| 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). | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 150,931 | | $ | 36,665 | | $ | 13,630 | | $ | 3,813 | | $ | (15,993) | | $ | 189,046 | Interest expense (1) | | | 51,461 | | | 23,684 | | | 14,496 | | | 2,357 | | | (18,803) | | | 73,195 | Net interest income (expense) | | | 99,470 | | | 12,981 | | | (866) | | | 1,456 | | | 2,810 | | | 115,851 | Noninterest income | | | 12,212 | | | 110,993 | | | 78,969 | | | 894 | | | (3,110) | | | 199,958 | Net revenue | | $ | 111,682 | | $ | 123,974 | | $ | 78,103 | | $ | 2,350 | | $ | (300) | | $ | 315,809 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | (1,027) | | | 53 | | | — | | | — | | | — | | | (974) | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 33,523 | | | 33,858 | | | 26,224 | | | 8,774 | | | — | | | 102,379 | Variable compensation (2) | | | — | | | 43,003 | | | 34,514 | | | — | | | — | | | 77,517 | Occupancy and equipment, net | | | 8,880 | | | 4,543 | | | 4,138 | | | 2,032 | | | (166) | | | 19,427 | Professional services | | | 2,708 | | | 5,267 | | | 3,557 | | | 1,115 | | | — | | | 12,647 | Other segment expense items (3) | | | 16,353 | | | 24,871 | | | 11,685 | | | 1,985 | | | (128) | | | 54,766 | | | $ | 61,464 | | $ | 111,542 | | $ | 80,118 | | $ | 13,906 | | $ | (294) | | $ | 266,736 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 51,245 | | $ | 12,379 | | $ | (2,015) | | $ | (11,556) | | $ | (6) | | $ | 50,047 |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 301,132 | | $ | 69,978 | | $ | 26,131 | | $ | 7,625 | | $ | (31,530) | | $ | 373,336 | Interest expense (1) | | | 102,938 | | | 45,104 | | | 27,925 | | | 4,740 | | | (35,319) | | | 145,388 | Net interest income (expense) | | | 198,194 | | | 24,874 | | | (1,794) | | | 2,885 | | | 3,789 | | | 227,948 | Noninterest income | | | 23,292 | | | 215,167 | | | 151,938 | | | 2,323 | | | (4,347) | | | 388,373 | Net revenue | | $ | 221,486 | | $ | 240,041 | | $ | 150,144 | | $ | 5,208 | | $ | (558) | | $ | 616,321 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | 732 | | | 59 | | | — | | | — | | | — | | | 791 | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 69,267 | | | 68,661 | | | 52,588 | | | 15,633 | | | — | | | 206,149 | Variable compensation (2) | | | — | | | 79,472 | | | 63,237 | | | — | | | — | | | 142,709 | Occupancy and equipment, net | | | 18,540 | | | 8,682 | | | 8,335 | | | 4,030 | | | (331) | | | 39,256 | Professional services | | | 4,983 | | | 10,000 | | | 6,935 | | | 1,974 | | | — | | | 23,892 | Other segment expense items (3) | | | 29,657 | | | 46,012 | | | 23,424 | | | 4,161 | | | (221) | | | 103,033 | | | $ | 122,447 | | $ | 212,827 | | $ | 154,519 | | $ | 25,798 | | $ | (552) | | $ | 515,039 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 98,307 | | $ | 27,155 | | $ | (4,375) | | $ | (20,590) | | $ | (6) | | $ | 100,491 |
| | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 159,396 | | $ | 39,432 | | $ | 14,143 | | $ | 2,914 | | $ | (18,704) | | $ | 197,181 | Interest expense (1) | | | 64,477 | | | 26,281 | | | 16,445 | | | 3,080 | | | (23,776) | | | 86,507 | Net interest income (expense) | | | 94,919 | | | 13,151 | | | (2,302) | | | (166) | | | 5,072 | | | 110,674 | Noninterest income | | | 11,892 | | | 96,502 | | | 90,248 | | | (628) | | | (5,380) | | | 192,634 | Net revenue | | $ | 106,811 | | $ | 109,653 | | $ | 87,946 | | $ | (794) | | $ | (308) | | $ | 303,308 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | (7,343) | | | 3 | | | — | | | — | | | — | | | (7,340) | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 32,146 | | | 37,321 | | | 27,239 | | | 9,402 | | | — | | | 106,108 | Variable compensation (2) | | | — | | | 36,172 | | | 34,975 | | | (845) | | | — | | | 70,302 | Occupancy and equipment, net | | | 10,176 | | | 4,613 | | | 4,543 | | | 1,898 | | | (166) | | | 21,064 | Professional services | | | 2,429 | | | 4,196 | | | 2,916 | | | 1,317 | | | (38) | | | 10,820 | Other segment expense items (3) | | | 14,475 | | | 20,951 | | | 15,063 | | | 2,513 | | | (120) | | | 52,882 | | | $ | 59,226 | | $ | 103,253 | | $ | 84,736 | | $ | 14,285 | | $ | (324) | | $ | 261,176 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 54,928 | | $ | 6,397 | | $ | 3,210 | | $ | (15,079) | | $ | 16 | | $ | 49,472 |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 317,941 | | $ | 74,255 | | $ | 25,373 | | $ | 5,729 | | $ | (33,318) | | $ | 389,980 | Interest expense (1) | | | 132,472 | | | 49,536 | | | 29,072 | | | 6,764 | | | (43,655) | | | 174,189 | Net interest income (expense) | | | 185,469 | | | 24,719 | | | (3,699) | | | (1,035) | | | 10,337 | | | 215,791 | Noninterest income | | | 22,702 | | | 193,439 | | | 158,023 | | | 42,751 | | | (10,941) | | | 405,974 | Net revenue | | $ | 208,171 | | $ | 218,158 | | $ | 154,324 | | $ | 41,716 | | $ | (604) | | $ | 621,765 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | 2,029 | | | (31) | | | — | | | — | | | — | | | 1,998 | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 66,248 | | | 72,102 | | | 55,746 | | | 18,822 | | | — | | | 212,918 | Variable compensation (2) | | | — | | | 69,455 | | | 59,807 | | | 10,470 | | | — | | | 139,732 | Occupancy and equipment, net | | | 18,665 | | | 9,464 | | | 9,318 | | | 3,732 | | | (333) | | | 40,846 | Professional services | | | (1,728) | | | 8,652 | | | 6,068 | | | 2,072 | | | (130) | | | 14,934 | Other segment expense items (3) | | | 27,971 | | | 42,903 | | | 28,457 | | | 5,080 | | | (192) | | | 104,219 | | | $ | 111,156 | | $ | 202,576 | | $ | 159,396 | | $ | 40,176 | | $ | (655) | | $ | 512,649 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 94,986 | | $ | 15,613 | | $ | (5,072) | | $ | 1,540 | | $ | 51 | | $ | 107,118 |
| (1) | Significant interest expenses for each reportable segment that are regularly provided to the CODM include: |
Banking segment – primarily comprised of deposit interest expense. Broker-dealer segment – primarily comprised of securities loaned and short-term borrowings interest expense. Mortgage origination segment – primarily comprised of interest incurred on warehouse lines of credit held with the Bank. | (2) | Variable compensation represents performance-based commissions and incentives. |
| (3) | Other segment items for certain reportable segments that are regularly provided to the CODM include:
Broker-dealer – included brokerage fees expense and travel, meals and entertainment expense.
Mortgage origination segment – included mortgage origination and servicing expenses, unreimbursed loan closing costs and business |
development expense. | | | | | | | | | | | | | | | | | | | | | | | | | | | Mortgage | | | | | All Other and | | Hilltop | | | Banking | | Broker-Dealer | | Origination | | Corporate | | Eliminations | | Consolidated | June 30, 2026 | | | | | | | | | | | | | | | | | | | Goodwill | | $ | 247,368 | | $ | 7,008 | | $ | 13,071 | | $ | — | | $ | — | | $ | 267,447 | | | | | | | | | | | | | | | | | | | | Total assets | | $ | 12,663,757 | | $ | 3,144,265 | | $ | 1,140,084 | | $ | 2,321,810 | | $ | (3,269,097) | | $ | 16,000,819 | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | Goodwill | | $ | 247,368 | | $ | 7,008 | | $ | 13,071 | | $ | — | | $ | — | | $ | 267,447 | | | | | | | | | | | | | | | | | | | | Total assets | | $ | 12,743,756 | | $ | 2,929,088 | | $ | 1,091,437 | | $ | 2,370,468 | | $ | (3,289,755) | | $ | 15,844,994 |
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