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Hilltop Holdings misses Street 4Q forecasts

DALLAS (AP) _ Hilltop Holdings Inc. (HTH) on Thursday reported fourth-quarter profit of $35.3 million.

The Dallas-based bank said it had earnings of 36 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The insurance holding compnay posted revenue of $427.5 million in the period. Its adjusted revenue was $413.3 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $424.5 million.

For the year, the company reported profit of $145.9 million, or $1.48 per share. Revenue was reported as $1.68 billion.

Hilltop Holdings shares have declined nearly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.67, a rise of 93 percent 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


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