Hilltop (HTH) 10-Q25 Oct 242024 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 24, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		64,961,742
Entity Central Index Key	0001265131
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 1,961,627	$ 1,858,700
Federal funds sold	3,650	650
Assets segregated for regulatory purposes	55,628	57,395
Securities purchased under agreements to resell	81,766	80,011
Securities:
Trading, at fair value	540,836	515,991
Available for sale, at fair value, net (amortized cost of $1,489,070 and $1,621,747, respectively)	1,405,700	1,507,595
Held to maturity, at amortized cost, net (fair value of $690,846 and $731,858, respectively)	754,824	812,677
Equity, at fair value	287	321
Total securities	2,701,647	2,836,584
Loans held for sale	933,724	943,846
Loans held for investment, net of unearned income	7,979,630	8,079,745
Allowance for credit losses	(110,918)	(111,413)
Loans held for investment, net	7,868,712	7,968,332
Broker-dealer and clearing organization receivables	1,220,784	1,573,931
Premises and equipment, net	157,803	168,856
Operating lease right-of-use assets	92,041	88,580
Mortgage servicing rights	45,742	96,662
Other assets	528,839	517,545
Goodwill	267,447	267,447
Other intangible assets, net	6,995	8,457
Total assets	15,926,405	16,466,996
Deposits:
Noninterest-bearing	2,831,539	3,007,101
Interest-bearing	7,959,908	8,056,091
Total deposits	10,791,447	11,063,192
Broker-dealer and clearing organization payables	1,110,373	1,430,734
Short-term borrowings	914,645	900,038
Securities sold, not yet purchased, at fair value	47,773	34,872
Notes payable	347,533	347,145
Operating lease liabilities	110,799	109,002
Other liabilities	397,976	431,684
Total liabilities	13,720,546	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; 64,959,743 and 65,153,092 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	650	652
Additional paid-in capital	1,050,497	1,054,662
Accumulated other comprehensive loss	(98,168)	(121,505)
Retained earnings	1,224,117	1,189,222
Deferred compensation employee stock trust, net		228
Employee stock trust (0 and 10,290 shares, at cost, at September 30, 2024 and December 31, 2023, respectively)		(292)
Total Hilltop stockholders' equity	2,177,096	2,122,967
Noncontrolling interests	28,763	27,362
Total stockholders' equity	2,205,859	2,150,329
Total liabilities and stockholders' equity	$ 15,926,405	$ 16,466,996

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Available for sale, amortized cost	$ 1,489,070	$ 1,621,747
Held to maturity, Fair Value	$ 690,846	$ 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	64,959,743	65,153,092
Common stock, shares outstanding	64,959,743	65,153,092
Employee stock trust, shares	0	10,290

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Loans, including fees	$ 139,821	$ 142,402	$ 412,779	$ 404,179
Securities borrowed	19,426	17,683	60,293	53,265
Securities:
Taxable	26,265	27,166	77,795	79,487
Tax-exempt	2,438	2,464	7,242	8,218
Other	23,092	27,040	69,690	76,459
Total interest income	211,042	216,755	627,799	621,608
Interest expense:
Deposits	70,641	64,290	207,880	154,840
Securities loaned	18,499	16,169	56,207	47,928
Short-term borrowings	10,878	14,212	33,142	44,361
Notes payable	3,555	4,026	10,749	11,852
Other	2,426	2,408	7,507	7,005
Total interest expense	105,999	101,105	315,485	265,986
Net interest income	105,043	115,650	312,314	355,622
Provision for (reversal of) credit losses	(1,270)	(40)	6,793	17,127
Net interest income after provision for (reversal of) credit losses	106,313	115,690	305,521	338,495
Noninterest income:
Net gains from sale of loans and other mortgage production income	47,816	47,262	146,468	135,763
Mortgage loan origination fees	32,119	41,478	92,955	111,695
Securities commissions and fees	30,434	22,864	90,317	73,152
Investment and securities advisory fees and commissions	42,220	39,662	105,438	98,546
Other	47,854	45,583	140,188	130,838
Total noninterest income	200,443	196,849	575,366	549,994
Noninterest expense:
Employees' compensation and benefits	177,987	173,195	513,815	517,920
Occupancy and equipment, net	22,317	21,912	65,526	67,802
Professional services	11,645	12,639	31,646	35,930
Other	52,363	52,271	159,812	155,812
Total noninterest expense	264,312	260,017	770,799	777,464
Income before income taxes	42,444	52,522	110,088	111,025
Income tax expense	9,539	13,211	24,762	24,008
Net income	32,905	39,311	85,326	87,017
Less: Net income attributable to noncontrolling interest	3,212	2,269	7,632	6,042
Income attributable to Hilltop	$ 29,693	$ 37,042	$ 77,694	$ 80,975
Earnings per common share:
Basic (in dollars per share)	$ 0.46	$ 0.57	$ 1.19	$ 1.25
Diluted (in dollars per share)	$ 0.46	$ 0.57	$ 1.19	$ 1.25
Weighted average share information:
Basic (in shares)	64,928	65,106	65,070	65,011
Diluted (in shares)	64,946	65,108	65,080	65,014

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 32,905	$ 39,311	$ 85,326	$ 87,017
Other comprehensive income (loss):
Change in fair value of cash flow hedges, net taxes of $(1,304), $(91), $(1,656) and $(87), respectively	(4,434)	(306)	(5,476)	(169)
Net unrealized gains (losses) on securities available-for-sale, net taxes of $6,707, $(4,349), $7,246 and $(4,497), respectively	22,818	(14,585)	23,424	(15,819)
Reclassification adjustment for gains (losses) included in net income, net taxes of $0, $0, $34 and $1, respectively		(2)	114	4
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, net taxes of $787, $459, $1,585 and $1,332, respectively	2,619	1,528	5,275	4,432
Comprehensive income	53,908	25,946	108,663	75,465
Less: comprehensive income attributable to noncontrolling interest	3,212	2,269	7,632	6,042
Comprehensive income applicable to Hilltop	$ 50,696	$ 23,677	$ 101,031	$ 69,423

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Cash flow hedge, tax	$ (1,304)	$ (91)	$ (1,656)	$ (87)
Net unrealized gains (losses) on securities available for sale, tax	6,707	(4,349)	7,246	(4,497)
Reclassification adjustment, tax	0	0	34	1
Amortization of unrealized losses on securities	$ 787	$ 459	$ 1,585	$ 1,332

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	80,975				80,975			6,042	87,017
Other comprehensive income	(11,552)			(11,552)					(11,552)
Stock-based compensation expense	12,967		12,967						12,967
Common stock issued to board members	428		428						428
Common stock issued to board members (in shares)		14,000
Issuance of common stock related to share-based awards, net	(4,535)	$ 7	(4,542)						(4,535)
Issuance of common stock related to share-based awards, net (in shares)		616,000
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	(31,177)				(31,177)				(31,177)
Deferred compensation plan	53					(141)	$ 194		53
Deferred compensation plan (in shares)							(7,000)
Net cash contributed to noncontrolling interest								(5,365)	(5,365)
Balance at Sep. 30, 2023	2,079,580	$ 652	1,052,867	(145,083)	1,171,250	340	$ (446)	27,282	2,106,862
Balance (in shares) at Sep. 30, 2023		65,170,000					16,000
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
Increase (Decrease) in Stockholders' Equity
Net income	37,042				37,042			2,269	39,311
Other comprehensive income	(13,365)			(13,365)					(13,365)
Stock-based compensation expense	2,936		2,936						2,936
Common stock issued to board members	128		128						128
Common stock issued to board members (in shares)		4,000
Issuance of common stock related to share-based awards, net	(387)	$ 1	(388)						(387)
Issuance of common stock related to share-based awards, net (in shares)		95,000
Dividends on common stock	(10,416)				(10,416)				(10,416)
Deferred compensation plan	43					(110)	$ 153		43
Deferred compensation plan (in shares)							(5,000)
Net cash contributed to noncontrolling interest								(1,642)	(1,642)
Balance at Sep. 30, 2023	2,079,580	$ 652	1,052,867	(145,083)	1,171,250	340	$ (446)	27,282	2,106,862
Balance (in shares) at Sep. 30, 2023		65,170,000					16,000
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	77,694				77,694			7,632	85,326
Other comprehensive income	23,337			23,337					23,337
Stock-based compensation expense	8,551		8,551						8,551
Common stock issued to board members	362		362						362
Common stock issued to board members (in shares)		12,000
Issuance of common stock related to share-based awards, net	(2,801)	$ 4	(2,805)						(2,801)
Issuance of common stock related to share-based awards, net (in shares)		435,000
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	(33,214)				(33,214)				$ (33,214)
Deferred compensation plan	64					(228)	$ 292		64
Deferred compensation plan (in shares)							(10,000)
Net cash contributed to noncontrolling interest								(6,231)	(6,231)
Balance at Sep. 30, 2024	2,177,096	$ 650	1,050,497	(98,168)	1,224,117			28,763	2,205,859
Balance (in shares) at Sep. 30, 2024		64,960,000
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
Increase (Decrease) in Stockholders' Equity
Net income	29,693				29,693			3,212	32,905
Other comprehensive income	21,003			21,003					21,003
Stock-based compensation expense	2,886		2,886						2,886
Common stock issued to board members	120		120						120
Common stock issued to board members (in shares)		4,000
Issuance of common stock related to share-based awards, net	(32)		(32)						(32)
Issuance of common stock related to share-based awards, net (in shares)		3,000
Dividends on common stock	(11,043)				(11,043)				(11,043)
Deferred compensation plan						$ (1)	$ 1
Net cash contributed to noncontrolling interest								(2,591)	(2,591)
Balance at Sep. 30, 2024	$ 2,177,096	$ 650	$ 1,050,497	$ (98,168)	$ 1,224,117			$ 28,763	$ 2,205,859
Balance (in shares) at Sep. 30, 2024		64,960,000

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared per common share	$ 0.17	$ 0.16	$ 0.51	$ 0.48

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net income	$ 85,326	$ 87,017
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	6,793	17,127
Depreciation, amortization and accretion, net	15,097	15,267
Equity in undistributed earnings of merchant banking subsidiaries	(9,044)	(6,369)
Deferred income taxes	(11,570)	5,268
Other, net	3,358	12,531
Net change in securities purchased under agreements to resell	(1,755)	(5,649)
Net change in trading securities	(24,845)	176,131
Net change in broker-dealer and clearing organization receivables	356,675	(348,318)
Net change in other assets	(38,748)	(33,796)
Net change in broker-dealer and clearing organization payables	(285,960)	360,433
Net change in other liabilities	(15,508)	(13,295)
Net change in securities sold, not yet purchased	12,901	(1,496)
Proceeds from sale of mortgage servicing rights asset	45,129	19,055
Change in valuation of mortgage servicing rights asset	14,913	678
Net gains from sales of loans	(146,468)	(135,763)
Loans originated for sale	(7,300,426)	(7,297,473)
Proceeds from loans sold	7,445,251	7,328,562
Net cash provided by operating activities	151,119	179,910
Investing Activities
Proceeds from maturities and principal reductions of securities held to maturity	63,633	55,006
Proceeds from sales, maturities and principal reductions of securities available for sale	169,443	204,903
Proceeds from sales, maturities and principal reductions of equity securities	12,663
Purchases of securities available for sale	(30,289)	(31,567)
Purchases of equity securities	(1,475)
Net change in loans held for investment	61,630	(184,341)
Purchases of premises and equipment and other assets	(6,215)	(6,090)
Proceeds from sales of premises and equipment, other real estate owned, and other assets	7,385	3,431
Proceeds from sale of loans held for sale transferred from loans held for investment	30,103
Net cash received from (paid to) Federal Home Loan Bank and Federal Reserve Bank stock	(42)	689
Net cash provided by investing activities	306,836	42,031
Financing Activities
Net change in deposits	(306,146)	(171,491)
Net change in short-term borrowings	15,132	(87,251)
Proceeds from notes payable		490,151
Payments on notes payable		(490,151)
Payments to repurchase common stock	(19,864)	(4,503)
Dividends paid on common stock	(33,214)	(31,177)
Net cash distributed to noncontrolling interest	(6,231)	(5,365)
Other, net	(3,472)	(5,165)
Net cash used in financing activities	(353,795)	(304,952)
Net change in cash, cash equivalents and restricted cash	104,160	(83,011)
Cash, cash equivalents and restricted cash, beginning of period	1,916,745	1,647,899
Cash, cash equivalents and restricted cash, end of period	2,020,905	1,564,888
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	319,231	252,409
Cash paid for income taxes, net of refunds	11,449	14,076
Supplemental Schedule of Non-Cash Activities
Conversion of loans to other real estate owned	2,871	5,168
Additions to mortgage servicing rights	$ 9,122	$ 23,859

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Reconciliation of Cash, Cash Equivalents and Restricted Cash to Consolidated Balance Sheets
Cash and due from banks	$ 1,961,627	$ 1,858,700	$ 1,513,747
Federal funds sold	3,650	650	3,650
Assets segregated for regulatory purposes	55,628	57,395	47,491
Total cash, cash equivalents and restricted cash	$ 2,020,905	$ 1,916,745	$ 1,564,888	$ 1,647,899

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	9 Months Ended
Summary of Significant Accounting and Reporting Policies	Sep. 30, 2024
Summary of Significant Accounting and Reporting Policies
Summary of Significant Accounting and Reporting Policies	1. Summary of Significant Accounting and Reporting Policies Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the “Bank”). In addition, the Company provides an array of financial products and services through its broker-dealer and mortgage origination subsidiaries. The Company, headquartered in Dallas, Texas, provides its products and services through two primary business units, PlainsCapital Corporation (“PCC”) and Hilltop Securities Holdings LLC (“Securities Holdings”). PCC is a financial holding company that provides, through its subsidiaries, traditional banking, wealth and investment management and treasury management services primarily in Texas and residential mortgage lending throughout the United States. Securities Holdings is a holding company that provides, through its subsidiaries, investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, clearing, securities lending, structured finance and retail brokerage services throughout the United States. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), and in conformity with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements contain all adjustments necessary for a fair statement of the results of the interim periods presented. Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”). Results for interim periods are not necessarily indicative of results to be expected for a full year or any future period. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates regarding the allowance for credit losses, the fair values of financial instruments, the mortgage loan indemnification liability, and the potential impairment of goodwill and identifiable intangible assets are particularly subject to change. The Company has applied its critical accounting policies and estimation methods consistently in all periods presented in these consolidated financial statements. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date. Hilltop owns 100% of the outstanding stock of PCC. PCC owns 100% of the outstanding stock of the Bank and 100% of the membership interest in Hilltop Opportunity Partners LLC, a merchant bank utilized to facilitate investments in companies engaged in non-financial activities. The Bank owns 100% of the outstanding stock of PrimeLending, a PlainsCapital Company (“PrimeLending”). PrimeLending owns a 100% membership interest in PrimeLending Ventures Management, LLC (“Ventures Management”), which holds a controlling ownership interest in and is the managing member of certain affiliated business arrangements (“ABAs”). Hilltop has a 100% membership interest in Securities Holdings, which operates through its wholly-owned subsidiaries, Hilltop Securities Inc. (“Hilltop Securities”), Momentum Independent Network Inc. (“Momentum Independent Network” and collectively with Hilltop Securities, the “Hilltop Broker-Dealers”) and Hilltop Securities Asset Management, LLC. Hilltop Securities is a broker-dealer registered with the SEC and Financial Industry Regulatory Authority (“FINRA”) and a member of the New York Stock Exchange (“NYSE”). Momentum Independent Network is an introducing broker-dealer that is also registered with the SEC and FINRA. Hilltop Securities, Momentum Independent Network and Hilltop Securities Asset Management, LLC are registered investment advisers under the Investment Advisers Act of 1940. In addition, Hilltop owns 100% of the membership interest in each of HTH Hillcrest Project LLC and Hilltop of the membership interest in HTH Diamond Hillcrest Land LLC (“Hillcrest Land LLC”) which is consolidated under the requirements of the Variable Interest Entities (“VIE”) Subsections of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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 nine months ended September 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 nine months ended September 30, 2023 to correct for prior period immaterial errors (in thousands). 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 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 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	9 Months Ended
Recently Issued Accounting Standards	Sep. 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 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 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	9 Months Ended
Fair Value Measurements	Sep. 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 Subsections of the ASC (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 September 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 $768.2 million and $822.2 million, respectively, and the unpaid principal balance of those loans was $754.1 million and $802.3 million, respectively. The interest component of fair value is reported as interest income on loans in the accompanying consolidated statements of operations. The Company holds a number of financial instruments that are measured at fair value on a recurring basis, either by the application of the Fair Value Option or other authoritative pronouncements. The fair values of those instruments are determined primarily using Level 2 inputs. Those inputs include quotes from mortgage loan investors and derivatives dealers and data from independent pricing services. The fair value of loans held for sale is determined using an exit price method. The following tables present information regarding financial assets and liabilities measured at fair value on a recurring basis (in thousands). Level 1 Level 2 Level 3 Total September 30, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 5,515 $ 535,321 $ — $ 540,836 Available for sale securities — 1,376,614 29,086 1,405,700 Equity securities 287 — — 287 Loans held for sale — 746,840 48,304 795,144 Derivative assets — 67,968 — 67,968 MSR asset — — 45,742 45,742 Equity investments — — 22,547 22,547 Securities sold, not yet purchased 44,886 2,887 — 47,773 Derivative liabilities — 13,093 — 13,093 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 September 30, 2024 Available for sale securities $ 21,145 $ 6,250 $ — $ — $ 691 $ 1,000 $ 29,086 Loans held for sale 56,168 23,979 (30,740) — (1,103) — 48,304 MSR asset 52,902 3,033 — — (10,193) — 45,742 Equity investment 19,540 1,475 — — 1,532 — 22,547 Total $ 149,755 $ 34,737 $ (30,740) $ — $ (9,073) $ 1,000 $ 145,679 Nine Months Ended September 30, 2024 Available for sale securities $ 24,418 $ 6,250 $ (4,702) $ — $ 1,942 $ 1,178 $ 29,086 Loans held for sale 38,036 70,086 (47,925) — (11,893) — 48,304 Loans held for investment 10,858 — (11,352) — 494 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 96,662 9,122 (45,129) — (14,913) — 45,742 Equity investment 19,540 1,475 — — 1,532 — 22,547 Total $ 190,334 $ 86,933 $ (111,706) $ — $ (21,060) $ 1,178 $ 145,679 Three Months Ended September 30, 2023 Available for sale securities $ — $ 11,696 $ — $ — $ 304 $ — $ 12,000 Loans held for sale 41,292 17,219 (9,171) — (13,142) — 36,198 Loans held for investment 9,714 — — — 285 — 9,999 MSR asset 95,101 3,759 — — 6,091 — 104,951 Total $ 146,107 $ 32,674 $ (9,171) $ — $ (6,462) $ — $ 163,148 Nine Months Ended September 30, 2023 Available for sale securities $ — $ 11,696 $ — $ — $ 304 $ — $ 12,000 Loans held for sale 40,707 54,727 (39,900) (446) (18,890) — 36,198 Loans held for investment 9,181 — — — 818 — 9,999 MSR asset 100,825 23,859 (19,055) — (678) — 104,951 Total $ 150,713 $ 90,282 $ (58,955) $ (446) $ (18,446) $ — $ 163,148 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 September 30, 2024. For material Level 3 financial instruments measured at fair value on a recurring basis at September 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 September 30, 2024 December 31, 2023 Available for sale securities $ 22,789 Discounted cash flow Discount rate 12.50 - 13.25 % 14.25 - 15.50 % 6,297 Recent transaction Recent transaction Loans held for sale 48,304 Market comparable Projected price 78 - 94 % ( 93 %) 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 45,742 Discounted cash flow Constant prepayment rate 9.74 % 8.65 % Discount rate 16.55 % 11.67 % Equity investments 21,072 Market comparable Market multiple 10.4x 1,475 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 September 30, 2024 Three Months Ended September 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 $ (4,666) $ — $ (4,666) $ (3,330) $ — $ (3,330) MSR asset (10,193) — (10,193) 6,091 — 6,091 Equity investment — 1,532 1,532 — — — Nine Months Ended September 30, 2024 Nine Months Ended September 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 $ (7,789) $ — $ (7,789) $ (5,563) $ — $ (5,563) Loans held for investment 94 — 94 — — — MSR asset (14,913) — (14,913) (678) — (678) Equity investment — 1,532 1,532 — — — 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 September 30, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,965,277 $ 1,965,277 $ — $ — $ 1,965,277 Assets segregated for regulatory purposes 55,628 55,628 — — 55,628 Securities purchased under agreements to resell 81,766 — 81,766 — 81,766 Held to maturity securities 754,824 — 690,846 — 690,846 Loans held for sale 138,580 — 119,914 19,413 139,327 Loans held for investment, net 7,868,712 — 340,644 7,727,873 8,068,517 Broker-dealer and clearing organization receivables 1,220,784 — 1,220,784 — 1,220,784 Other assets 71,742 — 71,742 — 71,742 Financial liabilities: Deposits 10,791,447 — 10,788,548 — 10,788,548 Broker-dealer and clearing organization payables 1,110,373 — 1,110,373 — 1,110,373 Short-term borrowings 914,645 — 914,645 — 914,645 Debt 347,533 — 335,970 — 335,970 Other liabilities 21,059 — 21,059 — 21,059 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 $34.7 million and $59.2 million at September 30, 2024 and December 31, 2023, respectively, which are included within other assets in the consolidated balance sheets. Of the $34.7 million of such equity investments held at September 30, 2024, $2.8 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 6,549 $ 22,654 $ 6,608 $ 27,264 Additional investments — 374 — 374 Upward adjustments — 186 — 611 Impairments and downward adjustments (1,433) (21) (1,492) (5,056) Dispositions (2,324) — (2,324) — Balance, end of period $ 2,792 $ 23,193 $ 2,792 $ 23,193

