Hilltop (HTH) 10-Q2 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Aug. 01, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Securities Act 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		64,954,138
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 798,300	$ 1,858,700
Federal funds sold	5,650	650
Assets segregated for regulatory purposes	51,046	57,395
Securities purchased under agreements to resell	111,914	80,011
Securities:
Trading, at fair value	721,384	515,991
Available for sale, at fair value, net (amortized cost of $1,545,966 and $1,621,747, respectively)	1,433,107	1,507,595
Held to maturity, at amortized cost, net (fair value of $687,194 and $731,858, respectively)	777,456	812,677
Equity, at fair value	254	321
Total securities	2,932,201	2,836,584
Loans held for sale	1,264,437	943,846
Loans held for investment, net of unearned income	8,173,520	8,079,745
Allowance for credit losses	(115,082)	(111,413)
Loans held for investment, net	8,058,438	7,968,332
Broker-dealer and clearing organization receivables	1,297,175	1,573,931
Premises and equipment, net	161,746	168,856
Operating lease right-of-use assets	93,994	88,580
Mortgage servicing rights	52,902	96,662
Other assets	517,811	517,545
Goodwill	267,447	267,447
Other intangible assets, net	7,429	8,457
Total assets	15,620,490	16,466,996
Deposits:
Noninterest-bearing	2,845,441	3,007,101
Interest-bearing	7,528,415	8,056,091
Total deposits	10,373,856	11,063,192
Broker-dealer and clearing organization payables	1,285,226	1,430,734
Short-term borrowings	897,613	900,038
Securities sold, not yet purchased, at fair value	75,546	34,872
Notes payable	347,402	347,145
Operating lease liabilities	113,096	109,002
Other liabilities	365,140	431,684
Total liabilities	13,457,879	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; 64,952,838 and 65,153,092 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	650	652
Additional paid-in capital	1,047,523	1,054,662
Accumulated other comprehensive loss	(119,171)	(121,505)
Retained earnings	1,205,467	1,189,222
Deferred compensation employee stock trust, net	1	228
Employee stock trust (45 and 10,290 shares, at cost, at June 30, 2024 and December 31, 2023, respectively)	(1)	(292)
Total Hilltop stockholders' equity	2,134,469	2,122,967
Noncontrolling interests	28,142	27,362
Total stockholders' equity	2,162,611	2,150,329
Total liabilities and stockholders' equity	$ 15,620,490	$ 16,466,996

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,545,966	$ 1,621,747
Held to maturity, Fair Value	$ 687,194	$ 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	64,952,838	65,153,092
Common stock, shares outstanding	64,952,838	65,153,092
Employee stock trust, shares	45	10,290

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Loans, including fees	$ 138,627	$ 138,397	$ 272,958	$ 261,776
Securities borrowed	20,306	18,515	40,867	35,583
Securities:
Taxable	25,289	26,719	51,530	52,321
Tax-exempt	2,389	2,566	4,804	5,754
Other	20,532	27,229	46,598	49,419
Total interest income	207,143	213,426	416,757	404,853
Interest expense:
Deposits	68,095	54,726	137,239	90,550
Securities loaned	18,669	16,413	37,708	31,759
Short-term borrowings	10,676	17,706	22,264	30,150
Notes payable	3,604	3,973	7,194	7,826
Other	2,449	2,342	5,081	4,597
Total interest expense	103,493	95,160	209,486	164,882
Net interest income	103,650	118,266	207,271	239,971
Provision for credit losses	10,934	14,836	8,063	17,167
Net interest income after provision for credit losses	92,716	103,430	199,208	222,804
Noninterest income:
Net gains from sale of loans and other mortgage production income	58,455	48,535	98,652	88,501
Mortgage loan origination fees	34,398	41,440	60,836	70,217
Securities commission and fees	29,510	24,355	59,883	50,288
Investment and securities advisory fees and commissions	32,992	32,037	63,218	58,885
Other	37,950	44,285	92,334	85,255
Total noninterest income	193,305	190,652	374,923	353,146
Noninterest expense:
Employees' compensation and benefits	169,998	176,908	335,828	344,725
Occupancy and equipment, net	21,297	23,025	43,209	45,890
Professional services	10,270	12,594	20,001	23,291
Other	54,899	54,450	107,449	103,541
Total noninterest expense	256,464	266,977	506,487	517,447
Income before income taxes	29,557	27,105	67,644	58,503
Income tax expense	6,658	7,167	15,223	10,797
Net income	22,899	19,938	52,421	47,706
Less: Net income attributable to noncontrolling interest	2,566	1,805	4,420	3,773
Income attributable to Hilltop	$ 20,333	$ 18,133	$ 48,001	$ 43,933
Earnings per common share:
Basic (in dollars per share)	$ 0.31	$ 0.28	$ 0.74	$ 0.68
Diluted (in dollars per share)	$ 0.31	$ 0.28	$ 0.74	$ 0.68
Weighted average share information:
Basic (in shares)	65,085	65,025	65,142	64,963
Diluted (in shares)	65,086	65,054	65,149	64,993

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 22,899	$ 19,938	$ 52,421	$ 47,706
Other comprehensive income (loss):
Change in fair value of cash flow hedges, net taxes of $(446), $1,010, $(352) and $4, respectively	(1,583)	3,386	(1,042)	137
Net unrealized gains (losses) on securities available-for-sale, net taxes of $62, $(3,308), $539 and $(148), respectively	692	(11,097)	606	(1,234)
Reclassification adjustment for gains (losses) included in net income, net taxes of $0, $1, $34 and $1, respectively		6	114	6
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net taxes of $398, $435, $798 and $873, respectively	1,326	1,447	2,656	2,904
Comprehensive income	23,334	13,680	54,755	49,519
Less: comprehensive income attributable to noncontrolling interest	2,566	1,805	4,420	3,773
Comprehensive income applicable to Hilltop	$ 20,768	$ 11,875	$ 50,335	$ 45,746

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Cash flow hedge, tax	$ (446)	$ 1,010	$ (352)	$ 4
Net unrealized gains (losses) on securities available for sale, tax	62	(3,308)	539	(148)
Reclassification adjustment, tax	0	1	34	1
Amortization of unrealized losses on securities	$ 398	$ 435	$ 798	$ 873

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Hilltop	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	43,933				43,933			3,773	47,706
Other comprehensive income	1,813			1,813					1,813
Stock-based compensation expense	10,031		10,031						10,031
Common stock issued to board members	300		300						300
Common stock issued to board members (in shares)		10,000
Issuance of common stock related to share-based awards, net	(4,148)	$ 6	(4,154)						(4,148)
Issuance of common stock related to share-based awards, net (in shares)		521,000
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	(20,761)				(20,761)				(20,761)
Deferred compensation plan	10					(31)	$ 41		10
Deferred compensation plan (in shares)							(2,000)
Net cash contributed to noncontrolling interest								(3,723)	(3,723)
Balance at Jun. 30, 2023	2,063,599	$ 651	1,050,191	(131,718)	1,144,624	450	$ (599)	26,655	2,090,254
Balance (in shares) at Jun. 30, 2023		65,071,000					21,000
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
Increase (Decrease) in Stockholders' Equity
Net income	18,133				18,133			1,805	19,938
Other comprehensive income	(6,257)			(6,257)					(6,257)
Stock-based compensation expense	5,984		5,984						5,984
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	(716)	$ 1	(717)						(716)
Issuance of common stock related to share-based awards, net (in shares)		43,000
Dividends on common stock	(10,410)				(10,410)				(10,410)
Deferred compensation plan	4					4			4
Net cash contributed to noncontrolling interest								(2,237)	(2,237)
Balance at Jun. 30, 2023	2,063,599	$ 651	1,050,191	(131,718)	1,144,624	450	$ (599)	26,655	2,090,254
Balance (in shares) at Jun. 30, 2023		65,071,000					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	48,001				48,001			4,420	52,421
Other comprehensive income	2,334			2,334					2,334
Stock-based compensation expense	5,665		5,665						5,665
Common stock issued to board members	242		242						242
Common stock issued to board members (in shares)		8,000
Issuance of common stock related to share-based awards, net	(2,769)	$ 4	(2,773)						(2,769)
Issuance of common stock related to share-based awards, net (in shares)		432,000
Repurchases of common stock	(19,864)	$ (6)	(10,273)		(9,585)				$ (19,864)
Repurchases of common stock (in shares)		(640,000)							(640,042)
Dividends on common stock	(22,171)				(22,171)				$ (22,171)
Deferred compensation plan	64					(227)	$ 291		64
Deferred compensation plan (in shares)							(10,000)
Net cash contributed to noncontrolling interest								(3,640)	(3,640)
Balance at Jun. 30, 2024	2,134,469	$ 650	1,047,523	(119,171)	1,205,467	1	$ (1)	28,142	2,162,611
Balance (in shares) at Jun. 30, 2024		64,953,000
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
Increase (Decrease) in Stockholders' Equity
Net income	20,333				20,333			2,566	22,899
Other comprehensive income	435			435					435
Stock-based compensation expense	2,725		2,725						2,725
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	(18)		(18)						(18)
Issuance of common stock related to share-based awards, net (in shares)		2,000
Repurchases of common stock	(9,923)	$ (3)	(5,136)		(4,784)				(9,923)
Repurchases of common stock (in shares)		(320,000)
Dividends on common stock	(11,095)				(11,095)				(11,095)
Deferred compensation plan	27					(114)	$ 141		27
Deferred compensation plan (in shares)							(5,000)
Net cash contributed to noncontrolling interest								(1,990)	(1,990)
Balance at Jun. 30, 2024	$ 2,134,469	$ 650	$ 1,047,523	$ (119,171)	$ 1,205,467	$ 1	$ (1)	$ 28,142	$ 2,162,611
Balance (in shares) at Jun. 30, 2024		64,953,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.17	$ 0.16	$ 0.34	$ 0.32

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income	$ 52,421	$ 47,706
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	8,063	17,167
Depreciation, amortization and accretion, net	9,337	10,233
Equity in undistributed earnings of merchant banking subsidiaries	(5,497)	(4,115)
Deferred income taxes	(12,245)	4,684
Other, net	475	10,070
Net change in securities purchased under agreements to resell	(31,903)	(25,912)
Net change in trading securities	(205,393)	58,383
Net change in broker-dealer and clearing organization receivables	272,512	(364,344)
Net change in other assets	(7,761)	(40,135)
Net change in broker-dealer and clearing organization payables	(159,361)	326,331
Net change in other liabilities	(45,746)	(28,213)
Net change in securities sold, not yet purchased	40,674	21,738
Proceeds from sale of mortgage servicing rights asset	45,129	19,055
Change in valuation of mortgage servicing rights asset	4,720	6,769
Net gains from sales of loans	(98,652)	(88,501)
Loans originated for sale	(4,642,556)	(4,843,504)
Proceeds from loans sold	4,411,324	4,548,967
Net cash used in operating activities	(364,459)	(323,621)
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	38,011	31,043
Proceeds from sales, maturities and principal reductions of securities available for sale	94,697	150,389
Proceeds from sales, maturities and principal reductions of equity securities	10,339
Purchases of securities available for sale	(24,039)	(19,997)
Net change in loans held for investment	(122,314)	(334,149)
Purchases of premises and equipment and other assets	(4,389)	(3,594)
Proceeds from sales of premises and equipment, other real estate owned, and other assets	7,102	1,985
Proceeds from sale of loans held for sale transferred from loans held for investment	30,103
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock	(13)	(18,395)
Net cash provided by (used in) investing activities	29,497	(192,718)
Financing Activities
Net change in deposits	(675,483)	(137,727)
Net change in short-term borrowings	(2,395)	658,148
Proceeds from notes payable		322,215
Payments on notes payable		(304,580)
Payments to repurchase common stock	(19,864)	(4,503)
Dividends paid on common stock	(22,171)	(20,761)
Net cash distributed to noncontrolling interest	(3,640)	(3,723)
Other, net	(3,234)	(4,559)
Net cash provided by (used in) financing activities	(726,787)	504,510
Net change in cash, cash equivalents and restricted cash	(1,061,749)	(11,829)
Cash, cash equivalents and restricted cash, beginning of period	1,916,745	1,647,899
Cash, cash equivalents and restricted cash, end of period	854,996	1,636,070
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	216,191	160,333
Cash paid for income taxes, net of refunds	10,506	14,767
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	2,871	3,142
Additions to mortgage servicing rights	$ 6,089	$ 20,100

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 798,300	$ 1,858,700	$ 1,584,709
Federal funds sold	5,650	650	650
Assets segregated for regulatory purposes	51,046	57,395	50,711
Total cash, cash equivalents and restricted cash	$ 854,996	$ 1,916,745	$ 1,636,070	$ 1,647,899

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	6 Months Ended
Summary of Significant Accounting and Reporting Policies	Jun. 30, 2024
Summary of Significant Accounting and Reporting Policies
Summary of Significant Accounting and Reporting Policies	Hilltop Holdings Inc. and Subsidiaries Notes to Consolidated Financial Statements (Unaudited) 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 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. Revision of Previously Issued Financial Statements During the second quarter of 2024, the Company identified an immaterial error related to the classification within noninterest income associated with the allocation of earned revenue between commission and principal gains on certain principal trades of fixed income securities. As a result, certain prior period amounts have been corrected for consistency with the current period presentation. The Company assessed the materiality of this error and change in presentation on prior period consolidated financial statements in accordance with the SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in the Current Year Financial Statements.” Based on this assessment, the Company concluded that previously issued financial statements were not materially misstated based upon overall considerations of both quantitative and qualitative factors. The revisions had no impact on the Consolidated Balance Sheets, Consolidated Statements of Cash Flows, Consolidated Statements of Comprehensive Income or Consolidated Statements of Changes in Stockholders’ Equity within these financial statements, or within previously filed financial statements. Further, the revisions did not result in a change in quarterly or year-to-date net income, basic or diluted earnings per share, or regulatory capital ratios. Accordingly, the Company corrected the immaterial error for the previously reported three and six months ended June 30, 2023 in this Quarterly Report on Form 10-Q. The following table presents the impact of the revisions of the previously filed financial statements for the three and six months ended June 30, 2023 to correct for prior period immaterial errors (in thousands). Three months ended June 30, 2023 Six months ended June 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 29,606 $ (5,251) $ 24,355 $ 60,829 $ (10,541) $ 50,288 Other 39,034 5,251 44,285 74,714 10,541 85,255 The following tables present line items for prior period impacts to the Company’s Consolidated Statements of Operations that have been affected by the immaterial error discussed above and will be revised in conjunction with future filings (in thousands). Three months ended March 31, 2024 Three months ended March 31, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 35,557 $ (5,184) $ 30,373 $ 31,223 $ (5,290) $ 25,933 Other 49,200 5,184 54,384 35,680 5,290 40,970 Three months ended September 30, 2023 Nine months ended September 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 28,044 $ (5,180) $ 22,864 $ 88,873 $ (15,721) $ 73,152 Other 40,403 5,180 45,583 115,117 15,721 130,838 Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 121,875 $ (21,343) $ 100,532 $ 139,122 $ (23,941) $ 115,181 $ 143,827 $ (36,412) $ 107,415 Other 156,082 21,343 177,425 113,957 23,941 137,898 128,034 36,412 164,446 The following table presents line items for prior period impacts to the components of other noninterest income as included in the Company’s Notes to Consolidated Financial Statements that have been affected by the immaterial error discussed above (in thousands). Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Other noninterest income: Net gains from Hilltop Broker-Dealer structured product and derivative activities $ 42,284 $ 1,844 $ 44,128 $ 37,407 $ 3,911 $ 41,318 $ 48,816 $ 5,908 $ 54,724 Net gain from trading securities portfolio 54,750 19,499 74,249 23,666 20,030 43,696 26,353 30,504 56,857

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
Recently Issued Accounting Standards	Jun. 30, 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 does not expect that the adoption of the provisions of the amendments to have an impact on its financial condition or results of operations. The Company expects to adopt this guidance beginning with the Annual Report on Form 10-K for the year ending December 31, 2024. 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 which are not expected to have an impact on its financial condition or results of operations. The Company expects to adopt this guidance in its Annual Report on Form 10-K for the year ending December 31, 2025. 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	6 Months Ended
Fair Value Measurements	Jun. 30, 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 June 30, 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 $1.14 billion and $822.2 million, respectively, and the unpaid principal balance of those loans was $1.12 billion 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 June 30, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 5,575 $ 715,809 $ — $ 721,384 Available for sale securities — 1,411,962 21,145 1,433,107 Equity securities 254 — — 254 Loans held for sale — 1,082,381 56,168 1,138,549 Derivative assets — 72,671 — 72,671 MSR asset — — 52,902 52,902 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 61,230 14,316 — 75,546 Derivative liabilities — 10,696 — 10,696 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 June 30, 2024 Available for sale securities $ 20,814 $ — $ — $ — $ 616 $ (285) $ 21,145 Loans held for sale 51,795 20,765 (11,109) — (5,283) — 56,168 Loans held for investment 11,211 — (11,352) — 141 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 95,591 2,778 (45,129) — (338) — 52,902 Equity investment 19,540 — — — — — 19,540 Total $ 199,771 $ 23,543 $ (70,188) $ — $ (3,086) $ (285) $ 149,755 Six months ended June 30, 2024 Available for sale securities $ 24,418 $ — $ (4,702) $ — $ 1,251 $ 178 $ 21,145 Loans held for sale 38,036 46,107 (17,185) — (10,790) — 56,168 Loans held for investment 10,858 — (11,352) — 494 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 96,662 6,089 (45,129) — (4,720) — 52,902 Equity investment 19,540 — — — — — 19,540 Total $ 190,334 $ 52,196 $ (80,966) $ — $ (11,987) $ 178 $ 149,755 Three months ended June 30, 2023 Loans held for sale $ 33,993 $ 20,712 $ (7,275) $ — $ (6,138) $ — $ 41,292 Loans held for investment 9,437 — — — 277 — 9,714 MSR asset 103,314 6,890 (19,055) — 3,952 — 95,101 Total $ 146,744 $ 27,602 $ (26,330) $ — $ (1,909) $ — $ 146,107 Six months ended June 30, 2023 Loans held for sale $ 40,707 $ 37,508 $ (30,729) $ (446) $ (5,748) $ — $ 41,292 Loans held for investment 9,181 — — — 533 — 9,714 MSR asset 100,825 20,100 (19,055) — (6,769) — 95,101 Total $ 150,713 $ 57,608 $ (49,784) $ (446) $ (11,984) $ — $ 146,107 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 June 30, 2024. For material Level 3 financial instruments measured at fair value on a recurring basis at June 30, 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 June 30, 2024 December 31, 2023 Available for sale securities $ 21,145 Discounted cash flow Discount rate 14.25 - 15.75 % 14.25 - 15.50 % Loans held for sale 56,168 Market comparable Projected price 78 - 90 % ( 89 %) 78 - 92 % ( 90 %) Loans held for investment - Discounted cash flow Discount rate 10.00 % Derivative assets - Discounted cash flow Discount rate 15.00 % MSR asset 52,902 Discounted cash flow Constant prepayment rate 8.69 % 8.65 % Discount rate 13.93 % 11.67 % Equity investments 19,540 Recent transaction Recent transaction The fair value of certain available for sale securities, and loans held for investment prior to the sale of such instrument during the second quarter of 2024, held 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 held by the Company’s merchant bank subsidiary were measured using Level 3 inputs based upon estimates of expected cash flows using unobservable inputs, including management’s knowledge of underlying collateral prior to the sale of such instruments during the second quarter of 2024. 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 held 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 June 30, 2024 Three Months Ended June 30, 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 $ 8,193 $ — $ 8,193 $ (12,366) $ — $ (12,366) Loans held for investment — — — — — — MSR asset (338) — (338) 3,952 — 3,952 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Net Other Total Net Other Total Gains Noninterest Changes in Gains Noninterest Changes in (Losses) Income Fair Value (Losses) Income Fair Value Loans held for sale $ (3,123) $ — $ (3,123) $ (2,233) $ — $ (2,233) Loans held for investment 94 — 94 — — — MSR asset (4,720) — (4,720) (6,769) — (6,769) 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 June 30, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 803,950 $ 803,950 $ — $ — $ 803,950 Assets segregated for regulatory purposes 51,046 51,046 — — 51,046 Securities purchased under agreements to resell 111,914 — 111,914 — 111,914 Held to maturity securities 777,456 — 687,194 — 687,194 Loans held for sale 125,888 — 103,401 23,162 126,563 Loans held for investment, net 8,058,438 — 348,415 7,785,919 8,134,334 Broker-dealer and clearing organization receivables 1,297,175 — 1,297,175 — 1,297,175 Other assets 72,201 — 72,201 — 72,201 Financial liabilities: Deposits 10,373,856 — 10,371,076 — 10,371,076 Broker-dealer and clearing organization payables 1,285,226 — 1,285,226 — 1,285,226 Short-term borrowings 897,613 — 897,613 — 897,613 Debt 347,402 — 329,576 — 329,576 Other liabilities 17,605 — 17,605 — 17,605 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 $36.5 million and $59.2 million at June 30, 2024 and December 31, 2023, respectively, which are included within other assets in the consolidated balance sheets. Of the $36.5 million of such equity investments held at June 30, 2024, $6.5 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 6,608 $ 22,507 $ 6,608 $ 27,264 Upward adjustments — 182 — 425 Impairments and downward adjustments (59) (35) (59) (5,035) Balance, end of period $ 6,549 $ 22,654 $ 6,549 $ 22,654

