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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 98,728 $ 104,162 $ 189,136 $ 208,439
Securities borrowed 10,498 15,586 19,315 44,558
Securities:        
Taxable 17,288 11,125 32,869 21,376
Tax-exempt 2,141 2,338 4,560 4,440
Other 6,478 1,607 8,790 2,927
Total interest income 135,133 134,818 254,670 281,740
Interest expense:        
Deposits 5,456 6,176 9,649 13,917
Securities loaned 8,512 12,345 15,984 37,831
Short-term borrowings 3,020 2,374 5,065 4,386
Notes payable 3,809 5,253 8,246 10,050
Junior subordinated debentures   577   1,139
Other 2,280 177 3,679 819
Total interest expense 23,077 26,902 42,623 68,142
Net interest income 112,056 107,916 212,047 213,598
Provision for (reversal of) credit losses 5,336 (28,720) 5,451 (33,829)
Net interest income after provision for (reversal of) credit losses 106,720 136,636 206,596 247,427
Noninterest income:        
Net gains from sale of loans and other mortgage production income 97,543 199,625 208,437 466,705
Mortgage loan origination fees 42,378 42,146 74,440 85,301
Securities commissions and fees 34,757 38,300 71,903 76,614
Investment and securities advisory fees and commissions 32,002 32,268 61,707 59,963
Other 32,593 27,560 39,214 68,901
Total noninterest income 239,273 339,899 455,701 757,484
Noninterest expense:        
Employees' compensation and benefits 205,327 248,486 405,346 518,839
Occupancy and equipment, net 24,231 25,004 48,997 49,433
Professional services 16,246 16,239 26,309 29,824
Other 52,739 53,639 104,241 111,934
Total noninterest expense 298,543 343,368 584,893 710,030
Income before income taxes 47,450 133,167 77,404 294,881
Income tax expense 12,127 31,234 17,942 69,004
Net income 35,323 101,933 59,462 225,877
Less: Net income attributable to noncontrolling interest 2,063 2,873 3,952 6,473
Income attributable to Hilltop $ 33,260 $ 99,060 $ 55,510 $ 219,404
Earnings per common share:        
Basic (in dollars per share) $ 0.45 $ 1.21 $ 0.73 $ 2.68
Diluted (in dollars per share) $ 0.45 $ 1.21 $ 0.73 $ 2.66
Weighted average share information:        
Basic (in shares) 73,693 81,663 76,389 81,914
Diluted (in shares) 73,838 82,199 76,569 82,407