Financial holding company Hilltop Holdings (NYSE:HTH) will be reporting earnings this Thursday after market hours. Here’s what you need to know.
Hilltop Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $316.7 million, up 7.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ net interest income estimates.
Is Hilltop Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hilltop Holdings’s revenue to decline 3.2% year on year, a reversal from the 7.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hilltop Holdings has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hilltop Holdings’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. QCR Holdings’s revenues decreased 11.7% year on year, missing analysts’ expectations by 8.9%, and Washington Trust Bancorp reported revenues up 15%, topping estimates by 4.1%. Washington Trust Bancorp traded up 4.2% following the results.
Read our full analysis of QCR Holdings’s results here and Washington Trust Bancorp’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Hilltop Holdings is down 5.3% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $36.71).
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