Hilltop (HTH) 10-Q22 Apr 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 19, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-31987
Entity Registrant Name	Hilltop Holdings Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	84-1477939
Entity Address, Address Line One	6565 Hillcrest Avenue
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75205
City Area Code	214
Local Phone Number	855-2177
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HTH
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		65,266,915
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 1,710,066	$ 1,858,700
Federal funds sold	650	650
Assets segregated for regulatory purposes	70,717	57,395
Securities purchased under agreements to resell	91,608	80,011
Securities:
Trading, at fair value	657,700	515,991
Available for sale, at fair value, net (amortized cost of $1,594,167 and $1,621,747, respectively)	1,480,555	1,507,595
Held to maturity, at amortized cost, net (fair value of $702,843 and $731,858, respectively)	790,550	812,677
Equity, at fair value	315	321
Total securities	2,929,120	2,836,584
Loans held for sale	842,324	943,846
Loans held for investment, net of unearned income	8,062,693	8,079,745
Allowance for credit losses	(104,231)	(111,413)
Loans held for investment, net	7,958,462	7,968,332
Broker-dealer and clearing organization receivables	1,473,561	1,573,931
Premises and equipment, net	165,557	168,856
Operating lease right-of-use assets	95,343	88,580
Mortgage servicing rights	95,591	96,662
Other assets	501,244	517,545
Goodwill	267,447	267,447
Other intangible assets, net	7,943	8,457
Total assets	16,209,633	16,466,996
Deposits:
Noninterest-bearing	3,028,543	3,007,101
Interest-bearing	7,855,553	8,056,091
Total deposits	10,884,096	11,063,192
Broker-dealer and clearing organization payables	1,436,462	1,430,734
Short-term borrowings	892,574	900,038
Securities sold, not yet purchased, at fair value	60,562	34,872
Notes payable	347,273	347,145
Operating lease liabilities	114,518	109,002
Other liabilities	314,718	431,684
Total liabilities	14,050,203	14,316,667
Commitments and contingencies (see Notes 13 and 14)
Hilltop stockholders' equity:
Common stock, $0.01 par value, 125,000,000 shares authorized; 65,266,915 and 65,153,092 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	653	652
Additional paid-in capital	1,049,831	1,054,662
Accumulated other comprehensive loss	(119,606)	(121,505)
Retained earnings	1,201,013	1,189,222
Deferred compensation employee stock trust, net	115	228
Employee stock trust (5,018 and 10,290 shares, at cost, at March 31, 2024 and December 31, 2023, respectively)	(142)	(292)
Total Hilltop stockholders' equity	2,131,864	2,122,967
Noncontrolling interests	27,566	27,362
Total stockholders' equity	2,159,430	2,150,329
Total liabilities and stockholders' equity	$ 16,209,633	$ 16,466,996

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,594,167	$ 1,621,747
Held to maturity, Fair Value	$ 702,843	$ 731,858
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	65,266,915	65,153,092
Common stock, shares outstanding	65,266,915	65,153,092
Employee stock trust, shares	5,018	10,290

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 134,331	$ 123,379
Securities borrowed	20,561	17,068
Securities:
Taxable	26,241	25,602
Tax-exempt	2,415	3,188
Other	26,066	22,190
Total interest income	209,614	191,427
Interest expense:
Deposits	69,144	35,824
Securities loaned	19,039	15,346
Short-term borrowings	11,588	12,444
Notes payable	3,590	3,853
Other	2,632	2,255
Total interest expense	105,993	69,722
Net interest income	103,621	121,705
Provision for (reversal of) credit losses	(2,871)	2,331
Net interest income after provision for (reversal of) credit losses	106,492	119,374
Noninterest income:
Net gains from sale of loans and other mortgage production income	40,197	39,966
Mortgage loan origination fees	26,438	28,777
Securities commissions and fees	35,557	31,223
Investment and securities advisory fees and commissions	30,226	26,848
Other	49,200	35,680
Total noninterest income	181,618	162,494
Noninterest expense:
Employees' compensation and benefits	165,830	167,817
Occupancy and equipment, net	21,912	22,865
Professional services	9,731	10,697
Other	52,550	49,091
Total noninterest expense	250,023	250,470
Income before income taxes	38,087	31,398
Income tax expense	8,565	3,630
Net income	29,522	27,768
Less: Net income attributable to noncontrolling interest	1,854	1,968
Income attributable to Hilltop	$ 27,668	$ 25,800
Earnings per common share:
Basic (in dollars per share)	$ 0.42	$ 0.40
Diluted (in dollars per share)	$ 0.42	$ 0.40
Weighted average share information:
Basic (in shares)	65,200	64,901
Diluted (in shares)	65,214	64,954

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 29,522	$ 27,768
Other comprehensive income (loss):
Change in fair value of cash flow hedges, net taxes of $94 and $(1,006), respectively	541	(3,249)
Net unrealized gains on securities available-for-sale, net taxes of $477 and $3,160, respectively	(86)	9,863
Reclassification adjustment for gains (losses) included in net income, net taxes of $34 and $0, respectively	114
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net taxes of $400 and $438, respectively	1,330	1,457
Comprehensive income	31,421	35,839
Less: comprehensive income attributable to noncontrolling interest	1,854	1,968
Comprehensive income applicable to Hilltop	$ 29,567	$ 33,871

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Cash flow hedge, tax	$ 94	$ (1,006)
Net unrealized gains (losses) on securities available for sale, tax	477	3,160
Amortization of unrealized losses on securities	$ 400	$ 438

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Parent	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Deferred Compensation Employee Stock Trust, Net	Employee Stock Trust	Noncontrolling Interest	Total
Balance at Dec. 31, 2022	$ 2,036,924	$ 647	$ 1,046,331	$ (133,531)	$ 1,123,636	$ 481	$ (640)	$ 26,605	$ 2,063,529
Balance (in shares) at Dec. 31, 2022		64,685,000					23,000
Increase (Decrease) in Stockholders' Equity
Net income	25,800				25,800			1,968	27,768
Other comprehensive income	8,070			8,070					8,070
Stock-based compensation expense	4,047		4,047						4,047
Common stock issued to board members	150		150						150
Common stock issued to board members (in shares)		5,000
Issuance of common stock related to share-based awards, net	(3,432)	$ 5	(3,437)						(3,432)
Issuance of common stock related to share-based awards, net (in shares)		478,000
Repurchases of common stock	(4,503)	$ (2)	(2,317)		(2,184)				(4,503)
Repurchases of common stock (in shares)		(145,000)
Dividends on common stock	(10,351)				(10,351)				(10,351)
Deferred compensation plan	6					(35)	$ 41		6
Deferred compensation plan (in shares)							(2,000)
Net cash contributed to noncontrolling interest								(1,486)	(1,486)
Balance at Mar. 31, 2023	2,056,711	$ 650	1,044,774	(125,461)	1,136,901	446	$ (599)	27,087	2,083,798
Balance (in shares) at Mar. 31, 2023		65,023,000					21,000
Balance at Dec. 31, 2023	2,122,967	$ 652	1,054,662	(121,505)	1,189,222	228	$ (292)	27,362	2,150,329
Balance (in shares) at Dec. 31, 2023		65,153,000					10,000
Increase (Decrease) in Stockholders' Equity
Net income	27,668				27,668			1,854	29,522
Other comprehensive income	1,899			1,899					1,899
Stock-based compensation expense	2,940		2,940						2,940
Common stock issued to board members	121		121						121
Common stock issued to board members (in shares)		4,000
Issuance of common stock related to share-based awards, net	(2,751)	$ 4	(2,755)						(2,751)
Issuance of common stock related to share-based awards, net (in shares)		430,000
Repurchases of common stock	(9,941)	$ (3)	(5,137)		(4,801)				$ (9,941)
Repurchases of common stock (in shares)		(320,000)							(320,042)
Dividends on common stock	(11,076)				(11,076)				$ (11,076)
Deferred compensation plan	37					(113)	$ 150		37
Deferred compensation plan (in shares)							(5,000)
Net cash contributed to noncontrolling interest								(1,650)	(1,650)
Balance at Mar. 31, 2024	$ 2,131,864	$ 653	$ 1,049,831	$ (119,606)	$ 1,201,013	$ 115	$ (142)	$ 27,566	$ 2,159,430
Balance (in shares) at Mar. 31, 2024		65,267,000					5,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.17	$ 0.16

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income	$ 29,522	$ 27,768
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (reversal of) credit losses	(2,871)	2,331
Depreciation, amortization and accretion, net	5,026	5,843
Equity in undistributed earnings of merchant banking subsidiaries	(2,125)	1,792
Deferred income taxes	1,871	2,923
Other, net	145	4,150
Net change in securities purchased under agreements to resell	(11,597)	(26,131)
Net change in trading securities	(141,709)	62,124
Net change in broker-dealer and clearing organization receivables	111,867	(452,555)
Net change in other assets	5,401	28,858
Net change in broker-dealer and clearing organization payables	15,861	406,392
Net change in other liabilities	(97,251)	(98,945)
Net change in securities sold, not yet purchased	25,690	(1,526)
Change in valuation of mortgage servicing rights asset	4,383	10,721
Net gains from sales of loans	(40,197)	(39,966)
Loans originated for sale	(1,951,478)	(2,051,075)
Proceeds from loans sold	2,118,309	2,008,839
Net cash provided by (used in) operating activities	70,847	(108,457)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	23,513	14,729
Proceeds from sales, maturities and principal reductions of securities available for sale	46,538	56,549
Proceeds from sales, maturities and principal reductions of equity securities	1,333
Purchases of securities available for sale	(24,039)	(19,997)
Net change in loans held for investment	(31,472)	(170,546)
Purchases of premises and equipment and other assets	(2,443)	(1,139)
Proceeds from sales of premises and equipment and other real estate owned	2,121	1,450
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	(22)	(23,310)
Net cash provided by (used in) investing activities	15,529	(142,264)
Financing Activities
Net change in deposits	(189,229)	(208,147)
Net change in short-term borrowings	(6,811)	602,328
Proceeds from notes payable		146,110
Payments on notes payable		(116,474)
Payments to repurchase common stock	(9,941)	(4,503)
Dividends paid on common stock	(11,076)	(10,351)
Net cash distributed to noncontrolling interest	(1,650)	(1,486)
Other, net	(2,981)	(3,632)
Net cash provided by (used in) financing activities	(221,688)	403,845
Net change in cash, cash equivalents and restricted cash	(135,312)	153,124
Cash, cash equivalents and restricted cash, beginning of period	1,916,745	1,647,899
Cash, cash equivalents and restricted cash, end of period	1,781,433	1,801,023
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	109,119	63,682
Cash paid for income taxes, net of refunds	369	(49)
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	2,766	2,391
Additions to mortgage servicing rights	3,312	$ 13,210
Transfer of loans held for investment to loans held for sale	$ 31,551

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,710,066	$ 1,858,700	$ 1,764,081
Federal funds sold	650	650	743
Assets segregated for regulatory purposes	70,717	57,395	36,199
Total cash, cash equivalents and restricted cash	$ 1,781,433	$ 1,916,745	$ 1,801,023	$ 1,647,899

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	3 Months Ended
Summary of Significant Accounting and Reporting Policies	Mar. 31, 2024
Summary of Significant Accounting and Reporting Policies
Summary of Significant Accounting and Reporting Policies	1. Summary of Significant Accounting and Reporting Policies Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the “Bank”). In addition, the Company provides an array of financial products and services through its broker-dealer and mortgage origination subsidiaries. The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units, PlainsCapital Corporation (“PCC”) and Hilltop Securities Holdings LLC (“Securities Holdings”). PCC is a financial holding company that provides, through its subsidiaries, traditional banking, wealth and investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company that provides, through its subsidiaries, investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, clearing, securities lending, structured finance and retail brokerage services throughout the United States. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. Hilltop owns 100% of the outstanding stock of PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds a controlling ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly-owned subsidiaries, Hilltop Securities Inc. (“Hilltop Securities”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”). Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 17 to the consolidated financial statements included in the Company’s 2023 Form 10-K and are collectively referred to as the “Hilltop Plaza Entities.” The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2023 Form 10-K.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
Recently Issued Accounting Standards	Mar. 31, 2024
Recently Issued Accounting Standards
Recently Issued Accounting Standards	2. Recently Issued Accounting Standards Accounting Standards Issued But Not Yet Adopted In August 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05 to require joint ventures to initially measure all contributions received and liabilities assumed upon its formation at fair value. The guidance is applicable to joint venture entities with a formation date on or after January 1, 2025, with early adoption permitted. The Company does not expect the future adoption of this amendment to have a material impact on its future consolidated statements. In October 2023, the FASB issued ASU 2023-06 to clarify or improve disclosure and presentation requirements of a variety of topics, which will allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the FASB accounting standard codification with the SEC's regulations. The amendments will be effective on the date the SEC removes related disclosure requirements from Regulation S-X or Regulation S-K. If by June 30, 2027, the SEC has not removed the applicable disclosure requirements, the pending amendments will not become effective. Early adoption is prohibited. The Company does not expect the future adoption of this amendment to have a material impact on its consolidated financial statements since the Company is currently subject to the SEC’s disclosure and presentation requirements under Regulation S-X and Regulation S-K. In November 2023, the FASB issued ASU 2023-07 to enhance disclosures of significant expense and segment profitability categories and amounts for each of the Company’s reportable business segments. The amendments are effective in annual periods beginning after December 15, 2023 and subsequent interim periods, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements. In December 2023, the FASB issued ASU 2023-09 to improve disclosures and presentation requirements to the transparency of the income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The amendments are effective in annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements. In March 2024, the FASB issued ASU 2024-01 to clarify how an entity should determine whether a profits interest or similar award should be accounted for as a share-based payment arrangement or similar to a cash bonus or profit-sharing arrangement. The amendments are effective in annual periods beginning after December 15, 2024, and interim periods within those annual periods, with early adoption permitted. The Company is currently evaluating the new guidance and the impact on its future consolidated statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2024
Fair Value Measurements
Fair Value Measurements	3. Fair Value Measurements Fair Value Measurements and Disclosures The Company determines fair values in compliance with The Fair Value Measurements and Disclosures Topic of the ASC (the “Fair Value Topic”). The Fair Value Topic defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. The Fair Value Topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Fair Value Topic assumes that transactions upon which fair value measurements are based occur in the principal market for the asset or liability being measured. Further, fair value measurements made under the Fair Value Topic exclude transaction costs and are not the result of forced transactions. The Fair Value Topic includes a fair value hierarchy that classifies fair value measurements based upon the inputs used in valuing the assets or liabilities that are the subject of fair value measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs, as indicated below. ● Level 1 Inputs : Unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access at the measurement date. ● Level 2 Inputs : Observable inputs other than Level 1 prices. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, yield curves, prepayment speeds, default rates, credit risks and loss severities), and inputs that are derived from or corroborated by market data, among others. ● Level 3 Inputs : Unobservable inputs that reflect an entity’s own estimates about the assumptions that market participants would use in pricing the assets or liabilities. Level 3 inputs include pricing models and discounted cash flow techniques, among others . Fair Value Option The Company has elected to measure substantially all of PrimeLending’s mortgage loans held for sale and the retained mortgage servicing rights (“MSR”) asset at fair value, under the provisions of the Fair Value Option. The Company elected to apply the provisions of the Fair Value Option to these items so that it would have the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. At March 31, 2024 and December 31, 2023, the aggregate fair value of PrimeLending’s mortgage loans held for sale accounted for under the Fair Value Option was $684.1 million and $822.2 million, respectively, and the unpaid principal balance of those loans was $675.5 million and $802.3 million, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. The Company holds a number of financial instruments that are measured at fair value on a recurring basis, either by the application of the Fair Value Option or other authoritative pronouncements. The fair values of those instruments are determined primarily using Level 2 inputs. Those inputs include quotes from mortgage loan investors and derivatives dealers and data from independent pricing services. The fair value of loans held for sale is determined using an exit price method. The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). Level 1 Level 2 Level 3 Total March 31, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 6,504 $ 651,196 $ — $ 657,700 Available for sale securities — 1,459,741 20,814 1,480,555 Equity securities 315 — — 315 Loans held for sale — 663,832 51,795 715,627 Loans held for investment — — 11,211 11,211 Derivative assets — 74,413 820 75,233 MSR asset — — 95,591 95,591 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 56,070 4,492 — 60,562 Derivative liabilities — 8,313 — 8,313 Level 1 Level 2 Level 3 Total December 31, 2023 Inputs Inputs Inputs Fair Value Trading securities $ 8,929 $ 507,062 $ — $ 515,991 Available for sale securities — 1,483,177 24,418 1,507,595 Equity securities 321 — — 321 Loans held for sale — 784,158 38,036 822,194 Loans held for investment — — 10,858 10,858 Derivative assets — 76,778 820 77,598 MSR asset — — 96,662 96,662 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 14,027 20,845 — 34,872 Derivative liabilities — 27,106 — 27,106 The following tables include a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). Total Gains or Losses (Realized or Unrealized) Balance, Transfers Included in Other Beginning of Purchases/ Sales/ to (from) Included in Comprehensive Balance, Period Additions Reductions Level 3 Net Income Income (Loss) End of Period Three months ended March 31, 2024 Available for sale securities $ 24,418 $ — $ (4,702) $ — $ 635 $ 463 $ 20,814 Loans held for sale 38,036 25,342 (6,076) — (5,507) — 51,795 Loans held for investment 10,858 — — — 353 — 11,211 Derivative assets 820 — — — — — 820 MSR asset 96,662 3,312 — — (4,383) — 95,591 Equity investment 19,540 — — — — — 19,540 Total $ 190,334 $ 28,654 $ (10,778) $ — $ (8,902) $ 463 $ 199,771 Three months ended March 31, 2023 Loans held for sale $ 40,707 $ 16,796 $ (23,454) $ (446) $ 390 $ — $ 33,993 Loans held for investment 9,181 — — — 256 — 9,437 MSR asset 100,825 13,210 — — (10,721) — 103,314 Total $ 150,713 $ 30,006 $ (23,454) $ (446) $ (10,075) $ — $ 146,744 All net realized and unrealized gains (losses) in the tables above are reflected in the accompanying consolidated financial statements. The unrealized gains (losses) relate to financial instruments still held at March 31, 2024. For material Level 3 financial instruments measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023, the significant unobservable inputs used in the fair value measurements were as follows. Range (Weighted-Average) Financial instrument Fair Value Valuation Technique Unobservable Inputs March 31, 2024 December 31, 2023 Available for sale securities $ 7,893 Discounted cash flow Discount rate 14.50 - 15.25 % 14.25 - 15.50 % 12,921 Recent transaction Recent transaction Loans held for sale 51,795 Market comparable Projected price 78 - 91 % ( 90 %) 78 - 92 % ( 90 %) Loans held for investment 11,211 Discounted cash flow Discount rate 9.00 - 9.50 % 10.00 % Derivative assets 820 Discounted cash flow Discount rate 15.00 % 15.00 % MSR asset 95,591 Discounted cash flow Constant prepayment rate 8.53 % 8.65 % Discount rate 13.02 % 11.67 % Equity investments 19,540 Recent transaction Recent transaction The fair value of certain available for sale securities and loans held for investment by the Company’s merchant bank subsidiary are measured, under the provisions of the Fair Value Option, using the income approach with Level 3 inputs. The fair value of such financial instruments are based upon estimates of expected cash flows using unobservable inputs, including credit spreads derived from comparable securities and benchmark credit curves, and management’s knowledge of underlying collateral. The fair value of certain loans held for sale that cannot be sold through normal sale channels or are non-performing is measured using Level 3 inputs. The fair value of such loans is generally based upon estimates of expected cash flows using unobservable inputs, including listing prices of comparable assets, uncorroborated expert opinions, and/or management’s knowledge of underlying collateral. The fair value of certain derivatives by the Company’s merchant bank subsidiary are measured using Level 3 inputs based upon estimates of expected cash flows using unobservable inputs, including management’s knowledge of underlying collateral. The MSR asset is reported at fair value, under the provisions of the Fair Value Option, using Level 3 inputs. The MSR asset is valued by projecting net servicing cash flows, which are then discounted to estimate the fair value. The fair value of the MSR asset is impacted by a variety of factors. Prepayment and discount rates, the most significant unobservable inputs, are discussed further in Note 7 to the consolidated financial statements. The Company has elected to measure certain equity investments by the Company’s merchant bank subsidiary under the provisions of the Fair Value Option using Level 3 inputs to mitigate volatility in reported earnings changes in fair value and better align with merchant bank investment strategy. Changes in fair value are reported within other noninterest income in the accompanying consolidated statements of operations. The Company had no transfers between Levels 1 and 2 during the periods presented. Any transfers are based on changes in the observability and/or significance of the valuation inputs and are assumed to occur at the beginning of the quarterly reporting period in which they occur. The following table presents those changes in fair value of material instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Other Total Other Total Net Noninterest Changes in Net Noninterest Changes in Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Loans held for sale $ (11,316) $ — $ (11,316) $ 10,134 $ — $ 10,134 Loans held for investment 94 — 94 — — — MSR asset (4,383) — (4,383) (10,721) — (10,721) Financial Assets and Liabilities Not Measured at Fair Value on Recurring or Non-Recurring Basis The Fair Value of Financial Instruments Subsection of the ASC requires disclosure of the fair value of financial assets and liabilities, including the financial assets and liabilities previously discussed. There have been no changes to the methods for determining estimated fair value for financial assets and liabilities as described in detail in Note 3 to the consolidated financial statements included in the Company’s 2023 Form 10-K. The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). Estimated Fair Value Carrying Level 1 Level 2 Level 3 March 31, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,710,716 $ 1,710,716 $ — $ — $ 1,710,716 Assets segregated for regulatory purposes 70,717 70,717 — — 70,717 Securities purchased under agreements to resell 91,608 — 91,608 — 91,608 Held to maturity securities 790,550 — 702,843 — 702,843 Loans held for sale 126,697 — 93,090 34,615 127,705 Loans held for investment, net 7,947,250 — 332,675 7,693,786 8,026,461 Broker-dealer and clearing organization receivables 1,473,561 — 1,473,561 — 1,473,561 Other assets 75,388 — 75,388 — 75,388 Financial liabilities: Deposits 10,884,096 — 10,873,333 — 10,873,333 Broker-dealer and clearing organization payables 1,436,462 — 1,436,462 — 1,436,462 Short-term borrowings 892,574 — 892,574 — 892,574 Debt 347,273 — 322,845 — 322,845 Other liabilities 21,807 — 21,807 — 21,807 Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2023 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,859,350 $ 1,859,350 $ — $ — $ 1,859,350 Assets segregated for regulatory purposes 57,395 57,395 — — 57,395 Securities purchased under agreements to resell 80,011 — 80,011 — 80,011 Held to maturity securities 812,677 — 731,858 — 731,858 Loans held for sale 121,652 — 99,358 22,882 122,240 Loans held for investment, net 7,957,474 — 344,172 7,696,393 8,040,565 Broker-dealer and clearing organization receivables 1,573,931 — 1,573,931 — 1,573,931 Other assets 74,613 — 74,613 — 74,613 Financial liabilities: Deposits 11,063,192 — 11,045,957 — 11,045,957 Broker-dealer and clearing organization payables 1,430,734 — 1,430,734 — 1,430,734 Short-term borrowings 900,038 — 900,038 — 900,038 Debt 347,145 — 319,505 — 319,505 Other liabilities 24,280 — 24,280 — 24,280 The Company held equity investments other than securities of $39.0 million and $59.2 million at March 31, 2024 and December 31, 2023, respectively, which are included within other assets in the consolidated balance sheets. Of the $39.0 million of such equity investments held at March 31, 2024, $6.6 million do not have readily determinable fair values and each is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The following table presents the adjustments to the carrying value of these investments during the periods presented (in thousands). Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 6,608 $ 27,264 Upward adjustments — 243 Impairments and downward adjustments — (5,000) Balance, end of period $ 6,608 $ 22,507

