Jordan Jen's questions to Hilltop Holdings Inc (HTH) leadership • Q3 2024
Question
Jordan Jen of Stephens Inc. asked about the future of Hilltop's large overnight cash balances and the target operating range for this liquidity. He also requested insight into the loan growth outlook beyond the next few quarters, particularly regarding origination pipelines.
Answer
EVP and CFO William Furr stated that the current cash balance is above the target operating range of $300 million to $750 million. He confirmed Hilltop will work to reduce this balance over time by rotating funds into the securities portfolio and retained mortgages. Regarding future loan growth, Mr. Furr noted that while pipelines have improved, particularly in commercial real estate, customer caution persists. He expects growth to be driven by CRE, with the bank remaining aggressive on pricing while maintaining its credit standards.