0000000000-23-013811.txt : 20240213 0000000000-23-013811.hdr.sgml : 20240213 20231219093604 ACCESSION NUMBER: 0000000000-23-013811 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231219 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Hilltop Holdings Inc. CENTRAL INDEX KEY: 0001265131 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 841477939 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-31987 BUSINESS ADDRESS: STREET 1: 6565 HILLCREST AVE. CITY: DALLAS STATE: TX ZIP: 75205 BUSINESS PHONE: 214.855.2177 MAIL ADDRESS: STREET 1: 6565 HILLCREST AVE. CITY: DALLAS STATE: TX ZIP: 75205 FORMER COMPANY: FORMER CONFORMED NAME: AFFORDABLE RESIDENTIAL COMMUNITIES INC DATE OF NAME CHANGE: 20030929 PUBLIC REFERENCE ACCESSION NUMBER: 0001558370-23-001524 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Furr Chief Financial Officer Hilltop Holdings Inc. 6565 Hillcrest Avenue Dallas, TX 75205 Re: Hilltop Holdings Inc. Form 10-K for Fiscal Year Ended December 31, 2022 Filed February 17, 2023 Form 10-Q for the Quarterly Period Ended September 30, 2023 Filed October 23, 2023 File No. 001-31987 Dear William B. Furr: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-Q for the Quarterly Period Ended September 30, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Loan Portfolio, page 73 1. We note the tabular disclosure on page 73 detailing the composition of your gross loan portfolio, which includes commercial real estate ( CRE ). Given the significance of CRE in your total loan portfolio, please revise your disclosures, in future filings, to further disaggregate the composition of your CRE loan portfolio by borrower type (e.g., by office, hotel, multifamily, etc.), geographic concentrations and other characteristics (e.g., current weighted average and/or range of loan-to-value ratios, occupancy rates, etc.) material to an investor s understanding of your CRE loan portfolio. In addition, revise to describe the specific details of any risk management policies, procedures or other actions undertaken by management in response to the current environment. William B. Furr Hilltop Holdings Inc. December 19, 2023 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Jee Yeon Ahn at 202-551-3673 or Lory Empie at 202-551-3714 with any questions. FirstName LastNameWilliam B. Furr Sincerely, Comapany NameHilltop Holdings Inc. Division of Corporation Finance December 19, 2023 Page 2 Office of Finance FirstName LastName