Jordan Ghent's questions to Hilltop Holdings Inc (HTH) leadership • Q1 2025
Question
Jordan Ghent from Stephens Inc. focused on expenses, asking how much of the improvement in the full-year expense guidance was attributable to the one-time insurance recovery. He also requested a forward-looking run rate for the fixed component of expenses.
Answer
William Furr (executive) clarified that the improved expense guidance was not primarily due to the insurance recovery but rather the result of broad, ongoing optimization and efficiency efforts across the organization. For a run rate, Furr directed attention to the presentation materials, suggesting that quarterly expenses, other than variable compensation, are expected to remain in the $185 million to $190 million range, consistent with recent quarters after adjusting for one-time items.