Hilltop Holdings Inc. (NYSE:HTH) Q4 2023 Earnings Call Transcript January 26, 2024 9:00 AM ET

Company Participants

Erik Yohe - Executive Vice President of Corporate Development

Jeremy Ford - President, CEO & Director

Will Furr - Executive VP & CFO

Conference Call Participants

Thomas Wendler - Stephens Inc

Tim Mitchell - Raymond James

Operator

Welcome to the Hilltop Holdings Fourth Quarter 2023 Earnings Call and Webcast. [Operator Instructions] This call is being recorded on Friday, January 26, 2024.

I would now like to turn the conference over to Erik Yohe, Executive Vice President at Hilltop Holdings. Please go ahead.

Erik Yohe

Thank you, Mark and good morning.

Before we get started, please note that certain statements during today's presentation that are not statements of historical fact, including statements concerning such items as our outlook, business strategy, future plans, financial condition, credit risk and trends in credit, allowance for credit losses, liquidity and sources of funding, the impact -- the potential impacts of inflation, stock repurchases and dividends and impacts of interest rate changes, as well as such other items referenced in the preface of our presentation are forward-looking statements. These statements are based on management's current expectations concerning future events that, by their nature, are subject to risks and uncertainties. Our actual results, capital, liquidity and financial condition may differ materially from these statements due to a variety of factors, including the precautionary statements referenced in our presentation and those included in our most recent annual and quarterly reports filed with the SEC.

Please note that the information presented is preliminary and based upon data available at this time. Except to the extent required by law, expressly disclaim any obligation to update earlier statements as a result of new information.

Additionally, this presentation includes certain non-GAAP measures, including tangible common equity and tangible book value per share. A reconciliation of these measures to the nearest GAAP measure may be found in the appendix to this presentation, which is posted on our website at ir.hilltop-holdings.com. With that, I would now like to turn the presentation over to President and CEO, Jeremy Ford.

Jeremy Ford

Thank you, Erik, and good morning. Before we go through our fourth quarter results, I'd like to take a moment to reflect on 2023 and outline our priorities for the upcoming year. Despite Hilltop's profitability for the year being hampered by a historically challenging mortgage market, the outstanding performance of our employees combined with our diversified business model, allowed the company to approve across a variety of areas.