Hilltop holdings inc. (HTH)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Loans, including fees

111,168

115,696

119,580

114,325

110,870

119,322

113,535

103,924

99,944

105,658

102,546

113,793

89,991

102,046

97,590

98,468

91,533

94,689

111,315

96,967

87,388

88,791

80,719

92,204

79,744

86,098

68,585

65,213

64,886

-

-

-

-

-

-

-

-

-

-

Securities borrowed

13,327

16,196

21,010

15,517

16,859

16,782

16,346

17,486

16,300

11,994

11,404

9,597

8,053

6,566

9,037

6,326

7,589

11,242

10,116

9,675

10,018

1,837

2,078

1,878

1,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities:
Taxable

15,695

17,000

15,764

14,684

14,656

15,512

11,994

12,516

10,953

10,825

10,214

8,833

6,600

7,097

5,935

6,834

6,367

7,046

6,262

6,227

7,049

6,312

7,688

7,618

7,588

7,484

7,202

6,480

5,912

-

-

-

-

-

-

-

-

-

-

Tax-exempt

1,610

1,572

1,576

1,513

1,498

1,648

1,717

1,697

1,772

1,717

1,471

1,375

1,244

1,530

1,518

1,537

1,637

1,647

1,683

1,557

1,741

1,102

1,150

1,187

1,242

1,187

1,052

1,189

1,347

-

-

-

-

-

-

-

-

-

-

Federal funds sold and securities purchased under agreements to resell

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

35

35

21

-

-

-

-

-

-

-

-

-

-

Interest-bearing deposits with banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

