Hilltop holdings inc. (HTH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

460,471

436,725

411,988

389,637

390,359

341,458

284,782

23,900

-

-

-

Securities borrowed

69,582

66,914

41,048

29,518

41,051

7,257

-

-

-

-

-

Securities:
Taxable

62,104

50,975

36,472

26,233

26,584

29,206

27,078

13,116

-

-

-

Tax-exempt

6,159

6,834

5,807

6,222

6,628

4,681

4,775

464

-

-

-

Federal funds sold and securities purchased under agreements to resell

-

-

-

-

-

-

113

106

-

-

-

Interest-bearing deposits with banks

-

-

-

-

-

-

1,848

801

-

-

-

Other

16,513

17,980

11,841

4,344

5,216

6,167

10,479

651

-

-

-

Total interest income

614,829

579,428

507,156

455,954

469,838

388,769

329,075

39,038

-

-

-

Interest expense:
Deposits

71,509

46,002

24,695

15,843

15,523

15,742

14,877

1,013

-

-

-

Securities loaned

60,086

56,733

32,337

22,510

29,893

3,981

-

-

-

-

-

Short-term borrowings

26,778

25,816

13,751

5,803

4,574

2,214

1,814

215

-

-

-

Notes payable

10,754

10,263

10,931

10,849

8,143

2,532

10,512

8,613

-

-

-

Junior subordinated debentures

3,851

3,663

3,016

2,676

2,401

2,360

2,409

212

-

-

-

Other

545

627

678

742

721

799

3,262

143

-

-

-

General and administrative expenses

-

-

-

-

-

-

-

-

8,870

7,433

7,154

Depreciation and amortization

-

-

-

-

-

-

-

-

1,714

1,788

1,981

Total interest expense

173,523

143,104

85,408

58,423

61,255

27,628

32,874

10,196

8,985

8,971

9,668

Net interest income

441,306

436,324

421,748

397,531

408,583

361,141

296,201

28,842

-

-

-

Provision for credit losses

7,206

5,088

14,271

40,620

12,715

16,933

37,158

3,800

-

-

-

Net interest income after provision for credit losses

434,100

431,236

407,477

356,911

395,868

344,208

259,043

25,042

-

-

-

Noninterest income:
Net realized gains on securities

-

-

-

-

-

-

4,937

112

817

137

307

Net investment income

-

-

-

-

-

-

-

-

10,538

7,664

6,458

Other income

-

-

-

-

-

-

-

-

6,785

6,744

6,917

Other realized investment gains, net

-

-

-

-

-

-

-

-

817

207

1,148

Net other-than-temporary impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

70

841

Net gains from sale of loans and other mortgage production income

504,935

445,116

538,468

606,991

519,103

390,361

457,531

50,384

-

-

-

Mortgage loan origination fees

130,003

103,563

93,944

96,267

77,708

63,011

79,736

7,224

-

-

-

Securities commissions and fees

137,742

150,989

156,464

157,906

160,660

27,321

-

-

-

-

-

Investment and securities advisory fees and commissions

103,787

90,066

109,920

115,992

115,932

74,553

93,093

11,238

-

-

-

Net insurance premiums earned

132,284

136,751

142,298

155,545

162,082

164,524

157,533

146,701

134,048

117,192

115,153

Bargain purchase gain

-

-

-

-

81,289

-

12,585

-

-

-

-

Other

197,265

96,305

163,970

154,264

110,868

79,541

44,670

8,573

-

-

-

Total noninterest income

1,206,016

1,022,790

1,205,064

1,286,965

1,227,642

799,311

850,085

224,232

-

-

-

Total revenue

-

-

-

-

-

-

-

-

152,188

131,737

128,835

Noninterest expense:
Employees' compensation and benefits

856,265

768,688

816,994

834,113

765,887

490,706

480,496

60,972

-

-

-

Occupancy and equipment, net

114,327

115,207

113,943

109,418

119,653

101,697

86,248

7,360

-

-

-

Professional services

96,093

105,752

101,521

128,176

107,107

-

-

-

-

-

-

Loss and loss adjustment expenses

68,940

79,347

94,701

89,243

99,066

94,429

110,755

109,159

96,734

70,943

70,295

Policy acquisition and other underwriting expenses

-

-

-

-

-

46,942

46,289

43,658

47,425

44,157

43,198

Other

204,182

224,255

242,096

251,521

248,303

231,579

187,947

34,368

-

-

-

Total noninterest expense

1,339,807

1,293,249

1,369,255

1,412,471

1,340,016

965,353

911,735

255,517

-

-

-

Income from continuing operations before income taxes

300,309

160,777

243,286

231,405

283,494

178,166

197,393

-6,243

-11,540

-1,555

-3,461

Total expenses

-

-

-

-

-

-

-

-

163,728

133,292

132,296

Income tax expense

67,332

35,050

110,142

83,461

70,915

65,608

70,684

-1,145

-5,009

-1,007

-1,349

Net income

232,977

125,727

133,144

147,944

212,579

112,558

126,709

-5,098

-

-

-

Less: Net income attributable to noncontrolling interest

7,686

4,286

600

2,050

1,606

908

1,367

494

-

-

-

Income attributable to Hilltop

225,291

121,441

132,544

145,894

210,973

111,650

125,342

-5,592

-6,531

-548

-2,112

Dividends on preferred stock

-

-

-

-

1,854

5,703

4,327

259

-

-

-

Income applicable to Hilltop common stockholders

-

-

-

-

209,119

105,947

121,015

-5,851

-6,531

-13,487

-12,425

Preferred stock dividend

-

-

-

-

-

-

-

-

-

7,047

10,313

Loss on redemption of preferred stock

-

-

-

-

-

-

-

-

-

5,892

-

Earnings per common share:
Basic:
Earnings from continued operations (in dollars per share)

-

-

-

-

-

-

-

-

-0.12

-0.13

-0.22

Basic earnings per common share (in dollars per share)

2.44

1.28

1.36

1.48

2.10

1.18

1.43

-0.10

-0.12

-0.24

-0.22

Diluted:
Earnings from continued operations (in dollars per share)

-

-

-

-

-

-

-

-

-0.12

-0.13

-0.22

Diluted earnings per common share (in dollars per share)

2.44

1.28

1.36

1.48

2.09

1.17

1.40

-0.10

-0.12

-0.24

-0.22

Weighted average share information:
Basic (in shares)

92,345

94,969

97,137

98,404

99,074

89,710

84,382

58,754

56,499

56,492

56,474

Diluted (in shares)

92,394

95,067

97,353

98,629

99,962

90,573

90,331

58,754

56,511

56,492

56,474