Hilltop Holdings Inc
(NYSE:HTH)

Hilltop Holdings Inc. provides business and consumer banking, and financial products and services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of...

Website: http://www.hilltop-holdings.com

Founded: 1998

Full Time Employees: 4,800

Sector: Financial Services

Industry: Banks-Regional

Financial Services

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2017-12-31	2017-06-30	2017-03-31	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-09-30	2004-06-30	2004-03-31

interest income:
loans, including fees	133,546,000	135,773,000	131,793,000	124,692,000	131,726,000	139,821,000	138,627,000	134,331,000	138,095,000	142,402,000	138,397,000	123,379,000	117,906,000	109,165,000	98,728,000	90,408,000	96,104,000	99,769,000	104,162,000	104,277,000	109,328,000	104,955,000	107,860,000	111,168,000	115,696,000	119,580,000	114,325,000	110,870,000	113,535,000	103,924,000		113,793,000	89,991,000	98,468,000	91,551,000	111,315,000	96,967,000	87,388,000	88,791,000	80,719,000	92,204,000	79,744,000	86,562,000	68,121,000	65,213,000	64,886,000
securities borrowed	17,753,000	21,175,000	20,544,000	15,809,000	17,492,000	19,426,000	20,306,000	20,561,000	18,659,000	17,683,000	18,515,000	17,068,000	14,162,000	10,938,000	10,498,000	8,817,000	8,524,000	8,585,000	15,586,000	28,972,000			12,883,000	13,327,000	13,346,500	21,010,000		16,859,000	16,346,000	17,486,000		9,597,000	8,053,000	6,326,000	7,589,000	10,116,000	9,675,000	10,018,000
securities:
taxable	25,088,000	25,452,000	25,811,000	24,782,000	29,212,000	26,265,000	25,289,000	26,241,000	28,763,000	27,166,000	26,719,000	25,602,000	23,293,000	19,642,000	17,288,000	15,581,000	13,916,000	12,341,000	11,125,000	10,251,000	9,845,000	11,035,000	11,698,000	15,695,000	16,040,000	15,764,000	14,684,000	15,616,000	11,994,000	12,516,000		9,539,000	7,027,000	6,834,000	6,367,000	6,262,000	6,227,000	7,049,000	6,312,000	7,688,000	7,618,000	7,588,000	7,484,000	7,202,000	6,480,000	5,863,000
tax-exempt	3,509,000	3,512,000	3,087,000	2,613,000	2,944,000	2,438,000	2,389,000	2,415,000	2,545,000	2,464,000	2,566,000	3,188,000	3,002,000	2,451,000	2,141,000	2,419,000	2,639,000	2,687,000	2,338,000	2,102,000	1,862,000	1,687,000	1,539,000	1,610,000	1,572,000	1,576,000	1,513,000	1,498,000	1,717,000	1,697,000		1,375,000	1,244,000	1,537,000	1,637,000	1,683,000	1,557,000	1,741,000	1,102,000	1,150,000	1,187,000	1,242,000	1,187,000	1,052,000	1,189,000	1,347,000
other	13,913,000	14,349,000	15,946,000	24,903,000	27,216,000	23,092,000	20,532,000	26,066,000	28,705,000	27,040,000	27,229,000	22,190,000	21,611,000	14,276,000	6,478,000	2,312,000	1,872,000	1,796,000	1,607,000	1,321,000	1,381,000	1,446,000	951,000	3,075,000	3,273,000	4,026,000	4,017,000	5,197,000	4,734,000	4,417,000		2,002,000	1,926,000	1,037,000	1,009,000	1,169,000	1,236,000	1,473,000	2,715,000	3,347,000	3,068,000	2,640,000	2,819,000	2,546,000	3,009,000	2,105,000
total interest income	193,809,000	200,261,000	197,181,000	192,799,000	208,590,000	211,042,000	207,143,000	209,614,000	216,767,000	216,755,000	213,426,000	191,427,000	179,974,000	156,472,000	135,133,000	119,537,000	123,055,000	125,178,000	134,818,000	146,923,000	136,861,000	129,828,000	134,931,000	144,875,000	152,777,000	161,956,000	150,056,000	150,040,000	148,326,000	140,040,000		136,306,000	108,241,000	114,202,000	108,153,000	130,545,000	115,662,000	107,669,000	99,316,000	93,217,000	104,408,000	91,828,000	99,065,000	79,238,000	76,168,000	74,555,000
																					1,350	1,700	1,420
interest expense:
deposits	54,167,000	57,001,000	57,056,000	60,051,000	67,411,000	70,641,000	68,095,000	69,144,000	68,339,000	64,290,000	54,726,000	35,824,000	28,238,000	12,525,000	5,456,000	4,193,000	4,404,000	5,303,000	6,176,000	7,741,000	9,269,000	10,700,000	11,947,000	15,124,000	17,480,000	18,887,000	18,036,000	17,106,000	12,353,000	10,136,000		5,464,000	4,690,000	4,037,000	4,102,000	3,719,000	3,900,000	4,315,000	4,770,000	4,117,000	3,096,000	3,759,000	4,336,000	3,685,000	3,406,000	3,450,000
securities loaned	16,020,000	19,430,000	17,662,000	14,736,000	16,407,000	18,499,000	18,669,000	19,039,000	17,247,000	16,169,000	16,413,000	15,346,000	13,180,000	9,407,000	8,512,000	7,472,000	6,624,000	6,519,000	12,345,000	25,486,000			10,796,000	11,277,000	11,524,250	17,889,000		14,738,000	13,984,000	15,075,000		7,481,000	6,340,000	4,916,000	5,987,000	7,110,000	6,889,000	7,506,000
short-term borrowings	7,637,000	7,867,000	7,694,000	8,103,000	10,992,000	10,878,000	10,676,000	11,588,000	13,496,000	14,212,000	17,706,000	12,444,000	10,278,000	5,550,000	3,020,000	2,045,000	2,279,000	2,400,000	2,374,000	2,013,000	2,154,000	2,346,000	2,367,000	4,744,000	6,244,000	8,166,000	6,897,000	5,471,000	7,831,000	6,466,000		3,648,000	1,418,000	1,392,000	1,120,000	1,189,000	1,143,000	1,024,000	606,000	665,000	539,000	395,000	326,000	384,000	591,000	513,000
notes payable	2,317,000	2,404,000	3,106,000	3,653,000	3,910,000	3,555,000	3,604,000	3,590,000	3,596,000	4,026,000	3,973,000	3,853,000	3,987,000	3,907,000	3,809,000	4,437,000	5,871,000	5,465,000	5,253,000	4,797,000	4,807,000	4,904,000	3,768,000	2,418,000	2,769,000	2,715,000	2,629,000	2,641,000	2,702,000	2,437,000		2,826,000	2,814,000	2,618,000	2,582,000	2,524,000	2,289,000	669,000	619,000	633,000	632,000	648,000	3,588,000	2,294,000	2,308,000	2,322,000
total interest expense	81,282,000	87,873,000	86,507,000	87,682,000	103,106,000	105,999,000	103,493,000	105,993,000	105,542,000	101,105,000	95,160,000	69,722,000	56,532,000	32,986,000	23,077,000	19,546,000	18,761,000	20,088,000	26,902,000	41,241,000	29,489,000	27,928,000	30,373,000	34,539,000	41,490,000	48,744,000	42,180,000	41,109,000	37,985,000	35,192,000		20,330,000	16,141,000	13,805,000	14,612,000	15,334,000	14,995,000	14,277,000	7,802,000	7,457,000	5,962,000	6,407,000	10,002,000	7,786,000	7,743,000	7,343,000
net interest income	112,527,000	112,388,000	110,674,000	105,117,000	105,484,000	105,043,000	103,650,000	103,621,000	111,225,000	115,650,000	118,266,000	121,705,000	123,442,000	123,486,000	112,056,000	99,991,000	104,294,000	105,090,000	107,916,000	105,682,000	107,372,000	101,900,000	104,558,000	110,336,000	111,287,000	113,212,000	107,876,000	108,931,000	110,341,000	104,848,000		115,976,000	92,100,000	100,397,000	93,541,000	115,211,000	100,667,000	93,392,000	91,514,000	85,760,000	98,446,000	85,421,000	89,063,000	71,452,000	68,425,000	67,212,000
provision for (reversal of) credit losses	7,824,000	-2,511,000		9,338,000	1,698,250	-1,270,000		-2,871,000	1,265,000	-40,000			1,167,750	-780,000	5,336,000	115,000	-18,565,000	-5,819,000	-28,720,000	-5,109,000
net interest income after provision for (reversal of) credit losses	104,703,000	114,899,000		95,779,000	76,380,250	106,313,000		106,492,000	109,960,000	115,690,000			82,715,500	124,266,000	106,720,000	99,876,000	122,859,000	110,909,000	136,636,000	110,791,000
noninterest income:
net gains from sale of loans and other mortgage production income	49,580,000	51,730,000	51,945,000	45,281,000	43,553,000	47,816,000	58,455,000	40,197,000	36,387,000	47,262,000	48,535,000	39,966,000	35,949,000	57,998,000	97,543,000	110,894,000	156,103,000	203,152,000	199,625,000	267,080,000	247,360,000	307,896,000	295,317,000	150,486,000	120,573,000	157,050,000	131,173,000	96,139,000	116,243,000	132,478,000		153,688,000	124,150,000	167,012,000	127,297,000	137,303,000	147,175,000	120,545,000	96,575,000	108,621,000	106,054,000	79,111,000	82,067,000	105,337,000	142,531,000	127,596,000
mortgage loan origination fees	26,602,000	24,850,000	28,738,000	22,451,000	30,111,000	32,119,000	34,398,000	26,438,000	32,844,000	41,478,000	41,440,000	28,777,000	35,198,000	39,960,000	42,378,000	32,062,000	35,930,000	38,780,000	42,146,000	43,155,000	50,193,000	47,681,000	45,341,000	28,554,000	36,939,000	37,782,000	33,409,000	21,873,000	27,004,000	29,318,000		25,976,000	19,556,000	25,797,000	18,813,000	22,647,000	20,958,000	14,589,000	16,091,000	17,593,000	16,983,000	12,344,000	16,057,000	22,091,000	22,695,000	18,893,000
securities commissions and fees	26,372,000	38,719,000	33,041,000	33,728,000	35,338,000	30,434,000	29,510,000	35,557,000	33,002,000	28,044,000	29,606,000	31,223,000	33,143,000	34,076,000	34,757,000	37,146,000	32,801,000	34,412,000	38,300,000	38,314,000	35,921,000	32,496,000	34,234,000	40,069,000	33,205,000	34,426,000	34,142,000	35,969,000	36,968,000	38,320,000		37,804,000	39,057,000	40,444,000	38,752,000	39,070,000	41,137,000	43,051,000
investment and securities advisory fees and commissions	33,426,750	53,349,000	43,730,000	36,628,000	37,514,000	42,220,000	32,992,000	30,226,000	35,781,000	39,662,000	32,037,000	26,848,000	30,661,000	35,031,000	32,002,000	29,705,000	42,834,000	49,646,000	32,268,000	27,695,000	22,291,500		29,120,000	23,180,000	17,926,000	28,685,000		20,160,000	23,487,000	21,965,000		25,537,000	22,202,000	29,354,000	23,819,000	27,667,000	29,665,000		34,220,000	24,055,000	22,264,000	21,335,000	22,810,000	22,310,000	25,964,000	22,009,000
total noninterest income	217,360,000	217,807,000	192,634,000	213,340,000	195,590,000	200,443,000	193,305,000	181,618,000	178,979,000	196,849,000	190,652,000	162,494,000	169,784,000	206,975,000	239,273,000	216,428,000	284,846,000	367,945,000	339,899,000	417,585,000	447,931,000	502,711,000	468,125,000	271,713,000	299,276,000	341,401,000	312,871,000	252,468,000	269,697,000	279,434,000		344,692,000	271,439,000	346,005,000	277,686,000	296,469,000	301,400,000	354,372,000	213,795,000	212,135,000	203,281,000	170,100,000	191,816,000	205,758,000	239,233,000	213,327,000
noninterest expense:
employees' compensation and benefits	187,960,000	190,027,000	176,410,000	176,240,000	173,334,000	177,987,000	169,998,000	165,830,000	160,390,000	173,195,000	176,908,000	167,817,000	167,892,000	200,450,000	205,327,000	200,019,000	229,717,000	258,679,000	248,486,000	270,353,000	291,489,000	294,907,000	276,893,000	196,356,000	215,427,000	235,197,000	215,743,000	189,898,000	205,575,000	200,632,000		214,413,000	186,559,000	217,346,000	182,655,000	200,620,000	200,381,000
occupancy and equipment	20,818,000	19,930,000	21,064,000	19,782,000	25,707,000	22,317,000	21,297,000	21,912,000	21,524,000	21,912,000	23,025,000	22,865,000	23,077,000	25,041,000	24,231,000	24,766,000	25,741,000	25,428,000	25,004,000	24,429,000	27,596,000	26,124,000	26,174,000	19,522,000	30,883,000	27,202,000	28,219,000	28,023,000	29,015,000	27,893,000		27,919,000	27,293,000	26,937,000	27,791,000	29,341,000	30,842,000	29,185,000	24,252,000	25,345,000	25,762,000	26,338,000	25,708,000	20,974,000	20,154,000	19,412,000
professional services	12,386,000	12,681,000	10,820,000	4,114,000	12,791,000	11,645,000	10,270,000	9,731,000	13,170,000	12,639,000	12,594,000	10,697,000	11,556,000	10,631,000	16,246,000	10,063,000	9,904,000	14,542,000	16,239,000	13,585,000	21,927,000	17,522,000	15,737,000	14,798,000	25,052,000	24,346,000	23,753,000	22,942,000	27,984,000	26,020,000
total noninterest expense	268,921,000	271,903,000	261,176,000	251,473,000	262,757,000	264,312,000	256,464,000	250,023,000	250,845,000	260,017,000	266,977,000	250,470,000	253,368,000	288,738,000	298,543,000	286,350,000	322,194,000	355,174,000	343,368,000	366,662,000	402,348,000	399,345,000	370,209,000	281,901,000	336,936,000	350,109,000	343,677,000	309,085,000	335,711,000	338,517,000		366,251,000	320,492,000	367,365,000	325,201,000	333,502,000	353,317,000	314,476,000	246,768,000	254,744,000	251,212,000	212,629,000	219,727,000	216,617,000	260,400,000	214,991,000
income before income taxes	53,142,000	60,803,000	49,472,000	57,646,000	44,169,000	42,444,000	29,557,000	38,087,000	38,094,000	52,522,000	27,105,000	31,398,000	29,976,750	42,503,000	47,450,000	29,954,000									66,747,000	104,457,000	77,742,000	51,363,000	44,698,000	45,425,000		88,564,000	41,342,000	50,161,000	42,619,000	72,585,000	48,592,000	130,601,000	54,416,000	39,118,000	44,982,000	39,650,000	58,946,000	49,935,000	35,969,000	52,543,000
income tax expense	10,218,000	14,129,000	11,583,000	13,114,000	6,285,000	9,539,000	6,658,000	8,565,000	7,132,000	13,211,000	7,167,000	3,630,000	9,642,000	9,249,000	12,127,000	5,815,000	20,715,000	28,257,000	31,234,000	37,770,000	39,295,000	46,820,000	31,808,000	15,148,000	15,045,000	22,750,000	17,951,000	11,586,000	7,600,000	11,034,000		25,754,000	15,035,000	18,439,000	14,423,000	25,338,000	18,137,000	15,420,000	11,164,500	14,010,000	16,294,000	14,354,000			13,309,000	19,170,000
net income	42,924,000	46,674,000	37,889,000	44,532,000	37,884,000	32,905,000	22,899,000	29,522,000	30,962,000	39,311,000	19,938,000	27,768,000	26,578,000	33,254,000	35,323,000	24,139,000	64,796,000	95,423,000	101,933,000	123,944,000	120,876,000	159,784,000	135,415,000	53,602,000	51,702,000	81,707,000	59,791,000	39,777,000	37,098,000	34,391,000		62,810,000	26,307,000	31,722,000	28,196,000	47,247,000	30,455,000	115,181,000	33,466,000	25,108,000	28,688,000	25,296,000	37,373,000	33,303,000	22,660,000	33,373,000	-3,603,500	-4,048,000				248,000		1,410,000			-6,387,000			2,825,000
yoy	13.30%	41.84%	65.46%	50.84%	22.36%	-16.30%	14.85%	6.32%	16.49%	18.21%	-43.56%	15.03%	-58.98%	-65.15%	-65.35%	-80.52%	-46.39%	-40.28%	-24.73%	131.23%	133.79%	95.56%	126.48%	34.76%	39.37%	137.58%		-36.67%	41.02%	8.41%		32.94%	-13.62%	-72.46%	-15.75%	88.18%	6.16%	355.33%	-10.45%	-24.61%	26.60%	-24.20%	-1137.13%	-922.70%				-1732.26%
qoq	-8.03%	23.19%	-14.92%	17.55%	15.13%	43.70%	-22.43%	-4.65%	-21.24%	97.17%	-28.20%	4.48%	-20.08%	-5.86%	46.33%	-62.75%	-32.10%	-6.39%	-17.76%	2.54%	-24.35%	18.00%	152.63%	3.67%	-36.72%	36.65%	50.32%	7.22%	7.87%			138.76%	-17.07%	12.51%	-40.32%	55.14%	-73.56%	244.17%	33.29%	-12.48%	13.41%	-32.31%	12.22%	46.97%	-32.10%	-1026.13%	-10.98%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-11.60%	-9.45%	0%	0%	0%	0.61%	0%	4.07%	NaN%	0%	-7.69%	0%	0%	4.58%	0%	0%	0%	0%	0%	0%	NaN%	NaN%
less: net income attributable to noncontrolling interest	1,340,000	856,000	1,816,000	2,416,000	2,365,000	3,212,000	2,566,000	1,854,000	2,291,000	2,269,000	1,805,000	1,968,000	1,022,000	1,186,000	2,063,000	1,889,000	2,611,000	2,517,000	2,873,000	3,599,000	4,431,000	6,505,000	6,939,000	3,966,000	2,426,000	2,289,000	1,980,000	991,000	1,293,000	1,311,000		334,000	-127,000	648,000	629,000	353,000	405,000	353,000	325,000	296,000	177,000	110,000	160,000	339,000	568,000	300,000
income attributable to hilltop	41,584,000	45,818,000	36,073,000	42,116,000	35,519,000	29,693,000	20,333,000	27,668,000	28,671,000	37,042,000	18,133,000	25,800,000	25,556,000	32,068,000	33,260,000	22,250,000	62,185,000	92,906,000	99,060,000	120,345,000	116,445,000	153,279,000	128,476,000	49,636,000	49,276,000	79,418,000	57,811,000	38,786,000	35,805,000	33,080,000		62,476,000	26,434,000	31,074,000	27,567,000	46,894,000	30,050,000	114,828,000	33,141,000	24,812,000	28,511,000	25,186,000	37,213,000	32,964,000
earnings per common share:
basic	690	740	570	650	550	460	310	420	440	570	280	400	302.5	500	450	280									550	870	620	410	380	350		640	270	320	280	470	300	1,130	360	260	300	260	420	380	250	390
diluted	690	740	570	650	550	460	310	420	440	570	280	400	302.5	500	450	280									550	860	620	410	380	350		630	270	320	280	470	300	1,130	350	260	300	260	420	360	240	390
weighted-average share information:
basic	62,700,000	62,146,000	63,637,000	64,613,000	65,036,000	64,928,000	65,085,000	65,200,000	65,043,000	65,106,000	65,025,000	64,901,000	70,434,000	64,552,000	73,693,000	79,114,000	80,708,000	80,109,000	81,663,000	82,169,000	89,280,000	90,200,000	90,164,000	90,509,000	92,345,000	91,745,000	93,399,000	93,669,000	94,554,000	95,270,000	97,137,000	98,154,000	98,441,000	98,457,000	98,153,000	98,676,000	99,486,000	99,741,000	89,710,000	89,711,000	89,709,000	89,707,000	84,382,000	83,493,000	83,490,000	83,487,000	58,754,000