991

282

242

333

-

-

-

-

-

-

-

-

-

-

Other

3,075

3,415

4,026

4,017

5,055

4,438

4,734

4,417

4,391

3,471

3,309

2,708

2,353

1,096

1,183

1,037

1,028

1,338

1,169

1,236

1,473

1,274

1,582

1,521

1,790

2,819

2,546

3,009

2,105

-

-

-

-

-

-

-

-

-

-

Total interest income

144,875

153,879

161,956

150,056

148,938

157,702

148,326

140,040

133,360

133,665

128,944

136,306

108,241

118,335

115,263

114,202

108,154

115,962

130,545

115,662

107,669

99,316

93,217

104,408

91,828

98,601

79,702

76,168

74,604

-

-

-

-

-

-

-

-

-

-

Interest expense:
Deposits

15,124

17,480

18,887

18,036

17,106

14,838

12,353

10,136

8,675

7,700

6,841

5,464

4,690

3,971

3,996

4,037

3,839

3,589

3,719

3,900

4,315

4,770

4,117

3,096

3,759

4,336

3,685

3,406

3,450

-

-

-

-

-

-

-

-

-

-

Securities loaned

11,277

13,989

17,889

13,470

14,738

13,935

13,984

15,075

13,739

9,581

8,935

7,481

6,340

4,653

6,954

4,916

5,987

8,388

7,110

6,889

7,506

1,034

1,182

927

838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

4,744

6,244

8,166

6,897

5,471

7,476

7,831

6,466

4,043

4,118

4,567

3,648

1,418

1,829

1,497

1,392

1,085

1,218

1,189

1,143

1,024

608

667

542

397

326

384

591

513

-

-

-

-

-

-

-

-

-

-

Notes payable

2,418

3,229

2,715

2,629

2,181

2,627

2,702

2,437

2,497

2,611

2,680

2,826

2,814

2,856

2,793

2,618

2,582

2,661

2,524

2,289

669

619

633

632

648

3,588

2,294

2,308

2,322

-

-

-

-

-

-

-

-

-

-

Junior subordinated debentures

850

909

955

986

1,001

968

955

918

822

787

774

744

711

703

673

655

645

616

605

595

585

595

594

587

584

598

591

612

608

-

-

-

-

-

-

-

-

-

-

Other

126

99

132

162

152

143

160

160

164

176

167

167

168

199

180

187

176

177

187

179

178

176

264

178

181

1,154

832

826

450

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,755

2,913

1,644

1,602

3,783

1,612

1,873

1,749

2,063

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

335

330

360

427

429

426

432

436

450

Total interest expense

34,539

41,950

48,744

42,180

40,649

39,987

37,985

35,192

29,940

24,973

23,964

20,330

16,141

14,211

16,093

13,805

14,314

16,649

15,334

14,995

14,277

7,802

7,457

5,962

6,407

10,002

7,786

7,743

7,343

3,786

2,140

2,131

2,139

2,323

2,241

2,245

2,176

2,306

2,254

Net interest income

110,336

111,929

113,212

107,876

108,289

117,715

110,341

104,848

103,420

108,692

104,980

115,976

92,100

104,124

99,170

100,397

93,840

99,313

115,211

100,667

93,392

91,514

85,760

98,446

85,421

88,599

71,916

68,425

67,261

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

34,549

6,880

47

-672

951

6,926

-371

340

-1,807

5,453

1,260

5,853

1,705

4,347

3,990

28,876

3,407

4,277

5,593

158

2,687

4,125

4,033

5,533

3,242

2,206

10,658

11,289

13,005

-

-

-

-

-

-

-

-

-

-

Net interest income after provision for credit losses

75,787

105,049

113,165

108,548

107,338

110,789

110,712

104,508

105,227

103,239

103,720

110,123

90,395

99,777

95,180

71,521

90,433

95,036

109,618

100,509

90,705

87,389

81,727

92,913

82,179

86,393

61,258

57,136

54,256

-

-

-

-

-

-

-

-

-

-

Noninterest income:
Net realized gains on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46

46

-

0

0

4,403

-

-

-

-

-

1,142

-

-

66

8

17

21

-26

812

12

19

86

-51

Net investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,254

3,223

3,259

3,117

3,111

2,229

2,081

2,040

1,855

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,895

1,851

1,711

1,680

1,757

1,723

1,625

1,636

1,765

Other realized investment gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

17

21

-26

812

12

19

86

14

Net other-than-temporary impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

Net gains from sale of loans and other mortgage production income

150,486

120,573

157,050

131,173

96,139

90,628

116,243

132,478

105,767

122,132

138,498

153,688

124,150

137,270

175,412

167,012

127,297

114,080

137,303

147,175

120,545

96,575

108,621

106,054

79,111

82,067

105,337

142,531

127,596

-

-

-

-

-

-

-

-

-

-

Mortgage loan origination fees

28,554

36,939

37,782

33,409

21,873

26,615

27,004

29,318

20,626

23,156

25,256

25,976

19,556

24,850

26,807

25,797

18,813

19,514

22,647

20,958

14,589

16,091

17,593

16,983

12,344

16,057

22,091

22,695

18,893

-

-

-

-

-

-

-

-

-

-

Securities commissions and fees

40,069

33,205

34,426

34,142

35,969

36,984

36,968

38,320

38,717

40,868

38,735

37,804

39,057

39,425

39,722

40,442

38,317

37,459

39,070

41,213

42,918

6,464

6,865

6,994

6,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment and securities advisory fees and commissions

