Hilltop Holdings Inc

For the period ended Jun 30, 2024. Filed Aug 2, 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.

Jun 30, 2024 · Filed Aug 2, 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)


· · Three Months Ended June 30, · · Six Months Ended June 30, ·
· 2024 · 2023 · 2024 · 2023
Interest income:
Loans, including fees	$138,627	$138,397	$272,958	$261,776
Securities borrowed	20,306	18,515	40,867	35,583
Securities:
Taxable	25,289	26,719	51,530	52,321
Tax-exempt	2,389	2,566	4,804	5,754
Other	20,532	27,229	46,598	49,419
Total interest income	207,143	213,426	416,757	404,853

Interest expense:
Deposits	68,095	54,726	137,239	90,550
Securities loaned	18,669	16,413	37,708	31,759
Short-term borrowings	10,676	17,706	22,264	30,150
Notes payable	3,604	3,973	7,194	7,826
Other	2,449	2,342	5,081	4,597
Total interest expense	103,493	95,160	209,486	164,882

Net interest income	103,650	118,266	207,271	239,971
Provision for credit losses	10,934	14,836	8,063	17,167
Net interest income after provision for credit losses	92,716	103,430	199,208	222,804

Noninterest income:
Net gains from sale of loans and other mortgage production income	58,455	48,535	98,652	88,501
Mortgage loan origination fees	34,398	41,440	60,836	70,217
Securities commissions and fees	29,510	24,355	59,883	50,288
Investment and securities advisory fees and commissions	32,992	32,037	63,218	58,885
Other	37,950	44,285	92,334	85,255
Total noninterest income	193,305	190,652	374,923	353,146

Noninterest expense:
Employees' compensation and benefits	169,998	176,908	335,828	344,725
Occupancy and equipment, net	21,297	23,025	43,209	45,890
Professional services	10,270	12,594	20,001	23,291
Other	54,899	54,450	107,449	103,541
Total noninterest expense	256,464	266,977	506,487	517,447

Income before income taxes	29,557	27,105	67,644	58,503
Income tax expense	6,658	7,167	15,223	10,797
Net income	22,899	19,938	52,421	47,706
Less: Net income attributable to noncontrolling interest	2,566	1,805	4,420	3,773
Income attributable to Hilltop	$20,333	$18,133	$48,001	$43,933

Earnings per common share:
Basic	$0.31	$0.28	$0.74	$0.68
Diluted	$0.31	$0.28	$0.74	$0.68

Weighted average share information:
Basic	65,085	65,025	65,142	64,963
Diluted	65,086	65,054	65,149	64,993

See accompanying notes*.*

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.