Hilltop Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

About this filing

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.

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Contents

Consolidated Statements of Operations

(in thousands, except per share data)


	Year Ended December 31,
	2023		2022		2021
Interest income:
Loans, including fees		$542,274		$416,207		$404,312
Securities borrowed		71,924		44,414		61,667
Securities:
Taxable		108,250		75,805		47,633
Tax-exempt		10,763		10,013		9,766
Other		105,164		44,677		6,595
Total interest income		838,375		591,116		529,973

Interest expense:
Deposits		223,179		50,412		23,624
Securities loaned		65,175		38,570		50,974
Short-term borrowings		57,857		20,893		9,065
Notes payable		15,448		16,141		21,386
Junior subordinated debentures		—		—		1,558
Other		9,869		6,125		384
Total interest expense		371,528		132,141		106,991

Net interest income		466,847		458,975		422,982
Provision for (reversal of) credit losses		18,392		8,309		(58,213)
Net interest income after provision for (reversal of) credit losses		448,455		450,666		481,195

Noninterest income:
Net gains from sale of loans and other mortgage production income		172,150		302,384		825,960
Mortgage loan origination fees		144,539		149,598		160,011
Securities commissions and fees		121,875		139,122		143,827
Investment and securities advisory fees and commissions		134,327		127,399		152,443
Other		156,082		113,957		128,034
Total noninterest income		728,973		832,460		1,410,275

Noninterest expense:
Employees' compensation and benefits		678,310		773,688		1,007,235
Occupancy and equipment, net		89,326		97,115		100,602
Professional services		49,100		48,495		54,270
Other		211,573		207,701		225,291
Total noninterest expense		1,028,309		1,126,999		1,387,398

Income before income taxes		149,119		156,127		504,072
Income tax expense		31,140		36,833		117,976
Net income		117,979		119,294		386,096
Less: Net income attributable to noncontrolling interest		8,333		6,160		11,601
Income attributable to Hilltop		$109,646		$113,134		$374,495

Earnings per common share:
Basic		$1.69		$1.61		$4.64
Diluted		$1.69		$1.60		$4.61

Weighted average share information:
Basic		65,043		70,434		80,708
Diluted		65,045		70,626		81,173

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.