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Here's What Key Metrics Tell Us About Hilltop Holdings (HTH) Q1 Earnings
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Hilltop Holdings (HTH - Free Report) reported $284.2 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 10.2%. EPS of $0.40 for the same period compares to $0.28 a year ago.
The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $277.55 million. With the consensus EPS estimate being $0.23, the EPS surprise was +73.91%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilltop Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.28% compared to the 3.24% average estimate based on three analysts.
Average Outstanding Balance - Interest-earning assets, gross: $15.06 billion versus the three-analyst average estimate of $15.02 billion.
Net Interest Income (FTE): $121.80 million versus the three-analyst average estimate of $120.48 million.
Total Noninterest Income: $162.49 million compared to the $157.39 million average estimate based on three analysts.
Net Interest Income: $121.71 million versus $120.16 million estimated by three analysts on average.
Shares of Hilltop Holdings have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Hilltop Holdings (HTH) Q1 Earnings
Hilltop Holdings (HTH - Free Report) reported $284.2 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 10.2%. EPS of $0.40 for the same period compares to $0.28 a year ago.
The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $277.55 million. With the consensus EPS estimate being $0.23, the EPS surprise was +73.91%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hilltop Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.28% compared to the 3.24% average estimate based on three analysts.
- Average Outstanding Balance - Interest-earning assets, gross: $15.06 billion versus the three-analyst average estimate of $15.02 billion.
- Net Interest Income (FTE): $121.80 million versus the three-analyst average estimate of $120.48 million.
- Total Noninterest Income: $162.49 million compared to the $157.39 million average estimate based on three analysts.
- Net Interest Income: $121.71 million versus $120.16 million estimated by three analysts on average.
View all Key Company Metrics for Hilltop Holdings here>>>Shares of Hilltop Holdings have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.