Hilltop Holdings Inc.
HTHHIGH VELOCITYFILING INTENSITYHilltop Holdings Inc. reads as an High Velocity (composite 70/100); Selective Buyer deploying $0 across 0 disclosed transactions, running flat vs the prior cycle · primary market Regional Banking.
Lens
Disclosed M&A capital (2023–2025)
N/A
vs N/A in 2020–2022
Disclosed transactions
N/A
0/3 active fiscal years in window
Buyer archetype
Selective Buyer
Acquisition use is visible but targeted.
Composite score
70
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $2.2B disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 40d
- 295 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 31 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 31 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 31 activism filings
- Latest activism 3.8y ago; discounted
Distress Watch
Issuers showing financial-distress filing patterns
- 31 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 3 non-reliance 8-Ks
- 4 NT late filings
- Latest event 6.6y ago; heavily discounted
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 295 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $2.6B
- 10-Q 46d ago
- 3 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $85M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | 2 | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Geographic Expansion20%
- Bolt On20%
- Platform20%
- Tuck In20%
- Horizontal Consolidation20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- geographic_expansion
- bolt_on
- platform
- tuck_in
- horizontal_consolidation
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“We further expanded our operations through our assumption of substantially all of the liabilities and acquisition of substantially all of the assets of FNB ... and our acquisition by merger of SWS for stock and cash consideration on January 1, 2015”
“NLASCO specializes in providing fire and homeowners insurance to low value dwellings and manufactured homes primarily in Texas and other areas of the south, southeastern and southwestern United States.”
“Effective January 1, 2015, in connection with the SWS Merger, we modified our organizational structure into three primary operating business units”
“On January 31, 2007, we acquired NLASCO, Inc., or NLASCO, a privately held property and casualty insurance holding company.”
“In connection with the IPO we also completed a) the acquisition of 90 communities from Hometown America for $615.3 million”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Regional Banking
- Market spend (2023–2025)
- $245.7B
- Market spend (2020–2022)
- $72.8B
- Recent vs prior
- +238%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
HTH trades at a -0.4-turn discount to the Regional Banking peer median of 12.3×.
- EV / Revenue
- 1.7×
- Net debt / EBITDA
- 0.4×
- Peer median EV / EBITDA
- 12.3×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 16.7× | 3.7× | -0.9× | $13.7B | $12.7B | |
| 13.9× | 3.0× | -0.7× | $58.4B | $126.1B | |
Hilltop Holdings Inc.HTH | 11.9× | 1.7× | 0.4× | $1.6B | N/A |
| 10.7× | 3.2× | -2.1× | $3.4B | $7B | |
| 9.3× | 2.2× | -0.3× | $14.5B | $72.6B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Regional Banking. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)282026-02-13
- 10-Q (quarterly)742026-04-24
- 8-K (event)2952026-04-28
- Proxy / DEF 14A572026-04-30
- Activism (13D / DFAN / PREC)312022-09-09
Signals on file
- critical
Non-reliance disclosure
2009-03-263 Item 4.02 filings on file; financial-statement non-reliance.
- watch
Late-filing notice
2019-11-134 NT 10-K/10-Q filings on file.
- elevated
Activism on file
2022-09-0931 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Restatement risk
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.