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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 109,165 $ 99,769 $ 298,301 $ 308,208
Securities borrowed 10,938 8,585 30,252 53,143
Securities:        
Taxable 19,642 12,341 52,512 33,717
Tax-exempt 2,451 2,687 7,011 7,127
Other 14,276 1,796 23,066 4,723
Total interest income 156,472 125,178 411,142 406,918
Interest expense:        
Deposits 12,525 5,303 22,174 19,220
Securities loaned 9,407 6,519 25,390 44,350
Short-term borrowings 5,550 2,400 10,615 6,786
Notes payable 3,907 5,465 12,154 15,515
Junior subordinated debentures   419   1,558
Other 1,597 (18) 5,276 801
Total interest expense 32,986 20,088 75,609 88,230
Net interest income 123,486 105,090 335,533 318,688
Provision for (reversal of) credit losses (780) (5,819) 4,671 (39,648)
Net interest income after provision for (reversal of) credit losses 124,266 110,909 330,862 358,336
Noninterest income:        
Net gains from sale of loans and other mortgage production income 57,998 203,152 266,435 669,857
Mortgage loan origination fees 39,960 38,780 114,400 124,081
Securities commissions and fees 34,076 34,412 105,979 111,026
Investment and securities advisory fees and commissions 35,031 49,646 96,738 109,609
Other 39,910 41,955 79,124 110,856
Total noninterest income 206,975 367,945 662,676 1,125,429
Noninterest expense:        
Employees' compensation and benefits 200,450 258,679 605,796 777,518
Occupancy and equipment, net 25,041 25,428 74,038 74,861
Professional services 10,631 14,542 36,939 44,366
Other 52,616 56,525 156,858 168,459
Total noninterest expense 288,738 355,174 873,631 1,065,204
Income before income taxes 42,503 123,680 119,907 418,561
Income tax expense 9,249 28,257 27,191 97,261
Net income 33,254 95,423 92,716 321,300
Less: Net income attributable to noncontrolling interest 1,186 2,517 5,138 8,990
Income attributable to Hilltop $ 32,068 $ 92,906 $ 87,578 $ 312,310
Earnings per common share:        
Basic (in dollars per share) $ 0.50 $ 1.16 $ 1.21 $ 3.84
Diluted (in dollars per share) $ 0.50 $ 1.15 $ 1.21 $ 3.82
Weighted average share information:        
Basic (in shares) 64,552 80,109 72,400 81,306
Diluted (in shares) 64,669 80,542 72,557 81,763