Securities

Securities	9 Months Ended
Securities	Sep. 30, 2024
Securities
Securities	4. Securities The fair value of trading securities is summarized as follows (in thousands). September 30, December 31, 2024 2023 U.S. Treasury securities $ 127 $ 3,736 U.S. government agencies: Bonds 9,141 12,867 Residential mortgage-backed securities 127,499 124,768 Collateralized mortgage obligations 55,061 86,281 Other 23,381 13,079 Corporate debt securities 41,867 37,569 States and political subdivisions 260,323 180,890 Private-label securitized product 13,130 47,768 Other 10,307 9,033 Totals $ 540,836 $ 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 $47.8 million and $34.9 million at September 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 September 30, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,990 $ — $ (228) $ 4,762 U.S. government agencies: Bonds 115,645 381 (343) 115,683 Residential mortgage-backed securities 358,539 449 (29,321) 329,667 Commercial mortgage-backed securities 204,089 744 (6,673) 198,160 Collateralized mortgage obligations 741,458 606 (46,066) 695,998 Corporate debt securities 29,408 215 (537) 29,086 States and political subdivisions 34,941 40 (2,637) 32,344 Totals $ 1,489,070 $ 2,435 $ (85,805) $ 1,405,700 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 September 30, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 261,526 $ — $ (20,625) $ 240,901 Commercial mortgage-backed securities 152,657 — (7,777) 144,880 Collateralized mortgage obligations 263,546 — (30,857) 232,689 States and political subdivisions 77,095 107 (4,826) 72,376 Totals $ 754,824 $ 107 $ (64,085) $ 690,846 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 September 30, 2024 and December 31, 2023, respectively, from equity securities with fair values of $0.3 million and $0.3 million held at September 30, 2024 and December 31, 2023, respectively. The Company recognized nominal net gains during the three months ended September 30, 2024 and 2023, respectively, and recognized nominal net losses and net gains of $0.1 million during the nine months ended September 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 nine months ended September 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). September 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 4,762 228 1 4,617 368 1 4,762 228 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months — — — 4 28,988 103 Unrealized loss for twelve months or longer 15 77,173 343 20 112,502 708 15 77,173 343 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 13 7,804 448 14 8,989 616 Unrealized loss for twelve months or longer 107 305,146 28,873 109 338,769 38,699 120 312,950 29,321 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — 2 10,413 282 Unrealized loss for twelve months or longer 20 196,733 6,673 18 162,470 8,676 20 196,733 6,673 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 1 810 2 2 11,560 22 Unrealized loss for twelve months or longer 134 662,145 46,064 138 709,571 61,665 135 662,955 46,066 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 1 8,618 537 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 1 8,618 537 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months — — — 10 7,023 55 Unrealized loss for twelve months or longer 52 25,648 2,637 50 20,857 2,640 52 25,648 2,637 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 15 17,232 987 34 80,456 2,579 Unrealized loss for twelve months or longer 329 1,271,607 84,818 336 1,348,786 112,756 344 $ 1,288,839 $ 85,805 370 $ 1,429,242 $ 115,335 September 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 45 240,901 20,625 44 278,172 25,765 45 240,901 20,625 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 27 144,880 7,777 31 160,208 12,670 27 144,880 7,777 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 232,688 30,857 54 247,019 37,189 54 232,688 30,857 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 11 6,223 56 39 15,506 479 Unrealized loss for twelve months or longer 158 58,520 4,770 128 45,208 4,865 169 64,743 4,826 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 11 6,223 56 39 15,506 479 Unrealized loss for twelve months or longer 284 676,989 64,029 257 730,607 80,489 295 $ 683,212 $ 64,085 296 $ 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 September 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 $ 21,587 $ 21,579 $ — $ — Due after one year through five years 63,709 63,311 3,823 3,693 Due after five years through ten years 54,250 53,730 49,427 47,044 Due after ten years 45,438 43,255 23,845 21,639 184,984 181,875 77,095 72,376 Residential mortgage-backed securities 358,539 329,667 261,526 240,901 Commercial mortgage-backed securities 204,089 198,160 152,657 144,880 Collateralized mortgage obligations 741,458 695,998 263,546 232,689 $ 1,489,070 $ 1,405,700 $ 754,824 $ 690,846 The Company recognized net gains of $7.4 million and $9.4 million from its trading portfolio during the three months ended September 30, 2024 and 2023, respectively, and net gains of $27.4 million and $39.0 million during the nine months ended September 30, 2024 and 2023, respectively. In addition, the Hilltop Broker-Dealers realized net gains from structured product trading activities of $14.6 million and $8.2 million during the three months ended September 30, 2024 and 2023, respectively, and net gains from structured product trading activities of $55.4 million and $52.8 million during the nine months ended September 30, 2024 and 2023, respectively. The Company had no other realized gains and losses on securities during the three and nine months ended September 30, 2024 and nominal other realized losses on securities during the three and nine months ended September 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 $590.5 million and $537.2 million (with a fair value of $556.1 million and $503.1 million, respectively) at September 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 September 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	9 Months Ended
Loans Held for Investment	Sep. 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). September 30, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 1,874,641 $ 1,889,882 Owner occupied 1,427,628 1,422,234 Commercial and industrial 1,662,225 1,607,833 Construction and land development 870,764 1,031,095 1-4 family residential 1,774,891 1,757,178 Consumer 28,837 27,351 Broker-dealer (1) 340,644 344,172 7,979,630 8,079,745 Allowance for credit losses (110,918) (111,413) Total loans held for investment, net of allowance $ 7,868,712 $ 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 September 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 $ 236 $ 3,483 $ 795 $ 4,514 $ 1,870,127 $ 1,874,641 $ — Owner occupied — — 9 9 1,427,619 1,427,628 — Commercial and industrial 4,108 8,901 30,029 43,038 1,619,187 1,662,225 5 Construction and land development 10,092 2,225 877 13,194 857,570 870,764 — 1-4 family residential 3,275 1,495 2,382 7,152 1,767,739 1,774,891 — Consumer 110 6 — 116 28,721 28,837 — Broker-dealer — — — — 340,644 340,644 — $ 17,821 $ 16,110 $ 34,092 $ 68,023 $ 7,911,607 $ 7,979,630 $ 5 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 $140.8 million and $115.1 million of loans included in loans held for sale (with an aggregate unpaid principal balance of $141.6 million and $115.7 million, respectively) that were 90 days past due and accruing interest at September 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 September 30, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended September 30, Nine Months Ended September 30, Allowance Allowance Total Allowance Allowance Total 2024 2023 2024 2023 Commercial real estate: Non-owner occupied $ 412 $ 7,630 $ 8,042 $ 33,728 $ 2,712 $ 36,440 $ 155 $ 83 $ 1,666 $ 264 Owner occupied 87 2,323 2,410 4,630 468 5,098 82 141 845 465 Commercial and industrial 32,493 34,436 66,929 5,216 4,286 9,502 1,056 1,564 1,619 1,833 Construction and land development 877 1,607 2,484 533 2,749 3,282 (13) 9 49 45 1-4 family residential 478 7,398 7,876 726 9,283 10,009 256 432 1,328 1,267 Consumer — — — 6 — 6 — — — — Broker-dealer — — — — — — — — — — $ 34,347 $ 53,394 $ 87,741 $ 44,839 $ 19,498 $ 64,337 $ 1,536 $ 2,229 $ 5,507 $ 3,874 At September 30, 2024 and December 31, 2023, $3.4 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 September 30, 2024 by $23.4 million. The change in non-accrual loans was primarily due to increases in commercial and industrial loans of $57.4 million, partially offset by decreases in commercial real estate non-owner occupied loans of $28.4 million, commercial real estate owner occupied loans of $2.7 million and 1-4 family residential loans of $2.1 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 $64.5 million, partially offset by principal payoffs. Of the $57.4 million increase in commercial and industrial loans in non-accrual status, $54.0 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 commercial real estate owner occupied loans in non-accrual status was primarily due to the payoff of a single relationship with a loan balance of $3.9 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. For non-accrual loans that are considered to be collateral-dependent, the Company has implemented the practical expedient to measure the allowance using the fair value of the collateral. For non-accrual loans that are not collateral dependent, the Company measures the allowance based on discounted expected cash flows. 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 September 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ 1,448 $ — $ — $ — 0.1 % Owner occupied — 332 — — — — % Commercial and industrial — 34,030 — — — 2.0 % Construction and land development — — — — — — % 1-4 family residential — 142 — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 35,952 $ — $ — $ — 0.5 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Nine Months Ended September 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ 1,448 $ — $ — $ — 0.1 % Owner occupied — 500 — — — — % Commercial and industrial — 43,819 — — 469 2.7 % Construction and land development — — — — — — % 1-4 family residential — 170 — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 45,937 $ — $ — $ 469 0.6 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended September 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 382 $ — $ — $ — — % Owner occupied — 12 — — — — % Commercial and industrial — 11,440 — — — 0.7 % Construction and land development — — — — — — % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 11,834 $ — $ — $ — 0.1 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Nine Months Ended September 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 34,784 $ — $ — $ — 1.9 % Owner occupied — 2,205 — — — 0.2 % Commercial and industrial — 15,057 — 2,868 — 1.1 % Construction and land development — 286 — — — — % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 52,332 $ — $ 2,868 $ — 0.7 % As shown in the tables above, loans modified for borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024 included a term extension modification for a single loan of $25 million in the auto note financing subsector within the commercial and industrial loan portfolio. 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 September 30, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 372 Owner occupied — — — — 111 Commercial and industrial 775 — — 775 33,605 Construction and land development — — — — — 1-4 family residential — — — — 28 Consumer — — — — — Broker-dealer — — — — — Total $ 775 $ — $ — $ 775 $ 34,116 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 September 30, 2024 Nine Months Ended September 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 — % 15 — % 15 Owner occupied — % 18 — % 20 Commercial and industrial — % 27 0.5 % 24 Construction and land development — % — — % — 1-4 family residential — % 60 — % 56 Consumer — % — — % — Broker-dealer — % — — % — Total — % 27 0.5 % 24 Three Months Ended September 30, 2023 Nine Months Ended September 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 — % 12 — % 26 Owner occupied — % 24 — % 35 Commercial and industrial — % 11 — % 11 Construction and land development — % — — % 9 1-4 family residential — % — — % — Consumer — % — — % — Broker-dealer — % — — % — Total — % 11 — % 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 September 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) $ 5,063 $ 4,968 $ 45,238 $ 83,544 $ 2,764 $ 4,434 $ — $ — $ 146,011 Internal Grade 4-7 (Pass normal risk) 173,720 105,605 237,394 261,324 93,358 84,684 5,405 16,523 978,013 Internal Grade 8-11 (Pass high risk and watch) 59,430 119,065 189,049 77,901 115,557 55,670 36,718 1,241 654,631 Internal Grade 12 (Special mention) — — — 4,384 5,211 36,458 — — 46,053 Internal Grade 13 (Substandard accrual) 3,330 4,530 7,585 23,698 993 1,657 — 98 41,891 Internal Grade 14 (Substandard non-accrual) 372 3,784 1,361 1,228 — 1,297 — — 8,042 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 14,479 $ 48,275 $ 12,584 $ 13,889 $ 37,182 $ 43,027 $ 7,226 $ 12,735 $ 189,397 Internal Grade 4-7 (Pass normal risk) 81,510 111,922 134,368 213,090 57,241 185,094 15,915 9,139 808,279 Internal Grade 8-11 (Pass high risk and watch) 32,636 43,824 116,225 57,707 78,557 48,715 4,418 509 382,591 Internal Grade 12 (Special mention) 353 — 440 — 1,191 99 — — 2,083 Internal Grade 13 (Substandard accrual) 2,063 4,199 8,619 7,487 4,970 15,530 — — 42,868 Internal Grade 14 (Substandard non-accrual) 602 9 818 619 — 362 — — 2,410 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 26,114 $ 12,011 $ 11,891 $ 50,400 $ 3,426 $ 208 $ 24,563 $ — $ 128,613 Internal Grade 4-7 (Pass normal risk) 63,665 28,951 55,852 26,620 19,018 26,279 339,359 2,608 562,352 Internal Grade 8-11 (Pass high risk and watch) 115,792 66,415 57,699 82,790 15,758 7,254 220,097 3,462 569,267 Internal Grade 12 (Special mention) — 758 — 827 — 268 1,193 — 3,046 Internal Grade 13 (Substandard accrual) 5,549 3,146 3,385 3,242 1,251 714 5,262 5,799 28,348 Internal Grade 14 (Substandard non-accrual) 10,422 8,029 7,912 1,991 311 171 2,399 35,694 66,929 Current period gross charge-offs 623 383 749 110 312 1,487 1,095 2,611 7,370 Construction and land development Internal Grade 1-3 (Pass low risk) $ 4,961 $ — $ 2,790 $ 864 $ — $ 204 $ — $ — $ 8,819 Internal Grade 4-7 (Pass normal risk) 129,816 147,471 133,448 50,029 5,899 2,727 5,681 — 475,071 Internal Grade 8-11 (Pass high risk and watch) 167,470 130,653 32,683 6,409 2,821 2,404 3,536 — 345,976 Internal Grade 12 (Special mention) — 272 — — — — — — 272 Internal Grade 13 (Substandard accrual) 12,758 1,923 156 105 — — — — 14,942 Internal Grade 14 (Substandard non-accrual) 1,138 1,264 82 — — — — — 2,484 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 4,473 — — — — 836 — — 5,309 FICO greater than 720 10,072 7,535 — 118 48 — — — 17,773 Substandard non-accrual — — — — — — — — — Other (1) 118 — — — — — — — 118 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ 305 $ 628 $ 1,147 $ 467 $ 734 $ 21,583 $ 208 $ — $ 25,072 FICO between 620 and 720 15,080 20,856 17,912 9,187 4,165 26,764 1,512 1,102 96,578 FICO greater than 720 88,185 132,526 501,830 677,934 80,890 73,566 2,997 654 1,558,582 Substandard non-accrual 28 — — 1,103 — 6,745 — — 7,876 Other (1) 39,253 14,523 5,219 — 1,344 4,515 1,573 20,356 86,783 Current period gross charge-offs — — — — — 1 — — 1 Consumer FICO less than 620 $ 642 $ 230 $ 253 $ 23 $ 47 $ 4 $ 377 $ 6 $ 1,582 FICO between 620 and 720 2,597 1,639 812 231 134 35 1,958 32 7,438 FICO greater than 720 4,026 2,275 1,522 547 185 1 2,692 — 11,248 Substandard non-accrual — — — — — — — — — Other (1) 6,313 1,211 644 105 13 11 272 — 8,569 Current period gross charge-offs 114 79 — — — 3 10 5 211 Total loans with credit quality measures $ 1,082,335 $ 1,028,497 $ 1,588,918 $ 1,657,863 $ 533,068 $ 651,316 $ 683,361 $ 109,958 $ 7,335,316 Commercial and industrial (mortgage warehouse lending) $ 303,670 Broker-dealer (margin loans and correspondent receivables) $ 340,644 Total loans held for investment $ 7,979,630 (1) Loans classified in this category were assigned a FICO score for credit modeling purposes.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
Allowance for Credit Losses	Sep. 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 September 30, 2024. In addition, as of September 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 September 30, 2024. While the Company believes it has an appropriate allowance for the existing loan portfolio at September 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 September 30, 2024, the Company utilized a single macroeconomic alternative scenario, or S5, published by Moody’s Analytics in September 2024 that was updated to reflect the U.S. economic outlook. During our previous macroeconomic assessment as of December 31, 2023, we utilized a single macroeconomic alternative scenario, or S7, published by Moody’s Analytics in December 2023. The S5 alternative economic scenario expects the economy to underperform in the long-term. In this alternative scenario, elevated borrowing costs reduce credit-sensitive spending, upcoming fiscal disputes in Congress weaken business and consumer sentiment, and concerns grow about broader international conflicts. 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 months ended September 30, 2023, the slight reversal of credit losses reflected improvements to the U.S. economic outlook and decreases in specific reserves of $0.7 million within our broker dealer segment, offset by increases in specific reserves and net portfolio changes within the banking segment. The increase in the provision for credit losses during the nine months ended September 30, 2023 reflected a significant build in the allowance related to loan portfolio changes since December 31, 2022 and a deteriorating outlook for commercial real estate markets. Specific to the Bank, the net impact to the allowance of changes associated with collectively evaluated loans during the three and nine months ended September 30, 2023 included a reversal of credit losses of $0.3 million, compared to a provision for credit losses of $14.2 million, respectively, on collectively evaluated loans, while the net impact to the allowance of changes associated with individually evaluated loans during the three and nine months ended September 30, 2023 included a provision for credit losses of $0.9 million and $3.0 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 nine months ended September 30, 2023 were also impacted by net recoveries of $1.6 million and net charge-offs of $1.7 million, respectively. During the three months ended September 30, 2024, the reversal of credit losses was primarily driven by net charge-offs and loan portfolio changes, including a change in the macroeconomic outlook scenario utilized, associated with collectively evaluated loans, partially offset by a build in the allowance related to specific reserves within the banking segment since the prior quarter. The provision for credit losses during the nine months ended September 30, 2024 reflected a build in the allowance related to specific reserves and loan portfolio changes within the banking segment since the prior period, partially offset by the change in the macroeconomic outlook scenario utilized. Specific to the Bank, the net impact to the allowance of changes associated with individually evaluated loans during the three and nine months ended September 30, 2024 included a provision for credit losses of $1.2 million and $13.3 million, respectively, while the net impact to the allowance of changes associated with collectively evaluated loans during the three and nine months ended September 30, 2024 included a reversal of credit losses of $2.5 million and $6.5 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 nine months ended September 30, 2024 were also impacted by net charge-offs of $2.9 million and $7.3 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 September 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 37,321 $ (4,991) $ — $ — $ 32,330 Owner occupied 32,772 1,593 — 13 34,378 Commercial and industrial 28,869 2,323 (3,772) 888 28,308 Construction and land development 7,594 330 — — 7,924 1-4 family residential 7,912 (756) — 5 7,161 Consumer 547 61 (65) 37 580 Broker-dealer 67 170 — — 237 Total $ 115,082 $ (1,270) $ (3,837) $ 943 $ 110,918 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Nine Months Ended September 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ (6,084) $ (1,647) $ — $ 32,330 Owner occupied 28,114 6,236 — 28 34,378 Commercial and industrial 20,926 13,070 (7,370) 1,682 28,308 Construction and land development 12,102 (4,180) — 2 7,924 1-4 family residential 9,461 (2,408) (1) 109 7,161 Consumer 648 23 (211) 120 580 Broker-dealer 101 136 — — 237 Total $ 111,413 $ 6,793 $ (9,229) $ 1,941 $ 110,918 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended September 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 43,582 $ (3,116) $ (34) $ 1 $ 40,433 Owner occupied 27,880 1,549 — 9 29,438 Commercial and industrial 17,315 838 (936) 2,505 19,722 Construction and land development 7,395 1,575 — — 8,970 1-4 family residential 11,618 (179) — 33 11,472 Consumer 615 8 (152) 130 601 Broker-dealer 901 (715) — — 186 Total $ 109,306 $ (40) $ (1,122) $ 2,678 $ 110,822 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Nine Months Ended September 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ 1,210 $ (34) $ 10 $ 40,433 Owner occupied 24,008 6,376 (977) 31 29,438 Commercial and industrial 16,035 4,417 (4,015) 3,285 19,722 Construction and land development 6,051 2,919 — — 8,970 1-4 family residential 9,313 2,147 (73) 85 11,472 Consumer 554 106 (274) 215 601 Broker-dealer 234 (48) — — 186 Total $ 95,442 $ 17,127 $ (5,373) $ 3,626 $ 110,822 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 8,585 $ 7,992 $ 8,876 $ 7,784 Other noninterest expense (153) 559 (444) 767 Balance, end of period $ 8,432 $ 8,551 $ 8,432 $ 8,551 The increases in the reserve for unfunded commitments during the three and nine months ended September 30, 2023 were primarily due to increases in expected loss rates. During the three and nine months ended September 30, 2024, the decreases in the reserve for unfunded commitments were primarily due to decreases in commitment balances.