Securities

Securities	3 Months Ended
Securities	Mar. 31, 2024
Securities
Securities	4. Securities The fair value of trading securities is summarized as follows (in thousands). March 31, December 31, 2024 2023 U.S. Treasury securities $ 1,247 $ 3,736 U.S. government agencies: Bonds 14,513 12,867 Residential mortgage-backed securities 155,355 124,768 Collateralized mortgage obligations 103,085 86,281 Other — 13,079 Corporate debt securities 56,252 37,569 States and political subdivisions 260,700 180,890 Private-label securitized product 56,084 47,768 Other 10,464 9,033 Totals $ 657,700 $ 515,991 In addition to the securities shown above, the Hilltop Broker-Dealers enter into transactions that represent commitments to purchase and deliver securities at prevailing future market prices to facilitate customer transactions and satisfy such commitments. Accordingly, the Hilltop Broker-Dealers’ ultimate obligations may exceed the amount recognized in the financial statements. These securities, which are carried at fair value and reported as securities sold, not yet purchased in the consolidated balance sheets, had a value of $60.6 million and $34.9 million at March 31, 2024 and December 31, 2023, respectively. The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). Available for Sale Amortized Unrealized Unrealized March 31, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,987 $ — $ (379) $ 4,608 U.S. government agencies: Bonds 160,657 216 (759) 160,114 Residential mortgage-backed securities 389,134 64 (41,562) 347,636 Commercial mortgage-backed securities 196,627 229 (6,767) 190,089 Collateralized mortgage obligations 783,966 232 (60,824) 723,374 Corporate debt securities 21,851 — (1,037) 20,814 States and political subdivisions 36,945 35 (3,060) 33,920 Totals $ 1,594,167 $ 776 $ (114,388) $ 1,480,555 Available for Sale Amortized Unrealized Unrealized December 31, 2023 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,985 $ — $ (368) $ 4,617 U.S. government agencies: Bonds 166,617 360 (811) 166,166 Residential mortgage-backed securities 389,160 25 (39,315) 349,870 Commercial mortgage-backed securities 200,236 468 (8,958) 191,746 Collateralized mortgage obligations 797,876 291 (61,686) 736,481 Corporate debt securities 25,919 — (1,501) 24,418 States and political subdivisions 36,954 39 (2,696) 34,297 Totals $ 1,621,747 $ 1,183 $ (115,335) $ 1,507,595 Held to Maturity Amortized Unrealized Unrealized March 31, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 273,005 $ — $ (29,334) $ 243,671 Commercial mortgage-backed securities 162,273 — (13,422) 148,851 Collateralized mortgage obligations 277,859 — (38,969) 238,890 States and political subdivisions 77,413 72 (6,054) 71,431 Totals $ 790,550 $ 72 $ (87,779) $ 702,843 Held to Maturity Amortized Unrealized Unrealized December 31, 2023 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 278,172 $ — $ (25,765) $ 252,407 Commercial mortgage-backed securities 172,879 — (12,670) 160,209 Collateralized mortgage obligations 284,208 — (37,189) 247,019 States and political subdivisions 77,418 149 (5,344) 72,223 Totals $ 812,677 $ 149 $ (80,968) $ 731,858 Additionally, the Company had unrealized net gains of $0.3 million and $0.3 million at March 31, 2024 and December 31, 2023, respectively, from equity securities with fair values of $0.3 million and $0.3 million held at March 31, 2024 and December 31, 2023, respectively. The Company recognized nominal net gains and losses during the three months ended March 31, 2024 and 2023, respectively, due to changes in the fair value of equity securities still held at the balance sheet date. During the three months ended March 31, 2024 and 2023, net gains and losses recognized from equity securities sold were nominal. Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). March 31, 2024 December 31, 2023 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Available for Sale U.S. treasury securities: Unrealized loss for less than twelve months — $ — $ — — $ — $ — Unrealized loss for twelve months or longer 1 4,608 379 1 4,617 368 1 4,608 379 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months 4 28,891 150 4 28,988 103 Unrealized loss for twelve months or longer 20 107,789 609 20 112,502 708 24 136,680 759 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 14 16,213 813 14 8,989 616 Unrealized loss for twelve months or longer 109 322,481 40,749 109 338,769 38,699 123 338,694 41,562 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months 3 15,040 411 2 10,413 282 Unrealized loss for twelve months or longer 18 186,537 6,356 18 162,470 8,676 21 201,577 6,767 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 3 18,327 273 2 11,560 22 Unrealized loss for twelve months or longer 136 682,738 60,551 138 709,571 61,665 139 701,065 60,824 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 1 8,930 1,037 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 1 8,930 1,037 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months 10 6,957 105 10 7,023 55 Unrealized loss for twelve months or longer 50 20,550 2,955 50 20,857 2,640 60 27,507 3,060 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 35 94,358 2,789 34 80,456 2,579 Unrealized loss for twelve months or longer 334 1,324,703 111,599 336 1,348,786 112,756 369 $ 1,419,061 $ 114,388 370 $ 1,429,242 $ 115,335 March 31, 2024 December 31, 2023 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Held to Maturity U.S. government agencies: Residential mortgage-backed securities: Unrealized loss for less than twelve months — $ — $ — — $ — $ — Unrealized loss for twelve months or longer 45 273,004 29,334 44 278,172 25,765 45 273,004 29,334 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 29 154,917 13,422 31 160,208 12,670 29 154,917 13,422 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 238,891 38,969 54 247,019 37,189 54 238,891 38,969 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 48 21,730 618 39 15,506 479 Unrealized loss for twelve months or longer 129 44,884 5,436 128 45,208 4,865 177 66,614 6,054 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 48 21,730 618 39 15,506 479 Unrealized loss for twelve months or longer 257 711,696 87,161 257 730,607 80,489 305 $ 733,426 $ 87,779 296 $ 746,113 $ 80,968 Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. The amortized cost and fair value of securities, excluding trading and equity securities, at March 31, 2024 are shown by contractual maturity below (in thousands). Available for Sale Held to Maturity Amortized Amortized Cost Fair Value Cost Fair Value Due in one year or less $ 32,601 $ 32,497 $ 310 $ 310 Due after one year through five years 78,846 77,196 2,729 2,595 Due after five years through ten years 52,859 52,284 37,772 35,501 Due after ten years 60,134 57,479 36,602 33,025 224,440 219,456 77,413 71,431 Residential mortgage-backed securities 389,134 347,636 273,005 243,671 Commercial mortgage-backed securities 196,627 190,089 162,273 148,851 Collateralized mortgage obligations 783,966 723,374 277,859 238,890 $ 1,594,167 $ 1,480,555 $ 790,550 $ 702,843 The Company recognized net gains of $2.9 million and $10.5 million from its trading portfolio during the three months ended March 31, 2024 and 2023, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $32.3 million and $32.6 million during the three months ended March 31, 2024 and 2023, respectively. The Company had no other realized gains and losses on securities during the three months ended March 31, 2024 and 2023, respectively. All such realized gains and losses are recorded as a component of other noninterest income within the consolidated statements of operations. Securities with a carrying amount of $624.0 million and $537.2 million (with a fair value of $574.1 million and $503.1 million, respectively) at March 31, 2024 and December 31, 2023, respectively, were pledged by the Bank to secure public and trust deposits, federal funds purchased and securities sold under agreements to repurchase, and for other purposes as required or permitted by law. Substantially all of these pledged securities were included in the available for sale and held to maturity securities portfolios at March 31, 2024 and December 31, 2023. Mortgage-backed securities and collateralized mortgage obligations consist primarily of Government National Mortgage Association (“GNMA”), Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”) pass-through and participation certificates. GNMA securities are guaranteed by the full faith and credit of the United States, while FNMA and FHLMC securities are fully guaranteed by those respective United States government-sponsored agencies, and conditionally guaranteed by the full faith and credit of the United States.

Loans Held for Investment

Loans Held for Investment	3 Months Ended
Loans Held for Investment	Mar. 31, 2024
Loans Held for Investment
Loans Held for Investment	5. Loans Held for Investment The Bank originates loans to customers primarily in Texas. Although the Bank has diversified loan and leasing portfolios and, generally, holds collateral against amounts advanced to customers, its debtors’ ability to honor their contracts is substantially dependent upon the general economic conditions of the region and of the industries in which its debtors operate, which consist primarily of real estate (including construction and land development), wholesale/retail trade, agribusiness and energy. The Hilltop Broker-Dealers make loans to customers and correspondents through transactions originated by both employees and independent retail representatives throughout the United States. The Hilltop Broker-Dealers control risk by requiring customers to maintain collateral in compliance with various regulatory and internal guidelines, which may vary based upon market conditions. Securities owned by customers and held as collateral for loans are not included in the consolidated financial statements. Loans held for investment summarized by portfolio segment are as follows (in thousands). March 31, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 1,932,746 $ 1,889,882 Owner occupied 1,449,249 1,422,234 Commercial and industrial 1,613,301 1,607,833 Construction and land development 933,405 1,031,095 1-4 family residential 1,773,376 1,757,178 Consumer 27,941 27,351 Broker-dealer (1) 332,675 344,172 8,062,693 8,079,745 Allowance for credit losses (104,231) (111,413) Total loans held for investment, net of allowance $ 7,958,462 $ 7,968,332 (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations. Past Due Loans and Nonaccrual Loans An analysis of the aging of the Company’s loan portfolio is shown in the following tables (in thousands). Accruing Loans Loans Past Due Total Past Current Total Past Due March 31, 2024 30-59 Days 60-89 Days 90 Days or More Due Loans Loans Loans 90 Days or More Commercial real estate: Non-owner occupied $ 3,904 $ — $ 799 $ 4,703 $ 1,928,043 $ 1,932,746 $ — Owner occupied 8,117 150 10 8,277 1,440,972 1,449,249 — Commercial and industrial 1,100 150 3,330 4,580 1,608,721 1,613,301 2,537 Construction and land development 4,888 — 277 5,165 928,240 933,405 — 1-4 family residential 8,300 679 1,927 10,906 1,762,470 1,773,376 13 Consumer 125 14 3 142 27,799 27,941 — Broker-dealer — — — — 332,675 332,675 — $ 26,434 $ 993 $ 6,346 $ 33,773 $ 8,028,920 $ 8,062,693 $ 2,550 Accruing Loans Loans Past Due Total Past Current Total Past Due December 31, 2023 30-59 Days 60-89 Days 90 Days or More Due Loans Loans Loans 90 Days or More Commercial real estate: Non-owner occupied $ 6,125 $ — $ 799 $ 6,924 $ 1,882,958 $ 1,889,882 $ — Owner occupied 6,823 386 3,897 11,106 1,411,128 1,422,234 — Commercial and industrial 3,348 1,496 2,074 6,918 1,600,915 1,607,833 — Construction and land development 767 1,554 276 2,597 1,028,498 1,031,095 — 1-4 family residential 8,625 1,292 3,203 13,120 1,744,058 1,757,178 — Consumer 28 4 5 37 27,314 27,351 — Broker-dealer — — — — 344,172 344,172 — $ 25,716 $ 4,732 $ 10,254 $ 40,702 $ 8,039,043 $ 8,079,745 $ — In addition to the loans shown in the tables above, PrimeLending had $110.2 million and $115.1 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $111.0 million and $115.7 million, respectively) that were 90 days past due and accruing interest at March 31, 2024 and December 31, 2023, respectively. These loans are guaranteed by U.S. government agencies and include loans that are subject to repurchase, or have been repurchased, by PrimeLending. The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). Non-accrual Loans March 31, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended March 31, Allowance Allowance Total Allowance Allowance Total 2024 2023 Commercial real estate: Non-owner occupied $ 422 $ 2,688 $ 3,110 $ 33,728 $ 2,712 $ 36,440 $ 1,194 $ 123 Owner occupied 4,702 144 4,846 4,630 468 5,098 93 63 Commercial and industrial 6,527 5,638 12,165 5,216 4,286 9,502 102 131 Construction and land development 500 — 500 533 2,749 3,282 42 7 1-4 family residential 626 7,405 8,031 726 9,283 10,009 493 456 Consumer 3 — 3 6 — 6 — — Broker-dealer — — — — — — — — $ 12,780 $ 15,875 $ 28,655 $ 44,839 $ 19,498 $ 64,337 $ 1,924 $ 780 At March 31, 2024 and December 31, 2023, $4.5 million and $4.0 million, respectively, of real estate loans secured by residential properties and classified as held for sale were in non-accrual status. As shown in the table above, loans accounted for on a non-accrual basis decreased from December 31, 2023 to March 31, 2024 by $35.7 million. The change in non-accrual loans was primarily due to decreases in commercial real estate non-owner occupied loans of $33.3 million, construction and land development loans of $2.8 million and 1-4 family residential loans of $2.0 million, partially offset by an increase in commercial and industrial loans of $2.7 million. The decrease in commercial real estate non-owner occupied loans in non-accrual status was primarily due to the reclassification of a single loan from loans held for investment to loans held for sale, for which the non-accrual status was retained. The decrease in construction and land development loans in non-accrual status was primarily due to the payoff of a single relationship with an aggregate loan balance of $2.7 million since December 31, 2023, partially offset by principal paydowns. The decrease in 1-4 family residential loans in non-accrual status since December 31, 2023 was primarily due to $1.0 million of loans that were returned to accrual status and principal payoffs. The increase in commercial and industrial loans was primarily due to the addition of thirteen relationships with an aggregate loan balance of $7.3 million to non-accrual status since December 31, 2023, partially offset by principal payoffs. The Company considers non-accrual loans to be collateral-dependent unless there are underlying mitigating circumstances, such as expected cash flow recovery. The practical expedient to measure the allowance using the fair value of the collateral has been implemented. Loan Modifications Loan modifications are typically structured to create affordable payments for the debtor and can be achieved in a variety of ways. The Bank modifies loans by reducing interest rates and/or lengthening loan amortization schedules. The following table presents the amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty grouped by portfolio segment and type of modification granted during the periods presented (in thousands). Total Modifications as a Interest Rate Term Principal Payment % of Portfolio Three Months Ended March 31, 2024 Reduction Extension Forgiveness Delay Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — — % Owner occupied — 491 — 3,882 0.3 % Commercial and industrial — 16,797 — 166 1.1 % Construction and land development — 223 — 1,729 0.2 % 1-4 family residential — — — — — % Consumer — — — — — % Broker-dealer — — — — — % Total $ — $ 17,511 $ — $ 5,777 0.3 % Total Modifications as a Interest Rate Term Principal Payment % of Portfolio Three Months Ended March 31, 2023 Reduction Extension Forgiveness Delay Segment Commercial real estate: Non-owner occupied $ — $ 37,972 $ — $ — 2.1 % Owner occupied — 2,235 — — 0.2 % Commercial and industrial — 1,364 — 3,000 0.3 % Construction and land development — — — — — % 1-4 family residential — — — — — % Consumer — — — — — % Broker-dealer — — — — — % Total $ — $ 41,571 $ — $ 3,000 0.5 % For those loans held for investment modified for borrowers experiencing financial difficulty during the last twelve months, the following table provides aging and non-accrual details grouped by portfolio segment (in thousands). Modified Loans Past Due Total Modified Modified March 31, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 32,247 Owner occupied 3,882 — 10 3,892 3,980 Commercial and industrial 242 — 2,475 2,717 3,417 Construction and land development — — — — 223 1-4 family residential — — — — — Consumer — — — — — Broker-dealer — — — — — Total $ 4,124 $ — $ 2,485 $ 6,609 $ 39,867 The following table presents the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty during the periods presented (in thousands). Weighted-Average Term Extension (in months) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 Commercial real estate: Non-owner occupied — 13 Owner occupied 14 35 Commercial and industrial 11 9 Construction and land development 15 — 1-4 family residential — — Consumer — — Broker-dealer — — Total 11 14 Credit Risk Profile Management tracks credit quality trends on a quarterly basis related to: (i) past due levels, (ii) non-performing asset levels, (iii) classified loan levels, and (iv) general economic conditions in state and local markets. The Company defines classified loans as loans with a risk rating of substandard, doubtful or loss. There have been no changes to the risk rating internal grades utilized for commercial loans as described in detail in Note 5 to the consolidated financial statements in the Company’s 2023 Form 10-K. The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). Amortized Cost Basis by Origination Year Loans 2019 and Converted to March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Total Commercial real estate: non-owner occupied Internal Grade 1-3 (Pass low risk) $ — $ 5,010 $ 30,933 $ 31,644 $ 17,530 $ 6,931 $ (21) $ 179 $ 92,206 Internal Grade 4-7 (Pass normal risk) 9,205 183,150 285,243 374,563 132,824 124,113 36,624 16,540 1,162,262 Internal Grade 8-11 (Pass high risk and watch) 27,566 153,849 166,882 68,816 80,548 84,917 10,771 1,422 594,771 Internal Grade 12 (Special mention) — — 12,162 2,563 3,736 25,714 — — 44,175 Internal Grade 13 (Substandard accrual) — 6,296 11,607 13,929 1,033 3,357 — — 36,222 Internal Grade 14 (Substandard non-accrual) — 377 1,392 — — 1,341 — — 3,110 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 19,006 $ 56,914 $ 33,111 $ 119,697 $ 39,147 $ 53,685 $ 4,373 $ 13,533 $ 339,466 Internal Grade 4-7 (Pass normal risk) 15,407 104,368 158,299 135,907 60,725 176,501 17,938 9,235 678,380 Internal Grade 8-11 (Pass high risk and watch) 12,398 52,622 88,218 69,942 82,352 76,800 5,202 — 387,534 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) 402 2,088 7,840 5,824 6,796 15,976 97 — 39,023 Internal Grade 14 (Substandard non-accrual) 3,882 160 88 637 — 79 — — 4,846 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 343 $ 14,915 $ 15,525 $ 43,524 $ 12,135 $ 20,196 $ 35,574 $ — $ 142,212 Internal Grade 4-7 (Pass normal risk) 39,114 63,274 65,948 73,842 17,964 11,951 313,227 3,651 588,971 Internal Grade 8-11 (Pass high risk and watch) 62,717 96,763 96,683 68,465 33,984 9,698 224,948 2,612 595,870 Internal Grade 12 (Special mention) — — — — — — 1,349 — 1,349 Internal Grade 13 (Substandard accrual) — 5,301 728 2,154 2,106 1,999 39,185 13,678 65,151 Internal Grade 14 (Substandard non-accrual) 166 225 701 232 934 904 2,158 6,845 12,165 Current period gross charge-offs — 1,211 274 9 301 1,188 — — 2,983 Construction and land development Internal Grade 1-3 (Pass low risk) $ 225 $ 2,479 $ 6,123 $ 1,532 $ — $ 305 $ — $ — $ 10,664 Internal Grade 4-7 (Pass normal risk) 52,978 179,925 139,931 84,809 7,409 3,198 17,630 — 485,880 Internal Grade 8-11 (Pass high risk and watch) 63,057 173,123 134,265 4,881 2,106 2,474 12,247 4,539 396,692 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) — 15,554 491 112 — — — — 16,157 Internal Grade 14 (Substandard non-accrual) — 500 — — — — — — 500 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 107 3,681 — — — 866 — — 4,654 FICO greater than 720 924 17,707 — 120 50 — — — 18,801 Substandard non-accrual — — — — — — — — — Other (1) 57 — — — — — — — 57 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ — $ 637 $ 1,437 $ 496 $ 745 $ 22,413 $ 222 $ — $ 25,950 FICO between 620 and 720 337 10,801 15,492 11,698 5,836 29,325 1,065 190 74,744 FICO greater than 720 37,088 142,481 524,346 710,247 84,905 86,038 3,250 425 1,588,780 Substandard non-accrual — — — — — 8,031 — — 8,031 Other (1) 12,932 35,924 16,963 3,425 1,365 4,676 272 314 75,871 Current period gross charge-offs — — — — — — — — — Consumer FICO less than 620 $ 329 $ 560 $ 392 $ 34 $ 76 $ 8 $ 358 $ 6 $ 1,763 FICO between 620 and 720 1,791 2,483 1,048 361 220 82 1,951 42 7,978 FICO greater than 720 1,479 3,207 2,254 753 277 16 2,277 1 10,264 Substandard non-accrual — — — — — 3 — — 3 Other (1) 3,769 2,728 1,065 162 21 34 154 — 7,933 Current period gross charge-offs — 74 — — — 7 — — 81 Total loans with credit quality measures $ 365,279 $ 1,337,102 $ 1,819,167 $ 1,830,369 $ 594,824 $ 771,631 $ 730,851 $ 73,212 $ 7,522,435 Commercial and industrial (mortgage warehouse lending) $ 196,372 Commercial and industrial (loans accounted for at fair value) $ 11,211 Broker-dealer (margin loans and correspondent receivables) $ 332,675 Total loans held for investment $ 8,062,693 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
Allowance for Credit Losses	Mar. 31, 2024
Allowance for Credit Losses
Allowance for Credit Losses	6. Allowance for Credit Losses Available for Sale Securities and Held to Maturity Securities The Company has evaluated available for sale debt securities that are in an unrealized loss position and has determined that any decline in value is unrelated to credit loss and related to changes in market interest rates since purchase. None of the available for sale debt securities held were past due at March 31, 2024. In addition, as of March 31, 2024, the Company had not made a decision to sell any of its debt securities held, nor did the Company consider it more likely than not that it would be required to sell such securities before recovery of their amortized cost basis. The Company does not expect to have credit losses associated with the debt securities and no allowance was recognized on the debt securities portfolio. Loans Held for Investment The allowance for credit losses for loans held for investment represents management’s best estimate of all expected credit losses over the expected contractual life of the Company’s existing portfolio. Management’s methodology for determining the allowance for credit losses uses the current expected credit losses (“CECL”) standard. Management considers the level of allowance for credit losses to be a reasonable and supportable estimate of expected credit losses inherent within the loans held for investment portfolio as of March 31, 2024. While the Company believes it has an appropriate allowance for the existing loan portfolio at March 31, 2024, additional provision for losses on existing loans may be necessary in the future. Future changes in the allowance for credit losses are expected to be volatile given dependence upon, among other things, the portfolio composition and quality, as well as changes in macroeconomic forecasts and loan cash flow assumptions. In addition to the allowance for credit losses, the Company maintains a separate allowance for credit losses related to off-balance sheet credit exposures, including unfunded loan commitments, and this amount is included in other liabilities within the consolidated balance sheets. For further information on the policies that govern the estimation of the allowances for credit losses levels, see Note 1 to the consolidated financial statements in the Company’s 2023 Form 10-K. One of the most significant judgments involved in estimating the Company’s allowance for credit losses relates to the macroeconomic forecasts used to estimate credit losses over the reasonable and supportable forecast period. To determine our best estimate of expected credit losses as of March 31, 2024, the Company utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in March 2024 that was updated to reflect the U.S. economic outlook. This alternative economic scenario expects inflation to accelerate to higher than 3%. In response to rising inflation, Federal Reserve monetary policy raises the federal funds rate in 2024 to a terminal range of 5.75% to 6%. The combination of the persistent inflation, the Federal Reserve rate increases, and declining confidence causes economic growth to decelerate during the remainder of 2024 and to fall into recession in the first quarter of 2025. Significant variables that impact the modeled losses across our loan portfolios are the U.S. Real Gross Domestic Product, or GDP, growth rates and unemployment rate assumptions. Changes in these assumptions and forecasts of economic conditions could significantly affect the estimate of expected credit losses at the balance sheet date or between reporting periods. During the three months ended March 31, 2023, the provision for credit losses reflected a build in the allowance related to loan portfolio changes since the prior quarter, offset by an updated economic outlook with a mild U.S. recession from fourth quarter of 2023 and recovery from the third quarter of 2024 compared to prior quarter’s U.S. recession assumption during the last three quarters of 2023. The net impact to the allowance of changes associated with individually and collectively evaluated loans during the three months ended March 31, 2023 included a provision for credit losses on individually evaluated loans of $0.7 million attributable to the broker-dealer loan portfolio and a provision for credit losses on collectively evaluated loans at the Bank of $1.5 million due to recent updates in internal risk ratings, growth in funded loan balances and renewals during the quarter. The changes in the allowance during the three months ended March 31, 2023 were also impacted by net charge-offs of $0.4 million. During the three months ended March 31, 2024, the reversal of credit losses reflected improvements to the U.S. economic outlook, offset by increases in specific reserves within the banking segment. Specific to the Bank, the net impact to the allowance of changes associated with collectively evaluated loans during the three months ended March 31, 2024 included a reversal of credit losses of $7.0 million, while the net impact to the allowance of changes associated with individually evaluated loans during the three months ended March 31, 2024 included a provision for credit losses of $4.1 million. The changes in the allowance for credit losses during the noted periods were primarily attributable to the Bank and also reflected other factors including, but not limited to, loan mix, and changes in loan balances and qualitative factors from the prior quarter. The changes in the allowance during the three months ended March 31, 2024 were also impacted by net charge-offs of $4.3 million. Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended March 31, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ 1,149 $ (1,647) $ — $ 39,563 Owner occupied 28,114 614 — 9 28,737 Commercial and industrial 20,926 (1,733) (2,983) 342 16,552 Construction and land development 12,102 (2,095) — 1 10,008 1-4 family residential 9,461 (728) — 11 8,744 Consumer 648 (60) (81) 37 544 Broker-dealer 101 (18) — — 83 Total $ 111,413 $ (2,871) $ (4,711) $ 400 $ 104,231 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended March 31, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ (580) $ — $ — $ 38,667 Owner occupied 24,008 (188) (977) 11 22,854 Commercial and industrial 16,035 (53) (59) 692 16,615 Construction and land development 6,051 (52) — — 5,999 1-4 family residential 9,313 2,434 (73) 17 11,691 Consumer 554 39 (69) 39 563 Broker-dealer 234 731 — — 965 Total $ 95,442 $ 2,331 $ (1,178) $ 759 $ 97,354 Unfunded Loan Commitments The Bank uses a process similar to that used in estimating the allowance for credit losses on the funded portion to estimate the allowance for credit loss on unfunded loan commitments. The allowance is based on the estimated exposure at default, multiplied by the lifetime Probability of Default grade and Loss Given Default grade for that particular loan segment. The Bank estimates expected losses by calculating a commitment usage factor based on industry usage factors. The commitment usage factor is applied over the relevant contractual period. Loss factors from the underlying loans to which commitments are related are applied to the results of the usage calculation to estimate any liability for credit losses related for each loan type. The expected losses on unfunded commitments align with statistically calculated parameters used to calculate the allowance for credit losses on the funded portion. There is no reserve calculated for letters of credit as they are issued primarily as credit enhancements and the likelihood of funding is low. Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 8,876 $ 7,784 Other noninterest expense (580) (979) Balance, end of period $ 8,296 $ 6,805 The decrease in the reserve for unfunded commitments during each of the three months ended March 31, 2024 and 2023 were primarily due to decreases in both commitment balances and expected loss rates.

