q 2021). Revenue: US$316.3m (down 40% from 1Q 2021). Net income: US$22.3m (down 82% from 1Q 2021). Profit margin: 7.0% (down from 23% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 19% compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 23
First quarter 2022 earnings released: EPS: US$0.28 (vs US$1.47 in 1Q 2021) First quarter 2022 results: EPS: US$0.28 (down from US$1.47 in 1Q 2021). Revenue: US$316.3m (down 40% from 1Q 2021). Net income: US$22.3m (down 82% from 1Q 2021). Profit margin: 7.0% (down from 23% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 19% compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Hilltop Holdings Declares Dividend Payable on May 27, 2022 Hilltop Holdings Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on May 27, 2022, to all common stockholders of record as of the close of business on May 13, 2022. Recent Insider Transactions • Feb 26
Insider recently sold €668k worth of stock On the 24th of February, Martin Winges sold around 25k shares on-market at roughly €26.72 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €19m more than they bought in the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 14 February 2022. Payment date: 28 February 2022. Payout ratio is a comfortable 10% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.8%). Reported Earnings • Jan 30
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$4.64 (up from US$4.59 in FY 2020). Revenue: US$1.89b (down 6.3% from FY 2020). Net income: US$374.5m (down 8.5% from FY 2020). Profit margin: 20% (in line with FY 2020). Net interest margin (NIM): 2.58% (down from 2.85% in FY 2020). Cost-to-income ratio: 50.3% (down from 53.8% in FY 2020). Revenue missed analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 20% compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 10
Insider recently sold €314k worth of stock On the 6th of December, Hillel Feinberg sold around 10k shares on-market at roughly €31.35 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Recent Insider Transactions • Nov 07
Executive VP & Chief Accounting Officer recently sold €96k worth of stock On the 3rd of November, Keith Bornemann sold around 3k shares on-market at roughly €31.89 per share. In the last 3 months, there was an even bigger sale from another insider worth €846k. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Upcoming Dividend • Nov 05
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 30 November 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$1.16 (vs US$1.69 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$478.9m (down 21% from 3Q 2020). Net income: US$92.9m (down 39% from 3Q 2020). Profit margin: 19% (down from 25% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 21
President & CEO of Plainscapital Bank recently sold €846k worth of stock On the 17th of August, Jerry Schaffner sold around 30k shares on-market at roughly €28.20 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$1.21 (vs US$1.08 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$476.5m (down 5.9% from 2Q 2020). Net income: US$99.1m (up 1.4% from 2Q 2020). Profit margin: 21% (up from 19% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 26
Insider recently sold €584k worth of stock On the 20th of May, Hillel Feinberg sold around 20k shares on-market at roughly €29.21 per share. In the last 3 months, there was an even bigger sale from another insider worth €15m. Insiders have been net sellers, collectively disposing of €17m more than they bought in the last 12 months. Upcoming Dividend • May 06
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 28 May 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS US$1.47 (vs US$0.51 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$528.4m (up 52% from 1Q 2020). Net income: US$120.3m (up 159% from 1Q 2020). Profit margin: 23% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 
