The firm maintains a stable capital structure with an equity-to-assets ratio consistently held at 0.14, though the $12.0 billion investment securities portfolio as of 2025Q4 introduces significant duration risk.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Cash & Short Term Investments | 8.93B | 3.19B | 3.7B | 3.37B | 3.24B | 4.95B | 2.52B | 1.35B | 1.52B | 1.23B | 1.27B | 1.33B | 1.71B | 1.92B | 1.71B | 802.72M | 649.44M | 790.01M | 749.38M | 783.01M | 29.28M | 27.93M | 39.8M | 26.63M | 34.32M | 21.37M | 37.34M | 19.66M |
| Cash & Due from Banks | 874.19M | 1.23B | 2.3B | 1.86B | 1.58B | 2.82B | 1.06B | 433.63M | 644.07M | 486.98M | 669.36M | 652.04M | 782.47M | 713.1M | 720.74M | 578.52M | 649.44M | 790.01M | 749.38M | 783.01M | 29.28M | 27.93M | 39.8M | 26.63M | 34.32M | 21.37M | 37.34M | 19.66M |
| Short Term Investments | 0 | 1.96B | 1.4B | 1.51B | 1.66B | 2.13B | 1.46B | 911.49M | 875.66M | 744.32M | 598.01M | 673.71M | 925.53M | 1.2B | 990.95M | 224.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 12.01B | 10.84B | 11.23B | 11.51B | 12.07B | 12.11B | 10.97B | 9.51B | 9.23B | 8.79B | 8.08B | 6.87B | 6.78B | 5.54B | 224.2M | 154.71M | 136.1M | 145.1M | 197.95M | 3.66M | 51.25M | 45.42M | 44.34M | 0 | 0 | 0 | 0 |
| Investments Growth % | -90.8% | 10.74% | -3.47% | -2.45% | -4.57% | -0.34% | 10.33% | 15.38% | 3.05% | 4.99% | 8.79% | 17.53% | 1.42% | 22.33% | 2371.65% | 44.92% | 13.67% | -6.2% | -26.7% | 5303.99% | -92.85% | 12.84% | 2.45% | - | - | - | - | - |
| Long-Term Investments | 29.75B | 10.05B | 9.45B | 9.73B | 9.86B | 9.93B | 10.64B | 10.06B | 8.63B | 8.48B | 8.19B | 7.41B | 5.95B | 5.58B | 4.55B | 0 | 154.71M | 136.1M | 145.1M | 197.95M | 3.66M | 51.25M | 45.42M | 44.34M | 0 | 0 | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.52M | 1.49M | 20.46M | 21.29M | -25.25M | 37.36M | 18.8M | 8.39M | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 272.81M | 273.05M | 279.8M | 372.57M | 379.59M | 369.72M | 431.55M | 349.62M | 329.44M | 288.24M | 296.5M | 306.68M | 311.59M | 342.88M | 333.59M | 33.06M | 34.59M | 36.23M | 37.99M | 39.49M | 6.46M | 12.06M | 104.37M | 97.11M | 0 | 0 | 0 | 0 |
| Goodwill | 267.45M | 267.45M | 267.45M | 267.45M | 267.45M | 267.45M | 267.45M | 267.45M | 291.44M | 251.81M | 251.81M | 251.81M | 251.81M | 251.81M | 253.77M | 23.99M | 23.99M | 23.99M | 23.99M | 23.61M | 0 | 0 | 85.26M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.37M | 5.61M | 12.36M | 105.12M | 112.14M | 102.27M | 164.11M | 82.17M | 38.01M | 36.43M | 44.7M | 54.87M | 59.78M | 91.07M | 79.82M | 9.07M | 10.6M | 12.24M | 14M | 15.88M | 6.46M | 12.06M | 19.11M | 97.11M | 0 | 0 | 0 | 0 |
| PP&E (Net) | 331.56M | 316.73M | 238.81M | 257.44M | 287.39M | 316.77M | 317.35M | 324.69M | 237.37M | 177.58M | 190.36M | 200.62M | 206.99M | 200.71M | 111.38M | 2.13M | 2.02M | 1.84M | 350K | 533K | 1.51B | 1.45B | 1.59B | 863.51M | 0 | 0 | 0 | 185.94M |
| Other Assets | 0 | -10.05B | 1.16B | 1.17B | 1.46B | 1.44B | 1.62B | 1.31B | 1.52B | 1.72B | 1.29B | 1.26B | 898.58M | 723.63M | 408.23M | 28.91M | 65.76M | 40.39M | 55.93M | 21M | 0 | 146.79M | 17.71M | 85.85M | 0 | 0 | 0 | 0 |
