Hilltop Holdings Inc.
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 24, 2025
HTH$36.90-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, · | |||||||
| · 2025 · 2024 | |||||||
| Operating Activities | | | | | | | |
| Net income | | $129,095 | | $85,326 | | ||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | | | | | | | |
| Provision for (reversal of) credit losses | | (513) | | 6,793 | | ||
| Depreciation, amortization and accretion, net | | 12,731 | | 15,097 | | ||
| Net change in fair value of equity securities | | 417 | | — | | ||
| Equity in earnings of merchant banking subsidiaries | | | (39,740) | | (9,044) | | |
| Deferred income taxes | | | 5,978 | | | (11,570) | |
| Other, net | | 10,910 | | 3,358 | | ||
| Net change in securities purchased under agreements to resell | | 9,819 | | (1,755) | | ||
| Net change in trading securities | | 77,469 | | (24,845) | | ||
| Net change in broker-dealer and clearing organization receivables | | (28,352) | | 356,675 | | ||
| Net change in other assets | | (35,260) | | (38,748) | | ||
| Net change in broker-dealer and clearing organization payables | | 67,508 | | (285,960) | | ||
| Net change in other liabilities | | (51,246) | | (15,508) | | ||
| Net change in securities sold, not yet purchased | | 7,885 | | 12,901 | | ||
| Proceeds from sale of mortgage servicing rights asset | | — | | 45,129 | | ||
| Change in valuation of mortgage servicing rights asset | | | 1,651 | | 14,913 | | |
| Net gains from sales of loans | | (148,956) | | (146,468) | | ||
| Loans originated for sale | | | (7,441,890) | | | (7,300,426) | |
| Proceeds from loans sold | | | 7,466,687 | | 7,445,251 | | |
| Net cash provided by operating activities | | 44,193 | | 151,119 | | ||
| Investing Activities | | | | | | | |
| Proceeds from maturities and principal reductions of securities held to maturity | | 87,046 | | | 63,633 | | |
| Proceeds from sales, maturities and principal reductions of securities available for sale | | 193,544 | | | 169,443 | | |
| Proceeds from sales of equity securities | | 6,549 | | | 12,663 | | |
| Purchases of securities held to maturity | | (100,017) | | | — | | |
| Purchases of securities available for sale | | (196,036) | | | (30,289) | | |
| Purchases of equity securities | | — | | | (1,475) | | |
| Net change in loans held for investment | | | (325,434) | | | 61,630 | |
| Purchases of premises and equipment and other assets | | (2,718) | | | (6,215) | | |
| Proceeds from sales and distributions of premises and equipment and other assets | | 69,541 | | | 7,385 | | |
| Proceeds from sale of loans held for sale transferred from loans held for investment | | — | | | 30,103 | | |
| Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock | | (1,695) | | | (42) | | |
| Net cash provided by (used in) investing activities | | | (269,220) | | | 306,836 | |
| Financing Activities | | | | | | | |
| Net change in deposits | | (343,981) | | (306,146) | | ||
| Net change in short-term borrowings | | (174,370) | | 15,132 | | ||
| Proceeds from long-term borrowings | | 823,789 | | — | | ||
| Payments on long-term borrowings | | (1,002,067) | | — | | ||
| Payments to repurchase common stock | | (123,246) | | (19,864) | | ||
| Dividends paid on common stock | | | (34,364) | | (33,214) | | |
| Net cash distributed to noncontrolling interest | | | (5,737) | | (6,231) | | |
| Other, net | | (2,604) | | (3,472) | | ||
| Net cash used in financing activities | | | (862,580) | | (353,795) | | |
| | | | | | | | |
| Net change in cash, cash equivalents and restricted cash | | | (1,087,607) | | 104,160 | | |
| Cash, cash equivalents and restricted cash, beginning of period | | | 2,370,590 | | 1,916,745 | | |
| Cash, cash equivalents and restricted cash, end of period | | $1,282,983 | | $2,020,905 | | ||
| | | | | | | | |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets | | | | | | | |
| Cash and due from banks | | $1,277,283 | | $1,961,627 | | ||
| Federal funds sold | | | 650 | | | 3,650 | |
| Assets segregated for regulatory purposes | | | 5,050 | | | 55,628 | |
| Total cash, cash equivalents and restricted cash | | $1,282,983 | | $2,020,905 | | ||
| Supplemental Disclosures of Cash Flow Information | | | | | | | |
| Cash paid for interest | | $263,716 | | $319,231 | | ||
| Cash paid for income taxes, net of refunds | | $42,647 | | $11,449 | | ||
| Supplemental Schedule of Non-Cash Activities | | | | | | | |
| Non-cash distributions from merchant banking investments | | $10,739 | | $— | | ||
| Conversion of loans to other real estate owned | | $7,441 | | $2,871 | | ||
| Additions to mortgage servicing rights | | $8,201 | | $9,122 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.