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
Mortgage Servicing Rights	Mar. 31, 2024
Mortgage Servicing Rights
Mortgage Servicing Rights	7. Mortgage Servicing Rights The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 96,662 $ 100,825 Additions 3,312 13,210 Changes in fair value: Due to changes in model inputs or assumptions (1) (2,995) (9,865) Due to customer payoffs (1,388) (856) Balance, end of period $ 95,591 $ 103,314 March 31, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 5,299,744 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 1.80 % 1.85 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three months ended March 31, 2024 are MSR asset fair value adjustments totaling $4.8 million, which reflect the difference between the MSR carrying value and the sales price reflected in a signed letter of intent (“LOI”), dated April 9, 2024, to sell certain MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. The key assumptions noted in the table below represent the total $5.3 billion of serviced loan volume as of March 31, 2024, which includes $3.0 billion of serviced loan volume related to a signed LOI, dated April 9, 2024, to sell certain MSR assets. March 31, December 31, 2024 2023 Weighted average constant prepayment rate 8.53 % 8.65 % Weighted average discount rate 13.02 % 11.67 % Weighted average life (in years) 8.2 8.2 A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). The sensitivity analysis of the fair value of the Company’s MSR asset as presented in the table below excludes $3.0 billion of serviced loan volume related to previously noted LOI to sell certain MSR assets, as the loan volume would not impact the projected future changes in the assumptions. March 31, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,617) $ (3,511) Impact of 20% adverse change (3,139) (6,796) Discount rate: Impact of 10% adverse change (2,437) (4,474) Impact of 20% adverse change (4,635) (8,537) This sensitivity analysis presents the effect of hypothetical changes in key assumptions on the fair value of the MSR asset. The effect of such hypothetical change in assumptions generally cannot be extrapolated because the relationship of the change in one key assumption to the change in the fair value of the MSR asset is not linear. In addition, in the analysis, the impact of an adverse change in one key assumption is calculated independent of any impact on other assumptions. In reality, changes in one assumption may change another assumption. Contractually specified servicing fees, late fees and ancillary fees earned of $8.2 million and $7.4 million during the three months ended March 31, 2024 and 2023, respectively, were included in net gains from sale of loans and other mortgage production income within the consolidated statements of operations.

Deposits

Deposits	3 Months Ended
Deposits	Mar. 31, 2024
Deposits
Deposits	8. Deposits Deposits are summarized as follows (in thousands). March 31, December 31, 2024 2023 Noninterest-bearing demand $ 3,028,543 $ 3,007,101 Interest-bearing: Demand accounts 4,236,334 4,496,682 Brokered - demand 155,478 156,692 Money market 2,004,883 1,869,809 Brokered - money market 10,086 8,828 Savings 255,223 259,745 Time 1,193,549 1,221,935 Brokered - time — 42,400 $ 10,884,096 $ 11,063,192 At March 31, 2024, remaining maturities of estimated uninsured time deposits greater than $250,000 were $544.5 million.

Short-term Borrowings

Short-term Borrowings	3 Months Ended
Short-term Borrowings	Mar. 31, 2024
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings Short-term borrowings are summarized as follows (in thousands). March 31, December 31, 2024 2023 Federal funds purchased $ 442,808 $ 459,658 Securities sold under agreements to repurchase 228,645 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 221,121 200,330 $ 892,574 $ 900,038 Federal Funds Purchased and Securities Sold under Agreements to Repurchase Federal funds purchased and securities sold under agreements to repurchase generally mature one Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). Three Months Ended March 31, 2024 2023 Average balance during the period $ 770,705 $ 706,400 Average interest rate during the period 5.50 % 4.81 % March 31, December 31, 2024 2023 Average interest rate at end of period 5.59 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 227,815 $ 239,103 Estimated fair value $ 256,770 $ 262,408 Federal Home Loan Bank (“FHLB”) FHLB short-term borrowings mature over terms not exceeding 365 days and are collateralized by FHLB Dallas stock, nonspecified real estate loans and certain specific commercial real estate loans. Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands). Three Months Ended March 31, 2024 2023 Average balance during the period $ — $ 146,667 Average interest rate during the period 5.71 % 5.02 % Short-Term Bank Loans The Hilltop Broker-Dealers use short-term bank loans periodically to finance securities owned, margin loans to customers and correspondents and underwriting activities. Interest on the borrowings varies with the federal funds rate. At March 31, 2024 there were no outstanding short-term bank loans. Commercial Paper Hilltop Securities uses the net proceeds (after deducting related issuance expenses) from the sale of two commercial paper programs for general corporate purposes, including working capital and the funding of a portion of its securities inventories. The commercial paper notes (“CP Notes”) may be issued with maturities of 14 days to 270 days from the date of issuance. The CP Notes are issued under two separate programs, Series 2019-1 CP Notes and Series 2019-2 CP Notes, in maximum aggregate amounts of $300 million and $200 million, respectively. The CP Notes are not redeemable prior to maturity or subject to voluntary prepayment and do not bear interest, but are sold at a discount to par. The CP Notes are secured by a pledge of collateral owned by Hilltop Securities. As of March 31, 2024, the weighted average maturity of the CP Notes was 139 days at a rate of 6.15%, with a weighted average remaining life of 79 days. At March 31, 2024, the aggregate amount outstanding under these secured arrangements was $221.1 million, which was collateralized by securities held for Hilltop Securities accounts valued at $245.7 million.

Notes Payable

Notes Payable	3 Months Ended
Notes Payable	Mar. 31, 2024
Notes Payable
Notes Payable	10. Notes Payable Notes payable consisted of the following (in thousands). March 31, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $451 and $502, respectively $ 149,549 $ 149,498 Subordinated Notes due May 2030, net of discount of $485 and $511, respectively 49,515 49,489 Subordinated Notes due May 2035, net of discount of $1,791 and $1,842, respectively 148,209 148,158 $ 347,273 $ 347,145

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2024
Leases
Leases	11. Leases Supplemental balance sheet information related to finance leases is as follows (in thousands). March 31, December 31, 2024 2023 Finance leases: Premises and equipment $ 7,780 $ 7,780 Accumulated depreciation (6,685) (6,537) Premises and equipment, net $ 1,095 $ 1,243 The components of lease costs, including short-term lease costs, are as follows (in thousands). Three Months Ended March 31, 2024 2023 Operating lease cost $ 8,560 $ 8,729 Less operating lease and sublease income (681) (633) Net operating lease cost $ 7,879 $ 8,096 Finance lease cost: Amortization of ROU assets $ 147 $ 147 Interest on lease liabilities 95 112 Total finance lease cost $ 242 $ 259 Supplemental cash flow information related to leases is as follows (in thousands). Three Months Ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,308 $ 10,024 Operating cash flows from finance leases 97 113 Financing cash flows from finance leases 229 199 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 13,400 $ 4,924 Finance leases — — Information regarding the lease terms and discount rates of the Company’s leases is as follows. March 31, 2024 December 31, 2023 Weighted Average Weighted Average Remaining Lease Weighted Average Remaining Lease Weighted Average Lease Classification Term (Years) Discount Rate Term (Years) Discount Rate Operating 5.4 5.19 % 5.3 4.59 % Finance 3.1 5.02 % 3.3 4.98 % Future minimum lease payments under lease agreements as of March 31, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 23,323 $ 838 2025 27,935 886 2026 22,124 813 2027 17,433 448 2028 13,246 149 Thereafter 26,781 — Total minimum lease payments 130,842 3,134 Less amount representing interest (16,324) (815) Lease liabilities $ 114,518 $ 2,319 As of March 31, 2024, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.2 million. These operating leases are expected to commence in May 2024 with lease terms of three years.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Taxes
Income Taxes	12. Income Taxes The Company applies an estimated annual effective rate to interim period pre-tax income to calculate the income tax provision for the quarter in accordance with the principal method prescribed by the accounting guidance established for computing income taxes in interim periods. The Company’s effective tax rates were 22.5% and 11.6% for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate during the three months ended March 31, 2023 was lower than the applicable statutory rate primarily due to the impacts of excess tax benefits on share-based payment awards, investments in tax-exempt instruments and changes in accumulated tax reserves, partially offset by nondeductible expenses. During the three months ended March 31, 2024, the effective tax rate was higher than the applicable statutory rate primarily due to the impact of nondeductible expenses, nondeductible compensation expense and other permanent adjustments, partially offset by the discrete impact of restricted stock vesting during the quarter and investments in tax-exempt instruments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies
Commitments and Contingencies	13. Commitments and Contingencies Legal Matters The Company is subject to loss contingencies related to litigation, claims, investigations and legal and administrative cases and proceedings arising in the ordinary course of business. The Company evaluates these contingencies based on information currently available, including advice of counsel. The Company establishes accruals for those matters when a loss contingency is considered probable and the related amount is reasonably estimable. Any accruals are periodically reviewed and may be adjusted as circumstances change. A portion of the Company’s exposure with respect to loss contingencies may be offset by applicable insurance coverage. In determining the amounts of any accruals or estimates of possible loss contingencies, the Company does not take into account the availability of insurance coverage. When it is practicable, the Company estimates loss contingencies for possible litigation and claims, whether or not there is an accrued probable loss. When the Company is able to estimate such probable losses, and when it estimates that it is reasonably possible it could incur losses in excess of amounts accrued, the Company is required to make a disclosure of the aggregate estimation. As available information changes, however, the matters for which the Company is able to estimate, as well as the estimates themselves, will be adjusted accordingly. Assessments of litigation and claims exposures are difficult due to many factors that involve inherent unpredictability. Those factors include the following: the varying stages of the proceedings, particularly in the early stages; unspecified, unsupported, or uncertain damages; damages other than compensatory, such as punitive damages; a matter presenting meaningful legal uncertainties, including novel issues of law; multiple defendants and jurisdictions; whether discovery has begun or is complete; whether meaningful settlement discussions have commenced; and whether the claim involves a class action and if so, how the class is defined. As a result of some of these factors, the Company may be unable to estimate reasonably possible losses with respect to some or all of the pending and threatened litigation and claims asserted against the Company. The Company is involved in information-gathering requests and investigations (both formal and informal), as well as reviews, examinations and proceedings (collectively, “Inquiries”) by various governmental regulatory agencies, law enforcement authorities and self-regulatory bodies regarding certain of its businesses, business practices and policies, as well as the conduct of persons with whom it does business. Additional Inquiries will arise from time to time. In connection with those Inquiries, the Company receives document requests, subpoenas and other requests for information. The Inquiries could develop into administrative, civil or criminal proceedings or enforcement actions that could result in consequences that have a material effect on the Company’s consolidated financial position, results of operations or cash flows as a whole. Such consequences could include adverse judgments, findings, settlements, penalties, fines, orders, injunctions, restitution, or alterations in the Company’s business practices, and could result in additional expenses and collateral costs, including reputational damage. On March 25, 2024, the Hilltop Broker-Dealers voluntarily reported to the SEC that off-channel communications may have occurred. Hilltop Securities currently is conducting that review. On June 8, 2022, WR Investments, LP (“WR”) filed claims against Hilltop Securities, et al. through FINRA Dispute Resolution, Midwest Region. WR alleges it suffered a $13.0 million loss in its sale of subordinated bonds related to a portfolio of senior living facilities sold by an affiliate of WR. Hilltop Securities believes the claims are without merit and intends to vigorously defend against such claims. There can be no assurance, however, that Hilltop Securities will be successful. At present, Hilltop Securities is unable to estimate the probability or amount of potential losses, if any, related to these claims. In September 2020, PrimeLending received an investigative inquiry from the United States Attorney for the Western District of Virginia regarding PrimeLending’s float down option. The United States Attorney has issued grand jury subpoenas to PrimeLending and PlainsCapital Bank for additional materials regarding this matter. PrimeLending has, and PrimeLending and PlainsCapital Bank will, cooperate with requests for information with respect to this matter. While the final outcome of litigation and claims exposures or of any Inquiries is inherently unpredictable, management is currently of the opinion that the outcome of pending and threatened litigation and inquiries will not, except related to specific matters disclosed above, have a material effect on the Company’s business, consolidated financial position, results of operations or cash flows as a whole. However, in the event of unexpected future developments, it is reasonably possible that an adverse outcome in any matter, including the matters discussed above, could be material to the Company’s business, consolidated financial position, results of operations or cash flows for any particular reporting period of occurrence. Indemnification Liability Reserve The mortgage origination segment may be responsible to agencies, investors, or other parties for errors or omissions relating to its representations and warranties that each loan sold meets certain requirements, including representations as to underwriting standards and the validity of certain borrower representations in connection with the loan. If determined to be at fault, the mortgage origination segment either repurchases the affected loan from or indemnifies the claimant against loss. The mortgage origination segment has established an indemnification liability reserve for such probable losses. Generally, the mortgage origination segment first becomes aware that an agency, investor, or other party believes a loss has been incurred on a sold loan when it receives a written request from the claimant to repurchase the loan or reimburse the claimant’s losses. Upon completing its review of the claimant’s request, the mortgage origination segment establishes a specific claims reserve for the loan if it concludes its obligation to the claimant is both probable and reasonably estimable. An additional reserve has been established for probable agency, investor or other party losses that may have been incurred, but not yet reported to the mortgage origination segment based upon a reasonable estimate of such losses. Factors considered in the calculation of this reserve include, but are not limited to, the total volume of loans sold exclusive of specific claimant requests, actual claim inquiries, claim settlements and the severity of estimated losses resulting from future claims, and the mortgage origination segment’s history of successfully curing defects identified in claim requests. While the mortgage origination segment’s sales contracts typically include borrower early payment default repurchase provisions, these provisions have not been a primary driver of claims to date, and therefore, are not a primary factor considered in the calculation of this reserve. At March 31, 2024 and December 31, 2023, the mortgage origination segment’s indemnification liability reserve totaled $9.8 million and $11.7 million, respectively. The provision for indemnification losses was $0.3 million during both the three months ended March 31, 2024 and 2023, respectively. The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). Representation and Warranty Specific Claims Activity - Origination Loan Balance Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 26,909 $ 31,244 Claims made 10,309 14,415 Claims resolved with no payment (6,469) (5,548) Repurchases (6,784) (9,908) Indemnification payments (486) (3,006) Balance, end of period $ 23,479 $ 27,197 Indemnification Liability Reserve Activity Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 11,691 $ 20,528 Additions for new sales 335 347 Repurchases (1,856) (2,360) Early payment defaults (320) (98) Indemnification payments (79) (147) Change in reserves for loans sold in prior years — — Balance, end of period $ 9,771 $ 18,270 March 31, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 928 $ 951 Incurred but not reported claims 8,843 10,740 Total $ 9,771 $ 11,691 Although management considers the total indemnification liability reserve to be appropriate, there may be changes in the reserve over time to address incurred losses due to unanticipated adverse changes in the economy and historical loss patterns, discrete events adversely affecting specific borrowers or industries, and/or actions taken by institutions or investors. The impact of such matters is considered in the reserving process when probable and estimable.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	3 Months Ended
Financial Instruments with Off-Balance Sheet Risk	Mar. 31, 2024
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	14. Financial Instruments with Off-Balance Sheet Risk Banking The Bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit that involve varying degrees of credit and interest rate risk in excess of the amount recognized in the consolidated financial statements. Such financial instruments are recorded in the consolidated financial statements when they are funded or related fees are incurred or received. The contract amounts of those instruments reflect the extent of involvement (and therefore the exposure to credit loss) the Bank has in particular classes of financial instruments. Commitments to extend credit are agreements to lend to a customer provided that the terms established in the contract are met. Commitments generally have fixed expiration dates and may require payment of fees. Because some commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These letters of credit are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan commitments to customers. In the aggregate, the Bank had outstanding unused commitments to extend credit of $2.1 billion at March 31, 2024 and outstanding financial and performance standby letters of credit of $61.8 million at March 31, 2024. The Bank uses the same credit policies in making commitments and standby letters of credit as it does for loans held for investment. The amount of collateral obtained, if deemed necessary, in these transactions is based on management’s credit evaluation of the borrower. Collateral held varies but may include real estate, accounts receivable, marketable securities, interest-bearing deposit accounts, inventory, and property, plant and equipment. Broker-Dealer In the normal course of business, the Hilltop Broker-Dealers execute, settle, and finance various securities transactions that may expose the Hilltop Broker-Dealers to off-balance sheet risk in the event that a customer or counterparty does not fulfill its contractual obligations. Examples of such transactions include the sale of securities not yet purchased by customers or for the accounts of the Hilltop Broker-Dealers, use of derivatives to support certain non-profit housing organization clients and to hedge changes in the fair value of certain securities, clearing agreements between the Hilltop Broker-Dealers and various clearinghouses and broker-dealers, secured financing arrangements that involve pledged securities, and when-issued underwriting and purchase commitments.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2024
Stock-Based Compensation
Stock-Based Compensation	15. Stock-Based Compensation During the three months ended March 31, 2024 and 2023, Hilltop granted 3,968 and 5,101 shares of common stock, respectively, pursuant to the Hilltop Holdings Inc. 2020 Equity Incentive Plan (the “2020 Equity Plan”) to certain non-employee members of the Company’s board of directors for services rendered to the Company. Restricted Stock Units The following table summarizes information about stock-based incentive awards issued pursuant to the 2020 Equity Plan and nonvested restricted stock unit (“RSU”) activity for the three months ended March 31, 2024 (shares in thousands). RSUs Weighted Average Grant Date Outstanding Fair Value Balance, December 31, 2023 1,252 $ 34.10 Granted 512 $ 30.53 Vested/Released (519) $ 33.01 Forfeited (2) $ 32.57 Balance, March 31, 2024 1,243 $ 33.09 Vested/Released RSUs include an aggregate of 89,302 shares withheld to satisfy employee statutory tax obligations during the three months ended March 31, 2024. During the three months ended March 31, 2024, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 415,405 RSUs pursuant to the 2020 Equity Plan. Of the RSUs granted during the three months ended March 31, 2024, 310,690 that were outstanding at March 31, 2024, are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date. Of the RSUs granted during the three months ended March 31, 2024, 103,995 that were outstanding at March 31, 2024 At March 31, 2024, in the aggregate, 915,509 of the outstanding RSUs are subject to time-based vesting conditions and generally cliff vest on the third anniversary of the grant date, and 327,626 outstanding RSUs cliff vest based upon the achievement of certain performance goals over a three-year period. At March 31, 2024

