| 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 September 30, 2026 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 158,205 | | $ | 31,637 | | $ | 14,197 | | $ | 3,768 | | $ | (15,986) | | $ | 191,821 | Interest expense (1) | | | 53,273 | | | 19,277 | | | 14,677 | | | 2,363 | | | (20,139) | | | 69,451 | Net interest income (expense) | | | 104,932 | | | 12,360 | | | (480) | | | 1,405 | | | 4,153 | | | 122,370 | Noninterest income | | | 12,089 | | | 104,265 | | | 67,711 | | | 7,508 | | | (4,431) | | | 187,142 | Net revenue | | $ | 117,021 | | $ | 116,625 | | $ | 67,231 | | $ | 8,913 | | $ | (278) | | $ | 309,512 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | 10,149 | | | 17 | | | — | | | — | | | — | | | 10,166 | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 34,405 | | | 34,491 | | | 27,906 | | | 8,347 | | | — | | | 105,149 | Variable compensation (2) | | | — | | | 44,214 | | | 29,939 | | | — | | | — | | | 74,153 | Occupancy and equipment, net | | | 9,698 | | | 4,216 | | | 3,988 | | | 2,004 | | | (166) | | | 19,740 | Professional services | | | 2,295 | | | 4,397 | | | 3,188 | | | 1,876 | | | — | | | 11,756 | Other segment expense items (3) | | | 16,399 | | | 22,444 | | | 12,992 | | | 1,788 | | | (286) | | | 53,337 | | | $ | 62,797 | | $ | 109,762 | | $ | 78,013 | | $ | 14,015 | | $ | (452) | | $ | 264,135 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 44,075 | | $ | 6,846 | | $ | (10,782) | | $ | (5,102) | | $ | 174 | | $ | 35,211 |
| | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 459,337 | | $ | 101,615 | | $ | 40,329 | | $ | 11,393 | | $ | (47,517) | | $ | 565,157 | Interest expense (1) | | | 156,212 | | | 64,381 | | | 42,602 | | | 7,103 | | | (55,459) | | | 214,839 | Net interest income (expense) | | | 303,125 | | | 37,234 | | | (2,273) | | | 4,290 | | | 7,942 | | | 350,318 | Noninterest income | | | 35,381 | | | 319,432 | | | 219,648 | | | 9,832 | | | (8,778) | | | 575,515 | Net revenue | | $ | 338,506 | | $ | 356,666 | | $ | 217,375 | | $ | 14,122 | | $ | (836) | | $ | 925,833 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | 10,880 | | | 76 | | | — | | | — | | | — | | | 10,956 | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 103,672 | | | 103,152 | | | 80,494 | | | 23,980 | | | — | | | 311,298 | Variable compensation (2) | | | — | | | 123,686 | | | 93,176 | | | — | | | — | | | 216,862 | Occupancy and equipment, net | | | 28,238 | | | 12,898 | | | 12,324 | | | 6,035 | | | (499) | | | 58,996 | Professional services | | | 7,278 | | | 14,397 | | | 10,123 | | | 3,850 | | | — | | | 35,648 | Other segment expense items (3) | | | 46,057 | | | 68,457 | | | 36,415 | | | 5,948 | | | (507) | | | 156,370 | | | $ | 185,245 | | $ | 322,590 | | $ | 232,532 | | $ | 39,813 | | $ | (1,006) | | $ | 779,174 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 142,381 | | $ | 34,000 | | $ | (15,157) | | $ | (25,691) | | $ | 170 | | $ | 135,703 |
| | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 160,491 | | $ | 40,809 | | $ | 14,645 | | $ | 2,793 | | $ | (18,477) | | $ | 200,261 | Interest expense (1) | | | 63,645 | | | 28,147 | | | 16,696 | | | 2,350 | | | (22,965) | | | 87,873 | Net interest income (expense) | | | 96,846 | | | 12,662 | | | (2,051) | | | 443 | | | 4,488 | | | 112,388 | Noninterest income | | | 11,001 | | | 131,832 | | | 76,608 | | | 3,081 | | | (4,715) | | | 217,807 | Net revenue | | $ | 107,847 | | $ | 144,494 | | $ | 74,557 | | $ | 3,524 | | $ | (227) | | $ | 330,195 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | (2,621) | | | 110 | | | — | | | — | | | — | | | (2,511) | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 31,925 | | | 36,241 | | | 27,371 | | | 11,069 | | | — | | | 106,606 | Variable compensation (2) | | | — | | | 50,756 | | | 32,665 | | | — | | | — | | | 83,421 | Occupancy and equipment, net | | | 8,867 | | | 4,566 | | | 4,553 | | | 2,111 | | | (167) | | | 19,930 | Professional services | | | 2,412 | | | 5,111 | | | 3,510 | | | 1,648 | | | — | | | 12,681 | Other segment expense items (3) | | | 12,574 | | | 21,238 | | | 13,692 | | | 1,844 | | | (83) | | | 49,265 | | | $ | 55,778 | | $ | 117,912 | | $ | 81,791 | | $ | 16,672 | | $ | (250) | | $ | 271,903 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 54,690 | | $ | 26,472 | | $ | (7,234) | | $ | (13,148) | | $ | 23 | | $ | 60,803 |
| | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | Banking | | Broker-Dealer | | Mortgage Origination | | Corporate | | All Other and Eliminations | | Hilltop Consolidated | Interest income | | $ | 478,432 | | $ | 115,064 | | $ | 40,019 | | $ | 8,522 | | $ | (51,796) | | $ | 590,241 | Interest expense (1) | | | 196,117 | | | 77,683 | | | 45,768 | | | 9,114 | | | (66,620) | | | 262,062 | Net interest income (expense) | | | 282,315 | | | 37,381 | | | (5,749) | | | (592) | | | 14,824 | | | 328,179 | Noninterest income | | | 33,703 | | | 325,271 | | | 234,631 | | | 45,832 | | | (15,656) | | | 623,781 | Net revenue | | $ | 316,018 | | $ | 362,652 | | $ | 228,882 | | $ | 45,240 | | $ | (832) | | $ | 951,960 | | | | | | | | | | | | | | | | | | | | Provision for (reversal of) credit losses | | | (592) | | | 79 | | | — | | | — | | | — | | | (513) | | | | | | | | | | | | | | | | | | | | Non-variable compensation and benefits | | | 98,173 | | | 108,344 | | | 83,116 | | | 29,891 | | | — | | | 319,524 | Variable compensation (2) | | | — | | | 120,210 | | | 92,473 | | | 10,470 | | | — | | | 223,153 | Occupancy and equipment, net | | | 27,532 | | | 14,031 | | | 13,870 | | | 5,842 | | | (499) | | | 60,776 | Professional services | | | 684 | | | 13,763 | | | 9,579 | | | 3,721 | | | (132) | | | 27,615 | Other segment expense items (3) | | | 40,545 | | | 64,140 | | | 42,149 | | | 6,924 | | | (274) | | | 153,484 | | | $ | 166,934 | | $ | 320,488 | | $ | 241,187 | | $ | 56,848 | | $ | (905) | | $ | 784,552 | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | $ | 149,676 | | $ | 42,085 | | $ | (12,305) | | $ | (11,608) | | $ | 73 | | $ | 167,921 |
| (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 | September 30, 2026 | | | | | | | | | | | | | | | | | | | Goodwill | | $ | 247,368 | | $ | 7,008 | | $ | 13,071 | | $ | — | | $ | — | | $ | 267,447 | | | | | | | | | | | | | | | | | | | | Total assets | | $ | 12,830,184 | | $ | 3,181,666 | | $ | 780,109 | | $ | 2,304,139 | | $ | (2,876,364) | | $ | 16,219,734 | | | | | | | | | | | | | | | | | | | | 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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