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
Mortgage Servicing Rights	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 52,902 $ 95,101 $ 96,662 $ 100,825 Additions 3,033 3,759 9,122 23,859 Sales — — (45,129) (19,055) Changes in fair value: Due to changes in model inputs or assumptions (1) (9,541) 7,373 (11,549) 2,834 Due to customer payoffs (652) (1,282) (3,364) (3,512) Balance, end of period $ 45,742 $ 104,951 $ 45,742 $ 104,951 September 30, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 2,547,659 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 1.80 % 1.85 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three and nine months ended September 30, 2024 are MSR asset fair value adjustments totaling $4.2 million which reflect the difference between the MSR carrying value and the sales price reflected in a signed letter of intent, dated September 17, 2024, to sell certain MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others. The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. September 30, December 31, 2024 2023 Weighted average constant prepayment rate 9.74 % 8.65 % Weighted average discount rate 16.55 % 11.67 % Weighted average life (in years) 7.6 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). September 30, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,677) $ (3,511) Impact of 20% adverse change (3,252) (6,796) Discount rate: Impact of 10% adverse change (2,466) (4,474) Impact of 20% adverse change (4,668) (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 $4.2 million and $8.5 million during the three months ended September 30, 2024 and 2023, respectively, and $20.9 million and $24.2 million during the nine months ended September 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	9 Months Ended
Deposits	Sep. 30, 2024
Deposits.
Deposits	8. Deposits Deposits are summarized as follows (in thousands). September 30, December 31, 2024 2023 Noninterest-bearing demand $ 2,831,539 $ 3,007,101 Interest-bearing: Demand accounts 4,011,842 4,496,682 Brokered - demand 4,722 156,692 Money market 2,437,731 1,869,809 Brokered - money market 10,413 8,828 Savings 224,633 259,745 Time 1,270,567 1,221,935 Brokered - time — 42,400 $ 10,791,447 $ 11,063,192 At September 30, 2024, remaining maturities of estimated uninsured time deposits greater than $250,000 were $610.7 million.

Short-term Borrowings

Short-term Borrowings	9 Months Ended
Short-term Borrowings	Sep. 30, 2024
Short-term Borrowings
Short-term Borrowings	9. Short-term Borrowings Short-term borrowings are summarized as follows (in thousands). September 30, December 31, 2024 2023 Federal funds purchased $ 495,258 $ 459,658 Securities sold under agreements to repurchase 198,804 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 220,583 200,330 $ 914,645 $ 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). Nine Months Ended September 30, 2024 2023 Average balance during the period $ 722,752 $ 797,489 Average interest rate during the period 5.50 % 5.40 % September 30, December 31, 2024 2023 Average interest rate at end of period 5.21 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 198,619 $ 239,103 Estimated fair value $ 218,915 $ 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). Nine Months Ended September 30, 2024 2023 Average balance during the period $ — $ 180,861 Average interest rate during the period 5.73 % 5.08 % 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 September 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 September 30, 2024, the weighted average maturity of the CP Notes was 155 days at a rate of 5.80%, with a weighted average remaining life of 71 days. At September 30, 2024, the aggregate amount outstanding under these secured arrangements was $220.6 million, which was collateralized by securities held for Hilltop Securities accounts valued at $241.1 million.

Notes Payable

Notes Payable	9 Months Ended
Notes Payable	Sep. 30, 2024
Notes Payable.
Notes Payable	10. Notes Payable Notes payable consisted of the following (in thousands). September 30, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $347 and $502, respectively $ 149,653 $ 149,498 Subordinated Notes due May 2030, net of discount of $432 and $511, respectively 49,568 49,489 Subordinated Notes due May 2035, net of discount of $1,688 and $1,842, respectively 148,312 148,158 $ 347,533 $ 347,145

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2024
Leases
Leases	11. Leases Supplemental balance sheet information related to finance leases is as follows (in thousands). September 30, December 31, 2024 2023 Finance leases: Premises and equipment $ 4,780 $ 7,780 Accumulated depreciation (3,959) (6,537) Premises and equipment, net $ 821 $ 1,243 The components of lease costs, including short-term lease costs, are as follows (in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 8,231 $ 8,488 $ 25,214 $ 26,231 Less operating lease and sublease income (454) (655) (1,805) (1,965) Net operating lease cost $ 7,777 $ 7,833 $ 23,409 $ 24,266 Finance lease cost: Amortization of ROU assets $ 126 $ 147 $ 421 $ 442 Interest on lease liabilities 85 104 271 324 Total finance lease cost $ 211 $ 251 $ 692 $ 766 Supplemental cash flow information related to leases is as follows (in thousands). Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 25,290 $ 27,899 Operating cash flows from finance leases 275 326 Financing cash flows from finance leases 666 628 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 22,723 $ 11,396 Finance leases — — Information regarding the lease terms and discount rates of the Company’s leases is as follows. September 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 5.4 5.69 % 5.3 4.59 % Finance 2.9 5.09 % 3.3 4.98 % Future minimum lease payments under lease agreements as of September 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 7,670 $ 222 2025 29,863 886 2026 24,105 813 2027 19,181 448 2028 14,716 149 Thereafter 33,835 — Total minimum lease payments 129,370 2,518 Less amount representing interest (18,571) (639) Lease liabilities $ 110,799 $ 1,879 As of September 30, 2024, the Company had additional operating leases that have not yet commenced with aggregate future minimum lease payments of approximately $0.2 million. Certain of these operating leases commenced in October 2024 with an additional operating lease expected to commence in January 2025 with lease terms ranging from two

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 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 25.2% for the three months ended September 30, 2024 and 2023, respectively, and 22.5% and 21.6% for the nine months ended September 30, 2024 and 2023, respectively. The effective tax rate during the three months ended September 30, 2023 was higher than the applicable statutory rate primarily due to the impact of non-deductible compensation expense and other permanent adjustments. During the nine months ended September 30, 2023, the effective tax rate differed from 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 booking of additional taxes from a recent change in the source of funding for an acquired non-qualified, deferred compensation plan

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 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. 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 are continuing 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 September 30, 2024 and December 31, 2023, the mortgage origination segment’s indemnification liability reserve totaled $8.5 million and $11.7 million, respectively. The provision for indemnification losses was $0.9 million and $0.5 million during the three months ended September 30, 2024 and 2023, respectively, and $2.0 million and $1.3 million during the nine months ended September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 22,990 $ 27,567 $ 26,909 $ 31,244 Claims made 10,773 6,572 27,925 37,582 Claims resolved with no payment (2,871) (1,633) (10,330) (11,418) Repurchases (6,430) (4,430) (18,747) (25,430) Indemnification payments (1,434) (386) (2,729) (4,288) Balance, end of period $ 23,028 $ 27,690 $ 23,028 $ 27,690 Indemnification Liability Reserve Activity Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,095 $ 15,058 $ 11,691 $ 20,528 Additions for new sales 856 480 1,966 1,317 Repurchases (1,308) (1,896) (4,391) (7,781) Early payment defaults (74) (65) (565) (295) Indemnification payments (59) (27) (191) (219) Balance, end of period $ 8,510 $ 13,550 $ 8,510 $ 13,550 September 30, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 1,083 $ 951 Incurred but not reported claims 7,427 10,740 Total $ 8,510 $ 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	9 Months Ended
Financial Instruments with Off-Balance Sheet Risk	Sep. 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 September 30, 2024 and outstanding financial and performance standby letters of credit of $69.7 million at September 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	9 Months Ended
Stock-Based Compensation	Sep. 30, 2024
Stock-Based Compensation
Stock-Based Compensation	15. Stock-Based Compensation During the nine months ended September 30, 2024 and 2023, Hilltop granted 11,779 and 14,440 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 nine months ended September 30, 2024 (shares in thousands). RSUs Weighted Average Grant Date Outstanding Fair Value Balance, December 31, 2023 1,252 $ 34.10 Granted 556 $ 30.62 Vested/Released (526) $ 33.02 Forfeited (19) $ 32.86 Balance, September 30, 2024 1,263 $ 33.04 Vested/Released RSUs include an aggregate of 90,923 shares withheld to satisfy employee statutory tax obligations during the nine months ended September 30, 2024. During the nine months ended September 30, 2024, the Compensation Committee of the board of directors of the Company awarded certain executives and key employees an aggregate of 458,676 RSUs pursuant to the 2020 Equity Plan. Of the RSUs granted during the nine months ended September 30, 2024, 347,946 that were outstanding at September 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 nine months ended September 30, 2024, 103,995 that were outstanding at September 30, 2024 At September 30, 2024, in the aggregate, 934,915 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 September 30, 2024

Regulatory Matters

Regulatory Matters	9 Months Ended
Regulatory Matters	Sep. 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 the 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 September 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 September 30, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,312,378 10.34 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 2,004,620 12.95 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,312,378 14.94 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 2,004,620 20.48 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,312,378 14.94 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 2,004,620 20.48 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,416,982 16.13 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,318,545 23.68 % 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 September 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 $ 227,445 $ 3,641 Less: required net capital 6,995 319 Excess net capital $ 220,450 $ 3,322 Net capital as a percentage of aggregate debit items 65.0 % Net capital in excess of 5% aggregate debit items $ 209,957 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 September 30, 2024 and December 31, 2023, the Hilltop Broker-Dealers held cash of $55.6 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 September 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 third quarter of 2024, PrimeLending received a $10 million capital infusion from its parent company, PlainsCapital Bank, in September 2024 and reported a HUD operating gain. As of September 30, 2024, PrimeLending exceeded the GNMA minimum capital ratio requirement of 6% with a ratio of 6.38%. This trend has been reported to GNMA. As of September 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	9 Months Ended
Stockholders' Equity	Sep. 30, 2024
Stockholders' Equity
Stockholders' Equity	17. Stockholders’ Equity Dividends During the nine months ended September 30, 2024 and 2023, the Company declared and paid cash dividends of $0.51 and $0.48 per common share, or an aggregate of $33.2 million and $31.2 million, respectively. On October 24, 2024, Hilltop’s board of directors declared a quarterly cash dividend of $0.17 per common share, payable on November 22, 2024, to all common stockholders of record as of the close of business on November 8, 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 nine months ended September 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 $31.04 per share pursuant to the stock repurchase program. The Company’s stock repurchase program, prior year repurchases, and related accounting policy are discussed in detail in Note 1 and Note 22 to the consolidated financial statements included in the Company’s 2023 Form 10-K.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ (29) $ (946) $ 11,177 $ 5,840 Hilltop Broker-Dealers 10,570 13,214 5,949 (4,016) Bank (7) 92 6 76 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). September 30, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 625,180 $ 8,321 $ 383,767 $ 7,734 Commitments to purchase MBSs 2,486,073 15,563 1,470,142 15,666 Commitments to sell MBSs 2,874,891 102 2,222,225 (17,870) Interest rate swaps 44,770 (2,607) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 10,247 192 1,421 176 Interest rate swaps back-to-back (liability) (1) 10,247 (201) 1,421 (191) U.S. Treasury bond futures and options (2) 80,600 — 306,200 430 Interest rate and other futures (2) 199,900 — 224,800 — Credit default swaps 15,000 — — — Warrants — — 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 335,000 $ 7,039 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 361,153 26,466 325,193 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 September 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 $361.2 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 $334.5 million and $290.2 million as of September 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 $26.6 million and $35.0 million as of September 30, 2024 and December 31, 2023, respectively. The Bank and PrimeLending held aggregate cash collateral advances of $35.3 million and $51.8 million to offset net asset derivative positions on its commitments to sell MBSs and derivative instruments designated as hedges at September 30, 2024 and December 31, 2023, respectively. PrimeLending had advanced cash collateral totaling $2.8 million and $14.7 million to offset net liability positions on its commitments to sell MBSs at September 30, 2024 and December 31, 2023, respectively. In addition, PrimeLending and the Hilltop Broker-Dealers had advanced cash collateral totaling $4.3 million and $7.6 million on various derivative instruments at September 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	9 Months Ended
Balance Sheet Offsetting	Sep. 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 September 30, 2024 Securities borrowed: Institutional counterparties $ 1,077,956 $ — $ 1,077,956 $ (1,023,786) $ — $ 54,170 Interest rate swaps: Institutional counterparties 34,195 — 34,195 — (34,195) — Reverse repurchase agreements: Institutional counterparties 81,766 — 81,766 (81,340) — 426 Forward MBS derivatives: Institutional counterparties 19,156 — 19,156 (845) — 18,311 $ 1,213,073 $ — $ 1,213,073 $ (1,105,971) $ (34,195) $ 72,907 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 September 30, 2024 Securities loaned: Institutional counterparties $ 1,066,651 $ — $ 1,066,651 $ (1,010,533) $ — $ 56,118 Interest rate swaps: Institutional counterparties 3,306 — 3,306 — — 3,306 Repurchase agreements: Institutional counterparties 198,619 — 198,619 (198,619) — — Forward MBS derivatives: Institutional counterparties 3,490 — 3,490 (845) (264) 2,381 $ 1,272,066 $ — $ 1,272,066 $ (1,209,997) $ (264) $ 61,805 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 September 30, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than September 30, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 33,886 $ — $ — $ — $ 33,886 Asset-backed securities 76,487 88,246 — — 164,733 Securities lending transactions: Corporate securities 60 — — — 60 Equity securities 1,066,591 — — — 1,066,591 Total $ 1,177,024 $ 88,246 $ — $ — $ 1,265,270 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,265,270 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	9 Months Ended
	Sep. 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). September 30, December 31, 2024 2023 Receivables: Securities borrowed $ 1,077,956 $ 1,406,937 Securities failed to deliver 15,592 28,120 Trades in process of settlement 110,530 123,722 Other 16,706 15,152 $ 1,220,784 $ 1,573,931 Payables: Securities loaned $ 1,066,651 $ 1,371,896 Correspondents 26,152 33,286 Securities failed to receive 11,272 18,135 Other 6,298 7,417 $ 1,110,373 $ 1,430,734

Segment and Related Information

Segment and Related Information	9 Months Ended
Segment and Related Information	Sep. 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 September 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 93,536 $ 12,409 $ (4,417) $ (3,303) $ 6,818 $ 105,043 Provision for (reversal of) credit losses (1,440) 170 — — — (1,270) Noninterest income 10,726 111,849 79,922 4,962 (7,016) 200,443 Noninterest expense 57,557 107,094 84,223 15,631 (193) 264,312 Income (loss) before taxes $ 48,145 $ 16,994 $ (8,718) $ (13,972) $ (5) $ 42,444 Mortgage All Other and Hilltop Nine Months Ended September 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 277,600 $ 36,896 $ (13,240) $ (9,560) $ 20,618 $ 312,314 Provision for (reversal of) credit losses 6,657 136 — — — 6,793 Noninterest income 31,884 308,480 239,489 16,747 (21,234) 575,366 Noninterest expense 171,527 302,102 250,067 47,731 (628) 770,799 Income (loss) before taxes $ 131,300 $ 43,138 $ (23,818) $ (40,544) $ 12 $ 110,088 Mortgage All Other and Hilltop Three Months Ended September 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 99,047 $ 12,215 $ (5,482) $ (3,175) $ 13,045 $ 115,650 Provision for (reversal of) credit losses 675 (715) — — — (40) Noninterest income 11,668 106,488 88,747 3,159 (13,213) 196,849 Noninterest expense 56,887 97,865 91,505 13,937 (177) 260,017 Income (loss) before taxes $ 53,153 $ 21,553 $ (8,240) $ (13,953) $ 9 $ 52,522 Mortgage All Other and Hilltop Nine Months Ended September 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 304,804 $ 39,279 $ (15,590) $ (9,976) $ 37,105 $ 355,622 Provision for (reversal of) credit losses 17,175 (48) — — — 17,127 Noninterest income 34,046 297,164 247,655 8,944 (37,815) 549,994 Noninterest expense 170,450 283,063 278,918 45,750 (717) 777,464 Income (loss) before taxes $ 151,225 $ 53,428 $ (46,853) $ (46,782) $ 7 $ 111,025 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated September 30, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,112,176 $ 2,607,105 $ 1,057,679 $ 2,616,401 $ (3,466,956) $ 15,926,405 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	9 Months Ended
Earnings per Common Share	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 29,693 $ 37,042 $ 77,694 $ 80,975 Weighted average shares outstanding - basic 64,928 65,106 65,070 65,011 Basic earnings per common share: $ 0.46 $ 0.57 $ 1.19 $ 1.25 Diluted earnings per share: Income attributable to Hilltop $ 29,693 $ 37,042 $ 77,694 $ 80,975 Weighted average shares outstanding - basic 64,928 65,106 65,070 65,011 Effect of potentially dilutive securities 18 2 10 3 Weighted average shares outstanding - diluted 64,946 65,108 65,080 65,014 Diluted earnings per common share: $ 0.46 $ 0.57 $ 1.19 $ 1.25

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 29,693	$ 37,042	$ 77,694	$ 80,975

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 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
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	9 Months Ended
	Sep. 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 requirements of the Variable Interest Entities (“VIE”) Subsections of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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 nine months ended September 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 nine months ended September 30, 2023 to correct for prior period immaterial errors (in thousands). 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 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 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)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting and Reporting Policies
Schedule of impact of the revisions of the previously filed financial statements	The following table presents the impact of the revisions of the previously filed financial statements for the three and nine months ended September 30, 2023 to correct for prior period immaterial errors (in thousands). 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 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 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)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 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 September 30, 2024 Inputs Inputs Inputs Fair Value Trading securities $ 5,515 $ 535,321 $ — $ 540,836 Available for sale securities — 1,376,614 29,086 1,405,700 Equity securities 287 — — 287 Loans held for sale — 746,840 48,304 795,144 Derivative assets — 67,968 — 67,968 MSR asset — — 45,742 45,742 Equity investments — — 22,547 22,547 Securities sold, not yet purchased 44,886 2,887 — 47,773 Derivative liabilities — 13,093 — 13,093 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 September 30, 2024 Available for sale securities $ 21,145 $ 6,250 $ — $ — $ 691 $ 1,000 $ 29,086 Loans held for sale 56,168 23,979 (30,740) — (1,103) — 48,304 MSR asset 52,902 3,033 — — (10,193) — 45,742 Equity investment 19,540 1,475 — — 1,532 — 22,547 Total $ 149,755 $ 34,737 $ (30,740) $ — $ (9,073) $ 1,000 $ 145,679 Nine Months Ended September 30, 2024 Available for sale securities $ 24,418 $ 6,250 $ (4,702) $ — $ 1,942 $ 1,178 $ 29,086 Loans held for sale 38,036 70,086 (47,925) — (11,893) — 48,304 Loans held for investment 10,858 — (11,352) — 494 — — Derivative assets 820 — (2,598) — 1,778 — — MSR asset 96,662 9,122 (45,129) — (14,913) — 45,742 Equity investment 19,540 1,475 — — 1,532 — 22,547 Total $ 190,334 $ 86,933 $ (111,706) $ — $ (21,060) $ 1,178 $ 145,679 Three Months Ended September 30, 2023 Available for sale securities $ — $ 11,696 $ — $ — $ 304 $ — $ 12,000 Loans held for sale 41,292 17,219 (9,171) — (13,142) — 36,198 Loans held for investment 9,714 — — — 285 — 9,999 MSR asset 95,101 3,759 — — 6,091 — 104,951 Total $ 146,107 $ 32,674 $ (9,171) $ — $ (6,462) $ — $ 163,148 Nine Months Ended September 30, 2023 Available for sale securities $ — $ 11,696 $ — $ — $ 304 $ — $ 12,000 Loans held for sale 40,707 54,727 (39,900) (446) (18,890) — 36,198 Loans held for investment 9,181 — — — 818 — 9,999 MSR asset 100,825 23,859 (19,055) — (678) — 104,951 Total $ 150,713 $ 90,282 $ (58,955) $ (446) $ (18,446) $ — $ 163,148
Schedule of significant unobservable inputs used in the fair value measurements	Range (Weighted-Average) Financial Instrument Fair Value Valuation Technique Unobservable Inputs September 30, 2024 December 31, 2023 Available for sale securities $ 22,789 Discounted cash flow Discount rate 12.50 - 13.25 % 14.25 - 15.50 % 6,297 Recent transaction Recent transaction Loans held for sale 48,304 Market comparable Projected price 78 - 94 % ( 93 %) 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 45,742 Discounted cash flow Constant prepayment rate 9.74 % 8.65 % Discount rate 16.55 % 11.67 % Equity investments 21,072 Market comparable Market multiple 10.4x 1,475 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 September 30, 2024 Three Months Ended September 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 $ (4,666) $ — $ (4,666) $ (3,330) $ — $ (3,330) MSR asset (10,193) — (10,193) 6,091 — 6,091 Equity investment — 1,532 1,532 — — — Nine Months Ended September 30, 2024 Nine Months Ended September 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 $ (7,789) $ — $ (7,789) $ (5,563) $ — $ (5,563) Loans held for investment 94 — 94 — — — MSR asset (14,913) — (14,913) (678) — (678) Equity investment — 1,532 1,532 — — —
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 September 30, 2024 Amount Inputs Inputs Inputs Total Financial assets: Cash and cash equivalents $ 1,965,277 $ 1,965,277 $ — $ — $ 1,965,277 Assets segregated for regulatory purposes 55,628 55,628 — — 55,628 Securities purchased under agreements to resell 81,766 — 81,766 — 81,766 Held to maturity securities 754,824 — 690,846 — 690,846 Loans held for sale 138,580 — 119,914 19,413 139,327 Loans held for investment, net 7,868,712 — 340,644 7,727,873 8,068,517 Broker-dealer and clearing organization receivables 1,220,784 — 1,220,784 — 1,220,784 Other assets 71,742 — 71,742 — 71,742 Financial liabilities: Deposits 10,791,447 — 10,788,548 — 10,788,548 Broker-dealer and clearing organization payables 1,110,373 — 1,110,373 — 1,110,373 Short-term borrowings 914,645 — 914,645 — 914,645 Debt 347,533 — 335,970 — 335,970 Other liabilities 21,059 — 21,059 — 21,059 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 6,549 $ 22,654 $ 6,608 $ 27,264 Additional investments — 374 — 374 Upward adjustments — 186 — 611 Impairments and downward adjustments (1,433) (21) (1,492) (5,056) Dispositions (2,324) — (2,324) — Balance, end of period $ 2,792 $ 23,193 $ 2,792 $ 23,193

