Segment and Related Information (Tables)

3 Months Ended

Mar. 31, 2025

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).

Three Months Ended March 31, 2025	Banking		Broker-Dealer		Mortgage Origination		Corporate		All Other and Eliminations		Hilltop Consolidated
Interest income	$	158,545	$	34,823	$	11,230	$	2,815	$	(14,614)	$	192,799
Interest expense (1)		67,995		23,255		12,627		3,684		(19,879)		87,682
Net interest income (expense)		90,550		11,568		(1,397)		(869)		5,265		105,117
Noninterest income		10,810		96,937		67,775		43,379		(5,561)		213,340
	$	101,360	$	108,505	$	66,378	$	42,510	$	(296)	$	318,457
Provision for (reversal of) loan losses		9,372		(34)		-		-		-		9,338
Non-variable compensation and benefits		34,102		34,781		28,507		9,420		-		106,810
Variable compensation (2)		-		33,283		24,832		11,315		-		69,430
Occupancy and equipment, net		8,489		4,851		4,775		1,834		(167)		19,782
Professional services		(4,157)		4,456		3,152		755		(92)		4,114
Other segment expense items (3)		13,496		21,952		13,394		2,567		(72)		51,337
	$	51,930	$	99,323	$	74,660	$	25,891	$	(331)	$	251,473
Income (loss) before taxes	$	40,058	$	9,216	$	(8,282)	$	16,619	$	35	$	57,646

Three Months Ended March 31, 2024	Banking		Broker-Dealer		Mortgage Origination		Corporate		All Other and Eliminations		Hilltop Consolidated
Interest income	$	170,395	$	42,185	$	12,244	$	1,915	$	(17,125)	$	209,614
Interest expense (1)		78,789		29,916		16,496		5,018		(24,226)		105,993
Net interest income (expense)		91,606		12,269		(4,252)		(3,103)		7,101		103,621
Noninterest income		11,903		104,578		66,700		5,785		(7,348)		181,618
	$	103,509	$	116,847	$	62,448	$	2,682	$	(247)	$	285,239
Provision for (reversal of) loan losses		(2,853)		(18)		-		-		-		(2,871)
Non-variable compensation and benefits		32,389		34,183		30,506		11,290		-		108,368
Variable compensation (2)		-		35,274		22,188		-		-		57,462
Occupancy and equipment, net		9,335		4,730		5,954		2,060		(167)		21,912
Professional services		1,973		3,129		3,369		1,260		-		9,731
Other segment expense items (3)		12,323		20,631		16,881		2,774		(59)		52,550
	$	56,020	$	97,947	$	78,898	$	17,384	$	(226)	$	250,023
Income (loss) before taxes	$	50,342	$	18,918	$	(16,450)	$	(14,702)	$	(21)	$	38,087

(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 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
March 31, 2025
Goodwill	$	247,368	$	7,008	$	13,071	$	—	$	—	$	267,447
Total assets	$	12,890,500	$	2,846,135	$	912,830	$	2,474,602	$	(3,311,368)	$	15,812,699
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