Hilltop Holdings: Q1 Earnings Snapshot
DALLAS (AP) _ Hilltop Holdings Inc. (HTH) on Thursday reported first-quarter earnings of $120.3 million.
The bank, based in Dallas, said it had earnings of $1.46 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The insurance holding compnay posted revenue of $564.5 million in the period. Its revenue net of interest expense was $523.3 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $475 million.
Hilltop Holdings shares have increased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.85, more than doubling in the last 12 months.