Regulatory Matters

Regulatory Matters	3 Months Ended
Regulatory Matters	Mar. 31, 2024
Regulatory Matters
Regulatory Matters	16. Regulatory Matters Banking and Hilltop PlainsCapital, which includes the Bank and PrimeLending, and Hilltop are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct, material effect on the consolidated financial statements. The regulations require PlainsCapital and Hilltop to meet specific capital adequacy guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company performs reviews of the classification and calculation of risk-weighted assets to ensure accuracy and compliance with the Basel III regulatory capital requirements as implemented by the Board of Governors of the Federal Reserve System. The capital classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the companies to maintain minimum amounts and ratios (set forth in the following table) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of common equity Tier 1, Tier 1 and total capital (as defined) to risk-weighted assets (as defined). In order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers, Basel III requires banking organizations to maintain a capital conservation buffer above minimum risk-based capital requirements measured relative to risk-weighted assets. The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. Actual capital amounts and ratios as of March 31, 2024 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period through December 31, 2024. Minimum Capital Requirements Including Conservation To Be Well March 31, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,430,850 11.00 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 1,980,114 12.49 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,430,850 15.87 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 1,980,114 19.73 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,430,850 15.87 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 1,980,114 19.73 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,538,101 17.06 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,287,216 22.79 % 2,284,357 22.34 % 10.5 % N/A Broker-Dealer Pursuant to the net capital requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Hilltop Securities has elected to determine its net capital requirements using the alternative method. Accordingly, Hilltop Securities is required to maintain minimum net capital, as defined in Rule 15c3-1 promulgated under the Exchange Act, equal to the greater of $1,000,000 or 2% of aggregate debit balances, as defined in Rule 15c3-3 promulgated under the Exchange Act. Additionally, the net capital rule of the NYSE provides that equity capital may not be withdrawn or cash dividends paid if resulting net capital would be less than 5% of the aggregate debit items. Momentum Independent Network follows the primary (aggregate indebtedness) method, as defined in Rule 15c3-1 promulgated under the Exchange Act, which requires the maintenance of the larger of $250,000 or 6-2/3% of aggregate indebtedness. At March 31, 2024, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). Momentum Hilltop Independent Securities Network Net capital $ 278,638 $ 4,477 Less: required net capital 6,225 250 Excess net capital $ 272,413 $ 4,227 Net capital as a percentage of aggregate debit items 89.5 % Net capital in excess of 5% aggregate debit items $ 263,076 Under certain conditions, Hilltop Securities may be required to segregate cash and securities in a special reserve account for the benefit of customers under Rule 15c3-3 promulgated under the Exchange Act. Assets segregated for regulatory purposes under the provisions of the Exchange Act are restricted and not available for general corporate purposes. At March 31, 2024 and December 31, 2023, the Hilltop Broker-Dealers held cash of $70.7 million and $57.4 million, respectively, segregated in special reserve bank accounts for the benefit of customers. The Hilltop Broker-Dealers were not required to segregate cash and securities in special reserve accounts for the benefit of proprietary accounts of introducing broker-dealers at March 31, 2024. Mortgage Origination As a mortgage originator, PrimeLending and its subsidiaries are subject to minimum capital, net worth and liquidity requirements established by HUD and GNMA, as applicable. On an annual basis, PrimeLending and its subsidiaries submit audited financial statements to HUD and GNMA documenting their respective compliance with minimum capital, net worth and liquidity requirements, including timely reporting if a quarter’s operating loss exceeds more than 20% of its previous quarter or year-end net worth (“the operating loss ratio”) and/or if a quarter’s capital ratio is below 6% (“the GNMA capital ratio”). If this occurs, certain additional financial reporting submissions are required. As of March 31, 2024, PrimeLending and its subsidiaries’ operating loss ratio was 22.6%. As of March 31, 2024, PrimeLending failed the GNMA minimum capital ratio requirement of 6% with a ratio of 5.56%. These trends have been reported to HUD and GNMA. As of March 31, 2024, PrimeLending and its subsidiaries’ net worth and liquidity exceeded the amounts required by both HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2024
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity Dividends During the three months ended March 31, 2024 and 2023, the Company declared and paid cash dividends of $0.17 and $0.16 per common share, or an aggregate of $11.1 million and $10.4 million, respectively. On April 18, 2024, Hilltop’s board of directors declared a quarterly cash dividend of $0.17 per common share, payable on May 24, 2024, to all common stockholders of record as of the close of business on May 10, 2024. Stock Repurchases In January 2024, the Hilltop board of directors authorized a new stock repurchase program through January 2025, pursuant to which the Company is authorized to repurchase, in the aggregate, up to $75.0 million of our outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. During the three months ended March 31, 2024, Hilltop paid $9.9 million to repurchase an aggregate of 320,042 shares of our common stock at an average price of $31.04 per share pursuant to the stock repurchase program. The Company’s stock repurchase program, prior year repurchases, and related accounting policy are discussed in detail in Note 1 and Note 22 to the consolidated financial statements included in the Company’s 2023 Form 10-K.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2024
Derivative Financial Instruments
Derivative Financial Instruments	18. Derivative Financial Instruments The Company uses various derivative financial instruments to mitigate interest rate risk. The Bank’s interest rate risk management strategy involves effectively managing the re-pricing characteristics of certain assets and liabilities to mitigate potential adverse impacts from changes in interest rates on the Bank’s net interest margin. Additionally, the Bank manages variability of cash flows associated with its variable rate debt in interest-related cash outflows with interest rate swap contracts. PrimeLending has interest rate risk relative to interest rate lock commitments (“IRLCs”) and its inventory of mortgage loans held for sale. PrimeLending is exposed to such interest rate risk from the time an IRLC is made to an applicant to the time the related mortgage loan is sold. To mitigate interest rate risk, PrimeLending executes forward commitments to sell mortgage-backed securities (“MBSs”) and futures contracts. Additionally, PrimeLending has interest rate risk relative to its MSR asset and uses derivative instruments, including U.S. Treasury bond futures and options to hedge this risk. The Hilltop Broker-Dealers use forward commitments to both purchase and sell MBSs to facilitate customer transactions and as a means to hedge related exposure to interest rate risk in certain inventory positions. Additionally, Hilltop Securities uses various derivative instruments, including U.S. Treasury bond futures and options, futures contracts, credit default swaps and municipal market data (“MMD”) rate locks, to hedge changes in the fair value of its securities. Non-Hedging Derivative Instruments and the Fair Value Option As discussed in Note 3 to the consolidated financial statements, the Company has elected to measure substantially all mortgage loans held for sale at fair value under the provisions of the Fair Value Option. The election provides the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without applying hedge accounting provisions. The fair values of PrimeLending’s IRLCs and forward commitments are recorded in other assets or other liabilities, as appropriate, and changes in the fair values of these derivative instruments are recorded as a component of net gains from sale of loans and other mortgage production income. These changes in fair value are attributable to changes in the volume of IRLCs, mortgage loans held for sale, commitments to purchase and sell MBSs and MSR assets, and changes in market interest rates. Changes in market interest rates also conversely affect the value of PrimeLending’s mortgage loans held for sale and its MSR asset, which are measured at fair value under the Fair Value Option. The effect of the change in market interest rates on PrimeLending’s loans held for sale and MSR asset is discussed in Note 7 to the consolidated financial statements. The fair values of the Hilltop Broker-Dealers’ and the Bank’s derivative instruments are recorded in other assets or other liabilities, as appropriate. Changes in the fair value of derivatives are presented in the following table (in thousands). Three Months Ended March 31, 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ 10,626 $ 4,897 Hilltop Broker-Dealers (3,945) (21,180) Bank (11) (12) Hedging Derivative Instruments The Company has entered into interest rate swap contracts to manage the exposure to changes in fair value associated with certain available for sale fixed rate collateralized mortgage-backed securities and fixed rate loans held for investment attributable to changes in the designated benchmark interest rate. Certain of these fair value hedges have been designated as a portfolio layer, which provides the Company the ability to execute a fair value hedge of the interest rate risk associated with a portfolio of similar prepayable assets whereby the last dollar amount estimated to remain in the portfolio of assets is identified as the hedged item. Additionally, the Company has outstanding interest rate swap contracts designated as cash flow hedges and utilized to manage the variability of cash flows associated with its variable rate borrowings. Under each of its interest rate swap contracts designated as cash flow hedges, the Company receives a floating rate and pays a fixed rate on the outstanding notional amount. The Company assesses the hedge effectiveness both at the onset of the hedge and at regular intervals throughout the life of the derivative. To the extent that the derivative instruments are highly effective in offsetting the variability of the hedged cash flows or fair value, changes in the fair value of the derivatives designated as hedges of cash flows are included as a component of accumulated other comprehensive income or loss on the Company’s consolidated balance sheets and changes in the fair value of the derivatives designated as hedges of fair value are included in current earnings. Although the Company has determined at the onset of the hedges that the derivative instruments will be highly effective hedges throughout the term of the contract, any portion of derivative instruments subsequently determined to be ineffective will be recognized in earnings. Derivative positions are presented in the following table (in thousands). March 31, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 622,902 $ 9,999 $ 383,767 $ 7,734 Commitments to purchase MBSs 974,248 4,000 1,470,142 15,666 Commitments to sell MBSs 1,917,326 (2,134) 2,222,225 (17,870) Interest rate swaps 54,500 (286) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 1,421 99 1,421 176 Interest rate swaps back-to-back (liability) (1) 1,421 (102) 1,421 (191) U.S. Treasury bond futures and options (2) 292,900 43 306,200 430 Interest rate and other futures (2) 264,200 — 224,800 — Credit default swaps 16,000 (12) — — Warrants 791 820 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 355,000 $ 14,676 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 325,113 39,817 325,193 34,799 (1) Noted derivative instruments include both customer-facing derivatives as well as offsetting derivatives facing other dealer banks. The fair value of these derivatives include a net credit valuation adjustment that was nominal at March 31, 2024 and December 31, 2023, respectively, reducing the fair value of the liability. (2) Noted derivative instruments include contracts between the Hilltop Broker-Dealers and PrimeLending and their respective counterparties with changes in fair value of the contracts that are settled daily. (3) The Company designated $325.3 million and $325.3 million as the hedged amount (from a closed portfolio of prepayable available for sale securities and loans held for investment with a carrying value of $285.1 million and $290.2 million as of March 31, 2024 and December 31, 2023, respectively), of which, a subset of these hedges are in portfolio layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $40.0 million and $35.0 million as of March 31, 2024 and December 31, 2023, respectively. The Bank and PrimeLending held aggregate cash collateral advances of $57.4 million and $51.8 million to offset net asset derivative positions on its commitments to sell MBSs and derivative instruments designated as hedges at March 31, 2024 and December, 31, 2023, respectively. PrimeLending had advanced cash collateral totaling $0.8 million and $14.7 million to offset net liability positions on its commitments to sell MBSs at March 31, 2024 and December 31, 2023, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $8.2 million and $7.6 million on various derivative instruments at March 31, 2024 and December 31, 2023, respectively. These cash collateral amounts are included in either other assets or other liabilities within the consolidated balance sheets. Derivatives on Behalf of Customers The Bank offers derivative contracts to certain customers in connection with their risk management needs. These derivatives include back-to-back interest rate swaps. The Bank manages the risk associated with these contracts by entering into an equal and offsetting derivative with a third-party dealer bank. These derivatives generally work together as an economic interest rate hedge, but the Bank does not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes in fair value occurred, typically resulting in no net earnings impact.

Balance Sheet Offsetting

Balance Sheet Offsetting	3 Months Ended
Balance Sheet Offsetting	Mar. 31, 2024
Balance Sheet Offsetting
Balance Sheet Offsetting	19. Balance Sheet Offsetting Certain financial instruments, including resale and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The Company’s accounting policy is to present required disclosures related to collateral and derivative positions on a gross basis. The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Assets Cash of Recognized Offset in the Presented in the Financial Collateral Net Assets Balance Sheet Balance Sheet Instruments Pledged Amount March 31, 2024 Securities borrowed: Institutional counterparties $ 1,398,644 $ — $ 1,398,644 $ (1,336,220) $ — $ 62,424 Interest rate swaps: Institutional counterparties 54,725 — 54,725 — (54,592) 133 Reverse repurchase agreements: Institutional counterparties 91,608 — 91,608 (91,515) — 93 Forward MBS derivatives: Institutional counterparties 5,344 — 5,344 (583) — 4,761 Treasury futures and options derivatives: Institutional counterparties 43 — 43 — — 43 $ 1,550,364 $ — $ 1,550,364 $ (1,428,318) $ (54,592) $ 67,454 December 31, 2023 Securities borrowed: Institutional counterparties $ 1,406,937 $ — $ 1,406,937 $ (1,332,856) $ — $ 74,081 Interest rate swaps: Institutional counterparties 49,253 — 49,253 — (49,253) — Reverse repurchase agreements: Institutional counterparties 80,011 — 80,011 (80,011) — — Forward MBS derivatives: Institutional counterparties 16,755 — 16,755 (194) — 16,561 Treasury futures and options derivatives: Institutional counterparties 430 — 430 — — 430 $ 1,553,386 $ — $ 1,553,386 $ (1,413,061) $ (49,253) $ 91,072 Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Liabilities Cash of Recognized Offset in the Presented in the Financial Collateral Net Liabilities Balance Sheet Balance Sheet Instruments Pledged Amount March 31, 2024 Securities loaned: Institutional counterparties $ 1,366,956 $ — $ 1,366,956 $ (1,302,924) $ — $ 64,032 Interest rate swaps: Institutional counterparties 419 — 419 — — 419 Credit default swaps: Institutional counterparties 12 — 12 — — 12 Repurchase agreements: Institutional counterparties 227,815 — 227,815 (227,815) — — Forward MBS derivatives: Institutional counterparties 3,478 — 3,478 (583) (785) 2,110 $ 1,598,680 $ — $ 1,598,680 $ (1,531,322) $ (785) $ 66,573 December 31, 2023 Securities loaned: Institutional counterparties $ 1,371,896 $ — $ 1,371,896 $ (1,296,828) $ — $ 75,068 Interest rate swaps: Institutional counterparties 5,349 — 5,349 (5,349) — — Repurchase agreements: Institutional counterparties 239,103 — 239,103 (239,103) — — Forward MBS derivatives: Institutional counterparties 18,958 — 18,958 (194) (10,515) 8,249 $ 1,635,306 $ — $ 1,635,306 $ (1,541,474) $ (10,515) $ 83,317 Secured Borrowing Arrangements Secured Borrowings (Repurchase Agreements) — one Securities Lending Activities — When lending securities, the Company receives cash or similar collateral and generally pays interest (based on the amount of cash deposited) to the other party to the transaction. Securities lending transactions are executed pursuant to written agreements with counterparties that generally require securities loaned to be marked-to-market on a daily basis. The Company receives collateral in the form of cash in an amount generally in excess of the fair value of securities loaned. The Company monitors the fair value of securities loaned on a daily basis, with additional collateral obtained or refunded, as necessary. Collateral adjustments are made on a daily basis through the facilities of various clearinghouses. The Company is a principal in these securities lending transactions and is liable for losses in the event of a failure of any other party to honor its contractual obligation. Management sets credit limits with each counterparty and reviews these limits regularly to monitor the risk level with each counterparty. The Company is subject to credit risk through its securities lending activities if securities prices decline rapidly because the value of the Company’s collateral could fall below the amount of the indebtedness it secures. In rapidly appreciating markets, credit risk increases due to short positions. The Company’s securities lending business subjects the Company to credit risk if a counterparty fails to perform or if collateral securing its obligations is insufficient. In securities transactions, the Company is subject to credit risk during the period between the execution of a trade and the settlement by the customer. The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both March 31, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than March 31, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: Asset-backed securities $ 118,386 $ 109,429 $ — $ — $ 227,815 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,366,904 — — — 1,366,904 Total $ 1,485,342 $ 109,429 $ — $ — $ 1,594,771 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,594,771 Amount related to agreements not included in offsetting disclosure above $ — Remaining Contractual Maturities Overnight and Greater Than December 31, 2023 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 8,389 $ — $ — $ — $ 8,389 Asset-backed securities 81,419 149,295 — — 230,714 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,371,844 — — — 1,371,844 Total $ 1,461,704 $ 149,295 $ — $ — $ 1,610,999 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,610,999 Amount related to agreements not included in offsetting disclosure above $ —

Broker-Dealer and Clearing Orga

Broker-Dealer and Clearing Organization Receivables and Payables	3 Months Ended
	Mar. 31, 2024
Broker-Dealer and Clearing Organization Receivables and Payables
Broker-Dealer and Clearing Organization Receivables and Payables	20. Broker-Dealer and Clearing Organization Receivables and Payables Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). March 31, December 31, 2024 2023 Receivables: Securities borrowed $ 1,398,644 $ 1,406,937 Securities failed to deliver 42,581 28,120 Trades in process of settlement 16,782 123,722 Other 15,554 15,152 $ 1,473,561 $ 1,573,931 Payables: Securities loaned $ 1,366,956 $ 1,371,896 Correspondents 17,390 33,286 Securities failed to receive 43,974 18,135 Other 8,142 7,417 $ 1,436,462 $ 1,430,734

Segment and Related Information

Segment and Related Information	3 Months Ended
Segment and Related Information	Mar. 31, 2024
Segment and Related Information
Segment and Related Information	21. Segment and Related Information The Company has two primary business units, PCC (banking and mortgage origination) and Securities Holdings (broker-dealer). Under GAAP, the Company’s business units are comprised of three reportable business segments organized primarily by the core products offered to the segments’ respective customers: banking, broker-dealer and mortgage origination. These segments reflect the manner in which operations are managed and the criteria used by the chief operating decision maker, the Company’s President and Chief Executive Officer, to evaluate segment performance, develop strategy and allocate resources. The banking segment includes the operations of the Bank. The broker-dealer segment includes the operations of Securities Holdings and the mortgage origination segment is composed of PrimeLending. Corporate includes certain activities not allocated to specific business segments. These activities include holding company financing and investing activities, merchant banking investment opportunities and management and administrative services to support the overall operations of the Company. Balance sheet amounts not discussed previously and the elimination of intercompany transactions are included in “All Other and Eliminations.” The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). Mortgage All Other and Hilltop Three Months Ended March 31, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 91,606 $ 12,269 $ (4,252) $ (3,103) $ 7,101 $ 103,621 Provision for (reversal of) credit losses (2,853) (18) — — — (2,871) Noninterest income 11,903 104,578 66,700 5,785 (7,348) 181,618 Noninterest expense 56,020 97,947 78,898 17,384 (226) 250,023 Income (loss) before taxes $ 50,342 $ 18,918 $ (16,450) $ (14,702) $ (21) $ 38,087 Mortgage All Other and Hilltop Three Months Ended March 31, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 104,770 $ 13,863 $ (4,208) $ (3,322) $ 10,602 $ 121,705 Provision for (reversal of) credit losses 1,600 731 — — — 2,331 Noninterest income 11,190 90,635 68,829 2,704 (10,864) 162,494 Noninterest expense 56,127 90,345 88,753 15,513 (268) 250,470 Income (loss) before taxes $ 58,233 $ 13,422 $ (24,132) $ (16,131) $ 6 $ 31,398 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated March 31, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,107,429 $ 2,942,673 $ 1,048,082 $ 2,558,636 $ (3,447,187) $ 16,209,633 December 31, 2023 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,288,627 $ 2,929,296 $ 1,181,316 $ 2,543,057 $ (3,475,300) $ 16,466,996

Earnings per Common Share

Earnings per Common Share	3 Months Ended
Earnings per Common Share	Mar. 31, 2024
Earnings per Common Share
Earnings per Common Share	22. Earnings per Common Share The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). Three Months Ended March 31, 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 27,668 $ 25,800 Weighted average shares outstanding - basic 65,200 64,901 Basic earnings per common share: $ 0.42 $ 0.40 Diluted earnings per share: Income attributable to Hilltop $ 27,668 $ 25,800 Weighted average shares outstanding - basic 65,200 64,901 Effect of potentially dilutive securities 14 53 Weighted average shares outstanding - diluted 65,214 64,954 Diluted earnings per common share: $ 0.42 $ 0.40

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting and Reporting Policies
Nature of Operations	Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the “Bank”). In addition, the Company provides an array of financial products and services through its broker-dealer and mortgage origination subsidiaries. The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units, PlainsCapital Corporation (“PCC”) and Hilltop Securities Holdings LLC (“Securities Holdings”). PCC is a financial holding company that provides, through its subsidiaries, traditional banking, wealth and investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company that provides, through its subsidiaries, investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, clearing, securities lending, structured finance and retail brokerage services throughout the United States.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. Hilltop owns 100% of the outstanding stock of PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds a controlling ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly-owned subsidiaries, Hilltop Securities Inc. (“Hilltop Securities”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”). Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC (“HTH Project LLC”) and Hilltop of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the aforementioned VIE Subsections of the ASC. These entities are related to the Hilltop Plaza investment discussed in detail in Note 17 to the consolidated financial statements included in the Company’s 2023 Form 10-K and are collectively referred to as the “Hilltop Plaza Entities.” The consolidated financial statements include the accounts of the above-named entities. Intercompany transactions and balances have been eliminated. Noncontrolling interests have been recorded for minority ownership in entities that are not wholly owned and are presented in compliance with the provisions of Noncontrolling Interest in Subsidiary Subsections of the ASC. In preparing these consolidated financial statements, subsequent events were evaluated through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all stockholders and other financial statement users, or filed with the SEC. Significant accounting policies are detailed in Note 1 to the consolidated financial statements included in the Company’s 2023 Form 10-K.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2024
Fair Value Measurements
Schedule of information regarding financial assets and liabilities measured at fair value on a recurring basis	The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). Level 1 Level 2 Level 3 Total March 31, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 6,504 $ 651,196 $ — $ 657,700 Available for sale securities — 1,459,741 20,814 1,480,555 Equity securities 315 — — 315 Loans held for sale — 663,832 51,795 715,627 Loans held for investment — — 11,211 11,211 Derivative assets — 74,413 820 75,233 MSR asset — — 95,591 95,591 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 56,070 4,492 — 60,562 Derivative liabilities — 8,313 — 8,313 Level 1 Level 2 Level 3 Total December 31, 2023 Inputs Inputs Inputs Fair Value Trading securities $ 8,929 $ 507,062 $ — $ 515,991 Available for sale securities — 1,483,177 24,418 1,507,595 Equity securities 321 — — 321 Loans held for sale — 784,158 38,036 822,194 Loans held for investment — — 10,858 10,858 Derivative assets — 76,778 820 77,598 MSR asset — — 96,662 96,662 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 14,027 20,845 — 34,872 Derivative liabilities — 27,106 — 27,106
Rollforward for financial instruments measured at fair value using Level 3 inputs	The following tables include a rollforward for those material financial instruments measured at fair value using Level 3 inputs (in thousands). Total Gains or Losses (Realized or Unrealized) Balance, Transfers Included in Other Beginning of Purchases/ Sales/ to (from) Included in Comprehensive Balance, Period Additions Reductions Level 3 Net Income Income (Loss) End of Period Three months ended March 31, 2024 Available for sale securities $ 24,418 $ — $ (4,702) $ — $ 635 $ 463 $ 20,814 Loans held for sale 38,036 25,342 (6,076) — (5,507) — 51,795 Loans held for investment 10,858 — — — 353 — 11,211 Derivative assets 820 — — — — — 820 MSR asset 96,662 3,312 — — (4,383) — 95,591 Equity investment 19,540 — — — — — 19,540 Total $ 190,334 $ 28,654 $ (10,778) $ — $ (8,902) $ 463 $ 199,771 Three months ended March 31, 2023 Loans held for sale $ 40,707 $ 16,796 $ (23,454) $ (446) $ 390 $ — $ 33,993 Loans held for investment 9,181 — — — 256 — 9,437 MSR asset 100,825 13,210 — — (10,721) — 103,314 Total $ 150,713 $ 30,006 $ (23,454) $ (446) $ (10,075) $ — $ 146,744
Schedule of significant unobservable inputs used in the fair value measurements	Range (Weighted-Average) Financial instrument Fair Value Valuation Technique Unobservable Inputs March 31, 2024 December 31, 2023 Available for sale securities $ 7,893 Discounted cash flow Discount rate 14.50 - 15.25 % 14.25 - 15.50 % 12,921 Recent transaction Recent transaction Loans held for sale 51,795 Market comparable Projected price 78 - 91 % ( 90 %) 78 - 92 % ( 90 %) Loans held for investment 11,211 Discounted cash flow Discount rate 9.00 - 9.50 % 10.00 % Derivative assets 820 Discounted cash flow Discount rate 15.00 % 15.00 % MSR asset 95,591 Discounted cash flow Constant prepayment rate 8.53 % 8.65 % Discount rate 13.02 % 11.67 % Equity investments 19,540 Recent transaction Recent transaction
Schedule of changes in fair value for instruments reported at fair value under the Fair Value Option	The following table presents those changes in fair value of material instruments recognized in the consolidated statements of operations that are accounted for under the Fair Value Option (in thousands). Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Other Total Other Total Net Noninterest Changes in Net Noninterest Changes in Gains (Losses) Income Fair Value Gains (Losses) Income Fair Value Loans held for sale $ (11,316) $ — $ (11,316) $ 10,134 $ — $ 10,134 Loans held for investment 94 — 94 — — — MSR asset (4,383) — (4,383) (10,721) — (10,721)
Schedule of carrying values and estimated fair values of financial instruments	The following tables present the carrying values and estimated fair values of financial instruments not measured at fair value on either a recurring or non-recurring basis (in thousands). Estimated Fair Value Carrying Level 1 Level 2 Level 3 March 31, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,710,716 $ 1,710,716 $ — $ — $ 1,710,716 Assets segregated for regulatory purposes 70,717 70,717 — — 70,717 Securities purchased under agreements to resell 91,608 — 91,608 — 91,608 Held to maturity securities 790,550 — 702,843 — 702,843 Loans held for sale 126,697 — 93,090 34,615 127,705 Loans held for investment, net 7,947,250 — 332,675 7,693,786 8,026,461 Broker-dealer and clearing organization receivables 1,473,561 — 1,473,561 — 1,473,561 Other assets 75,388 — 75,388 — 75,388 Financial liabilities: Deposits 10,884,096 — 10,873,333 — 10,873,333 Broker-dealer and clearing organization payables 1,436,462 — 1,436,462 — 1,436,462 Short-term borrowings 892,574 — 892,574 — 892,574 Debt 347,273 — 322,845 — 322,845 Other liabilities 21,807 — 21,807 — 21,807 Estimated Fair Value Carrying Level 1 Level 2 Level 3 December 31, 2023 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,859,350 $ 1,859,350 $ — $ — $ 1,859,350 Assets segregated for regulatory purposes 57,395 57,395 — — 57,395 Securities purchased under agreements to resell 80,011 — 80,011 — 80,011 Held to maturity securities 812,677 — 731,858 — 731,858 Loans held for sale 121,652 — 99,358 22,882 122,240 Loans held for investment, net 7,957,474 — 344,172 7,696,393 8,040,565 Broker-dealer and clearing organization receivables 1,573,931 — 1,573,931 — 1,573,931 Other assets 74,613 — 74,613 — 74,613 Financial liabilities: Deposits 11,063,192 — 11,045,957 — 11,045,957 Broker-dealer and clearing organization payables 1,430,734 — 1,430,734 — 1,430,734 Short-term borrowings 900,038 — 900,038 — 900,038 Debt 347,145 — 319,505 — 319,505 Other liabilities 24,280 — 24,280 — 24,280
Schedule of adjustments to the carrying value of these investments	Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 6,608 $ 27,264 Upward adjustments — 243 Impairments and downward adjustments — (5,000) Balance, end of period $ 6,608 $ 22,507