diluted	62,709,000	62,168,000	63,638,000	64,615,000	65,046,000	64,946,000	65,086,000	65,214,000	65,045,000	65,108,000	65,054,000	64,954,000	70,626,000	64,669,000	73,838,000	79,356,000	81,173,000	80,542,000	82,199,000	82,657,000	89,304,000	90,200,000	90,164,000	90,550,000	92,394,000	91,824,000	93,418,000	93,669,000	94,610,000	95,358,000	97,353,000	98,414,000	98,757,000	98,586,000	98,669,000	99,556,000	100,410,000	100,627,000	90,573,000	90,558,000	90,569,000	90,585,000	90,331,000	90,460,000	90,294,000	83,743,000	58,754,000
benefit from (reversal of) credit losses			-7,340,000																		24,993,250	-602,000	66,026,000
net interest income after benefit from (reversal of) credit losses			118,014,000																		54,205,250	102,502,000	38,532,000
provision for credit losses							10,934,000				14,836,000	2,331,000												34,549,000
net interest income after provision for credit losses							92,716,000				103,430,000	119,374,000												75,787,000
junior subordinated debentures																		419,000	577,000	562,000	609,000	608,000	705,000	850,000	909,000	955,000	986,000	1,001,000	955,000	918,000		744,000	711,000	655,000	645,000	605,000	595,000	585,000	595,000	594,000	587,000	584,000	598,000	591,000	612,000	608,000
income from continuing operations before income taxes																	85,511,000	123,680,000	133,167,000	161,714,000	156,437,000	205,868,000	136,448,000	65,599,000
income from continuing operations																	64,796,000	95,423,000	101,933,000	123,944,000			104,640,000	50,451,000
income from discontinued operations, net of income taxes																							30,775,000	3,151,000
earnings per common share:
basic:
earnings from continuing operations																	800	1,160	1,210	1,460	1,300	1,690	1,080	510
earnings from discontinued operations																								40
diluted:
earnings (losses) from discontinued operations																							340
provision (recovery) for loan losses																									81,500	47,000	-672,000	951,000	-371,000	340,000
net interest income after provision (recovery) for loan losses																									82,423,250	113,165,000	108,548,000	107,980,000	110,712,000	104,508,000
net insurance premiums earned																									32,961,000	32,654,000	33,466,000	33,203,000	34,185,000	34,105,000		36,020,000	36,140,000	38,721,000	39,733,000	41,196,000	40,318,000	39,567,000	41,607,000	41,821,000	40,777,000	40,319,000	41,488,000	39,982,000	38,590,000	37,473,000
loss and loss adjustment expenses																									14,356,000	14,677,000	24,981,000	14,926,000	18,712,000	24,409,000		33,184,000	21,700,000	37,211,000	21,959,000	17,335,000	41,241,000	18,860,000	18,188,000	22,629,000	35,275,000	18,337,000	16,779,000	24,631,000	48,160,000	21,185,000	17,410,000	30,136,000	39,071,000	22,542,000	15,835,000	23,794,000	41,101,000	16,004,000
cash dividends declared per common share																													70	70		60	60
benefit from loan losses																																5,853,000	1,705,000	28,876,000	3,407,000	5,593,000	158,000	2,687,000	4,125,000	4,033,000	5,533,000	3,242,000	2,206,000	10,658,000
net interest income after benefit from loan losses																																110,123,000	90,395,000	71,521,000	90,134,000	109,618,000	100,509,000	90,705,000	87,389,000	81,727,000	92,913,000	82,179,000	86,857,000	60,794,000
net realized gains on securities																																14,000		-46,000	46,000			4,403,000					3,795,000	1,142,000
policy acquisition and other underwriting expenses																																11,251,000	11,229,000	11,316,000	11,252,000	11,784,000	11,740,000	11,674,000	12,032,000	11,571,000	11,652,000	11,687,000	12,120,000	11,739,000	11,627,000	10,803,000	4,509,000	13,441,000	12,793,000	12,915,000	12,402,000	11,441,000	11,597,000	11,985,000
bargain purchase gain																																						82,816,000					9,314,000	3,271,000
dividends on preferred stock																																					428,000	1,426,000	1,425,000	1,426,000	1,426,000	1,426,000	1,342,000	1,133,000	1,149,000	703,000
income applicable to hilltop common stockholders																																		31,074,000	27,567,000	46,894,000	29,622,000	113,402,000	31,716,000	23,386,000	27,085,000	23,760,000	35,871,000	31,831,000
investment banking and advisory fees																																						24,922,000
employees’ compensation and benefits																																						182,573,000	133,426,000	126,406,000	124,445,000	106,429,000	92,020,250	119,176,000	132,715,000	116,190,000
federal funds sold and securities purchased under agreements to resell																																							9,000	10,000	14,000	19,000	22,000	35,000	35,000	21,000
interest-bearing deposits with banks																																							387,000	303,000	317,000	595,000	991,000	282,000	242,000	333,000
income tax benefit																																											21,573,000	16,632,000			1,738,500	1,914,000	5,243,000	1,831	-2,743,000	1,313,000	7,216,000
provision for loan losses																																													11,289,000	13,005,000
net interest income after provision for loan losses																																													57,136,000	54,207,000
income attributable to hilltop holdings																																													22,092,000	33,073,000
income applicable to hilltop holdings common stockholders																																													20,943,000	32,370,000
revenue:
net premiums earned																																															27,259,500	37,688,000	36,195,000	35,155,000	35,605,000	34,943,000	32,568,000	30,932,000		26,478,000	16,719,000
net investment income																																															2,434,000	3,254,000	3,223,000	3,259,000	3,117,000	3,111,000	2,229,000	2,081,000		1,940,000	1,331,000
other income																																															1,364,250	1,895,000	1,851,000	1,711,000	1,680,000	1,757,000	1,723,000	1,625,000
net realized gains on investments																																																								117,000	66,000
other realized investment gains																																															11,500	8,000	17,000	21,000	-26,000	812,000	12,000	19,000
total realized investment gains																																															11,500	8,000	17,000	21,000	-26,000	812,000	12,000	19,000
total revenue																																															31,069,250	42,845,000	41,286,000	40,146,000	40,376,000	40,623,000	36,532,000	34,657,000		94,776,000	83,104,000	60,936,000	61,178,000	61,624,000	60,635,000	81,736,000	59,244,000	75,644,000	64,600,000	62,512,000
yoy																																															-23.05%	5.47%	13.01%	15.84%		-57.14%	-56.04%	-43.13%		53.80%	37.06%	-25.45%	3.26%	-18.53%	-6.14%	30.75%
qoq																																															-27.48%	3.78%	2.84%	-0.57%	-0.61%	11.20%	5.41%			14.05%	36.38%	-0.40%	-0.72%	1.63%	-25.82%	37.97%	-21.68%	17.10%	3.34%
expenses:
general and administrative expenses																																															1,828,000	2,755,000	2,913,000	1,644,000	1,602,000	3,783,000	1,612,000	1,873,000
depreciation and amortization																																															256,250	335,000	330,000	360,000	427,000	429,000	426,000	432,000		21,745,000	21,865,000	21,282,000	21,145,000	21,790,000	21,704,000	26,529,000	18,546,000	22,224,000	20,031,000	19,413,000
interest expense																																															1,602,500	2,140,000	2,131,000	2,139,000	2,323,000	2,241,000	2,245,000	2,176,000		19,663,000	18,488,000	18,707,000	18,740,000	20,016,000	19,754,000	28,167,000	16,989,000	16,544,000	15,329,000	13,981,000
total expenses																																															36,411,250	48,807,000	57,238,000	39,600,000	32,589,000	41,688,000	56,981,000	32,470,000		102,795,000	89,445,000	74,374,000	74,356,000	75,160,000	74,027,000	143,830,000	152,791,000	92,272,000	79,016,000	76,258,000
loss before income tax benefit
loss per share attributable to common stockholders
basic loss per share																																															-0.065	-0.07	-0.19				-0.23			-0.18	-0.17	0.02	-0.37	-0.37	-0.37	-1.49	-2.24	-0.45	-0.39	-0.38
diluted loss per share																																															-0.065	-0.07	-0.19				-0.23			-0.18	-0.17	0.02	-0.37	-0.37	-0.37	-1.49	-2.24	-0.45	-0.39	-0.38
weighted-average share information
basic shares outstanding																																															14,102	56,363	56,362	56,499	1	56,499	56,498	56,496		56,394	52,328	10,315.75	41,313	41,292	41,179
diluted shares outstanding																																															14,102	56,363	56,362	56,555	13	56,499	56,498	56,496												45,043
other comprehensive income, before tax
unrealized gains on available-for-sale securities																																															228	9,215
other comprehensive income, net of tax																																															148.25	5,990
comprehensive income attributable to common stockholders																																															-3,455.25	1,942		-3,058
income before income tax benefit
net income attributable to common stockholders																																																	-10,709,000	343,000	-2,893,750	248,000		1,410,000						247,000
comprehensive loss attributable to common stockholders																																																	-12,705
income before income tax expense																																																		546,000				2,187,000
income per share attributable to common stockholders
basic income per share																																																		0.01	-0.05			0.02						0.38	0.27					-0.04
diluted income per share																																																		0.01	-0.05			0.02						0.38	0.27					-0.04
other comprehensive loss:
unrealized losses on available-for-sale securities
other comprehensive loss, net of tax
other-than-temporary impairments on fixed maturity securities
preferred stock dividend																																																									-2,578,000
loss on redemption of preferred stock
net loss attributable to common stockholders																																																					-13,233,000			-9,933,000	-8,965,000	-3,386,500	-9,846,000		-3,947,000	-33,791,000	-126,929,000	-18,193,000	-15,872,000	-17,211,000
revenue
rental income																																																								54,274,000	53,642,000	51,874,000	52,114,000	52,047,000	51,230,000	65,811,000	43,519,000	51,366,000	50,858,000	52,574,000
sales of manufactured homes																																																								2,952,000	2,535,000	2,066,000	1,916,000	2,993,000	2,672,000	8,919,000	9,795,000	18,288,000	7,990,000	4,024,000
utility and other income																																																								6,843,000	7,120,000	6,420,000	6,590,000	6,339,000	6,554,000	7,483,000	5,657,000	5,835,000	5,646,000	5,880,000
fee and other insurance income																																																								1,784,000	1,317,000
net consumer finance interest income																																																								388,000	374,000	576,000	558,000	245,000	179,000	119,250	273,000	155,000	106,000	34,000
expenses
property operations																																																								17,873,000	17,589,000	18,691,000	18,847,000	16,299,000	16,569,000	27,625,000	17,645,000	20,042,000	20,194,000	22,311,000
real estate taxes																																																								4,843,000	4,837,000	4,754,000	4,816,000	5,028,000	5,178,000	6,026,000	3,453,000	4,407,000	4,291,000	4,267,000
losses and loss adjustment expenses																																																								18,638,000	8,877,000
cost of manufactured homes sold																																																								2,438,000	2,090,000	1,746,000	1,502,000	2,565,000	2,332,000	10,758,000	10,516,000	16,190,000	8,215,000	3,793,000
retail home sales, finance and other																																																								2,094,000	1,864,000
property management																																																								1,971,000	1,847,000	2,045,000	1,549,000	1,586,000	1,592,000	1,935,000	3,087,000	2,494,000	2,265,000	1,978,000
general and administrative																																																								5,597,000	5,385,000	5,265,000	4,974,000	4,991,000	4,421,000	8,914,000	7,102,000	6,259,000	5,359,000	4,441,000
underwriting expenses																																																								7,933,000	6,603,000
loss on sale of airplane																																																													541,000
interest income																																																									-494,000									351,000
loss from continuing operations before income tax benefit and allocation to minority interest																																																									-5,847,000
income tax benefit from continuing operations																																																									-687,000
loss from continuing operations before allocation to minority interest																																																									-6,534,000
minority interest																																																								256,000	271,000	-221,000	182,000	284,000	284,000	2,539,000	3,814,000	618,000	552,000	519,000
loss from continuing operations																																																									-6,263,000
income from discontinued operations																																																								22,000	-128,000	-386,000	243,000	659,000	1,807,000			72,000	928,000	430,000
gain on sale of discontinued operations																																																										741,000	5,220,000	15,613,000	10,296,000			52,000
income tax expense from discontinued operations
minority interest in discontinued operations																																																									4,000					-1,305,000	1,588,000			104,000
loss per share from continuing operations
income per share from discontinued operations
retail home sales, finance and insurance																																																										1,884,000	2,227,000	2,885,000	1,936,000	2,520,000	5,679,000	4,112,000	3,332,000	2,816,000
early termination of debt																																																											556,000							3,258,000
real estate and retail home asset impairment
goodwill impairment																																																														9,009,000	69,774,000
net consumer finance interest expense
loss before allocation to minority interest
income taxes on discontinued operations																																																											206,000
basic income (loss) per share																																																										0.195	0.13			-0.23	-0.86
diluted income (loss) per share																																																										0.195	0.13			-0.23	-0.86
income tax expense on discontinued operations
initial public offering related costs
loss on sale of discontinued operations
common shares outstanding																																																														10,218.75	40,886	40,877	40,876	40,857
retail home sales asset impairment
loss per share from continuing operations:
income per share from discontinued operations:
weighted-average share / op unit information:
common shares issuable upon exchange of op units and ppus outstanding																																																																		4,186

