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Hilltop Holdings misses Street 1Q forecasts

DALLAS (AP) _ Hilltop Holdings Inc. (HTH) on Tuesday reported first-quarter net income of $26.4 million.

The Dallas-based bank said it had earnings of 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The insurance holding compnay posted revenue of $379.7 million in the period. Its adjusted revenue was $363.5 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $393.2 million.

Hilltop Holdings shares have dropped roughly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.34, a rise of 41 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