23,180

32,083

28,685

22,859

20,160

26,260

23,487

21,965

18,354

36,561

25,620

25,537

22,202

31,690

31,129

29,354

23,819

33,678

27,667

29,665

24,922

27,756

17,190

15,270

14,337

22,810

22,310

25,964

22,009

-

-

-

-

-

-

-

-

-

-

Net insurance premiums earned

-

-

32,654

33,466

-

34,146

34,185

34,105

34,315

35,645

34,493

36,020

36,140

38,344

38,747

38,721

39,733

41,001

41,196

40,318

39,567

41,607

41,821

40,777

40,319

41,488

39,982

38,590

37,473

37,663

37,688

36,195

35,155

35,605

34,943

32,568

30,932

30,116

29,301

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

81,289

-

-

-

-

-

12,585

-

-

-

-

-

-

-

-

-

-

-

-

Other

29,424

46,817

50,804

57,822

41,822

23,883

31,810

23,248

17,364

32,094

35,875

65,667

30,334

37,548

42,641

44,725

29,350

35,598

28,586

22,071

24,613

25,302

20,045

17,203

16,991

16,262

11,648

9,453

7,307

-

-

-

-

-

-

-

-

-

-

Total noninterest income

271,713

335,781

341,401

312,871

215,963

238,516

269,697

279,434

235,143

290,456

298,477

344,692

271,439

309,127

354,458

346,005

277,375

276,927

296,469

301,400

352,846

213,795

212,135

203,281

170,100

182,479

215,095

239,233

213,278

-

-

-

-

-

-

-

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,845

41,286

40,146

40,376

40,623

36,532

34,657

33,878

32,870

Noninterest expense:
Employees' compensation and benefits

196,356

218,629

235,197

215,743

186,696

179,881

205,575

200,632

182,600

205,642

209,747

214,719

186,886

208,760

225,194

217,398

182,761

182,472

200,620

200,291

182,504

133,360

126,472

124,445

106,429

112,415

119,176

132,715

116,190

-

-

-

-

-

-

-

-

-

-

Occupancy and equipment, net

19,522

31,127

27,202

28,219

27,779

30,469

29,015

27,893

27,830

29,658

29,073

27,919

27,293

27,154

27,460

26,971

27,833

30,285

29,341

30,842

29,185

24,252

25,345

25,762

26,338

25,708

20,974

20,154

19,412

-

-

-

-

-

-

-

-

-

-

Professional services

14,798

33,885

24,346

23,753

14,109

27,044

27,984

26,020

24,704

24,220

25,560

26,696

25,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expenses

-

-

14,677

24,981

-

20,694

18,712

24,409

15,532

8,583

31,234

33,184

21,700

14,018

16,055

37,211

21,959

21,630

17,335

41,241

18,860

18,188

22,629

35,275

18,337

16,779

24,631

48,160

21,185

17,410

30,136

39,071

22,542

15,835

23,794

41,101

16,004

17,769

20,534

Policy acquisition and other underwriting expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,064