Securities (Tables)

Securities (Tables)	9 Months Ended
Securities (Tables)	Sep. 30, 2024
Securities
Summary of trading securities	The fair value of trading securities is summarized as follows (in thousands). September 30, December 31, 2024 2023 U.S. Treasury securities $ 127 $ 3,736 U.S. government agencies: Bonds 9,141 12,867 Residential mortgage-backed securities 127,499 124,768 Collateralized mortgage obligations 55,061 86,281 Other 23,381 13,079 Corporate debt securities 41,867 37,569 States and political subdivisions 260,323 180,890 Private-label securitized product 13,130 47,768 Other 10,307 9,033 Totals $ 540,836 $ 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 September 30, 2024 Cost Gains Losses Fair Value U.S. Treasury securities $ 4,990 $ — $ (228) $ 4,762 U.S. government agencies: Bonds 115,645 381 (343) 115,683 Residential mortgage-backed securities 358,539 449 (29,321) 329,667 Commercial mortgage-backed securities 204,089 744 (6,673) 198,160 Collateralized mortgage obligations 741,458 606 (46,066) 695,998 Corporate debt securities 29,408 215 (537) 29,086 States and political subdivisions 34,941 40 (2,637) 32,344 Totals $ 1,489,070 $ 2,435 $ (85,805) $ 1,405,700 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 September 30, 2024 Cost Gains Losses Fair Value U.S. government agencies: Residential mortgage-backed securities $ 261,526 $ — $ (20,625) $ 240,901 Commercial mortgage-backed securities 152,657 — (7,777) 144,880 Collateralized mortgage obligations 263,546 — (30,857) 232,689 States and political subdivisions 77,095 107 (4,826) 72,376 Totals $ 754,824 $ 107 $ (64,085) $ 690,846 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). September 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 4,762 228 1 4,617 368 1 4,762 228 1 4,617 368 U.S. government agencies: Bonds: Unrealized loss for less than twelve months — — — 4 28,988 103 Unrealized loss for twelve months or longer 15 77,173 343 20 112,502 708 15 77,173 343 24 141,490 811 Residential mortgage-backed securities: Unrealized loss for less than twelve months 13 7,804 448 14 8,989 616 Unrealized loss for twelve months or longer 107 305,146 28,873 109 338,769 38,699 120 312,950 29,321 123 347,758 39,315 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — 2 10,413 282 Unrealized loss for twelve months or longer 20 196,733 6,673 18 162,470 8,676 20 196,733 6,673 20 172,883 8,958 Collateralized mortgage obligations: Unrealized loss for less than twelve months 1 810 2 2 11,560 22 Unrealized loss for twelve months or longer 134 662,145 46,064 138 709,571 61,665 135 662,955 46,066 140 721,131 61,687 Corporate debt securities: Unrealized loss for less than twelve months 1 8,618 537 2 13,483 1,501 Unrealized loss for twelve months or longer — — — — — — 1 8,618 537 2 13,483 1,501 States and political subdivisions: Unrealized loss for less than twelve months — — — 10 7,023 55 Unrealized loss for twelve months or longer 52 25,648 2,637 50 20,857 2,640 52 25,648 2,637 60 27,880 2,695 Total available for sale: Unrealized loss for less than twelve months 15 17,232 987 34 80,456 2,579 Unrealized loss for twelve months or longer 329 1,271,607 84,818 336 1,348,786 112,756 344 $ 1,288,839 $ 85,805 370 $ 1,429,242 $ 115,335
Schedule of information regarding held to maturity securities that were in an unrealized loss position	September 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 45 240,901 20,625 44 278,172 25,765 45 240,901 20,625 44 278,172 25,765 Commercial mortgage-backed securities: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 27 144,880 7,777 31 160,208 12,670 27 144,880 7,777 31 160,208 12,670 Collateralized mortgage obligations: Unrealized loss for less than twelve months — — — — — — Unrealized loss for twelve months or longer 54 232,688 30,857 54 247,019 37,189 54 232,688 30,857 54 247,019 37,189 States and political subdivisions: Unrealized loss for less than twelve months 11 6,223 56 39 15,506 479 Unrealized loss for twelve months or longer 158 58,520 4,770 128 45,208 4,865 169 64,743 4,826 167 60,714 5,344 Total held to maturity: Unrealized loss for less than twelve months 11 6,223 56 39 15,506 479 Unrealized loss for twelve months or longer 284 676,989 64,029 257 730,607 80,489 295 $ 683,212 $ 64,085 296 $ 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 September 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 $ 21,587 $ 21,579 $ — $ — Due after one year through five years 63,709 63,311 3,823 3,693 Due after five years through ten years 54,250 53,730 49,427 47,044 Due after ten years 45,438 43,255 23,845 21,639 184,984 181,875 77,095 72,376 Residential mortgage-backed securities 358,539 329,667 261,526 240,901 Commercial mortgage-backed securities 204,089 198,160 152,657 144,880 Collateralized mortgage obligations 741,458 695,998 263,546 232,689 $ 1,489,070 $ 1,405,700 $ 754,824 $ 690,846

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	9 Months Ended
Loans Held for Investment (Tables)	Sep. 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). September 30, December 31, 2024 2023 Commercial real estate: Non-owner occupied $ 1,874,641 $ 1,889,882 Owner occupied 1,427,628 1,422,234 Commercial and industrial 1,662,225 1,607,833 Construction and land development 870,764 1,031,095 1-4 family residential 1,774,891 1,757,178 Consumer 28,837 27,351 Broker-dealer (1) 340,644 344,172 7,979,630 8,079,745 Allowance for credit losses (110,918) (111,413) Total loans held for investment, net of allowance $ 7,868,712 $ 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 September 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 $ 236 $ 3,483 $ 795 $ 4,514 $ 1,870,127 $ 1,874,641 $ — Owner occupied — — 9 9 1,427,619 1,427,628 — Commercial and industrial 4,108 8,901 30,029 43,038 1,619,187 1,662,225 5 Construction and land development 10,092 2,225 877 13,194 857,570 870,764 — 1-4 family residential 3,275 1,495 2,382 7,152 1,767,739 1,774,891 — Consumer 110 6 — 116 28,721 28,837 — Broker-dealer — — — — 340,644 340,644 — $ 17,821 $ 16,110 $ 34,092 $ 68,023 $ 7,911,607 $ 7,979,630 $ 5 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 September 30, 2024 December 31, 2023 Interest Income Recognized With With No With With No Three Months Ended September 30, Nine Months Ended September 30, Allowance Allowance Total Allowance Allowance Total 2024 2023 2024 2023 Commercial real estate: Non-owner occupied $ 412 $ 7,630 $ 8,042 $ 33,728 $ 2,712 $ 36,440 $ 155 $ 83 $ 1,666 $ 264 Owner occupied 87 2,323 2,410 4,630 468 5,098 82 141 845 465 Commercial and industrial 32,493 34,436 66,929 5,216 4,286 9,502 1,056 1,564 1,619 1,833 Construction and land development 877 1,607 2,484 533 2,749 3,282 (13) 9 49 45 1-4 family residential 478 7,398 7,876 726 9,283 10,009 256 432 1,328 1,267 Consumer — — — 6 — 6 — — — — Broker-dealer — — — — — — — — — — $ 34,347 $ 53,394 $ 87,741 $ 44,839 $ 19,498 $ 64,337 $ 1,536 $ 2,229 $ 5,507 $ 3,874
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 September 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ 1,448 $ — $ — $ — 0.1 % Owner occupied — 332 — — — — % Commercial and industrial — 34,030 — — — 2.0 % Construction and land development — — — — — — % 1-4 family residential — 142 — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 35,952 $ — $ — $ — 0.5 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Nine Months Ended September 30, 2024 Reduction Extension Forgiveness Delay Rate Reduction Segment Commercial real estate: Non-owner occupied $ — $ 1,448 $ — $ — $ — 0.1 % Owner occupied — 500 — — — — % Commercial and industrial — 43,819 — — 469 2.7 % Construction and land development — — — — — — % 1-4 family residential — 170 — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 45,937 $ — $ — $ 469 0.6 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Three Months Ended September 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 382 $ — $ — $ — — % Owner occupied — 12 — — — — % Commercial and industrial — 11,440 — — — 0.7 % Construction and land development — — — — — — % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 11,834 $ — $ — $ — 0.1 % Total Combination Modifications as a Interest Rate Term Principal Payment Term Extension and % of Portfolio Nine Months Ended September 30, 2023 Reduction Extension Forgiveness Delay Payment Delay Segment Commercial real estate: Non-owner occupied $ — $ 34,784 $ — $ — $ — 1.9 % Owner occupied — 2,205 — — — 0.2 % Commercial and industrial — 15,057 — 2,868 — 1.1 % Construction and land development — 286 — — — — % 1-4 family residential — — — — — — % Consumer — — — — — — % Broker-dealer — — — — — — % Total $ — $ 52,332 $ — $ 2,868 $ — 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 September 30, 2024 30-59 Days 60-89 Days 90 Days or More Past Due Loans Non-accrual Loans Commercial real estate: Non-owner occupied $ — $ — $ — $ — $ 372 Owner occupied — — — — 111 Commercial and industrial 775 — — 775 33,605 Construction and land development — — — — — 1-4 family residential — — — — 28 Consumer — — — — — Broker-dealer — — — — — Total $ 775 $ — $ — $ 775 $ 34,116
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 September 30, 2024 Nine Months Ended September 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 — % 15 — % 15 Owner occupied — % 18 — % 20 Commercial and industrial — % 27 0.5 % 24 Construction and land development — % — — % — 1-4 family residential — % 60 — % 56 Consumer — % — — % — Broker-dealer — % — — % — Total — % 27 0.5 % 24 Three Months Ended September 30, 2023 Nine Months Ended September 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 — % 12 — % 26 Owner occupied — % 24 — % 35 Commercial and industrial — % 11 — % 11 Construction and land development — % — — % 9 1-4 family residential — % — — % — Consumer — % — — % — Broker-dealer — % — — % — Total — % 11 — % 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 September 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) $ 5,063 $ 4,968 $ 45,238 $ 83,544 $ 2,764 $ 4,434 $ — $ — $ 146,011 Internal Grade 4-7 (Pass normal risk) 173,720 105,605 237,394 261,324 93,358 84,684 5,405 16,523 978,013 Internal Grade 8-11 (Pass high risk and watch) 59,430 119,065 189,049 77,901 115,557 55,670 36,718 1,241 654,631 Internal Grade 12 (Special mention) — — — 4,384 5,211 36,458 — — 46,053 Internal Grade 13 (Substandard accrual) 3,330 4,530 7,585 23,698 993 1,657 — 98 41,891 Internal Grade 14 (Substandard non-accrual) 372 3,784 1,361 1,228 — 1,297 — — 8,042 Current period gross charge-offs — 1,647 — — — — — — 1,647 Commercial real estate: owner occupied Internal Grade 1-3 (Pass low risk) $ 14,479 $ 48,275 $ 12,584 $ 13,889 $ 37,182 $ 43,027 $ 7,226 $ 12,735 $ 189,397 Internal Grade 4-7 (Pass normal risk) 81,510 111,922 134,368 213,090 57,241 185,094 15,915 9,139 808,279 Internal Grade 8-11 (Pass high risk and watch) 32,636 43,824 116,225 57,707 78,557 48,715 4,418 509 382,591 Internal Grade 12 (Special mention) 353 — 440 — 1,191 99 — — 2,083 Internal Grade 13 (Substandard accrual) 2,063 4,199 8,619 7,487 4,970 15,530 — — 42,868 Internal Grade 14 (Substandard non-accrual) 602 9 818 619 — 362 — — 2,410 Current period gross charge-offs — — — — — — — — — Commercial and industrial Internal Grade 1-3 (Pass low risk) $ 26,114 $ 12,011 $ 11,891 $ 50,400 $ 3,426 $ 208 $ 24,563 $ — $ 128,613 Internal Grade 4-7 (Pass normal risk) 63,665 28,951 55,852 26,620 19,018 26,279 339,359 2,608 562,352 Internal Grade 8-11 (Pass high risk and watch) 115,792 66,415 57,699 82,790 15,758 7,254 220,097 3,462 569,267 Internal Grade 12 (Special mention) — 758 — 827 — 268 1,193 — 3,046 Internal Grade 13 (Substandard accrual) 5,549 3,146 3,385 3,242 1,251 714 5,262 5,799 28,348 Internal Grade 14 (Substandard non-accrual) 10,422 8,029 7,912 1,991 311 171 2,399 35,694 66,929 Current period gross charge-offs 623 383 749 110 312 1,487 1,095 2,611 7,370 Construction and land development Internal Grade 1-3 (Pass low risk) $ 4,961 $ — $ 2,790 $ 864 $ — $ 204 $ — $ — $ 8,819 Internal Grade 4-7 (Pass normal risk) 129,816 147,471 133,448 50,029 5,899 2,727 5,681 — 475,071 Internal Grade 8-11 (Pass high risk and watch) 167,470 130,653 32,683 6,409 2,821 2,404 3,536 — 345,976 Internal Grade 12 (Special mention) — 272 — — — — — — 272 Internal Grade 13 (Substandard accrual) 12,758 1,923 156 105 — — — — 14,942 Internal Grade 14 (Substandard non-accrual) 1,138 1,264 82 — — — — — 2,484 Current period gross charge-offs — — — — — — — — — Construction and land development - individuals FICO less than 620 $ — $ — $ — $ — $ — $ — $ — $ — $ — FICO between 620 and 720 4,473 — — — — 836 — — 5,309 FICO greater than 720 10,072 7,535 — 118 48 — — — 17,773 Substandard non-accrual — — — — — — — — — Other (1) 118 — — — — — — — 118 Current period gross charge-offs — — — — — — — — — 1-4 family residential FICO less than 620 $ 305 $ 628 $ 1,147 $ 467 $ 734 $ 21,583 $ 208 $ — $ 25,072 FICO between 620 and 720 15,080 20,856 17,912 9,187 4,165 26,764 1,512 1,102 96,578 FICO greater than 720 88,185 132,526 501,830 677,934 80,890 73,566 2,997 654 1,558,582 Substandard non-accrual 28 — — 1,103 — 6,745 — — 7,876 Other (1) 39,253 14,523 5,219 — 1,344 4,515 1,573 20,356 86,783 Current period gross charge-offs — — — — — 1 — — 1 Consumer FICO less than 620 $ 642 $ 230 $ 253 $ 23 $ 47 $ 4 $ 377 $ 6 $ 1,582 FICO between 620 and 720 2,597 1,639 812 231 134 35 1,958 32 7,438 FICO greater than 720 4,026 2,275 1,522 547 185 1 2,692 — 11,248 Substandard non-accrual — — — — — — — — — Other (1) 6,313 1,211 644 105 13 11 272 — 8,569 Current period gross charge-offs 114 79 — — — 3 10 5 211 Total loans with credit quality measures $ 1,082,335 $ 1,028,497 $ 1,588,918 $ 1,657,863 $ 533,068 $ 651,316 $ 683,361 $ 109,958 $ 7,335,316 Commercial and industrial (mortgage warehouse lending) $ 303,670 Broker-dealer (margin loans and correspondent receivables) $ 340,644 Total loans held for investment $ 7,979,630 (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)	9 Months Ended
Allowance for Credit Losses (Tables)	Sep. 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 September 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 37,321 $ (4,991) $ — $ — $ 32,330 Owner occupied 32,772 1,593 — 13 34,378 Commercial and industrial 28,869 2,323 (3,772) 888 28,308 Construction and land development 7,594 330 — — 7,924 1-4 family residential 7,912 (756) — 5 7,161 Consumer 547 61 (65) 37 580 Broker-dealer 67 170 — — 237 Total $ 115,082 $ (1,270) $ (3,837) $ 943 $ 110,918 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Nine Months Ended September 30, 2024 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 40,061 $ (6,084) $ (1,647) $ — $ 32,330 Owner occupied 28,114 6,236 — 28 34,378 Commercial and industrial 20,926 13,070 (7,370) 1,682 28,308 Construction and land development 12,102 (4,180) — 2 7,924 1-4 family residential 9,461 (2,408) (1) 109 7,161 Consumer 648 23 (211) 120 580 Broker-dealer 101 136 — — 237 Total $ 111,413 $ 6,793 $ (9,229) $ 1,941 $ 110,918 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Three Months Ended September 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 43,582 $ (3,116) $ (34) $ 1 $ 40,433 Owner occupied 27,880 1,549 — 9 29,438 Commercial and industrial 17,315 838 (936) 2,505 19,722 Construction and land development 7,395 1,575 — — 8,970 1-4 family residential 11,618 (179) — 33 11,472 Consumer 615 8 (152) 130 601 Broker-dealer 901 (715) — — 186 Total $ 109,306 $ (40) $ (1,122) $ 2,678 $ 110,822 Balance, Provision for Recoveries on Balance, Beginning of (Reversal of) Loans Charged Off End of Nine Months Ended September 30, 2023 Period Credit Losses Charged Off Loans Period Commercial real estate: Non-owner occupied $ 39,247 $ 1,210 $ (34) $ 10 $ 40,433 Owner occupied 24,008 6,376 (977) 31 29,438 Commercial and industrial 16,035 4,417 (4,015) 3,285 19,722 Construction and land development 6,051 2,919 — — 8,970 1-4 family residential 9,313 2,147 (73) 85 11,472 Consumer 554 106 (274) 215 601 Broker-dealer 234 (48) — — 186 Total $ 95,442 $ 17,127 $ (5,373) $ 3,626 $ 110,822
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 8,585 $ 7,992 $ 8,876 $ 7,784 Other noninterest expense (153) 559 (444) 767 Balance, end of period $ 8,432 $ 8,551 $ 8,432 $ 8,551

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
Mortgage Servicing Rights (Tables)	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 52,902 $ 95,101 $ 96,662 $ 100,825 Additions 3,033 3,759 9,122 23,859 Sales — — (45,129) (19,055) Changes in fair value: Due to changes in model inputs or assumptions (1) (9,541) 7,373 (11,549) 2,834 Due to customer payoffs (652) (1,282) (3,364) (3,512) Balance, end of period $ 45,742 $ 104,951 $ 45,742 $ 104,951 September 30, December 31, 2024 2023 Mortgage loans serviced for others (2) $ 2,547,659 $ 5,227,404 MSR asset as a percentage of serviced mortgage loans 1.80 % 1.85 % (1) Primarily represents normal customer payments, the impact of changes in interest rates, changes in discount rates and prepayment speed assumptions, and the refinement of other MSR model assumptions. Included in the three and nine months ended September 30, 2024 are MSR asset fair value adjustments totaling $4.2 million which reflect the difference between the MSR carrying value and the sales price reflected in a signed letter of intent, dated September 17, 2024, to sell certain MSR assets. (2) Represents unpaid principal balance of mortgage loans serviced for others.
Schedule of key assumptions used in measuring the fair value of the Company's MSR	The key assumptions used in measuring the fair value of the Company’s MSR asset were as follows. September 30, December 31, 2024 2023 Weighted average constant prepayment rate 9.74 % 8.65 % Weighted average discount rate 16.55 % 11.67 % Weighted average life (in years) 7.6 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). September 30, December 31, 2024 2023 Constant prepayment rate: Impact of 10% adverse change $ (1,677) $ (3,511) Impact of 20% adverse change (3,252) (6,796) Discount rate: Impact of 10% adverse change (2,466) (4,474) Impact of 20% adverse change (4,668) (8,537)

