XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans, including fees $ 113,535 $ 102,546 $ 317,403 $ 306,330
Securities borrowed 16,346 11,404 50,132 29,054
Securities:        
Taxable 11,994 10,214 35,463 25,647
Tax-exempt 1,717 1,471 5,186 4,090
Other 4,734 3,309 13,542 8,370
Total interest income 148,326 128,944 421,726 373,491
Interest expense:        
Deposits 12,353 6,841 31,164 16,995
Securities loaned 13,984 8,935 42,798 22,756
Short-term borrowings 7,831 4,567 18,340 9,633
Notes payable 2,702 2,680 7,636 8,320
Junior subordinated debentures 955 774 2,695 2,229
Other 160 167 484 502
Total interest expense 37,985 23,964 103,117 60,435
Net interest income 110,341 104,980 318,609 313,056
Provision (recovery) for loan losses (371) 1,260 (1,838) 8,818
Net interest income after provision (recovery) for loan losses 110,712 103,720 320,447 304,238
Noninterest income:        
Net gains from sale of loans and other mortgage production income 116,243 138,498 354,488 416,336
Mortgage loan origination fees 27,004 25,256 76,948 70,788
Securities commissions and fees 36,968 38,735 114,005 115,596
Investment and securities advisory fees and commissions 23,487 25,620 63,806 73,359
Net insurance premiums earned 34,185 34,493 102,605 106,653
Other 31,810 35,875 72,422 131,876
Total noninterest income 269,697 298,477 784,274 914,608
Noninterest expense:        
Employees' compensation and benefits 205,575 209,747 588,807 611,352
Occupancy and equipment, net 29,015 29,073 84,695 84,285
Professional services 27,984 25,560 78,959 77,301
Loss and loss adjustment expenses 18,712 31,234 58,653 86,118
Other 54,425 58,228 171,316 181,529
Total noninterest expense 335,711 353,842 982,430 1,040,585
Income before income taxes 44,698 48,355 122,291 178,261
Income tax expense 7,600 18,003 26,122 58,792
Net income 37,098 30,352 96,169 119,469
Less: Net income attributable to noncontrolling interest 1,293 146 2,843 353
Income attributable to Hilltop $ 35,805 $ 30,206 $ 93,326 $ 119,116
Earnings per common share:        
Basic (in dollars per share) $ 0.38 $ 0.31 $ 0.98 $ 1.22
Diluted (in dollars per share) 0.38 0.31 0.98 1.22
Cash dividends declared per common share $ 0.07 $ 0.06 $ 0.21 $ 0.18
Weighted average share information:        
Basic (in shares) 94,554 96,096 95,264 97,554
Diluted (in shares) 94,610 96,306 95,355 97,803