Securities (Tables)

Securities (Tables)	3 Months Ended
Securities (Tables)	Mar. 31, 2024
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). March 31, December 31, 2024 2023 U.S. Treasury securities $ 1,247 $ 3,736 U.S. government agencies: Bonds 14,513 12,867 Residential mortgage-backed securities 155,355 124,768 Collateralized mortgage obligations 103,085 86,281 Other — 13,079 Corporate debt securities 56,252 37,569 States and political subdivisions 260,700 180,890 Private-label securitized product 56,084 47,768 Other 10,464 9,033 Totals $ 657,700 $ 515,991
Summary of amortized cost and fair value of available for sale securities	The amortized cost and fair value of available for sale and held to maturity securities are summarized as follows (in thousands). Available for Sale Amortized Unrealized Unrealized March 31, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,987 $ — $ (379) $ 4,608 U.S. government agencies: Bonds 160,657 216 (759) 160,114 Residential mortgage-backed securities 389,134 64 (41,562) 347,636 Commercial mortgage-backed securities 196,627 229 (6,767) 190,089 Collateralized mortgage obligations 783,966 232 (60,824) 723,374 Corporate debt securities 21,851 — (1,037) 20,814 States and political subdivisions 36,945 35 (3,060) 33,920 Totals $ 1,594,167 $ 776 $ (114,388) $ 1,480,555 Available for Sale Amortized Unrealized Unrealized December 31, 2023 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,985 $ — $ (368) $ 4,617 U.S. government agencies: Bonds 166,617 360 (811) 166,166 Residential mortgage-backed securities 389,160 25 (39,315) 349,870 Commercial mortgage-backed securities 200,236 468 (8,958) 191,746 Collateralized mortgage obligations 797,876 291 (61,686) 736,481 Corporate debt securities 25,919 — (1,501) 24,418 States and political subdivisions 36,954 39 (2,696) 34,297 Totals $ 1,621,747 $ 1,183 $ (115,335) $ 1,507,595
Summary of amortized cost and fair value of held to maturity securities	Held to Maturity Amortized Unrealized Unrealized March 31, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 273,005 $ — $ (29,334) $ 243,671 Commercial mortgage-backed securities 162,273 — (13,422) 148,851 Collateralized mortgage obligations 277,859 — (38,969) 238,890 States and political subdivisions 77,413 72 (6,054) 71,431 Totals $ 790,550 $ 72 $ (87,779) $ 702,843 Held to Maturity Amortized Unrealized Unrealized December 31, 2023 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 278,172 $ — $ (25,765) $ 252,407 Commercial mortgage-backed securities 172,879 — (12,670) 160,209 Collateralized mortgage obligations 284,208 — (37,189) 247,019 States and political subdivisions 77,418 149 (5,344) 72,223 Totals $ 812,677 $ 149 $ (80,968) $ 731,858
Schedule of information regarding available for sale securities that were in an unrealized loss position	Information regarding available for sale and held to maturity securities that were in an unrealized loss position is shown in the following tables (dollars in thousands). March 31, 2024 December 31, 2023 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Available for Sale U.S. treasury securities: Unrealized loss for less than twelve months — $ — $ — — $ — $ — Unrealized loss for twelve months or longer 1 4,608 379 1 4,617 368 1 4,608 379 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months 4 28,891 150 4 28,988 103 Unrealized loss for twelve months or longer 20 107,789 609 20 112,502 708 24 136,680 759 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 14 16,213 813 14 8,989 616 Unrealized loss for twelve months or longer 109 322,481 40,749 109 338,769 38,699 123 338,694 41,562 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months 3 15,040 411 2 10,413 282 Unrealized loss for twelve months or longer 18 186,537 6,356 18 162,470 8,676 21 201,577 6,767 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 3 18,327 273 2 11,560 22 Unrealized loss for twelve months or longer 136 682,738 60,551 138 709,571 61,665 139 701,065 60,824 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 1 8,930 1,037 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 1 8,930 1,037 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months 10 6,957 105 10 7,023 55 Unrealized loss for twelve months or longer 50 20,550 2,955 50 20,857 2,640 60 27,507 3,060 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 35 94,358 2,789 34 80,456 2,579 Unrealized loss for twelve months or longer 334 1,324,703 111,599 336 1,348,786 112,756 369 $ 1,419,061 $ 114,388 370 $ 1,429,242 $ 115,335
Schedule of information regarding held to maturity securities that were in an unrealized loss position	March 31, 2024 December 31, 2023 Number of Unrealized Number of Unrealized Securities Fair Value Losses Securities Fair Value Losses Held to Maturity U.S. government agencies: Residential mortgage-backed securities: Unrealized loss for less than twelve months — $ — $ — — $ — $ — Unrealized loss for twelve months or longer 45 273,004 29,334 44 278,172 25,765 45 273,004 29,334 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 29 154,917 13,422 31 160,208 12,670 29 154,917 13,422 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 238,891 38,969 54 247,019 37,189 54 238,891 38,969 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 48 21,730 618 39 15,506 479 Unrealized loss for twelve months or longer 129 44,884 5,436 128 45,208 4,865 177 66,614 6,054 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 48 21,730 618 39 15,506 479 Unrealized loss for twelve months or longer 257 711,696 87,161 257 730,607 80,489 305 $ 733,426 $ 87,779 296 $ 746,113 $ 80,968
Schedule of amortized cost and fair value of securities, excluding trading and equity securities, by contractual maturity	The amortized cost and fair value of securities, excluding trading and equity securities, at March 31, 2024 are shown by contractual maturity below (in thousands). Available for Sale Held to Maturity Amortized Amortized Cost Fair Value Cost Fair Value Due in one year or less $ 32,601 $ 32,497 $ 310 $ 310 Due after one year through five years 78,846 77,196 2,729 2,595 Due after five years through ten years 52,859 52,284 37,772 35,501 Due after ten years 60,134 57,479 36,602 33,025 224,440 219,456 77,413 71,431 Residential mortgage-backed securities 389,134 347,636 273,005 243,671 Commercial mortgage-backed securities 196,627 190,089 162,273 148,851 Collateralized mortgage obligations 783,966 723,374 277,859 238,890 $ 1,594,167 $ 1,480,555 $ 790,550 $ 702,843

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	3 Months Ended
Loans Held for Investment (Tables)	Mar. 31, 2024
Loans Held for Investment
Summary of loans held for investment by portfolio segment	Loans held for investment summarized by portfolio segment are as follows (in thousands). March 31, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 1,932,746 $ 1,889,882 Owner occupied 1,449,249 1,422,234 Commercial and industrial 1,613,301 1,607,833 Construction and land development 933,405 1,031,095 1-4 family residential 1,773,376 1,757,178 Consumer 27,941 27,351 Broker-dealer (1) 332,675 344,172 8,062,693 8,079,745 Allowance for credit losses (104,231) (111,413) Total loans held for investment, net of allowance $ 7,958,462 $ 7,968,332 (1) Primarily represents margin loans to customers and correspondents associated with broker-dealer segment operations.
Schedule of analysis of the aging of the entity's loan portfolio	An analysis of the aging of the Company’s loan portfolio is shown in the following tables (in thousands). Accruing Loans Loans Past Due Total Past Current Total Past Due March 31, 2024 30-59 Days 60-89 Days 90 Days or More Due Loans Loans Loans 90 Days or More Commercial real estate: Non-owner occupied $ 3,904 $ — $ 799 $ 4,703 $ 1,928,043 $ 1,932,746 $ — Owner occupied 8,117 150 10 8,277 1,440,972 1,449,249 — Commercial and industrial 1,100 150 3,330 4,580 1,608,721 1,613,301 2,537 Construction and land development 4,888 — 277 5,165 928,240 933,405 — 1-4 family residential 8,300 679 1,927 10,906 1,762,470 1,773,376 13 Consumer 125 14 3 142 27,799 27,941 — Broker-dealer — — — — 332,675 332,675 — $ 26,434 $ 993 $ 6,346 $ 33,773 $ 8,028,920 $ 8,062,693 $ 2,550 Accruing Loans Loans Past Due Total Past Current Total Past Due December 31, 2023 30-59 Days 60-89 Days 90 Days or More Due Loans Loans Loans 90 Days or More Commercial real estate: Non-owner occupied $ 6,125 $ — $ 799 $ 6,924 $ 1,882,958 $ 1,889,882 $ — Owner occupied 6,823 386 3,897 11,106 1,411,128 1,422,234 — Commercial and industrial 3,348 1,496 2,074 6,918 1,600,915 1,607,833 — Construction and land development 767 1,554 276 2,597 1,028,498 1,031,095 — 1-4 family residential 8,625 1,292 3,203 13,120 1,744,058 1,757,178 — Consumer 28 4 5 37 27,314 27,351 — Broker-dealer — — — — 344,172 344,172 — $ 25,716 $ 4,732 $ 10,254 $ 40,702 $ 8,039,043 $ 8,079,745 $ —
Summary of non-accrual loans by portfolio segment	The following table provides details associated with non-accrual loans, excluding those classified as held for sale (in thousands). Non-accrual Loans March 31, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended March 31, Allowance Allowance Total Allowance Allowance Total 2024 2023 Commercial real estate: Non-owner occupied $ 422 $ 2,688 $ 3,110 $ 33,728 $ 2,712 $ 36,440 $ 1,194 $ 123 Owner occupied 4,702 144 4,846 4,630 468 5,098 93 63 Commercial and industrial 6,527 5,638 12,165 5,216 4,286 9,502 102 131 Construction and land development 500 — 500 533 2,749 3,282 42 7 1-4 family residential 626 7,405 8,031 726 9,283 10,009 493 456 Consumer 3 — 3 6 — 6 — — Broker-dealer — — — — — — — — $ 12,780 $ 15,875 $ 28,655 $ 44,839 $ 19,498 $ 64,337 $ 1,924 $ 780
Schedule of amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty	The following table presents the amortized cost basis of the loans held for investment modified for borrowers experiencing financial difficulty grouped by portfolio segment and type of modification granted during the periods presented (in thousands). Total Modifications as a Interest Rate Term Principal Payment % of Portfolio Three Months Ended March 31, 2024 Reduction Extension Forgiveness Delay Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — — % Owner occupied — 491 — 3,882 0.3 % Commercial and industrial — 16,797 — 166 1.1 % Construction and land development — 223 — 1,729 0.2 % 1-4 family residential — — — — — % Consumer — — — — — % Broker-dealer — — — — — % Total $ — $ 17,511 $ — $ 5,777 0.3 % Total Modifications as a Interest Rate Term Principal Payment % of Portfolio Three Months Ended March 31, 2023 Reduction Extension Forgiveness Delay Segment Commercial real estate: Non-owner occupied $ — $ 37,972 $ — $ — 2.1 % Owner occupied — 2,235 — — 0.2 % Commercial and industrial — 1,364 — 3,000 0.3 % Construction and land development — — — — — % 1-4 family residential — — — — — % Consumer — — — — — % Broker-dealer — — — — — % Total $ — $ 41,571 $ — $ 3,000 0.5 %
Schedule of analysis of the aging of the Modified Loans	For those loans held for investment modified for borrowers experiencing financial difficulty during the last twelve months, the following table provides aging and non-accrual details grouped by portfolio segment (in thousands). Modified Loans Past Due Total Modified Modified March 31, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 32,247 Owner occupied 3,882 — 10 3,892 3,980 Commercial and industrial 242 — 2,475 2,717 3,417 Construction and land development — — — — 223 1-4 family residential — — — — — Consumer — — — — — Broker-dealer — — — — — Total $ 4,124 $ — $ 2,485 $ 6,609 $ 39,867
Schedule of financial effects of the loans held for investment modified for borrowers experiencing financial difficulty	The following table presents the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty during the periods presented (in thousands). Weighted-Average Term Extension (in months) Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 Commercial real estate: Non-owner occupied — 13 Owner occupied 14 35 Commercial and industrial 11 9 Construction and land development 15 — 1-4 family residential — — Consumer — — Broker-dealer — — Total 11 14
Schedule of internal risk grades of loans by class	The following table presents loans held for investment grouped by asset class and credit quality indicator, segregated by year of origination or renewal (in thousands). Amortized Cost Basis by Origination Year Loans 2019 and Converted to March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Total Commercial real estate: non-owner occupied Internal Grade 1-3 (Pass low risk) $ — $ 5,010 $ 30,933 $ 31,644 $ 17,530 $ 6,931 $ (21) $ 179 $ 92,206 Internal Grade 4-7 (Pass normal risk) 9,205 183,150 285,243 374,563 132,824 124,113 36,624 16,540 1,162,262 Internal Grade 8-11 (Pass high risk and watch) 27,566 153,849 166,882 68,816 80,548 84,917 10,771 1,422 594,771 Internal Grade 12 (Special mention) — — 12,162 2,563 3,736 25,714 — — 44,175 Internal Grade 13 (Substandard accrual) — 6,296 11,607 13,929 1,033 3,357 — — 36,222 Internal Grade 14 (Substandard non-accrual) — 377 1,392 — — 1,341 — — 3,110 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 19,006 $ 56,914 $ 33,111 $ 119,697 $ 39,147 $ 53,685 $ 4,373 $ 13,533 $ 339,466 Internal Grade 4-7 (Pass normal risk) 15,407 104,368 158,299 135,907 60,725 176,501 17,938 9,235 678,380 Internal Grade 8-11 (Pass high risk and watch) 12,398 52,622 88,218 69,942 82,352 76,800 5,202 — 387,534 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) 402 2,088 7,840 5,824 6,796 15,976 97 — 39,023 Internal Grade 14 (Substandard non-accrual) 3,882 160 88 637 — 79 — — 4,846 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 343 $ 14,915 $ 15,525 $ 43,524 $ 12,135 $ 20,196 $ 35,574 $ — $ 142,212 Internal Grade 4-7 (Pass normal risk) 39,114 63,274 65,948 73,842 17,964 11,951 313,227 3,651 588,971 Internal Grade 8-11 (Pass high risk and watch) 62,717 96,763 96,683 68,465 33,984 9,698 224,948 2,612 595,870 Internal Grade 12 (Special mention) — — — — — — 1,349 — 1,349 Internal Grade 13 (Substandard accrual) — 5,301 728 2,154 2,106 1,999 39,185 13,678 65,151 Internal Grade 14 (Substandard non-accrual) 166 225 701 232 934 904 2,158 6,845 12,165 Current period gross charge-offs — 1,211 274 9 301 1,188 — — 2,983 Construction and land development Internal Grade 1-3 (Pass low risk) $ 225 $ 2,479 $ 6,123 $ 1,532 $ — $ 305 $ — $ — $ 10,664 Internal Grade 4-7 (Pass normal risk) 52,978 179,925 139,931 84,809 7,409 3,198 17,630 — 485,880 Internal Grade 8-11 (Pass high risk and watch) 63,057 173,123 134,265 4,881 2,106 2,474 12,247 4,539 396,692 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) — 15,554 491 112 — — — — 16,157 Internal Grade 14 (Substandard non-accrual) — 500 — — — — — — 500 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 107 3,681 — — — 866 — — 4,654 FICO greater than 720 924 17,707 — 120 50 — — — 18,801 Substandard non-accrual — — — — — — — — — Other (1) 57 — — — — — — — 57 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ — $ 637 $ 1,437 $ 496 $ 745 $ 22,413 $ 222 $ — $ 25,950 FICO between 620 and 720 337 10,801 15,492 11,698 5,836 29,325 1,065 190 74,744 FICO greater than 720 37,088 142,481 524,346 710,247 84,905 86,038 3,250 425 1,588,780 Substandard non-accrual — — — — — 8,031 — — 8,031 Other (1) 12,932 35,924 16,963 3,425 1,365 4,676 272 314 75,871 Current period gross charge-offs — — — — — — — — — Consumer FICO less than 620 $ 329 $ 560 $ 392 $ 34 $ 76 $ 8 $ 358 $ 6 $ 1,763 FICO between 620 and 720 1,791 2,483 1,048 361 220 82 1,951 42 7,978 FICO greater than 720 1,479 3,207 2,254 753 277 16 2,277 1 10,264 Substandard non-accrual — — — — — 3 — — 3 Other (1) 3,769 2,728 1,065 162 21 34 154 — 7,933 Current period gross charge-offs — 74 — — — 7 — — 81 Total loans with credit quality measures $ 365,279 $ 1,337,102 $ 1,819,167 $ 1,830,369 $ 594,824 $ 771,631 $ 730,851 $ 73,212 $ 7,522,435 Commercial and industrial (mortgage warehouse lending) $ 196,372 Commercial and industrial (loans accounted for at fair value) $ 11,211 Broker-dealer (margin loans and correspondent receivables) $ 332,675 Total loans held for investment $ 8,062,693 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
Allowance for Credit Losses (Tables)	Mar. 31, 2024
Allowance for Credit Losses
Schedule of changes in the allowance for loan losses by portfolio segment	Changes in the allowance for credit losses for loans held for investment, distributed by portfolio segment, are shown below (in thousands). Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended March 31, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ 1,149 $ (1,647) $ — $ 39,563 Owner occupied 28,114 614 — 9 28,737 Commercial and industrial 20,926 (1,733) (2,983) 342 16,552 Construction and land development 12,102 (2,095) — 1 10,008 1-4 family residential 9,461 (728) — 11 8,744 Consumer 648 (60) (81) 37 544 Broker-dealer 101 (18) — — 83 Total $ 111,413 $ (2,871) $ (4,711) $ 400 $ 104,231 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended March 31, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ (580) $ — $ — $ 38,667 Owner occupied 24,008 (188) (977) 11 22,854 Commercial and industrial 16,035 (53) (59) 692 16,615 Construction and land development 6,051 (52) — — 5,999 1-4 family residential 9,313 2,434 (73) 17 11,691 Consumer 554 39 (69) 39 563 Broker-dealer 234 731 — — 965 Total $ 95,442 $ 2,331 $ (1,178) $ 759 $ 97,354
Schedule of changes in the allowance for credit losses for loans with off-balance sheet credit exposures	Changes in the allowance for credit losses for loans with off-balance sheet credit exposures are shown below (in thousands). Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 8,876 $ 7,784 Other noninterest expense (580) (979) Balance, end of period $ 8,296 $ 6,805

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
Mortgage Servicing Rights (Tables)	Mar. 31, 2024
Mortgage Servicing Rights
Schedule of change in fair value of the Company's MSR asset	The following tables present the changes in fair value of the Company’s MSR asset and other information related to the serviced portfolio (dollars in thousands). Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 96,662 $ 100,825 Additions 3,312 13,210 Changes in fair value: Due to changes in model inputs or assumptions (1) (2,995) (9,865) Due to customer payoffs (1,388) (856) Balance, end of period $ 95,591 $ 103,314 March 31, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 5,299,744 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 1.80 % 1.85 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three months ended March 31, 2024 are MSR asset fair value adjustments totaling $4.8 million, which reflect the difference between the MSR carrying value and the sales price reflected in a signed letter of intent (“LOI”), dated April 9, 2024, to sell certain MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others.
Schedule of key assumptions used in measuring the fair value of the Company's MSR	March 31, December 31, 2024 2023 Weighted average constant prepayment rate 8.53 % 8.65 % Weighted average discount rate 13.02 % 11.67 % Weighted average life (in years) 8.2 8.2
Schedule of sensitivity analysis of fair value of the Company's MSR to certain key assumptions	A sensitivity analysis of the fair value of the Company’s MSR asset to certain key assumptions is presented in the following table (in thousands). The sensitivity analysis of the fair value of the Company’s MSR asset as presented in the table below excludes $3.0 billion of serviced loan volume related to previously noted LOI to sell certain MSR assets, as the loan volume would not impact the projected future changes in the assumptions. March 31, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,617) $ (3,511) Impact of 20% adverse change (3,139) (6,796) Discount rate: Impact of 10% adverse change (2,437) (4,474) Impact of 20% adverse change (4,635) (8,537)

Deposits (Tables)

Deposits (Tables)	3 Months Ended
Deposits (Tables)	Mar. 31, 2024
Deposits
Summary of deposits	Deposits are summarized as follows (in thousands). March 31, December 31, 2024 2023 Noninterest-bearing demand $ 3,028,543 $ 3,007,101 Interest-bearing: Demand accounts 4,236,334 4,496,682 Brokered - demand 155,478 156,692 Money market 2,004,883 1,869,809 Brokered - money market 10,086 8,828 Savings 255,223 259,745 Time 1,193,549 1,221,935 Brokered - time — 42,400 $ 10,884,096 $ 11,063,192

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	3 Months Ended
Short-term Borrowings (Tables)	Mar. 31, 2024
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). March 31, December 31, 2024 2023 Federal funds purchased $ 442,808 $ 459,658 Securities sold under agreements to repurchase 228,645 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 221,121 200,330 $ 892,574 $ 900,038
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Schedule of short-term borrowings	Information concerning federal funds purchased and securities sold under agreements to repurchase is shown in the following tables (dollars in thousands). Three Months Ended March 31, 2024 2023 Average balance during the period $ 770,705 $ 706,400 Average interest rate during the period 5.50 % 4.81 % March 31, December 31, 2024 2023 Average interest rate at end of period 5.59 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 227,815 $ 239,103 Estimated fair value $ 256,770 $ 262,408
Federal Home Loan Bank
Short-term borrowings
Schedule of short-term borrowings	Three Months Ended March 31, 2024 2023 Average balance during the period $ — $ 146,667 Average interest rate during the period 5.71 % 5.02 %

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
Notes Payable (Tables)	Mar. 31, 2024
Notes Payable
Schedule of notes payable	Notes payable consisted of the following (in thousands). March 31, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $451 and $502, respectively $ 149,549 $ 149,498 Subordinated Notes due May 2030, net of discount of $485 and $511, respectively 49,515 49,489 Subordinated Notes due May 2035, net of discount of $1,791 and $1,842, respectively 148,209 148,158 $ 347,273 $ 347,145

