Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2024

Regulatory Matters

Schedule of actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period

The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including the conservation buffer ratio in effect at the end of the period (dollars in thousands).

									Minimum
									Capital
									Requirements
									Including
									Conservation		To Be Well
	December 31, 2024				December 31, 2023				Buffer		Capitalized
	Amount		Ratio		Amount		Ratio		Ratio		Ratio
Tier 1 capital (to average assets):
PlainsCapital	$	1,317,664	9.99	%	$	1,407,660	10.55	%	4.0	%	5.0	%
Hilltop		2,031,069	12.57	%		1,974,918	12.23	%	4.0	%	N/A
Common equity Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,317,664	15.35	%		1,407,660	15.44	%	7.0	%	6.5	%
Hilltop		2,031,069	21.23	%		1,974,918	19.32	%	7.0	%	N/A
Tier 1 capital (to risk-weighted assets):
PlainsCapital		1,317,664	15.35	%		1,407,660	15.44	%	8.5	%	8.0	%
Hilltop		2,031,069	21.23	%		1,974,918	19.32	%	8.5	%	N/A
Total capital (to risk-weighted assets):
PlainsCapital		1,419,787	16.54	%		1,511,239	16.58	%	10.5	%	10.0	%
Hilltop		2,334,679	24.40	%		2,284,357	22.34	%	10.5	%	N/A

Schedule of reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined)

A reconciliation of equity capital to common equity Tier 1, Tier 1 and total capital (as defined) is as follows (in thousands).

	December 31, 2024				December 31, 2023
	PlainsCapital		Hilltop		PlainsCapital		Hilltop
Total equity capital	$	1,469,492	$	2,189,965	$	1,549,451	$	2,122,967
Add:
Net unrealized holding losses (gains) on securities available for sale and held in trust		111,252		111,497		120,348		121,505
CECL transition adjustment		1,966		2,198		3,932		4,396
Deduct:
Goodwill and other disallowed intangible assets		(265,046)		(272,591)		(266,071)		(273,950)
Common equity Tier 1 capital (as defined)		1,317,664		2,031,069		1,407,660		1,974,918
Add: Tier 1 capital		—		—		—		—
Deduct: Additional Tier 1 capital deductions		—		—		—		—
Tier 1 capital (as defined)		1,317,664		2,031,069		1,407,660		1,974,918
Add: Allowable Tier 2 capital
Allowance for credit losses, including unfunded commitments		107,316		109,035		113,965		120,289
Capital instruments		—		200,000		—		200,000
Deduct:
Additional Tier 2 capital deductions		(5,193)		(5,425)		(10,386)		(10,850)
Total capital (as defined)	$	1,419,787	$	2,334,679	$	1,511,239	$	2,284,357

Schedule of net capital position

At December 31, 2024, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands).

				Momentum
	Hilltop			Independent
	Securities			Network
Net capital	$	264,154		$	5,242
Less: required net capital		6,085			340
Excess net capital	$	258,069		$	4,902
Net capital as a percentage of aggregate debit items		86.8	%
Net capital in excess of 5% aggregate debit items	$	248,941