Hilltop Holdings (HTH) concentration risks

The company's disclosed concentration profile is geographic across all three claims, reflecting a business whose revenues and loan portfolio are substantially tied to a small number of U.S. states. The broker-dealer segment generated 82% of its net revenues through locations in Texas, New York, and California — a high-share concentration by disclosed size with a structural character, since the company's branch and office network anchors revenues to those markets. Separately, the banking segment conducts substantially all of its operations in Texas, a high-share exposure by disclosed size that is similarly structural: the loan book, deposit base, and credit performance are linked to the economic conditions in that single state. A third layer shows that 44% of the loan portfolio is concentrated in Texas, California, and South Carolina collectively — a medium-share exposure by disclosed size whose structural character reflects the geographic footprint of the lending franchise. These three exposures reinforce rather than offset each other. Texas appears prominently in all three claims, meaning an adverse economic or credit event in that state would affect the broker-dealer revenues, the banking loan book, and the geographic portfolio tilt simultaneously. The concentration in Texas is the single most important variable across the disclosed profile, and monitoring Texas-specific economic conditions — employment, real estate, and energy sector health — is the primary concentration watch for this company.

For the engine’s reasoning on HTH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.