Deposits (Tables)

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Sep. 30, 2024
Deposits.
Summary of deposits	Deposits are summarized as follows (in thousands). September 30, December 31, 2024 2023 Noninterest-bearing demand $ 2,831,539 $ 3,007,101 Interest-bearing: Demand accounts 4,011,842 4,496,682 Brokered - demand 4,722 156,692 Money market 2,437,731 1,869,809 Brokered - money market 10,413 8,828 Savings 224,633 259,745 Time 1,270,567 1,221,935 Brokered - time — 42,400 $ 10,791,447 $ 11,063,192

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	9 Months Ended
Short-term Borrowings (Tables)	Sep. 30, 2024
Short-term borrowings
Schedule of short-term borrowings	Short-term borrowings are summarized as follows (in thousands). September 30, December 31, 2024 2023 Federal funds purchased $ 495,258 $ 459,658 Securities sold under agreements to repurchase 198,804 240,050 Federal Home Loan Bank — — Short-term bank loans — — Commercial paper 220,583 200,330 $ 914,645 $ 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). Nine Months Ended September 30, 2024 2023 Average balance during the period $ 722,752 $ 797,489 Average interest rate during the period 5.50 % 5.40 % September 30, December 31, 2024 2023 Average interest rate at end of period 5.21 % 5.60 % Securities underlying the agreements at end of period: Carrying value $ 198,619 $ 239,103 Estimated fair value $ 218,915 $ 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). Nine Months Ended September 30, 2024 2023 Average balance during the period $ — $ 180,861 Average interest rate during the period 5.73 % 5.08 %

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
Notes Payable (Tables)	Sep. 30, 2024
Notes Payable.
Schedule of notes payable	Notes payable consisted of the following (in thousands). September 30, December 31, 2024 2023 Senior Notes due April 2025, net of discount of $347 and $502, respectively $ 149,653 $ 149,498 Subordinated Notes due May 2030, net of discount of $432 and $511, respectively 49,568 49,489 Subordinated Notes due May 2035, net of discount of $1,688 and $1,842, respectively 148,312 148,158 $ 347,533 $ 347,145

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2024
Leases
Schedule of supplemental balance sheet information	Supplemental balance sheet information related to finance leases is as follows (in thousands). September 30, December 31, 2024 2023 Finance leases: Premises and equipment $ 4,780 $ 7,780 Accumulated depreciation (3,959) (6,537) Premises and equipment, net $ 821 $ 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 8,231 $ 8,488 $ 25,214 $ 26,231 Less operating lease and sublease income (454) (655) (1,805) (1,965) Net operating lease cost $ 7,777 $ 7,833 $ 23,409 $ 24,266 Finance lease cost: Amortization of ROU assets $ 126 $ 147 $ 421 $ 442 Interest on lease liabilities 85 104 271 324 Total finance lease cost $ 211 $ 251 $ 692 $ 766
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases is as follows (in thousands). Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 25,290 $ 27,899 Operating cash flows from finance leases 275 326 Financing cash flows from finance leases 666 628 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 22,723 $ 11,396 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. September 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 5.4 5.69 % 5.3 4.59 % Finance 2.9 5.09 % 3.3 4.98 %
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under lease agreements as of September 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 7,670 $ 222 2025 29,863 886 2026 24,105 813 2027 19,181 448 2028 14,716 149 Thereafter 33,835 — Total minimum lease payments 129,370 2,518 Less amount representing interest (18,571) (639) Lease liabilities $ 110,799 $ 1,879
Schedule of future minimum lease payments under finance leases	Future minimum lease payments under lease agreements as of September 30, 2024, are presented below (in thousands). Operating Leases Finance Leases 2024 $ 7,670 $ 222 2025 29,863 886 2026 24,105 813 2027 19,181 448 2028 14,716 149 Thereafter 33,835 — Total minimum lease payments 129,370 2,518 Less amount representing interest (18,571) (639) Lease liabilities $ 110,799 $ 1,879

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 22,990 $ 27,567 $ 26,909 $ 31,244 Claims made 10,773 6,572 27,925 37,582 Claims resolved with no payment (2,871) (1,633) (10,330) (11,418) Repurchases (6,430) (4,430) (18,747) (25,430) Indemnification payments (1,434) (386) (2,729) (4,288) Balance, end of period $ 23,028 $ 27,690 $ 23,028 $ 27,690 Indemnification Liability Reserve Activity Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Balance, beginning of period $ 9,095 $ 15,058 $ 11,691 $ 20,528 Additions for new sales 856 480 1,966 1,317 Repurchases (1,308) (1,896) (4,391) (7,781) Early payment defaults (74) (65) (565) (295) Indemnification payments (59) (27) (191) (219) Balance, end of period $ 8,510 $ 13,550 $ 8,510 $ 13,550 September 30, December 31, 2024 2023 Reserve for Indemnification Liability: Specific claims $ 1,083 $ 951 Incurred but not reported claims 7,427 10,740 Total $ 8,510 $ 11,691

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 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 nine months ended September 30, 2024 (shares in thousands). RSUs Weighted Average Grant Date Outstanding Fair Value Balance, December 31, 2023 1,252 $ 34.10 Granted 556 $ 30.62 Vested/Released (526) $ 33.02 Forfeited (19) $ 32.86 Balance, September 30, 2024 1,263 $ 33.04

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
Regulatory Matters (Tables)	Sep. 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 the 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 September 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 September 30, 2024 December 31, 2023 Buffer Capitalized Amount Ratio Amount Ratio Ratio Ratio Tier 1 capital (to average assets): PlainsCapital $ 1,312,378 10.34 % $ 1,407,660 10.55 % 4.0 % 5.0 % Hilltop 2,004,620 12.95 % 1,974,918 12.23 % 4.0 % N/A Common equity Tier 1 capital PlainsCapital 1,312,378 14.94 % 1,407,660 15.44 % 7.0 % 6.5 % Hilltop 2,004,620 20.48 % 1,974,918 19.32 % 7.0 % N/A Tier 1 capital (to risk-weighted assets): PlainsCapital 1,312,378 14.94 % 1,407,660 15.44 % 8.5 % 8.0 % Hilltop 2,004,620 20.48 % 1,974,918 19.32 % 8.5 % N/A Total capital (to risk-weighted assets): PlainsCapital 1,416,982 16.13 % 1,511,239 16.58 % 10.5 % 10.0 % Hilltop 2,318,545 23.68 % 2,284,357 22.34 % 10.5 % N/A
Schedule of net capital position	At September 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 $ 227,445 $ 3,641 Less: required net capital 6,995 319 Excess net capital $ 220,450 $ 3,322 Net capital as a percentage of aggregate debit items 65.0 % Net capital in excess of 5% aggregate debit items $ 209,957

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Increase (decrease) in fair value of derivatives during period: PrimeLending $ (29) $ (946) $ 11,177 $ 5,840 Hilltop Broker-Dealers 10,570 13,214 5,949 (4,016) Bank (7) 92 6 76
Schedule of derivative positions	Derivative positions are presented in the following table (in thousands). September 30, 2024 December 31, 2023 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value Derivative instruments (not designated as hedges): IRLCs $ 625,180 $ 8,321 $ 383,767 $ 7,734 Commitments to purchase MBSs 2,486,073 15,563 1,470,142 15,666 Commitments to sell MBSs 2,874,891 102 2,222,225 (17,870) Interest rate swaps 44,770 (2,607) 33,500 (5,349) Interest rate swaps back-to-back (asset) (1) 10,247 192 1,421 176 Interest rate swaps back-to-back (liability) (1) 10,247 (201) 1,421 (191) U.S. Treasury bond futures and options (2) 80,600 — 306,200 430 Interest rate and other futures (2) 199,900 — 224,800 — Credit default swaps 15,000 — — — Warrants — — 866 820 Derivative instruments (designated as hedges): Interest rate swaps designated as cash flow hedges $ 335,000 $ 7,039 $ 410,000 $ 14,277 Interest rate swaps designated as fair value hedges (3) 361,153 26,466 325,193 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 September 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 $361.2 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 $334.5 million and $290.2 million as of September 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 $26.6 million and $35.0 million as of September 30, 2024 and December 31, 2023, respectively.

Balance Sheet Offsetting (Table

Balance Sheet Offsetting (Tables)	9 Months Ended
Balance Sheet Offsetting (Tables)	Sep. 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 September 30, 2024 Securities borrowed: Institutional counterparties $ 1,077,956 $ — $ 1,077,956 $ (1,023,786) $ — $ 54,170 Interest rate swaps: Institutional counterparties 34,195 — 34,195 — (34,195) — Reverse repurchase agreements: Institutional counterparties 81,766 — 81,766 (81,340) — 426 Forward MBS derivatives: Institutional counterparties 19,156 — 19,156 (845) — 18,311 $ 1,213,073 $ — $ 1,213,073 $ (1,105,971) $ (34,195) $ 72,907 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 September 30, 2024 Securities loaned: Institutional counterparties $ 1,066,651 $ — $ 1,066,651 $ (1,010,533) $ — $ 56,118 Interest rate swaps: Institutional counterparties 3,306 — 3,306 — — 3,306 Repurchase agreements: Institutional counterparties 198,619 — 198,619 (198,619) — — Forward MBS derivatives: Institutional counterparties 3,490 — 3,490 (845) (264) 2,381 $ 1,272,066 $ — $ 1,272,066 $ (1,209,997) $ (264) $ 61,805 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 September 30, 2024 and December 31, 2023. Remaining Contractual Maturities Overnight and Greater Than September 30, 2024 Continuous Up to 30 Days 30-90 Days 90 Days Total Repurchase agreement transactions: U.S. Treasury and agency securities $ 33,886 $ — $ — $ — $ 33,886 Asset-backed securities 76,487 88,246 — — 164,733 Securities lending transactions: Corporate securities 60 — — — 60 Equity securities 1,066,591 — — — 1,066,591 Total $ 1,177,024 $ 88,246 $ — $ — $ 1,265,270 Gross amount of recognized liabilities for repurchase agreement and securities lending transactions in offsetting disclosure above $ 1,265,270 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)	9 Months Ended
	Sep. 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). September 30, December 31, 2024 2023 Receivables: Securities borrowed $ 1,077,956 $ 1,406,937 Securities failed to deliver 15,592 28,120 Trades in process of settlement 110,530 123,722 Other 16,706 15,152 $ 1,220,784 $ 1,573,931 Payables: Securities loaned $ 1,066,651 $ 1,371,896 Correspondents 26,152 33,286 Securities failed to receive 11,272 18,135 Other 6,298 7,417 $ 1,110,373 $ 1,430,734

Segment and Related Informati_2

Segment and Related Information (Tables)	9 Months Ended
Segment and Related Information (Tables)	Sep. 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 September 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 93,536 $ 12,409 $ (4,417) $ (3,303) $ 6,818 $ 105,043 Provision for (reversal of) credit losses (1,440) 170 — — — (1,270) Noninterest income 10,726 111,849 79,922 4,962 (7,016) 200,443 Noninterest expense 57,557 107,094 84,223 15,631 (193) 264,312 Income (loss) before taxes $ 48,145 $ 16,994 $ (8,718) $ (13,972) $ (5) $ 42,444 Mortgage All Other and Hilltop Nine Months Ended September 30, 2024 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 277,600 $ 36,896 $ (13,240) $ (9,560) $ 20,618 $ 312,314 Provision for (reversal of) credit losses 6,657 136 — — — 6,793 Noninterest income 31,884 308,480 239,489 16,747 (21,234) 575,366 Noninterest expense 171,527 302,102 250,067 47,731 (628) 770,799 Income (loss) before taxes $ 131,300 $ 43,138 $ (23,818) $ (40,544) $ 12 $ 110,088 Mortgage All Other and Hilltop Three Months Ended September 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 99,047 $ 12,215 $ (5,482) $ (3,175) $ 13,045 $ 115,650 Provision for (reversal of) credit losses 675 (715) — — — (40) Noninterest income 11,668 106,488 88,747 3,159 (13,213) 196,849 Noninterest expense 56,887 97,865 91,505 13,937 (177) 260,017 Income (loss) before taxes $ 53,153 $ 21,553 $ (8,240) $ (13,953) $ 9 $ 52,522 Mortgage All Other and Hilltop Nine Months Ended September 30, 2023 Banking Broker-Dealer Origination Corporate Eliminations Consolidated Net interest income (expense) $ 304,804 $ 39,279 $ (15,590) $ (9,976) $ 37,105 $ 355,622 Provision for (reversal of) credit losses 17,175 (48) — — — 17,127 Noninterest income 34,046 297,164 247,655 8,944 (37,815) 549,994 Noninterest expense 170,450 283,063 278,918 45,750 (717) 777,464 Income (loss) before taxes $ 151,225 $ 53,428 $ (46,853) $ (46,782) $ 7 $ 111,025 Mortgage All Other and Hilltop Banking Broker-Dealer Origination Corporate Eliminations Consolidated September 30, 2024 Goodwill $ 247,368 $ 7,008 $ 13,071 $ — $ — $ 267,447 Total assets $ 13,112,176 $ 2,607,105 $ 1,057,679 $ 2,616,401 $ (3,466,956) $ 15,926,405 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)	9 Months Ended
Earnings per Common Share (Tables)	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic earnings per share: Income attributable to Hilltop $ 29,693 $ 37,042 $ 77,694 $ 80,975 Weighted average shares outstanding - basic 64,928 65,106 65,070 65,011 Basic earnings per common share: $ 0.46 $ 0.57 $ 1.19 $ 1.25 Diluted earnings per share: Income attributable to Hilltop $ 29,693 $ 37,042 $ 77,694 $ 80,975 Weighted average shares outstanding - basic 64,928 65,106 65,070 65,011 Effect of potentially dilutive securities 18 2 10 3 Weighted average shares outstanding - diluted 64,946 65,108 65,080 65,014 Diluted earnings per common share: $ 0.46 $ 0.57 $ 1.19 $ 1.25

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Nature of Operations and Basis of Presentation (Details)	9 Months Ended
	Sep. 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				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noninterest income:
Securities commissions and fees	$ 30,434	$ 30,373	$ 22,864	$ 25,933	$ 90,317	$ 73,152	$ 100,532	$ 115,181	$ 107,415
Other	$ 47,854	54,384	45,583	40,970	$ 140,188	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 commissions and fees		35,557	28,044	31,223		88,873	121,875	139,122	143,827
Other		49,200	40,403	35,680		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 commissions and fees		(5,184)	(5,180)	(5,290)		(15,721)	(21,343)	(23,941)	(36,412)
Other		$ 5,184	$ 5,180	$ 5,290		$ 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	Sep. 30, 2024	Dec. 31, 2023
Fair Value Measurements
Mortgage loans held for sale, fair value	$ 768.2	$ 822.2
Mortgage loans held for sale, unpaid principal balance	$ 754.1	$ 802.3

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Trading securities	$ 540,836	$ 515,991
Available for sale securities	1,405,700	1,507,595
Equity securities	287	321
MSR asset	45,742	96,662
Financial liabilities:
Securities sold, not yet purchased	47,773	34,872
Recurring
Financial assets:
Trading securities	540,836	515,991
Available for sale securities	1,405,700	1,507,595
Equity securities	287	321
Loans held for sale	795,144	822,194
Loans held for investment		10,858
Derivative assets	$ 67,968	$ 77,598
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
MSR asset	$ 45,742	$ 96,662
Equity investments	22,547	19,540
Financial liabilities:
Securities sold, not yet purchased	47,773	34,872
Derivative liabilities	13,093	27,106
Recurring \| Level 1
Financial assets:
Trading securities	5,515	8,929
Equity securities	287	321
Financial liabilities:
Securities sold, not yet purchased	44,886	14,027
Recurring \| Level 2
Financial assets:
Trading securities	535,321	507,062
Available for sale securities	1,376,614	1,483,177
Loans held for sale	746,840	784,158
Derivative assets	67,968	76,778
Financial liabilities:
Securities sold, not yet purchased	2,887	20,845
Derivative liabilities	13,093	27,106
Recurring \| Level 3
Financial assets:
Available for sale securities	29,086	24,418
Loans held for sale	48,304	38,036
Loans held for investment		10,858
Derivative assets		820
MSR asset	45,742	96,662
Equity investments	$ 22,547	$ 19,540

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward, Level 3 (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	$ 149,755	$ 146,107	$ 190,334	$ 150,713
Purchases/Additions	34,737	32,674	86,933	90,282
Sales/Reductions	(30,740)	(9,171)	(111,706)	(58,955)
Transfers to (from) Level 3				(446)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(9,073)	(6,462)	(21,060)	(18,446)
Included in Other Comprehensive Income (Loss)	1,000		1,178
Asset balance, End of Year	145,679	163,148	145,679	163,148
Available for sale securities
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	21,145		24,418
Purchases/Additions	6,250	11,696	6,250	11,696
Sales/Reductions			(4,702)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	691	304	1,942	304
Included in Other Comprehensive Income (Loss)	1,000		1,178
Asset balance, End of Year	29,086	12,000	29,086	12,000
Loans held for sale
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	56,168	41,292	38,036	40,707
Purchases/Additions	23,979	17,219	70,086	54,727
Sales/Reductions	(30,740)	(9,171)	(47,925)	(39,900)
Transfers to (from) Level 3				(446)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(1,103)	(13,142)	(11,893)	(18,890)
Asset balance, End of Year	48,304	36,198	48,304	36,198
Loans held for investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year		9,714	10,858	9,181
Sales/Reductions			(11,352)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income		285	494	818
Asset balance, End of Year		9,999		9,999
MSR asset
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	52,902	95,101	96,662	100,825
Purchases/Additions	3,033	3,759	9,122	23,859
Sales/Reductions			(45,129)	(19,055)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	(10,193)	6,091	(14,913)	(678)
Asset balance, End of Year	45,742	$ 104,951	45,742	$ 104,951
Derivative
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year			820
Sales/Reductions			(2,598)
Total Gains or Losses (Realized or Unrealized):
Included in Net Income			1,778
Equity investment
Rollforward for financial instruments measured at fair value using Level 3 inputs
Asset balance, Beginning of Year	19,540		19,540
Purchases/Additions	1,475		1,475
Total Gains or Losses (Realized or Unrealized):
Included in Net Income	1,532		1,532
Asset balance, End of Year	$ 22,547		$ 22,547

Fair Value Measurements - Level

Fair Value Measurements - Level 3, Inputs, Recurring (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Significant unobservable inputs used in the fair value measurements
Servicing Asset at Fair Value, Amount	$ 45,742	$ 96,662
Equity, at fair value	287	321
Recurring
Significant unobservable inputs used in the fair value measurements
Loans held for sale	795,144	822,194
Derivative assets, Fair Value	67,968	77,598
Servicing Asset at Fair Value, Amount	45,742	96,662
Equity, at fair value	287	321
Level 3 \| Recurring
Significant unobservable inputs used in the fair value measurements
Loans held for sale	48,304	38,036
Derivative assets, Fair Value		820
Servicing Asset at Fair Value, Amount	45,742	96,662
Level 3 \| Recurring \| Available for sale securities \| Discounted Cash Flow
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 22,789	$ 22,789
Level 3 \| Recurring \| Available for sale securities \| Discounted Cash Flow \| Minimum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1250	0.1425
Level 3 \| Recurring \| Available for sale securities \| Discounted Cash Flow \| Maximum
Significant unobservable inputs used in the fair value measurements
Available for sale securities, Measurement Input	0.1325	0.1550
Level 3 \| Recurring \| Available for sale securities \| Recent transaction
Significant unobservable inputs used in the fair value measurements
Available-for-Sale, Fair Value Disclosure	$ 6,297	$ 6,297
Level 3 \| Recurring \| Loans held for sale
Significant unobservable inputs used in the fair value measurements
Loans held for sale	$ 48,304	$ 48,304
Loan Held-for-Sale, Valuation Technique [Extensible Enumeration]	Market Approach	Market Approach
Loan Held-for-Sale, Measurement Input [Extensible Enumeration]	us-gaap:MeasurementInputPriceVolatilityMember	us-gaap:MeasurementInputPriceVolatilityMember
Level 3 \| Recurring \| Loans held for sale \| Weighted Average
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Measurement Input	0.93	0.90
Level 3 \| Recurring \| Loans held for sale \| 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 \| Maximum
Significant unobservable inputs used in the fair value measurements
Loan, Held-for-Sale, Measurement Input	0.94	0.92
Level 3 \| Recurring \| Loans held for investment
Significant unobservable inputs used in the fair value measurements
Loan Held-for-Sale, Valuation Technique [Extensible Enumeration]		Discounted Cash Flow
Loan, Held-for-Sale, Measurement Input		0.1000
Loan Held-for-Sale, Measurement Input [Extensible Enumeration]		Discount Rate
Level 3 \| Recurring \| Derivative
Significant unobservable inputs used in the fair value measurements
Derivative Asset, Valuation Technique [Extensible Enumeration]		Discounted Cash Flow
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	$ 45,742	$ 45,742
Servicing Asset, Valuation Technique [Extensible Enumeration]	Discounted Cash Flow	Discounted Cash Flow
Level 3 \| Recurring \| MSR asset \| Constant Prepayment Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.0974	0.0865
Level 3 \| Recurring \| MSR asset \| Discount Rate
Significant unobservable inputs used in the fair value measurements
Servicing Asset, Measurement Input	0.1655	0.1167
Level 3 \| Recurring \| Equity investment \| Market Approach
Significant unobservable inputs used in the fair value measurements
Equity investments, Fair Value	$ 21,072	$ 21,072
Equity investments, Measurement input	0.104
Level 3 \| Recurring \| Equity investment \| Recent transaction
Significant unobservable inputs used in the fair value measurements
Equity investments, Fair Value	$ 1,475	$ 1,475