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2017-06-30	2017-03-31	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31

assets
cash and due from banks	1,231,944,000	1,277,283,000	982,488,000	1,702,623,000	2,298,977,000	1,961,627,000	798,300,000	1,710,066,000	1,858,700,000	1,513,747,000	1,584,709,000	1,764,081,000	1,579,512,000	1,777,584,000	1,783,554,000	2,886,812,000		2,463,111,000	1,372,818,000	1,564,489,000	1,062,560,000	1,277,865,000	1,655,492,000	524,370,000	484,959,000	326,129,000	342,001,000	313,192,000	405,682,000	353,432,000	405,938,000	545,928,000	583,984,000	512,103,000	526,692,000	583,043,000	782,473,000	635,933,000	673,972,000	889,950,000	713,099,000	976,188,000	596,351,000	588,838,000	720,741,000
federal funds sold	650,000	650,000	650,000	650,000	650,000	3,650,000	5,650,000	650,000	650,000	3,650,000	650,000	743,000	650,000	663,000	381,000	383,000		406,000	387,000	396,000	386,000	420,000	385,000	401,000	394,000	423,000	521,000	438,000	468,000	403,000	388,000	24,404,000	29,677,000	15,406,000	24,861,000	22,814,000
assets segregated for regulatory purposes	20,211,000	5,050,000	47,158,000	88,451,000	70,963,000	55,628,000	51,046,000	70,717,000	57,395,000	47,491,000	50,711,000	36,199,000	67,737,000	109,358,000	120,816,000	128,408,000		269,506,000		273,393,000			194,626,000					156,851,000	220,115,000	128,417,000	167,565,000	166,395,000	120,214,000	120,714,000	228,251,000	188,094,000
securities purchased under agreements to resell	55,977,000	78,909,000	93,878,000	99,099,000	88,728,000	81,766,000	111,914,000	91,608,000	80,011,000	123,719,000	143,982,000	144,201,000	118,070,000	145,365,000	139,929,000	256,991,000		155,908,000		106,342,000			161,457,000					65,205,000	164,656,000	229,172,000	125,188,000	113,228,000	149,474,000	96,646,000	83,889,000	79,153,000
securities:
trading, at fair value	617,408,000	574,434,000	675,757,000	647,158,000	524,916,000	540,836,000	721,384,000	657,700,000	515,991,000	578,901,000	696,649,000	692,908,000	755,032,000	641,864,000	593,273,000	471,763,000		609,813,000	682,483,000	528,712,000	694,255,000	667,751,000	648,037,000	393,581,000	689,576,000	707,268,000	601,524,000	703,295,000	660,314,000	634,197,000	471,485,000	373,300,000	305,418,000	368,425,000	292,418,000	265,429,000	65,717,000	66,102,000	61,663,000	53,350,000	58,846,000	43,254,000	32,857,000	60,769,000	90,113,000
available for sale, at fair value	1,491,048,000	1,443,612,000	1,408,347,000	1,405,170,000	1,396,549,000	1,405,700,000	1,433,107,000	1,480,555,000	1,507,595,000	1,456,238,000	1,526,869,000	1,641,571,000	1,658,766,000	1,584,724,000	1,562,222,000	1,462,340,000		1,994,183,000	1,817,807,000	1,715,406,000	1,462,205,000	1,310,240,000	1,091,348,000	972,318,000	998,392,000	1,003,850,000	1,009,924,000	1,019,851,000	874,496,000	811,218,000	763,206,000	755,546,000	517,784,000	666,328,000	726,132,000	763,463,000	925,535,000	1,146,101,000	1,201,778,000	1,245,359,000	1,203,143,000	1,279,381,000	1,073,522,000	1,146,505,000	990,953,000
held to maturity, at amortized cost	728,329,000	755,012,000	771,641,000	762,369,000	737,899,000	754,824,000	777,456,000	790,550,000	812,677,000	825,079,000	847,437,000	862,280,000	875,532,000	889,452,000	920,583,000	953,107,000		277,419,000		300,088,000			343,198,000					369,865,000	348,163,000	353,192,000	359,847,000	337,357,000	354,443,000	310,478,000	305,316,000	312,960,000	118,209,000	120,139,000	65,275,000	30,981,000
equity, at fair value	265,000	248,000	4,996,000	286,000	297,000	287,000	254,000	315,000	321,000	264,000	258,000	231,000	200,000	209,000	197,000	225,000		221,000		189,000			122,000					19,343,000	21,555,000	21,218,000
securities: - sum	2,837,050,000			2,814,983,000	2,659,661,000	2,701,647,000		2,929,120,000																																			1,106,379,000	1,207,274,000	1,081,066,000
loans held for sale	950,142,000	849,357,000	979,875,000	818,328,000	858,665,000	933,724,000	1,264,437,000	842,324,000	943,846,000	1,058,806,000	1,333,044,000	1,040,138,000	982,616,000	1,003,605,000	1,491,579,000	1,643,994,000		2,108,878,000	2,885,458,000	2,538,986,000	2,788,386,000	2,547,975,000	2,592,307,000	2,433,407,000	2,106,361,000	1,984,231,000	1,609,477,000	1,059,280,000	1,524,980,000	1,953,562,000	2,000,257,000	1,329,493,000	1,550,475,000	1,344,333,000	1,354,107,000	1,397,617,000	1,309,693,000	1,272,813,000	1,410,873,000	887,200,000	1,089,039,000	1,046,801,000	1,412,960,000	1,242,322,000	1,399,944,000
loans held for investment, net of unearned income	8,311,952,000	8,227,194,000	8,061,204,000	7,966,777,000	7,950,551,000	7,979,630,000	8,173,520,000	8,062,693,000	8,079,745,000	8,204,052,000	8,354,122,000	8,192,846,000	8,092,673,000	7,944,246,000	7,930,619,000	7,797,903,000		7,552,926,000	7,645,227,000	7,810,657,000	7,693,141,000	7,945,560,000	7,849,904,000	7,345,250,000	7,381,400,000	7,321,208,000	7,202,604,000	7,011,679,000
allowance for credit losses	-91,537,000	-95,168,000	-97,961,000	-106,197,000	-101,116,000	-110,918,000	-115,082,000	-104,231,000	-111,413,000	-110,822,000	-109,306,000	-97,354,000	-95,442,000	-91,783,000	-95,298,000	-91,185,000		-109,512,000	-115,269,000	-144,499,000	-149,044,000	-155,214,000	-156,383,000	-106,739,000
loans held for investment	8,220,415,000	8,132,026,000	7,963,243,000	7,860,580,000	7,849,435,000	7,868,712,000	8,058,438,000	7,958,462,000	7,968,332,000	8,093,230,000	8,244,816,000	8,095,492,000	7,997,231,000	7,852,463,000	7,835,321,000	7,706,718,000		7,443,414,000	7,529,958,000	7,666,158,000	7,544,097,000	7,790,346,000	7,693,521,000	7,238,511,000	7,320,264,000	7,265,604,000	7,147,427,000	6,952,870,000
broker-dealer and clearing organization receivables	1,588,882,000	1,519,005,000	1,469,628,000	1,450,077,000	1,452,366,000	1,220,784,000	1,297,175,000	1,473,561,000	1,573,931,000	1,460,352,000	1,474,177,000	1,560,246,000	1,038,055,000	1,255,052,000	1,049,830,000	1,610,352,000		1,419,652,000	1,403,447,000	1,596,817,000	1,404,727,000	1,363,478,000	1,222,627,000	1,838,789,000	1,780,280,000	1,731,979,000	1,707,249,000	1,651,199,000	1,491,507,000	1,614,951,000	1,552,525,000	1,574,031,000	2,257,480,000	1,370,622,000	2,111,864,000	2,070,770,000	167,884,000	223,679,000	190,764,000	174,442,000	119,317,000	132,636,000	208,011,000	187,833,000	145,564,000
premises and equipment	132,820,000	136,830,000	139,179,000	143,957,000	148,245,000	157,803,000	161,746,000	165,557,000	168,856,000	172,097,000	176,574,000	180,132,000	184,950,000	191,423,000	195,361,000	198,906,000		210,026,000	212,402,000	213,304,000	211,595,000	208,078,000	210,975,000	215,261,000	219,982,000	213,757,000	208,975,000	210,333,000	236,172,000	172,911,000	183,994,000	184,091,000	189,511,000	198,414,000	204,273,000	206,411,000	206,991,000	205,734,000	201,545,000	202,155,000	198,468,000	187,857,000	110,937,000	111,894,000	111,381,000
operating lease right-of-use assets	83,757,000	87,464,000	88,050,000	93,451,000	90,563,000	92,041,000	93,994,000	95,343,000	88,580,000	93,057,000	97,979,000	100,122,000	102,443,000	103,099,000	106,806,000	108,180,000		115,942,000		101,055,000			119,954,000					108,806,000
mortgage servicing rights	17,491,000	12,273,000	7,887,000	6,903,000	5,723,000	45,742,000	52,902,000	95,591,000	96,662,000	104,951,000	95,101,000	103,314,000	100,825,000	156,539,000	121,688,000	100,475,000		110,931,000		142,125,000																	36,155,000	41,907,000	35,877,000	29,939,000	20,149,000
other assets	432,603,000	459,588,000	455,930,000	459,774,000	470,073,000	528,839,000	517,811,000	501,244,000	517,545,000	588,751,000	588,166,000	529,438,000	518,899,000	624,235,000	513,570,000	546,622,000	277,795	526,339,000	535,536,000	648,895,000	555,983,000	607,932,000	709,246,000	876,615,000	510,791,000	633,794,000	602,143,000	591,442,000	551,758,000	589,897,000	618,368,000	583,554,000	832,344,000	601,181,000	644,916,000	636,183,000	453,238,000	339,197,000	336,199,000	262,220,000	281,084,000	319,758,000	329,302,000	233,033,000	280,259,000	876,000	1,221,000	1,036,000	548,000	913,000	1,357,000	1,685,000	844,000
goodwill	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000		267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	267,447,000	291,435,000	291,435,000	291,435,000	291,435,000	291,435,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	251,808,000	253,770,000	23,988,000	23,988,000	23,988,000	23,988,000	23,988,000	23,988,000	23,988,000	23,988,000			23,708,000	24,057,000							85,264,000	85,264,000		86,126,000
other intangible assets	5,605,000	5,862,000	6,119,000	6,376,000	6,633,000	6,995,000	7,429,000	7,943,000	8,457,000	9,078,000	9,772,000	10,544,000	11,317,000	12,209,000	13,182,000	14,233,000		16,455,000	17,705,000	19,035,000	20,364,000	21,814,000	23,374,000	25,019,000	30,155,000	31,990,000	33,934,000	35,965,000	40,394,000	32,716,000	40,516,000	42,601,000	49,690,000	52,274,000	58,916,000	61,778,000	59,783,000	62,509,000	65,305,000	68,108,000	70,921,000	75,942,000	72,345,000	75,052,000	77,738,000
total assets	15,844,994,000	15,605,050,000	15,362,273,000	15,812,699,000	16,268,129,000	15,926,405,000	15,620,490,000	16,209,633,000	16,466,996,000	16,396,858,000	17,138,341,000	17,029,087,000	16,259,282,000	16,615,291,000	16,715,739,000	18,356,956,000	2,940,670	17,989,651,000	17,664,534,000	17,682,837,000	16,944,264,000	16,935,552,000	16,934,116,000	15,706,250,000	15,172,448,000	14,837,029,000	14,265,870,000	13,549,370,000	13,764,536,000	13,689,174,000	13,288,573,000	12,338,427,000	13,077,902,000	11,731,928,000	12,389,456,000	12,477,198,000	9,242,416,000	9,180,402,000	9,396,448,000	9,033,432,000	8,903,223,000	9,093,592,000	7,402,803,000	7,216,910,000	7,286,865,000	915,511,000	922,098,000	924,310,000	925,425,000	934,001,000	947,452,000	941,565,000	939,641,000			1,785,632,000	1,789,845,000	1,542,701,000	1,561,483,000	1,600,539,000	1,658,843,000	1,728,481	1,769,472,000	1,804,786,000	1,791,285,000		1,836,165,000
liabilities and stockholders' equity
deposits:
noninterest-bearing	2,831,919,000	2,766,155,000	2,790,958,000	2,859,828,000	2,768,707,000	2,831,539,000	2,845,441,000	3,028,543,000	3,007,101,000	3,200,247,000	3,451,438,000	3,807,878,000	3,968,862,000	4,546,816,000	4,601,643,000	4,694,592,000		4,433,148,000	4,231,082,000	4,031,181,000	3,612,384,000	3,557,603,000	3,467,500,000	2,865,192,000	2,769,556,000	2,732,325,000	2,598,253,000	2,490,144,000	2,525,677,000	2,468,332,000	2,251,208,000	2,272,905,000	2,280,108,000	2,233,608,000	2,173,890,000	2,135,988,000	2,076,385,000	1,988,066,000	1,829,072,000	1,748,391,000	409,334,000	392,404,000	208,702,000	249,678,000	323,367,000
interest-bearing	8,046,161,000	7,909,316,000	7,600,599,000	7,972,138,000	8,296,615,000	7,959,908,000	7,528,415,000	7,855,553,000	8,056,091,000	7,902,850,000	7,712,739,000	7,289,269,000	7,346,887,000	6,805,198,000	7,319,143,000	7,972,110,000		7,699,014,000	7,502,703,000	7,701,598,000	7,629,935,000	7,704,312,000	8,182,098,000	7,082,297,000	6,262,658,000	5,998,547,000	5,864,826,000	5,807,975,000	5,764,556,000	5,345,290,000	5,323,414,000	5,056,957,000	4,846,705,000	4,750,567,000	4,646,859,000	4,660,449,000	4,293,507,000	4,248,216,000	4,326,238,000	4,914,785,000	6,312,685,000	6,543,758,000	4,287,767,000	4,508,760,000	4,377,094,000
total deposits	10,878,080,000	10,675,471,000	10,391,557,000	10,831,966,000	11,065,322,000	10,791,447,000	10,373,856,000	10,884,096,000	11,063,192,000	11,103,097,000	11,164,177,000	11,097,147,000	11,315,749,000	11,352,014,000	11,920,786,000	12,666,702,000		12,132,162,000	11,733,785,000	11,732,779,000	11,242,319,000	11,261,915,000	11,649,598,000	9,947,489,000	9,032,214,000	8,730,872,000	8,463,079,000	8,298,119,000	8,290,233,000	7,813,622,000	7,574,622,000	7,329,862,000	7,126,813,000	6,984,175,000	6,820,749,000	6,796,437,000	6,369,892,000	6,236,282,000	6,155,310,000	6,663,176,000	6,722,019,000	6,936,162,000	4,496,469,000	4,758,438,000	4,700,461,000
broker-dealer and clearing organization payables	1,518,503,000	1,445,280,000	1,461,683,000	1,446,886,000	1,331,902,000	1,110,373,000	1,285,226,000	1,436,462,000	1,430,734,000	1,368,064,000	1,306,646,000	1,383,317,000	966,470,000	1,176,156,000	934,818,000	1,397,836,000		1,496,923,000	1,439,620,000	1,546,227,000	1,368,373,000	1,310,835,000	1,158,628,000	1,259,181,000	1,605,518,000	1,546,163,000	1,531,891,000	1,490,227,000	1,396,401,000	1,409,904,000	1,395,314,000	1,437,548,000	2,111,994,000	1,284,016,000	2,045,604,000	2,048,176,000	179,042,000	243,835,000	227,891,000	161,888,000	129,678,000	142,411,000	246,681,000	250,280,000	187,990,000