Securities

Securities	6 Months Ended
Securities	Jun. 30, 2024
Securities
Securities	4. Securities The fair value of trading securities is summarized as follows (in thousands). June 30, December 31, 2024 2023 U.S. Treasury securities $ 253 $ 3,736 U.S. government agencies: Bonds 6,755 12,867 Residential mortgage-backed securities 117,113 124,768 Collateralized mortgage obligations 192,779 86,281 Other 9,955 13,079 Corporate debt securities 64,768 37,569 States and political subdivisions 249,933 180,890 Private-label securitized product 69,401 47,768 Other 10,427 9,033 Totals $ 721,384 $ 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 $75.5 million and $34.9 million at June 30, 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 June 30, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,988 $ — $ (351) $ 4,637 U.S. government agencies: Bonds 148,499 167 (527) 148,139 Residential mortgage-backed securities 373,582 50 (41,863) 331,769 Commercial mortgage-backed securities 196,419 153 (6,339) 190,233 Collateralized mortgage obligations 763,075 249 (59,858) 703,466 Corporate debt securities 22,467 — (1,322) 21,145 States and political subdivisions 36,936 15 (3,233) 33,718 Totals $ 1,545,966 $ 634 $ (113,493) $ 1,433,107 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 June 30, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 267,450 $ — $ (29,466) $ 237,984 Commercial mortgage-backed securities 162,032 — (13,438) 148,594 Collateralized mortgage obligations 270,876 — (40,151) 230,725 States and political subdivisions 77,098 46 (7,253) 69,891 Totals $ 777,456 $ 46 $ (90,308) $ 687,194 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 $0.2 million and $0.3 million at June 30, 2024 and December 31, 2023, respectively, from equity securities with fair values of $0.3 million and $0.3 million held at June 30, 2024 and December 31, 2023, respectively. The Company recognized net losses of $0.1 million and net gains of $0.1 million during the three months ended June 30, 2024 and 2023, respectively, and recognized net losses of $0.1 million and net gains of $0.1 million during the six months ended June 30, 2024 and 2023, respectively, due to changes in the fair value of equity securities still held at the balance sheet date. During the three and six months ended June 30, 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). June 30, 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 4,637 351 1 4,617 368 1 4,637 351 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months 4 28,711 125 4 28,988 103 Unrealized loss for twelve months or longer 18 95,733 402 20 112,502 708 22 124,444 527 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 15 15,662 896 14 8,989 616 Unrealized loss for twelve months or longer 108 307,591 40,967 109 338,769 38,699 123 323,253 41,863 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months 2 9,111 113 2 10,413 282 Unrealized loss for twelve months or longer 19 192,721 6,226 18 162,470 8,676 21 201,832 6,339 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 2 10,102 138 2 11,560 22 Unrealized loss for twelve months or longer 135 671,271 59,720 138 709,571 61,665 137 681,373 59,858 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 2 22,467 1,322 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 2 22,467 1,322 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months 7 2,927 52 10 7,023 55 Unrealized loss for twelve months or longer 57 26,366 3,181 50 20,857 2,640 64 29,293 3,233 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 32 88,980 2,646 34 80,456 2,579 Unrealized loss for twelve months or longer 338 1,298,319 110,847 336 1,348,786 112,756 370 $ 1,387,299 $ 113,493 370 $ 1,429,242 $ 115,335 June 30, 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 45 267,450 29,466 44 278,172 25,765 45 267,450 29,466 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 28 148,595 13,438 31 160,208 12,670 28 148,595 13,438 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 230,725 40,151 54 247,019 37,189 54 230,725 40,151 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 16 9,679 272 39 15,506 479 Unrealized loss for twelve months or longer 161 56,972 6,981 128 45,208 4,865 177 66,651 7,253 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 16 9,679 272 39 15,506 479 Unrealized loss for twelve months or longer 288 703,742 90,036 257 730,607 80,489 304 $ 713,421 $ 90,308 296 $ 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 June 30, 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 $ 27,823 $ 27,743 $ — $ — Due after one year through five years 78,045 76,073 3,235 3,026 Due after five years through ten years 56,912 56,466 39,274 36,043 Due after ten years 50,110 47,357 34,589 30,822 212,890 207,639 77,098 69,891 Residential mortgage-backed securities 373,582 331,769 267,450 237,984 Commercial mortgage-backed securities 196,419 190,233 162,032 148,594 Collateralized mortgage obligations 763,075 703,466 270,876 230,725 $ 1,545,966 $ 1,433,107 $ 777,456 $ 687,194 The Company recognized net gains of $12.4 million and $14.1 million from its trading portfolio during the three months ended June 30, 2024 and 2023, respectively, and net gains of $20.1 million and $29.5 million during the six months ended June 30, 2024 and 2023, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $8.1 million and $11.7 million during the three months ended June 30, 2024 and 2023, respectively, and net gains from structured product trading activities of $40.8 million and $44.7 million during the six months ended June 30, 2024 and 2023, respectively. The Company had no other realized gains and losses on securities during the three and six months ended June 30, 2024 and nominal other realized losses on securities during the three and six months ended June 30, 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 $597.5 million and $537.2 million (with a fair value of $544.7 million and $503.1 million, respectively) at June 30, 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 June 30, 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	6 Months Ended
Loans Held for Investment	Jun. 30, 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). June 30, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 2,001,338 $ 1,889,882 Owner occupied 1,475,218 1,422,234 Commercial and industrial 1,687,502 1,607,833 Construction and land development 858,185 1,031,095 1-4 family residential 1,775,571 1,757,178 Consumer 27,291 27,351 Broker-dealer (1) 348,415 344,172 8,173,520 8,079,745 Allowance for credit losses (115,082) (111,413) Total loans held for investment, net of allowance $ 8,058,438 $ 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 June 30, 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 $ 559 $ — $ 797 $ 1,356 $ 1,999,982 $ 2,001,338 $ — Owner occupied — 5,218 9 5,227 1,469,991 1,475,218 — Commercial and industrial 7,174 3 1,004 8,181 1,679,321 1,687,502 27 Construction and land development 2,062 192 277 2,531 855,654 858,185 — 1-4 family residential 3,049 1,568 2,206 6,823 1,768,748 1,775,571 829 Consumer 84 15 1 100 27,191 27,291 — Broker-dealer — — — — 348,415 348,415 — $ 12,928 $ 6,996 $ 4,294 $ 24,218 $ 8,149,302 $ 8,173,520 $ 856 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 $121.6 million and $115.1 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $122.3 million and $115.7 million, respectively) that were 90 days past due and accruing interest at June 30, 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 June 30, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended June 30, Six Months Ended June 30, Allowance Allowance Total Allowance Allowance Total 2024 2023 2024 2023 Commercial real estate: Non-owner occupied $ 414 $ 6,480 $ 6,894 $ 33,728 $ 2,712 $ 36,440 $ 317 $ 58 $ 1,511 $ 181 Owner occupied 4,601 1,836 6,437 4,630 468 5,098 670 261 763 324 Commercial and industrial 47,009 33,746 80,755 5,216 4,286 9,502 461 138 563 269 Construction and land development 287 — 287 533 2,749 3,282 20 29 62 36 1-4 family residential 515 6,716 7,231 726 9,283 10,009 579 379 1,072 835 Consumer 1 — 1 6 — 6 — — — — Broker-dealer — — — — — — — — — — $ 52,827 $ 48,778 $ 101,605 $ 44,839 $ 19,498 $ 64,337 $ 2,047 $ 865 $ 3,971 $ 1,645 At June 30, 2024 and December 31, 2023, $4.1 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 increased from December 31, 2023 to June 30, 2024 by $37.3 million. The change in non-accrual loans was primarily due to increases in commercial and industrial loans of $71.3 million, partially offset by decreases in commercial real estate non-owner occupied loans of $29.5 million, construction and land development loans of $3.0 million and 1-4 family residential loans of $2.8 million. The increase in commercial and industrial loans in non-accrual status since December 31, 2023 was primarily due to the addition of loans with an aggregate loan balance of $77.1 million, partially offset by principal payoffs. Of the $77.1 million increase in commercial and industrial loans in non-accrual status, $65.3 million was due to the addition of two credit relationships from the auto note financing industry subsector. The decrease in commercial real estate non-owner occupied loans in non-accrual status since December 31, 2023 was primarily due to the reclassification of a single non-accrual loan from loans held for investment during the first quarter of 2024. This loan was subsequently sold in the second quarter of 2024. The decrease in construction and land development loans in non-accrual status was primarily due to the payoffs of two relationships with an aggregate loan balance of $2.9 million since December 31, 2023. The decrease in 1-4 family residential loans in non-accrual status since December 31, 2023 was primarily due to 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 Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended June 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ — — % Owner occupied — 126 — — — 0.0 % Commercial and industrial — 13,166 — — 481 0.8 % Construction and land development — — — — — — % 1-4 family residential — 479 — — — 0.0 % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 13,771 $ — $ — $ 481 0.2 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Six Months Ended June 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ — — % Owner occupied — 522 — 3,882 — 0.3 % Commercial and industrial — 13,525 — 155 481 0.8 % Construction and land development — 11 — 1,752 — 0.2 % 1-4 family residential — 479 — — — 0.0 % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 14,537 $ — $ 5,789 $ 481 0.3 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended June 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 9,088 $ — $ — $ — 0.5 % Owner occupied — — — — — — % Commercial and industrial — 10,059 — — — 0.6 % Construction and land development — 308 — — — 0.0 % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 19,455 $ — $ — $ — 0.2 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Six Months Ended June 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 43,538 $ — $ — $ — 2.3 % Owner occupied — 2,214 — — — 0.2 % Commercial and industrial — 11,383 — 2,960 — 0.8 % Construction and land development — 308 — — — 0.0 % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 57,443 $ — $ 2,960 $ — 0.7 % 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 June 30, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 371 Owner occupied — 3,882 9 3,891 4,017 Commercial and industrial 1,543 — — 1,543 5,762 Construction and land development — — — — 11 1-4 family residential — — — — 28 Consumer — — — — — Broker-dealer — — — — — Total $ 1,543 $ 3,882 $ 9 $ 5,434 $ 10,189 The following tables present the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty during the periods presented (in thousands). Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Weighted-Average Weighted-Average Weighted-Average Weighted-Average Interest Rate Term Extension Interest Rate Term Extension Reduction (in months) Reduction (in months) Commercial real estate: Non-owner occupied — % — — % — Owner occupied — % 23 — % 16 Commercial and industrial 0.5 % 12 0.5 % 12 Construction and land development — % — — % 15 1-4 family residential — % 8 — % 8 Consumer — % — — % — Broker-dealer — % — — % — Total 0.5 % 12 0.5 % 12 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Weighted-Average Weighted-Average Weighted-Average Weighted-Average Interest Rate Term Extension Interest Rate Term Extension Reduction (in months) Reduction (in months) Commercial real estate: Non-owner occupied — % 17 — % 25 Owner occupied — % — — % 35 Commercial and industrial — % 8 — % 8 Construction and land development — % 9 — % 9 1-4 family residential — % — — % — Consumer — % — — % — Broker-dealer — % — — % — Total — % 12 — % 22 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 June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Total Commercial real estate: non-owner occupied Internal Grade 1-3 (Pass low risk) $ 5,068 $ 5,022 $ 45,182 $ 84,375 $ 3,599 $ 4,764 $ (1) $ — $ 148,009 Internal Grade 4-7 (Pass normal risk) 88,007 192,393 275,740 312,086 115,851 104,536 19,823 16,622 1,125,058 Internal Grade 8-11 (Pass high risk and watch) 36,862 125,780 201,935 61,535 107,711 75,896 22,460 1,381 633,560 Internal Grade 12 (Special mention) — — 15,497 5,188 3,709 25,470 — — 49,864 Internal Grade 13 (Substandard accrual) 541 1,893 7,624 26,202 — 1,692 — — 37,952 Internal Grade 14 (Substandard non-accrual) — 4,194 1,377 — — 1,323 — — 6,894 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 19,566 $ 60,222 $ 21,117 $ 41,285 $ 42,852 $ 57,287 $ 5,787 $ 13,136 $ 261,252 Internal Grade 4-7 (Pass normal risk) 51,120 93,884 175,706 196,299 55,985 152,195 19,056 9,187 753,432 Internal Grade 8-11 (Pass high risk and watch) 26,884 63,502 87,602 68,659 78,373 80,713 5,277 514 411,524 Internal Grade 12 (Special mention) — — 354 — 1,204 — — — 1,558 Internal Grade 13 (Substandard accrual) 395 2,068 7,416 8,719 6,268 16,149 — — 41,015 Internal Grade 14 (Substandard non-accrual) 4,008 9 1,322 628 — 470 — — 6,437 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 2,698 $ 18,567 $ 16,255 $ 34,098 $ 9,704 $ 15,667 $ 25,966 $ — $ 122,955 Internal Grade 4-7 (Pass normal risk) 56,009 40,174 46,905 61,019 16,721 12,106 329,941 2,825 565,700 Internal Grade 8-11 (Pass high risk and watch) 101,168 74,162 77,908 75,149 18,336 9,152 249,683 2,641 608,199 Internal Grade 12 (Special mention) — — — — — 337 1,200 — 1,537 Internal Grade 13 (Substandard accrual) 7,338 5,613 2,569 2,024 1,144 968 9,571 1,171 30,398 Internal Grade 14 (Substandard non-accrual) 10,943 9,001 9,570 4,507 294 876 849 44,715 80,755 Current period gross charge-offs 29 200 385 104 312 1,458 837 273 3,598 Construction and land development Internal Grade 1-3 (Pass low risk) $ 3,457 $ 35 $ 2,795 $ 879 $ — $ 241 $ — $ — $ 7,407 Internal Grade 4-7 (Pass normal risk) 83,339 146,121 143,057 62,616 6,486 2,807 7,978 — 452,404 Internal Grade 8-11 (Pass high risk and watch) 137,875 145,203 41,070 29,003 2,839 2,471 14,745 — 373,206 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) 1,138 3,145 159 109 — — — — 4,551 Internal Grade 14 (Substandard non-accrual) — 287 — — — — — — 287 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 124 3,887 — — — 853 — — 4,864 FICO greater than 720 2,056 13,152 — 119 49 — — — 15,376 Substandard non-accrual — — — — — — — — — Other (1) 90 — — — — — — — 90 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ 164 $ 632 $ 1,427 $ 481 $ 740 $ 21,965 $ 215 $ — $ 25,624 FICO between 620 and 720 9,885 11,621 15,445 9,270 4,256 28,299 875 185 79,836 FICO greater than 720 83,934 148,373 511,329 692,989 82,936 79,700 3,933 735 1,603,929 Substandard non-accrual 29 — — — — 7,202 — — 7,231 Other (1) 14,593 19,533 14,269 3,415 1,354 4,500 1,287 — 58,951 Current period gross charge-offs — — — — — 1 — — 1 Consumer FICO less than 620 $ 643 $ 278 $ 288 $ 30 $ 58 $ 6 $ 357 $ 8 $ 1,668 FICO between 620 and 720 2,259 1,987 917 321 179 49 1,984 36 7,732 FICO greater than 720 1,675 2,798 1,707 634 233 7 2,801 1 9,856 Substandard non-accrual — — — — — 1 — — 1 Other (1) 4,949 1,805 857 135 17 12 259 — 8,034 Current period gross charge-offs 57 79 — — — 2 7 1 146 Total loans with credit quality measures $ 756,817 $ 1,195,341 $ 1,727,399 $ 1,781,774 $ 560,898 $ 707,714 $ 724,046 $ 93,157 $ 7,547,146 Commercial and industrial (mortgage warehouse lending) $ 277,959 Broker-dealer (margin loans and correspondent receivables) $ 348,415 Total loans held for investment $ 8,173,520 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
Allowance for Credit Losses	Jun. 30, 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 June 30, 2024. In addition, as of June 30, 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 June 30, 2024. While the Company believes it has an appropriate allowance for the existing loan portfolio at June 30, 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 the Company’s best estimate of expected credit losses as of June 30, 2024, the Company utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in June 2024 that was updated to reflect the U.S. economic outlook. This alternative economic scenario expects inflation to accelerate back to more than 3% annualized. 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 early 2025 and to fall into recession in the second quarter of 2025. Significant variables that impact the modeled losses across the Company’s 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 and six months ended June 30, 2023, the provision for credit losses reflected a significant build in the allowance related to loan portfolio changes since the prior quarter and a deteriorating outlook for commercial real estate markets. The net impact to the allowance of changes associated with collectively evaluated loans during the three and six months ended June 30, 2023 included a provision for credit losses on collectively evaluated loans at the Bank of $12.9 million and $14.5 million, respectively, while the net impact to the allowance of changes associated with individually evaluated loans during the three and six months ended June 30, 2023 included a provision for credit losses of $1.9 million and $2.7 million, respectively. 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 and six months ended June 30, 2023 were also impacted by net charge-offs of $2.9 million and $3.3 million, respectively. During the three and six months ended June 30, 2024, the provision for credit losses reflected a build in the allowance related to specific reserves and loan portfolio changes within the banking segment since the prior quarter, slightly offset by improvements to the U.S. economic outlook. Specific to the Bank, the net impact to the allowance of changes associated with individually evaluated loans during the three and six months ended June 30, 2024 included a provision for credit losses of $8.0 million and $12.1 million, respectively, while the net impact to the allowance of changes associated with collectively evaluated loans during the three and six months ended June 30, 2024 included a provision for credit losses of $3.0 million and a reversal of credit losses of $4.0 million, respectively. 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 and six months ended June 30, 2024 were also impacted by net charge-offs of $0.1 million and $4.4 million, respectively. 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 June 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,563 $ (2,242) $ — $ — $ 37,321 Owner occupied 28,737 4,029 — 6 32,772 Commercial and industrial 16,552 12,480 (615) 452 28,869 Construction and land development 10,008 (2,415) — 1 7,594 1-4 family residential 8,744 (924) (1) 93 7,912 Consumer 544 22 (65) 46 547 Broker-dealer 83 (16) — — 67 Total $ 104,231 $ 10,934 $ (681) $ 598 $ 115,082 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Six Months Ended June 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ (1,093) $ (1,647) $ — $ 37,321 Owner occupied 28,114 4,643 — 15 32,772 Commercial and industrial 20,926 10,747 (3,598) 794 28,869 Construction and land development 12,102 (4,510) — 2 7,594 1-4 family residential 9,461 (1,652) (1) 104 7,912 Consumer 648 (38) (146) 83 547 Broker-dealer 101 (34) — — 67 Total $ 111,413 $ 8,063 $ (5,392) $ 998 $ 115,082 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended June 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 38,667 $ 4,906 $ — $ 9 $ 43,582 Owner occupied 22,854 5,015 — 11 27,880 Commercial and industrial 16,615 3,632 (3,020) 88 17,315 Construction and land development 5,999 1,396 — — 7,395 1-4 family residential 11,691 (108) — 35 11,618 Consumer 563 59 (53) 46 615 Broker-dealer 965 (64) — — 901 Total $ 97,354 $ 14,836 $ (3,073) $ 189 $ 109,306 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Six Months Ended June 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ 4,326 $ — $ 9 $ 43,582 Owner occupied 24,008 4,827 (977) 22 27,880 Commercial and industrial 16,035 3,579 (3,079) 780 17,315 Construction and land development 6,051 1,344 — — 7,395 1-4 family residential 9,313 2,326 (73) 52 11,618 Consumer 554 98 (122) 85 615 Broker-dealer 234 667 — — 901 Total $ 95,442 $ 17,167 $ (4,251) $ 948 $ 109,306 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 8,296 $ 6,805 $ 8,876 $ 7,784 Other noninterest expense 289 1,187 (291) 208 Balance, end of period $ 8,585 $ 7,992 $ 8,585 $ 7,992 The increases in the reserve for unfunded commitments during the three and six months ended June 30, 2023 were primarily due to increases in expected loss rates. During the three months ended June 30, 2024, the increase in the reserve for unfunded commitments was primarily due to an increase in expected loss rates, while the decrease in the reserve for unfunded commitments during the six months ended June 30, 2024 was primarily due to decreases in commitment balances.

