希尔托普控股 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For thequarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number: 1-31987 Hilltop Holdings Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Common Stock, par value $0.01 per share Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.Yes☒No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).Yes☒No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No⌧ The number of shares of the registrant's common stock outstanding at April 23, 2026 was 58,530,197. HILLTOP HOLDINGSINC.FORM10-QFOR THE QUARTER ENDED MARCH 31, 2026 TABLE OF CONTENTS PART I — FINANCIALINFORMATION Item 1.Financial Statements3Consolidated Balance Sheets3Consolidated Statements of Operations4Consolidated Statements of Comprehensive Income5Consolidated Statements of Stockholders’ Equity6Consolidated Statements of Cash Flows7Notes to Consolidated Financial Statements8 Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations46Item 3.Quantitative and Qualitative Disclosures About Market Risk89Item 4.Controls and Procedures93 PARTII — OTHER INFORMATION Item 1.Legal Proceedings94Item 1A. Risk Factors94Item 2.Unregistered Sales of Equity Securities and Use of Proceeds94Item 5.Other Information94Item 6.Exhibits95 PART I. FINANCIAL INFORMATION HILLTOP HOLDINGS INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(Unaudited) Three Months Ended March 31,20262025Interest income:Loans, including fees$130,086$124,692Securities borrowed14,20315,809Securities:Taxable26,91924,782Tax-exempt3,0212,613Other10,06124,903Total interest income184,290192,799Interest expense:Deposits48,32560,051Securities loaned12,84214,736Short-term borrowings7,5878,103Notes payable2,3553,653Other1,0841,139Total interest expense72,19387,682Net interest income112,097105,117Provision for credit losses1,7659,338Net interest income after provision for credit losses110,33295,779Noninterest income:Net gains from sale of loans and other mortgage production income50,97245,281Mortgage loan origination fees21,91022,451Principal transactions, commissions and fees66,53455,313Investment banking, advisory and administrative fees36,92036,628Other12,07953,667Total noninterest income188,415213,340Noninterest expense:Employees' compensation and benefits168,962176,240Occupancy and equipment, net19,82919,782Professional services11,2454,114Other48,26751,337Total noninterest expense248,303251,473Income before income taxes50,44457,646Income tax expense11,42513,114Net income39,01944,532Less: Net income attributable to noncontrolling interest1,1832,416Income attributable to Hilltop$37,836$42,116Earnings per common share:Basic$0.64$0.65Diluted$0.64$0.65Weighted average share information:Basic59,12464,613Diluted59,20764,615See accompanying notes. HILLTOP HOLDINGS INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(in thousands)(Unaudited) Three Months Ended March 31,20262025Net income$39,019$44,532Other comprehensive income (loss):Change in fair value of cash flow and fair value hedges, net taxes of $9 and $(465),respectively31(1,581)Net unrealized gains (losses) on securities available for sale, net taxes of $(1,197) and$3,291, respectively(4,084)11,140Amortization of unrealized losses on securities transferred from available-for-sale toheld-to-maturity, net taxes of $469 and $386, respectively1,5821,284Comprehensive income36,54855,375Less: comprehensive income attributable to noncontrolling interest1,1832,416Comprehensive income applicable to Hilltop$35,365$52,959 HILLT