short-term borrowings	676,882,000	680,979,000	734,508,000	705,008,000	834,023,000	914,645,000	897,613,000	892,574,000	900,038,000	882,999,000	1,628,637,000	1,572,794,000	970,056,000	942,309,000	822,649,000	835,054,000		747,040,000	915,919,000	676,652,000	695,798,000	780,109,000	720,164,000	1,329,948,000	1,424,010,000	1,502,755,000	1,338,893,000	914,525,000	1,216,649,000	1,610,735,000	1,515,069,000	753,777,000	1,012,862,000	832,921,000	910,490,000	1,100,025,000	762,696,000	845,984,000	1,187,193,000	491,406,000	342,087,000	305,297,000	1,003,804,000	576,730,000	728,250,000
securities sold, not yet purchased, at fair value	37,955,000	65,119,000	59,766,000	63,171,000	57,234,000	47,773,000	75,546,000	60,562,000	34,872,000	51,527,000	74,761,000	51,497,000	53,023,000	99,515,000	135,968,000	97,629,000		113,064,000		97,055,000			55,340,000					69,354,000	179,582,000	251,581,000	149,869,000	144,193,000	178,235,000	165,704,000	156,775,000	135,592,000
notes payable	148,587,000	148,530,000	148,475,000	198,043,000	347,667,000	347,533,000	347,402,000	347,273,000	347,145,000	347,020,000	364,531,000	376,410,000	346,654,000	390,354,000	389,722,000	395,479,000	369,618	395,804,000	396,653,000	401,713,000	381,987,000	396,006,000	450,158,000	244,042,000	283,769,000	245,341,000	231,923,000	225,372,000	220,192,000	227,736,000	300,283,000	324,701,000	319,636,000	232,190,000	243,556,000	245,420,000	56,684,000	55,684,000	55,584,000	55,465,000	56,327,000	140,111,000	139,938,000	140,747,000	141,539,000	131,450,000	131,450,000	131,450,000	131,450,000	138,350,000	138,350,000	138,350,000	138,350,000			1,100,441,000	1,107,213,000	1,046,500,000	1,053,959,000	1,063,784,000	1,112,900,000		1,071,502,000	1,089,004,000	1,037,433,000
operating lease liabilities	100,155,000	104,134,000	104,972,000	110,815,000	109,103,000	110,799,000	113,096,000	114,518,000	109,002,000	114,334,000	119,999,000	122,878,000	126,759,000	120,635,000	124,406,000	125,919,000		134,296,000		120,339,000			131,411,000					118,452,000
other liabilities	287,226,000	269,297,000	234,467,000	227,988,000	304,566,000	397,976,000	365,140,000	314,718,000	431,684,000	422,955,000	389,336,000	341,246,000	417,042,000	475,425,000	329,987,000	347,742,000		468,020,000	348,200,000	595,045,000	632,889,000	502,517,000	409,672,000	408,224,000	458,910,000	471,077,000	403,070,000	351,178,000	430,309,000	392,171,000	393,351,000	392,025,000	464,904,000	405,899,000	428,442,000	409,904,000	227,959,000	181,901,000	176,539,000	121,368,000	158,288,000	172,915,000	144,230,000	129,016,000	198,453,000	2,407,000	2,851,000	3,708,000	2,130,000	2,931,000	2,690,000	3,663,000	2,196,000
total liabilities	13,647,388,000	13,388,810,000	13,135,428,000	13,583,877,000	14,049,817,000	13,720,546,000	13,457,879,000	14,050,203,000	14,316,667,000	14,289,996,000	15,048,087,000	14,945,289,000	14,195,753,000	14,556,408,000	14,658,336,000	15,866,361,000		15,487,309,000	15,168,158,000	15,236,822,000	14,593,617,000	14,496,819,000	14,641,983,000	13,542,517,000	13,043,652,000	12,753,602,000	12,214,065,000	11,534,239,000	11,800,378,000	11,772,761,000	11,395,520,000	10,449,118,000	11,281,456,000	9,971,917,000	10,672,628,000	10,802,566,000	7,781,177,000	7,756,658,000	7,999,286,000	7,678,219,000	7,591,301,000	7,887,239,000	6,231,003,000	6,038,325,000	6,140,315,000	274,706,000	283,372,000	273,013,000	270,042,000	291,398,000	305,999,000	287,493,000	286,586,000			1,245,697,000	1,239,123,000	1,095,323,000	1,099,562,000	1,128,862,000	1,187,471,000	1,252,484	1,257,618,000	1,148,126,000	1,105,557,000		1,069,830,000
commitments and contingencies
stockholders' equity:
hilltop stockholders' equity:
common stock, 0.01 par value...	595,000	613,000	630,000	642,000	650,000	650,000	650,000	653,000	652,000	652,000	651,000	650,000	647,000	646,000	646,000	794,000		790,000	812,000	823,000	822,000	902,000	902,000	901,000	906,000	906,000	928,000	938,000	946,000	946,000	963,000	984,000	985,000	986,000	989,000	995,000	902,000	902,000	902,000	902,000	902,000	840,000	840,000	835,000	835,000	564,000		564,000	565,000	565,000		565,000	565,000
additional paid-in capital	973,072,000	998,644,000	1,022,474,000	1,037,138,000	1,052,219,000	1,050,497,000	1,047,523,000	1,049,831,000	1,054,662,000	1,052,867,000	1,050,191,000	1,044,774,000	1,046,331,000	1,043,605,000	1,039,261,000	1,275,649,000		1,270,272,000	1,302,439,000	1,319,518,000	1,317,929,000	1,443,588,000	1,439,686,000	1,437,301,000	1,445,233,000	1,441,604,000	1,473,599,000	1,491,585,000	1,504,467,000	1,502,105,000	1,529,903,000	1,570,329,000	1,568,053,000	1,567,150,000	1,574,769,000	1,582,655,000	1,390,788,000	1,390,830,000	1,387,883,000	1,388,002,000	1,388,641,000	1,302,625,000	1,303,118,000	1,304,771,000	1,304,707,000	917,436,000	917,299,000	917,165,000	918,192,000	918,097,000	918,080,000	918,063,000	918,046,000			923,826,000	923,489,000	794,653,000	794,449,000	793,868,000	793,712,000		792,090,000	791,922,000	790,610,000		792,462,000
accumulated other comprehensive loss	-79,877,000	-87,254,000	-94,748,000	-100,654,000	-111,497,000	-98,168,000	-119,171,000	-119,606,000	-121,505,000	-145,083,000	-131,718,000	-125,461,000			-95,279,000													-1,062,000	-14,722,000
retained earnings	1,274,611,000	1,276,539,000	1,270,286,000	1,262,586,000	1,248,593,000	1,224,117,000	1,205,467,000	1,201,013,000	1,189,222,000	1,171,250,000	1,144,624,000	1,136,901,000	1,123,636,000	1,107,586,000	1,085,208,000	1,267,415,000		1,204,307,000		1,094,727,000			797,331,000					499,452,000	448,923,000	419,683,000	356,564,000	313,197,000	214,116,000	183,042,000	134,748,000	90,376,000
total hilltop stockholders' equity	2,168,401,000	2,188,542,000	2,198,642,000	2,199,712,000	2,189,965,000	2,177,096,000	2,134,469,000	2,131,864,000	2,122,967,000	2,079,580,000	2,063,599,000	2,056,711,000	2,036,924,000	2,031,811,000	2,029,577,000	2,463,933,000		2,476,371,000	2,470,281,000	2,419,185,000	2,323,939,000	2,411,372,000	2,262,360,000	2,136,711,000	2,103,039,000	2,058,269,000	2,027,281,000	1,991,527,000	1,940,222,000	1,911,493,000	1,890,139,000	1,886,000,000	1,792,527,000	1,758,648,000	1,715,690,000	1,673,513,000					1,311,141,000
noncontrolling interests	29,205,000	27,698,000	28,203,000	29,110,000	28,347,000	28,763,000	28,142,000	27,566,000	27,362,000	27,282,000	26,655,000	27,087,000	26,605,000	27,072,000	27,826,000	26,662,000		25,971,000	26,095,000	26,830,000	26,708,000	27,361,000	29,773,000	27,022,000	25,757,000	25,158,000	24,524,000	23,604,000	23,936,000	4,920,000	2,914,000	3,309,000	3,919,000	1,363,000	1,138,000	1,119,000	787,000
total stockholders' equity	2,197,606,000	2,216,240,000	2,226,845,000	2,228,822,000	2,218,312,000	2,205,859,000	2,162,611,000	2,159,430,000	2,150,329,000	2,106,862,000	2,090,254,000	2,083,798,000	2,063,529,000	2,058,883,000	2,057,403,000	2,490,595,000		2,502,342,000	2,496,376,000	2,446,015,000	2,350,647,000	2,438,733,000	2,292,133,000	2,163,733,000	2,128,796,000	2,083,427,000	2,051,805,000	2,015,131,000	1,964,158,000	1,916,413,000	1,893,053,000	1,889,309,000	1,796,446,000	1,760,011,000	1,716,828,000	1,674,632,000					1,311,922,000																								630,810,000
total liabilities and stockholders' equity	15,844,994,000	15,605,050,000	15,362,273,000	15,812,699,000	16,268,129,000	15,926,405,000	15,620,490,000	16,209,633,000	16,466,996,000	16,396,858,000	17,138,341,000	17,029,087,000	16,259,282,000	16,615,291,000	16,715,739,000	18,356,956,000		17,989,651,000	17,664,534,000	17,682,837,000	16,944,264,000	16,935,552,000	16,934,116,000	15,706,250,000	15,172,448,000	14,837,029,000	14,265,870,000	13,549,370,000	13,764,536,000	13,689,174,000	13,288,573,000	12,338,427,000	13,077,902,000	11,731,928,000	12,389,456,000	12,477,198,000					8,903,223,000																								1,791,285,000
		2,773,306,000	2,860,741,000				2,932,201,000		2,836,584,000	2,860,482,000	3,071,213,000	3,196,990,000	3,289,530,000	3,116,249,000	3,076,275,000	2,887,435,000		2,881,636,000	2,789,259,000	2,544,395,000	2,468,544,000	2,301,407,000	2,082,705,000	1,721,116,000	2,094,301,000	2,101,973,000	1,996,945,000
deferred compensation employee stock trust							1,000	115,000	228,000	340,000	450,000	446,000	481,000	479,000	695,000	744,000		751,000		752,000			778,000					827,000	860,000	857,000	845,000	893,000	938,000	1,020,000	1,182,000	1,182,000
employee stock trust							-1,000	-142,000	-292,000	-446,000	-599,000	-599,000	-640,000	-641,000	-954,000	-104,000		-116,000		-121,000			-150,000					-213,000	-252,000	-252,000	-248,000	-300,000	-347,000	-428,000	-590,000	-590,000
accumulated other comprehensive income													-133,531,000	-119,864,000		-80,565,000		367,000	7,093,000	3,486,000	17,763,000	23,790,000	23,813,000	20,939,000	11,419,000	12,305,000	7,862,000			-11,846,000	2,112,000	897,000	8,782,000	6,878,000	4,592,000	-1,105,000	651,000							8,973,000	8,094,000	14,576,000	8,586,000	10,582,000		6,342,000	5,457,000	4,860,000					494,000						1,008,000	1,206,000	1,519,000		766,000
assets:
cash and cash equivalents																	531,260																													574,168,000	576,412,000	579,639,000	578,520,000	584,117,000	639,160,000	656,716,000	649,439,000			74,855,000	62,317,000	29,281,000	31,109,000	32,195,000	31,312,000	27,926	49,497,000	19,616,000	47,251,000		35,482,000
investment in subsidiaries:
bank subsidiaries																	1,721,780
nonbank subsidiaries																	409,835
liabilities and stockholders’ equity:
accounts payable and accrued expenses																	25,762																													5,315,000	7,293,000	4,368,000	8,121,000	7,211,000	8,147,000	5,588,000	8,600,000			38,543,000	33,330,000	28,946,000	26,544,000	26,109,000	25,548,000		29,909,000	31,273,000	33,145,000		30,381,000
stockholders’ equity																	2,545,290																																													444,095
total liabilities and stockholders’ equity																	2,940,670																				9,242,416,000	9,180,402,000	9,396,448,000	9,033,432,000		9,093,592,000	7,402,803,000	7,216,910,000	7,286,865,000	915,511,000	922,098,000	924,310,000	925,425,000	934,001,000	947,452,000	941,565,000	939,641,000			1,785,632,000	1,789,845,000	1,542,701,000	1,561,483,000	1,600,539,000	1,658,843,000		1,769,472,000	1,804,786,000			1,836,165,000
junior subordinated debentures																			67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000	67,012,000
assets of discontinued operations
liabilities of discontinued operations
assets held for sale																																																								15,435,000	15,460,000	15,326,000	15,012,000	28,814,000	68,905,000		280,298,000	3,368,000	7,952,000		32,665,000
liabilities held for sale
allowance for loan losses																									-61,136,000	-55,604,000	-55,177,000	-58,809,000
non-covered loans, net of unearned income																													6,796,278,000	6,384,660,000	6,118,211,000	5,783,853,000	5,472,446,000	5,366,065,000	4,999,529,000	4,956,969,000	3,920,476,000	3,768,843,000	3,714,837,000	3,646,946,000	3,514,646,000	3,310,224,000
allowance for non-covered loan losses																													-58,861,000	-59,996,000	-59,208,000	-55,157,000	-51,013,000	-48,450,000	-42,989,000	-40,484,000
non-covered loans																													6,737,417,000	6,324,664,000	6,059,003,000	5,728,696,000	5,421,433,000	5,317,615,000	4,956,540,000	4,916,485,000	3,883,435,000	3,729,816,000	3,678,406,000	3,612,301,000	3,481,405,000	3,277,044,000
covered loans, net of allowance of 1,291 and 2,729, respectively																													142,737,000
fdic indemnification asset																													22,831,000	23,525,000	40,304,000	47,940,000	74,460,000	80,522,000	92,902,000	102,381,000	130,437,000	149,788,000	175,114,000	188,736,000	188,291,000	190,041,000
covered other real estate owned																													29,856,000	34,895,000	42,304,000	45,374,000	67,634,000	78,890,000	106,024,000	125,510,000	136,945,000	126,798,000	142,174,000	152,310,000	142,833,000	119,660,000
covered loans, net of allowance of 1,974 and 2,729, respectively																														158,996,000
covered loans, net of allowance of 1,359 and 413, respectively																															205,877,000
covered loans, net of allowance of 753 and 413, respectively																																234,681,000
covered loans, net of allowance of 1,455 and 1,532, respectively																																	322,073,000
covered loans, net of allowance of 1,217 and 1,532, respectively																																		346,169,000
covered loans, net of allowance of 1,870 and 4,611, respectively																																			420,547,000
preferred stock, 0.01 par value...																																							114,068,000	114,068,000	114,068,000				114,068,000