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). March 31, December 31, 2024 2023 Finance leases: Premises and equipment $ 7,780 $ 7,780 Accumulated depreciation (6,685) (6,537) Premises and equipment, net $ 1,095 $ 1,243
Schedule of components of lease costs	The components of lease costs, including short-term lease costs, are as follows (in thousands). Three Months Ended March 31, 2024 2023 Operating lease cost $ 8,560 $ 8,729 Less operating lease and sublease income (681) (633) Net operating lease cost $ 7,879 $ 8,096 Finance lease cost: Amortization of ROU assets $ 147 $ 147 Interest on lease liabilities 95 112 Total finance lease cost $ 242 $ 259
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). Three Months Ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,308 $ 10,024 Operating cash flows from finance leases 97 113 Financing cash flows from finance leases 229 199 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 13,400 $ 4,924 Finance leases — —
Schedule of lease terms and discount rates	Information regarding the lease terms and discount rates of the Company’s leases is as follows. March 31, 2024 December 31, 2023 Weighted Average Weighted Average Remaining Lease Weighted Average Remaining Lease Weighted Average Lease Classification Term (Years) Discount Rate Term (Years) Discount Rate Operating 5.4 5.19 % 5.3 4.59 % Finance 3.1 5.02 % 3.3 4.98 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of March 31, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 23,323 $ 838 2025 27,935 886 2026 22,124 813 2027 17,433 448 2028 13,246 149 Thereafter 26,781 — Total minimum lease payments 130,842 3,134 Less amount representing interest (16,324) (815) Lease liabilities $ 114,518 $ 2,319
Schedule of future minimum lease payments under finance leases	Future minimum lease payments under lease agreements as of March 31, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 23,323 $ 838 2025 27,935 886 2026 22,124 813 2027 17,433 448 2028 13,246 149 Thereafter 26,781 — Total minimum lease payments 130,842 3,134 Less amount representing interest (16,324) (815) Lease liabilities $ 114,518 $ 2,319

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2024
Commitments and Contingencies
Schedule of rollforward of claims activity for loans put-back to the mortgage origination segment	The following tables provide for a rollforward of claims activity for loans put-back to the mortgage origination segment based upon an alleged breach of a representation or warranty with respect to a loan sold and related indemnification liability reserve activity (in thousands). Representation and Warranty Specific Claims Activity - Origination Loan Balance Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 26,909 $ 31,244 Claims made 10,309 14,415 Claims resolved with no payment (6,469) (5,548) Repurchases (6,784) (9,908) Indemnification payments (486) (3,006) Balance, end of period $ 23,479 $ 27,197 Indemnification Liability Reserve Activity Three Months Ended March 31, 2024 2023 Balance, beginning of period $ 11,691 $ 20,528 Additions for new sales 335 347 Repurchases (1,856) (2,360) Early payment defaults (320) (98) Indemnification payments (79) (147) Change in reserves for loans sold in prior years — — Balance, end of period $ 9,771 $ 18,270 March 31, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 928 $ 951 Incurred but not reported claims 8,843 10,740 Total $ 9,771 $ 11,691

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2024
Stock-Based Compensation
Schedule of nonvested RSU activity	The following table summarizes information about stock-based incentive awards issued pursuant to the 2020 Equity Plan and nonvested restricted stock unit (“RSU”) activity for the three months ended March 31, 2024 (shares in thousands). RSUs Weighted Average Grant Date Outstanding Fair Value Balance, December 31, 2023 1,252 $ 34.10 Granted 512 $ 30.53 Vested/Released (519) $ 33.01 Forfeited (2) $ 32.57 Balance, March 31, 2024 1,243 $ 33.09

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
Regulatory Matters (Tables)	Mar. 31, 2024
Regulatory Matters
Schedule of actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period	The following table shows PlainsCapital’s and Hilltop’s actual capital amounts and ratios in accordance with Basel III compared to the regulatory minimum capital requirements including conservation buffer ratio in effect at the end of the period (dollars in thousands). Based on actual capital amounts and ratios shown in the following table, PlainsCapital’s ratios place it in the “well capitalized” (as defined) capital category under regulatory requirements. Actual capital amounts and ratios as of March 31, 2024 reflect PlainsCapital’s and Hilltop’s decision to elect the transition option as issued by the federal banking regulatory agencies in March 2020 that permits banking institutions to mitigate the estimated cumulative regulatory capital effects from CECL over a five-year transitionary period through December 31, 2024. Minimum Capital Requirements Including Conservation To Be Well March 31, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,430,850 11.00 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 1,980,114 12.49 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,430,850 15.87 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 1,980,114 19.73 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,430,850 15.87 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 1,980,114 19.73 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,538,101 17.06 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,287,216 22.79 % 2,284,357 22.34 % 10.5 % N/A
Schedule of net capital position	At March 31, 2024, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). Momentum Hilltop Independent Securities Network Net capital $ 278,638 $ 4,477 Less: required net capital 6,225 250 Excess net capital $ 272,413 $ 4,227 Net capital as a percentage of aggregate debit items 89.5 % Net capital in excess of 5% aggregate debit items $ 263,076

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2024
Derivative Financial Instruments
Schedule of changes in fair value of derivatives	Changes in the fair value of derivatives are presented in the following table (in thousands). Three Months Ended March 31, 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ 10,626 $ 4,897 Hilltop Broker-Dealers (3,945) (21,180) Bank (11) (12)
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). March 31, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 622,902 $ 9,999 $ 383,767 $ 7,734 Commitments to purchase MBSs 974,248 4,000 1,470,142 15,666 Commitments to sell MBSs 1,917,326 (2,134) 2,222,225 (17,870) Interest rate swaps 54,500 (286) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 1,421 99 1,421 176 Interest rate swaps back-to-back (liability) (1) 1,421 (102) 1,421 (191) U.S. Treasury bond futures and options (2) 292,900 43 306,200 430 Interest rate and other futures (2) 264,200 — 224,800 — Credit default swaps 16,000 (12) — — Warrants 791 820 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 355,000 $ 14,676 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 325,113 39,817 325,193 34,799 (1) Noted derivative instruments include both customer-facing derivatives as well as offsetting derivatives facing other dealer banks. The fair value of these derivatives include a net credit valuation adjustment that was nominal at March 31, 2024 and December 31, 2023, respectively, reducing the fair value of the liability. (2) Noted derivative instruments include contracts between the Hilltop Broker-Dealers and PrimeLending and their respective counterparties with changes in fair value of the contracts that are settled daily. (3) The Company designated $325.3 million and $325.3 million as the hedged amount (from a closed portfolio of prepayable available for sale securities and loans held for investment with a carrying value of $285.1 million and $290.2 million as of March 31, 2024 and December 31, 2023, respectively), of which, a subset of these hedges are in portfolio layer hedging relationships. The cumulative basis adjustment included in the carrying value of the hedged items totaled $40.0 million and $35.0 million as of March 31, 2024 and December 31, 2023, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	3 Months Ended
Balance Sheet Offsetting (Tables)	Mar. 31, 2024
Balance Sheet Offsetting
Schedule of the assets subject to an enforceable master netting arrangement or repurchase agreements	The following tables present the assets and liabilities subject to enforceable master netting arrangements, repurchase agreements, or similar agreements with offsetting rights (in thousands). Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Assets Cash of Recognized Offset in the Presented in the Financial Collateral Net Assets Balance Sheet Balance Sheet Instruments Pledged Amount March 31, 2024 Securities borrowed: Institutional counterparties $ 1,398,644 $ — $ 1,398,644 $ (1,336,220) $ — $ 62,424 Interest rate swaps: Institutional counterparties 54,725 — 54,725 — (54,592) 133 Reverse repurchase agreements: Institutional counterparties 91,608 — 91,608 (91,515) — 93 Forward MBS derivatives: Institutional counterparties 5,344 — 5,344 (583) — 4,761 Treasury futures and options derivatives: Institutional counterparties 43 — 43 — — 43 $ 1,550,364 $ — $ 1,550,364 $ (1,428,318) $ (54,592) $ 67,454 December 31, 2023 Securities borrowed: Institutional counterparties $ 1,406,937 $ — $ 1,406,937 $ (1,332,856) $ — $ 74,081 Interest rate swaps: Institutional counterparties 49,253 — 49,253 — (49,253) — Reverse repurchase agreements: Institutional counterparties 80,011 — 80,011 (80,011) — — Forward MBS derivatives: Institutional counterparties 16,755 — 16,755 (194) — 16,561 Treasury futures and options derivatives: Institutional counterparties 430 — 430 — — 430 $ 1,553,386 $ — $ 1,553,386 $ (1,413,061) $ (49,253) $ 91,072
Schedule of the liabilities subject to an enforceable master netting arrangement or repurchase agreements	Gross Amounts Not Offset in Net Amounts the Balance Sheet Gross Amounts Gross Amounts of Liabilities Cash of Recognized Offset in the Presented in the Financial Collateral Net Liabilities Balance Sheet Balance Sheet Instruments Pledged Amount March 31, 2024 Securities loaned: Institutional counterparties $ 1,366,956 $ — $ 1,366,956 $ (1,302,924) $ — $ 64,032 Interest rate swaps: Institutional counterparties 419 — 419 — — 419 Credit default swaps: Institutional counterparties 12 — 12 — — 12 Repurchase agreements: Institutional counterparties 227,815 — 227,815 (227,815) — — Forward MBS derivatives: Institutional counterparties 3,478 — 3,478 (583) (785) 2,110 $ 1,598,680 $ — $ 1,598,680 $ (1,531,322) $ (785) $ 66,573 December 31, 2023 Securities loaned: Institutional counterparties $ 1,371,896 $ — $ 1,371,896 $ (1,296,828) $ — $ 75,068 Interest rate swaps: Institutional counterparties 5,349 — 5,349 (5,349) — — Repurchase agreements: Institutional counterparties 239,103 — 239,103 (239,103) — — Forward MBS derivatives: Institutional counterparties 18,958 — 18,958 (194) (10,515) 8,249 $ 1,635,306 $ — $ 1,635,306 $ (1,541,474) $ (10,515) $ 83,317
Schedule of contractual maturities of repurchase agreements and secured borrowing transactions	The following tables present the remaining contractual maturities of repurchase agreement and securities lending transactions accounted for as secured borrowings (in thousands). The Company had no repurchase-to-maturity transactions outstanding at both March 31, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than March 31, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: Asset-backed securities $ 118,386 $ 109,429 $ — $ — $ 227,815 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,366,904 — — — 1,366,904 Total $ 1,485,342 $ 109,429 $ — $ — $ 1,594,771 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,594,771 Amount related to agreements not included in offsetting disclosure above $ — Remaining Contractual Maturities Overnight and Greater Than December 31, 2023 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 8,389 $ — $ — $ — $ 8,389 Asset-backed securities 81,419 149,295 — — 230,714 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,371,844 — — — 1,371,844 Total $ 1,461,704 $ 149,295 $ — $ — $ 1,610,999 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,610,999 Amount related to agreements not included in offsetting disclosure above $ —

Broker-Dealer and Clearing Or_2

Broker-Dealer and Clearing Organization Receivables and Payables (Tables)	3 Months Ended
	Mar. 31, 2024
Broker-Dealer and Clearing Organization Receivables and Payables
Schedule of broker-dealer and clearing organization receivables and payables	Broker-dealer and clearing organization receivables and payables consisted of the following (in thousands). March 31, December 31, 2024 2023 Receivables: Securities borrowed $ 1,398,644 $ 1,406,937 Securities failed to deliver 42,581 28,120 Trades in process of settlement 16,782 123,722 Other 15,554 15,152 $ 1,473,561 $ 1,573,931 Payables: Securities loaned $ 1,366,956 $ 1,371,896 Correspondents 17,390 33,286 Securities failed to receive 43,974 18,135 Other 8,142 7,417 $ 1,436,462 $ 1,430,734

Segment and Related Informati_2

Segment and Related Information (Tables)	3 Months Ended
Segment and Related Information (Tables)	Mar. 31, 2024
Segment and Related Information
Schedule of information about the segment revenues, operating results, goodwill, and assets of entity's reportable segments	The following tables present certain information about reportable business segment revenues, operating results, goodwill and assets (in thousands). Mortgage All Other and Hilltop Three Months Ended March 31, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 91,606 $ 12,269 $ (4,252) $ (3,103) $ 7,101 $ 103,621 Provision for (reversal of) credit losses (2,853) (18) — — — (2,871) Noninterest income 11,903 104,578 66,700 5,785 (7,348) 181,618 Noninterest expense 56,020 97,947 78,898 17,384 (226) 250,023 Income (loss) before taxes $ 50,342 $ 18,918 $ (16,450) $ (14,702) $ (21) $ 38,087 Mortgage All Other and Hilltop Three Months Ended March 31, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 104,770 $ 13,863 $ (4,208) $ (3,322) $ 10,602 $ 121,705 Provision for (reversal of) credit losses 1,600 731 — — — 2,331 Noninterest income 11,190 90,635 68,829 2,704 (10,864) 162,494 Noninterest expense 56,127 90,345 88,753 15,513 (268) 250,470 Income (loss) before taxes $ 58,233 $ 13,422 $ (24,132) $ (16,131) $ 6 $ 31,398 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated March 31, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,107,429 $ 2,942,673 $ 1,048,082 $ 2,558,636 $ (3,447,187) $ 16,209,633 December 31, 2023 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,288,627 $ 2,929,296 $ 1,181,316 $ 2,543,057 $ (3,475,300) $ 16,466,996

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	3 Months Ended
Earnings per Common Share (Tables)	Mar. 31, 2024
Earnings per Common Share
Schedule of the computation of basic and diluted earnings per common share	The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data). Three Months Ended March 31, 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 27,668 $ 25,800 Weighted average shares outstanding - basic 65,200 64,901 Basic earnings per common share: $ 0.42 $ 0.40 Diluted earnings per share: Income attributable to Hilltop $ 27,668 $ 25,800 Weighted average shares outstanding - basic 65,200 64,901 Effect of potentially dilutive securities 14 53 Weighted average shares outstanding - diluted 65,214 64,954 Diluted earnings per common share: $ 0.42 $ 0.40

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies - Nature of Operations and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2024 item
Basis of Presentation
Number of primary business units	2
PCC
Basis of Presentation
Ownership percentage	100%
Securities Holdings
Basis of Presentation
Ownership percentage	100%
HTH Hillcrest Project LLC
Basis of Presentation
Membership ownership percentage	100%
Hilltop Investments I, LLC
Basis of Presentation
Membership ownership percentage	100%
PCC \| Plains Capital Bank
Basis of Presentation
Ownership percentage	100%
PCC \| Hilltop Opportunity Partners LLC
Basis of Presentation
Membership ownership percentage	100%
Plains Capital Bank \| Prime Lending
Basis of Presentation
Ownership percentage	100%
Prime Lending \| Prime Lending Ventures Management LLC
Basis of Presentation
Membership ownership percentage	100%
Hilltop Investments I, LLC \| Hillcrest Land LLC
Basis of Presentation
Membership ownership percentage	50%

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 684.1	$ 822.2
Mortgage loans held for sale, unpaid principal balance	$ 675.5	$ 802.3

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Trading securities	$ 657,700	$ 515,991
Available for sale securities	1,480,555	1,507,595
Equity securities	315	321
MSR asset	95,591	96,662
Financial liabilities:
Securities sold, not yet purchased	60,562	34,872
Recurring
Financial assets:
Trading securities	657,700	515,991
Available for sale securities	1,480,555	1,507,595
Equity securities	315	321
Loans held for sale	715,627	822,194
Loans held for investment	11,211	10,858
Derivative assets	$ 75,233	$ 77,598
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets.	Other Assets.
MSR asset	$ 95,591	$ 96,662
Equity investments	19,540	19,540
Financial liabilities:
Securities sold, not yet purchased	60,562	34,872
Derivative liabilities	8,313	27,106
Recurring \| Level 1
Financial assets:
Trading securities	6,504	8,929
Equity securities	315	321
Financial liabilities:
Securities sold, not yet purchased	56,070	14,027
Recurring \| Level 2
Financial assets:
Trading securities	651,196	507,062
Available for sale securities	1,459,741	1,483,177
Loans held for sale	663,832	784,158
Derivative assets	74,413	76,778
Financial liabilities:
Securities sold, not yet purchased	4,492	20,845
Derivative liabilities	8,313	27,106
Recurring \| Level 3
Financial assets:
Available for sale securities	20,814	24,418
Loans held for sale	51,795	38,036
Loans held for investment	11,211	10,858
Derivative assets	820	820
MSR asset	95,591	96,662
Equity investments	$ 19,540	$ 19,540

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total gains or losses (realized or unrealized):
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Sales of Loans, Net	Gain (Loss) on Sales of Loans, Net
Level 3
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	$ 190,334	$ 150,713
Purchases/Additions	28,654	30,006
Sales/Reductions	(10,778)	(23,454)
Transfers to (from) Level 3		(446)
Total gains or losses (realized or unrealized):
Included in Net Income	(8,902)	$ (10,075)
Included in other comprehensive income (Loss)	$ 463
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax
Asset balance, End of Year	$ 199,771	$ 146,744
Level 3 \| Available for sale securities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	24,418
Sales/Reductions	(4,702)
Total gains or losses (realized or unrealized):
Included in Net Income	635
Included in other comprehensive income (Loss)	463
Asset balance, End of Year	20,814
Level 3 \| Loans held for sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	38,036	40,707
Purchases/Additions	25,342	16,796
Sales/Reductions	(6,076)	(23,454)
Transfers to (from) Level 3		(446)
Total gains or losses (realized or unrealized):
Included in Net Income	(5,507)	390
Asset balance, End of Year	51,795	33,993
Level 3 \| Loans held for investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	10,858	9,181
Total gains or losses (realized or unrealized):
Included in Net Income	353	256
Asset balance, End of Year	11,211	9,437
Level 3 \| MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	96,662	100,825
Purchases/Additions	3,312	13,210
Total gains or losses (realized or unrealized):
Included in Net Income	(4,383)	(10,721)
Asset balance, End of Year	95,591	$ 103,314
Level 3 \| Derivative assets
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	820
Total gains or losses (realized or unrealized):
Asset balance, End of Year	820
Level 3 \| Equity investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	19,540
Total gains or losses (realized or unrealized):
Asset balance, End of Year	$ 19,540

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 95,591,000	$ 96,662,000
Equity Securities, FV-NI	315,000	321,000
Recurring
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	715,627,000	822,194,000
Derivative assets, Fair Value	75,233,000	77,598,000
Servicing Asset at Fair Value, Amount	95,591,000	96,662,000
Equity Securities, FV-NI	315,000	321,000
Level 3 \| Recurring
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	51,795,000	38,036,000
Derivative assets, Fair Value	820,000	820,000
Servicing Asset at Fair Value, Amount	95,591,000	96,662,000
Level 3 \| Recurring \| Available for sale securities \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 7,893,000	$ 7,893,000
Debt Securities, Available-for-Sale, Valuation Technique [Extensible Enumeration]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Debt Securities, Available-for-Sale, Measurement Input [Extensible Enumeration]	Discount Rate	Discount Rate
Level 3 \| Recurring \| Available for sale securities \| Discount Rate \| Minimum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1450	0.1425
Level 3 \| Recurring \| Available for sale securities \| Discount Rate \| Maximum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1525	0.1550
Level 3 \| Recurring \| Available for sale securities \| Recent Transaction
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 12,921,000	$ 12,921,000
Debt Securities, Available-for-Sale, Valuation Technique [Extensible Enumeration]	hth:RecentTransactionMember	hth:RecentTransactionMember
Debt Securities, Available-for-Sale, Measurement Input [Extensible Enumeration]	hth:RecentTransactionMember	hth:RecentTransactionMember
Level 3 \| Recurring \| Loans held for sale \| Projected Price
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	$ 51,795	$ 51,795
Loans Held-for-sale, Valuation Technique [Extensible List]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Loans Held-for-sale, Measurement Input [Extensible List]	Projected Price	Projected Price
Level 3 \| Recurring \| Loans held for sale \| Projected Price \| Weighted average
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.90	0.90
Level 3 \| Recurring \| Loans held for sale \| Projected Price \| Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.78	0.78
Level 3 \| Recurring \| Loans held for sale \| Projected Price \| Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.91	0.92
Level 3 \| Recurring \| Loans held for investment \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Fair Value Disclosure	$ 11,211,000	$ 11,211,000
Loans Held-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loans Held-for-sale, Measurement Input		0.1000
Loans Held-for-sale, Measurement Input [Extensible List]	Discount Rate	Discount Rate
Level 3 \| Recurring \| Loans held for investment \| Discount Rate \| Minimum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.0900
Level 3 \| Recurring \| Loans held for investment \| Discount Rate \| Maximum
Significant unobservable inputs used in the fair value measurements
Loans Held-for-sale, Measurement Input	0.0950
Level 3 \| Recurring \| Derivative assets \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Derivative assets, Fair Value	$ 820,000	$ 820,000
Derivative Asset, Valuation Technique [Extensible Enumeration]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Derivative Asset, Measurement Input [Extensible Enumeration]	Discount Rate	Discount Rate
Derivative Asset, Measurement Input	0.1500	0.1500
Level 3 \| Recurring \| MSR asset
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 95,591,000	$ 95,591,000
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Level 3 \| Recurring \| MSR asset \| Constant Prepayment Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.0853	0.0865
Servicing Asset, Measurement Input [Extensible List]	Constant Prepayment Rate	Constant Prepayment Rate
Level 3 \| Recurring \| MSR asset \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1302	0.1167
Servicing Asset, Measurement Input [Extensible List]	Discount Rate	Discount Rate
Level 3 \| Recurring \| Equity investment
Significant unobservable inputs used in the fair value measurements
Equity Securities, FV-NI	$ 19,540,000	$ 19,540,000
Equity Securities, FV-NI, Valuation Technique [Extensible Enumeration]	hth:RecentTransactionMember	hth:RecentTransactionMember
Equity Securities, FV-NI, Measurement Input [Extensible Enumeration]	hth:RecentTransactionMember	hth:RecentTransactionMember

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Option
Net Gains (Losses)	$ 40,197	$ 39,966
Other Noninterest Income	49,200	35,680
Transfers between Level 1 and Level 2	0	0
Loans held for sale
Fair Value Option
Net Gains (Losses)	(11,316)	10,134
Total Changes in Fair Value	(11,316)	10,134
Loans held for investment
Fair Value Option
Net Gains (Losses)	94
Total Changes in Fair Value	94
MSR asset
Fair Value Option
Net Gains (Losses)	(4,383)	(10,721)
Total Changes in Fair Value	$ (4,383)	$ (10,721)

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Held to maturity securities	$ 702,843	$ 731,858
Loans held for investment, net	7,958,462	7,968,332
Broker-dealer and clearing organization receivables	1,473,561	1,573,931
Financial liabilities:
Broker-dealer and clearing organization payables	1,436,462	1,430,734
Carrying Amount
Financial assets:
Cash and cash equivalents	1,710,716	1,859,350
Assets segregated for regulatory purposes	70,717	57,395
Securities purchased under agreements to resell	91,608	80,011
Held to maturity securities	790,550	812,677
Loans held for sale	126,697	121,652
Loans held for investment, net	7,947,250	7,957,474
Broker-dealer and clearing organization receivables	1,473,561	1,573,931
Other assets	75,388	74,613
Financial liabilities:
Deposits	10,884,096	11,063,192
Broker-dealer and clearing organization payables	1,436,462	1,430,734
Short-term borrowings	892,574	900,038
Debt	347,273	347,145
Other liabilities	21,807	24,280
Estimate of Fair Value
Financial assets:
Cash and cash equivalents	1,710,716	1,859,350
Assets segregated for regulatory purposes	70,717	57,395
Securities purchased under agreements to resell	91,608	80,011
Held to maturity securities	702,843	731,858
Loans held for sale	127,705	122,240
Loans held for investment, net	8,026,461	8,040,565
Broker-dealer and clearing organization receivables	1,473,561	1,573,931
Other assets	75,388	74,613
Financial liabilities:
Deposits	10,873,333	11,045,957
Broker-dealer and clearing organization payables	1,436,462	1,430,734
Short-term borrowings	892,574	900,038
Debt	322,845	319,505
Other liabilities	21,807	24,280
Estimate of Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	1,710,716	1,859,350
Assets segregated for regulatory purposes	70,717	57,395
Estimate of Fair Value \| Level 2
Financial assets:
Securities purchased under agreements to resell	91,608	80,011
Held to maturity securities	702,843	731,858
Loans held for sale	93,090	99,358
Loans held for investment, net	332,675	344,172
Broker-dealer and clearing organization receivables	1,473,561	1,573,931
Other assets	75,388	74,613
Financial liabilities:
Deposits	10,873,333	11,045,957
Broker-dealer and clearing organization payables	1,436,462	1,430,734
Short-term borrowings	892,574	900,038
Debt	322,845	319,505
Other liabilities	21,807	24,280
Estimate of Fair Value \| Level 3
Financial assets:
Loans held for sale	34,615	22,882
Loans held for investment, net	$ 7,693,786	$ 7,696,393