Fair Value Measurements - Chang

Fair Value Measurements - Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Option
Net Gains (Losses)	$ 47,816		$ 47,262		$ 146,468	$ 135,763
Other Noninterest Income	47,854	$ 54,384	45,583	$ 40,970	140,188	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)	(4,666)		(3,330)		(7,789)	(5,563)
Total Changes in Fair Value	(4,666)		(3,330)		(7,789)	(5,563)
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)	(10,193)		6,091		(14,913)	(678)
Total Changes in Fair Value	(10,193)		$ 6,091		(14,913)	$ (678)
Equity investment
Fair Value Option
Other Noninterest Income	1,532				1,532
Total Changes in Fair Value	$ 1,532				$ 1,532

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Held to maturity securities	$ 690,846	$ 731,858
Loans held for investment, net	7,868,712	7,968,332
Broker-dealer and clearing organization receivables	1,220,784	1,573,931
Financial liabilities:
Broker-dealer and clearing organization payables	1,110,373	1,430,734
Carrying Value
Financial assets:
Cash and cash equivalents	1,965,277	1,859,350
Assets segregated for regulatory purposes	55,628	57,395
Securities purchased under agreements to resell	81,766	80,011
Held to maturity securities	754,824	812,677
Loans held for sale	138,580	121,652
Loans held for investment, net	7,868,712	7,957,474
Broker-dealer and clearing organization receivables	1,220,784	1,573,931
Other assets	71,742	74,613
Financial liabilities:
Deposits	10,791,447	11,063,192
Broker-dealer and clearing organization payables	1,110,373	1,430,734
Short-term borrowings	914,645	900,038
Debt	347,533	347,145
Other liabilities	21,059	24,280
Fair Value
Financial assets:
Cash and cash equivalents	1,965,277	1,859,350
Assets segregated for regulatory purposes	55,628	57,395
Securities purchased under agreements to resell	81,766	80,011
Held to maturity securities	690,846	731,858
Loans held for sale	139,327	122,240
Loans held for investment, net	8,068,517	8,040,565
Broker-dealer and clearing organization receivables	1,220,784	1,573,931
Other assets	71,742	74,613
Financial liabilities:
Deposits	10,788,548	11,045,957
Broker-dealer and clearing organization payables	1,110,373	1,430,734
Short-term borrowings	914,645	900,038
Debt	335,970	319,505
Other liabilities	21,059	24,280
Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	1,965,277	1,859,350
Assets segregated for regulatory purposes	55,628	57,395
Fair Value \| Level 2
Financial assets:
Securities purchased under agreements to resell	81,766	80,011
Held to maturity securities	690,846	731,858
Loans held for sale	119,914	99,358
Loans held for investment, net	340,644	344,172
Broker-dealer and clearing organization receivables	1,220,784	1,573,931
Other assets	71,742	74,613
Financial liabilities:
Deposits	10,788,548	11,045,957
Broker-dealer and clearing organization payables	1,110,373	1,430,734
Short-term borrowings	914,645	900,038
Debt	335,970	319,505
Other liabilities	21,059	24,280
Fair Value \| Level 3
Financial assets:
Loans held for sale	19,413	22,882
Loans held for investment, net	$ 7,727,873	$ 7,696,393

Fair Value Measurements - Adjus

Fair Value Measurements - Adjustments to the carrying value of investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Adjustments to the carrying value of these investments
Balance, beginning of period	$ 6,549	$ 22,654	$ 6,608	$ 27,264
Additional investments	0	374	0	374
Upward adjustments	0	186	0	611
Impairments and downward adjustments	(1,433)	(21)	(1,492)	(5,056)
Dispositions	(2,324)		(2,324)
Balance, end of period	2,792	$ 23,193	2,792	$ 23,193
Other Assets
Equity Securities without Readily Determinable Fair Value
Other equity investments	$ 34,700		$ 34,700		$ 59,200

Securities - Trading Securities

Securities - Trading Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule of fair value of trading securities
Debt Securities, Trading	$ 540,836	$ 515,991
Investment-related Liabilities
Securities sold, not yet purchased, at fair value	47,773	34,872
U.S. Treasury securities
Schedule of fair value of trading securities
Debt Securities, Trading	127	3,736
Bonds
Schedule of fair value of trading securities
Debt Securities, Trading	9,141	12,867
Residential mortgage-backed securities
Schedule of fair value of trading securities
Debt Securities, Trading	127,499	124,768
Collateralized mortgage obligations
Schedule of fair value of trading securities
Debt Securities, Trading	55,061	86,281
Other
Schedule of fair value of trading securities
Debt Securities, Trading	23,381	13,079
Corporate debt securities
Schedule of fair value of trading securities
Debt Securities, Trading	41,867	37,569
States and political subdivisions
Schedule of fair value of trading securities
Debt Securities, Trading	260,323	180,890
Private-label securitized product
Schedule of fair value of trading securities
Debt Securities, Trading	13,130	47,768
Other Debt
Schedule of fair value of trading securities
Debt Securities, Trading	$ 10,307	$ 9,033

Securities - AFS and HTM, Amort

Securities - AFS and HTM, Amortized Cost and FV (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Available for sale
Amortized Cost	$ 1,489,070		$ 1,621,747
Unrealized Gains	2,435		1,183
Unrealized Losses	(85,805)		(115,335)
Available for sale securities	1,405,700		1,507,595
Held to maturity
Amortized Cost	754,824		812,677
Unrealized Gains	107		149
Unrealized Losses	(64,085)		(80,968)
Held to maturity, Fair Value	690,846		731,858
Equity Securities
Net gains due to changes in the fair value of equity securities	200		300
Equity, at fair value	287		321
Recognized net (loss) gain on equity securities	100	$ 100
U.S. Treasury securities
Available for sale
Amortized Cost	4,990		4,985
Unrealized Losses	(228)		(368)
Available for sale securities	4,762		4,617
Bonds
Available for sale
Amortized Cost	115,645		166,617
Unrealized Gains	381		360
Unrealized Losses	(343)		(811)
Available for sale securities	115,683		166,166
Residential mortgage-backed securities
Available for sale
Amortized Cost	358,539		389,160
Unrealized Gains	449		25
Unrealized Losses	(29,321)		(39,315)
Available for sale securities	329,667		349,870
Held to maturity
Amortized Cost	261,526		278,172
Unrealized Losses	(20,625)		(25,765)
Held to maturity, Fair Value	240,901		252,407
Commercial mortgage-backed securities
Available for sale
Amortized Cost	204,089		200,236
Unrealized Gains	744		468
Unrealized Losses	(6,673)		(8,958)
Available for sale securities	198,160		191,746
Held to maturity
Amortized Cost	152,657		172,879
Unrealized Losses	(7,777)		(12,670)
Held to maturity, Fair Value	144,880		160,209
Collateralized mortgage obligations
Available for sale
Amortized Cost	741,458		797,876
Unrealized Gains	606		291
Unrealized Losses	(46,066)		(61,686)
Available for sale securities	695,998		736,481
Held to maturity
Amortized Cost	263,546		284,208
Unrealized Losses	(30,857)		(37,189)
Held to maturity, Fair Value	232,689		247,019
Corporate debt securities
Available for sale
Amortized Cost	29,408		25,919
Unrealized Gains	215
Unrealized Losses	(537)		(1,501)
Available for sale securities	29,086		24,418
States and political subdivisions
Available for sale
Amortized Cost	34,941		36,954
Unrealized Gains	40		39
Unrealized Losses	(2,637)		(2,696)
Available for sale securities	32,344		34,297
Held to maturity
Amortized Cost	77,095		77,418
Unrealized Gains	107		149
Unrealized Losses	(4,826)		(5,344)
Held to maturity, Fair Value	$ 72,376		$ 72,223

Securities - AFS in an Unrealiz

Securities - AFS in an Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	15	34
Unrealized loss for twelve months or longer \| item	329	336
Total \| item	344	370
Fair Value
Unrealized loss for less than twelve months	$ 17,232	$ 80,456
Unrealized loss for twelve months or longer	1,271,607	1,348,786
Total	1,288,839	1,429,242
Unrealized Loss
Unrealized loss for less than twelve months	987	2,579
Unrealized loss for twelve months or longer	84,818	112,756
Total	$ 85,805	$ 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	$ 4,762	$ 4,617
Total	4,762	4,617
Unrealized Loss
Unrealized loss for twelve months or longer	228	368
Total	$ 228	$ 368
Bonds
Number of Securities
Unrealized loss for less than twelve months \| item		4
Unrealized loss for twelve months or longer \| item	15	20
Total \| item	15	24
Fair Value
Unrealized loss for less than twelve months		$ 28,988
Unrealized loss for twelve months or longer	$ 77,173	112,502
Total	77,173	141,490
Unrealized Loss
Unrealized loss for less than twelve months		103
Unrealized loss for twelve months or longer	343	708
Total	$ 343	$ 811
Residential mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item	13	14
Unrealized loss for twelve months or longer \| item	107	109
Total \| item	120	123
Fair Value
Unrealized loss for less than twelve months	$ 7,804	$ 8,989
Unrealized loss for twelve months or longer	305,146	338,769
Total	312,950	347,758
Unrealized Loss
Unrealized loss for less than twelve months	448	616
Unrealized loss for twelve months or longer	28,873	38,699
Total	$ 29,321	$ 39,315
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for less than twelve months \| item		2
Unrealized loss for twelve months or longer \| item	20	18
Total \| item	20	20
Fair Value
Unrealized loss for less than twelve months		$ 10,413
Unrealized loss for twelve months or longer	$ 196,733	162,470
Total	196,733	172,883
Unrealized Loss
Unrealized loss for less than twelve months		282
Unrealized loss for twelve months or longer	6,673	8,676
Total	$ 6,673	$ 8,958
Collateralized mortgage obligations
Number of Securities
Unrealized loss for less than twelve months \| item	1	2
Unrealized loss for twelve months or longer \| item	134	138
Total \| item	135	140
Fair Value
Unrealized loss for less than twelve months	$ 810	$ 11,560
Unrealized loss for twelve months or longer	662,145	709,571
Total	662,955	721,131
Unrealized Loss
Unrealized loss for less than twelve months	2	22
Unrealized loss for twelve months or longer	46,064	61,665
Total	$ 46,066	$ 61,687
Corporate debt securities
Number of Securities
Unrealized loss for less than twelve months \| item	1	2
Total \| item	1	2
Fair Value
Unrealized loss for less than twelve months	$ 8,618	$ 13,483
Total	8,618	13,483
Unrealized Loss
Unrealized loss for less than twelve months	537	1,501
Total	$ 537	$ 1,501
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item		10
Unrealized loss for twelve months or longer \| item	52	50
Total \| item	52	60
Fair Value
Unrealized loss for less than twelve months		$ 7,023
Unrealized loss for twelve months or longer	$ 25,648	20,857
Total	25,648	27,880
Unrealized Loss
Unrealized loss for less than twelve months		55
Unrealized loss for twelve months or longer	2,637	2,640
Total	$ 2,637	$ 2,695

Securities - HTM in an Unrealiz

Securities - HTM in an Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Number of Securities
Unrealized loss for less than twelve months \| item	11	39
Unrealized loss for twelve months or longer \| item	284	257
Total \| item	295	296
Fair Value
Unrealized loss for less than twelve months	$ 6,223	$ 15,506
Unrealized loss for twelve months or longer	676,989	730,607
Total	683,212	746,113
Unrealized Losses
Unrealized loss for less than twelve months	56	479
Unrealized loss for twelve months or longer	64,029	80,489
Total	$ 64,085	$ 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	$ 240,901	$ 278,172
Total	240,901	278,172
Unrealized Losses
Unrealized loss for twelve months or longer	20,625	25,765
Total	$ 20,625	$ 25,765
Commercial mortgage-backed securities
Number of Securities
Unrealized loss for twelve months or longer \| item	27	31
Total \| item	27	31
Fair Value
Unrealized loss for twelve months or longer	$ 144,880	$ 160,208
Total	144,880	160,208
Unrealized Losses
Unrealized loss for twelve months or longer	7,777	12,670
Total	$ 7,777	$ 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	$ 232,688	$ 247,019
Total	232,688	247,019
Unrealized Losses
Unrealized loss for twelve months or longer	30,857	37,189
Total	$ 30,857	$ 37,189
States and political subdivisions
Number of Securities
Unrealized loss for less than twelve months \| item	11	39
Unrealized loss for twelve months or longer \| item	158	128
Total \| item	169	167
Fair Value
Unrealized loss for less than twelve months	$ 6,223	$ 15,506
Unrealized loss for twelve months or longer	58,520	45,208
Total	64,743	60,714
Unrealized Losses
Unrealized loss for less than twelve months	56	479
Unrealized loss for twelve months or longer	4,770	4,865
Total	$ 4,826	$ 5,344

Securities - AFS Contractual Ma

Securities - AFS Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
AFS, Amortized Cost, Rolling Maturity
Due in one year or less	$ 21,587
Due after one year through five years	63,709
Due after five years through ten years	54,250
Due after ten years	45,438
Total	184,984
Amortized Cost	1,489,070	$ 1,621,747
AFS, Fair Value, Rolling Maturity
Due in one year or less	21,579
Due after one year through five years	63,311
Due after five years through ten years	53,730
Due after ten years	43,255
Total	181,875
Fair Value	1,405,700	1,507,595
Residential mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	358,539
Amortized Cost	358,539	389,160
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	329,667
Fair Value	329,667	349,870
Commercial mortgage-backed securities
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	204,089
Amortized Cost	204,089	200,236
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	198,160
Fair Value	198,160	191,746
Collateralized mortgage obligations
AFS, Amortized Cost, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	741,458
Amortized Cost	741,458	797,876
AFS, Fair Value, Rolling Maturity
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	695,998
Fair Value	$ 695,998	$ 736,481

Securities - HTM Contractual Ma

Securities - HTM Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
HTM, Amortized Cost, Rolling Maturities
Due after one year through five years	$ 3,823
Due after five years through ten years	49,427
Due after ten years	23,845
Total	77,095
Amortized Cost	754,824	$ 812,677
HTM, Fair Value, Rolling Maturities
Due after one year through five years	3,693
Due after five years through ten years	47,044
Due after ten years	21,639
Total	72,376
Fair Value	690,846	731,858
Residential mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	261,526
Amortized Cost	261,526	278,172
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	240,901
Fair Value	240,901	252,407
Commercial mortgage-backed securities
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	152,657
Amortized Cost	152,657	172,879
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	144,880
Fair Value	144,880	160,209
Collateralized mortgage obligations
HTM, Amortized Cost, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	263,546
Amortized Cost	263,546	284,208
HTM, Fair Value, Rolling Maturities
Mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities	232,689
Fair Value	$ 232,689	$ 247,019

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Securities
Realized net gains from trading securities portfolio	$ 7.4	$ 9.4	$ 27.4	$ 39
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	$ 590.5		$ 590.5		$ 537.2
Fair value of securities pledged	556.1		556.1		$ 503.1
Hilltop Broker-Dealers
Securities
Realized net gains from trading securities portfolio	14.6	$ 8.2	55.4	$ 52.8
Realized net gains (losses) from other securities	$ 0		$ 0

Loans Held for Investment - Sum

Loans Held for Investment - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Loans
Loans	$ 7,979,630		$ 8,079,745
Allowance for loan losses	(110,918)	$ (115,082)	(111,413)	$ (110,822)	$ (109,306)	$ (95,442)
Loans held for investment, net	7,868,712		7,968,332
Commercial Real Estate \| Non-owner occupied
Loans
Loans	1,874,641		1,889,882
Allowance for loan losses	(32,330)	(37,321)	(40,061)	(40,433)	(43,582)	(39,247)
Commercial Real Estate \| Owner occupied
Loans
Loans	1,427,628		1,422,234
Allowance for loan losses	(34,378)	(32,772)	(28,114)	(29,438)	(27,880)	(24,008)
Commercial and industrial
Loans
Loans	1,662,225		1,607,833
Allowance for loan losses	(28,308)	(28,869)	(20,926)	(19,722)	(17,315)	(16,035)
Construction and land development
Loans
Loans	870,764		1,031,095
Allowance for loan losses	(7,924)	(7,594)	(12,102)	(8,970)	(7,395)	(6,051)
Residential
Loans
Loans	1,774,891		1,757,178
Allowance for loan losses	(7,161)	(7,912)	(9,461)	(11,472)	(11,618)	(9,313)
Consumer
Loans
Loans	28,837		27,351
Allowance for loan losses	(580)	(547)	(648)	(601)	(615)	(554)
Broker-dealer
Loans
Loans	340,644		344,172
Allowance for loan losses	$ (237)	$ (67)	$ (101)	$ (186)	$ (901)	$ (234)

Loans Held for Investment - Agi

Loans Held for Investment - Aging (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 7,979,630	$ 8,079,745
Accruing Loans Past Due 90 Days or More	5
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	17,821	25,716
60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	16,110	4,732
90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	34,092	10,254
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	68,023	40,702
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,911,607	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	140,800	115,100
Unpaid principal balance loans past due 90 days or more	141,600	115,700
Commercial Real Estate \| Non-owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,874,641	1,889,882
Commercial Real Estate \| Non-owner occupied \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	236	6,125
Commercial Real Estate \| Non-owner occupied \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,483
Commercial Real Estate \| Non-owner occupied \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	795	799
Commercial Real Estate \| Non-owner occupied \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,514	6,924
Commercial Real Estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,870,127	1,882,958
Commercial Real Estate \| Owner occupied
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,427,628	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		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	9	11,106
Commercial Real Estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,427,619	1,411,128
Commercial and industrial
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,662,225	1,607,833
Accruing Loans Past Due 90 Days or More	5
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	4,108	3,348
Commercial and industrial \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	8,901	1,496
Commercial and industrial \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	30,029	2,074
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	43,038	6,918
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,619,187	1,600,915
Construction and land development
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	870,764	1,031,095
Construction and land development \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	10,092	767
Construction and land development \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,225	1,554
Construction and land development \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	877	276
Construction and land development \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	13,194	2,597
Construction and land development \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	857,570	1,028,498
Residential
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,774,891	1,757,178
Residential \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	3,275	8,625
Residential \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,495	1,292
Residential \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	2,382	3,203
Residential \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	7,152	13,120
Residential \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	1,767,739	1,744,058
Consumer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	28,837	27,351
Consumer \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	110	28
Consumer \| 60-89 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	6	4
Consumer \| 90 Days or More
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans		5
Consumer \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	116	37
Consumer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	28,721	27,314
Broker-dealer
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	340,644	344,172
Broker-dealer \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Loans	$ 340,644	$ 344,172