covered loans, net of allowance of 934 and 4,611, respectively																																				493,299,000
federal funds sold and securities purchased under agreements to resell																																					30,602,000		14,813,000	27,460,000	32,924,000	40,086,000	32,939,000	23,691,000	4,421,000
covered loans, net of allowance of 4,611 and 1,061, respectively																																					638,029,000
insurance premiums receivable																																					25,066,000	27,155,000	27,957,000	26,234,000	25,597,000	27,006,000	26,987,000	24,924,000	24,615,000
deferred policy acquisition costs																																					20,416,000	21,754,000	22,027,000	21,096,000	20,991,000	21,884,000	21,680,000	20,301,000	19,812,000
liabilities and stockholders’ equity
reserve for losses and loss adjustment expenses																																					29,716,000	32,460,000	35,146,000	28,258,000	27,468,000	31,267,000	42,458,000	32,070,000	34,012,000	46,035,000	52,087,000	47,861,000	44,835,000	55,123,000	68,616,000	59,078,000	58,882,000			21,754,000	22,376,000
unearned insurance premiums																																					88,176,000	93,500,000	94,611,000	89,646,000	88,422,000	92,064,000	90,411,000	84,032,000	82,598,000
stockholders’ equity:
hilltop stockholders’ equity:
series b, liquidation value per share of 1,000; 114,068 shares issued and outstanding																																					114,068,000	114,068,000
accumulated deficit
total hilltop stockholders’ equity																																					1,460,452,000	1,422,975,000	1,396,442,000	1,354,497,000		1,205,475,000
total stockholders’ equity																																					1,461,239,000	1,423,744,000	1,397,162,000	1,355,213,000		1,206,353,000	1,171,800,000	1,178,585,000	1,146,550,000	640,805,000	638,726,000	651,297,000	655,383,000	642,603,000	641,453,000	654,072,000	653,055,000			529,223,000	539,752,000	419,236,000	433,217,000	442,482,000	442,079,000		478,342,000	605,220,000			706,850,000
federal funds sold and securities purchased under agreements to resell securities:																																						11,655,000
covered loans, net of allowance of 3,761 and 1,061, respectively																																						747,514,000
noncontrolling interest																																						769,000	720,000	716,000	781,000	878,000	905,000	776,000	2,054,000
covered loans, net of allowance of 4,115 and 1,061, respectively																																							840,898,000
covered loans, net of allowance of 2,665 and 1,061, respectively																																								909,783,000
covered loans, net of allowance of 1,061																																									1,005,308,000
covered loans																																										1,096,590,000
reinsurance receivable, net of uncollectible amounts																																										7,656,000	6,340,000	18,210,000	18,567,000				25,861,000				45,655,000
series b, liquidation value per share of 1,000; 114,068 shares issued and outstanding, respectively																																										114,068,000	114,068,000	114,068,000
loans, net of unearned income																																											3,253,001,000	3,248,367,000	3,152,396,000
loans																																											3,226,764,000	3,231,730,000	3,148,987,000
hilltop holdings stockholders’ equity:
total hilltop holdings stockholders’ equity																																											1,170,895,000	1,177,809,000	1,144,496,000
investments
fixed maturities
available for sale securities, at fair value																																														132,490,000	141,687,000	142,850,000	144,801,000	151,241,000	133,031,000	118,420,000	123,162,000
equity securities
other investments
notes receivable, at fair value																																														44,070,000		41,026,000	38,588,000	39,113,000
warrants, at fair value																																														17,998,000	13,905,000	15,534,000	21,789,000	12,154,000
total investments																																														215,818,000	215,874,000	219,521,000	224,200,000	212,635,000	159,234,000	144,502,000	148,965,000
accrued interest and dividends																																														1,415,000	1,494,000	1,430,000	1,576,000	2,228,000	1,593,000	1,467,000	1,519,000
premiums receivable																																														26,456,000	26,792,000	25,197,000	24,390,000	25,510,000	25,593,000	23,461,000	22,490,000			23,158,000	21,895,000
deferred acquisition costs																																														20,847,000	20,631,000	19,395,000	19,182,000	19,847,000	19,617,000	17,940,000	17,237,000			7,288,000	3,084,000
reinsurance recoverable, net of uncollectible amounts																																														22,496,000	23,135,000	25,932,000		29,937,000	41,921,000	43,417,000
prepaid reinsurance premiums																																														3,542,000	3,189,000	4,783,000	5,056,000	5,209,000	4,878,000	4,694,000	4,898,000
income taxes receivable																																															77,000	48,000		77,000
deferred income taxes																																														14,988,000	16,300,000	10,011,000	8,354,000	15,210,000	15,334,000	8,499,000	9,115,000			26,531,000	24,095,000
intangible assets, definite life																																														5,216,000	5,490,000	5,765,000	6,074,000	6,453,000	6,831,000	7,210,000	7,599,000
intangible assets, indefinite life																																														3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
property and equipment																																														366,000	2,115,000	2,139,000	2,128,000	2,154,000	2,173,000	2,164,000	2,021,000
loan origination costs																																														2,335,000	2,380,000	2,426,000	2,471,000	2,723,000	2,773,000	2,822,000	2,871,000			15,157,000	16,230,000	16,736,000	17,834,000	14,982,000	15,444,000		15,900,000	14,510,000	13,913,000		12,326,000
liabilities
unearned premiums																																														86,820,000	86,634,000	82,796,000	80,661,000	83,269,000	82,118,000	75,379,000	72,814,000			64,178,000	55,740,000
reinsurance payable																																														2,679,000	3,057,000	2,830,000	2,845,000	4,514,000	5,979,000	5,276,000	5,666,000
note receivable, at fair value																																															40,672,000
common stock, .01 par value...																																															564,000				565,000					564,000	564,000	413,000	413,000	413,000	413,000		410,000	410,000	409,000		410,000
investments:
liabilities:
held-to-maturity securities, at amortized cost																																																			17,062,000	17,048,000	17,035,000
income tax receivable																																																	77,000
income taxes payable																																																			99,000	159,000	78,000
accumulated other comprehensive gain																																																	13,983,000				5,270,000
dividends payable																																																								1,719,000	1,719,000	1,903,000	1,903,000	1,903,000	1,903,000		1,887,000	10,084,000	15,601,000		15,516,000
series a preferred stock, 0.01 par value...
rental and other property																																																								1,359,657,000	1,374,594,000	1,390,564,000	1,403,471,000	1,419,032,000	1,444,384,000	1,463,091	1,320,794,000	1,587,040,000	1,555,529,000		1,588,960,000
trading securities, at fair value																																																								657,000	619,000
securities available for sale, at fair value																																																								117,937,000	119,744,000
securities held to maturity, at amortized cost																																																								6,469,000	6,472,000
restricted cash																																																								6,982,000	6,841,000	6,784,000	6,782,000	6,648,000	6,702,000
tenant and other receivables																																																								3,481,000	4,061,000	4,651,000	4,481,000	4,449,000	3,369,000
reinsurance receivables, net of uncollectible amounts																																																								3,984,000	5,633,000
notes receivable																																																								28,714,000	29,114,000	29,904,000	31,266,000	32,485,000	33,622,000
loan reserves																																																								36,225,000	36,615,000	33,305,000		38,635,000	35,307,000		39,784,000	35,453,000	31,756,000		31,977,000
indefinite lived intangible assets																																																								3,000,000	3,000,000
finite lived intangible assets																																																								18,025,000	19,426,000
prepaid expenses and other assets																																																								14,369,000	16,588,000	9,693,000	8,764,000	14,040,000	9,131,000		13,845,000	10,315,000	8,489,000		8,198,000
liabilities related to assets held for sale																																																								134,000	63,000	247,000	361,000	20,721,000	31,124,000		140,781,000	2,656,000	5,290,000		4,653,000
tenant deposits and other liabilities																																																								18,928,000	18,682,000	17,727,000	16,795,000	16,345,000	15,996,000		13,539,000	15,109,000	14,088,000		12,753,000
minority interest																																																								10,712,000	10,970,000	28,142,000	28,704,000	29,195,000	29,293,000		33,512,000	51,440,000	54,918,000		59,485,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at june 30, 2007 and december 31, 2006, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																								119,108,000
retained deficit																																																											-480,753,000				-433,416,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at march 31, 2007 and december 31, 2006, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																									119,108,000
lease intangibles and customer relationships																																																										6,457,000	7,858,000	9,259,000	10,667,000		11,856,000	16,087,000	17,432,000		21,414,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at december 31, 2006 and december 31, 2005, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																										119,108,000
loan reserves.																																																											34,906,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at september 30, 2006 and december 31, 2005, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																											119,108,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at june 30, 2006 and december 31, 2005, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																												119,108,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at march 31, 2006 and december 31, 2005, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																													119,108,000
balance sheet data:
loan reserves and restricted cash																																																														42,110
notes payable and preferred interest																																																														1,152,998					1,006,527,000
tenant notes and other receivables																																																															37,373,000	32,826,000	19,003,000		16,674,000
inventory																																																															125,000	307,000	4,696,000		2,343,000
preferred stock, no par value, 5,750,000 shares authorized, 5,000,000 shares issued and outstanding at september 30, 2005 and december 31, 2004, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																															119,108,000
unearned compensation																																																															-858,000
preferred stock, no par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at june 30, 2005 and december 31, 2004, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																																119,108,000
stockholders' equity
preferred stock, no par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at march 31, 2005 and december 31, 2004, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																																	119,108,000
preferred stock, no par value, 5,000,000 shares authorized, 5,000,000 and -0- shares issued and outstanding at september 30, 2004 and december 31, 2003, respectively; liquidation preference of 25 per share plus accrued but unpaid dividends																																																																			119,108,000
accumulated other comprehensive expense