| Total Current Assets | 874.19M | 1.23B | 5.15B | 4.94B | 4.28B | 6.63B | 3.93B | 3.13B | 2.96B | 2.72B | 2.77B | 2.69B | 1.88B | 2.06B | 1.9B | 852.97M | 673.45M | 813.15M | 794.44M | 805.79M | 29.28M | 65.29M | 58.6M | 35.02M | 34.32M | 21.37M | 37.34M | 19.66M |
| Total Non-Current Assets | 604.37M | 589.78M | 11.12B | 11.53B | 11.98B | 12.06B | 13.01B | 12.05B | 10.72B | 10.67B | 9.97B | 9.18B | 7.37B | 6.84B | 5.4B | 72.45M | 266.19M | 226.1M | 254.33M | 281.2M | 1.51B | 1.66B | 1.75B | 1.09B | 0 | 0 | 0 | 185.94M |
| Total Assets | 15.7B | 15.84B | 16.27B | 16.47B | 16.27B | 18.69B | 16.94B | 15.18B | 13.68B | 13.37B | 12.74B | 11.87B | 9.24B | 8.9B | 7.29B | 925.42M | 939.64M | 1.04B | 1.05B | 1.09B | 1.54B | 1.73B | 1.81B | 1.13B | 1.14B | 429.98M | 343.18M | 240.82M |
| Asset Growth % | -6.97% | -2.6% | -1.21% | 1.22% | -12.96% | 10.3% | 11.64% | 10.92% | 2.32% | 4.98% | 7.34% | 28.4% | 3.81% | 22.18% | 687.41% | -1.51% | -9.72% | -0.76% | -3.38% | -29.64% | -10.75% | -4.66% | 61.04% | -0.94% | 164.32% | 25.29% | 42.5% | - |
| Return on Assets (ROA) | 1.04% | 1.03% | 0.69% | 0.67% | 0.65% | 2.1% | 2.79% | 1.56% | 0.9% | 1.02% | 1.19% | 2% | 1.23% | 1.55% | -0.14% | -0.7% | -0.06% | -0.2% | -2.12% | 22.31% | -1.06% | -10.42% | -5.83% | -3.04% | -5.21% | -3.39% | -4.83% | -3.69% |
| Accounts Payable | 0 | 1.52B | 1.33B | 1.43B | 966.47M | 1.48B | 1.37B | 1.61B | 1.29B | 1.29B | 1.35B | 1.34B | 179.04M | 129.68M | 187.99M | 0 | 0 | 0 | 0 | 190K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 1.14B | 926.75M | 1.35B | 1.39B | 1.5B | 1.47B | 1.35B | 1.9B | 1.44B | 1.72B | 1.96B | 1.38B | 886.44M | 465.43M | 936.8M | 131.45M | 138.35M | 138.35M | 138.37M | 142.37M | 96.6M | 1.15B | 1B | 773.39M | 0 | 0 | 0 | 0 |
| Net Debt | 265.26M | -305.19M | -950.95M | -467.64M | -83.02M | -1.35B | 287.48M | 1.48B | 799.28M | 1.23B | 1.29B | 731.11M | 103.97M | -247.67M | 214.76M | -447.07M | -511.09M | -651.66M | -611.01M | -640.64M | 67.32M | 1.13B | 961.82M | 746.76M | -34.32M | -21.37M | -37.34M | -19.66M |
| Long-Term Debt | 148.65M | 148.59M | 347.67M | 347.14M | 346.65M | 346.19M | 412.76M | 244.63M | 247.51M | 262.37M | 365.42M | 298.73M | 118.7M | 121.34M | 208.55M | 111.45M | 138.35M | 138.35M | 138.37M | 142.37M | 96.6M | 1.15B | 1B | 773.39M | 0 | 0 | 0 | 0 |
| Short-Term Debt | 990.81M | 706.88M | 891.26M | 934.91M | 1.02B | 997.74M | 811.82M | 1.55B | 1.2B | 1.45B | 1.59B | 1.08B | 767.74M | 344.09M | 728.25M | 20M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 12.39B | 8.32B | 304.57M | 431.68M | 417.04M | 369.61M | 632.89M | 489.19M | 435.24M | 470.23M | 496.5M | 454.74M | 345.8M | 274.18M | 315.06M | 130.47M | 139.56M | 108.53M | 107.92M | 91.96M | 994.57M | 71.56M | -902.67M | 44.45M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 990.81M | 5.07B | 13.29B | 13.43B | 13.31B | 15.29B | 13.42B | 12.18B | 11.03B | 10.72B | 10B | 9.38B | 7.32B | 7.2B | 5.62B | 28.12M | 8.68M | 10.1M | 11.03M | 26.97M | 4.16M | 34.59M | 1.06B | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 12.54B | 8.58B | 761.34M | 887.83M | 890.46M | 846.76M | 1.17B | 859.44M | 682.75M | 732.6M | 861.92M | 753.47M | 464.5M | 395.52M | 523.61M | 241.92M | 277.91M | 246.88M | 246.29M | 234.33M | 1.09B | 1.22B | 98.95M | 817.85M | 0 | 0 | 0 | 0 |