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 6,608	$ 27,264
Upward adjustments	0	243
Impairments and downward adjustments	0	(5,000)
Balance, end of period	6,608	$ 22,507
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 39,000		$ 59,200

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of fair value of trading securities
Debt Securities, Trading	$ 657,700	$ 515,991
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	60,562	34,872
U.S. Treasury securities
Schedule of fair value of trading securities
Debt Securities, Trading	1,247	3,736
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	14,513	12,867
Residential mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	155,355	124,768
Collateralized mortgage obligations
Schedule of fair value of trading securities
Debt Securities, Trading	103,085	86,281
Other
Schedule of fair value of trading securities
Debt Securities, Trading		13,079
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	56,252	37,569
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	260,700	180,890
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	56,084	47,768
Other
Schedule of fair value of trading securities
Debt Securities, Trading	$ 10,464	$ 9,033

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Available for sale
Amortized Cost	$ 1,594,167	$ 1,621,747
Unrealized Gains	776	1,183
Unrealized Losses	(114,388)	(115,335)
Available for sale securities	1,480,555	1,507,595
Held to maturity
Amortized Cost	790,550	812,677
Unrealized Gains	72	149
Unrealized Losses	(87,779)	(80,968)
Held to maturity, Fair Value	702,843	731,858
Equity Securities
Equity, at fair value	315	321
Net gains due to changes in the fair value of equity securities	300	300
U.S. Treasury securities
Available for sale
Amortized Cost	4,987	4,985
Unrealized Losses	(379)	(368)
Available for sale securities	4,608	4,617
Bonds
Available for sale
Amortized Cost	160,657	166,617
Unrealized Gains	216	360
Unrealized Losses	(759)	(811)
Available for sale securities	160,114	166,166
Residential mortgage-backed securities
Available for sale
Amortized Cost	389,134	389,160
Unrealized Gains	64	25
Unrealized Losses	(41,562)	(39,315)
Available for sale securities	347,636	349,870
Held to maturity
Amortized Cost	273,005	278,172
Unrealized Losses	(29,334)	(25,765)
Held to maturity, Fair Value	243,671	252,407
Commercial mortgage-backed securities
Available for sale
Amortized Cost	196,627	200,236
Unrealized Gains	229	468
Unrealized Losses	(6,767)	(8,958)
Available for sale securities	190,089	191,746
Held to maturity
Amortized Cost	162,273	172,879
Unrealized Losses	(13,422)	(12,670)
Held to maturity, Fair Value	148,851	160,209
Collateralized mortgage obligations
Available for sale
Amortized Cost	783,966	797,876
Unrealized Gains	232	291
Unrealized Losses	(60,824)	(61,686)
Available for sale securities	723,374	736,481
Held to maturity
Amortized Cost	277,859	284,208
Unrealized Losses	(38,969)	(37,189)
Held to maturity, Fair Value	238,890	247,019
Corporate debt securities
Available for sale
Amortized Cost	21,851	25,919
Unrealized Losses	(1,037)	(1,501)
Available for sale securities	20,814	24,418
States and political subdivisions
Available for sale
Amortized Cost	36,945	36,954
Unrealized Gains	35	39
Unrealized Losses	(3,060)	(2,696)
Available for sale securities	33,920	34,297
Held to maturity
Amortized Cost	77,413	77,418
Unrealized Gains	72	149
Unrealized Losses	(6,054)	(5,344)
Held to maturity, Fair Value	$ 71,431	$ 72,223

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	35	34
Unrealized loss for twelve months or longer \| item	334	336
Total \| item	369	370
Fair Value
Unrealized loss for less than twelve months	$ 94,358	$ 80,456
Unrealized loss for twelve months or longer	1,324,703	1,348,786
Total	1,419,061	1,429,242
Unrealized Loss
Unrealized loss for less than twelve months	2,789	2,579
Unrealized loss for twelve months or longer	111,599	112,756
Total	$ 114,388	$ 115,335
U.S. Treasury securities
Number of Securities
Unrealized loss for twelve months or longer \| item	1	1
Total \| item	1	1
Fair Value
Unrealized loss for twelve months or longer	$ 4,608	$ 4,617
Total	4,608	4,617
Unrealized Loss
Unrealized loss for twelve months or longer	379	368
Total	$ 379	$ 368
Bonds
Number of Securities
Unrealized loss for less than twelve months \| item	4	4
Unrealized loss for twelve months or longer \| item	20	20
Total \| item	24	24
Fair Value
Unrealized loss for less than twelve months	$ 28,891	$ 28,988
Unrealized loss for twelve months or longer	107,789	112,502
Total	136,680	141,490
Unrealized Loss
Unrealized loss for less than twelve months	150	103
Unrealized loss for twelve months or longer	609	708
Total	$ 759	$ 811
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item	14	14
Unrealized loss for twelve months or longer \| item	109	109
Total \| item	123	123
Fair Value
Unrealized loss for less than twelve months	$ 16,213	$ 8,989
Unrealized loss for twelve months or longer	322,481	338,769
Total	338,694	347,758
Unrealized Loss
Unrealized loss for less than twelve months	813	616
Unrealized loss for twelve months or longer	40,749	38,699
Total	$ 41,562	$ 39,315
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item	3	2
Unrealized loss for twelve months or longer \| item	18	18
Total \| item	21	20
Fair Value
Unrealized loss for less than twelve months	$ 15,040	$ 10,413
Unrealized loss for twelve months or longer	186,537	162,470
Total	201,577	172,883
Unrealized Loss
Unrealized loss for less than twelve months	411	282
Unrealized loss for twelve months or longer	6,356	8,676
Total	$ 6,767	$ 8,958
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months \| item	3	2
Unrealized loss for twelve months or longer \| item	136	138
Total \| item	139	140
Fair Value
Unrealized loss for less than twelve months	$ 18,327	$ 11,560
Unrealized loss for twelve months or longer	682,738	709,571
Total	701,065	721,131
Unrealized Loss
Unrealized loss for less than twelve months	273	22
Unrealized loss for twelve months or longer	60,551	61,665
Total	$ 60,824	$ 61,687
Corporate debt securities
Number of Securities
Unrealized loss for less than twelve months \| item	1	2
Total \| item	1	2
Fair Value
Unrealized loss for less than twelve months	$ 8,930	$ 13,483
Total	8,930	13,483
Unrealized Loss
Unrealized loss for less than twelve months	1,037	1,501
Total	$ 1,037	$ 1,501
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item	10	10
Unrealized loss for twelve months or longer \| item	50	50
Total \| item	60	60
Fair Value
Unrealized loss for less than twelve months	$ 6,957	$ 7,023
Unrealized loss for twelve months or longer	20,550	20,857
Total	27,507	27,880
Unrealized Loss
Unrealized loss for less than twelve months	105	55
Unrealized loss for twelve months or longer	2,955	2,640
Total	$ 3,060	$ 2,695

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	48	39
Unrealized loss for twelve months or longer \| item	257	257
Total \| item	305	296
Fair Value
Unrealized loss for less than twelve months	$ 21,730	$ 15,506
Unrealized loss for twelve months or longer	711,696	730,607
Total	733,426	746,113
Unrealized Losses
Unrealized loss for less than twelve months	618	479
Unrealized loss for twelve months or longer	87,161	80,489
Total	$ 87,779	$ 80,968
Residential mortgage-backed securities
Number of Securities
Unrealized loss for twelve months or longer \| item	45	44
Total \| item	45	44
Fair Value
Unrealized loss for twelve months or longer	$ 273,004	$ 278,172
Total	273,004	278,172
Unrealized Losses
Unrealized loss for twelve months or longer	29,334	25,765
Total	$ 29,334	$ 25,765
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for twelve months or longer \| item	29	31
Total \| item	29	31
Fair Value
Unrealized loss for twelve months or longer	$ 154,917	$ 160,208
Total	154,917	160,208
Unrealized Losses
Unrealized loss for twelve months or longer	13,422	12,670
Total	$ 13,422	$ 12,670
Collateralized mortgage obligations
Number of Securities
Unrealized loss for twelve months or longer \| item	54	54
Total \| item	54	54
Fair Value
Unrealized loss for twelve months or longer	$ 238,891	$ 247,019
Total	238,891	247,019
Unrealized Losses
Unrealized loss for twelve months or longer	38,969	37,189
Total	$ 38,969	$ 37,189
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item	48	39
Unrealized loss for twelve months or longer \| item	129	128
Total \| item	177	167
Fair Value
Unrealized loss for less than twelve months	$ 21,730	$ 15,506
Unrealized loss for twelve months or longer	44,884	45,208
Total	66,614	60,714
Unrealized Losses
Unrealized loss for less than twelve months	618	479
Unrealized loss for twelve months or longer	5,436	4,865
Total	$ 6,054	$ 5,344

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 32,601
Due after one year through five years	78,846
Due after five years through ten years	52,859
Due after ten years	60,134
Total	224,440
Amortized Cost	1,594,167	$ 1,621,747
AFS, Fair Value, Rolling Maturity
Due in one year or less	32,497
Due after one year through five years	77,196
Due after five years through ten years	52,284
Due after ten years	57,479
Total	219,456
Fair Value	1,480,555	1,507,595
Residential mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	389,134
Amortized Cost	389,134	389,160
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	347,636
Fair Value	347,636	349,870
Commercial mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	196,627
Amortized Cost	196,627	200,236
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	190,089
Fair Value	190,089	191,746
Collateralized mortgage obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	783,966
Amortized Cost	783,966	797,876
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	723,374
Fair Value	$ 723,374	$ 736,481

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
HTM, Amortized Cost, Rolling Maturities
Due in one year or less	$ 310
Due after one year through five years	2,729
Due after five years through ten years	37,772
Due after ten years	36,602
Total	77,413
Amortized Cost	790,550	$ 812,677
HTM, Fair Value, Rolling Maturities
Due in one year or less	310
Due after one year through five years	2,595
Due after five years through ten years	35,501
Due after ten years	33,025
Total	71,431
Fair Value	702,843	731,858
Residential mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	273,005
Amortized Cost	273,005	278,172
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	243,671
Fair Value	243,671	252,407
Commercial mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	162,273
Amortized Cost	162,273	172,879
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	148,851
Fair Value	148,851	160,209
Collateralized mortgage obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	277,859
Amortized Cost	277,859	284,208
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	238,890
Fair Value	$ 238,890	$ 247,019

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Securities
Realized net gains from trading securities portfolio	$ 2.9	$ 10.5
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral		Asset Pledged as Collateral
Asset Pledged as Collateral
Securities
Carrying amount of securities pledged	$ 624		$ 537.2
Fair value of securities pledged	574.1		$ 503.1
Hilltop Broker-Dealers
Securities
Realized net gains from trading securities portfolio	32.3	32.6
Realized net gains (losses) from other securities	$ 0	$ 0

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans
Loans	$ 8,062,693	$ 8,079,745
Allowance for loan losses	(104,231)	(111,413)	$ (97,354)	$ (95,442)
Loans held for investment, net	7,958,462	7,968,332
Commercial real estate \| Non-owner occupied
Loans
Loans	1,932,746	1,889,882
Commercial real estate \| Owner occupied
Loans
Loans	1,449,249	1,422,234
Commercial and industrial
Loans
Loans	1,613,301	1,607,833
Allowance for loan losses	(16,552)	(20,926)	(16,615)	(16,035)
Construction and land development
Loans
Loans	933,405	1,031,095
Allowance for loan losses	(10,008)	(12,102)	(5,999)	(6,051)
1 - 4 family residential
Loans
Loans	1,773,376	1,757,178
Allowance for loan losses	(8,744)	(9,461)	(11,691)	(9,313)
Consumer
Loans
Loans	27,941	27,351
Allowance for loan losses	(544)	(648)	(563)	(554)
Broker-dealer
Loans
Loans	332,675	344,172
Allowance for loan losses	$ (83)	$ (101)	$ (965)	$ (234)

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 8,062,693	$ 8,079,745
Accruing Loans Past Due 90 Days or More	2,550
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	26,434	25,716
60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	993	4,732
90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,346	10,254
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	33,773	40,702
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,028,920	8,039,043
Prime Lending \| U S Government Agencies Secured
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Accruing Loans Past Due 90 Days or More	110,200	115,100
Unpaid principal balance loans past due 90 days or more	111,000	115,700
Commercial real estate \| Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,932,746	1,889,882
Commercial real estate \| Non-owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,904	6,125
Commercial real estate \| Non-owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	799	799
Commercial real estate \| Non-owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,703	6,924
Commercial real estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,928,043	1,882,958
Commercial real estate \| Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,449,249	1,422,234
Commercial real estate \| Owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,117	6,823
Commercial real estate \| Owner occupied \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	150	386
Commercial real estate \| Owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10	3,897
Commercial real estate \| Owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,277	11,106
Commercial real estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,440,972	1,411,128
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,613,301	1,607,833
Accruing Loans Past Due 90 Days or More	2,537
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,100	3,348
Commercial and industrial \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	150	1,496
Commercial and industrial \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,330	2,074
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,580	6,918
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,608,721	1,600,915
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	933,405	1,031,095
Construction and land development \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,888	767
Construction and land development \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans		1,554
Construction and land development \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	277	276
Construction and land development \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	5,165	2,597
Construction and land development \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	928,240	1,028,498
1 - 4 family residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,773,376	1,757,178
Accruing Loans Past Due 90 Days or More	13
1 - 4 family residential \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,300	8,625
1 - 4 family residential \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	679	1,292
1 - 4 family residential \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,927	3,203
1 - 4 family residential \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10,906	13,120
1 - 4 family residential \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,762,470	1,744,058
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,941	27,351
Consumer \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	125	28
Consumer \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	14	4
Consumer \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3	5
Consumer \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	142	37
Consumer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,799	27,314
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	332,675	344,172
Broker-dealer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 332,675	$ 344,172

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) loan	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Non-accrual loans
Non-accrual Loans With Allowance	$ 12,780		$ 44,839
Non-accrual Loans With No Allowance	15,875		19,498
Non-accrual loans	28,655		64,337
Interest Income Recognized	1,924	$ 780
Increase (decrease) in non-accrual status loans	(35,700)
Commercial real estate \| Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	422		33,728
Non-accrual Loans With No Allowance	2,688		2,712
Non-accrual loans	3,110		36,440
Interest Income Recognized	1,194	123
Increase (decrease) in non-accrual status loans	(33,300)
Commercial real estate \| Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	4,702		4,630
Non-accrual Loans With No Allowance	144		468
Non-accrual loans	4,846		5,098
Interest Income Recognized	93	63
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	6,527		5,216
Non-accrual Loans With No Allowance	5,638		4,286
Non-accrual loans	12,165		9,502
Interest Income Recognized	$ 102	131
Number of loan relationships \| loan	13
Increase (decrease) in non-accrual status loans	$ 2,700
Increase in financing receivable non accrual status	7,300
Construction and land development
Non-accrual loans
Non-accrual Loans With Allowance	500		533
Non-accrual Loans With No Allowance			2,749
Non-accrual loans	500		3,282
Interest Income Recognized	42	7
Increase (decrease) in non-accrual status loans	(2,800)
Decrease in financing receivable non accrual status	2,700
1 - 4 family residential
Non-accrual loans
Non-accrual Loans With Allowance	626		726
Non-accrual Loans With No Allowance	7,405		9,283
Non-accrual loans	8,031		10,009
Interest Income Recognized	493	$ 456
Increase (decrease) in non-accrual status loans	(2,000)
Decrease in financing receivable non accrual status	1,000
1 - 4 family residential \| Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	4,500		4,000
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	3		6
Non-accrual loans	$ 3		$ 6

Loans Held for Investment - Amo

Loans Held for Investment - Amortized cost basis of the loans held for investment modified for borrowers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.30%	0.50%
Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 17,511	$ 41,571
Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 5,777	$ 3,000
Commercial real estate \| Non-owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment		2.10%
Commercial real estate \| Non-owner occupied \| Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified		$ 37,972
Commercial real estate \| Owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.30%	0.20%
Commercial real estate \| Owner occupied \| Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 491	$ 2,235
Commercial real estate \| Owner occupied \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 3,882
Commercial and industrial
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	1.10%	0.30%
Commercial and industrial \| Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 16,797	$ 1,364
Commercial and industrial \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 166	$ 3,000
Construction and land development
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.20%
Construction and land development \| Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 223
Construction and land development \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 1,729

Loans Held for Investment - A_2

Loans Held for Investment - Aging of Modified Loans (Details) $ in Thousands	Mar. 31, 2024 USD ($)
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 4,124
90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	2,485
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	6,609
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	39,867
Commercial real estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	32,247
Commercial real estate \| Owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,882
Commercial real estate \| Owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	10
Commercial real estate \| Owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,892
Commercial real estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,980
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	242
Commercial and industrial \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	2,475
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	2,717
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,417
Construction and land development \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 223

Loans Held for Investment - Fin

Loans Held for Investment - Financial effects of the loans held for investment modified for borrowers (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	11 months	14 months
Commercial real estate \| Non-owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)		13 months
Commercial real estate \| Owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	14 months	35 months
Commercial and industrial
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	11 months	9 months
Construction and land development
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	15 months

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Internal risk grades of non-covered loans
2024	$ 365,279
2023	1,337,102
2022	1,819,167
2021	1,830,369
2020	594,824
2019 and Prior	771,631
Revolving	730,851
Loans Converted To Term Loans	73,212
Total loans with credit quality measures	7,522,435
Loan Charge-offs	4,711	$ 1,178
Total	8,062,693		$ 8,079,745
Commercial real estate \| Non-owner occupied
Internal risk grades of non-covered loans
Current period gross charge-offs, 2023	1,647
Loan Charge-offs	1,647
Total	1,932,746		1,889,882
Commercial real estate \| Non-owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2023	5,010
2022	30,933
2021	31,644
2020	17,530
2019 and Prior	6,931
Revolving	(21)
Loans Converted To Term Loans	179
Total loans with credit quality measures	92,206
Commercial real estate \| Non-owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	9,205
2023	183,150
2022	285,243
2021	374,563
2020	132,824
2019 and Prior	124,113
Revolving	36,624
Loans Converted To Term Loans	16,540
Total loans with credit quality measures	1,162,262
Commercial real estate \| Non-owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	27,566
2023	153,849
2022	166,882
2021	68,816
2020	80,548
2019 and Prior	84,917
Revolving	10,771
Loans Converted To Term Loans	1,422
Total loans with credit quality measures	594,771
Commercial real estate \| Non-owner occupied \| Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
2022	12,162
2021	2,563
2020	3,736
2019 and Prior	25,714
Total loans with credit quality measures	44,175
Commercial real estate \| Non-owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	6,296
2022	11,607
2021	13,929
2020	1,033
2019 and Prior	3,357
Total loans with credit quality measures	36,222
Commercial real estate \| Non-owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	377
2022	1,392
2019 and Prior	1,341
Total loans with credit quality measures	3,110
Commercial real estate \| Owner occupied
Internal risk grades of non-covered loans
Total	1,449,249		1,422,234
Commercial real estate \| Owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	19,006
2023	56,914
2022	33,111
2021	119,697
2020	39,147
2019 and Prior	53,685
Revolving	4,373
Loans Converted To Term Loans	13,533
Total loans with credit quality measures	339,466
Commercial real estate \| Owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	15,407
2023	104,368
2022	158,299
2021	135,907
2020	60,725
2019 and Prior	176,501
Revolving	17,938
Loans Converted To Term Loans	9,235
Total loans with credit quality measures	678,380
Commercial real estate \| Owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	12,398
2023	52,622
2022	88,218
2021	69,942
2020	82,352
2019 and Prior	76,800
Revolving	5,202
Total loans with credit quality measures	387,534
Commercial real estate \| Owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	402
2023	2,088
2022	7,840
2021	5,824
2020	6,796
2019 and Prior	15,976
Revolving	97
Total loans with credit quality measures	39,023
Commercial real estate \| Owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	3,882
2023	160
2022	88
2021	637
2019 and Prior	79
Total loans with credit quality measures	4,846
Commercial and industrial
Internal risk grades of non-covered loans
Current period gross charge-offs, 2023	1,211
Current period gross charge-offs,2022	274
Current period gross charge-offs, 2021	9
Current period gross charge-offs, 2020	301
Current period gross charge-offs, 2019 and prior	1,188
Loan Charge-offs	2,983	59
Total	1,613,301		1,607,833
Commercial and industrial \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	343
2023	14,915
2022	15,525
2021	43,524
2020	12,135
2019 and Prior	20,196
Revolving	35,574
Total loans with credit quality measures	142,212
Commercial and industrial \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	39,114
2023	63,274
2022	65,948
2021	73,842
2020	17,964
2019 and Prior	11,951
Revolving	313,227
Loans Converted To Term Loans	3,651
Total loans with credit quality measures	588,971
Commercial and industrial \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	62,717
2023	96,763
2022	96,683
2021	68,465
2020	33,984
2019 and Prior	9,698
Revolving	224,948
Loans Converted To Term Loans	2,612
Total loans with credit quality measures	595,870
Commercial and industrial \| Internal Grade 12 (Special mention)
Internal risk grades of non-covered loans
Revolving	1,349
Total loans with credit quality measures	1,349
Commercial and industrial \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	5,301
2022	728
2021	2,154
2020	2,106
2019 and Prior	1,999
Revolving	39,185
Loans Converted To Term Loans	13,678
Total loans with credit quality measures	65,151
Commercial and industrial \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	166
2023	225
2022	701
2021	232
2020	934
2019 and Prior	904
Revolving	2,158
Loans Converted To Term Loans	6,845
Total loans with credit quality measures	12,165
Commercial and industrial \| Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	196,372
Commercial and industrial \| Loans Accounted At Fair Value
Internal risk grades of non-covered loans
Loans without credit quality measures	11,211
Construction and land development
Internal risk grades of non-covered loans
Total	933,405		1,031,095
Construction and land development \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	107
2023	3,681
2019 and Prior	866
Total loans with credit quality measures	4,654
Construction and land development \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	924
2023	17,707
2021	120
2020	50
Total loans with credit quality measures	18,801
Construction and land development \| Other.
Internal risk grades of non-covered loans
2024	57
Total loans with credit quality measures	57
Construction and land development \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	225
2023	2,479
2022	6,123
2021	1,532
2019 and Prior	305
Total loans with credit quality measures	10,664
Construction and land development \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	52,978
2023	179,925
2022	139,931
2021	84,809
2020	7,409
2019 and Prior	3,198
Revolving	17,630
Total loans with credit quality measures	485,880
Construction and land development \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	63,057
2023	173,123
2022	134,265
2021	4,881
2020	2,106
2019 and Prior	2,474
Revolving	12,247
Loans Converted To Term Loans	4,539
Total loans with credit quality measures	396,692
Construction and land development \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2023	15,554
2022	491
2021	112
Total loans with credit quality measures	16,157
Construction and land development \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	500
Total loans with credit quality measures	500
1 - 4 family residential
Internal risk grades of non-covered loans
Loan Charge-offs		73
Total	1,773,376		1,757,178
1 - 4 family residential \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2023	637
2022	1,437
2021	496
2020	745
2019 and Prior	22,413
Revolving	222
Total loans with credit quality measures	25,950
1 - 4 family residential \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	337
2023	10,801
2022	15,492
2021	11,698
2020	5,836
2019 and Prior	29,325
Revolving	1,065
Loans Converted To Term Loans	190
Total loans with credit quality measures	74,744
1 - 4 family residential \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	37,088
2023	142,481
2022	524,346
2021	710,247
2020	84,905
2019 and Prior	86,038
Revolving	3,250
Loans Converted To Term Loans	425
Total loans with credit quality measures	1,588,780
1 - 4 family residential \| Substandard non-accrual
Internal risk grades of non-covered loans
2019 and Prior	8,031
Total loans with credit quality measures	8,031
1 - 4 family residential \| Other.
Internal risk grades of non-covered loans
2024	12,932
2023	35,924
2022	16,963
2021	3,425
2020	1,365
2019 and Prior	4,676
Revolving	272
Loans Converted To Term Loans	314
Total loans with credit quality measures	75,871
Consumer
Internal risk grades of non-covered loans
Current period gross charge-offs, 2023	74
Current period gross charge-offs, 2019 and prior	7
Loan Charge-offs	81	$ 69
Total	27,941		27,351
Consumer \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2024	329
2023	560
2022	392
2021	34
2020	76
2019 and Prior	8
Revolving	358
Loans Converted To Term Loans	6
Total loans with credit quality measures	1,763
Consumer \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	1,791
2023	2,483
2022	1,048
2021	361
2020	220
2019 and Prior	82
Revolving	1,951
Loans Converted To Term Loans	42
Total loans with credit quality measures	7,978
Consumer \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	1,479
2023	3,207
2022	2,254
2021	753
2020	277
2019 and Prior	16
Revolving	2,277
Loans Converted To Term Loans	1
Total loans with credit quality measures	10,264
Consumer \| Substandard non-accrual
Internal risk grades of non-covered loans
2019 and Prior	3
Total loans with credit quality measures	3
Consumer \| Other.
Internal risk grades of non-covered loans
2024	3,769
2023	2,728
2022	1,065
2021	162
2020	21
2019 and Prior	34
Revolving	154
Total loans with credit quality measures	7,933
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	332,675
Total	$ 332,675		$ 344,172

