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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 111,168 $ 110,870
Securities borrowed 13,327 16,859
Securities:    
Taxable 15,695 14,656
Tax-exempt 1,610 1,498
Other 3,075 5,055
Total interest income 144,875 148,938
Interest expense:    
Deposits 15,124 17,106
Securities loaned 11,277 14,738
Short-term borrowings 4,744 5,471
Notes payable 2,418 2,181
Junior subordinated debentures 850 1,001
Other 126 152
Total interest expense 34,539 40,649
Net interest income 110,336 108,289
Provision for credit losses 34,549 951
Net interest income after provision for credit losses 75,787 107,338
Noninterest income:    
Net gains from sale of loans and other mortgage production income 150,486 96,139
Mortgage loan origination fees 28,554 21,873
Securities commissions and fees 40,069 35,969
Investment and securities advisory fees and commissions 23,180 20,160
Other 29,424 41,822
Total noninterest income 271,713 215,963
Noninterest expense:    
Employees' compensation and benefits 196,356 186,696
Occupancy and equipment, net 19,522 27,779
Professional services 14,798 14,109
Other 51,225 50,163
Total noninterest expense 281,901 278,747
Income from continuing operations before income taxes 65,599 44,554
Income tax expense 15,148 10,137
Income from continuing operations 50,451 34,417
Income from discontinued operations, net of income taxes 3,151 5,360
Net income 53,602 39,777
Less: Net income attributable to noncontrolling interest 3,966 991
Income attributable to Hilltop $ 49,636 $ 38,786
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 0.41
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 $ 0.41
Weighted average share information:    
Basic (in shares) 90,509 93,669
Diluted (in shares) 90,550 93,669