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Hilltop Holdings: 3Q Earnings Snapshot

DALLAS (AP) _ Hilltop Holdings Inc. (HTH) on Thursday reported third-quarter net income of $79.4 million.

The bank, based in Dallas, said it had earnings of 86 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The insurance holding compnay posted revenue of $503.4 million in the period. Its revenue net of interest expense was $454.6 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $406.3 million.

Hilltop Holdings shares have climbed 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.37, an increase of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTH at https://www.zacks.com/ap/HTH