Loans Held for Investment - Non

Loans Held for Investment - Non-accrual Loans (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) item	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) item	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Non-accrual loans
Non-accrual Loans With Allowance	$ 34,347		$ 34,347		$ 44,839
Non-accrual Loans With No Allowance	53,394		53,394		19,498
Non-accrual loans	87,741		87,741		64,337
Interest Income Recognized	$ 1,536	$ 2,229	5,507	$ 3,874
Increase (decrease) in non-accrual status loans			$ 23,400
Auto note financing industry subsector
Non-accrual loans
Number of loan relationships \| item	2		2
Addition of loans in non-accrual status			$ 54,000
Commercial Real Estate
Non-accrual loans
Decrease in financing receivable non accrual status			3,900
Commercial Real Estate \| Non-owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	$ 412		412		33,728
Non-accrual Loans With No Allowance	7,630		7,630		2,712
Non-accrual loans	8,042		8,042		36,440
Interest Income Recognized	155	83	1,666	264
Increase (decrease) in non-accrual status loans			(28,400)
Commercial Real Estate \| Owner occupied
Non-accrual loans
Non-accrual Loans With Allowance	87		87		4,630
Non-accrual Loans With No Allowance	2,323		2,323		468
Non-accrual loans	2,410		2,410		5,098
Interest Income Recognized	82	141	845	465
Increase (decrease) in non-accrual status loans			(2,700)
Commercial and industrial
Non-accrual loans
Non-accrual Loans With Allowance	32,493		32,493		5,216
Non-accrual Loans With No Allowance	34,436		34,436		4,286
Non-accrual loans	66,929		66,929		9,502
Interest Income Recognized	1,056	1,564	1,619	1,833
Addition of loans in non-accrual status			64,500
Increase (decrease) in non-accrual status loans			57,400
Construction and land development
Non-accrual loans
Non-accrual Loans With Allowance	877		877		533
Non-accrual Loans With No Allowance	1,607		1,607		2,749
Non-accrual loans	2,484		2,484		3,282
Interest Income Recognized	(13)	9	49	45
Residential
Non-accrual loans
Non-accrual Loans With Allowance	478		478		726
Non-accrual Loans With No Allowance	7,398		7,398		9,283
Non-accrual loans	7,876		7,876		10,009
Interest Income Recognized	256	$ 432	1,328	$ 1,267
Increase (decrease) in non-accrual status loans			(2,100)
Residential \| Secured by Residential Properties
Non-accrual loans
Non-accrual loans held for sale	$ 3,400		$ 3,400		4,000
Consumer
Non-accrual loans
Non-accrual Loans With Allowance					6
Non-accrual loans					$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.50%	0.10%	0.60%	0.70%
Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 35,952	$ 11,834	$ 45,937	$ 52,332
Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified				$ 2,868
Combination Term Extension and Rate Reduction
TDRs, Non-covered loans
Total amortized cost of financing receivable modified			$ 469
Commercial Real Estate \| Non-owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	0.10%		0.10%	1.90%
Commercial Real Estate \| Non-owner occupied \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 1,448	382	$ 1,448	$ 34,784
Commercial Real Estate \| Owner occupied
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment				0.20%
Commercial Real Estate \| Owner occupied \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 332	$ 12	$ 500	$ 2,205
Commercial and industrial
TDRs, Non-covered loans
Total Modifications as a percentage of portfolio segment	2%	0.70%	2.70%	1.10%
Commercial and industrial \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 34,030	$ 11,440	$ 43,819	$ 15,057
Commercial and industrial \| Payment Delay
TDRs, Non-covered loans
Total amortized cost of financing receivable modified				2,868
Commercial and industrial \| Combination Term Extension and Rate Reduction
TDRs, Non-covered loans
Total amortized cost of financing receivable modified			469
Commercial and industrial \| Auto note financing industry subsector \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	25,000		25,000
Construction and land development \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified				$ 286
Residential \| Payment Term Extension
TDRs, Non-covered loans
Total amortized cost of financing receivable modified	$ 142		$ 170

Loans Held for Investment - A_2

Loans Held for Investment - Aging of Modified Loans (Details) $ in Thousands	Sep. 30, 2024 USD ($)
30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	$ 775
Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	775
Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	34,116
Commercial Real Estate \| Non-owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	372
Commercial Real Estate \| Owner occupied \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	111
Commercial and industrial \| 30-59 Days
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	775
Commercial and industrial \| Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	775
Commercial and industrial \| Not Past Due
Non-Covered Loans and Allowance for Non-Covered Loan Losses
Modified Loans	33,605
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)			0.50%
Weighted-Average Term Extension (in months)	27 months	11 months	24 months	22 months
Commercial Real Estate \| Non-owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	15 months	12 months	15 months	26 months
Commercial Real Estate \| Owner occupied
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	18 months	24 months	20 months	35 months
Commercial and industrial
TDRs, Non-covered loans
Weighted Average Interest Rate Reduction (in bps)			0.50%
Weighted-Average Term Extension (in months)	27 months	11 months	24 months	11 months
Construction and land development
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)				9 months
Residential
TDRs, Non-covered loans
Weighted-Average Term Extension (in months)	60 months		56 months

Loans Held for Investment - Int

Loans Held for Investment - Internal Risk Grades (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Internal risk grades of non-covered loans
2024	$ 1,082,335		$ 1,082,335
2023	1,028,497		1,028,497
2022	1,588,918		1,588,918
2021	1,657,863		1,657,863
2020	533,068		533,068
2019 and Prior	651,316		651,316
Revolving	683,361		683,361
Loans Converted To Term Loans	109,958		109,958
Total loans with credit quality measures	7,335,316		7,335,316
Loan Charge-offs	3,837	$ 1,122	9,229	$ 5,373
Total	7,979,630		7,979,630		$ 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		34	1,647	34
Total	1,874,641		1,874,641		1,889,882
Commercial Real Estate \| Non-owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	5,063		5,063
2023	4,968		4,968
2022	45,238		45,238
2021	83,544		83,544
2020	2,764		2,764
2019 and Prior	4,434		4,434
Total loans with credit quality measures	146,011		146,011
Commercial Real Estate \| Non-owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	173,720		173,720
2023	105,605		105,605
2022	237,394		237,394
2021	261,324		261,324
2020	93,358		93,358
2019 and Prior	84,684		84,684
Revolving	5,405		5,405
Loans Converted To Term Loans	16,523		16,523
Total loans with credit quality measures	978,013		978,013
Commercial Real Estate \| Non-owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	59,430		59,430
2023	119,065		119,065
2022	189,049		189,049
2021	77,901		77,901
2020	115,557		115,557
2019 and Prior	55,670		55,670
Revolving	36,718		36,718
Loans Converted To Term Loans	1,241		1,241
Total loans with credit quality measures	654,631		654,631
Commercial Real Estate \| Non-owner occupied \| Special Mention
Internal risk grades of non-covered loans
2021	4,384		4,384
2020	5,211		5,211
2019 and Prior	36,458		36,458
Total loans with credit quality measures	46,053		46,053
Commercial Real Estate \| Non-owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	3,330		3,330
2023	4,530		4,530
2022	7,585		7,585
2021	23,698		23,698
2020	993		993
2019 and Prior	1,657		1,657
Loans Converted To Term Loans	98		98
Total loans with credit quality measures	41,891		41,891
Commercial Real Estate \| Non-owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	372		372
2023	3,784		3,784
2022	1,361		1,361
2021	1,228		1,228
2019 and Prior	1,297		1,297
Total loans with credit quality measures	8,042		8,042
Commercial Real Estate \| Owner occupied
Internal risk grades of non-covered loans
Loan Charge-offs				977
Total	1,427,628		1,427,628		1,422,234
Commercial Real Estate \| Owner occupied \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	14,479		14,479
2023	48,275		48,275
2022	12,584		12,584
2021	13,889		13,889
2020	37,182		37,182
2019 and Prior	43,027		43,027
Revolving	7,226		7,226
Loans Converted To Term Loans	12,735		12,735
Total loans with credit quality measures	189,397		189,397
Commercial Real Estate \| Owner occupied \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	81,510		81,510
2023	111,922		111,922
2022	134,368		134,368
2021	213,090		213,090
2020	57,241		57,241
2019 and Prior	185,094		185,094
Revolving	15,915		15,915
Loans Converted To Term Loans	9,139		9,139
Total loans with credit quality measures	808,279		808,279
Commercial Real Estate \| Owner occupied \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	32,636		32,636
2023	43,824		43,824
2022	116,225		116,225
2021	57,707		57,707
2020	78,557		78,557
2019 and Prior	48,715		48,715
Revolving	4,418		4,418
Loans Converted To Term Loans	509		509
Total loans with credit quality measures	382,591		382,591
Commercial Real Estate \| Owner occupied \| Special Mention
Internal risk grades of non-covered loans
2024	353		353
2022	440		440
2020	1,191		1,191
2019 and Prior	99		99
Total loans with credit quality measures	2,083		2,083
Commercial Real Estate \| Owner occupied \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	2,063		2,063
2023	4,199		4,199
2022	8,619		8,619
2021	7,487		7,487
2020	4,970		4,970
2019 and Prior	15,530		15,530
Total loans with credit quality measures	42,868		42,868
Commercial Real Estate \| Owner occupied \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	602		602
2023	9		9
2022	818		818
2021	619		619
2019 and Prior	362		362
Total loans with credit quality measures	2,410		2,410
Commercial and industrial
Internal risk grades of non-covered loans
Current period gross charge-offs, 2024			623
Current period gross charge-offs, 2023			383
Current period gross charge-offs,2022			749
Current period gross charge-offs, 2021			110
Current period gross charge-offs, 2020			312
Current period gross charge-offs, 2019 and prior			1,487
Current period gross charge-offs, Revolving			1,095
Current period gross charge-offs, Loans Converted To Term Loans			2,611
Loan Charge-offs	3,772	936	7,370	4,015
Total	1,662,225		1,662,225		1,607,833
Commercial and industrial \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	26,114		26,114
2023	12,011		12,011
2022	11,891		11,891
2021	50,400		50,400
2020	3,426		3,426
2019 and Prior	208		208
Revolving	24,563		24,563
Total loans with credit quality measures	128,613		128,613
Commercial and industrial \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	63,665		63,665
2023	28,951		28,951
2022	55,852		55,852
2021	26,620		26,620
2020	19,018		19,018
2019 and Prior	26,279		26,279
Revolving	339,359		339,359
Loans Converted To Term Loans	2,608		2,608
Total loans with credit quality measures	562,352		562,352
Commercial and industrial \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	115,792		115,792
2023	66,415		66,415
2022	57,699		57,699
2021	82,790		82,790
2020	15,758		15,758
2019 and Prior	7,254		7,254
Revolving	220,097		220,097
Loans Converted To Term Loans	3,462		3,462
Total loans with credit quality measures	569,267		569,267
Commercial and industrial \| Special Mention
Internal risk grades of non-covered loans
2023	758		758
2021	827		827
2019 and Prior	268		268
Revolving	1,193		1,193
Total loans with credit quality measures	3,046		3,046
Commercial and industrial \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	5,549		5,549
2023	3,146		3,146
2022	3,385		3,385
2021	3,242		3,242
2020	1,251		1,251
2019 and Prior	714		714
Revolving	5,262		5,262
Loans Converted To Term Loans	5,799		5,799
Total loans with credit quality measures	28,348		28,348
Commercial and industrial \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	10,422		10,422
2023	8,029		8,029
2022	7,912		7,912
2021	1,991		1,991
2020	311		311
2019 and Prior	171		171
Revolving	2,399		2,399
Loans Converted To Term Loans	35,694		35,694
Total loans with credit quality measures	66,929		66,929
Commercial and industrial \| Mortgage Warehouse Lending
Internal risk grades of non-covered loans
Loans without credit quality measures	303,670		303,670
Construction and land development
Internal risk grades of non-covered loans
Total	870,764		870,764		1,031,095
Construction and land development \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	4,473		4,473
2019 and Prior	836		836
Total loans with credit quality measures	5,309		5,309
Construction and land development \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	10,072		10,072
2023	7,535		7,535
2021	118		118
2020	48		48
Total loans with credit quality measures	17,773		17,773
Construction and land development \| Other.
Internal risk grades of non-covered loans
2024	118		118
Total loans with credit quality measures	118		118
Construction and land development \| Internal Grade 1-3 (Pass low risk)
Internal risk grades of non-covered loans
2024	4,961		4,961
2022	2,790		2,790
2021	864		864
2019 and Prior	204		204
Total loans with credit quality measures	8,819		8,819
Construction and land development \| Internal Grade 4-7 (Pass normal risk)
Internal risk grades of non-covered loans
2024	129,816		129,816
2023	147,471		147,471
2022	133,448		133,448
2021	50,029		50,029
2020	5,899		5,899
2019 and Prior	2,727		2,727
Revolving	5,681		5,681
Total loans with credit quality measures	475,071		475,071
Construction and land development \| Internal Grade 8-11 (Pass high risk and watch)
Internal risk grades of non-covered loans
2024	167,470		167,470
2023	130,653		130,653
2022	32,683		32,683
2021	6,409		6,409
2020	2,821		2,821
2019 and Prior	2,404		2,404
Revolving	3,536		3,536
Total loans with credit quality measures	345,976		345,976
Construction and land development \| Special Mention
Internal risk grades of non-covered loans
2023	272		272
Total loans with credit quality measures	272		272
Construction and land development \| Internal Grade 13 (Substandard accrual)
Internal risk grades of non-covered loans
2024	12,758		12,758
2023	1,923		1,923
2022	156		156
2021	105		105
Total loans with credit quality measures	14,942		14,942
Construction and land development \| Internal Grade 14 (Substandard non-accrual)
Internal risk grades of non-covered loans
2024	1,138		1,138
2023	1,264		1,264
2022	82		82
Total loans with credit quality measures	2,484		2,484
Residential
Internal risk grades of non-covered loans
Current period gross charge-offs, 2019 and prior			1
Loan Charge-offs			1	73
Total	1,774,891		1,774,891		1,757,178
Residential \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2024	305		305
2023	628		628
2022	1,147		1,147
2021	467		467
2020	734		734
2019 and Prior	21,583		21,583
Revolving	208		208
Total loans with credit quality measures	25,072		25,072
Residential \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	15,080		15,080
2023	20,856		20,856
2022	17,912		17,912
2021	9,187		9,187
2020	4,165		4,165
2019 and Prior	26,764		26,764
Revolving	1,512		1,512
Loans Converted To Term Loans	1,102		1,102
Total loans with credit quality measures	96,578		96,578
Residential \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	88,185		88,185
2023	132,526		132,526
2022	501,830		501,830
2021	677,934		677,934
2020	80,890		80,890
2019 and Prior	73,566		73,566
Revolving	2,997		2,997
Loans Converted To Term Loans	654		654
Total loans with credit quality measures	1,558,582		1,558,582
Residential \| Substandard non-accrual
Internal risk grades of non-covered loans
2024	28		28
2021	1,103		1,103
2019 and Prior	6,745		6,745
Total loans with credit quality measures	7,876		7,876
Residential \| Other.
Internal risk grades of non-covered loans
2024	39,253		39,253
2023	14,523		14,523
2022	5,219		5,219
2020	1,344		1,344
2019 and Prior	4,515		4,515
Revolving	1,573		1,573
Loans Converted To Term Loans	20,356		20,356
Total loans with credit quality measures	86,783		86,783
Consumer
Internal risk grades of non-covered loans
Current period gross charge-offs, 2024			114
Current period gross charge-offs, 2023			79
Current period gross charge-offs, 2019 and prior			3
Current period gross charge-offs, Revolving			10
Current period gross charge-offs, Loans Converted To Term Loans			5
Loan Charge-offs	65	$ 152	211	$ 274
Total	28,837		28,837		27,351
Consumer \| FICO Score, Less than 620
Internal risk grades of non-covered loans
2024	642		642
2023	230		230
2022	253		253
2021	23		23
2020	47		47
2019 and Prior	4		4
Revolving	377		377
Loans Converted To Term Loans	6		6
Total loans with credit quality measures	1,582		1,582
Consumer \| FICO Score, 620 to 720
Internal risk grades of non-covered loans
2024	2,597		2,597
2023	1,639		1,639
2022	812		812
2021	231		231
2020	134		134
2019 and Prior	35		35
Revolving	1,958		1,958
Loans Converted To Term Loans	32		32
Total loans with credit quality measures	7,438		7,438
Consumer \| FICO Score, Greater than 720
Internal risk grades of non-covered loans
2024	4,026		4,026
2023	2,275		2,275
2022	1,522		1,522
2021	547		547
2020	185		185
2019 and Prior	1		1
Revolving	2,692		2,692
Total loans with credit quality measures	11,248		11,248
Consumer \| Other.
Internal risk grades of non-covered loans
2024	6,313		6,313
2023	1,211		1,211
2022	644		644
2021	105		105
2020	13		13
2019 and Prior	11		11
Revolving	272		272
Total loans with credit quality measures	8,569		8,569
Broker-dealer
Internal risk grades of non-covered loans
Loans without credit quality measures	340,644		340,644
Total	$ 340,644		$ 340,644		$ 344,172

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	1,200	$ 900	13,300	$ 3,000
Provision (reversal) in allowance on collectively evaluated loans	(2,500)	(300)	(6,500)	14,200
Net charge-offs	$ 2,900		$ 7,300	$ 1,700
Net recoveries		1,600
Broker-dealer
Allowance for loan losses
Decrease in specific reserves		$ 700

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	$ 115,082	$ 109,306	$ 111,413	$ 95,442
Provision for (Reversal of) Credit Losses	(1,270)	(40)	6,793	17,127
Loans Charged Off	(3,837)	(1,122)	(9,229)	(5,373)
Recoveries on Charged Off Loans	943	2,678	1,941	3,626
Balance, End of Period	110,918	110,822	110,918	110,822
Commercial Real Estate \| Non-owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	37,321	43,582	40,061	39,247
Provision for (Reversal of) Credit Losses	(4,991)	(3,116)	(6,084)	1,210
Loans Charged Off		(34)	(1,647)	(34)
Recoveries on Charged Off Loans		1		10
Balance, End of Period	32,330	40,433	32,330	40,433
Commercial Real Estate \| Owner occupied
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	32,772	27,880	28,114	24,008
Provision for (Reversal of) Credit Losses	1,593	1,549	6,236	6,376
Loans Charged Off				(977)
Recoveries on Charged Off Loans	13	9	28	31
Balance, End of Period	34,378	29,438	34,378	29,438
Commercial and industrial
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	28,869	17,315	20,926	16,035
Provision for (Reversal of) Credit Losses	2,323	838	13,070	4,417
Loans Charged Off	(3,772)	(936)	(7,370)	(4,015)
Recoveries on Charged Off Loans	888	2,505	1,682	3,285
Balance, End of Period	28,308	19,722	28,308	19,722
Construction and land development
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	7,594	7,395	12,102	6,051
Provision for (Reversal of) Credit Losses	330	1,575	(4,180)	2,919
Recoveries on Charged Off Loans			2
Balance, End of Period	7,924	8,970	7,924	8,970
Residential
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	7,912	11,618	9,461	9,313
Provision for (Reversal of) Credit Losses	(756)	(179)	(2,408)	2,147
Loans Charged Off			(1)	(73)
Recoveries on Charged Off Loans	5	33	109	85
Balance, End of Period	7,161	11,472	7,161	11,472
Consumer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	547	615	648	554
Provision for (Reversal of) Credit Losses	61	8	23	106
Loans Charged Off	(65)	(152)	(211)	(274)
Recoveries on Charged Off Loans	37	130	120	215
Balance, End of Period	580	601	580	601
Broker-dealer
Changes in the allowance for loan losses for loans held for investments
Balance, Beginning of Period	67	901	101	234
Provision for (Reversal of) Credit Losses	170	(715)	136	(48)
Balance, End of Period	$ 237	$ 186	$ 237	$ 186

Allowance for Credit Losses - O

Allowance for Credit Losses - Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes in the allowance for credit losses for loans with off-balance sheet credit exposures
Balance, beginning of period	$ 8,585	$ 7,992	$ 8,876	$ 7,784
Other noninterest expense	(153)	559	(444)	767
Balance, end of period	$ 8,432	$ 8,551	$ 8,432	$ 8,551

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Change in fair value of mortgage servicing rights
Balance, beginning of year			$ 96,662
Balance, end of year	$ 45,742		45,742		$ 96,662
MSR asset
Change in fair value of mortgage servicing rights
Balance, beginning of year	52,902	$ 95,101	96,662	$ 100,825	100,825
Additions	3,033	3,759	9,122	23,859
Sales			(45,129)	(19,055)
Changes in fair value: Due to changes in model inputs or assumptions	(9,541)	7,373	(11,549)	2,834
Changes in fair value: Due to customer payoffs	(652)	(1,282)	(3,364)	(3,512)
Balance, end of year	45,742	$ 104,951	45,742	$ 104,951	96,662
Mortgage loans serviced for others	$ 2,547,659		$ 2,547,659		$ 5,227,404
MSR asset as a percentage of serviced mortgage loans	1.80%		1.80%		1.85%
Mortgage servicing assets adjustment, fair value	$ 4,200		$ 4,200
Key Assumptions
Weighted average constant prepayment rate (as a percent)			9.74%		8.65%
Weighted average discount rate (as a percent)			16.55%		11.67%
Weighted average life (in years)			7 years 7 months 6 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Sensitivity analysis
Constant prepayment rate: Impact of 10% adverse change	$ (1,677)		$ (1,677)		$ (3,511)
Constant prepayment rate: Impact of 20% adverse change	(3,252)		(3,252)		(6,796)
Discount rate: Impact of 10% adverse change	(2,466)		(2,466)		(4,474)
Discount rate: Impact of 20% adverse change	(4,668)		(4,668)		$ (8,537)
Contractually specified servicing fees, late fees and ancillary fees	$ 4,200	$ 8,500	$ 20,900	$ 24,200