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
Mortgage Servicing Rights	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 95,591 $ 103,314 $ 96,662 $ 100,825 Additions 2,778 6,890 6,089 20,100 Sales (45,129) (19,055) (45,129) (19,055) Changes in fair value: Due to changes in model inputs or assumptions (1) 986 5,326 (2,008) (4,539) Due to customer payoffs (1,324) (1,374) (2,712) (2,230) Balance, end of period $ 52,902 $ 95,101 $ 52,902 $ 95,101 June 30, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 2,453,258 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 2.16 % 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. (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. June 30, December 31, 2024 2023 Weighted average constant prepayment rate 8.69 % 8.65 % Weighted average discount rate 13.93 % 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). June 30, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,782) $ (3,511) Impact of 20% adverse change (3,459) (6,796) Discount rate: Impact of 10% adverse change (2,741) (4,474) Impact of 20% adverse change (5,206) (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 $8.4 million and $8.3 million during the three months ended June 30, 2024 and 2023, respectively, and $16.7 million and $15.6 million during the six months ended June 30, 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	6 Months Ended
Deposits	Jun. 30, 2024
Deposits.
Deposits	8. Deposits Deposits are summarized as follows (in thousands). June 30, December 31, 2024 2023 Noninterest-bearing demand $ 2,845,441 $ 3,007,101 Interest-bearing: Demand accounts 3,932,560 4,496,682 Brokered - demand 4,725 156,692 Money market 2,145,639 1,869,809 Brokered - money market 10,375 8,828 Savings 232,048 259,745 Time 1,203,068 1,221,935 Brokered - time — 42,400 $ 10,373,856 $ 11,063,192 At June 30, 2024, remaining maturities of estimated uninsured time deposits greater than $250,000 were $554.5 million.

Short-term Borrowings

Short-term Borrowings	6 Months Ended
Short-term Borrowings	Jun. 30, 2024
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings Short-term borrowings are summarized as follows (in thousands). June 30, December 31, 2024 2023 Federal funds purchased $ 417,508 $ 459,658 Securities sold under agreements to repurchase 255,861 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 224,244 200,330 $ 897,613 $ 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). Six Months Ended June 30, 2024 2023 Average balance during the period $ 729,891 $ 768,514 Average interest rate during the period 5.50 % 5.16 % June 30, December 31, 2024 2023 Average interest rate at end of period 5.61 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 255,160 $ 239,103 Estimated fair value $ 280,111 $ 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). Six Months Ended June 30, 2024 2023 Average balance during the period $ — $ 252,901 Average interest rate during the period 5.71 % 5.05 % 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 June 30, 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 June 30, 2024, the weighted average maturity of the CP Notes was 148 days at a rate of 6.13%, with a weighted average remaining life of 68 days. At June 30, 2024, the aggregate amount outstanding under these secured arrangements was $224.2 million, which was collateralized by securities held for Hilltop Securities accounts valued at $249.8 million.

Notes Payable

Notes Payable	6 Months Ended
Notes Payable	Jun. 30, 2024
Notes Payable.
Notes Payable	10. Notes Payable Notes payable consisted of the following (in thousands). June 30, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $400 and $502, respectively $ 149,600 $ 149,498 Subordinated Notes due May 2030, net of discount of $458 and $511, respectively 49,542 49,489 Subordinated Notes due May 2035, net of discount of $1,740 and $1,842, respectively 148,260 148,158 $ 347,402 $ 347,145

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2024
Leases
Leases	11. Leases Supplemental balance sheet information related to finance leases is as follows (in thousands). June 30, December 31, 2024 2023 Finance leases: Premises and equipment $ 7,780 $ 7,780 Accumulated depreciation (6,832) (6,537) Premises and equipment, net $ 948 $ 1,243 The components of lease costs, including short-term lease costs, are as follows (in thousands). Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease cost $ 8,423 $ 9,015 $ 16,984 $ 17,744 Less operating lease and sublease income (670) (678) (1,351) (1,311) Net operating lease cost $ 7,753 $ 8,337 $ 15,633 $ 16,433 Finance lease cost: Amortization of ROU assets $ 147 $ 147 $ 295 $ 295 Interest on lease liabilities 90 108 185 220 Total finance lease cost $ 237 $ 255 $ 480 $ 515 Supplemental cash flow information related to leases is as follows (in thousands). Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 17,262 $ 19,150 Operating cash flows from finance leases 188 222 Financing cash flows from finance leases 462 409 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 18,307 $ 9,559 Finance leases — — Information regarding the lease terms and discount rates of the Company’s leases is as follows. June 30, 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 5.5 5.45 % 5.3 4.59 % Finance 3.0 5.06 % 3.3 4.98 % Future minimum lease payments under lease agreements as of June 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 15,489 $ 512 2025 28,768 886 2026 23,047 813 2027 18,238 448 2028 13,997 149 Thereafter 32,094 — Total minimum lease payments 131,633 2,808 Less amount representing interest (18,537) (725) Lease liabilities $ 113,096 $ 2,083 As of June 30, 2024, the Company had an additional operating lease that has not yet commenced with aggregate future minimum lease payments of a nominal amount. This operating lease commenced in July 2024 with a lease term of one year.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 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 26.4% for the three months ended June 30, 2024 and 2023, respectively, and 22.5% and 18.5% for the six months ended June 30, 2024 and 2023, respectively. The effective tax rate during the three months ended June 30, 2023 was higher than the applicable statutory rate primarily due to the booking of additional taxes from a change in the source of funding for an acquired nonqualified, deferred compensation plan. During the six months ended June 30, 2023, the effective tax rate 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 and the increase in taxes noted above

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 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 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 issued grand jury subpoenas to PrimeLending and PlainsCapital Bank for additional materials regarding this matter. PrimeLending and PlainsCapital Bank will continue to 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 June 30, 2024 and December 31, 2023, the mortgage origination segment’s indemnification liability reserve totaled $9.1 million and $11.7 million, respectively. The provision for indemnification losses was $0.8 million and $0.5 million during the three months ended June 30, 2024 and 2023, respectively, and $1.1 million and $0.8 million during the six months ended June 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 23,479 $ 27,197 $ 26,909 $ 31,244 Claims made 6,844 16,594 17,153 31,009 Claims resolved with no payment (991) (4,237) (7,460) (9,785) Repurchases (5,533) (11,092) (12,317) (21,000) Indemnification payments (809) (895) (1,295) (3,901) Balance, end of period $ 22,990 $ 27,567 $ 22,990 $ 27,567 Indemnification Liability Reserve Activity Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,771 $ 18,270 $ 11,691 $ 20,528 Additions for new sales 774 490 1,110 837 Repurchases (1,225) (3,525) (3,084) (5,885) Early payment defaults (171) (133) (490) (231) Indemnification payments (54) (44) (132) (191) Balance, end of period $ 9,095 $ 15,058 $ 9,095 $ 15,058 June 30, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 902 $ 951 Incurred but not reported claims 8,193 10,740 Total $ 9,095 $ 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	6 Months Ended
Financial Instruments with Off-Balance Sheet Risk	Jun. 30, 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 $2.0 billion at June 30, 2024 and outstanding financial and performance standby letters of credit of $62.6 million at June 30, 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	6 Months Ended
Stock-Based Compensation	Jun. 30, 2024
Stock-Based Compensation
Stock-Based Compensation	15. Stock-Based Compensation During the six months ended June 30, 2024 and 2023, Hilltop granted 8,050 and 9,957 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 six months ended June 30, 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 (522) $ 33.01 Forfeited (15) $ 32.98 Balance, June 30, 2024 1,227 $ 33.09 Vested/Released RSUs include an aggregate of 89,896 shares withheld to satisfy employee statutory tax obligations during the six months ended June 30, 2024. During the six months ended June 30, 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 six months ended June 30, 2024, 306,900 that were outstanding at June 30, 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 six months ended June 30, 2024, 103,995 that were outstanding at June 30, 2024 At June 30, 2024, in the aggregate, 899,739 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 June 30, 2024

Regulatory Matters

Regulatory Matters	6 Months Ended
Regulatory Matters	Jun. 30, 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 June 30, 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 June 30, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,431,873 11.36 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 1,982,667 12.87 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,431,873 15.58 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 1,982,667 19.45 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,431,873 15.58 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 1,982,667 19.45 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,541,564 16.77 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,300,909 22.57 % 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 June 30, 2024, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). Momentum Hilltop Independent Securities Network Net capital $ 270,835 $ 4,046 Less: required net capital 6,539 280 Excess net capital $ 264,296 $ 3,766 Net capital as a percentage of aggregate debit items 82.8 % Net capital in excess of 5% aggregate debit items $ 254,489 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 June 30, 2024 and December 31, 2023, the Hilltop Broker-Dealers held cash of $51.0 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 June 30, 2024. Mortgage Origination As a mortgage originator, PrimeLending and its subsidiaries are subject to minimum capital, net worth and liquidity requirements established by the Department of Housing and Urban Development (“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. During the second quarter of 2024, PrimeLending reported a HUD operating gain. As of June 30, 2024, PrimeLending failed the GNMA minimum capital ratio requirement of 6% with a ratio of 4.41%. This trend has been reported to GNMA. As of June 30, 2024, PrimeLending and its subsidiaries’ net worth and liquidity exceeded the amounts required by both HUD and GNMA, as applicable.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2024
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity Dividends During the six months ended June 30, 2024 and 2023, the Company declared and paid cash dividends of $0.34 and $0.32 per common share, or an aggregate of $22.2 million and $20.8 million, respectively. On July 25, 2024, Hilltop’s board of directors declared a quarterly cash dividend of $0.17 per common share, payable on August 30, 2024, to all common stockholders of record as of the close of business on August 16, 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 the Company’s outstanding common stock, inclusive of repurchases to offset dilution related to grants of stock-based compensation. During the six months ended June 30, 2024, Hilltop paid $19.9 million to repurchase an aggregate of 640,042 shares of the Company’s common stock at an average price of $31.01 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	6 Months Ended
Derivative Financial Instruments	Jun. 30, 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 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ 580 $ 1,888 $ 11,206 $ 6,785 Hilltop Broker-Dealers (676) 3,950 (4,621) (17,230) Bank 24 (4) 13 (17) 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). June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 683,767 $ 8,465 $ 383,767 $ 7,734 Commitments to purchase MBSs 1,207,778 3,885 1,470,142 15,666 Commitments to sell MBSs 2,433,655 (967) 2,222,225 (17,870) Interest rate swaps 41,000 (1,485) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 5,810 172 1,421 176 Interest rate swaps back-to-back (liability) (1) 5,810 (173) 1,421 (191) U.S. Treasury bond futures and options (2) 237,400 39 306,200 430 Interest rate and other futures (2) 274,900 — 224,800 — Credit default swaps 30,000 47 — — Warrants — — 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 335,000 $ 12,712 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 347,033 39,280 325,193 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 June 30, 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 $347.0 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 $307.6 million and $290.2 million as of June 30, 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 $39.5 million and $35.0 million as of June 30, 2024 and December 31, 2023, respectively. The Bank and PrimeLending held aggregate cash collateral advances of $53.9 million and $51.8 million to offset net asset derivative positions on its commitments to sell MBSs and derivative instruments designated as hedges at June 30, 2024 and December 31, 2023, respectively. PrimeLending had advanced cash collateral totaling $3.4 million and $14.7 million to offset net liability positions on its commitments to sell MBSs at June 30, 2024 and December 31, 2023, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $8.3 million and $7.6 million on various derivative instruments at June 30, 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	6 Months Ended
Balance Sheet Offsetting	Jun. 30, 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 June 30, 2024 Securities borrowed: Institutional counterparties $ 1,258,578 $ — $ 1,258,578 $ (1,185,777) $ — $ 72,801 Interest rate swaps: Institutional counterparties 52,301 — 52,301 — (52,266) 35 Credit default swaps: Institutional counterparties 47 — 47 — — 47 Reverse repurchase agreements: Institutional counterparties 111,914 — 111,914 (111,170) — 744 Forward MBS derivatives: Institutional counterparties 6,371 — 6,371 (930) — 5,441 Treasury futures and options derivatives: Institutional counterparties 39 — 39 — — 39 $ 1,429,250 $ — $ 1,429,250 $ (1,297,877) $ (52,266) $ 79,107 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 June 30, 2024 Securities loaned: Institutional counterparties $ 1,244,028 $ — $ 1,244,028 $ (1,169,991) $ — $ 74,037 Interest rate swaps: Institutional counterparties 1,795 — 1,795 — — 1,795 Repurchase agreements: Institutional counterparties 255,160 — 255,160 (255,160) — — Forward MBS derivatives: Institutional counterparties 3,452 — 3,452 (930) (359) 2,163 $ 1,504,435 $ — $ 1,504,435 $ (1,426,081) $ (359) $ 77,995 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 June 30, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than June 30, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 9,970 $ 3,728 $ — $ — $ 13,698 Asset-backed securities 129,474 111,988 — — 241,462 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,243,976 — — — 1,243,976 Total $ 1,383,472 $ 115,716 $ — $ — $ 1,499,188 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,499,188 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	6 Months Ended
	Jun. 30, 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). June 30, December 31, 2024 2023 Receivables: Securities borrowed $ 1,258,578 $ 1,406,937 Securities failed to deliver 18,479 28,120 Trades in process of settlement 6,220 123,722 Other 13,898 15,152 $ 1,297,175 $ 1,573,931 Payables: Securities loaned $ 1,244,028 $ 1,371,896 Correspondents 21,377 33,286 Securities failed to receive 12,649 18,135 Other 7,172 7,417 $ 1,285,226 $ 1,430,734

Segment and Related Information

Segment and Related Information	6 Months Ended
Segment and Related Information	Jun. 30, 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 June 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 92,458 $ 12,218 $ (4,571) $ (3,153) $ 6,698 $ 103,650 Provision for (reversal of) credit losses 10,950 (16) — — — 10,934 Noninterest income 9,255 92,053 92,867 6,001 (6,871) 193,305 Noninterest expense 57,950 97,062 86,946 14,716 (210) 256,464 Income (loss) before taxes $ 32,813 $ 7,225 $ 1,350 $ (11,868) $ 37 $ 29,557 Mortgage All Other and Hilltop Six Months Ended June 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 184,064 $ 24,486 $ (8,823) $ (6,255) $ 13,799 $ 207,271 Provision for (reversal of) credit losses 8,097 (34) — — — 8,063 Noninterest income 21,158 196,631 159,567 11,785 (14,218) 374,923 Noninterest expense 113,970 195,008 165,843 32,101 (435) 506,487 Income (loss) before taxes $ 83,155 $ 26,143 $ (15,099) $ (26,571) $ 16 $ 67,644 Mortgage All Other and Hilltop Three Months Ended June 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 100,986 $ 13,201 $ (5,901) $ (3,479) $ 13,459 $ 118,266 Provision for (reversal of) credit losses 14,900 (64) — — — 14,836 Noninterest income 11,189 100,040 90,079 3,081 (13,737) 190,652 Noninterest expense 57,436 94,853 98,660 16,301 (273) 266,977 Income (loss) before taxes $ 39,839 $ 18,452 $ (14,482) $ (16,699) $ (5) $ 27,105 Mortgage All Other and Hilltop Six Months Ended June 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 205,756 $ 27,064 $ (10,109) $ (6,801) $ 24,061 $ 239,971 Provision for (reversal of) credit losses 16,500 667 — — — 17,167 Noninterest income 22,379 190,675 158,909 5,786 (24,603) 353,146 Noninterest expense 113,563 185,198 187,413 31,814 (541) 517,447 Income (loss) before taxes $ 98,072 $ 31,874 $ (38,613) $ (32,829) $ (1) $ 58,503 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated June 30, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 12,669,765 $ 2,805,261 $ 1,476,286 $ 2,560,614 $ (3,891,436) $ 15,620,490 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	6 Months Ended
Earnings per Common Share	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 20,333 $ 18,133 $ 48,001 $ 43,933 Weighted average shares outstanding - basic 65,085 65,025 65,142 64,963 Basic earnings per common share: $ 0.31 $ 0.28 $ 0.74 $ 0.68 Diluted earnings per share: Income attributable to Hilltop $ 20,333 $ 18,133 $ 48,001 $ 43,933 Weighted average shares outstanding - basic 65,085 65,025 65,142 64,963 Effect of potentially dilutive securities 1 29 7 30 Weighted average shares outstanding - diluted 65,086 65,054 65,149 64,993 Diluted earnings per common share: $ 0.31 $ 0.28 $ 0.74 $ 0.68

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 20,333	$ 18,133	$ 48,001	$ 43,933