| Total Liabilities | 13.53B | 13.65B | 14.05B | 14.32B | 14.2B | 16.14B | 14.59B | 13.05B | 11.71B | 11.46B | 10.86B | 10.13B | 7.78B | 7.59B | 6.14B | 270.04M | 286.59M | 256.98M | 257.31M | 261.31M | 1.1B | 1.25B | 1.15B | 817.85M | 0 | 0 | 0 | 0 |
| Total Equity | 2.17B | 2.2B | 2.22B | 2.15B | 2.07B | 2.55B | 2.35B | 2.13B | 1.97B | 1.91B | 1.87B | 1.74B | 1.46B | 1.31B | 1.15B | 655.38M | 653.05M | 783.78M | 791.46M | 824.18M | 447.38M | 476M | 715.71M | 307.98M | 299.76M | 158.77M | 138.19M | 88.44M |
| Equity Growth % | 0.04% | -0.93% | 3.16% | 3.78% | -18.72% | 8.45% | 10.42% | 7.85% | 3.09% | 2.15% | 7.85% | 18.95% | 11.38% | 14.42% | 74.94% | 0.36% | -16.68% | -0.97% | -3.97% | 84.23% | -6.01% | -33.49% | 132.38% | 2.74% | 88.8% | 14.89% | 56.25% | - |
| Equity / Assets (Capital Ratio) | 13.84% | 13.87% | 13.64% | 13.06% | 12.74% | 13.64% | 13.87% | 14.03% | 14.43% | 14.32% | 14.72% | 14.65% | 15.81% | 14.74% | 15.73% | 70.82% | 69.5% | 75.31% | 75.47% | 75.93% | 29% | 27.54% | 39.48% | 27.36% | 26.38% | 36.93% | 40.27% | 36.72% |
| Return on Equity (ROE) | 7.37% | 7.5% | 5.18% | 5.19% | 4.9% | 15.29% | 20% | 10.98% | 6.25% | 7% | 8.08% | 13.19% | 8.05% | 10.2% | -0.62% | -1% | -0.08% | -0.27% | -2.8% | 46.12% | -3.77% | -30.96% | -16.74% | -11.33% | -17.81% | -8.83% | -12.45% | -10.04% |
| Book Value per Share | 36.71 | 35.04 | 34.10 | 33.06 | 29.34 | 31.40 | 26.32 | 23.04 | 20.76 | 19.67 | 19.01 | 17.39 | 16.13 | 14.52 | 19.51 | 11.60 | 11.56 | 13.88 | 14.02 | 14.63 | 10.24 | 11.00 | 17.31 | 15.63 | 19.49 | 17.52 | 21.45 | 28.38 |
| Tangible BV per Share | 32.11 | 30.69 | 29.80 | 27.33 | 23.96 | 26.85 | 21.49 | 19.26 | 17.30 | 16.71 | 16.00 | 14.32 | 12.69 | 10.73 | 13.84 | 11.01 | 10.95 | 13.24 | 13.35 | 13.93 | 10.09 | 10.72 | 14.78 | 10.70 | 19.49 | 17.52 | 21.45 | 28.38 |
| Common Stock | 585K | 595K | 650K | 652K | 647K | 790K | 822K | 906K | 936K | 960K | 985K | 989K | 902K | 902K | 835K | 565K | 565K | 565K | 564K | 564K | 413K | 410K | 409K | 170K | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 973.07M | 1.05B | 1.05B | 1.05B | 1.27B | 1.32B | 1.45B | 1.49B | 1.53B | 1.57B | 1.58B | 1.39B | 1.39B | 1.3B | 918.19M | 918.05M | 917.9M | 917.68M | 917.58M | 794.65M | 791.2M | 790.53M | 378.02M | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.27B | 1.27B | 1.25B | 1.19B | 1.12B | 1.26B | 986.79M | 644.86M | 466.74M | 384.55M | 295.57M | 155.47M | -45.96M | -157.61M | -282.95M | -277.36M | -270.83M | -257.34M | -244.91M | -212.02M | -494.94M | -467.21M | -251.97M | -112.84M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -82.35M | -79.88M | -111.5M | -121.5M | -133.53M | -10.22M | 17.76M | 11.42M | -8.63M | -394K | 485K | 2.63M | 651K | -34.86M | 8.09M | 13.98M | 5.27M | 3.55M | -985K | -1.05M | 0 | 583K | 1.21M | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114.07M | 114.07M | 114.07M | 0 | 0 | 119.11M | 119.11M | 119.11M | 119.11M | 119.11M | 119.11M | 0 | 0 | 0 | 0 | 0 |
Mortgage segment cyclicality