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2018-09-30	2017-06-30	2017-03-31	2016-06-30	2016-03-31	2015-09-30	2014-12-31	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2007-06-30	2007-03-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

operating activities
net income	42,924,000	46,674,000	37,889,000	44,532,000	37,884,000	32,905,000	22,899,000	29,522,000	30,962,000	39,311,000	19,938,000	27,768,000	26,578,000	33,254,000	35,323,000	24,139,000	64,796,000	95,423,000	101,933,000	123,944,000	120,876,000	159,784,000	135,415,000	53,602,000	51,702,000	81,707,000	37,098,000	62,810,000	26,307,000	31,722,000	28,196,000	47,880,000	33,466,000	25,296,000	37,373,000	33,303,000	22,660,000	33,373,000				343,000				1,410,000			1,456,000
adjustments to reconcile net income to net cash from operating activities:
provision for (reversal of) credit losses				9,338,000				-2,871,000							5,336,000	115,000	-18,565,000			-5,109,000
depreciation, amortization and accretion	2,979,000	3,697,000	4,428,000	4,606,000	4,851,000	5,760,000	4,311,000	5,026,000	4,363,000	5,034,000	4,390,000	5,843,000	12,418,000	6,036,000	6,462,000	7,709,000	6,235,000	7,862,000	4,601,000	5,930,000	6,837,000	6,982,000	6,228,000	1,883,000	1,615,000	-199,000	146,000	-13,405,000	-1,031,000	-14,856,000	-11,830,000	-31,000,000
equity in earnings of merchant banking subsidiaries	-6,939,000	-1,025,000	3,990,000	-42,705,000
deferred income taxes	-538,000	4,541,000	-963,000	2,400,000	-7,965,000	675,000	-14,116,000	1,871,000	1,736,000	584,000	1,761,000	2,923,000	5,926,000	-327,000	-79,000	2,664,000	-6,695,000	-2,762,000	956,000	1,424,000	16,656,000	-815,000	2,795,000	-2,053,000	-4,920,000	-463,000	-81,000	1,084,000	1,531,000	1,927,000	494,000	14,150,000		4,878,000								174,000				837,000	256,000	687,000
other	3,414,000	3,734,000	3,868,000	3,308,000	756,000	2,883,000	330,000	145,000	1,654,000	2,461,000	5,920,000	4,150,000	3,443,000	4,518,000	2,065,000	5,231,000	4,531,000	3,972,000	4,302,000	5,775,000	7,753,000	3,496,000	2,911,000	-2,311,000	2,322,000	5,467,000	1,429,000	3,274,000	1,990,000	-657,000	8,320,000	2,719,000	2,331,000	1,435,000	2,335,000	3,381,000	448,000	85,000
net change in securities purchased under agreements to resell	22,932,000	14,969,000	5,221,000	-10,371,000	-6,962,000	30,148,000	-20,306,000	-11,597,000	43,708,000	20,263,000	219,000	-26,131,000	27,295,000	-5,436,000	117,062,000	-138,729,000	37,646,000	46,730,000	-96,296,000	-26,023,000	9,784,000	71,354,000	-138,101,000	35,675,000	-9,033,000	662,000	64,516,000	-11,960,000	-23,798,000	-52,828,000	9,014,000	-4,736,000
net change in trading securities	-42,974,000	146,080,000	28,215,000	-96,826,000	50,133,000	180,548,000	-63,684,000	-141,709,000	62,910,000	117,748,000	-3,741,000	62,124,000	-113,168,000	-48,591,000	-121,510,000	176,235,000	-38,185,000	72,670,000	-153,771,000	165,543,000	-26,504,000	-19,714,000	-254,456,000	295,995,000	17,692,000	-105,744,000	-26,117,000	-98,185,000	-107,766,000	63,006,000	-154,279,000	-26,989,000		5,496,000	-15,592,000	-10,397,000	27,912,000	29,344,000
net change in broker-dealer and clearing organization receivables	-88,979,000	-45,368,000	-24,768,000	41,784,000	-254,656,000	84,163,000	160,645,000	111,867,000	-100,507,000	16,026,000	88,211,000	-452,555,000	188,277,000	-144,720,000	604,030,000	289,274,000	-340,585,000	-33,434,000	84,872,000	-275,257,000	24,038,000	-220,255,000	699,522,000	11,768,000	-66,684,000	-12,498,000	130,330,000	-6,144,000	-39,422,000	-927,298,000	130,858,000	248,778,000			18,423,000
net change in other assets	36,865,000	-27,709,000	-13,867,000	6,316,000	80,943,000	-30,987,000	-13,162,000	5,401,000	65,181,000	4,085,000	-74,900,000	30,650,000	41,401,000	-50,589,000	52,313,000	-53,745,000	53,810,000	-4,653,000	51,634,000	-97,606,000	16,000,000	41,945,000	106,741,000	-243,683,000	101,160,000	-30,676,000	36,311,000	-40,092,000	-8,702,000	-75,223,000	-14,890,000	-21,267,000		454,000	-16,246,000	-11,261,000	7,035,000	27,937,000
net change in broker-dealer and clearing organization payables	51,137,000	-5,341,000	-39,209,000	112,058,000	221,451,000	-126,599,000	-175,222,000	15,861,000	53,189,000	34,102,000	-80,061,000	406,392,000	-263,816,000	159,055,000	-499,728,000	-129,753,000	-23,260,000	108,004,000	-126,958,000	171,709,000	120,855,000	91,618,000	-82,740,000	-281,891,000	73,206,000	-5,346,000	32,835,000	-35,690,000	110,694,000	839,343,000	-162,722,000	-312,655,000	-46,451,000	62,842,000			-16,794,000	34,075,000
net change in other liabilities	17,551,000	32,934,000	-4,553,000	-79,627,000	4,622,000	30,238,000	51,505,000	-97,251,000	10,353,000	14,918,000	70,732,000	-98,945,000	-12,356,000	106,968,000	-19,635,000	-20,854,000	-107,006,000	-184,000	-91,929,000	-13,289,000	102,255,000	116,615,000	104,406,000	-73,963,000	-2,661,000	83,926,000	10,795,000	-27,873,000	-104,858,000	50,821,000	-48,283,000	16,487,000	37,096,000
net change in securities sold, not yet purchased	-27,164,000	5,353,000	-3,405,000	5,937,000	9,461,000	-27,773,000	14,984,000	25,690,000	-16,655,000	-23,234,000	23,264,000	-1,526,000	-46,492,000	-36,453,000	38,339,000	1,043,000	-16,478,000			17,266,000			32,572,000	-21,049,000			-71,999,000	5,676,000	-9,696,000
proceeds from sale of mortgage servicing rights asset					42,139,000	0			0	0			63,232,000	0	0	1,876,000	26,558,000	31,367,000	31,850,000	52,783,000	16,492,000	0	0	18,650,000			0	0	17,499,000
change in valuation of mortgage servicing rights asset	552,000	701,000	364,000	586,000	170,000	10,193,000	337,000	4,383,000	11,789,000	-6,091,000	-3,952,000	10,721,000	1,606,000	-5,511,000	-10,004,000	-8,060,000	5,448,000			-16,865,000
net gains from sales of loans	-49,580,000	-51,730,000	-51,945,000	-45,281,000	-43,553,000	-47,816,000	-58,455,000	-40,197,000	-36,387,000	-47,262,000	-48,535,000	-39,966,000	-35,949,000	-57,998,000	-97,543,000	-110,894,000	-156,103,000			-267,080,000			-295,317,000	-150,486,000			-116,243,000	-153,688,000	-124,150,000	-167,012,000	-127,297,000	-137,303,000
loans originated for sale	-2,753,601,000	-2,557,735,000	-2,778,682,000	-2,105,473,000	-2,706,696,000	-2,657,870,000	-2,691,078,000	-1,951,478,000	-2,188,004,000	-2,453,969,000	-2,792,429,000	-2,051,075,000	-2,508,818,000	-3,499,505,000	-4,237,992,000	-3,968,559,000	-5,370,566,000	-8,023,362,000	-6,579,074,000	-6,960,572,000	-7,415,247,000	-8,316,652,000	-6,778,119,000	-4,256,981,000	-4,785,498,000	-5,075,515,000	-3,839,947,000	-4,212,070,000	-2,939,349,000	-4,435,041,000	-3,052,579,000	-3,770,032,000
proceeds from loans sold	2,701,125,000	2,705,648,000	2,605,795,000	2,155,244,000	2,696,204,000	3,033,927,000	2,293,015,000	2,118,309,000	2,326,618,000	2,779,595,000	2,540,128,000	2,008,839,000	2,560,422,000	4,030,258,000	4,482,559,000	4,310,942,000	5,770,485,000			7,431,243,000			6,876,081,000	3,994,119,000			4,379,594,000	3,707,519,000	3,514,340,000	4,257,962,000	3,352,409,000	3,971,299,000	2,949,335,000	2,227,917,000	2,365,553,000	3,387,615,000	3,459,680,000	3,310,115,000
net cash from operating activities	-82,889,000	272,954,000	-234,598,000	5,837,000	122,813,000	515,578,000	-435,306,000	70,847,000	263,113,000	503,531,000	-215,164,000	-108,457,000	-46,363,000	490,179,000	356,998,000	388,634,000	-107,934,000			313,816,000			452,069,000	-582,770,000	51,508,000	-353,897,000	580,019,000	-810,675,000	349,316,000	-384,996,000	9,885,000	-28,186,000		154,329,000	-65,948,000	448,008,000	-145,256,000	159,901,000	127,288,000	-11,795,000	-4,126,000	2,554,000	653,000	-4,064,000	-3,628,000	3,717,000		15,222,000	15,455,000	3,939,000				6,597,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0			0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0				0
free cash flows	-82,889,000	272,954,000	-234,598,000	5,837,000	122,813,000	515,578,000	-435,306,000	70,847,000	263,113,000	503,531,000	-215,164,000	-108,457,000	-46,363,000	490,179,000	356,998,000	388,634,000	-107,934,000			313,816,000			452,069,000	-582,770,000	51,508,000	-353,897,000	580,019,000	-810,675,000	349,316,000	-384,996,000	9,885,000	-28,186,000		154,329,000	-65,948,000	448,008,000	-145,256,000	159,901,000	127,288,000	-11,795,000	-4,126,000	2,554,000	653,000	-4,064,000	-3,628,000	3,717,000		15,222,000	15,455,000	3,939,000				6,597,000
investing activities
proceeds from maturities and principal reductions of securities held to maturity	28,074,000	34,434,000	34,614,000	17,998,000	18,336,000	25,622,000	14,498,000	23,513,000	13,876,000	23,963,000	16,314,000	14,729,000	17,459,000	38,513,000	16,780,000	22,851,000	9,613,000	11,195,000	11,180,000	11,707,000	11,203,000	20,019,000	12,294,000	37,624,000	20,873,000	27,325,000	12,682,000	12,823,000	15,152,000	82,762,000	21,398,000	28,329,000	2,382,000	351,000