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Deposits.
Noninterest-bearing demand	$ 2,831,539	$ 3,007,101
Interest-bearing:
Demand accounts	4,011,842	4,496,682
Brokered - demand	4,722	156,692
Money market	2,437,731	1,869,809
Brokered - money market	10,413	8,828
Savings	224,633	259,745
Time	1,270,567	1,221,935
Brokered - time		42,400
Total deposits	10,791,447	$ 11,063,192
Time deposits that meet or exceed FDIC insurance limit	$ 610,700

Short-term Borrowings (Details)

Short-term Borrowings (Details) $ in Thousands	9 Months Ended
Short-term Borrowings (Details) $ in Thousands	Sep. 30, 2024 USD ($) item	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Short-term borrowings
Short-term borrowings	$ 914,645		$ 900,038
Federal funds purchased
Short-term borrowings
Short-term borrowings	495,258		459,658
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 198,804		240,050
Federal Home Loan Bank
Short-term borrowings
Average balance during the period		$ 180,861
Average interest rate during the period	5.73%	5.08%
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	$ 220,583		$ 200,330
Number of commercial paper programs initiated \| item	2
Weighted average interest rate on short-term bank loan borrowings (as a percent)	5.80%
Weighted average remaining life	71 days
Debt instrument, collateral	$ 241,100
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	155 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	$ 722,752	$ 797,489
Average interest rate during the period	5.50%	5.40%
Average interest rate at end of period (as a percent)	5.21%		5.60%
Securities underlying the agreements at end of period: Carrying value	$ 198,619		$ 239,103
Securities underlying the agreements at end of period: Estimated fair value	$ 218,915		$ 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	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument
Notes payable	$ 347,533	$ 347,145
Senior Notes due April 2025
Debt Instrument
Notes payable	149,653	149,498
Unamortized discount	347	502
Subordinated Notes due May 2030
Debt Instrument
Notes payable	49,568	49,489
Unamortized discount	432	511
Subordinated Notes Due May 2035
Debt Instrument
Notes payable	148,312	148,158
Unamortized discount	$ 1,688	$ 1,842

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finance leases:
Premises and equipment	$ 4,780	$ 7,780
Accumulated depreciation	(3,959)	(6,537)
Premises and equipment, net	$ 821	$ 1,243

Leases - Components of lease co

Leases - Components of lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Components of operating lease costs
Operating lease cost	$ 8,231	$ 8,488	$ 25,214	$ 26,231
Less operating lease and sublease income	(454)	(655)	(1,805)	(1,965)
Net operating lease cost	7,777	7,833	23,409	24,266
Amortization of ROU assets	126	147	421	442
Interest on lease liabilities	85	104	271	324
Total finance lease cost	$ 211	$ 251	$ 692	$ 766

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases
Operating cash flows from operating leases	$ 25,290	$ 27,899
Operating cash flows from finance leases	275	326
Financing cash flows from finance leases	666	628
Right-of-use assets obtained in exchange for new lease obligations - Operating leases	$ 22,723	$ 11,396

Leases - Lease terms and discou

Leases - Lease terms and discount rates (Details)	Sep. 30, 2024	Dec. 31, 2023
Leases
Operating - Weighted Average Remaining Lease Term (Years)	5 years 4 months 24 days	5 years 3 months 18 days
Finance - Weighted Average Remaining Lease Term (Years)	2 years 10 months 24 days	3 years 3 months 18 days
Operating - Weighted Average Discount Rate	5.69%	4.59%
Finance - Weighted Average Discount Rate	5.09%	4.98%

Leases- Lease maturities (Detai

Leases- Lease maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating leases maturities
2024	$ 7,670
2025	29,863
2026	24,105
2027	19,181
2028	14,716
Thereafter	33,835
Total minimum lease payments	129,370
Less amount representing interest	(18,571)
Lease liabilities	110,799	$ 109,002
Finance Leases maturities:
2024	222
2025	886
2026	813
2027	448
2028	149
Total minimum lease payments	2,518
Less amount representing interest	(639)
Lease liabilities	$ 1,879
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Leases - Operating leases that

Leases - Operating leases that have not yet commenced (Details) $ in Millions	Sep. 30, 2024 USD ($)
Leases
Additional operating leases that have not yet commenced	$ 0.2
Minimum
Leases
Expected to commence	2 years
Maximum
Leases
Expected to commence	3 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
Income Taxes - Narrative (Details)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes
Effective income tax rate (as a percent)	22.50%	25.20%	22.50%	21.60%

Commitments and Contingencies -

Commitments and Contingencies - Legal (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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	$ 22,990	$ 27,567	$ 26,909	$ 31,244
Claims made	10,773	6,572	27,925	37,582
Claims resolved with no payment	(2,871)	(1,633)	(10,330)	(11,418)
Repurchases	(6,430)	(4,430)	(18,747)	(25,430)
Indemnification payments	(1,434)	(386)	(2,729)	(4,288)
Balance, end of period	23,028	27,690	23,028	27,690
Reserve for Indemnification Liability:
Total	23,028	27,690	23,028	27,690	$ 26,909
Indemnification Agreement
Commitments and Contingencies
Provision for indemnification losses	900	500	2,000	1,300
Roll-forward of claims activity for loans put-back to the mortgage origination segment
Balance, beginning of period	9,095	15,058	11,691	20,528
Additions for new sales	856	480	1,966	1,317
Repurchases	(1,308)	(1,896)	(4,391)	(7,781)
Early payment defaults	(74)	(65)	(565)	(295)
Indemnification payments	(59)	(27)	(191)	(219)
Balance, end of period	8,510	13,550	8,510	13,550
Reserve for Indemnification Liability:
Specific claims	1,083		1,083		951
Incurred but not reported claims	7,427		7,427		10,740
Total	$ 8,510	$ 13,550	$ 8,510	$ 13,550	$ 11,691

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Details) $ in Millions	Sep. 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	$ 69.7

Stock-Based Compensation - Plan

Stock-Based Compensation - Plan Information (Details) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
2020 Plan \| Director
Stock based compensation
Common shares granted to members of board of directors as compensation for director services	11,779	14,440

Stock-Based Compensation - RSU

Stock-Based Compensation - RSU Activity (Details) - 2020 Plan - Restricted Stock Units (RSUs) [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Number of shares outstanding
Balance at the beginning of the period ( in shares) \| shares	1,252
Granted (in shares) \| shares	556
Vested/Released (in shares) \| shares	(526)
Forfeited (in shares) \| shares	(19)
Balance at the end of the period ( in shares) \| shares	1,263
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	30.62
Vested/Released (in dollars per share) \| $ / shares	33.02
Forfeited (in dollars per share) \| $ / shares	32.86
Balance at the end of the period (in dollars per share) \| $ / shares	$ 33.04

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - 2020 Plan - Restricted Stock Units (RSUs) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) shares
Stock based compensation
Vested/Released number of shares withheld to satisfy employee statutory tax obligations (in shares)	90,923
Number of shares awarded (in shares)	556,000
Number of awards subject to time-based vesting (in shares)	934,915
Number of awards vesting upon achievement of performance goals (in shares)	327,626
Performance period	3 years
Vesting period	3 years
Unrecognized compensation expense \| $	$ 17.6
Weighted average period for unrecognized compensation expense (in years)	1 year 4 months 20 days
Certain Executives and Key Employees
Stock based compensation
Number of shares awarded (in shares)	458,676
Number of awards subject to time-based vesting (in shares)	347,946
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	9 Months Ended
	Sep. 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	$ 1,312,378	$ 1,407,660
Actual Ratio	0.1034	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	$ 1,312,378	$ 1,407,660
Actual Ratio	0.1494	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	$ 1,312,378	$ 1,407,660
Actual Ratio	0.1494	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	$ 1,416,982	$ 1,511,239
Actual Ratio	0.1613	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	$ 2,004,620	$ 1,974,918
Actual Ratio	0.1295	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	$ 2,004,620	$ 1,974,918
Actual Ratio	0.2048	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.070
Tier 1 capital (to risk-weighted assets)
Actual Amount	$ 2,004,620	$ 1,974,918
Actual Ratio	0.2048	0.1932
Minimum Capital Requirement Including Conservation Buffer fully phased-in, ratio	0.085
Total capital (to risk-weighted assets)
Actual Amount	$ 2,318,545	$ 2,284,357
Actual Ratio	0.2368	0.2234
Minimum Capital Requirement Including Conservation Buffer fully phased-in ratio	0.105

Regulatory Matters - Net Capita

Regulatory Matters - Net Capital Position, Broker-Dealers (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	$ 55,628	$ 55,628	$ 57,395	$ 47,491
Hilltop Securities
Net Capital
Net capital	227,445	227,445
Less: required net capital	6,995	6,995
Excess net capital	$ 220,450	$ 220,450
Net capital as a percentage of aggregate debit items	65%	65%
Net capital in excess of 5% aggregate debt items	$ 209,957	$ 209,957
Momentum Independent Network
Net Capital
Net capital	3,641	3,641
Less: required net capital	319	319
Excess net capital	3,322	3,322
Hilltop Broker-Dealers
Net Capital
Amount required to be segregated in cash and securities for the benefit of customers	55,600	$ 55,600	$ 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		6.38%
Capital received	$ 10,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 24, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jan. 31, 2024
Stock repurchase program
Cash dividends declared per common share		$ 0.17	$ 0.16	$ 0.51	$ 0.48
Cash dividends paid				$ 33,200	$ 31,200
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)				$ 31.04
Subsequent Event \| 2024 Q3 Dividends
Stock repurchase program
Cash dividends declared per common share	$ 0.17
Dividends Payable, Date Declared	Oct. 24, 2024
Dividends Payable, Date to be Paid	Nov. 22, 2024
Dividends Payable, Date of Record	Nov. 08, 2024

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	$ (29)	$ (946)	$ 11,177	$ 5,840
Not Designated as Hedging Instrument \| Hilltop Broker-Dealers
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	10,570	13,214	5,949	(4,016)
Not Designated as Hedging Instrument \| Plains Capital Bank
Derivative financial instruments
Increase (decrease) in the fair value of the derivatives	(7)	$ 92	6	$ 76
Not Designated as Hedging Instrument \| PrimeLending and Hilltop Broker-Dealers
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	4,300		4,300		$ 7,600
Designated as Hedging Instrument \| Bank and PrimeLending
Derivative financial instruments
Cash collateral advanced to offset net derivative assets	35,300		35,300		51,800
Interest Rate Lock Commitments \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	625,180		625,180		383,767
Estimated Fair Value	8,321		8,321		7,734
Commitments to Purchase MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,486,073		2,486,073		1,470,142
Estimated Fair Value	15,563		15,563		15,666
Commitments to Sell MBSs \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	2,874,891		2,874,891		2,222,225
Estimated Fair Value	102		102		(17,870)
Commitments to Sell MBSs \| Not Designated as Hedging Instrument \| Prime Lending
Derivative financial instruments
Cash collateral advanced to offset net derivative liability	2,800		2,800		14,700
Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	44,770		44,770		33,500
Estimated Fair Value	(2,607)		(2,607)		(5,349)
Interest Rate Swap \| Designated as Hedging Instrument
Derivative financial instruments
Carrying value of available for sale securities and loans held for investment	334,500		334,500		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	7,039		7,039		14,277
Interest Rate Swap \| Fair Value Hedging \| Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	361,153		361,153		325,193
Estimated Fair Value	26,466		26,466		34,799
Designated hedge amount from closed portfolio of available for sale securities and loans held for investment	361,200		361,200		325,300
Cumulative adjustment in available for sale securities and loans held for investment	26,600		26,600		35,000
Interest rate swaps back-to-back (asset) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	10,247		10,247		1,421
Estimated Fair Value	192		192		176
Interest rate swaps back-to-back (liability) \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	10,247		10,247		1,421
Estimated Fair Value	(201)		(201)		(191)
US Treasury Bond Securities \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	80,600		80,600		306,200
Estimated Fair Value					430
Interest rate and other futures \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	199,900		199,900		224,800
Credit Default Swap \| Not Designated as Hedging Instrument
Derivative financial instruments
Notional Amount	$ 15,000		$ 15,000
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	Sep. 30, 2024	Dec. 31, 2023
Reverse repurchase agreements:
Net Amounts of Assets Presented in the Balance Sheet	$ 81,766	$ 80,011
Total
Gross Amounts of Recognized Assets	1,213,073	1,553,386
Net Amounts of Assets Presented in the Balance Sheet	1,213,073	1,553,386
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,105,971)	(1,413,061)
Cash Collateral Pledged	(34,195)	(49,253)
Net Amount	72,907	91,072
Institutional Counterparties
Securities borrowed:
Gross Amounts of Recognized Assets	1,077,956	1,406,937
Net Amounts of Assets Presented in the Balance Sheet	1,077,956	1,406,937
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,023,786)	(1,332,856)
Net Amount	54,170	74,081
Interest Rate Swap \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	34,195	49,253
Net Amounts of Assets Presented in the Balance Sheet	34,195	49,253
Gross Amounts Not Offset in the Balance Sheet
Cash Collateral Pledged	(34,195)	(49,253)
Net Amount	0
Reverse repurchase agreements \| Institutional Counterparties
Reverse repurchase agreements:
Gross Amounts of Recognized Assets	81,766	80,011
Net Amounts of Assets Presented in the Balance Sheet	81,766	80,011
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(81,340)	(80,011)
Net Amount	426	0
Forward MBS Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets	19,156	16,755
Net Amounts of Assets Presented in the Balance Sheet	19,156	16,755
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(845)	(194)
Net Amount	$ 18,311	16,561
Treasury Futures And Option Derivatives \| Institutional Counterparties
Derivatives:
Gross Amounts of Recognized Assets		430
Net Amounts of Assets Presented in the Balance Sheet		430
Gross Amounts Not Offset in the Balance Sheet
Net Amount		$ 430

Balance Sheet Offsetting - Liab

Balance Sheet Offsetting - Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Total
Gross Amounts of Recognized Liabilities	$ 1,272,066	$ 1,635,306
Net Amounts of Liabilities Presented in the Balance Sheet	1,272,066	1,635,306
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,209,997)	(1,541,474)
Cash Collateral Pledged	(264)	(10,515)
Net Amount	61,805	83,317
Institutional Counterparties
Securities loaned:
Gross Amounts of Recognized Liabilities	1,066,651	1,371,896
Net Amounts of Liabilities Presented in the Balance Sheets	1,066,651	1,371,896
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(1,010,533)	(1,296,828)
Net Amount	56,118	75,068
Institutional Counterparties \| Interest Rate Swap
Derivatives:
Gross Amounts of Recognized Liabilities	3,306	5,349
Net Amounts of Liabilities Presented in the Balance Sheet	3,306	5,349
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments		(5,349)
Net Amount	3,306
Institutional Counterparties \| Repurchase Agreements
Repurchase agreements:
Gross Amounts of Recognized Liabilities	198,619	239,103
Net Amounts of Liabilities Presented in the Balance Sheet	198,619	239,103
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(198,619)	(239,103)
Net Amount	0	0
Institutional Counterparties \| Forward MBS Derivatives
Derivatives:
Gross Amounts of Recognized Liabilities	3,490	18,958
Net Amounts of Liabilities Presented in the Balance Sheet	3,490	18,958
Gross Amounts Not Offset in the Balance Sheet
Financial Instruments	(845)	(194)
Cash Collateral Pledged	(264)	(10,515)
Net Amount	$ 2,381	$ 8,249

Balance Sheet Offsetting - Secu

Balance Sheet Offsetting - Secured Borrowings (Details) $ in Thousands	9 Months Ended
	Sep. 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	$ 1,265,270	$ 1,610,999
Gross amount of recognized liabilities for repurchase agreements and securities lending in offsetting disclosure above	$ 1,265,270	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	$ 1,177,024	1,461,704
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Total borrowings	88,246	149,295
US Treasury and Government
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	33,886	8,389
US Treasury and Government \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	33,886	8,389
Asset-Backed Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	164,733	230,714
Asset-Backed Securities \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	76,487	81,419
Asset-Backed Securities \| Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Repurchase agreements transactions	88,246	149,295
Corporate Debt Securities [Member]
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	60	52
Corporate Debt Securities [Member] \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	60	52
Equity Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	1,066,591	1,371,844
Equity Securities \| Maturity Overnight and on Demand
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
Securities lending transactions	$ 1,066,591	$ 1,371,844

Broker-Dealer and Clearing Or_3

Broker-Dealer and Clearing Organization Receivables and Payables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Receivables:
Securities borrowed	$ 1,077,956	$ 1,406,937
Securities failed to deliver	15,592	28,120
Trades in process of settlement	110,530	123,722
Other	16,706	15,152
Total receivables	1,220,784	1,573,931
Payables:
Securities loaned	1,066,651	1,371,896
Correspondents	26,152	33,286
Securities failed to receive	11,272	18,135
Other	6,298	7,417
Total Payables	$ 1,110,373	$ 1,430,734

Segment and Related Informati_3

Segment and Related Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment and Related Information (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) item segment	Sep. 30, 2023 USD ($)	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)	$ 105,043	$ 115,650	$ 312,314	$ 355,622
Provision for credit losses	(1,270)	(40)	6,793	17,127
Noninterest income	200,443	196,849	575,366	549,994
Noninterest expense	264,312	260,017	770,799	777,464
Income before income taxes	42,444	52,522	110,088	111,025
Goodwill	267,447		267,447		$ 267,447
Total assets	15,926,405		15,926,405		16,466,996
Operating Segments \| Banking
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	93,536	99,047	277,600	304,804
Provision for credit losses	(1,440)	675	6,657	17,175
Noninterest income	10,726	11,668	31,884	34,046
Noninterest expense	57,557	56,887	171,527	170,450
Income before income taxes	48,145	53,153	131,300	151,225
Goodwill	247,368		247,368		247,368
Total assets	13,112,176		13,112,176		13,288,627
Operating Segments \| Broker-Dealer
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	12,409	12,215	36,896	39,279
Provision for credit losses	170	(715)	136	(48)
Noninterest income	111,849	106,488	308,480	297,164
Noninterest expense	107,094	97,865	302,102	283,063
Income before income taxes	16,994	21,553	43,138	53,428
Goodwill	7,008		7,008		7,008
Total assets	2,607,105		2,607,105		2,929,296
Operating Segments \| Mortgage Origination
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(4,417)	(5,482)	(13,240)	(15,590)
Noninterest income	79,922	88,747	239,489	247,655
Noninterest expense	84,223	91,505	250,067	278,918
Income before income taxes	(8,718)	(8,240)	(23,818)	(46,853)
Goodwill	13,071		13,071		13,071
Total assets	1,057,679		1,057,679		1,181,316
Corporate
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	(3,303)	(3,175)	(9,560)	(9,976)
Noninterest income	4,962	3,159	16,747	8,944
Noninterest expense	15,631	13,937	47,731	45,750
Income before income taxes	(13,972)	(13,953)	(40,544)	(46,782)
Total assets	2,616,401		2,616,401		2,543,057
All Other and Eliminations
Information about the revenues, operating results, goodwill and assets
Net interest income (expense)	6,818	13,045	20,618	37,105
Noninterest income	(7,016)	(13,213)	(21,234)	(37,815)
Noninterest expense	(193)	(177)	(628)	(717)
Income before income taxes	(5)	$ 9	12	$ 7
Total assets	$ (3,466,956)		$ (3,466,956)		$ (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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic earnings per share:
Income attributable to Hilltop	$ 29,693	$ 37,042	$ 77,694	$ 80,975
Weighted average shares outstanding - basic (in shares)	64,928	65,106	65,070	65,011
Basic earnings per common share (in dollars per share)	$ 0.46	$ 0.57	$ 1.19	$ 1.25
Diluted earnings per share:
Income attributable to Hilltop	$ 29,693	$ 37,042	$ 77,694	$ 80,975
Weighted average shares outstanding - basic (in shares)	64,928	65,106	65,070	65,011
Effect of potentially dilutive securities (in shares)	18	2	10	3
Weighted average shares outstanding - diluted (in shares)	64,946	65,108	65,080	65,014
Diluted earnings per common share (in dollars per share)	$ 0.46	$ 0.57	$ 1.19	$ 1.25