As reported in recent financial statements, Hilltop Holdings' total assets have remained largely range-bound between $15.4 billion and $16.5 billion over the last ten quarters, suggesting that the firm is currently prioritizing balance sheet preservation over aggressive expansion in a volatile interest rate environment.
The lack of meaningful asset growth indicates a cautious approach to balance sheet deployment, likely reflecting management's desire to maintain liquidity amidst mortgage market headwinds. Investors should monitor whether this stagnation represents a strategic defensive posture or an inability to capture market share in the competitive Texas banking landscape.
Based on the provided balance sheet data, the equity-to-assets ratio has remained remarkably consistent at 0.14 for the majority of the last ten quarters, suggesting that Hilltop Holdings maintains a stable regulatory capital buffer despite the recent volatility in net income and provision expenses.
This stability in the capital ratio implies that management is successfully managing capital deployment to offset earnings fluctuations. However, the reliance on capital returns that exceed net income, as noted in prior analysis, warrants further investigation into whether this capital adequacy can be sustained if earnings remain under pressure.
According to quarterly filings, Hilltop Holdings' cash and cash equivalents fluctuated significantly from a low of $798.3 million in 2024Q2 to a peak of $2.3 billion in 2024Q4, indicating a highly variable liquidity profile that appears sensitive to the firm's transactional mortgage and broker-dealer activities.
The wide variance in cash balances suggests that the firm maintains significant liquidity to support its non-banking segments, which may be necessary given the cyclical nature of mortgage originations. This liquidity management strategy appears to prioritize operational flexibility over the optimization of interest-earning assets, which may be impacting net interest margin expansion.
As indicated by the balance sheet data, the investment securities portfolio reached $12.0 billion in 2025Q4, representing a substantial portion of total assets, which may expose the firm to significant duration risk and unrealized losses in a fluctuating interest rate environment.
The concentration of assets in securities rather than loans suggests that the bank is currently more sensitive to market-driven valuation changes than to traditional credit risk. This shift in asset mix warrants close monitoring, as it may imply that the bank is struggling to find attractive, risk-adjusted loan growth opportunities in its core markets.
Quick answers to the most common questions about buying HTH stock.
As of 2025, Hilltop Holdings Inc. (HTH) had total assets of $15.84B including $1.23B in current assets.
Hilltop Holdings Inc. (HTH) carries total debt of $926.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hilltop Holdings Inc. (HTH) has total shareholders' equity (book value) of $2.17B ($35.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hilltop Holdings Inc. (HTH) reported a current ratio of 0.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.