Hilltop Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
HTH$36.92+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| | December 31, | |||||
| | 2023 | 2022 | ||||
| Assets | | | | | | |
| Cash and due from banks | $1,858,700 | | $1,579,512 | | ||
| Federal funds sold | 650 | | 650 | | ||
| Assets segregated for regulatory purposes | | 57,395 | | | 67,737 | |
| Securities purchased under agreements to resell | | 80,011 | | | 118,070 | |
| Securities: | | | | | | |
| Trading, at fair value | 515,991 | | 755,032 | | ||
| Available for sale, at fair value, net (amortized cost of $1,621,747 and $1,788,557, respectively) | 1,507,595 | | 1,658,766 | | ||
| Held to maturity, at amortized cost, net (fair value of $731,858 and $785,335, respectively) | | 812,677 | | | 875,532 | |
| Equity, at fair value | | 321 | | | 200 | |
| | 2,836,584 | | 3,289,530 | | ||
| | | | | | | |
| Loans held for sale | 943,846 | | 982,616 | | ||
| Loans held for investment, net of unearned income | 8,079,745 | | 8,092,673 | | ||
| Allowance for credit losses | (111,413) | | (95,442) | | ||
| Loans held for investment, net | 7,968,332 | | 7,997,231 | | ||
| | | | | | | |
| Broker-dealer and clearing organization receivables | 1,573,931 | | 1,038,055 | | ||
| Premises and equipment, net | 168,856 | | 184,950 | | ||
| Operating lease right-of-use assets | | 88,580 | | | 102,443 | |
| Mortgage servicing rights | | 96,662 | | | 100,825 | |
| Other assets | 517,545 | | 518,899 | | ||
| Goodwill | 267,447 | | 267,447 | | ||
| Other intangible assets, net | 8,457 | | 11,317 | | ||
| Total assets | $16,466,996 | | $16,259,282 | | ||
| | | | | | | |
| Liabilities and Stockholders' Equity | | | | | | |
| Deposits: | | | | | | |
| Noninterest-bearing | $3,007,101 | | $3,968,862 | | ||
| Interest-bearing | 8,056,091 | | 7,346,887 | | ||
| Total deposits | 11,063,192 | | 11,315,749 | | ||
| | | | | | | |
| Broker-dealer and clearing organization payables | 1,430,734 | | 966,470 | | ||
| Short-term borrowings | 900,038 | | 970,056 | | ||
| Securities sold, not yet purchased, at fair value | | 34,872 | | | 53,023 | |
| Notes payable | 347,145 | | 346,654 | | ||
| Operating lease liabilities | | 109,002 | | | 126,759 | |
| Other liabilities | 431,684 | | 417,042 | | ||
| Total liabilities | 14,316,667 | | 14,195,753 | | ||
| Commitments and contingencies (see Notes 18 and 19) | | | | | | |
| Stockholders' equity: | | | | | | |
| Hilltop stockholders' equity: | | | | | | |
| Common stock, $0.01 par value, 125,000,000 shares authorized; 65,153,092 and 64,684,625 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 652 | | 647 | | ||
| Additional paid-in capital | 1,054,662 | | 1,046,331 | | ||
| Accumulated other comprehensive loss | (121,505) | | (133,531) | | ||
| Retained earnings | | 1,189,222 | | | 1,123,636 | |
| Deferred compensation employee stock trust, net | | 228 | | | 481 | |
| Employee stock trust (10,290 and 22,566 shares, at cost, at December 31, 2023 and December 31, 2022, respectively) | | (292) | | | (640) | |
| Total Hilltop stockholders' equity | 2,122,967 | | 2,036,924 | | ||
| Noncontrolling interests | 27,362 | | 26,605 | | ||
| Total stockholders' equity | 2,150,329 | | 2,063,529 | | ||
| Total liabilities and stockholders' equity | $16,466,996 | | $16,259,282 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.