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
(Common Stockholder's Equity / Shares Outstanding)
Tangible Book Value Per Share
(Tangible Common Equity / Shares Outstanding)
20
6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022
$2,476,371 $2,522,668
$2,470,281
267,447
17,705
$2,185,129
81,153
$30.44
Hilltop Consolidated
$26.93
267,447
16,455
$31.36
267,447
$2,192,469 $2,239,937
78,959
78,965
$27.77
15,284
$31.95
$28.37
$2,463,933
267,447
14,233
$31.02
9/30/2022 12/31/2022 3/31/2023
$2,029,577 $2,031,811 $2,036,924 $2,056,711
$27.47
267,447
$2,182,253 $1,748,948
79,439
64,576
13,182
$31.43
$27.08
267,447
12,209
$1,752,155
64,591
$31.46
$27.13
267,447
11,317
267,447
$27.18
10,544
6/30/2023
$27.36
$2,063,599
267,447
$1,758,160 $1,778,720 $1,786,380
64,685
65,023
65,071
$31.49
$31.63
$31.71
9,772
$27.45
Hilltop Holdings.View entire presentation