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	6 Months Ended
	Jun. 30, 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 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.
Revision of Previously Issued Financial Statements	Revision of Previously Issued Financial Statements During the second quarter of 2024, the Company identified an immaterial error related to the classification within noninterest income associated with the allocation of earned revenue between commission and principal gains on certain principal trades of fixed income securities. As a result, certain prior period amounts have been corrected for consistency with the current period presentation. The Company assessed the materiality of this error and change in presentation on prior period consolidated financial statements in accordance with the SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in the Current Year Financial Statements.” Based on this assessment, the Company concluded that previously issued financial statements were not materially misstated based upon overall considerations of both quantitative and qualitative factors. The revisions had no impact on the Consolidated Balance Sheets, Consolidated Statements of Cash Flows, Consolidated Statements of Comprehensive Income or Consolidated Statements of Changes in Stockholders’ Equity within these financial statements, or within previously filed financial statements. Further, the revisions did not result in a change in quarterly or year-to-date net income, basic or diluted earnings per share, or regulatory capital ratios. Accordingly, the Company corrected the immaterial error for the previously reported three and six months ended June 30, 2023 in this Quarterly Report on Form 10-Q. The following table presents the impact of the revisions of the previously filed financial statements for the three and six months ended June 30, 2023 to correct for prior period immaterial errors (in thousands). Three months ended June 30, 2023 Six months ended June 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 29,606 $ (5,251) $ 24,355 $ 60,829 $ (10,541) $ 50,288 Other 39,034 5,251 44,285 74,714 10,541 85,255 The following tables present line items for prior period impacts to the Company’s Consolidated Statements of Operations that have been affected by the immaterial error discussed above and will be revised in conjunction with future filings (in thousands). Three months ended March 31, 2024 Three months ended March 31, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 35,557 $ (5,184) $ 30,373 $ 31,223 $ (5,290) $ 25,933 Other 49,200 5,184 54,384 35,680 5,290 40,970 Three months ended September 30, 2023 Nine months ended September 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 28,044 $ (5,180) $ 22,864 $ 88,873 $ (15,721) $ 73,152 Other 40,403 5,180 45,583 115,117 15,721 130,838 Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 121,875 $ (21,343) $ 100,532 $ 139,122 $ (23,941) $ 115,181 $ 143,827 $ (36,412) $ 107,415 Other 156,082 21,343 177,425 113,957 23,941 137,898 128,034 36,412 164,446 The following table presents line items for prior period impacts to the components of other noninterest income as included in the Company’s Notes to Consolidated Financial Statements that have been affected by the immaterial error discussed above (in thousands). Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Other noninterest income: Net gains from Hilltop Broker-Dealer structured product and derivative activities $ 42,284 $ 1,844 $ 44,128 $ 37,407 $ 3,911 $ 41,318 $ 48,816 $ 5,908 $ 54,724 Net gain from trading securities portfolio 54,750 19,499 74,249 23,666 20,030 43,696 26,353 30,504 56,857

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting and Reporting Policies
Schedule of impact of the revisions of the previously filed financial statements	Three months ended June 30, 2023 Six months ended June 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 29,606 $ (5,251) $ 24,355 $ 60,829 $ (10,541) $ 50,288 Other 39,034 5,251 44,285 74,714 10,541 85,255 The following tables present line items for prior period impacts to the Company’s Consolidated Statements of Operations that have been affected by the immaterial error discussed above and will be revised in conjunction with future filings (in thousands). Three months ended March 31, 2024 Three months ended March 31, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 35,557 $ (5,184) $ 30,373 $ 31,223 $ (5,290) $ 25,933 Other 49,200 5,184 54,384 35,680 5,290 40,970 Three months ended September 30, 2023 Nine months ended September 30, 2023 As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 28,044 $ (5,180) $ 22,864 $ 88,873 $ (15,721) $ 73,152 Other 40,403 5,180 45,583 115,117 15,721 130,838 Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Noninterest income: Securities commission and fees $ 121,875 $ (21,343) $ 100,532 $ 139,122 $ (23,941) $ 115,181 $ 143,827 $ (36,412) $ 107,415 Other 156,082 21,343 177,425 113,957 23,941 137,898 128,034 36,412 164,446 The following table presents line items for prior period impacts to the components of other noninterest income as included in the Company’s Notes to Consolidated Financial Statements that have been affected by the immaterial error discussed above (in thousands). Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 (unaudited) (unaudited) (unaudited) As previously Impact of As previously Impact of As previously Impact of reported Revision As adjusted reported Revision As adjusted reported Revision As adjusted Other noninterest income: Net gains from Hilltop Broker-Dealer structured product and derivative activities $ 42,284 $ 1,844 $ 44,128 $ 37,407 $ 3,911 $ 41,318 $ 48,816 $ 5,908 $ 54,724 Net gain from trading securities portfolio 54,750 19,499 74,249 23,666 20,030 43,696 26,353 30,504 56,857

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 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 June 30, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 5,575 $ 715,809 $ — $ 721,384 Available for sale securities — 1,411,962 21,145 1,433,107 Equity securities 254 — — 254 Loans held for sale — 1,082,381 56,168 1,138,549 Derivative assets — 72,671 — 72,671 MSR asset — — 52,902 52,902 Equity investments — — 19,540 19,540 Securities sold, not yet purchased 61,230 14,316 — 75,546 Derivative liabilities — 10,696 — 10,696 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 June 30, 2024 Available for sale securities $ 20,814 $ — $ — $ — $ 616 $ (285) $ 21,145 Loans held for sale 51,795 20,765 (11,109) — (5,283) — 56,168 Loans held for investment 11,211 — (11,352) — 141 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 95,591 2,778 (45,129) — (338) — 52,902 Equity investment 19,540 — — — — — 19,540 Total $ 199,771 $ 23,543 $ (70,188) $ — $ (3,086) $ (285) $ 149,755 Six months ended June 30, 2024 Available for sale securities $ 24,418 $ — $ (4,702) $ — $ 1,251 $ 178 $ 21,145 Loans held for sale 38,036 46,107 (17,185) — (10,790) — 56,168 Loans held for investment 10,858 — (11,352) — 494 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 96,662 6,089 (45,129) — (4,720) — 52,902 Equity investment 19,540 — — — — — 19,540 Total $ 190,334 $ 52,196 $ (80,966) $ — $ (11,987) $ 178 $ 149,755 Three months ended June 30, 2023 Loans held for sale $ 33,993 $ 20,712 $ (7,275) $ — $ (6,138) $ — $ 41,292 Loans held for investment 9,437 — — — 277 — 9,714 MSR asset 103,314 6,890 (19,055) — 3,952 — 95,101 Total $ 146,744 $ 27,602 $ (26,330) $ — $ (1,909) $ — $ 146,107 Six months ended June 30, 2023 Loans held for sale $ 40,707 $ 37,508 $ (30,729) $ (446) $ (5,748) $ — $ 41,292 Loans held for investment 9,181 — — — 533 — 9,714 MSR asset 100,825 20,100 (19,055) — (6,769) — 95,101 Total $ 150,713 $ 57,608 $ (49,784) $ (446) $ (11,984) $ — $ 146,107
Schedule of significant unobservable inputs used in the fair value measurements	Range (Weighted-Average) Financial Instrument Fair Value Valuation Technique Unobservable Inputs June 30, 2024 December 31, 2023 Available for sale securities $ 21,145 Discounted cash flow Discount rate 14.25 - 15.75 % 14.25 - 15.50 % Loans held for sale 56,168 Market comparable Projected price 78 - 90 % ( 89 %) 78 - 92 % ( 90 %) Loans held for investment - Discounted cash flow Discount rate 10.00 % Derivative assets - Discounted cash flow Discount rate 15.00 % MSR asset 52,902 Discounted cash flow Constant prepayment rate 8.69 % 8.65 % Discount rate 13.93 % 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 June 30, 2024 Three Months Ended June 30, 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 $ 8,193 $ — $ 8,193 $ (12,366) $ — $ (12,366) Loans held for investment — — — — — — MSR asset (338) — (338) 3,952 — 3,952 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Net Other Total Net Other Total Gains Noninterest Changes in Gains Noninterest Changes in (Losses) Income Fair Value (Losses) Income Fair Value Loans held for sale $ (3,123) $ — $ (3,123) $ (2,233) $ — $ (2,233) Loans held for investment 94 — 94 — — — MSR asset (4,720) — (4,720) (6,769) — (6,769)
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 June 30, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 803,950 $ 803,950 $ — $ — $ 803,950 Assets segregated for regulatory purposes 51,046 51,046 — — 51,046 Securities purchased under agreements to resell 111,914 — 111,914 — 111,914 Held to maturity securities 777,456 — 687,194 — 687,194 Loans held for sale 125,888 — 103,401 23,162 126,563 Loans held for investment, net 8,058,438 — 348,415 7,785,919 8,134,334 Broker-dealer and clearing organization receivables 1,297,175 — 1,297,175 — 1,297,175 Other assets 72,201 — 72,201 — 72,201 Financial liabilities: Deposits 10,373,856 — 10,371,076 — 10,371,076 Broker-dealer and clearing organization payables 1,285,226 — 1,285,226 — 1,285,226 Short-term borrowings 897,613 — 897,613 — 897,613 Debt 347,402 — 329,576 — 329,576 Other liabilities 17,605 — 17,605 — 17,605 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 6,608 $ 22,507 $ 6,608 $ 27,264 Upward adjustments — 182 — 425 Impairments and downward adjustments (59) (35) (59) (5,035) Balance, end of period $ 6,549 $ 22,654 $ 6,549 $ 22,654

Securities (Tables)

Securities (Tables)	6 Months Ended
Securities (Tables)	Jun. 30, 2024
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). June 30, December 31, 2024 2023 U.S. Treasury securities $ 253 $ 3,736 U.S. government agencies: Bonds 6,755 12,867 Residential mortgage-backed securities 117,113 124,768 Collateralized mortgage obligations 192,779 86,281 Other 9,955 13,079 Corporate debt securities 64,768 37,569 States and political subdivisions 249,933 180,890 Private-label securitized product 69,401 47,768 Other 10,427 9,033 Totals $ 721,384 $ 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 June 30, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,988 $ — $ (351) $ 4,637 U.S. government agencies: Bonds 148,499 167 (527) 148,139 Residential mortgage-backed securities 373,582 50 (41,863) 331,769 Commercial mortgage-backed securities 196,419 153 (6,339) 190,233 Collateralized mortgage obligations 763,075 249 (59,858) 703,466 Corporate debt securities 22,467 — (1,322) 21,145 States and political subdivisions 36,936 15 (3,233) 33,718 Totals $ 1,545,966 $ 634 $ (113,493) $ 1,433,107 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 June 30, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 267,450 $ — $ (29,466) $ 237,984 Commercial mortgage-backed securities 162,032 — (13,438) 148,594 Collateralized mortgage obligations 270,876 — (40,151) 230,725 States and political subdivisions 77,098 46 (7,253) 69,891 Totals $ 777,456 $ 46 $ (90,308) $ 687,194 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). June 30, 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 4,637 351 1 4,617 368 1 4,637 351 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months 4 28,711 125 4 28,988 103 Unrealized loss for twelve months or longer 18 95,733 402 20 112,502 708 22 124,444 527 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 15 15,662 896 14 8,989 616 Unrealized loss for twelve months or longer 108 307,591 40,967 109 338,769 38,699 123 323,253 41,863 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months 2 9,111 113 2 10,413 282 Unrealized loss for twelve months or longer 19 192,721 6,226 18 162,470 8,676 21 201,832 6,339 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 2 10,102 138 2 11,560 22 Unrealized loss for twelve months or longer 135 671,271 59,720 138 709,571 61,665 137 681,373 59,858 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 2 22,467 1,322 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 2 22,467 1,322 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months 7 2,927 52 10 7,023 55 Unrealized loss for twelve months or longer 57 26,366 3,181 50 20,857 2,640 64 29,293 3,233 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 32 88,980 2,646 34 80,456 2,579 Unrealized loss for twelve months or longer 338 1,298,319 110,847 336 1,348,786 112,756 370 $ 1,387,299 $ 113,493 370 $ 1,429,242 $ 115,335
Schedule of information regarding held to maturity securities that were in an unrealized loss position	June 30, 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 45 267,450 29,466 44 278,172 25,765 45 267,450 29,466 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 28 148,595 13,438 31 160,208 12,670 28 148,595 13,438 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 230,725 40,151 54 247,019 37,189 54 230,725 40,151 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 16 9,679 272 39 15,506 479 Unrealized loss for twelve months or longer 161 56,972 6,981 128 45,208 4,865 177 66,651 7,253 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 16 9,679 272 39 15,506 479 Unrealized loss for twelve months or longer 288 703,742 90,036 257 730,607 80,489 304 $ 713,421 $ 90,308 296 $ 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 June 30, 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 $ 27,823 $ 27,743 $ — $ — Due after one year through five years 78,045 76,073 3,235 3,026 Due after five years through ten years 56,912 56,466 39,274 36,043 Due after ten years 50,110 47,357 34,589 30,822 212,890 207,639 77,098 69,891 Residential mortgage-backed securities 373,582 331,769 267,450 237,984 Commercial mortgage-backed securities 196,419 190,233 162,032 148,594 Collateralized mortgage obligations 763,075 703,466 270,876 230,725 $ 1,545,966 $ 1,433,107 $ 777,456 $ 687,194

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	6 Months Ended
Loans Held for Investment (Tables)	Jun. 30, 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). June 30, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 2,001,338 $ 1,889,882 Owner occupied 1,475,218 1,422,234 Commercial and industrial 1,687,502 1,607,833 Construction and land development 858,185 1,031,095 1-4 family residential 1,775,571 1,757,178 Consumer 27,291 27,351 Broker-dealer (1) 348,415 344,172 8,173,520 8,079,745 Allowance for credit losses (115,082) (111,413) Total loans held for investment, net of allowance $ 8,058,438 $ 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 June 30, 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 $ 559 $ — $ 797 $ 1,356 $ 1,999,982 $ 2,001,338 $ — Owner occupied — 5,218 9 5,227 1,469,991 1,475,218 — Commercial and industrial 7,174 3 1,004 8,181 1,679,321 1,687,502 27 Construction and land development 2,062 192 277 2,531 855,654 858,185 — 1-4 family residential 3,049 1,568 2,206 6,823 1,768,748 1,775,571 829 Consumer 84 15 1 100 27,191 27,291 — Broker-dealer — — — — 348,415 348,415 — $ 12,928 $ 6,996 $ 4,294 $ 24,218 $ 8,149,302 $ 8,173,520 $ 856 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 June 30, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended June 30, Six Months Ended June 30, Allowance Allowance Total Allowance Allowance Total 2024 2023 2024 2023 Commercial real estate: Non-owner occupied $ 414 $ 6,480 $ 6,894 $ 33,728 $ 2,712 $ 36,440 $ 317 $ 58 $ 1,511 $ 181 Owner occupied 4,601 1,836 6,437 4,630 468 5,098 670 261 763 324 Commercial and industrial 47,009 33,746 80,755 5,216 4,286 9,502 461 138 563 269 Construction and land development 287 — 287 533 2,749 3,282 20 29 62 36 1-4 family residential 515 6,716 7,231 726 9,283 10,009 579 379 1,072 835 Consumer 1 — 1 6 — 6 — — — — Broker-dealer — — — — — — — — — — $ 52,827 $ 48,778 $ 101,605 $ 44,839 $ 19,498 $ 64,337 $ 2,047 $ 865 $ 3,971 $ 1,645
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 Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended June 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ — — % Owner occupied — 126 — — — 0.0 % Commercial and industrial — 13,166 — — 481 0.8 % Construction and land development — — — — — — % 1-4 family residential — 479 — — — 0.0 % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 13,771 $ — $ — $ 481 0.2 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Six Months Ended June 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ — — % Owner occupied — 522 — 3,882 — 0.3 % Commercial and industrial — 13,525 — 155 481 0.8 % Construction and land development — 11 — 1,752 — 0.2 % 1-4 family residential — 479 — — — 0.0 % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 14,537 $ — $ 5,789 $ 481 0.3 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended June 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 9,088 $ — $ — $ — 0.5 % Owner occupied — — — — — — % Commercial and industrial — 10,059 — — — 0.6 % Construction and land development — 308 — — — 0.0 % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 19,455 $ — $ — $ — 0.2 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Six Months Ended June 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 43,538 $ — $ — $ — 2.3 % Owner occupied — 2,214 — — — 0.2 % Commercial and industrial — 11,383 — 2,960 — 0.8 % Construction and land development — 308 — — — 0.0 % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 57,443 $ — $ 2,960 $ — 0.7 %
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 June 30, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 371 Owner occupied — 3,882 9 3,891 4,017 Commercial and industrial 1,543 — — 1,543 5,762 Construction and land development — — — — 11 1-4 family residential — — — — 28 Consumer — — — — — Broker-dealer — — — — — Total $ 1,543 $ 3,882 $ 9 $ 5,434 $ 10,189
Schedule of financial effects of the loans held for investment modified for borrowers experiencing financial difficulty	The following tables present the financial effects of the loans held for investment modified for borrowers experiencing financial difficulty during the periods presented (in thousands). Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Weighted-Average Weighted-Average Weighted-Average Weighted-Average Interest Rate Term Extension Interest Rate Term Extension Reduction (in months) Reduction (in months) Commercial real estate: Non-owner occupied — % — — % — Owner occupied — % 23 — % 16 Commercial and industrial 0.5 % 12 0.5 % 12 Construction and land development — % — — % 15 1-4 family residential — % 8 — % 8 Consumer — % — — % — Broker-dealer — % — — % — Total 0.5 % 12 0.5 % 12 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Weighted-Average Weighted-Average Weighted-Average Weighted-Average Interest Rate Term Extension Interest Rate Term Extension Reduction (in months) Reduction (in months) Commercial real estate: Non-owner occupied — % 17 — % 25 Owner occupied — % — — % 35 Commercial and industrial — % 8 — % 8 Construction and land development — % 9 — % 9 1-4 family residential — % — — % — Consumer — % — — % — Broker-dealer — % — — % — Total — % 12 — % 22
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 June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Total Commercial real estate: non-owner occupied Internal Grade 1-3 (Pass low risk) $ 5,068 $ 5,022 $ 45,182 $ 84,375 $ 3,599 $ 4,764 $ (1) $ — $ 148,009 Internal Grade 4-7 (Pass normal risk) 88,007 192,393 275,740 312,086 115,851 104,536 19,823 16,622 1,125,058 Internal Grade 8-11 (Pass high risk and watch) 36,862 125,780 201,935 61,535 107,711 75,896 22,460 1,381 633,560 Internal Grade 12 (Special mention) — — 15,497 5,188 3,709 25,470 — — 49,864 Internal Grade 13 (Substandard accrual) 541 1,893 7,624 26,202 — 1,692 — — 37,952 Internal Grade 14 (Substandard non-accrual) — 4,194 1,377 — — 1,323 — — 6,894 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 19,566 $ 60,222 $ 21,117 $ 41,285 $ 42,852 $ 57,287 $ 5,787 $ 13,136 $ 261,252 Internal Grade 4-7 (Pass normal risk) 51,120 93,884 175,706 196,299 55,985 152,195 19,056 9,187 753,432 Internal Grade 8-11 (Pass high risk and watch) 26,884 63,502 87,602 68,659 78,373 80,713 5,277 514 411,524 Internal Grade 12 (Special mention) — — 354 — 1,204 — — — 1,558 Internal Grade 13 (Substandard accrual) 395 2,068 7,416 8,719 6,268 16,149 — — 41,015 Internal Grade 14 (Substandard non-accrual) 4,008 9 1,322 628 — 470 — — 6,437 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 2,698 $ 18,567 $ 16,255 $ 34,098 $ 9,704 $ 15,667 $ 25,966 $ — $ 122,955 Internal Grade 4-7 (Pass normal risk) 56,009 40,174 46,905 61,019 16,721 12,106 329,941 2,825 565,700 Internal Grade 8-11 (Pass high risk and watch) 101,168 74,162 77,908 75,149 18,336 9,152 249,683 2,641 608,199 Internal Grade 12 (Special mention) — — — — — 337 1,200 — 1,537 Internal Grade 13 (Substandard accrual) 7,338 5,613 2,569 2,024 1,144 968 9,571 1,171 30,398 Internal Grade 14 (Substandard non-accrual) 10,943 9,001 9,570 4,507 294 876 849 44,715 80,755 Current period gross charge-offs 29 200 385 104 312 1,458 837 273 3,598 Construction and land development Internal Grade 1-3 (Pass low risk) $ 3,457 $ 35 $ 2,795 $ 879 $ — $ 241 $ — $ — $ 7,407 Internal Grade 4-7 (Pass normal risk) 83,339 146,121 143,057 62,616 6,486 2,807 7,978 — 452,404 Internal Grade 8-11 (Pass high risk and watch) 137,875 145,203 41,070 29,003 2,839 2,471 14,745 — 373,206 Internal Grade 12 (Special mention) — — — — — — — — — Internal Grade 13 (Substandard accrual) 1,138 3,145 159 109 — — — — 4,551 Internal Grade 14 (Substandard non-accrual) — 287 — — — — — — 287 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 124 3,887 — — — 853 — — 4,864 FICO greater than 720 2,056 13,152 — 119 49 — — — 15,376 Substandard non-accrual — — — — — — — — — Other (1) 90 — — — — — — — 90 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ 164 $ 632 $ 1,427 $ 481 $ 740 $ 21,965 $ 215 $ — $ 25,624 FICO between 620 and 720 9,885 11,621 15,445 9,270 4,256 28,299 875 185 79,836 FICO greater than 720 83,934 148,373 511,329 692,989 82,936 79,700 3,933 735 1,603,929 Substandard non-accrual 29 — — — — 7,202 — — 7,231 Other (1) 14,593 19,533 14,269 3,415 1,354 4,500 1,287 — 58,951 Current period gross charge-offs — — — — — 1 — — 1 Consumer FICO less than 620 $ 643 $ 278 $ 288 $ 30 $ 58 $ 6 $ 357 $ 8 $ 1,668 FICO between 620 and 720 2,259 1,987 917 321 179 49 1,984 36 7,732 FICO greater than 720 1,675 2,798 1,707 634 233 7 2,801 1 9,856 Substandard non-accrual — — — — — 1 — — 1 Other (1) 4,949 1,805 857 135 17 12 259 — 8,034 Current period gross charge-offs 57 79 — — — 2 7 1 146 Total loans with credit quality measures $ 756,817 $ 1,195,341 $ 1,727,399 $ 1,781,774 $ 560,898 $ 707,714 $ 724,046 $ 93,157 $ 7,547,146 Commercial and industrial (mortgage warehouse lending) $ 277,959 Broker-dealer (margin loans and correspondent receivables) $ 348,415 Total loans held for investment $ 8,173,520 (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)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 2024
Allowance for Credit Losses
Schedule of changes in the allowance for credit losses for loans held for investment, distributed 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 June 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,563 $ (2,242) $ — $ — $ 37,321 Owner occupied 28,737 4,029 — 6 32,772 Commercial and industrial 16,552 12,480 (615) 452 28,869 Construction and land development 10,008 (2,415) — 1 7,594 1-4 family residential 8,744 (924) (1) 93 7,912 Consumer 544 22 (65) 46 547 Broker-dealer 83 (16) — — 67 Total $ 104,231 $ 10,934 $ (681) $ 598 $ 115,082 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Six Months Ended June 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ (1,093) $ (1,647) $ — $ 37,321 Owner occupied 28,114 4,643 — 15 32,772 Commercial and industrial 20,926 10,747 (3,598) 794 28,869 Construction and land development 12,102 (4,510) — 2 7,594 1-4 family residential 9,461 (1,652) (1) 104 7,912 Consumer 648 (38) (146) 83 547 Broker-dealer 101 (34) — — 67 Total $ 111,413 $ 8,063 $ (5,392) $ 998 $ 115,082 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended June 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 38,667 $ 4,906 $ — $ 9 $ 43,582 Owner occupied 22,854 5,015 — 11 27,880 Commercial and industrial 16,615 3,632 (3,020) 88 17,315 Construction and land development 5,999 1,396 — — 7,395 1-4 family residential 11,691 (108) — 35 11,618 Consumer 563 59 (53) 46 615 Broker-dealer 965 (64) — — 901 Total $ 97,354 $ 14,836 $ (3,073) $ 189 $ 109,306 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Six Months Ended June 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ 4,326 $ — $ 9 $ 43,582 Owner occupied 24,008 4,827 (977) 22 27,880 Commercial and industrial 16,035 3,579 (3,079) 780 17,315 Construction and land development 6,051 1,344 — — 7,395 1-4 family residential 9,313 2,326 (73) 52 11,618 Consumer 554 98 (122) 85 615 Broker-dealer 234 667 — — 901 Total $ 95,442 $ 17,167 $ (4,251) $ 948 $ 109,306
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 8,296 $ 6,805 $ 8,876 $ 7,784 Other noninterest expense 289 1,187 (291) 208 Balance, end of period $ 8,585 $ 7,992 $ 8,585 $ 7,992