proceeds from sales, maturities and principal reductions of securities available for sale	60,559,000	57,604,000	84,792,000	51,148,000	66,279,000	74,746,000	48,159,000	46,538,000	44,617,000	54,514,000	93,840,000	56,549,000	69,784,000	68,831,000	96,256,000	94,687,000	114,619,000	121,954,000	135,783,000	249,628,000		126,713,000	120,447,000	73,889,000	94,321,000	142,205,000	99,316,000	114,279,000	83,048,000	185,993,000	64,918,000	51,457,000	162,629,000	31,845,000	170,158,000	115,663,000	42,310,000	53,759,000
proceeds from sales of equity securities	0
purchases of securities held to maturity	0	-16,378,000	-42,519,000	-41,120,000									-1,748,000	-5,178,000									-548,000	-6,532,000			-7,743,000	-35,468,000	-831,000			-20,851,000
purchases of securities available for sale	-99,215,000	-81,539,000	-75,975,000	-38,522,000	-85,828,000	-6,250,000	0	-24,039,000	-33,598,000	-11,570,000	0	-19,997,000	-142,939,000	-154,905,000	-213,730,000	-256,887,000	-268,609,000	-310,871,000	-232,582,000	-531,701,000		-347,626,000	-237,529,000	-119,778,000	-91,154,000	-133,501,000	-106,382,000	-120,773,000	-240,757,000	-35,267,000	-51,531,000	-6,044,000
purchases of equity securities					0								0	0												0	-227,000
net change in loans held for investment	-76,261,000	-169,767,000	-91,892,000	-63,775,000	49,286,000	183,944,000	-90,842,000	-31,472,000	112,922,000	149,808,000	-163,603,000	-170,546,000	-124,286,000	-74,153,000	-174,436,000	-142,451,000	-235,203,000	111,449,000	278,220,000	-29,151,000	189,880,000	-14,444,000	-613,284,000	-19,692,000	-35,938,000	-120,946,000
purchases of premises and equipment and other assets	-14,116,000	-1,961,000	40,000	-797,000	-916,000	-1,826,000	-1,946,000	-2,443,000	-2,398,000	-2,496,000	-2,455,000	-1,139,000	-2,463,000	-2,776,000	-3,179,000	-1,380,000	-2,672,000	-5,383,000	-8,355,000	-8,341,000	-12,415,000	-4,326,000	-3,251,000	-17,754,000	-15,087,000	-12,265,000	-48,221,000	-8,820,000	-4,951,000	-9,149,000	-9,948,000	-9,016,000
proceeds from sales and distributions of premises and equipment and other assets	5,370,000	868,000	20,442,000	48,231,000
proceeds from sale of loans held for sale transferred from loans held for investment					0	0
net cash paid to federal home loan bank and federal reserve bank stock	-37,000	-39,000	-1,631,000	-25,000			9,000	-22,000			4,915,000	-23,310,000		-31,000	-1,000	-143,000
net cash from investing activities	-95,626,000	-171,704,000	-70,654,000	-26,862,000	47,385,000	277,339,000	13,968,000	15,529,000	116,307,000	234,749,000	-50,454,000	-142,264,000	-181,494,000	-129,694,000	-283,634,000	-282,480,000	-362,176,000	-70,677,000	186,605,000	-307,026,000	35,386,000	-216,138,000	-630,500,000	-16,414,000	-57,023,000	-136,332,000	-157,288,000	-311,848,000	-44,046,000	72,434,000	-174,093,000	-155,667,000	175,749,000		-33,579,000				2,692,000	9,551,000	899,000	-273,000	650,000	-50,979,000	-13,928,000	3,560,000			118,108,000	60,857,000				6,578,000
financing activities
net change in deposits	224,695,000	272,852,000	-386,403,000	-230,430,000	273,953,000	369,337,000	-486,254,000	-189,229,000	-30,424,000	-33,764,000	70,420,000	-208,147,000	17,865,000	-486,489,000	-709,206,000	-101,086,000	689,552,000	347,676,000	21,357,000	496,605,000	-82,913,000	-327,094,000	1,684,296,000	850,829,000	287,491,000	287,411,000	53,880,000	238,216,000	245,777,000	131,273,000	139,925,000	334,394,000						68,948,000
net change in short-term borrowings	-9,502,000	-58,463,000	25,841,000	-141,748,000	-108,289,000	17,527,000	4,416,000	-6,811,000	16,322,000	-745,399,000	55,820,000	602,328,000	26,191,000	119,378,000	-12,866,000	-24,334,000	112,532,000	-168,821,000	238,858,000	-18,834,000	-83,950,000	58,686,000	-609,784,000	-94,062,000	-78,745,000	163,862,000	-394,086,000	761,292,000	-663,512,000	179,941,000	-114,452,000	-189,535,000	-83,288,000	149,319,000
proceeds from long-term borrowings	250,174,000	267,848,000	295,784,000	260,157,000
payments on long-term borrowings	-245,056,000	-262,924,000	-342,064,000	-397,079,000
payments to repurchase common stock	-60,786,000	-55,050,000	-34,915,000	-33,281,000	0	0	-9,923,000	-9,941,000	-597,000	0	0	-4,503,000	0	0			0	-74,160,000	-44,521,000	-4,950,000	-193,414,000	-1,000	-292,000	-14,957,000	0	-48,405,000	56,000	-8,804,000	-7,205,000			-13,057,000
dividends paid on common stock	-11,037,000	-11,190,000	-11,525,000	-11,649,000	-11,043,000	-11,043,000	-11,095,000	-11,076,000	-10,427,000	-10,416,000	-10,410,000	-10,351,000	-9,506,000	-9,690,000	-11,918,000	-11,849,000	-9,478,000	-9,746,000	-9,889,000	-9,865,000	-8,126,000	-8,119,000	-8,121,000	-8,158,000	-7,251,000	-7,393,000	-6,621,000	-5,801,000	-5,802,000
net cash distributed to noncontrolling interest	167,000	-1,361,000	-2,723,000	-1,653,000	-2,781,000	-2,591,000	-1,990,000	-1,650,000	-2,211,000	-1,642,000	-2,237,000	-1,486,000	-1,489,000	-1,940,000	-899,000	-1,762,000	-2,047,000			-3,477,000			-4,188,000	-2,701,000					-575,000		-437,000	-334,000
net cash from financing activities	148,337,000	151,437,000	-456,176,000	-557,841,000	179,487,000	372,992,000	-505,099,000	-221,688,000	-27,563,000	-809,462,000	100,665,000	403,845,000	-11,849,000	-377,631,000	-1,184,216,000	-135,814,000	782,350,000	23,723,000	195,354,000	478,185,000		-339,810,000	1,267,255,000	718,074,000		406,866,000	-336,879,000	958,517,000	-425,702,000	398,714,000	22,272,000	129,549,000		56,473,000							0	-1,162,000
net change in cash, cash equivalents and restricted cash	-30,178,000	252,687,000	-761,428,000	-578,866,000	349,685,000	1,165,909,000	-926,437,000	-135,312,000	351,857,000	-71,182,000	-164,953,000	153,124,000	-239,706,000	-17,146,000	-1,110,852,000	-29,660,000	312,240,000	1,152,534,000	-257,789,000	484,975,000	-146,603,000	-350,597,000	1,088,824,000	118,890,000	232,359,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets
cash and due from banks	-45,339,000	294,795,000	-720,135,000	1,702,623,000	337,350,000	1,163,327,000	-911,766,000	1,710,066,000	344,953,000	-70,962,000	-179,372,000	1,764,081,000	-198,072,000	-5,970,000	-1,103,258,000	2,886,812,000	360,027,000	1,090,293,000	-191,671,000	1,564,489,000	-215,305,000	-377,627,000	1,131,122,000	524,370,000	158,830,000	-15,872,000
federal funds sold	0	0	0	650,000	-3,000,000	-2,000,000	5,000,000	650,000	-3,000,000	3,000,000	-93,000	743,000	-13,000	282,000	-2,000	383,000	-21,000			396,000			-16,000	401,000
assets segregated for regulatory purposes	15,161,000	-42,108,000	-41,293,000	88,451,000	15,335,000	4,582,000	-19,671,000	70,717,000	9,904,000	-3,220,000	14,512,000	36,199,000	-41,621,000	-11,458,000	-7,592,000	128,408,000	-47,766,000			273,393,000			15,821,000	178,805,000
total cash, cash equivalents and restricted cash	-30,178,000	252,687,000	-761,428,000	1,791,724,000	349,685,000	1,165,909,000	-926,437,000	1,781,433,000	351,857,000	-71,182,000	-164,953,000	1,801,023,000	-239,706,000	-17,146,000	-1,110,852,000	3,015,603,000	312,240,000	1,152,534,000	-257,789,000	1,838,278,000	-146,603,000	-350,597,000	1,088,824,000	761,679,000	232,359,000	-83,363,000
supplemental disclosures of cash flow information
cash paid for interest	83,372,000	86,166,000	89,787,000	87,763,000	107,546,000	103,040,000	107,072,000	109,119,000	104,994,000	92,076,000	96,651,000	63,682,000	58,733,000	27,408,000	27,411,000	14,862,000	25,039,000	15,590,000	32,384,000	37,095,000	37,136,000	23,177,000	27,580,000	37,041,000	42,607,000	45,048,000	36,053,000	21,892,000	14,407,000	11,829,000	16,377,000	13,706,000	7,911,000	6,934,000	9,292,000	7,624,000	6,576,000	8,313,000	2,522,000	3,669,000			453,000	3,941,000	446,000	3,940,000	18,061,000	20,229,000	40,187,000	21,719,000	26,064,000	9,473,000	17,844,000	16,087,000
cash paid for income taxes, net of refunds	18,428,000	13,674,000	29,596,000	-623,000	32,779,000	943,000	10,137,000	369,000	4,984,000	-691,000			132,000	8,116,000	5,518,000	1,322,000	53,054,000	27,631,000	53,876,000	1,622,000	35,972,000	81,605,000	4,205,000	1,771,000	24,674,000	19,723,000	4,840,000	25,441,000	1,262,000	27,854,000	831,000	16,574,000	6,966,000	-1,845,000	21,050,000	11,803,000	38,744,000	2,205,000
supplemental schedule of non-cash activities
conversion of loans to other real estate owned	163,000	225,000	2,374,000	4,842,000	130,000	0	105,000	2,766,000	470,000	2,026,000	751,000	2,391,000	925,000	147,000	126,000	53,000	637,000	1,119,000	1,344,000	461,000	196,000	1,214,000	12,273,000	182,000	1,167,000	571,000	1,022,000	3,699,000	1,945,000	6,889,000	4,726,000	8,755,000	22,727,000	25,588,000	19,620,000	4,301,000	1,434,000	284,000
additions to mortgage servicing rights	5,770,000	5,087,000	1,348,000	1,766,000	2,290,000	3,033,000	2,777,000	3,312,000	3,500,000	3,759,000	6,890,000	13,210,000	9,124,000	29,340,000						34,301,000	39,648,000	59,351,000	59,440,000	4,475,000	5,181,000	4,166,000	11,361,000	1,266,000	1,224,000	8,254,000	1,639,000
non-cash distributions from merchant banking investments	759,000	1,218,000
benefit from (reversal of) credit losses		-2,511,000											3,638,000
net change in fair value of equity securities		42,000	364,000	11,000																			-15,000	59,000			-116,000

