Hilltop Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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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, 2024 · Filed Oct 25, 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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Consolidated Statements of Cash Flows
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, · | |||||||
| · 2024 · 2023 | |||||||
| Operating Activities | | | | | | | |
| Net income | | $85,326 | | $87,017 | | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | |
| Provision for credit losses | | 6,793 | | 17,127 | | ||
| Depreciation, amortization and accretion, net | | 15,097 | | 15,267 | | ||
| Equity in undistributed earnings of merchant banking subsidiaries | | | (9,044) | | | (6,369) | |
| Deferred income taxes | | (11,570) | | 5,268 | | ||
| Other, net | | 3,358 | | 12,531 | | ||
| Net change in securities purchased under agreements to resell | | (1,755) | | (5,649) | | ||
| Net change in trading securities | | (24,845) | | 176,131 | | ||
| Net change in broker-dealer and clearing organization receivables | | 356,675 | | (348,318) | | ||
| Net change in other assets | | (38,748) | | (33,796) | | ||
| Net change in broker-dealer and clearing organization payables | | (285,960) | | 360,433 | | ||
| Net change in other liabilities | | (15,508) | | (13,295) | | ||
| Net change in securities sold, not yet purchased | | | 12,901 | | (1,496) | | |
| Proceeds from sale of mortgage servicing rights asset | | 45,129 | | 19,055 | | ||
| Change in valuation of mortgage servicing rights asset | | | 14,913 | | | 678 | |
| Net gains from sales of loans | | | (146,468) | | (135,763) | | |
| Loans originated for sale | | (7,300,426) | | (7,297,473) | | ||
| Proceeds from loans sold | | | 7,445,251 | | 7,328,562 | | |
| Net cash provided by operating activities | | | 151,119 | | | 179,910 | |
| Investing Activities | | | | | | | |
| Proceeds from maturities and principal reductions of securities held to maturity | | 63,633 | | | 55,006 | | |
| Proceeds from sales, maturities and principal reductions of securities available for sale | | 169,443 | | | 204,903 | | |
| Proceeds from sales, maturities and principal reductions of equity securities | | | 12,663 | | | — | |
| Purchases of securities available for sale | | (30,289) | | | (31,567) | | |
| Purchases of equity securities | | (1,475) | | | — | | |
| Net change in loans held for investment | | 61,630 | | | (184,341) | | |
| Purchases of premises and equipment and other assets | | (6,215) | | | (6,090) | | |
| Proceeds from sales of premises and equipment, other real estate owned, and other assets | | | 7,385 | | | 3,431 | |
| Proceeds from sale of loans held for sale transferred from loans held for investment | | 30,103 | | | — | | |
| Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock | | | (42) | | | 689 | |
| Net cash provided by investing activities | | 306,836 | | 42,031 | | ||
| Financing Activities | | | | | | | |
| Net change in deposits | | (306,146) | | (171,491) | | ||
| Net change in short-term borrowings | | 15,132 | | (87,251) | | ||
| Proceeds from notes payable | | — | | 490,151 | | ||
| Payments on notes payable | | — | | (490,151) | | ||
| Payments to repurchase common stock | | (19,864) | | (4,503) | | ||
| Dividends paid on common stock | | (33,214) | | (31,177) | | ||
| Net cash distributed to noncontrolling interest | | | (6,231) | | (5,365) | | |
| Other, net | | | (3,472) | | (5,165) | | |
| Net cash used in financing activities | | (353,795) | | | (304,952) | | |
| | | | | | | | |
| Net change in cash, cash equivalents and restricted cash | | 104,160 | | (83,011) | | ||
| Cash, cash equivalents and restricted cash, beginning of period | | 1,916,745 | | 1,647,899 | | ||
| Cash, cash equivalents and restricted cash, end of period | | $2,020,905 | | $1,564,888 | | ||
| | | | | | | | |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets | | | | | | | |
| Cash and due from banks | | $1,961,627 | | $1,513,747 | | ||
| Federal funds sold | | | 3,650 | | | 3,650 | |
| Assets segregated for regulatory purposes | | | 55,628 | | | 47,491 | |
| Total cash, cash equivalents and restricted cash | | $2,020,905 | | $1,564,888 | | ||
| Supplemental Disclosures of Cash Flow Information | | | | | | | |
| Cash paid for interest | | $319,231 | | $252,409 | | ||
| Cash paid for income taxes, net of refunds | | $11,449 | | $14,076 | | ||
| Supplemental Schedule of Non-Cash Activities | | | | | | | |
| Conversion of loans to other real estate owned | | $2,871 | | $5,168 | | ||
| Additions to mortgage servicing rights | | $9,122 | | $23,859 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.