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
Mortgage Servicing Rights (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 95,591 $ 103,314 $ 96,662 $ 100,825 Additions 2,778 6,890 6,089 20,100 Sales (45,129) (19,055) (45,129) (19,055) Changes in fair value: Due to changes in model inputs or assumptions (1) 986 5,326 (2,008) (4,539) Due to customer payoffs (1,324) (1,374) (2,712) (2,230) Balance, end of period $ 52,902 $ 95,101 $ 52,902 $ 95,101 June 30, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 2,453,258 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 2.16 % 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. (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	June 30, December 31, 2024 2023 Weighted average constant prepayment rate 8.69 % 8.65 % Weighted average discount rate 13.93 % 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). June 30, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,782) $ (3,511) Impact of 20% adverse change (3,459) (6,796) Discount rate: Impact of 10% adverse change (2,741) (4,474) Impact of 20% adverse change (5,206) (8,537)

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2024
Deposits.
Summary of deposits	Deposits are summarized as follows (in thousands). June 30, December 31, 2024 2023 Noninterest-bearing demand $ 2,845,441 $ 3,007,101 Interest-bearing: Demand accounts 3,932,560 4,496,682 Brokered - demand 4,725 156,692 Money market 2,145,639 1,869,809 Brokered - money market 10,375 8,828 Savings 232,048 259,745 Time 1,203,068 1,221,935 Brokered - time — 42,400 $ 10,373,856 $ 11,063,192

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	6 Months Ended
Short-term Borrowings (Tables)	Jun. 30, 2024
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). June 30, December 31, 2024 2023 Federal funds purchased $ 417,508 $ 459,658 Securities sold under agreements to repurchase 255,861 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 224,244 200,330 $ 897,613 $ 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). Six Months Ended June 30, 2024 2023 Average balance during the period $ 729,891 $ 768,514 Average interest rate during the period 5.50 % 5.16 % June 30, December 31, 2024 2023 Average interest rate at end of period 5.61 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 255,160 $ 239,103 Estimated fair value $ 280,111 $ 262,408
Federal Home Loan Bank
Short-term borrowings
Schedule of short-term borrowings	Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands). Six Months Ended June 30, 2024 2023 Average balance during the period $ — $ 252,901 Average interest rate during the period 5.71 % 5.05 %

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
Notes Payable (Tables)	Jun. 30, 2024
Notes Payable.
Schedule of notes payable	Notes payable consisted of the following (in thousands). June 30, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $400 and $502, respectively $ 149,600 $ 149,498 Subordinated Notes due May 2030, net of discount of $458 and $511, respectively 49,542 49,489 Subordinated Notes due May 2035, net of discount of $1,740 and $1,842, respectively 148,260 148,158 $ 347,402 $ 347,145

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2024
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). June 30, December 31, 2024 2023 Finance leases: Premises and equipment $ 7,780 $ 7,780 Accumulated depreciation (6,832) (6,537) Premises and equipment, net $ 948 $ 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease cost $ 8,423 $ 9,015 $ 16,984 $ 17,744 Less operating lease and sublease income (670) (678) (1,351) (1,311) Net operating lease cost $ 7,753 $ 8,337 $ 15,633 $ 16,433 Finance lease cost: Amortization of ROU assets $ 147 $ 147 $ 295 $ 295 Interest on lease liabilities 90 108 185 220 Total finance lease cost $ 237 $ 255 $ 480 $ 515
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 17,262 $ 19,150 Operating cash flows from finance leases 188 222 Financing cash flows from finance leases 462 409 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 18,307 $ 9,559 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. June 30, 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 5.5 5.45 % 5.3 4.59 % Finance 3.0 5.06 % 3.3 4.98 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of June 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 15,489 $ 512 2025 28,768 886 2026 23,047 813 2027 18,238 448 2028 13,997 149 Thereafter 32,094 — Total minimum lease payments 131,633 2,808 Less amount representing interest (18,537) (725) Lease liabilities $ 113,096 $ 2,083
Schedule of future minimum lease payments under finance leases	Future minimum lease payments under lease agreements as of June 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 15,489 $ 512 2025 28,768 886 2026 23,047 813 2027 18,238 448 2028 13,997 149 Thereafter 32,094 — Total minimum lease payments 131,633 2,808 Less amount representing interest (18,537) (725) Lease liabilities $ 113,096 $ 2,083

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 23,479 $ 27,197 $ 26,909 $ 31,244 Claims made 6,844 16,594 17,153 31,009 Claims resolved with no payment (991) (4,237) (7,460) (9,785) Repurchases (5,533) (11,092) (12,317) (21,000) Indemnification payments (809) (895) (1,295) (3,901) Balance, end of period $ 22,990 $ 27,567 $ 22,990 $ 27,567 Indemnification Liability Reserve Activity Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,771 $ 18,270 $ 11,691 $ 20,528 Additions for new sales 774 490 1,110 837 Repurchases (1,225) (3,525) (3,084) (5,885) Early payment defaults (171) (133) (490) (231) Indemnification payments (54) (44) (132) (191) Balance, end of period $ 9,095 $ 15,058 $ 9,095 $ 15,058 June 30, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 902 $ 951 Incurred but not reported claims 8,193 10,740 Total $ 9,095 $ 11,691

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 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 six months ended June 30, 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 (522) $ 33.01 Forfeited (15) $ 32.98 Balance, June 30, 2024 1,227 $ 33.09

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
Regulatory Matters (Tables)	Jun. 30, 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 June 30, 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 June 30, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,431,873 11.36 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 1,982,667 12.87 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,431,873 15.58 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 1,982,667 19.45 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,431,873 15.58 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 1,982,667 19.45 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,541,564 16.77 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,300,909 22.57 % 2,284,357 22.34 % 10.5 % N/A
Schedule of net capital position	At June 30, 2024, the net capital position of each of the Hilltop Broker-Dealers was as follows (in thousands). Momentum Hilltop Independent Securities Network Net capital $ 270,835 $ 4,046 Less: required net capital 6,539 280 Excess net capital $ 264,296 $ 3,766 Net capital as a percentage of aggregate debit items 82.8 % Net capital in excess of 5% aggregate debit items $ 254,489

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ 580 $ 1,888 $ 11,206 $ 6,785 Hilltop Broker-Dealers (676) 3,950 (4,621) (17,230) Bank 24 (4) 13 (17)
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 683,767 $ 8,465 $ 383,767 $ 7,734 Commitments to purchase MBSs 1,207,778 3,885 1,470,142 15,666 Commitments to sell MBSs 2,433,655 (967) 2,222,225 (17,870) Interest rate swaps 41,000 (1,485) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 5,810 172 1,421 176 Interest rate swaps back-to-back (liability) (1) 5,810 (173) 1,421 (191) U.S. Treasury bond futures and options (2) 237,400 39 306,200 430 Interest rate and other futures (2) 274,900 — 224,800 — Credit default swaps 30,000 47 — — Warrants — — 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 335,000 $ 12,712 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 347,033 39,280 325,193 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 June 30, 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 $347.0 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 $307.6 million and $290.2 million as of June 30, 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 $39.5 million and $35.0 million as of June 30, 2024 and December 31, 2023, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	6 Months Ended
Balance Sheet Offsetting (Tables)	Jun. 30, 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 June 30, 2024 Securities borrowed: Institutional counterparties $ 1,258,578 $ — $ 1,258,578 $ (1,185,777) $ — $ 72,801 Interest rate swaps: Institutional counterparties 52,301 — 52,301 — (52,266) 35 Credit default swaps: Institutional counterparties 47 — 47 — — 47 Reverse repurchase agreements: Institutional counterparties 111,914 — 111,914 (111,170) — 744 Forward MBS derivatives: Institutional counterparties 6,371 — 6,371 (930) — 5,441 Treasury futures and options derivatives: Institutional counterparties 39 — 39 — — 39 $ 1,429,250 $ — $ 1,429,250 $ (1,297,877) $ (52,266) $ 79,107 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 June 30, 2024 Securities loaned: Institutional counterparties $ 1,244,028 $ — $ 1,244,028 $ (1,169,991) $ — $ 74,037 Interest rate swaps: Institutional counterparties 1,795 — 1,795 — — 1,795 Repurchase agreements: Institutional counterparties 255,160 — 255,160 (255,160) — — Forward MBS derivatives: Institutional counterparties 3,452 — 3,452 (930) (359) 2,163 $ 1,504,435 $ — $ 1,504,435 $ (1,426,081) $ (359) $ 77,995 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 June 30, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than June 30, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 9,970 $ 3,728 $ — $ — $ 13,698 Asset-backed securities 129,474 111,988 — — 241,462 Securities lending transactions: Corporate securities 52 — — — 52 Equity securities 1,243,976 — — — 1,243,976 Total $ 1,383,472 $ 115,716 $ — $ — $ 1,499,188 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,499,188 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)	6 Months Ended
	Jun. 30, 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). June 30, December 31, 2024 2023 Receivables: Securities borrowed $ 1,258,578 $ 1,406,937 Securities failed to deliver 18,479 28,120 Trades in process of settlement 6,220 123,722 Other 13,898 15,152 $ 1,297,175 $ 1,573,931 Payables: Securities loaned $ 1,244,028 $ 1,371,896 Correspondents 21,377 33,286 Securities failed to receive 12,649 18,135 Other 7,172 7,417 $ 1,285,226 $ 1,430,734

Segment and Related Informati_2

Segment and Related Information (Tables)	6 Months Ended
Segment and Related Information (Tables)	Jun. 30, 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 June 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 92,458 $ 12,218 $ (4,571) $ (3,153) $ 6,698 $ 103,650 Provision for (reversal of) credit losses 10,950 (16) — — — 10,934 Noninterest income 9,255 92,053 92,867 6,001 (6,871) 193,305 Noninterest expense 57,950 97,062 86,946 14,716 (210) 256,464 Income (loss) before taxes $ 32,813 $ 7,225 $ 1,350 $ (11,868) $ 37 $ 29,557 Mortgage All Other and Hilltop Six Months Ended June 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 184,064 $ 24,486 $ (8,823) $ (6,255) $ 13,799 $ 207,271 Provision for (reversal of) credit losses 8,097 (34) — — — 8,063 Noninterest income 21,158 196,631 159,567 11,785 (14,218) 374,923 Noninterest expense 113,970 195,008 165,843 32,101 (435) 506,487 Income (loss) before taxes $ 83,155 $ 26,143 $ (15,099) $ (26,571) $ 16 $ 67,644 Mortgage All Other and Hilltop Three Months Ended June 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 100,986 $ 13,201 $ (5,901) $ (3,479) $ 13,459 $ 118,266 Provision for (reversal of) credit losses 14,900 (64) — — — 14,836 Noninterest income 11,189 100,040 90,079 3,081 (13,737) 190,652 Noninterest expense 57,436 94,853 98,660 16,301 (273) 266,977 Income (loss) before taxes $ 39,839 $ 18,452 $ (14,482) $ (16,699) $ (5) $ 27,105 Mortgage All Other and Hilltop Six Months Ended June 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 205,756 $ 27,064 $ (10,109) $ (6,801) $ 24,061 $ 239,971 Provision for (reversal of) credit losses 16,500 667 — — — 17,167 Noninterest income 22,379 190,675 158,909 5,786 (24,603) 353,146 Noninterest expense 113,563 185,198 187,413 31,814 (541) 517,447 Income (loss) before taxes $ 98,072 $ 31,874 $ (38,613) $ (32,829) $ (1) $ 58,503 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated June 30, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 12,669,765 $ 2,805,261 $ 1,476,286 $ 2,560,614 $ (3,891,436) $ 15,620,490 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)	6 Months Ended
Earnings per Common Share (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 20,333 $ 18,133 $ 48,001 $ 43,933 Weighted average shares outstanding - basic 65,085 65,025 65,142 64,963 Basic earnings per common share: $ 0.31 $ 0.28 $ 0.74 $ 0.68 Diluted earnings per share: Income attributable to Hilltop $ 20,333 $ 18,133 $ 48,001 $ 43,933 Weighted average shares outstanding - basic 65,085 65,025 65,142 64,963 Effect of potentially dilutive securities 1 29 7 30 Weighted average shares outstanding - diluted 65,086 65,054 65,149 64,993 Diluted earnings per common share: $ 0.31 $ 0.28 $ 0.74 $ 0.68

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Nature of Operations and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 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%

Summary of Significant Accoun_5

Summary of Significant Accounting and Reporting Policies - Prior period impacts (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noninterest income:
Securities commission and fees	$ 29,510	$ 30,373	$ 22,864	$ 24,355	$ 25,933	$ 59,883	$ 50,288	$ 73,152	$ 100,532	$ 115,181	$ 107,415
Other	$ 37,950	54,384	45,583	44,285	40,970	$ 92,334	85,255	130,838	177,425	137,898	164,446
Other noninterest income:
Net gains from Hilltop Broker-Dealer structured product and derivative activities									44,128	41,318	54,724
Net gain from trading securities portfolio									74,249	43,696	56,857
As previously reported
Noninterest income:
Securities commission and fees		35,557	28,044	29,606	31,223		60,829	88,873	121,875	139,122	143,827
Other		49,200	40,403	39,034	35,680		74,714	115,117	156,082	113,957	128,034
Other noninterest income:
Net gains from Hilltop Broker-Dealer structured product and derivative activities									42,284	37,407	48,816
Net gain from trading securities portfolio									54,750	23,666	26,353
Impact of Revision
Noninterest income:
Securities commission and fees		(5,184)	(5,180)	(5,251)	(5,290)		(10,541)	(15,721)	(21,343)	(23,941)	(36,412)
Other		$ 5,184	$ 5,180	$ 5,251	$ 5,290		$ 10,541	$ 15,721	21,343	23,941	36,412
Other noninterest income:
Net gains from Hilltop Broker-Dealer structured product and derivative activities									1,844	3,911	5,908
Net gain from trading securities portfolio									$ 19,499	$ 20,030	$ 30,504

Fair Value Measurements - FV Op

Fair Value Measurements - FV Option (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 1,140	$ 822.2
Mortgage loans held for sale, unpaid principal balance	$ 1,120	$ 802.3