11,316

11,252

-

11,784

11,740

11,674

12,032

11,571

11,652

11,687

12,120

11,739

11,627

10,803

4,509

13,441

12,793

12,915

12,402

11,441

11,597

11,985

10,733

11,556

Other

51,225

54,351

48,687

50,981

50,163

52,731

54,425

59,563

57,536

60,567

58,228

63,733

59,568

11,308

84,360

74,469

81,384

32,425

74,422

69,203

72,253

58,936

68,727

54,078

49,838

52,730

40,072

47,744

47,401

-

-

-

-

-

-

-

-

-

-

Total noninterest expense

281,901

367,274

350,109

343,677

278,747

310,819

335,711

338,517

308,202

328,670

353,842

366,251

320,492

355,784

364,133

367,365

325,189

338,721

333,502

353,317

314,476

246,768

254,744

251,212

212,629

219,752

216,592

260,400

214,991

-

-

-

-

-

-

-

-

-

-

Income from continuing operations before income taxes

65,599

73,556

104,457

77,742

44,554

38,486

44,698

45,425

32,168

65,025

48,355

88,564

41,342

53,120

85,505

50,161

42,619

33,242

72,585

48,592

129,075

54,416

39,118

44,982

39,650

49,120

59,761

35,969

52,543

15,125

-5,962

-15,952

546

7,787

-1,065

-20,449

2,187

885

-3,987

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,807

57,238

39,600

32,589

41,688

56,981

32,470

32,993

36,857

Income tax expense

15,148

16,494

22,750

17,951

10,137

8,928

7,600

11,034

7,488

51,350

18,003

25,754

15,035

17,582

33,017

18,439

14,423

12,020

25,338

18,137

15,420

20,950

14,010

16,294

14,354

18,090

20,115

13,309

19,170

5,809

-1,914

-5,243

203

2,743

-1,313

-7,216

777

321

-1,358

Income from continuing operations

50,451

-

-

-

34,417

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of income taxes

3,151

-

-

-

5,360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

53,602

51,702

81,707

59,791

39,777

29,558

37,098

34,391

24,680

13,675

30,352

62,810

26,307

35,538

52,488

31,722

28,196

21,222

47,247

30,455

113,655

33,466

25,108

28,688

25,296

31,030

39,646

22,660

33,373

-

-

-

-

-

-

-

-

564

-2,629

Less: Net income attributable to noncontrolling interest

3,966

2,426

2,289

1,980

991

1,443

1,293

1,311

239

247

146

334

-127

217

556

648

629

495

353

405

353

325

296

177

110

160

339

568

300

-

-

-

-

-

-

-

-

-

-

Income attributable to Hilltop

49,636

49,276

79,418

57,811

38,786

28,115

35,805

33,080

24,441

13,428

30,206

62,476

26,434

35,321

51,932

31,074

27,567

20,727

46,894

30,050

113,302

33,141

24,812

28,511

25,186

30,870

39,307

22,092

33,073

-

-

-

-

-

-

-

-

-

-

Dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

428

1,426

1,425

1,426

1,426

1,426

1,342

1,133

1,149

703

-

-

-

-

-

-

-

-

-

-

Income applicable to Hilltop common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,727

46,894

29,622

111,876

31,716

23,386

27,085

23,760

29,528

38,174

20,943

32,370

8,563

-4,048

-10,709

343

5,044

248

-13,233

1,410

-7,219

-5,207

Preferred stock dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,891

2,578

Loss on redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,892

-

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

0.51

-

-

-

0.36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

0.04

-

-

-

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per common share (in dollars per share)

0.55

0.54

0.87

0.62

0.41

0.30

0.38

0.35

0.25

0.14

0.31

0.64

0.27

0.35

0.53

0.32

0.28

0.21

0.47

0.30

1.12

0.36

0.26

0.30

0.26

0.34

0.45

0.25

0.39

0.15

-0.07

-0.19

0.01

0.09

0.00

-0.23

0.02

-0.13

-0.09

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

0.51

-

-

-

0.36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

0.04

-

-

-

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per common share (in dollars per share)

0.55

0.55

0.86

0.62

0.41

0.30

0.38

0.35

0.25

0.15

0.31

0.63

0.27

0.35

0.53

0.32

0.28

0.21

0.47

0.30

1.11

0.35

0.26

0.30

0.26

0.34

0.43

0.24

0.39

0.15

-0.07

-0.19

0.01

0.09

0.00

-0.23

0.02

-0.13

-0.09

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.06

0.06

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average share information:
Basic (in shares)

90,509

90,567

91,745

93,399

93,669

94,067

94,554

95,270

95,985

95,857

96,096

98,154

98,441

98,516

98,490

98,457

98,153

98,393

98,676

99,486

99,741

89,713

89,711

89,709

89,707

87,058

83,493

83,490

83,487

65,792

56,363

56,362

56,499

56,503

56,499

56,498

56,496

56,494

56,491

Diluted (in shares)

90,550

90,665

91,824

93,418

93,669

94,154

94,610

95,358

96,146

95,935

96,306

98,414

98,757

98,636

98,625

98,586

98,669

99,255

99,556

100,410

100,627

90,580

90,558

90,569

90,585

96,827

90,460

90,294

83,743

65,736

56,363

56,362

56,555

56,551

56,499

56,498

56,496

56,494

56,491

Unrealized gains on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,215

-3,071

-5,232

-

1,362

918

-631

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,225

-1,075

1,831

-

477

321

221

-

-

Other comprehensive income (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,990

-1,996

-3,401

-

885

597

-410

-

-

Comprehensive income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,942

-12,705

-3,058

-

1,133

-12,636

1,000

-

-