Last $18.24 USD
Change Today -0.23 / -1.25%
Volume 306.7K
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As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

hilltop holdings inc (HTH) Key Developments

SWS Group Inc., Hilltop Holdings Inc., Peruna LLC and the Individual Members Make Supplemental Disclosures on Merger to Settle Purported Class-Action Suit

SWS Group Inc. on November 13, 2014 entered into a memorandum of understanding, subject to final approval by the Delaware Court of Chancery, to settle a consolidated purported class-action complaint against the company, Hilltop Holdings Inc., Peruna LLC and the individual members of the SWS board related to the proposed merger of SWS with and into Hilltop unit Peruna. The consolidated action generally alleges claims for breach of fiduciary duty by the individual directors of SWS and claims against Hilltop for aiding and abetting that breach of fiduciary duty. The complaint further alleges that the proxy statement and prospectus filed by Hilltop on May 29, 2014 omits or misstates certain material information. The consolidated action requests, among other things, that the merger be enjoined. Pursuant to the memorandum of understanding, and without admitting any wrongdoing or that the supplemental disclosures are material or required to be made, the defendants agreed to make certain supplemental disclosures requested by plaintiffs in the consolidated action. The defendants believe that the allegations and claims in the litigation are without merit and, if the settlement does not receive final approval, plan to defend them vigorously. Defendants are entering into the settlement solely to eliminate the burden and expense of further litigation and to put the claims that were or could have been asserted to rest. The settlement will not affect the timing of the merger or the amount of consideration to be paid in the merger.

Hilltop Holdings Inc. Announces Earnings Results for the Third Quarter Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014

Hilltop Holdings Inc. announced earnings results for the third quarter ended September 30, 2014. For the quarter, interest income was $93,217,000 against $79,702,000 a year ago. Net interest income was $85,760,000 against $71,916,000 a year ago, a 19.3% increase primarily due to the inclusion of operations associated with the assumption of substantially all of the liabilities and acquisition of substantially all of the assets of Edinburg. Income before income taxes was $39,118,000 against $59,761,000 a year ago. Net income applicable to the company’s common stockholders was $23,386,000 or $0.26 per basic and diluted share against $38,174,000 or $0.43 per diluted share a year ago. Return on average assets was 1.03% against 2.08% a year ago. Return on average stockholders equity was 6.51% against 12.73% a year ago. Book value per share was $14.51 against $13.00 a year ago. Net insurance premiums earned increased to $41.8 million in the third quarter of 2014 from $40.0 million in the third quarter of 2013, which was primarily due to increases in net insurance premiums written during 2013. Net interest income after provision for loan losses was $81,727,000 against $61,258,000 a year ago. Net charge-offs on non-covered loans for the third quarter of 2014 were $1.6 million, and the allowance for non-covered loan losses was $39.0 million, or 1.04% of total non-covered loans at September 30, 2014.

Hilltop Holdings Inc. to Report Q3, 2014 Results on Nov 04, 2014

Hilltop Holdings Inc. announced that they will report Q3, 2014 results on Nov 04, 2014

Hilltop Holdings Inc., Q3 2014 Earnings Call, Nov 04, 2014

Hilltop Holdings Inc., Q3 2014 Earnings Call, Nov 04, 2014

Hilltop Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014

Hilltop Holdings Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported net interest income of $98,446,000 against $68,425,000 a year ago. Income before income taxes was $44,982,000 against $35,969,000 a year ago. Income attributable to parent company was $28,511,000 against $22,092,000 a year ago. Diluted earnings per share were $0.30 against $0.24 a year ago. Return on average stockholders' equity was 7.99 % against 7.29 % a year ago. Return on average assets was 1.24% against 1.24 % a year ago. Book value per share was $14.22 against $12.59 a year ago.

 

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