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Trading securities	$ 721,384	$ 515,991
Available for sale securities	1,433,107	1,507,595
Equity securities	254	321
MSR asset	52,902	96,662
Financial liabilities:
Securities sold, not yet purchased	75,546	34,872
Recurring
Financial assets:
Trading securities	721,384	515,991
Available for sale securities	1,433,107	1,507,595
Equity securities	254	321
Loans held for sale	1,138,549	822,194
Loans held for investment		10,858
Derivative assets	$ 72,671	$ 77,598
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
MSR asset	$ 52,902	$ 96,662
Equity investments	19,540	19,540
Financial liabilities:
Securities sold, not yet purchased	75,546	34,872
Derivative liabilities	10,696	27,106
Recurring \| Level 1
Financial assets:
Trading securities	5,575	8,929
Equity securities	254	321
Financial liabilities:
Securities sold, not yet purchased	61,230	14,027
Recurring \| Level 2
Financial assets:
Trading securities	715,809	507,062
Available for sale securities	1,411,962	1,483,177
Loans held for sale	1,082,381	784,158
Derivative assets	72,671	76,778
Financial liabilities:
Securities sold, not yet purchased	14,316	20,845
Derivative liabilities	10,696	27,106
Recurring \| Level 3
Financial assets:
Available for sale securities	21,145	24,418
Loans held for sale	56,168	38,036
Loans held for investment		10,858
Derivative assets		820
MSR asset	52,902	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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 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	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	$ 199,771	$ 146,744	$ 190,334	$ 150,713
Purchases/Additions	23,543	27,602	52,196	57,608
Sales/Reductions	(70,188)	(26,330)	(80,966)	(49,784)
Transfers to (from) Level 3				(446)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(3,086)	$ (1,909)	(11,987)	$ (11,984)
Included in Other Comprehensive Income (Loss)	$ (285)		$ 178
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax
Asset balance, End of Year	$ 149,755	$ 146,107	$ 149,755	$ 146,107
Level 3 \| Available for sale securities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	20,814		24,418
Sales/Reductions			(4,702)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	616		1,251
Included in Other Comprehensive Income (Loss)	(285)		178
Asset balance, End of Year	21,145		21,145
Level 3 \| Loans held for sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	51,795	33,993	38,036	40,707
Purchases/Additions	20,765	20,712	46,107	37,508
Sales/Reductions	(11,109)	(7,275)	(17,185)	(30,729)
Transfers to (from) Level 3				(446)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(5,283)	(6,138)	(10,790)	(5,748)
Asset balance, End of Year	56,168	41,292	56,168	41,292
Level 3 \| Loans held for investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	11,211	9,437	10,858	9,181
Sales/Reductions	(11,352)		(11,352)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	141	277	494	533
Asset balance, End of Year		9,714		9,714
Level 3 \| MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	95,591	103,314	96,662	100,825
Purchases/Additions	2,778	6,890	6,089	20,100
Sales/Reductions	(45,129)	(19,055)	(45,129)	(19,055)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(338)	3,952	(4,720)	(6,769)
Asset balance, End of Year	52,902	$ 95,101	52,902	$ 95,101
Level 3 \| Derivative
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	820		820
Sales/Reductions	(2,598)		(2,598)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	1,778		1,778
Level 3 \| Equity investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	19,540		19,540
Total Gains or Losses (Realized or Unrealized):
Asset balance, End of Year	$ 19,540		$ 19,540

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 52,902	$ 96,662
Equity Securities, FV-NI	254	321
Recurring
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Fair Value Disclosure	1,138,549	822,194
Derivative assets, Fair Value	72,671	77,598
Servicing Asset at Fair Value, Amount	52,902	96,662
Equity Securities, FV-NI	254	321
Level 3 \| Recurring
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Fair Value Disclosure	56,168	38,036
Derivative assets, Fair Value		820
Servicing Asset at Fair Value, Amount	52,902	96,662
Level 3 \| Recurring \| Available for sale securities \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 21,145	$ 21,145
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	0.1425	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	0.1575	0.1550
Level 3 \| Recurring \| Loans held for sale \| Price Volatility
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Fair Value Disclosure	$ 56,168	$ 56,168
Loan Held-for-Sale, Valuation Technique [Extensible Enumeration]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Loan Held-for-Sale, Measurement Input [Extensible Enumeration]	Price Volatility	Price Volatility
Level 3 \| Recurring \| Loans held for sale \| Price Volatility \| Weighted Average
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Measurement Input	0.89	0.90
Level 3 \| Recurring \| Loans held for sale \| Price Volatility \| Minimum
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Measurement Input	0.78	0.78
Level 3 \| Recurring \| Loans held for sale \| Price Volatility \| Maximum
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Measurement Input	0.90	0.92
Level 3 \| Recurring \| Loans held for investment \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Loan Held-for-Sale, Valuation Technique [Extensible Enumeration]		us-gaap:ValuationTechniqueDiscountedCashFlowMember
Loan, Held-for-Sale, Measurement Input		0.1000
Loan Held-for-Sale, Measurement Input [Extensible Enumeration]		Discount Rate
Level 3 \| Recurring \| Derivative \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Derivative Asset, Valuation Technique [Extensible Enumeration]		us-gaap:ValuationTechniqueDiscountedCashFlowMember
Derivative Asset, Measurement Input [Extensible Enumeration]		Discount Rate
Derivative Asset, Measurement Input		0.1500
Level 3 \| Recurring \| MSR asset
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 52,902	$ 52,902
Servicing Asset, Valuation Technique [Extensible Enumeration]	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	0.0869	0.0865
Servicing Asset, Measurement Input [Extensible Enumeration]	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	0.1393	0.1167
Servicing Asset, Measurement Input [Extensible Enumeration]	Discount Rate	Discount Rate
Level 3 \| Recurring \| Equity investment
Significant unobservable inputs used in the fair value measurements
Equity Securities, FV-NI	$ 19,540	$ 19,540
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					6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Option
Net Gains (Losses)	$ 58,455			$ 48,535		$ 98,652	$ 88,501
Other Noninterest Income	37,950	$ 54,384	$ 45,583	44,285	$ 40,970	92,334	85,255	$ 130,838	$ 177,425	$ 137,898	$ 164,446
Transfers between Level 1 and Level 2	0			0		0	0
Loans held for sale
Fair Value Option
Net Gains (Losses)	8,193			(12,366)		(3,123)	(2,233)
Total Changes in Fair Value	8,193			(12,366)		(3,123)	(2,233)
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)	(338)			3,952		(4,720)	(6,769)
Total Changes in Fair Value	$ (338)			$ 3,952		$ (4,720)	$ (6,769)

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Held to maturity securities	$ 687,194	$ 731,858
Loans held for investment, net	8,058,438	7,968,332
Broker-dealer and clearing organization receivables	1,297,175	1,573,931
Financial liabilities:
Broker-dealer and clearing organization payables	1,285,226	1,430,734
Carrying Value
Financial assets:
Cash and cash equivalents	803,950	1,859,350
Assets segregated for regulatory purposes	51,046	57,395
Securities purchased under agreements to resell	111,914	80,011
Held to maturity securities	777,456	812,677
Loans held for sale	125,888	121,652
Loans held for investment, net	8,058,438	7,957,474
Broker-dealer and clearing organization receivables	1,297,175	1,573,931
Other assets	72,201	74,613
Financial liabilities:
Deposits	10,373,856	11,063,192
Broker-dealer and clearing organization payables	1,285,226	1,430,734
Short-term borrowings	897,613	900,038
Debt	347,402	347,145
Other liabilities	17,605	24,280
Fair Value
Financial assets:
Cash and cash equivalents	803,950	1,859,350
Assets segregated for regulatory purposes	51,046	57,395
Securities purchased under agreements to resell	111,914	80,011
Held to maturity securities	687,194	731,858
Loans held for sale	126,563	122,240
Loans held for investment, net	8,134,334	8,040,565
Broker-dealer and clearing organization receivables	1,297,175	1,573,931
Other assets	72,201	74,613
Financial liabilities:
Deposits	10,371,076	11,045,957
Broker-dealer and clearing organization payables	1,285,226	1,430,734
Short-term borrowings	897,613	900,038
Debt	329,576	319,505
Other liabilities	17,605	24,280
Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	803,950	1,859,350
Assets segregated for regulatory purposes	51,046	57,395
Fair Value \| Level 2
Financial assets:
Securities purchased under agreements to resell	111,914	80,011
Held to maturity securities	687,194	731,858
Loans held for sale	103,401	99,358
Loans held for investment, net	348,415	344,172
Broker-dealer and clearing organization receivables	1,297,175	1,573,931
Other assets	72,201	74,613
Financial liabilities:
Deposits	10,371,076	11,045,957
Broker-dealer and clearing organization payables	1,285,226	1,430,734
Short-term borrowings	897,613	900,038
Debt	329,576	319,505
Other liabilities	17,605	24,280
Fair Value \| Level 3
Financial assets:
Loans held for sale	23,162	22,882
Loans held for investment, net	$ 7,785,919	$ 7,696,393

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 6,608	$ 22,507	$ 6,608	$ 27,264
Upward adjustments	0	182	0	425
Impairments and downward adjustments	(59)	(35)	(59)	(5,035)
Balance, end of period	6,549	$ 22,654	6,549	$ 22,654
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 36,500		$ 36,500		$ 59,200

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of fair value of trading securities
Debt Securities, Trading	$ 721,384	$ 515,991
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	75,546	34,872
U.S. Treasury securities
Schedule of fair value of trading securities
Debt Securities, Trading	253	3,736
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	6,755	12,867
Residential mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	117,113	124,768
Collateralized mortgage obligations
Schedule of fair value of trading securities
Debt Securities, Trading	192,779	86,281
Other
Schedule of fair value of trading securities
Debt Securities, Trading	9,955	13,079
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	64,768	37,569
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	249,933	180,890
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	69,401	47,768
Other Debt
Schedule of fair value of trading securities
Debt Securities, Trading	$ 10,427	$ 9,033

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Available for sale
Amortized Cost	$ 1,545,966		$ 1,545,966		$ 1,621,747
Unrealized Gains	634		634		1,183
Unrealized Losses	(113,493)		(113,493)		(115,335)
Available for sale securities	1,433,107		1,433,107		1,507,595
Held to maturity
Amortized Cost	777,456		777,456		812,677
Unrealized Gains	46		46		149
Unrealized Losses	(90,308)		(90,308)		(80,968)
Held to maturity, Fair Value	687,194		687,194		731,858
Equity Securities
Equity, at fair value	254		254		321
Net gains due to changes in the fair value of equity securities			200		300
Recognized net (loss) gain on equity securities	(100)	$ (100)	100	$ 100
U.S. Treasury securities
Available for sale
Amortized Cost	4,988		4,988		4,985
Unrealized Losses	(351)		(351)		(368)
Available for sale securities	4,637		4,637		4,617
Bonds
Available for sale
Amortized Cost	148,499		148,499		166,617
Unrealized Gains	167		167		360
Unrealized Losses	(527)		(527)		(811)
Available for sale securities	148,139		148,139		166,166
Residential mortgage-backed securities
Available for sale
Amortized Cost	373,582		373,582		389,160
Unrealized Gains	50		50		25
Unrealized Losses	(41,863)		(41,863)		(39,315)
Available for sale securities	331,769		331,769		349,870
Held to maturity
Amortized Cost	267,450		267,450		278,172
Unrealized Losses	(29,466)		(29,466)		(25,765)
Held to maturity, Fair Value	237,984		237,984		252,407
Commercial mortgage-backed securities
Available for sale
Amortized Cost	196,419		196,419		200,236
Unrealized Gains	153		153		468
Unrealized Losses	(6,339)		(6,339)		(8,958)
Available for sale securities	190,233		190,233		191,746
Held to maturity
Amortized Cost	162,032		162,032		172,879
Unrealized Losses	(13,438)		(13,438)		(12,670)
Held to maturity, Fair Value	148,594		148,594		160,209
Collateralized mortgage obligations
Available for sale
Amortized Cost	763,075		763,075		797,876
Unrealized Gains	249		249		291
Unrealized Losses	(59,858)		(59,858)		(61,686)
Available for sale securities	703,466		703,466		736,481
Held to maturity
Amortized Cost	270,876		270,876		284,208
Unrealized Losses	(40,151)		(40,151)		(37,189)
Held to maturity, Fair Value	230,725		230,725		247,019
Corporate debt securities
Available for sale
Amortized Cost	22,467		22,467		25,919
Unrealized Losses	(1,322)		(1,322)		(1,501)
Available for sale securities	21,145		21,145		24,418
States and political subdivisions
Available for sale
Amortized Cost	36,936		36,936		36,954
Unrealized Gains	15		15		39
Unrealized Losses	(3,233)		(3,233)		(2,696)
Available for sale securities	33,718		33,718		34,297
Held to maturity
Amortized Cost	77,098		77,098		77,418
Unrealized Gains	46		46		149
Unrealized Losses	(7,253)		(7,253)		(5,344)
Held to maturity, Fair Value	$ 69,891		$ 69,891		$ 72,223

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	32	34
Unrealized loss for twelve months or longer \| item	338	336
Total \| item	370	370
Fair Value
Unrealized loss for less than twelve months	$ 88,980	$ 80,456
Unrealized loss for twelve months or longer	1,298,319	1,348,786
Total	1,387,299	1,429,242
Unrealized Loss
Unrealized loss for less than twelve months	2,646	2,579
Unrealized loss for twelve months or longer	110,847	112,756
Total	$ 113,493	$ 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	$ 4,637	$ 4,617
Total	4,637	4,617
Unrealized Loss
Unrealized loss for twelve months or longer	351	368
Total	$ 351	$ 368
Bonds
Number of Securities
Unrealized loss for less than twelve months \| item	4	4
Unrealized loss for twelve months or longer \| item	18	20
Total \| item	22	24
Fair Value
Unrealized loss for less than twelve months	$ 28,711	$ 28,988
Unrealized loss for twelve months or longer	95,733	112,502
Total	124,444	141,490
Unrealized Loss
Unrealized loss for less than twelve months	125	103
Unrealized loss for twelve months or longer	402	708
Total	$ 527	$ 811
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item	15	14
Unrealized loss for twelve months or longer \| item	108	109
Total \| item	123	123
Fair Value
Unrealized loss for less than twelve months	$ 15,662	$ 8,989
Unrealized loss for twelve months or longer	307,591	338,769
Total	323,253	347,758
Unrealized Loss
Unrealized loss for less than twelve months	896	616
Unrealized loss for twelve months or longer	40,967	38,699
Total	$ 41,863	$ 39,315
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item	2	2
Unrealized loss for twelve months or longer \| item	19	18
Total \| item	21	20
Fair Value
Unrealized loss for less than twelve months	$ 9,111	$ 10,413
Unrealized loss for twelve months or longer	192,721	162,470
Total	201,832	172,883
Unrealized Loss
Unrealized loss for less than twelve months	113	282
Unrealized loss for twelve months or longer	6,226	8,676
Total	$ 6,339	$ 8,958
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months \| item	2	2
Unrealized loss for twelve months or longer \| item	135	138
Total \| item	137	140
Fair Value
Unrealized loss for less than twelve months	$ 10,102	$ 11,560
Unrealized loss for twelve months or longer	671,271	709,571
Total	681,373	721,131
Unrealized Loss
Unrealized loss for less than twelve months	138	22
Unrealized loss for twelve months or longer	59,720	61,665
Total	$ 59,858	$ 61,687
Corporate debt securities
Number of Securities
Unrealized loss for less than twelve months \| item	2	2
Total \| item	2	2
Fair Value
Unrealized loss for less than twelve months	$ 22,467	$ 13,483
Total	22,467	13,483
Unrealized Loss
Unrealized loss for less than twelve months	1,322	1,501
Total	$ 1,322	$ 1,501
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item	7	10
Unrealized loss for twelve months or longer \| item	57	50
Total \| item	64	60
Fair Value
Unrealized loss for less than twelve months	$ 2,927	$ 7,023
Unrealized loss for twelve months or longer	26,366	20,857
Total	29,293	27,880
Unrealized Loss
Unrealized loss for less than twelve months	52	55
Unrealized loss for twelve months or longer	3,181	2,640
Total	$ 3,233	$ 2,695

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	16	39
Unrealized loss for twelve months or longer \| item	288	257
Total \| item	304	296
Fair Value
Unrealized loss for less than twelve months	$ 9,679	$ 15,506
Unrealized loss for twelve months or longer	703,742	730,607
Total	713,421	746,113
Unrealized Losses
Unrealized loss for less than twelve months	272	479
Unrealized loss for twelve months or longer	90,036	80,489
Total	$ 90,308	$ 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	$ 267,450	$ 278,172
Total	267,450	278,172
Unrealized Losses
Unrealized loss for twelve months or longer	29,466	25,765
Total	$ 29,466	$ 25,765
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for twelve months or longer \| item	28	31
Total \| item	28	31
Fair Value
Unrealized loss for twelve months or longer	$ 148,595	$ 160,208
Total	148,595	160,208
Unrealized Losses
Unrealized loss for twelve months or longer	13,438	12,670
Total	$ 13,438	$ 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	$ 230,725	$ 247,019
Total	230,725	247,019
Unrealized Losses
Unrealized loss for twelve months or longer	40,151	37,189
Total	$ 40,151	$ 37,189
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item	16	39
Unrealized loss for twelve months or longer \| item	161	128
Total \| item	177	167
Fair Value
Unrealized loss for less than twelve months	$ 9,679	$ 15,506
Unrealized loss for twelve months or longer	56,972	45,208
Total	66,651	60,714
Unrealized Losses
Unrealized loss for less than twelve months	272	479
Unrealized loss for twelve months or longer	6,981	4,865
Total	$ 7,253	$ 5,344

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 27,823
Due after one year through five years	78,045
Due after five years through ten years	56,912
Due after ten years	50,110
Total	212,890
Amortized Cost	1,545,966	$ 1,621,747
AFS, Fair Value, Rolling Maturity
Due in one year or less	27,743
Due after one year through five years	76,073
Due after five years through ten years	56,466
Due after ten years	47,357
Total	207,639
Fair Value	1,433,107	1,507,595
Residential mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	373,582
Amortized Cost	373,582	389,160
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	331,769
Fair Value	331,769	349,870
Commercial mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	196,419
Amortized Cost	196,419	200,236
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	190,233
Fair Value	190,233	191,746
Collateralized mortgage obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	763,075
Amortized Cost	763,075	797,876
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	703,466
Fair Value	$ 703,466	$ 736,481

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
HTM, Amortized Cost, Rolling Maturities
Due after one year through five years	$ 3,235
Due after five years through ten years	39,274
Due after ten years	34,589
Total	77,098
Amortized Cost	777,456	$ 812,677
HTM, Fair Value, Rolling Maturities
Due after one year through five years	3,026
Due after five years through ten years	36,043
Due after ten years	30,822
Total	69,891
Fair Value	687,194	731,858
Residential mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	267,450
Amortized Cost	267,450	278,172
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	237,984
Fair Value	237,984	252,407
Commercial mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	162,032
Amortized Cost	162,032	172,879
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	148,594
Fair Value	148,594	160,209
Collateralized mortgage obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	270,876
Amortized Cost	270,876	284,208
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	230,725
Fair Value	$ 230,725	$ 247,019

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Securities
Realized net gains from trading securities portfolio	$ 12.4	$ 14.1	$ 20.1	$ 29.5
Financial Instrument, Owned, Pledged Status [Extensible Enumeration]	Asset Pledged as Collateral		Asset Pledged as Collateral		Asset Pledged as Collateral
Asset Pledged as Collateral
Securities
Carrying amount of securities pledged	$ 597.5		$ 597.5		$ 537.2
Fair value of securities pledged	544.7		544.7		$ 503.1
Hilltop Broker-Dealers
Securities
Realized net gains from trading securities portfolio	8.1	$ 11.7	40.8	$ 44.7
Realized net gains (losses) from other securities	$ 0		$ 0

