Hilltop Holdings (HTH) Q3 FY2023 earnings: revenue $312 million, down 5.4% on the year

Hilltop Holdings Inc. (HTH) reported revenue of $312 million for Q3 FY2023, the quarter ended 30 September 2023, down 5.4% on the same quarter a year earlier. Net income was $37 million, up 15.5% on the year, and diluted earnings per share $0.57. The figures are the company's own, from the 10-Q it filed with the SEC on 23 October 2023.

Revenue$312 milliondown 5.4%

Net income$37 millionup 15.5%

Diluted EPS$0.57

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	312	n/a	n/a	n/a
Interest expense	101	n/a	n/a	n/a
Pre-tax income	52.5	n/a	n/a	n/a
Income tax	13.2	n/a	n/a	n/a
Effective tax rate	25.2%	n/a	n/a
Net income	37.0	n/a	n/a	n/a
Net margin	11.9%	n/a	n/a
Diluted EPS	$0.57	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	504	n/a	n/a	n/a
Capital expenditure	2.5	n/a	n/a	n/a
Free cash flow	501	n/a	n/a	n/a
Cash from investing	235	n/a	n/a	n/a
Cash from financing	-809	n/a	n/a	n/a
Depreciation and amortisation	5.0	n/a	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	10.4	n/a	n/a	n/a
Dividend per share	$0.16	n/a	n/a	n/a
Diluted shares, weighted	65m	n/a	n/a	n/a
Shares outstanding at period end	65m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	2,080	n/a	n/a	n/a
Non-controlling interest	27.3	n/a	n/a	n/a
Deposits	11,103	n/a	n/a	n/a
Short-term borrowings	883	n/a	n/a	n/a
Debt	347	n/a	n/a	n/a
Other liabilities	1,957	n/a	n/a	n/a
Total liabilities and equity	16,397	n/a	n/a	n/a
Goodwill	267	n/a	n/a	n/a
Intangible assets	9.1	n/a	n/a	n/a
Securities held for sale or to maturity	2,281	n/a	n/a	n/a
Cash and equivalents	1,565	n/a	n/a	n/a
Other assets	12,274	n/a	n/a	n/a
Total assets	16,397	n/a	n/a	n/a

Questions

What was Hilltop Holdings' revenue in Q3 FY2023?

Hilltop Holdings (HTH) reported revenue of $312 million for Q3 FY2023, the quarter ended 30 September 2023, down 5.4% on the same quarter a year earlier.

How much did Hilltop Holdings earn in Q3 FY2023?

Net income for Q3 FY2023 was $37 million, up 15.5% on the year, and diluted earnings per share $0.57.

When did Hilltop Holdings report Q3 FY2023 results?

Hilltop Holdings filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 23 October 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	312	290	285	297	305	301	318	303	330	330	301	316
Interest expense	101	106	106	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	52.5	38.1	38.1	29.6	42.4	44.2	57.6	49.5	60.8	53.1	50.4	50.0
Tax rate	25%	19%	22%	23%	22%	14%	23%	23%	23%	19%	23%	24%
Net income	37.0	28.7	27.7	20.3	29.7	35.5	42.1	36.1	45.8	41.6	37.8	36.5
Net margin	12%	10%	10%	7%	10%	12%	13%	12%	14%	13%	13%	12%
Diluted EPS	$0.57	$0.44	$0.42	$0.31	$0.46	$0.55	$0.65	$0.57	$0.74	$0.69	$0.64	$0.63
Operating cash flow	504	263	70.8	-435	516	123	5.8	-235	273	-82.9	-127	-157
Capital expenditure	2.5	2.4	2.4	1.9	1.8	0.9	0.8	n/a	2.0	14.1	6.6	5.4
Free cash flow	501	261	68.4	-437	514	122	5.0	n/a	271	-97.0	-134	-163
Buybacks	0.0	0.6	9.9	9.9	0.0	0.0	33.3	34.9	55.0	60.8	47.5	47.0
Dividends paid	10.4	10.4	11.1	11.1	11.0	11.0	11.6	11.5	11.2	11.0	11.8	11.6
Shares outstanding	65m	65m	65m	65m	65m	65m	64m	63m	61m	60m	59m	57m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 23 October 2023, accession 0001558370-23-016627: the filing on EDGAR. All of Hilltop Holdings Inc.'s filings: EDGAR company page.

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