Hilltop Holdings Inc. (HTH) Financial Statements (2024 and earlier)

Company Profile

Business Address 6565 HILLCREST AVE.
DALLAS, TX 75205
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,634,5446,171,1362,634,9551,466,0421,133,1521,218,067
Cash and cash equivalents2,879,5125,523,1381,940,560756,4591,113,473487,382
Short-term investments755,032647,998694,395709,58319,679730,685
Total current assets:3,634,5446,171,1362,634,9551,466,0421,133,1521,218,067
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,8322,4223,0123,602
Operating lease, right-of-use asset102,443112,328105,757117,059
Property, plant and equipment    219,982237,373177,577
Intangible assets, net (including goodwill)278,764282,731287,811321,590329,440288,240
Goodwill267,447267,447267,447291,435291,435251,808
Intangible assets, net (excluding goodwill)11,31715,28420,36430,15538,00536,432
Total noncurrent assets:383,039397,481396,580662,233566,813465,817
Other undisclosed assets12,241,69912,120,46313,912,72913,044,17311,983,60711,681,902
TOTAL ASSETS:16,259,28218,689,08016,944,26415,172,44813,683,57213,365,786
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt970,056859,444695,7981,424,0101,065,8071,206,424
Total current liabilities:970,056859,444695,7981,424,0101,065,8071,206,424
Noncurrent Liabilities
Other undisclosed liabilities13,225,69715,280,43313,897,81911,619,64210,643,87210,244,555
Total liabilities:14,195,75316,139,87714,593,61713,043,65211,709,67911,450,979
Equity
Equity, attributable to parent, including:2,036,9242,522,6682,323,9392,103,0391,949,4701,912,081
Common stock647790822906936960
Additional paid in capital1,046,3311,274,4461,317,9291,445,2331,489,8161,526,369
Accumulated other comprehensive income (loss)(133,531)(10,219)17,76311,419(8,627)(394)
Retained earnings1,123,6361,257,014986,792644,860466,737384,545
Other undisclosed equity, attributable to parent(159)637633621608601
Equity, attributable to noncontrolling interest26,60526,53526,70825,75724,4232,726
Total equity:2,063,5292,549,2032,350,6472,128,7961,973,8931,914,807
TOTAL LIABILITIES AND EQUITY:16,259,28218,689,08016,944,26415,172,44813,683,57213,365,786

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues872,7521,343,0821,618,1771,202,9871,100,5781,323,548
Gain on disposition of assets for financial service operations302,384825,9601,001,059504,935445,116
Net investment income546,702468,306495,135545,247512,514466,108
Financial services revenue857,440
Cost of revenue(8,309) (96,491)(76,146)(84,435)(108,972)
Provision for loan, lease, and other losses(8,309) (96,491)(7,206)(5,088)
Policyholder benefits and claims incurred, net    (68,940)(79,347)
Financial services costs(108,972)
Gross profit:864,4431,343,0821,521,6861,126,8411,016,1431,214,576
Operating expenses(233,098)(242,621)(241,266)(297,679)(314,673)(1,118,070)
Other operating income, net
(Noninterest Income, Other Operating Income)
 21,94723,78615,8629,49311,40325,546
Other undisclosed operating income      
Operating income:653,2921,124,2471,296,282838,655712,873122,052
Interest and debt expense(132,141)(106,991)(122,329)(173,523)(143,104)(85,408)
Income from continuing operations before equity method investments, income taxes:521,1511,017,2561,173,953665,132569,76936,644
Other undisclosed income (loss) from continuing operations before income taxes(365,024)(513,184)(609,601)(364,823)(408,992)206,642
Income from continuing operations before income taxes:156,127504,072564,352300,309160,777243,286
Income tax expense(36,833)(117,976)(133,071)(67,332)(35,050)(110,142)
Income from continuing operations:119,294386,096431,281232,977125,727133,144
Income before gain (loss) on sale of properties:386,096469,677232,977125,727133,144
Income from discontinued operations   38,396   
Net income:119,294386,096469,677232,977125,727133,144
Net loss attributable to noncontrolling interest(6,160)(11,601)(21,841)(7,686)(4,286)(600)
Net income available to common stockholders, diluted:113,134374,495447,836225,291121,441132,544

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:119,294386,096469,677232,977125,727133,144
Other comprehensive income (loss)(123,312)(27,982)6,34420,046(5,632)(879)
Comprehensive income (loss):(4,018)358,114476,021253,023120,095132,265
Comprehensive loss, net of tax, attributable to noncontrolling interest(6,160)(11,601)(21,841)(7,686)(4,286)(600)
Comprehensive income (loss), net of tax, attributable to parent:(10,178)346,513454,180245,337115,809131,665

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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