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans
Loans	$ 8,173,520		$ 8,079,745
Allowance for loan losses	(115,082)	$ (104,231)	(111,413)	$ (109,306)	$ (97,354)	$ (95,442)
Loans held for investment, net	8,058,438		7,968,332
Commercial Real Estate \| Non-owner occupied
Loans
Loans	2,001,338		1,889,882
Commercial Real Estate \| Owner occupied
Loans
Loans	1,475,218		1,422,234
Commercial and industrial
Loans
Loans	1,687,502		1,607,833
Allowance for loan losses	(28,869)	(16,552)	(20,926)	(17,315)	(16,615)	(16,035)
Construction and land development
Loans
Loans	858,185		1,031,095
Allowance for loan losses	(7,594)	(10,008)	(12,102)	(7,395)	(5,999)	(6,051)
Residential
Loans
Loans	1,775,571		1,757,178
Allowance for loan losses	(7,912)	(8,744)	(9,461)	(11,618)	(11,691)	(9,313)
Consumer
Loans
Loans	27,291		27,351
Allowance for loan losses	(547)	(544)	(648)	(615)	(563)	(554)
Broker-dealer
Loans
Loans	348,415		344,172
Allowance for loan losses	$ (67)	$ (83)	$ (101)	$ (901)	$ (965)	$ (234)

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 8,173,520	$ 8,079,745
Accruing Loans Past Due 90 Days or More	856
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	12,928	25,716
60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,996	4,732
90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,294	10,254
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	24,218	40,702
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,149,302	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	121,600	115,100
Unpaid principal balance loans past due 90 days or more	122,300	115,700
Commercial Real Estate \| Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,001,338	1,889,882
Commercial Real Estate \| Non-owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	559	6,125
Commercial Real Estate \| Non-owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	797	799
Commercial Real Estate \| Non-owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,356	6,924
Commercial Real Estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,999,982	1,882,958
Commercial Real Estate \| Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,475,218	1,422,234
Commercial Real Estate \| Owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans		6,823
Commercial Real Estate \| Owner occupied \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	5,218	386
Commercial Real Estate \| Owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	9	3,897
Commercial Real Estate \| Owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	5,227	11,106
Commercial Real Estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,469,991	1,411,128
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,687,502	1,607,833
Accruing Loans Past Due 90 Days or More	27
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,174	3,348
Commercial and industrial \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3	1,496
Commercial and industrial \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,004	2,074
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,181	6,918
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,679,321	1,600,915
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	858,185	1,031,095
Construction and land development \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,062	767
Construction and land development \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	192	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	2,531	2,597
Construction and land development \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	855,654	1,028,498
Residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,775,571	1,757,178
Accruing Loans Past Due 90 Days or More	829
Residential \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,049	8,625
Residential \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,568	1,292
Residential \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,206	3,203
Residential \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6,823	13,120
Residential \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,768,748	1,744,058
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,291	27,351
Consumer \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	84	28
Consumer \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	15	4
Consumer \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1	5
Consumer \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	100	37
Consumer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	27,191	27,314
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	348,415	344,172
Broker-dealer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 348,415	$ 344,172

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Non-accrual loans
Non-accrual Loans With Allowance	$ 52,827		$ 52,827		$ 44,839
Non-accrual Loans With No Allowance	48,778		48,778		19,498
Non-accrual loans	101,605		101,605		64,337
Interest Income Recognized	$ 2,047	$ 865	3,971	$ 1,645
Increase (decrease) in non-accrual status loans			$ 37,300
Auto note financing industry subsector
Non-accrual loans
Number of loan relationships \| item	2		2
Increase in financing receivable non accrual status			$ 65,300
Commercial Real Estate
Non-accrual loans
Increase (decrease) in non-accrual status loans			(29,500)
Decrease in financing receivable non accrual status			77,100
Commercial Real Estate \| Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	$ 414		414		33,728
Non-accrual Loans With No Allowance	6,480		6,480		2,712
Non-accrual loans	6,894		6,894		36,440
Interest Income Recognized	317	58	1,511	181
Commercial Real Estate \| Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	4,601		4,601		4,630
Non-accrual Loans With No Allowance	1,836		1,836		468
Non-accrual loans	6,437		6,437		5,098
Interest Income Recognized	670	261	763	324
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	47,009		47,009		5,216
Non-accrual Loans With No Allowance	33,746		33,746		4,286
Non-accrual loans	80,755		80,755		9,502
Interest Income Recognized	461	138	563	269
Addition of loans in non-accrual status			71,300
Increase in financing receivable non accrual status			77,100
Construction and land development
Non-accrual loans
Non-accrual Loans With Allowance	287		287		533
Non-accrual Loans With No Allowance					2,749
Non-accrual loans	287		287		3,282
Interest Income Recognized	$ 20	29	$ 62	36
Number of loan relationships \| item	2		2
Increase (decrease) in non-accrual status loans			$ (3,000)
Decrease in financing receivable non accrual status			2,900
Residential
Non-accrual loans
Non-accrual Loans With Allowance	$ 515		515		726
Non-accrual Loans With No Allowance	6,716		6,716		9,283
Non-accrual loans	7,231		7,231		10,009
Interest Income Recognized	579	$ 379	1,072	$ 835
Increase (decrease) in non-accrual status loans			(2,800)
Residential \| Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	4,100		4,100		4,000
Consumer
Non-accrual loans
Non-accrual Loans With Allowance	1		1		6
Non-accrual loans	$ 1		$ 1		$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.20%	0.20%	0.30%	0.70%
Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 13,771	$ 19,455	$ 14,537	$ 57,443
Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified			5,789	$ 2,960
Combination Term Extension and Rate Reduction
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 481		$ 481
Commercial Real Estate \| Non-owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment		0.50%		2.30%
Commercial Real Estate \| Non-owner occupied \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified		$ 9,088		$ 43,538
Commercial Real Estate \| Owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0%		0.30%	0.20%
Commercial Real Estate \| Owner occupied \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 126		$ 522	$ 2,214
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	0.80%	0.60%	0.80%	0.80%
Commercial and industrial \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 13,166	$ 10,059	$ 13,525	$ 11,383
Commercial and industrial \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified			155	$ 2,960
Commercial and industrial \| Combination Term Extension and Rate Reduction
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 481		$ 481
Construction and land development
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment		0%	0.20%	0%
Construction and land development \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified		$ 308	$ 11	$ 308
Construction and land development \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified			$ 1,752
Residential
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0%		0%
Residential \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 479		$ 479

Loans Held for Investment - A_2

Loans Held for Investment - Aging of Modified Loans (Details) $ in Thousands	Jun. 30, 2024 USD ($)
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 1,543
60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,882
90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	9
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	5,434
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	10,189
Commercial Real Estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	371
Commercial Real Estate \| Owner occupied \| 60-89 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	9
Commercial Real Estate \| Owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	3,891
Commercial Real Estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	4,017
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	1,543
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	1,543
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	5,762
Construction and land development \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	11
Residential \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 28

Loans Held for Investment - Fin

Loans Held for Investment - Financial effects of the loans held for investment modified for borrowers (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)	0.50%		0.50%
Weighted-Average Term Extension (in months)	12 months	12 months	12 months	22 months
Commercial Real Estate \| Non-owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)		17 months		25 months
Commercial Real Estate \| Owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	23 months		16 months	35 months
Commercial and industrial
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)	0.50%		0.50%
Weighted-Average Term Extension (in months)	12 months	8 months	12 months	8 months
Construction and land development
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)		9 months	15 months	9 months
Residential
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	8 months		8 months

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Internal risk grades of non-covered loans
2024	$ 756,817		$ 756,817
2023	1,195,341		1,195,341
2022	1,727,399		1,727,399
2021	1,781,774		1,781,774
2020	560,898		560,898
2019 and Prior	707,714		707,714
Revolving	724,046		724,046
Loans Converted To Term Loans	93,157		93,157
Total loans with credit quality measures	7,547,146		7,547,146
Loan Charge-offs	681	$ 3,073	5,392	$ 4,251
Total	8,173,520		8,173,520		$ 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	2,001,338		2,001,338		1,889,882
Commercial Real Estate \| Non-owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	5,068		5,068
2023	5,022		5,022
2022	45,182		45,182
2021	84,375		84,375
2020	3,599		3,599
2019 and Prior	4,764		4,764
Revolving	(1)		(1)
Total loans with credit quality measures	148,009		148,009
Commercial Real Estate \| Non-owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	88,007		88,007
2023	192,393		192,393
2022	275,740		275,740
2021	312,086		312,086
2020	115,851		115,851
2019 and Prior	104,536		104,536
Revolving	19,823		19,823
Loans Converted To Term Loans	16,622		16,622
Total loans with credit quality measures	1,125,058		1,125,058
Commercial Real Estate \| Non-owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	36,862		36,862
2023	125,780		125,780
2022	201,935		201,935
2021	61,535		61,535
2020	107,711		107,711
2019 and Prior	75,896		75,896
Revolving	22,460		22,460
Loans Converted To Term Loans	1,381		1,381
Total loans with credit quality measures	633,560		633,560
Commercial Real Estate \| Non-owner occupied \| Special Mention
Internal risk grades of non-covered loans
2022	15,497		15,497
2021	5,188		5,188
2020	3,709		3,709
2019 and Prior	25,470		25,470
Total loans with credit quality measures	49,864		49,864
Commercial Real Estate \| Non-owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	541		541
2023	1,893		1,893
2022	7,624		7,624
2021	26,202		26,202
2019 and Prior	1,692		1,692
Total loans with credit quality measures	37,952		37,952
Commercial Real Estate \| Non-owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	4,194		4,194
2022	1,377		1,377
2019 and Prior	1,323		1,323
Total loans with credit quality measures	6,894		6,894
Commercial Real Estate \| Owner occupied
Internal risk grades of non-covered loans
Total	1,475,218		1,475,218		1,422,234
Commercial Real Estate \| Owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	19,566		19,566
2023	60,222		60,222
2022	21,117		21,117
2021	41,285		41,285
2020	42,852		42,852
2019 and Prior	57,287		57,287
Revolving	5,787		5,787
Loans Converted To Term Loans	13,136		13,136
Total loans with credit quality measures	261,252		261,252
Commercial Real Estate \| Owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	51,120		51,120
2023	93,884		93,884
2022	175,706		175,706
2021	196,299		196,299
2020	55,985		55,985
2019 and Prior	152,195		152,195
Revolving	19,056		19,056
Loans Converted To Term Loans	9,187		9,187
Total loans with credit quality measures	753,432		753,432
Commercial Real Estate \| Owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	26,884		26,884
2023	63,502		63,502
2022	87,602		87,602
2021	68,659		68,659
2020	78,373		78,373
2019 and Prior	80,713		80,713
Revolving	5,277		5,277
Loans Converted To Term Loans	514		514
Total loans with credit quality measures	411,524		411,524
Commercial Real Estate \| Owner occupied \| Special Mention
Internal risk grades of non-covered loans
2022	354		354
2020	1,204		1,204
Total loans with credit quality measures	1,558		1,558
Commercial Real Estate \| Owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	395		395
2023	2,068		2,068
2022	7,416		7,416
2021	8,719		8,719
2020	6,268		6,268
2019 and Prior	16,149		16,149
Total loans with credit quality measures	41,015		41,015
Commercial Real Estate \| Owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	4,008		4,008
2023	9		9
2022	1,322		1,322
2021	628		628
2019 and Prior	470		470
Total loans with credit quality measures	6,437		6,437
Commercial and industrial
Internal risk grades of non-covered loans
Current period gross charge-offs, 2024			29
Current period gross charge-offs, 2023			200
Current period gross charge-offs,2022			385
Current period gross charge-offs, 2021			104
Current period gross charge-offs, 2020			312
Current period gross charge-offs, 2019 and prior			1,458
Current period gross charge-offs, Revolving			837
Current period gross charge-offs, Loans Converted To Term Loans			273
Loan Charge-offs	615	3,020	3,598	3,079
Total	1,687,502		1,687,502		1,607,833
Commercial and industrial \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	2,698		2,698
2023	18,567		18,567
2022	16,255		16,255
2021	34,098		34,098
2020	9,704		9,704
2019 and Prior	15,667		15,667
Revolving	25,966		25,966
Total loans with credit quality measures	122,955		122,955
Commercial and industrial \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	56,009		56,009
2023	40,174		40,174
2022	46,905		46,905
2021	61,019		61,019
2020	16,721		16,721
2019 and Prior	12,106		12,106
Revolving	329,941		329,941
Loans Converted To Term Loans	2,825		2,825
Total loans with credit quality measures	565,700		565,700
Commercial and industrial \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	101,168		101,168
2023	74,162		74,162
2022	77,908		77,908
2021	75,149		75,149
2020	18,336		18,336
2019 and Prior	9,152		9,152
Revolving	249,683		249,683
Loans Converted To Term Loans	2,641		2,641
Total loans with credit quality measures	608,199		608,199
Commercial and industrial \| Special Mention
Internal risk grades of non-covered loans
2019 and Prior	337		337
Revolving	1,200		1,200
Total loans with credit quality measures	1,537		1,537
Commercial and industrial \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	7,338		7,338
2023	5,613		5,613
2022	2,569		2,569
2021	2,024		2,024
2020	1,144		1,144
2019 and Prior	968		968
Revolving	9,571		9,571
Loans Converted To Term Loans	1,171		1,171
Total loans with credit quality measures	30,398		30,398
Commercial and industrial \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	10,943		10,943
2023	9,001		9,001
2022	9,570		9,570
2021	4,507		4,507
2020	294		294
2019 and Prior	876		876
Revolving	849		849
Loans Converted To Term Loans	44,715		44,715
Total loans with credit quality measures	80,755		80,755
Commercial and industrial \| Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	277,959		277,959
Construction and land development
Internal risk grades of non-covered loans
Total	858,185		858,185		1,031,095
Construction and land development \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	124		124
2023	3,887		3,887
2019 and Prior	853		853
Total loans with credit quality measures	4,864		4,864
Construction and land development \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	2,056		2,056
2023	13,152		13,152
2021	119		119
2020	49		49
Total loans with credit quality measures	15,376		15,376
Construction and land development \| Other.
Internal risk grades of non-covered loans
2024	90		90
Total loans with credit quality measures	90		90
Construction and land development \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	3,457		3,457
2023	35		35
2022	2,795		2,795
2021	879		879
2019 and Prior	241		241
Total loans with credit quality measures	7,407		7,407
Construction and land development \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	83,339		83,339
2023	146,121		146,121
2022	143,057		143,057
2021	62,616		62,616
2020	6,486		6,486
2019 and Prior	2,807		2,807
Revolving	7,978		7,978
Total loans with credit quality measures	452,404		452,404
Construction and land development \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	137,875		137,875
2023	145,203		145,203
2022	41,070		41,070
2021	29,003		29,003
2020	2,839		2,839
2019 and Prior	2,471		2,471
Revolving	14,745		14,745
Total loans with credit quality measures	373,206		373,206
Construction and land development \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	1,138		1,138
2023	3,145		3,145
2022	159		159
2021	109		109
Total loans with credit quality measures	4,551		4,551
Construction and land development \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2023	287		287
Total loans with credit quality measures	287		287
Residential
Internal risk grades of non-covered loans
Current period gross charge-offs, 2019 and prior			1
Loan Charge-offs	1		1	73
Total	1,775,571		1,775,571		1,757,178
Residential \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2024	164		164
2023	632		632
2022	1,427		1,427
2021	481		481
2020	740		740
2019 and Prior	21,965		21,965
Revolving	215		215
Total loans with credit quality measures	25,624		25,624
Residential \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	9,885		9,885
2023	11,621		11,621
2022	15,445		15,445
2021	9,270		9,270
2020	4,256		4,256
2019 and Prior	28,299		28,299
Revolving	875		875
Loans Converted To Term Loans	185		185
Total loans with credit quality measures	79,836		79,836
Residential \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	83,934		83,934
2023	148,373		148,373
2022	511,329		511,329
2021	692,989		692,989
2020	82,936		82,936
2019 and Prior	79,700		79,700
Revolving	3,933		3,933
Loans Converted To Term Loans	735		735
Total loans with credit quality measures	1,603,929		1,603,929
Residential \| Substandard non-accrual
Internal risk grades of non-covered loans
2024	29		29
2019 and Prior	7,202		7,202
Total loans with credit quality measures	7,231		7,231
Residential \| Other.
Internal risk grades of non-covered loans
2024	14,593		14,593
2023	19,533		19,533
2022	14,269		14,269
2021	3,415		3,415
2020	1,354		1,354
2019 and Prior	4,500		4,500
Revolving	1,287		1,287
Total loans with credit quality measures	58,951		58,951
Consumer
Internal risk grades of non-covered loans
Current period gross charge-offs, 2024			57
Current period gross charge-offs, 2023			79
Current period gross charge-offs, 2019 and prior			2
Current period gross charge-offs, Revolving			7
Current period gross charge-offs, Loans Converted To Term Loans			1
Loan Charge-offs	65	$ 53	146	$ 122
Total	27,291		27,291		27,351
Consumer \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2024	643		643
2023	278		278
2022	288		288
2021	30		30
2020	58		58
2019 and Prior	6		6
Revolving	357		357
Loans Converted To Term Loans	8		8
Total loans with credit quality measures	1,668		1,668
Consumer \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	2,259		2,259
2023	1,987		1,987
2022	917		917
2021	321		321
2020	179		179
2019 and Prior	49		49
Revolving	1,984		1,984
Loans Converted To Term Loans	36		36
Total loans with credit quality measures	7,732		7,732
Consumer \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	1,675		1,675
2023	2,798		2,798
2022	1,707		1,707
2021	634		634
2020	233		233
2019 and Prior	7		7
Revolving	2,801		2,801
Loans Converted To Term Loans	1		1
Total loans with credit quality measures	9,856		9,856
Consumer \| Substandard non-accrual
Internal risk grades of non-covered loans
2019 and Prior	1		1
Total loans with credit quality measures	1		1
Consumer \| Other.
Internal risk grades of non-covered loans
2024	4,949		4,949
2023	1,805		1,805
2022	857		857
2021	135		135
2020	17		17
2019 and Prior	12		12
Revolving	259		259
Total loans with credit quality measures	8,034		8,034
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	348,415		348,415
Total	$ 348,415		$ 348,415		$ 344,172

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for loan losses
Available for sale debt securities past due	$ 0		$ 0
Available-for-sale allowance for credit loss	0		0
Provision (reversal) in allowance on individually evaluated loans	8,000	$ 1,900	12,100	$ 2,700
Provision (reversal) in allowance on collectively evaluated loans	3,000	12,900	4,000	14,500
Net charge-offs	$ 100	$ 2,900	$ 4,400	$ 3,300
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 104,231	$ 97,354	$ 111,413	$ 95,442
Provision for (Reversal of) Credit Losses	10,934	14,836	8,063	17,167
Loans Charged Off	(681)	(3,073)	(5,392)	(4,251)
Recoveries on Charged Off Loans	598	189	998	948
Balance, End of Period	115,082	109,306	115,082	109,306
Non-owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	39,563	38,667	40,061	39,247
Provision for (Reversal of) Credit Losses	(2,242)	4,906	(1,093)	4,326
Loans Charged Off			(1,647)
Recoveries on Charged Off Loans		9		9
Balance, End of Period	37,321	43,582	37,321	43,582
Owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	28,737	22,854	28,114	24,008
Provision for (Reversal of) Credit Losses	4,029	5,015	4,643	4,827
Loans Charged Off				(977)
Recoveries on Charged Off Loans	6	11	15	22
Balance, End of Period	32,772	27,880	32,772	27,880
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	16,552	16,615	20,926	16,035
Provision for (Reversal of) Credit Losses	12,480	3,632	10,747	3,579
Loans Charged Off	(615)	(3,020)	(3,598)	(3,079)
Recoveries on Charged Off Loans	452	88	794	780
Balance, End of Period	28,869	17,315	28,869	17,315
Construction and land development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	10,008	5,999	12,102	6,051
Provision for (Reversal of) Credit Losses	(2,415)	1,396	(4,510)	1,344
Recoveries on Charged Off Loans	1		2
Balance, End of Period	7,594	7,395	7,594	7,395
Residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	8,744	11,691	9,461	9,313
Provision for (Reversal of) Credit Losses	(924)	(108)	(1,652)	2,326
Loans Charged Off	(1)		(1)	(73)
Recoveries on Charged Off Loans	93	35	104	52
Balance, End of Period	7,912	11,618	7,912	11,618
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	544	563	648	554
Provision for (Reversal of) Credit Losses	22	59	(38)	98
Loans Charged Off	(65)	(53)	(146)	(122)
Recoveries on Charged Off Loans	46	46	83	85
Balance, End of Period	547	615	547	615
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	83	965	101	234
Provision for (Reversal of) Credit Losses	(16)	(64)	(34)	667
Balance, End of Period	$ 67	$ 901	$ 67	$ 901

