XML 17 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans, including fees $ 91,551 $ 87,388
Securities borrowed 7,589 10,018
Securities:    
Taxable 6,367 7,049
Tax-exempt 1,637 1,741
Other 1,009 1,473
Total interest income 108,153 107,669
Interest expense:    
Deposits 4,102 4,315
Securities loaned 5,987 7,506
Short-term borrowings 1,120 1,024
Notes payable 2,582 669
Junior subordinated debentures 645 585
Other 176 178
Total interest expense 14,612 14,277
Net interest income 93,541 93,392
Provision for loan losses 3,407 2,687
Net interest income after provision for loan losses 90,134 90,705
Noninterest income:    
Net realized gains on securities 46 4,403
Net gains from sale of loans and other mortgage production income 127,297 120,545
Mortgage loan origination fees 18,813 14,589
Net insurance premiums earned 39,733 39,567
Securities commissions and fees 38,752 42,918
Investment and securities advisory fees and commissions 23,819 24,922
Bargain purchase gain   81,289
Other 29,226 24,613
Total noninterest income 277,686 352,846
Noninterest expense:    
Employees' compensation and benefits 182,655 182,504
Loss and loss adjustment expenses 21,959 18,860
Policy acquisition and other underwriting expenses 11,252 11,674
Occupancy and equipment, net 27,791 29,185
Other 81,544 72,253
Total noninterest expense 325,201 314,476
Income before income taxes 42,619 129,075
Income tax expense 14,423 15,420
Net income 28,196 113,655
Less: Net income attributable to noncontrolling interest 629 353
Income attributable to Hilltop 27,567 113,302
Dividends on preferred stock   1,426
Income applicable to Hilltop common stockholders $ 27,567 $ 111,876
Earnings per common share:    
Basic (in dollars per share) $ 0.28 $ 1.12
Diluted (in dollars per share) $ 0.28 $ 1.11
Weighted average share information:    
Basic (in shares) 98,153 99,741
Diluted (in shares) 98,669 100,627