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for loan losses
Available for sale debt securities past due	$ 0
Available-for-sale allowance for credit loss	0
Provision (reversal) in allowance on individually evaluated loans	4,100	$ 700
Provision (reversal) in allowance on collectively evaluated loans	(7,000)	1,500
Net charge-offs	$ 4,300	$ 400
Minimum
Allowance for loan losses
Percentage of federal funds interest rate increase scenario	5.75%
Expected accelerated inflation rate, percentage	3%
Maximum
Allowance for loan losses
Percentage of federal funds interest rate increase scenario	6%

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 111,413	$ 95,442
Provision for (Reversal of) Credit Losses	(2,871)	2,331
Loans Charged Off	(4,711)	(1,178)
Recoveries on Charged Off Loans	400	759
Balance, End of Period	104,231	97,354
Non-owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	40,061	39,247
Provision for (Reversal of) Credit Losses	1,149	(580)
Loans Charged Off	(1,647)
Balance, End of Period	39,563	38,667
Owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	28,114	24,008
Provision for (Reversal of) Credit Losses	614	(188)
Loans Charged Off		(977)
Recoveries on Charged Off Loans	9	11
Balance, End of Period	28,737	22,854
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	20,926	16,035
Provision for (Reversal of) Credit Losses	(1,733)	(53)
Loans Charged Off	(2,983)	(59)
Recoveries on Charged Off Loans	342	692
Balance, End of Period	16,552	16,615
Construction and land development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	12,102	6,051
Provision for (Reversal of) Credit Losses	(2,095)	(52)
Recoveries on Charged Off Loans	1
Balance, End of Period	10,008	5,999
1 - 4 family residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	9,461	9,313
Provision for (Reversal of) Credit Losses	(728)	2,434
Loans Charged Off		(73)
Recoveries on Charged Off Loans	11	17
Balance, End of Period	8,744	11,691
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	648	554
Provision for (Reversal of) Credit Losses	(60)	39
Loans Charged Off	(81)	(69)
Recoveries on Charged Off Loans	37	39
Balance, End of Period	544	563
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	101	234
Provision for (Reversal of) Credit Losses	(18)	731
Balance, End of Period	$ 83	$ 965

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 8,876	$ 7,784
Other noninterest expense	(580)	(979)
Balance, end of period	$ 8,296	$ 6,805

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Change in fair value of mortgage servicing rights
Balance, beginning of year	$ 96,662
Balance, end of year	95,591		$ 96,662
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	96,662	$ 100,825	100,825
Additions	3,312	13,210
Changes in fair value: Due to changes in model inputs or assumptions	(2,995)	(9,865)
Changes in fair value: Due to customer payoffs	(1,388)	(856)
Balance, end of year	95,591	$ 103,314	96,662
Mortgage loans serviced for others	$ 5,299,744		$ 5,227,404
MSR asset as a percentage of serviced mortgage loans	1.80%		1.85%
Mortgage servicing assets adjustment, fair value	$ 4,800
Loans serviced related to signed letter of intent for sale of assets	$ 3,000,000
Key Assumptions
Weighted average constant prepayment rate (as a percent)	8.53%		8.65%
Weighted average discount rate (as a percent)	13.02%		11.67%
Weighted average life (in years)	8 years 2 months 12 days		8 years 2 months 12 days

Mortgage Servicing Rights - Sen

Mortgage Servicing Rights - Sensitivity Analysis (Details) - MSR asset - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (1,617)		$ (3,511)
Constant prepayment rate: Impact of 20% adverse change	(3,139)		(6,796)
Discount rate: Impact of 10% adverse change	(2,437)		(4,474)
Discount rate: Impact of 20% adverse change	(4,635)		$ (8,537)
Contractually specified servicing fees, late fees and ancillary fees	$ 8,200	$ 7,400

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits
Noninterest-bearing demand	$ 3,028,543	$ 3,007,101
Interest-bearing:
Demand accounts	4,236,334	4,496,682
Brokered - demand	155,478	156,692
Money market	2,004,883	1,869,809
Brokered - money market	10,086	8,828
Savings	255,223	259,745
Time	1,193,549	1,221,935
Brokered - time		42,400
Total deposits	10,884,096	$ 11,063,192
Time deposits that meet or exceed FDIC insurance limit	$ 544,500

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	3 Months Ended
Short-term Borrowings (Details) $ in Thousands	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Short-term borrowings
Short-term borrowings	$ 892,574		$ 900,038
Federal funds purchased
Short-term borrowings
Short-term borrowings	442,808		459,658
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 228,645		240,050
Federal Home Loan Bank
Short-term borrowings
Average balance during the period		$ 146,667
Average interest rate during the period	5.71%	5.02%
Federal Home Loan Bank \| Maximum
Short-term borrowings
Maturity term of debt	365 days
Short-term bank loans
Short-term borrowings
Short-term borrowings	$ 0
Commercial paper
Short-term borrowings
Short-term borrowings	$ 221,121		$ 200,330
Number of commercial paper programs initiated \| item	2
Weighted average interest rate on short-term bank loan borrowings (as a percent)	6.15%
Weighted average remaining life	79 days
Debt instrument, collateral	$ 245,700
Commercial paper \| Minimum
Short-term borrowings
Maturity term of debt	14 days
Commercial paper \| Maximum
Short-term borrowings
Maturity term of debt	270 days
Commercial paper \| Weighted average
Short-term borrowings
Weighted average maturity term	139 days
Series 2019-1 CP Notes
Short-term borrowings
Maximum borrowing capacity	$ 300,000
Series 2019-2 CP Notes
Short-term borrowings
Maximum borrowing capacity	200,000
Federal Funds Purchased and Securities Sold under Agreements to Repurchase
Short-term borrowings
Average balance during the period	$ 770,705	$ 706,400
Average interest rate during the period	5.50%	4.81%
Average interest rate at end of period (as a percent)	5.59%		5.60%
Securities underlying the agreements at end of period: Carrying value	$ 227,815		$ 239,103
Securities underlying the agreements at end of period: Estimated fair value	$ 256,770		$ 262,408
Federal Funds Purchased and Securities Sold under Agreements to Repurchase \| Minimum
Short-term borrowings
Maturity term of debt	1 day
Federal Funds Purchased and Securities Sold under Agreements to Repurchase \| Maximum
Short-term borrowings
Maturity term of debt	90 days

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument
Notes payable	$ 347,273	$ 347,145
Senior Notes due April 2025
Debt Instrument
Notes payable	149,549	149,498
Unamortized discount	451	502
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,515	49,489
Unamortized discount	485	511
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	148,209	148,158
Unamortized discount	$ 1,791	$ 1,842

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(6,685)	(6,537)
Premises and equipment, net	$ 1,095	$ 1,243

Leases - Components of lease co

Leases - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Components of operating lease costs
Operating lease cost	$ 8,560	$ 8,729
Less operating lease and sublease income	(681)	(633)
Net operating lease cost	7,879	8,096
Amortization of ROU assets	147	147
Interest on lease liabilities	95	112
Total finance lease cost	$ 242	$ 259

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases
Operating cash flows from operating leases	$ 9,308	$ 10,024
Operating cash flows from finance leases	97	113
Financing cash flows from finance leases	229	199
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 13,400	$ 4,924

Leases - Lease terms and discou

Leases - Lease terms and discount rates (Details)	Mar. 31, 2024	Dec. 31, 2023
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 4 months 24 days	5 years 3 months 18 days
Finance - Weighted Average Remaining Lease Term (Years)	3 years 1 month 6 days	3 years 3 months 18 days
Operating - Weighted Average Discount Rate	5.19%	4.59%
Finance - Weighted Average Discount Rate	5.02%	4.98%

Leases- Lease maturities (Detai

Leases- Lease maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating leases maturities
2024	$ 23,323
2025	27,935
2026	22,124
2027	17,433
2028	13,246
Thereafter	26,781
Total minimum lease payments	130,842
Less amount representing interest	(16,324)
Lease liabilities	114,518	$ 109,002
Finance Leases maturities:
2024	838
2025	886
2026	813
2027	448
2028	149
Total minimum lease payments	3,134
Less amount representing interest	(815)
Lease liabilities	$ 2,319
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.

Leases - Operating leases that

Leases - Operating leases that have not yet commenced (Details) $ in Millions	Mar. 31, 2024 USD ($)
Leases
Additional operating leases that have not yet commenced	$ 0.2
Expected to commence	3 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
Income Taxes - Narrative (Details)	Mar. 31, 2024	Mar. 31, 2023
Income Taxes
Effective income tax rate (as a percent)	22.50%	11.60%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands		3 Months Ended
	Jun. 08, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Representation and Warranty Claims
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		$ 26,909	$ 31,244
Claims made		10,309	14,415
Claims resolved with no payment		(6,469)	(5,548)
Repurchases		(6,784)	(9,908)
Indemnification payments		(486)	(3,006)
Balance, end of period		23,479	27,197
Reserve for Indemnification Liability:
Total		23,479	27,197	$ 26,909
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses		300	300
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		11,691	20,528
Additions for new sales		335	347
Repurchases		(1,856)	(2,360)
Early payment defaults		(320)	(98)
Indemnification payments		(79)	(147)
Balance, end of period		9,771	18,270
Reserve for Indemnification Liability:
Specific claims		928		951
Incurred but not reported claims		8,843		10,740
Total		$ 9,771	$ 18,270	$ 11,691
Loss on Subordinated Bonds
Commitments and Contingencies
Damages sought	$ 13,000

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Mar. 31, 2024 USD ($)
Commitments to Extend Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,100
Standby Letters of Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 61.8

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
2020 Plan \| Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	3,968	5,101

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - RSUs shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of shares outstanding
Balance at the beginning of the period ( in shares) \| shares	1,252
Granted (in shares) \| shares	512
Vested/Released (in shares) \| shares	(519)
Forfeited (in shares) \| shares	(2)
Balance at the end of the period ( in shares) \| shares	1,243
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 34.10
Granted (in dollars per share) \| $ / shares	30.53
Vested/Released (in dollars per share) \| $ / shares	33.01
Forfeited (in dollars per share) \| $ / shares	32.57
Balance at the end of the period (in dollars per share) \| $ / shares	$ 33.09

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - RSUs $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	89,302
Number of shares awarded (in shares)	512,000
Number of awards subject to time-based vesting (in shares)	915,509
Number of awards vesting upon achievement of performance goals (in shares)	327,626
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense \| $	$ 22.5
Weighted average period for unrecognized compensation expense (in years)	1 year 10 months 2 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	415,405
Number of awards subject to time-based vesting (in shares)	310,690
Number of awards vesting upon achievement of performance goals (in shares)	103,995
Performance period	3 years
Vesting period	3 years

Regulatory Matters - Minimum Ca

Regulatory Matters - Minimum Capital Requirements (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Regulatory matters
Regulatory capital effects from CECL transitionary period	5 years
Plains Capital Bank
Tier 1 capital (to average assets)
Actual Amount	$ 1,430,850	$ 1,407,660
Actual Ratio	0.1100	0.1055
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.040
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.050
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,430,850	$ 1,407,660
Actual Ratio	0.1587	0.1544
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.065
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,430,850	$ 1,407,660
Actual Ratio	0.1587	0.1544
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.080
Total capital (to risk-weighted assets)
Actual Amount	$ 1,538,101	$ 1,511,239
Actual Ratio	0.1706	0.1658
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105
To Be Well Capitalized Minimum Capital Requirements, Ratio	0.100
Hilltop
Tier 1 capital (to average assets)
Actual Amount	$ 1,980,114	$ 1,974,918
Actual Ratio	0.1249	0.1223
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.040
Common equity Tier 1 capital (to risk weighted assets)
Actual Amount	$ 1,980,114	$ 1,974,918
Actual Ratio	0.1973	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,980,114	$ 1,974,918
Actual Ratio	0.1973	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,287,216	$ 2,284,357
Actual Ratio	0.2279	0.2234
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 70,717	$ 57,395	$ 36,199
Hilltop Securities
Net Capital
Net capital	278,638
Less: required net capital	6,225
Excess net capital	$ 272,413
Net capital as a percentage of aggregate debit items	89.50%
Net capital in excess of 5% aggregate debt items	$ 263,076
Momentum Independent Network
Net Capital
Net capital	4,477
Less: required net capital	250
Excess net capital	4,227
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 70,700	$ 57,400
Prime Lending
Net Capital
Threshold operating loss ratio requited to compliance with minimum net worth and liquidity requirements	20%
Threshold capital ratio requited to compliance with minimum net worth and liquidity requirements	6%
Operating loss ratio	22.60%
Capital ratio	5.56%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Apr. 18, 2024	Mar. 31, 2024	Mar. 31, 2023	Jan. 31, 2024
Stock repurchase program
Cash dividends declared per common share		$ 0.17	$ 0.16
Cash dividends paid		$ 11,100	$ 10,400
Repurchase common stock authorized amount				$ 75,000
Payments to repurchase shares		$ 9,941	$ 4,503
Repurchase of common stock (in shares)		320,042
Average price (per share)		$ 31.04
Subsequent Event
Stock repurchase program
Cash dividends declared per common share	$ 0.17

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Bank And PrimeLending [Member]
Derivative financial instruments
Cash collateral advanced to offset net derivative assets	$ 57,400		$ 51,800
Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	10,626	$ 4,897
Not Designated as Hedging Instrument \| Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(3,945)	(21,180)
Not Designated as Hedging Instrument \| Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(11)	$ (12)
Not Designated as Hedging Instrument \| PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	8,200		7,600
Interest Rate Lock Commitments \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	622,902		383,767
Estimated Fair Value	9,999		7,734
Commitments to Purchase MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	974,248		1,470,142
Estimated Fair Value	4,000		15,666
Commitments to Sell MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,917,326		2,222,225
Estimated Fair Value	(2,134)		(17,870)
Commitments to Sell MBSs \| Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	800		14,700
Interest rate swaps \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	54,500		33,500
Estimated Fair Value	(286)		(5,349)
Interest rate swaps \| Designated as hedges
Derivative financial instruments
Carrying value of available for sale securities and loans held for investment	285,100		290,200
Interest rate swaps \| Cash Flow Hedging \| Designated as hedges
Derivative financial instruments
Notional Amount	355,000		410,000
Estimated Fair Value	14,676		14,277
Interest rate swaps \| Fair Value Hedging \| Designated as hedges
Derivative financial instruments
Notional Amount	325,113		325,193
Estimated Fair Value	39,817		34,799
Designated hedge amount from closed portfolio of available for sale securities and loans held for investment	325,300		325,300
Cumulative adjustment in available for sale securities and loans held for investment	40,000		35,000
Interest rate swaps back-to-back (asset) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,421		1,421
Estimated Fair Value	99		176
Interest rate swaps back-to-back (liability) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,421		1,421
Estimated Fair Value	(102)		(191)
U.S. Treasury bond futures and options \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	292,900		306,200
Estimated Fair Value	43		430
Interest rate and other futures \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	264,200		224,800
Credit default swaps \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	16,000
Estimated Fair Value	(12)
Warrant \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	791		866
Estimated Fair Value	$ 820		$ 820

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 91,608	$ 80,011
Total
Gross Amounts of Recognized Assets	1,550,364	1,553,386
Net Amounts of Assets Presented in the Balance Sheet	1,550,364	1,553,386
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,428,318)	(1,413,061)
Cash Collateral Pledged	(54,592)	(49,253)
Net Amount	67,454	91,072
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,398,644	1,406,937
Net Amounts of Assets Presented in the Balance Sheet	1,398,644	1,406,937
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,336,220)	(1,332,856)
Net Amount	62,424	74,081
Interest rate swaps \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	54,725	49,253
Net Amounts of Assets Presented in the Balance Sheet	54,725	49,253
Gross Amounts Not Offset in the Balance Sheet
Cash Collateral Pledged	(54,592)	(49,253)
Net Amount	133
Reverse repurchase agreements \| Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	91,608	80,011
Net Amounts of Assets Presented in the Balance Sheet	91,608	80,011
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(91,515)	(80,011)
Net Amount	93	0
Forward MBS Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	5,344	16,755
Net Amounts of Assets Presented in the Balance Sheet	5,344	16,755
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(583)	(194)
Net Amount	4,761	16,561
Treasury Futures And Option Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	43	430
Net Amounts of Assets Presented in the Balance Sheet	43	430
Gross Amounts Not Offset in the Balance Sheet
Net Amount	$ 43	$ 430

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Total
Gross Amounts of Recognized Liabilities	$ 1,598,680	$ 1,635,306
Net Amounts of Liabilities Presented in the Balance Sheet	1,598,680	1,635,306
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,531,322)	(1,541,474)
Cash Collateral Pledged	(785)	(10,515)
Net Amount	66,573	83,317
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,366,956	1,371,896
Net Amounts of Liabilities Presented in the Balance Sheets	1,366,956	1,371,896
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,302,924)	(1,296,828)
Net Amount	64,032	75,068
Institutional Counterparties \| Interest rate swaps
Derivatives:
Gross Amounts of Recognized Liabilities	419	5,349
Net Amounts of Liabilities Presented in the Balance Sheet	419	5,349
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments		(5,349)
Net Amount	419
Institutional Counterparties \| Credit default swaps
Derivatives:
Gross Amounts of Recognized Liabilities	12
Net Amounts of Liabilities Presented in the Balance Sheet	12
Gross Amounts Not Offset in the Balance Sheet
Net Amount	12
Institutional Counterparties \| Repurchase agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	227,815	239,103
Net Amounts of Liabilities Presented in the Balance Sheet	227,815	239,103
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(227,815)	(239,103)
Net Amount	0	0
Institutional Counterparties \| Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	3,478	18,958
Net Amounts of Liabilities Presented in the Balance Sheet	3,478	18,958
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(583)	(194)
Cash Collateral Pledged	(785)	(10,515)
Net Amount	$ 2,110	$ 8,249

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Number of repurchase-to-maturity transactions outstanding \| item	0	0
Total borrowings	$ 1,594,771	$ 1,610,999
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,594,771	1,610,999
Minimum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	1 day
Maximum
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Security repurchase agreement maturity period	90 days
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 1,485,342	1,461,704
Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	109,429	149,295
US Treasury and agency securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions		8,389
US Treasury and agency securities \| Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions		8,389
Assets-backed securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	227,815	230,714
Assets-backed securities \| Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	118,386	81,419
Assets-backed securities \| Maturity up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	109,429	149,295
Corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	52	52
Corporate securities \| Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	52	52
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,366,904	1,371,844
Equity securities \| Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,366,904	$ 1,371,844

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Receivables:
Securities borrowed	$ 1,398,644	$ 1,406,937
Securities failed to deliver	42,581	28,120
Trades in process of settlement	16,782	123,722
Other	15,554	15,152
Total receivables	1,473,561	1,573,931
Payables:
Securities loaned	1,366,956	1,371,896
Correspondents	17,390	33,286
Securities failed to receive	43,974	18,135
Other	8,142	7,417
Total Payables	$ 1,436,462	$ 1,430,734

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended
Segment and Related Information (Details) $ in Thousands	Mar. 31, 2024 USD ($) item segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Information about the revenues, operating results, goodwill and assets
Number of primary business units \| item	2
Number of reportable segments \| segment	3
Net interest income (expense)	$ 103,621	$ 121,705
Provision for (reversal of) credit losses	(2,871)	2,331
Noninterest income	181,618	162,494
Noninterest expense	250,023	250,470
Income before income taxes	38,087	31,398
Goodwill	267,447		$ 267,447
Total assets	16,209,633		16,466,996
Operating Segments \| Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	91,606	104,770
Provision for (reversal of) credit losses	(2,853)	1,600
Noninterest income	11,903	11,190
Noninterest expense	56,020	56,127
Income before income taxes	50,342	58,233
Goodwill	247,368		247,368
Total assets	13,107,429		13,288,627
Operating Segments \| Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	12,269	13,863
Provision for (reversal of) credit losses	(18)	731
Noninterest income	104,578	90,635
Noninterest expense	97,947	90,345
Income before income taxes	18,918	13,422
Goodwill	7,008		7,008
Total assets	2,942,673		2,929,296
Operating Segments \| Mortgage Origination
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(4,252)	(4,208)
Noninterest income	66,700	68,829
Noninterest expense	78,898	88,753
Income before income taxes	(16,450)	(24,132)
Goodwill	13,071		13,071
Total assets	1,048,082		1,181,316
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(3,103)	(3,322)
Noninterest income	5,785	2,704
Noninterest expense	17,384	15,513
Income before income taxes	(14,702)	(16,131)
Total assets	2,558,636		2,543,057
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	7,101	10,602
Noninterest income	(7,348)	(10,864)
Noninterest expense	(226)	(268)
Income before income taxes	(21)	$ 6
Total assets	$ (3,447,187)		$ (3,475,300)

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic earnings per share:
Income attributable to Hilltop	$ 27,668	$ 25,800
Weighted average shares outstanding - basic (in shares)	65,200	64,901
Basic earnings per common share (in dollars per share)	$ 0.42	$ 0.40
Diluted earnings per share:
Income attributable to Hilltop	$ 27,668	$ 25,800
Weighted average shares outstanding - basic (in shares)	65,200	64,901
Effect of potentially dilutive securities (in shares)	14	53
Weighted average shares outstanding - diluted (in shares)	65,214	64,954
Diluted earnings per common share (in dollars per share)	$ 0.42	$ 0.40

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 27,668	$ 25,800

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false