Hilltop Holdings Results Presentation Deck
Non-GAAP to GAAP Reconciliation and Management's Explanation of Non-GAAP
Financial Measures
Tangible Common Equity, is a non-GAAP financial measure. Tangible common equity is defined as our total stockholders' equity,
excluding preferred stock, reduced by goodwill and other intangible assets. This is a measure used by management, investors and
analysts to assess use of equity.
Tangible book value per share, or TBVPS, is a non-GAAP financial measure. TBVPS represents Hilltop's tangible common equity at
period-end divided by common shares outstanding at period-end. This is a measure used by management, investors and analysts to
assess use of equity.
Reconciliation of Tangible Common Equity and
Tangible Book Value Per Share
($ '000, except per share amounts)
Total Stockholders' Equity
Less:
Goodwill
Other intangible assets, net
Tangible Common Equity
Shares outstanding as of period end
Book Value Per Share
19
(Common Stockholder's Equity / Shares Outstanding)
Tangible Book Value Per Share
(Tangible Common Equity / Shares Outstanding)
Hilltop Consolidated
12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
$2,103,039 $2,323,939 $2,522,668 $2,036,924
$2,122,967
291,435
267,447
267,447
267,447
15,284
20,364
11,317
30,155
$1,781,449 $2,036,128 $2,239,937 $1,758,160
90,641
$23.20
$19.65
82,185
$28.28
$24.77
78,965
$31.95
$28.37
64,685
$31.49
$27.18
267,447
8,457
$1,847,063
65,153
$32.58
$28.35
Hilltop Holdings.View entire presentation