XML 86 R69.htm IDEA: XBRL DOCUMENT

Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment and Related Information

Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments

The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands).


Year Ended December 31, 2024		Banking			Broker-Dealer			Mortgage Origination			Corporate			All Other and Eliminations			Hilltop Consolidated
Interest income		$	682,921		$	166,421		$	55,628		$	7,128		$	(75,709)		$	836,389
Interest expense ⁽¹⁾			310,375			117,479			72,495			19,966			(101,724)			418,591
Net interest income (expense)			372,546			48,942			(16,867)			(12,838)			26,015			417,798
Noninterest income			43,295			422,801			313,229			18,515			(26,884)			770,956
		$	415,841		$	471,743		$	296,362		$	5,677		$	(869)		$	1,188,754

Provision for (reversal of) loan losses			992			(51)			-			-			-			941

Non-variable compensation and benefits			130,974			133,638			109,573			38,159			-			412,344
Variable compensation ⁽²⁾			-			153,062			121,720			23			-			274,805
Occupancy and equipment, net			43,765			18,569			21,172			8,393			(666)			91,233
Professional services			8,122			15,897			15,209			5,247			(38)			44,437
Other segment expense items ⁽³⁾			50,093			87,117			62,414			11,288			(175)			210,737
		$	232,954		$	408,283		$	330,088		$	63,110		$	(879)		$	1,033,556

Income (loss) before taxes		$	181,895		$	63,511		$	(33,726)		$	(57,433)		$	10		$	154,257


Year Ended December 31, 2023		Banking			Broker-Dealer			Mortgage Origination			Corporate			All Other and Eliminations			Hilltop Consolidated
Interest income		$	685,727		$	166,934		$	55,559		$	7,098		$	(76,943)		$	838,375
Interest expense ⁽¹⁾			287,791			114,040			75,864			20,059			(126,226)			371,528
Net interest income (expense)			397,936			52,894			(20,305)			(12,961)			49,283			466,847
Noninterest income			45,830			403,538			316,840			12,887			(50,122)			728,973
		$	443,766		$	456,432		$	296,535		$	(74)		$	(839)		$	1,195,820

Provision for (reversal of) loan losses			18,525			(133)			-			-			-			18,392

Non-variable compensation and benefits			123,345			121,411			132,142			37,451			-			414,349
Variable compensation ⁽²⁾			-			144,984			118,977			-			-			263,961
Occupancy and equipment, net			36,473			18,781			26,837			7,900			(665)			89,326
Professional services			12,008			16,502			14,102			6,488			-			49,100
Other segment expense items ⁽³⁾			54,408			81,346			67,227			8,792			(200)			211,573
		$	226,234		$	383,024		$	359,285		$	60,631		$	(865)		$	1,028,309

Income (loss) before taxes		$	199,007		$	73,541		$	(62,750)		$	(60,705)		$	26		$	149,119


Year Ended December 31, 2022		Banking			Broker-Dealer			Mortgage Origination			Corporate			All Other and Eliminations			Hilltop Consolidated
Interest income		$	483,613		$	112,502		$	52,315		$	6,914		$	(64,228)		$	591,116
Interest expense⁽¹⁾			70,010			60,905			62,844			20,049			(81,667)			132,141
Net interest income (expense)			413,603			51,597			(10,529)			(13,135)			17,439			458,975
Noninterest income			49,307			341,943			452,915			7,525			(19,230)			832,460
		$	462,910		$	393,540		$	442,386		$	(5,610)		$	(1,791)		$	1,291,435

Provision for loan losses			8,250			59			-			-			-			8,309

Non-variable compensation and benefits			137,532			112,440			170,169			31,038			-			451,179
Variable compensation ⁽²⁾			-			138,705			183,804			-			-			322,509
Occupancy and equipment, net			37,226			19,759			31,800			9,028			(698)			97,115
Professional services			9,823			15,607			13,141			9,924			-			48,495
Other segment expense items ⁽³⁾			50,609			69,202			79,990			9,040			(1,140)			207,701
		$	235,190		$	355,713		$	478,904		$	59,030		$	(1,838)		$	1,126,999

Income (loss) before taxes		$	219,470		$	37,768		$	(36,518)		$	(64,640)		$	47		$	156,127

(1)	Significant interest expenses for each reportable segment that are regularly provided to the CODM include:

Banking segment – primarily comprised of deposit interest expense.

Broker-dealer segment – primarily comprised of securities loaned and short-term borrowings interest expense.

Mortgage origination segment – primarily comprised of interest incurred on warehouse lines of credit held with the Bank.

(2)	Variable compensation represents performance-based commissions and incentives.

(3)

Other segment items for certain reportable segments that are regularly provided to the CODM include:
  Broker-dealer – included brokerage commission and fees expense and travel, meals and entertainment expense.
  Mortgage origination segment – included mortgage origination and servicing expenses, unreimbursed loan closing costs and business development expense.


								Mortgage						All Other and			Hilltop
		Banking			Broker-Dealer			Origination			Corporate			Eliminations			Consolidated
December 31, 2024
Goodwill		$	247,368		$	7,008		$	13,071		$	—		$	—		$	267,447

Total assets		$	13,354,407		$	2,823,582		$	1,010,727		$	2,601,888		$	(3,522,475)		$	16,268,129

December 31, 2023
Goodwill		$	247,368		$	7,008		$	13,071		$	—		$	—		$	267,447

Total assets		$	13,288,627		$	2,929,296		$	1,181,316		$	2,543,057		$	(3,475,300)		$	16,466,996