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Hilltop Holdings beats Street 2Q forecasts

DALLAS (AP) _ Hilltop Holdings Inc. (HTH) on Thursday reported second-quarter profit of $62.5 million.

The bank, based in Dallas, said it had earnings of 63 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The insurance holding compnay posted revenue of $481 million in the period. Its adjusted revenue was $460.7 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $431.8 million.

Hilltop Holdings shares have fallen 15 percent since the beginning of the year. The stock has risen 13 percent in the last 12 months.

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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

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Keywords: Hilltop Holdings, Earnings Report