Hilltop Holdings Files 2024 10-K

TL;DR

HTH dropped its 2024 10-K. Financials look steady, check non-interest income.

AI Summary

Hilltop Holdings Inc. filed its 2024 10-K on February 14, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The filing details various financial aspects of the company, including its assets, liabilities, and income, with specific figures for non-interest income and other assets/liabilities.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Hilltop Holdings' financial health and operational performance for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 64967984 — Non-interest Income (Represents income generated from sources other than traditional interest-bearing activities.)
• 65153092 — Other Assets (Includes various assets not categorized elsewhere, providing insight into the company's broader asset base.)

Key Players & Entities

• Hilltop Holdings Inc. (company) — Filer of the 10-K
• 20241231 (date) — Fiscal year end date
• 20250214 (date) — Filing date
• 64967984 (dollar_amount) — Non-interest income for the period
• 65153092 (dollar_amount) — Other assets value

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share HTH New York Stock Exchan
• $16.3 b — solidated basis, we had total assets of $16.3 billion, total deposits of $11.1 billion,
• $11.1 b — ets of $16.3 billion, total deposits of $11.1 billion, total loans, including loans hel
• $8.7 billion — oans, including loans held for sale, of $8.7 billion and stockholders' equity of $2.2 billio
• $2.2 billion — 8.7 billion and stockholders' equity of $2.2 billion. Our common stock is listed on the New
• $13.4 billion — Bank, which, at December 31, 2024, had $13.4 billion in assets and total deposits of $11.3 b
• $11.3 billion — billion in assets and total deposits of $11.3 billion. The primary sources of our deposits ar
• $1.3 billion — nking segment's loan portfolio included $1.3 billion in warehouse lines of credit extended t
• $0.8 billion — usiness arrangements ("ABAs"), of which $0.8 billion was drawn at December 31, 2024. Amounts
• $2.8 billion — Hilltop Securities had total assets of $2.8 billion and net capital of $264.2 million, whic
• $264.2 m — sets of $2.8 billion and net capital of $264.2 million, which was $258.1 million in exce
• $258.1 million — et capital of $264.2 million, which was $258.1 million in excess of its minimum net capital re
• $6.1 million — its minimum net capital requirement of $6.1 million. At December 31, 2024, the Hilltop Brok

Filing Documents

• hth-20241231x10k.htm (10-K) — 11619KB
• hth-20241231xex19d1.htm (EX-19.1) — 91KB
• hth-20241231xex21d1.htm (EX-21.1) — 27KB
• hth-20241231xex23d1.htm (EX-23.1) — 3KB
• hth-20241231xex31d1.htm (EX-31.1) — 16KB
• hth-20241231xex31d2.htm (EX-31.2) — 15KB
• hth-20241231xex32d1.htm (EX-32.1) — 11KB
• hth-20241231xex97.htm (EX-97) — 41KB
• hth-20241231x10k001.jpg (GRAPHIC) — 23KB
• hth-20241231xex19d1001.jpg (GRAPHIC) — 8KB
• hth-20241231xex97001.jpg (GRAPHIC) — 9KB
• 0001558370-25-001023.txt ( ) — 44668KB
• hth-20241231.xsd (EX-101.SCH) — 151KB
• hth-20241231_cal.xml (EX-101.CAL) — 231KB
• hth-20241231_def.xml (EX-101.DEF) — 707KB
• hth-20241231_lab.xml (EX-101.LAB) — 1446KB
• hth-20241231_pre.xml (EX-101.PRE) — 1147KB
• hth-20241231x10k_htm.xml (XML) — 12005KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS PART I Item 1.

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 28 Item 1B. Unresolved Staff Comments 51 Item 1C. Cybersecurity 52 Item 2.

Properties

Properties 54 Item 3.

Legal Proceedings

Legal Proceedings 55 Item 4. Mine Safety Disclosures 55 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 56 Item 6. [Reserved] 57 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 57 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 109 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 113 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 113 Item 9A.

Controls and Procedures

Controls and Procedures 113 Item 9B. Other Information 114 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 114 PART III Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions, and Director Independence 115 Item 14. Principal Accounting Fees and Services 115 PART IV Item 15. Exhibits, Financial Statement Schedules 116 Item 16. Form 10-K Summary 116 MARKET AND INDUSTRY DATA AND FORECAST S Market and industry data and other statistical information and forecasts used throughout this Annual Report on Form 10-K (this "Annual Report") are based on independent industry publications, government publications and reports by market research firms or other published independent sources. We have not sought or obtained the approval or endorsement of the use of this third-party information. Some data also is based on our good faith estimates, which are derived from our review of internal surveys, as well as independent sources. Forecasts are particularly likely to be inaccurate, especially over long periods of time. 2 Table of Contents Unless the context otherwise indicates, all references in this Annual Report to the "Company," "we," "us," "our" or "ours" or similar words are to Hilltop Holdings Inc. and its direct and indirect wholly owned subsidiaries, references to "Hilltop" refer solely to Hilltop Holdings Inc., references to "PCC" refer to PlainsCapital Corporation (a wholly owned subsidiary of Hilltop), references to "Securities Holdings" refer to Hilltop Securities Holdings LLC (a wholly owned subsidiary of Hilltop), references to "Hilltop Securities" refer to Hilltop Securities Inc. (a wholly owned subsidiary of Securities Holdings), references to "Momentum Independent Network" refer to Momentum Independent Network Inc. (a wholly owned subsidiary of Securities Holdings, Hilltop Securities and Momentum Independent Network are collectively referred to as the "Hilltop Broker-Dealers"), references to the "Bank" refer to PlainsCapital Bank (a wholly owned subsid

Business

Item 1. Business . General Hilltop Holdings Inc. is a diversified, Texas-based financial holding company registered under the Bank Holding Company Act of 1956, as amended (the "Bank Holding Company Act"). Our primary line of business is to provide business and consumer banking services from offices located throughout Texas through the Bank. We also provide an array of financial products and services through our broker-dealer and mortgage origination segments. We endeavor to build and maintain a strong financial services company through organic growth as well as acquisitions, which we may make using available capital, excess liquidity and, if necessary or appropriate, additional equity or debt financing sources. The following includes additional details regarding the financial products and services provided by each of our two primary business units. PCC . PCC is a financial holding company that provides, through its subsidiaries, traditional banking and wealth, investment and treasury management services primarily in Texas and residential mortgage loans throughout the United States. Securities Holdings . 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. At December 31, 2024, on a consolidated basis, we had total assets of $16.3 billion, total deposits of $11.1 billion, total loans, including loans held for sale, of $8.7 billion and stockholders' equity of $2.2 billion. Our common stock is listed on the New York Stock Exchange ("NYSE") under the symbol "HTH." Our principal office is located at 6565 Hillcrest Avenue, Dallas, Texas 75205, and our telephone number at that location is (214) 855-2177. Our internet address is www.hilltop.com. Our Annual Repo

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View this 10-K filing on SEC EDGAR