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 8,296	$ 6,805	$ 8,876	$ 7,784
Other noninterest expense	289	1,187	(291)	208
Balance, end of period	$ 8,585	$ 7,992	$ 8,585	$ 7,992

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Change in fair value of mortgage servicing rights
Balance, beginning of year			$ 96,662
Balance, end of year	$ 52,902		52,902		$ 96,662
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	95,591	$ 103,314	96,662	$ 100,825	100,825
Additions	2,778	6,890	6,089	20,100
Sales	(45,129)	(19,055)	(45,129)	(19,055)
Changes in fair value: Due to changes in model inputs or assumptions	986	5,326	(2,008)	(4,539)
Changes in fair value: Due to customer payoffs	(1,324)	(1,374)	(2,712)	(2,230)
Balance, end of year	52,902	$ 95,101	52,902	$ 95,101	96,662
Mortgage loans serviced for others	$ 2,453,258		$ 2,453,258		$ 5,227,404
MSR asset as a percentage of serviced mortgage loans	2.16%		2.16%		1.85%
Key Assumptions
Weighted average constant prepayment rate (as a percent)			8.69%		8.65%
Weighted average discount rate (as a percent)			13.93%		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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (1,782)		$ (1,782)		$ (3,511)
Constant prepayment rate: Impact of 20% adverse change	(3,459)		(3,459)		(6,796)
Discount rate: Impact of 10% adverse change	(2,741)		(2,741)		(4,474)
Discount rate: Impact of 20% adverse change	(5,206)		(5,206)		$ (8,537)
Contractually specified servicing fees, late fees and ancillary fees	$ 8,400	$ 8,300	$ 16,700	$ 15,600

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deposits.
Noninterest-bearing demand	$ 2,845,441	$ 3,007,101
Interest-bearing:
Demand accounts	3,932,560	4,496,682
Brokered - demand	4,725	156,692
Money market	2,145,639	1,869,809
Brokered - money market	10,375	8,828
Savings	232,048	259,745
Time	1,203,068	1,221,935
Brokered - time		42,400
Total deposits	10,373,856	$ 11,063,192
Time deposits that meet or exceed FDIC insurance limit	$ 554,500

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	6 Months Ended
Short-term Borrowings (Details) $ in Thousands	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Short-term borrowings
Short-term borrowings	$ 897,613		$ 900,038
Federal funds purchased
Short-term borrowings
Short-term borrowings	417,508		459,658
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 255,861		240,050
Federal Home Loan Bank
Short-term borrowings
Average balance during the period		$ 252,901
Average interest rate during the period	5.71%	5.05%
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	$ 224,244		$ 200,330
Number of commercial paper programs initiated \| item	2
Weighted average interest rate on short-term bank loan borrowings (as a percent)	6.13%
Weighted average remaining life	68 days
Debt instrument, collateral	$ 249,800
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	148 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	$ 729,891	$ 768,514
Average interest rate during the period	5.50%	5.16%
Average interest rate at end of period (as a percent)	5.61%		5.60%
Securities underlying the agreements at end of period: Carrying value	$ 255,160		$ 239,103
Securities underlying the agreements at end of period: Estimated fair value	$ 280,111		$ 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	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument
Notes payable	$ 347,402	$ 347,145
Senior Notes due April 2025
Debt Instrument
Notes payable	149,600	149,498
Unamortized discount	400	502
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,542	49,489
Unamortized discount	458	511
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	148,260	148,158
Unamortized discount	$ 1,740	$ 1,842

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finance leases:
Premises and equipment	$ 7,780	$ 7,780
Accumulated depreciation	(6,832)	(6,537)
Premises and equipment, net	$ 948	$ 1,243

Leases - Components of lease co

Leases - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Components of operating lease costs
Operating lease cost	$ 8,423	$ 9,015	$ 16,984	$ 17,744
Less operating lease and sublease income	(670)	(678)	(1,351)	(1,311)
Net operating lease cost	7,753	8,337	15,633	16,433
Amortization of ROU assets	147	147	295	295
Interest on lease liabilities	90	108	185	220
Total finance lease cost	$ 237	$ 255	$ 480	$ 515

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases
Operating cash flows from operating leases	$ 17,262	$ 19,150
Operating cash flows from finance leases	188	222
Financing cash flows from finance leases	462	409
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 18,307	$ 9,559

Leases - Lease terms and discou

Leases - Lease terms and discount rates (Details)	Jun. 30, 2024	Dec. 31, 2023
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 6 months	5 years 3 months 18 days
Finance - Weighted Average Remaining Lease Term (Years)	3 years	3 years 3 months 18 days
Operating - Weighted Average Discount Rate	5.45%	4.59%
Finance - Weighted Average Discount Rate	5.06%	4.98%

Leases- Lease maturities (Detai

Leases- Lease maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating leases maturities
2024	$ 15,489
2025	28,768
2026	23,047
2027	18,238
2028	13,997
Thereafter	32,094
Total minimum lease payments	131,633
Less amount representing interest	(18,537)
Lease liabilities	113,096	$ 109,002
Finance Leases maturities:
2024	512
2025	886
2026	813
2027	448
2028	149
Total minimum lease payments	2,808
Less amount representing interest	(725)
Lease liabilities	$ 2,083
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Leases - Operating leases that

Leases - Operating leases that have not yet commenced (Details)	Jun. 30, 2024
Leases
Expected to commence	1 year

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Taxes
Effective income tax rate (as a percent)	22.50%	26.40%	22.50%	18.50%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 08, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 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		$ 23,479	$ 27,197	$ 26,909	$ 31,244
Claims made		6,844	16,594	17,153	31,009
Claims resolved with no payment		(991)	(4,237)	(7,460)	(9,785)
Repurchases		(5,533)	(11,092)	(12,317)	(21,000)
Indemnification payments		(809)	(895)	(1,295)	(3,901)
Balance, end of period		22,990	27,567	22,990	27,567
Reserve for Indemnification Liability:
Total		22,990	27,567	22,990	27,567	$ 26,909
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses		800	500	1,100	800
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period		9,771	18,270	11,691	20,528
Additions for new sales		774	490	1,110	837
Repurchases		(1,225)	(3,525)	(3,084)	(5,885)
Early payment defaults		(171)	(133)	(490)	(231)
Indemnification payments		(54)	(44)	(132)	(191)
Balance, end of period		9,095	15,058	9,095	15,058
Reserve for Indemnification Liability:
Specific claims		902		902		951
Incurred but not reported claims		8,193		8,193		10,740
Total		$ 9,095	$ 15,058	$ 9,095	$ 15,058	$ 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	Jun. 30, 2024 USD ($)
Commitments to Extend Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 2,000
Standby Letters of Credit
Financial Instruments with Off-Balance Sheet Risk
Outstanding commitments	$ 62.6

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
2020 Plan \| Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	8,050	9,957

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - Restricted Stock Units (RSUs) [Member] shares in Thousands	6 Months Ended
	Jun. 30, 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	(522)
Forfeited (in shares) \| shares	(15)
Balance at the end of the period ( in shares) \| shares	1,227
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	32.98
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 - Restricted Stock Units (RSUs) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	89,896
Number of shares awarded (in shares)	512,000
Number of awards subject to time-based vesting (in shares)	899,739
Number of awards vesting upon achievement of performance goals (in shares)	327,626
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense \| $	$ 19.4
Weighted average period for unrecognized compensation expense (in years)	1 year 7 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)	306,900
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	6 Months Ended
	Jun. 30, 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	$ 1,431,873	$ 1,407,660
Actual Ratio	0.1136	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	$ 1,431,873	$ 1,407,660
Actual Ratio	0.1558	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	$ 1,431,873	$ 1,407,660
Actual Ratio	0.1558	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	$ 1,541,564	$ 1,511,239
Actual Ratio	0.1677	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	$ 1,982,667	$ 1,974,918
Actual Ratio	0.1287	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	$ 1,982,667	$ 1,974,918
Actual Ratio	0.1945	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 1,982,667	$ 1,974,918
Actual Ratio	0.1945	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,300,909	$ 2,284,357
Actual Ratio	0.2257	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	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 51,046	$ 57,395	$ 50,711
Hilltop Securities
Net Capital
Net capital	270,835
Less: required net capital	6,539
Excess net capital	$ 264,296
Net capital as a percentage of aggregate debit items	82.80%
Net capital in excess of 5% aggregate debt items	$ 254,489
Momentum Independent Network
Net Capital
Net capital	4,046
Less: required net capital	280
Excess net capital	3,766
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 51,000	$ 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%
Capital ratio	4.41%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 25, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 31, 2024
Stock repurchase program
Cash dividends declared per common share		$ 0.17	$ 0.16	$ 0.34	$ 0.32
Cash dividends paid				$ 22,200	$ 20,800
Repurchase common stock authorized amount						$ 75,000
Payments to repurchase shares				$ 19,864	$ 4,503
Repurchase of common stock (in shares)				640,042
Average price (per share)				$ 31.01
Subsequent Event \| 2024 Q3 Dividends
Stock repurchase program
Cash dividends declared per common share	$ 0.17
Dividends Payable, Date Declared	Jul. 25, 2024
Dividends Payable, Date to be Paid	Aug. 30, 2024
Dividends Payable, Date of Record	Aug. 16, 2024

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Bank And PrimeLending [Member]
Derivative financial instruments
Cash collateral advanced to offset net derivative assets	$ 53,900		$ 53,900		$ 51,800
Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	580	$ 1,888	11,206	$ 6,785
Not Designated as Hedging Instrument \| Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(676)	3,950	(4,621)	(17,230)
Not Designated as Hedging Instrument \| Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	24	$ (4)	13	$ (17)
Not Designated as Hedging Instrument \| PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	8,300		8,300		7,600
Interest Rate Lock Commitments \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	683,767		683,767		383,767
Estimated Fair Value	8,465		8,465		7,734
Commitments to Purchase MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	1,207,778		1,207,778		1,470,142
Estimated Fair Value	3,885		3,885		15,666
Commitments to Sell MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,433,655		2,433,655		2,222,225
Estimated Fair Value	(967)		(967)		(17,870)
Commitments to Sell MBSs \| Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	3,400		3,400		14,700
Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	41,000		41,000		33,500
Estimated Fair Value	(1,485)		(1,485)		(5,349)
Interest Rate Swap \| Designated as Hedging Instrument
Derivative financial instruments
Carrying value of available for sale securities and loans held for investment	307,600		307,600		290,200
Interest Rate Swap \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	335,000		335,000		410,000
Estimated Fair Value	12,712		12,712		14,277
Interest Rate Swap \| Fair Value Hedging \| Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	347,033		347,033		325,193
Estimated Fair Value	39,280		39,280		34,799
Designated hedge amount from closed portfolio of available for sale securities and loans held for investment	347,000		347,000		325,300
Cumulative adjustment in available for sale securities and loans held for investment	39,500		39,500		35,000
Interest rate swaps back-to-back (asset) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	5,810		5,810		1,421
Estimated Fair Value	172		172		176
Interest rate swaps back-to-back (liability) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	5,810		5,810		1,421
Estimated Fair Value	(173)		(173)		(191)
US Treasury Bond Securities \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	237,400		237,400		306,200
Estimated Fair Value	39		39		430
Interest rate and other futures \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	274,900		274,900		224,800
Credit Default Swap \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	30,000		30,000
Estimated Fair Value	$ 47		$ 47
Warrant \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount					866
Estimated Fair Value					$ 820

Balance Sheet Offsetting - Asse

Balance Sheet Offsetting - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 111,914	$ 80,011
Total
Gross Amounts of Recognized Assets	1,429,250	1,553,386
Net Amounts of Assets Presented in the Balance Sheet	1,429,250	1,553,386
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,297,877)	(1,413,061)
Cash Collateral Pledged	(52,266)	(49,253)
Net Amount	79,107	91,072
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,258,578	1,406,937
Net Amounts of Assets Presented in the Balance Sheet	1,258,578	1,406,937
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,185,777)	(1,332,856)
Net Amount	72,801	74,081
Interest Rate Swap \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	52,301	49,253
Net Amounts of Assets Presented in the Balance Sheet	52,301	49,253
Gross Amounts Not Offset in the Balance Sheet
Cash Collateral Pledged	(52,266)	(49,253)
Net Amount	35
Credit Default Swap \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	47
Net Amounts of Assets Presented in the Balance Sheet	47
Gross Amounts Not Offset in the Balance Sheet
Net Amount	47
Reverse repurchase agreements \| Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	111,914	80,011
Net Amounts of Assets Presented in the Balance Sheet	111,914	80,011
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(111,170)	(80,011)
Net Amount	744	0
Forward MBS Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	6,371	16,755
Net Amounts of Assets Presented in the Balance Sheet	6,371	16,755
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(930)	(194)
Net Amount	5,441	16,561
Treasury Futures And Option Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	39	430
Net Amounts of Assets Presented in the Balance Sheet	39	430
Gross Amounts Not Offset in the Balance Sheet
Net Amount	$ 39	$ 430

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Total
Gross Amounts of Recognized Liabilities	$ 1,504,435	$ 1,635,306
Net Amounts of Liabilities Presented in the Balance Sheet	1,504,435	1,635,306
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,426,081)	(1,541,474)
Cash Collateral Pledged	(359)	(10,515)
Net Amount	77,995	83,317
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,244,028	1,371,896
Net Amounts of Liabilities Presented in the Balance Sheets	1,244,028	1,371,896
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,169,991)	(1,296,828)
Net Amount	74,037	75,068
Institutional Counterparties \| Interest Rate Swap
Derivatives:
Gross Amounts of Recognized Liabilities	1,795	5,349
Net Amounts of Liabilities Presented in the Balance Sheet	1,795	5,349
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments		(5,349)
Net Amount	1,795
Institutional Counterparties \| Repurchase Agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	255,160	239,103
Net Amounts of Liabilities Presented in the Balance Sheet	255,160	239,103
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(255,160)	(239,103)
Net Amount	0	0
Institutional Counterparties \| Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	3,452	18,958
Net Amounts of Liabilities Presented in the Balance Sheet	3,452	18,958
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(930)	(194)
Cash Collateral Pledged	(359)	(10,515)
Net Amount	$ 2,163	$ 8,249

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	6 Months Ended
	Jun. 30, 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	$ 1,499,188	$ 1,610,999
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,499,188	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
Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	$ 1,383,472	1,461,704
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	115,716	149,295
US Treasury and Government
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	13,698	8,389
US Treasury and Government \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	9,970	8,389
US Treasury and Government \| Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	3,728
Asset-Backed Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	241,462	230,714
Asset-Backed Securities \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	129,474	81,419
Asset-Backed Securities \| Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	111,988	149,295
Corporate Debt Securities [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	52	52
Corporate Debt Securities [Member] \| Maturity Overnight and on Demand
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	1,243,976	1,371,844
Equity Securities \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,243,976	$ 1,371,844

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Receivables:
Securities borrowed	$ 1,258,578	$ 1,406,937
Securities failed to deliver	18,479	28,120
Trades in process of settlement	6,220	123,722
Other	13,898	15,152
Total receivables	1,297,175	1,573,931
Payables:
Securities loaned	1,244,028	1,371,896
Correspondents	21,377	33,286
Securities failed to receive	12,649	18,135
Other	7,172	7,417
Total Payables	$ 1,285,226	$ 1,430,734

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment and Related Information (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment item	Jun. 30, 2023 USD ($)	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)	$ 103,650	$ 118,266	$ 207,271	$ 239,971
Provision for credit losses	10,934	14,836	8,063	17,167
Noninterest income	193,305	190,652	374,923	353,146
Noninterest expense	256,464	266,977	506,487	517,447
Income before income taxes	29,557	27,105	67,644	58,503
Goodwill	267,447		267,447		$ 267,447
Total assets	15,620,490		15,620,490		16,466,996
Operating Segments \| Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	92,458	100,986	184,064	205,756
Provision for credit losses	10,950	14,900	8,097	16,500
Noninterest income	9,255	11,189	21,158	22,379
Noninterest expense	57,950	57,436	113,970	113,563
Income before income taxes	32,813	39,839	83,155	98,072
Goodwill	247,368		247,368		247,368
Total assets	12,669,765		12,669,765		13,288,627
Operating Segments \| Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	12,218	13,201	24,486	27,064
Provision for credit losses	(16)	(64)	(34)	667
Noninterest income	92,053	100,040	196,631	190,675
Noninterest expense	97,062	94,853	195,008	185,198
Income before income taxes	7,225	18,452	26,143	31,874
Goodwill	7,008		7,008		7,008
Total assets	2,805,261		2,805,261		2,929,296
Operating Segments \| Mortgage Origination
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(4,571)	(5,901)	(8,823)	(10,109)
Noninterest income	92,867	90,079	159,567	158,909
Noninterest expense	86,946	98,660	165,843	187,413
Income before income taxes	1,350	(14,482)	(15,099)	(38,613)
Goodwill	13,071		13,071		13,071
Total assets	1,476,286		1,476,286		1,181,316
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(3,153)	(3,479)	(6,255)	(6,801)
Noninterest income	6,001	3,081	11,785	5,786
Noninterest expense	14,716	16,301	32,101	31,814
Income before income taxes	(11,868)	(16,699)	(26,571)	(32,829)
Total assets	2,560,614		2,560,614		2,543,057
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	6,698	13,459	13,799	24,061
Noninterest income	(6,871)	(13,737)	(14,218)	(24,603)
Noninterest expense	(210)	(273)	(435)	(541)
Income before income taxes	37	$ (5)	16	$ (1)
Total assets	$ (3,891,436)		$ (3,891,436)		$ (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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic earnings per share:
Income attributable to Hilltop	$ 20,333	$ 18,133	$ 48,001	$ 43,933
Weighted average shares outstanding - basic (in shares)	65,085	65,025	65,142	64,963
Basic earnings per common share (in dollars per share)	$ 0.31	$ 0.28	$ 0.74	$ 0.68
Diluted earnings per share:
Income attributable to Hilltop	$ 20,333	$ 18,133	$ 48,001	$ 43,933
Weighted average shares outstanding - basic (in shares)	65,085	65,025	65,142	64,963
Effect of potentially dilutive securities (in shares)	1	29	7	30
Weighted average shares outstanding - diluted (in shares)	65,086	65,054	65,149	64,993
Diluted earnings per common share (in dollars per share)	$ 0.31	$ 0.28	$ 0.74	$ 0.68