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Last $19.57 USD
Change Today -0.08 / -0.41%
Volume 180.4K
HTH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

hilltop holdings inc (HTH) Key Developments

Hilltop Holdings Inc. Announces Executive Changes

On April 13, 2015, Mr. Jess T. Hay, who served as a member of the board of directors of Hilltop Holdings Inc., passed away. Mr. Hay was an exceptional director who provided valuable insight and contributions to the board of directors and the company. Prior to the passing of Mr. Hay, Mr. J. Taylor Crandall was appointed to the board of directors of the company effective upon the creation of a vacancy on the board of directors, such as through a bylaws amendment to increase the number of directors. Accordingly, Mr. Crandall's appointment became effective on April 13, 2015. Mr. Crandall is expected to be appointed to the Nominating and Corporate Governance Committee of the board of directors. Mr. Crandall is a founding Managing Partner of Oak Hill Capital Management, LLC (OHCM) and has served OHCM (or its predecessors) since 1986.

Hilltop Holdings Announces $150 Million Offering of 5% Senior Notes Due 2025

Hilltop Holdings has priced a $150 million offering of 5% senior notes due 2025. The private offering was upsized from $125 million previously announced. Proceeds will be used to redeem all outstanding Non-Cumulative Perpetual Preferred Stock, Series B, valued at $114.1 million, plus accrued but unpaid dividends, and the remainder will be used for general corporate purposes. If necessary approvals are not received, the proceeds will be used entirely for general corporate purposes. The offering is expected to close on April 9, 2015.

Hilltop Holdings Inc. Announces Offering of $125 Million Aggregate Principal Amount of its Senior Notes Due 2025

Hilltop Holdings Inc. announced that it is offering $125 million aggregate principal amount of its senior notes due 2025. The senior notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside the United States under Regulation S of the Securities Act. The pricing and terms are to be determined. Subject to necessary approvals, Hilltop intends to use the net proceeds of the offering to redeem all of Hilltop’s outstanding Non-Cumulative Perpetual Preferred Stock, Series B at an aggregate liquidation value of $114.1 million, plus accrued but unpaid dividends, and the remainder for general corporate purposes. Pending the intended application of the net proceeds, they may be invested temporarily in short-term, interest bearing obligations. In the event that the necessary approvals are not received, the proceeds will be used for general corporate purposes. The senior notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Hilltop Holdings Eyes Acquisitions

Hilltop Holdings Inc. (NYSE:HTH) Chief Executive Officer Jeremy Ford said that the company will focus on mergers and acquisition opportunities in 2015.

Hilltop Holdings Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Hilltop Holdings Inc. Announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company produced income to common stockholders of $31.7 million, or $0.35 per diluted share, for the fourth quarter of 2014, compared to $29.5 million, or $0.34 per diluted share, for the fourth quarter of 2013. Income to common stockholders for the full year 2014 was $105.9 million, or $1.17 per diluted share, compared to $121.0 million, or $1.40 per diluted share, for the full year 2013. Annualized return on average assets and return on average equity for the fourth quarter of 2014 were 1.42% and 8.55%, respectively, compared to 1.31% and 9.31% for the fourth quarter of 2013, respectively. Net premiums earned were relatively flat at $41.6 million in the fourth quarter of 2014 compared to $41.5 million in the fourth quarter of 2013, a result of higher rates, offset by a managed reduction in policies in force. Interest income was $99,316,000, net interest income was $91,514,000, income before income taxes was $54,416,000, net income attributable to attributable to company was $33,141,000 or $0.35 diluted per share. For the year, the company reported the return on average assets and return on average equity for the full year 2014 were 1.26% and 8.01%, respectively, compared to 1.66% and 10.48% for the full year 2013, respectively. Interest income was $388,769,000, net interest income was $361,141,000, income before income taxes was $178,166,000, Net income attributable to attributable to company was $111,650,000 or $1.17 diluted per share. As on date, book value per share $14.93.

 

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HTH

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Valuation HTH Industry Range
Price/Earnings 16.8x
Price/Sales 1.5x
Price/Book 1.3x
Price/Cash Flow 17.6x
TEV/Sales 0.4x
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