Hilltop Holdings Inc

For the period ended Mar 31, 2024. Filed Apr 22, 2024.

About 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.

Mar 31, 2024 · Filed Apr 22, 2024

HTH$36.90-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows


· · Three Months Ended March 31, ·
· 2024 · 2023
Operating Activities
Net income	$29,522	$27,768
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (reversal of) credit losses	(2,871)	2,331
Depreciation, amortization and accretion, net	5,026	5,843
Equity in undistributed earnings of merchant banking subsidiaries	(2,125)	1,792
Deferred income taxes	1,871	2,923
Other, net	145	4,150
Net change in securities purchased under agreements to resell	(11,597)	(26,131)
Net change in trading securities	(141,709)	62,124
Net change in broker-dealer and clearing organization receivables	111,867	(452,555)
Net change in other assets	5,401	28,858
Net change in broker-dealer and clearing organization payables	15,861	406,392
Net change in other liabilities	(97,251)	(98,945)
Net change in securities sold, not yet purchased	25,690	(1,526)
Change in valuation of mortgage servicing rights asset	4,383	10,721
Net gains from sales of loans	(40,197)	(39,966)
Loans originated for sale	(1,951,478)	(2,051,075)
Proceeds from loans sold	2,118,309	2,008,839
Net cash provided by (used in) operating activities	70,847	(108,457)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	23,513	14,729
Proceeds from sales, maturities and principal reductions of securities available for sale	46,538	56,549
Proceeds from sales, maturities and principal reductions of equity securities	1,333	—
Purchases of securities available for sale	(24,039)	(19,997)
Net change in loans held for investment	(31,472)	(170,546)
Purchases of premises and equipment and other assets	(2,443)	(1,139)
Proceeds from sales of premises and equipment and other real estate owned	2,121	1,450
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	(22)	(23,310)
Net cash provided by (used in) investing activities	15,529	(142,264)
Financing Activities
Net change in deposits	(189,229)	(208,147)
Net change in short-term borrowings	(6,811)	602,328
Proceeds from notes payable	—	146,110
Payments on notes payable	—	(116,474)
Payments to repurchase common stock	(9,941)	(4,503)
Dividends paid on common stock	(11,076)	(10,351)
Net cash distributed to noncontrolling interest	(1,650)	(1,486)
Other, net	(2,981)	(3,632)
Net cash provided by (used in) financing activities	(221,688)	403,845

Net change in cash, cash equivalents and restricted cash	(135,312)	153,124
Cash, cash equivalents and restricted cash, beginning of period	1,916,745	1,647,899
Cash, cash equivalents and restricted cash, end of period	$1,781,433	$1,801,023

Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$1,710,066	$1,764,081
Federal funds sold	650	743
Assets segregated for regulatory purposes	70,717	36,199
Total cash, cash equivalents and restricted cash	$1,781,433	$1,801,023
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	$109,119	$63,682
Cash paid for income taxes, net of refunds	$369	$(49)
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	$2,766	$2,391
Transfer of loans held for investment to loans held for sale	$31,551	$—
Additions to mortgage servicing rights	$3,312	$13,210

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.