cash, cash equivalents and restricted cash, beginning of period		0	0	2,370,590,000		0	0	1,916,745,000		0	0	1,647,899,000		0	0	3,045,263,000		0	0	1,353,303,000		0	0	642,789,000		0
cash, cash equivalents and restricted cash, end of period		252,687,000	-761,428,000	1,791,724,000		1,165,909,000	-926,437,000	1,781,433,000		-71,182,000	-164,953,000	1,801,023,000		-17,146,000	-1,110,852,000	3,015,603,000		1,152,534,000	-257,789,000	1,838,278,000		-350,597,000	1,088,824,000	761,679,000		-83,363,000
proceeds from sales, maturities and principal reductions of equity securities					0	2,324,000	9,006,000	1,333,000																		0	0
transfer of loans held for investment to loans held for sale								31,551,000
provision for credit losses					-5,852,000					-40,000														34,549,000
equity in undistributed earnings of merchant banking subsidiaries					-117,000	-3,547,000	-3,372,000	-2,125,000
proceeds from sales of premises and equipment, other real estate owned, and other assets					261,000	283,000
net cash received from (paid to) federal home loan bank and federal reserve bank stock					-33,000				-27,000								-25,000	-10,000	-37,000	-35,000	-39,000	-58,000
proceeds from notes payable									0	167,936,000	176,105,000	146,110,000	183,072,000	226,077,000	212,005,000	200,416,000	236,747,000	251,031,000	249,321,000	239,020,000	250,906,000	339,859,000	587,098,000	273,386,000	375,821,000	309,816,000	188,582,000	100,670,000	72,382,000	126,907,000	5,553,000	0	1,000,000		1,000,000
payments on notes payable									0	-185,571,000	-188,106,000	-116,474,000						-319,002,000	-254,490,000	-219,401,000	-265,030,000	-394,000,000	-381,042,000	-285,639,000	-337,418,000	-296,422,000	-196,145,000	-125,058,000	-65,573,000	-39,430,000	-12,028,000	-1,817,000
benefit from credit losses												2,331,000									-3,482,000	-602,000
proceeds from sales of premises and equipment and other real estate owned								2,121,000	829,000	1,446,000	535,000	1,450,000	2,736,000	5,000	960,000	843,000	20,101,000			867,000		3,321,000	2,241,000	15,350,000	1,739,000	2,793,000	10,268,000	6,633,000	11,438,000	29,124,000	22,068,000	23,913,000	14,303,000	14,713,000	13,592,000	2,782,000	979,000	3,880,000
cash paid (received) for income taxes, net of refunds												-49,000
carrying amount of afs securities transferred to htm, net of 63,664 and 73,722 unrealized loss, respectively												646,901,000
net cash from operating activities for continuing operations																	-107,934,000	1,199,488,000	-639,748,000	313,816,000	209,520,000	206,087,000	484,107,000	-586,275,000
net cash from operating activities for discontinued operations																							-32,038,000	3,505,000
net cash from investing activities for continuing operations																	-362,176,000			-307,026,000			-715,410,000	-18,208,000
net cash from investing activities for discontinued operations																							147,000	1,794,000
net cash received from disposal of discontinued operations
payments on notes payable and junior subordinated debentures													-226,890,000	-225,562,000	-217,877,000	-192,955,000
hilltop plaza build to suit derecognition
carrying amount of afs securities transferred to htm, net of 65,559 unrealized loss
carrying amount of afs securities transferred to htm, net of 67,798 unrealized loss
carrying amount of afs securities transferred to htm, net of 70,435 unrealized loss
additions to mortgage services rights																7,301,000	8,065,000	20,253,000
carrying amount of afs securities transferred to htm, net of 73,722 unrealized loss																708,701,000
cash and due from banks, included within assets of discontinued operations
net cash paid for acquisition
net cash distributed to (from) noncontrolling interest
derecognition of construction in progress related to build-to-suit lease obligations
taxes paid on employee stock awards netting activity																							-556,000	-469,000			-80,000	-1,293,000	-838,000
net realized gains on securities																								-158,000							-46,000	0
net cash received from federal home loan bank and federal reserve bank stock																								18,685,000
cash and due from banks, included within assets held for sale																								58,103,000
benefit from loan losses																												5,853,000	1,705,000	28,876,000	3,407,000	5,593,000	4,125,000	3,242,000	2,206,000
net realized losses (gains) on securities
net change in fdic indemnification asset																												3,400,000	19,424,000	6,130,000	11,214,000	9,679,000
proceeds from redemption of bank owned life insurance																																0
net cash received from (paid for) federal home loan bank and federal reserve bank stock
net cash received from (distributed to) noncontrolling interest
provision (recovery) for loan losses																										47,000
net cash paid for federal home loan bank and federal reserve bank stock																										-9,080,000			34,953,000			5,021,000
net change in cash and cash equivalents																											85,852,000	-164,006,000	-120,432,000	86,152,000	-141,936,000	-54,304,000		171,387,000	-270,251,000
net change in loans																											-64,915,000	-253,734,000	57,902,000	-48,180,000	-233,309,000	-228,476,000	-3,304,000
net cash contributed from (distributed to) noncontrolling interest
construction in progress related to build-to-suit lease obligations
net change in assets segregated for regulatory purposes																												-1,170,000	14,598,000	500,000	37,899,000	-40,157,000						19,000,000
cash and cash equivalents, beginning of period																												0	690,764,000	0	669,445,000	0		746,023,000		0	0	726,460,000		0	0	578,520,000	0	0	0	649,439,000	0	29,281,000	27,926,000	27,926,000	-7,321,000	378,000	0	39,802,000
cash and cash equivalents, end of period																												-164,006,000	570,332,000	86,152,000	527,509,000	-54,304,000		917,410,000		390,221,000	16,778,000	609,275,000		-2,244,000	-3,227,000	579,639,000	-5,597,000	-55,043,000	-17,556,000	656,716,000	12,538,000	62,317,000	32,195,000	31,312,000	-21,571,000	29,881,000	-27,635,000	47,251,000
proceeds from issuance of common stock																														0	3,850,000
net cash distributed from (to) noncontrolling interest
bargain purchase gain																																-632,000
net cash received (paid) for federal home loan bank and federal reserve bank stock
net cash from acquisition																																0
redemption of preferred stock																																0
dividends paid on preferred stock																																0
common stock issued in acquisition																																0
net cash received for federal home loan bank and federal reserve bank stock																															12,311,000				4,511,000			6,702,000
net cash from acquisitions
net gain on investment in sws common stock
net change in loss and loss adjustment expense reserve																																	-2,744,000	790,000
net change in unearned insurance premiums																																		1,224,000	-3,642,000	1,653,000	6,379,000	1,434,000
net gains from sale of loans
net cash paid (received) for federal home loan bank and federal reserve bank stock
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
conversion of available for sale investment to sws common stock
redemption of senior exchangeable notes for common stock
preferred stock issued in acquisition
net cash from fnb transaction
adjustments to reconcile net income to net cash from operating activities
net change in securities purchased under resale agreements
net cash from fnb transaction and plainscapital merger
bargain purchase gain on acquisition
net change in non-covered loans
dividends paid
provision for loan losses																																					11,289,000	13,005,000
adjustments to reconcile net income to net cash provided by operating activities
net change in prepaid fdic assessments																																						625,000
net loss																																							9,316,000	-4,048,000			5,044,000	248,000						-1,369,000
adjustments to reconcile net loss to net cash from operating activities
net losses on other real estate owned
depreciation amortization and accretion
stock-based compensation expense
amortization of debt issuance costs
gain on sale of premises and equipment
stock dividends received on securities
net change in insurance premium and agents balance
net change in deferred acquisition costs
net change in reinsurance recoverables
net change in fee award receivable
cash flow from operating activities:
adjustments to reconcile net loss to net cash used in operating activities:
depreciation and amortization																																								335,000	330,000	360,000	427,000	429,000	426,000	432,000	21,746,000	21,865,000	43,415,000	21,704,000	26,529,000	9,370,000	22,224,000	20,031,000
increase in deferred income taxes
increase in unearned premiums																																								186,000	3,838,000	2,135,000	-2,608,000	1,151,000	6,739,000	2,565,000	8,438,000	6,169,000
increase in deferred acquisition costs
realized gains on investments
amortization of loan origination costs																																								45,000	46,000	45,000	252,000	50,000	49,000	49,000	1,073,000	1,069,000	3,045,000	1,434,000
stock grant compensation expense																																								137,000	134,000	134,000	95,000	17,000	17,000	17,000	340,000	350,000	98,000	49,000		81,000
decrease in payable to related party
decrease in income taxes payable
increase in premiums receivable
decrease in reinsurance recoverables																																								639,000			4,076,000	11,984,000
increase in loss and loss adjustment expense reserves																																								-6,052,000
changes in operating assets and liabilities
cash flow from investing activities:
purchases of available-for-sale securities
purchase of other investments
proceeds from sales of available-for-sale securities																																								1,574,000	1,080,000	995,000	2,282,000	849,000	877,000	1,515,000	5,254,000	3,172,000
proceeds from maturities of available-for-sale securities																																								8,215,000	11,000	1,350,000	4,520,000	0	500,000	3,303,000
proceeds from sales of held-to-maturity securities																																											0
purchases of fixed assets
cash flow from financing activities:
repurchase of common stock
net decrease in cash and cash equivalents
supplemental cash flow information:
adjustments to reconcile net loss to net cash from operating activities:
increase in income taxes payable																																										29,000			-60,000	81,000
changes in other operating assets and liabilities
adjustments to reconcile net income to net cash provided by operating activities:
net increase in cash and cash equivalents																																										1,119,000				7,277,000	12,538,000	33,036,000	4,269,000	3,386,000				7,449,000
decrease in income tax payable
increase in payable to related party
decrease in income tax receivable
increase in premium and agents balances
decrease in deferred acquisition costs
purchases of held-to-maturity securities
proceeds from maturities of held-to-maturity securities																																															0	1,200,000
decrease in restricted cash
repayment of debt
payment of preferred dividends
non-cash financing and investing transactions:
dividends declared but unpaid																																															0	1,719,000
cash paid for income taxes
adjustments to reconcile net loss to net cash provided by operating activities:
decrease in deferred income taxes
decrease in income taxes receivable
increase in premium and agent balances
realized (gains) losses on investments
decrease (increase) in income tax receivable
increase in income tax payable
decrease (increase) in restricted cash
purchase of nalico ga
cash flow from operating activities
intra-period income taxes
purchases of trading securities
proceeds from sales of trading securities																																															419,000	162,000
adjustments to fair value for interest rate caps																																															38,000	57,000
partnership preferred unit distributions																																															0	67,000
minority interest
depreciation and minority interest included in income from discontinued operations																																																	1,155,000	542,000	-7,765,000	11,558,000	-23,000	45,000
gain on sale of discontinued operations
loss on sale of airplane																																																	541,000	541,000
gain on sale of manufactured homes
net cash provided by operating activities																																																			6,734,000	-688,000
cash flow from investing activities
nlasco acquisition
cash acquired from nlasco																																															0	45,457,000
purchases of manufactured homes
proceeds from community sales																																																	123,431,000	60,804,000	0	0	4,103,000	44,618,000
proceeds from manufactured home sales																																															2,499,000	2,402,000	5,428,000	2,561,000	2,599,000	3,037,000
proceeds from sale of airplane																																																	1,170,000	1,170,000
community improvements and equipment purchases
restricted cash																																																	374,000	320,000
loan reserves
net cash (used in) provided by investing activities
cash flow from financing activities
cash flow from rights offering and stock issuances
common stock rights offering																																															0	80,000,000
common stock offering expenses
proceeds from issuances of common stock																																															0	20,000,000
proceeds from issuance of debt																																															5,183,000	14,891,000	30,535,000	23,035,000	17,688,000	156,652,000	91,825,000	63,658,000
deposits on refinance transaction
payment of partnership preferred distributions
loan origination costs
net cash provided by (used in) financing activities																																															-9,137,000	99,304,000
debt and other liabilities assumed in the nlasco acquisition																																															0	136,288,000
redemption of op units for common stock																																															0	18,201,000
fair value of common stock issued in the nlasco acquisition																																															0	13,359,000
notes receivable issued for manufactured home sales																																															1,547,000	839,000
payments on notes receivable included in proceeds from manufactured home sales																																															2,131,000	1,707,000
stock and option grant compensation expense
partnership preferred unit distributions declared																																																	552,000	276,000	275,000	299,000
real estate and retail home asset impairment
goodwill impairment																																																			9,009,000
loss on sale of discontinued operations																																																				0	-52,000	730,000
impairment charges on assets held for sale
net cash from (used in) investing activities
payment of common dividends and op unit distributions
repurchase of op units for cash
repurchase of ppus
net cash (used in) provided by financing activities
notes receivable for manufactured home sales																																																	3,740,000	95,000	1,903,000	8,586,000
notes payable issued for redemption of ppus																																																			0
fair value of op units redeemed for common stock																																																	3,176,000
repurchase of op units
notes receivable acquired from community sales																																																						1,068,000
stock compensation expense
minority interest in net loss
non-cash ipo related costs
early termination of debt
loss on sale of discontinued operations including impairments
rent expense related to vacated office space
of acquisitions
acquisition of hometown communities
acquisition of d.a.m. and other communities
deposits and deferred acquisition costs on purchase of hometown assets
cash flow from ipo related transactions
release of restricted cash
release of loan reserves
new loan reserves
cash flow from ipo
common stock offering
preferred stock offering
preferred stock offering expenses
cash flow from ipo related financing transactions
debt issued in the financing transactions
debt paid in the financing transactions
payment of loan origination costs
proceeds from the issuance of common shares
payment of common and op unit dividends
net cash provided by financing activities																																																			765,000	82,220,000
debt assumed in connection with acquisitions
op units issued in connection with acquisitions
dividend declared but unpaid
accrual of loan origination costs
amortization of debt premium
net loss attributable to common stockholders																																																				-126,929,000	-18,193,000	-15,872,000
preferred stock dividend declared																																																				2,578,000	2,578,000	2,578,000
changes in operating assets and liabilities, net of acquisitions
net (decrease) increase in cash and cash equivalents
ppu distributions declared																																																						393,000
acquisition of communities and manufactured homes
payment of common dividends and op units dividends
net loss available to common stockholders
ppu distribution payable
retail home sales impairment and other expense
payment of common dividends
non-cash financing and investing transactions
supplemental cash flow information

Hilltop Holdings Inc(NYSE:HTH)

Hilltop Holdings Inc
(NYSE:HTH)