Financial holding company Hilltop Holdings (NYSE: HTH) missed Wall Street’s revenue expectations in Q1 CY2026, but sales rose 5.2% year on year to $300.5 million. Its GAAP profit of $0.64 per share was 30.6% above analysts’ consensus estimates.
Is now the time to buy Hilltop Holdings? Find out by accessing our full research report, it’s free.
Hilltop Holdings (HTH) Q1 CY2026 Highlights:
- Net Interest Income: $112.1 million vs analyst estimates of $110.2 million (6.6% year-on-year growth, 1.7% beat)
- Net Interest Margin: 3.1% vs analyst estimates of 3% (13.5 basis point beat)
- Revenue: $300.5 million vs analyst estimates of $302.6 million (5.2% year-on-year growth, 0.7% miss)
- Efficiency Ratio: 55.5% vs analyst estimates of 85.3% (2,977.5 basis point beat)
- EPS (GAAP): $0.64 vs analyst estimates of $0.49 (30.6% beat)
- Tangible Book Value per Share: $36.63 vs analyst estimates of $32.08 (22% year-on-year growth, 14.2% beat)
- Market Capitalization: $2.23 billion
Company Overview
Transformed from a residential communities business to a financial services powerhouse in 2007, Hilltop Holdings (NYSE: HTH) is a Texas-based financial holding company that provides banking, broker-dealer, and mortgage origination services.
Sales Growth
Net interest income and and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Hilltop Holdings struggled to consistently generate demand over the last five years as its revenue dropped at a 11% annual rate. This was below our standards and suggests it’s a low quality business.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Hilltop Holdings’s annualized revenue growth of 2.3% over the last two years is above its five-year trend, which is encouraging. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Hilltop Holdings’s revenue grew by 5.2% year on year to $300.5 million, missing Wall Street’s estimates.
Net interest income made up 34.6% of the company’s total revenue during the last five years, meaning Hilltop Holdings is well diversified and has a variety of income streams driving its overall growth. Nevertheless, net interest income is critical to analyze for banks because they’re considered a higher-quality, more recurring revenue source by investors.
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
Tangible Book Value Per Share (TBVPS)
Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions.
When analyzing banks, tangible book value per share (TBVPS) takes precedence over many other metrics. This measure isolates genuine per-share value by removing intangible assets of debatable liquidation worth. On the other hand, EPS is often distorted by mergers and flexible loan loss accounting. TBVPS provides clearer performance insights.
Hilltop Holdings’s TBVPS grew at an impressive 7.2% annual clip over the last five years. TBVPS growth has also accelerated recently, growing by 13.5% annually over the last two years from $28.44 to $36.63 per share.
Over the next 12 months, Consensus estimates call for Hilltop Holdings’s TBVPS to shrink by 9.5% to $33.15, a sour projection.
Key Takeaways from Hilltop Holdings’s Q1 Results
It was good to see Hilltop Holdings beat analysts’ EPS expectations this quarter. We were also excited its tangible book value per share outperformed Wall Street’s estimates by a wide margin. On the other hand, its revenue slightly missed. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $38.00 immediately after reporting.
Should you buy the stock or not? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).
