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HTHHilltop Holdings Inc.Sell4.4·$39.18+1.29%
HTH · Concentration risk · 10-K extracted

Hilltop Holdings (HTH) concentration risks

Updated

The most significant concentration Hilltop Holdings discloses is Texas, New York and California at 82%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Source: Hilltop Holdings’s SEC Form 10-K filed view the filing on SEC EDGAR ↗

At a glance

Disclosed-size breakdown · 3 disclosed concentrations

HIGH2
MEDIUM1
LOW0
Disclosed concentrations

Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).

HIGHBuilt-inGeographic
82%

Texas, New York and California

10-K Item 1: '82% of the broker-dealer segment's net revenues during 2025 generated through locations in Texas, New York and California'
SEC 10-K · filed Feb 2026
HIGHBuilt-inGeographic

Texas banking operations

10-K Item 1: 'The Bank has a presence in the large metropolitan markets in Texas and conducts substantially all of its banking operations in Texas'
SEC 10-K · filed Feb 2026
MEDIUMBuilt-inGeographic
44%

Texas, California and South Carolina

10-K Item 1: '44% concentrated in Texas, California and South Carolina, collectively'
SEC 10-K · filed Feb 2026
TrendMatrix Research · concentration synthesis

What these concentrations mean together

updated 2026-06-24

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.

Industry peers · Financial Conglomerates

Peer concentration profile

SymbolNameHIGHMEDIUMLOWTotal
HTHHilltop Holdings Inc.2103
FRHCFreedom Holding Corp.0202
VOYAVoya Financial, Inc.0000

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

Concentration disclosures are extracted verbatim from SEC 10-K filings; the disclosed-size classification and the synthesis above are engine-derived. Size reflects how large each exposure is against fixed share thresholds (HIGH >50%, MEDIUM 25–50%, LOW <25% or an explicit diversification statement), not a judgment of how dangerous it is, and is not a buy/sell rating, a price target, or a view on the stock. Not a complete list of risk factors — see the full filing.

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