ADDED
These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us, including the risks and uncertainties identified in Part II, Item 7.
Management s Discussion and Analysis of Financial Condition and Results of Operations and Part I, Item 1A.
Risk Factors in this Annual Report and in our other filings with the SEC.
If any of these events or risks or uncertainties occur, our business, business plan, financial condition, liquidity and results of operations may vary materially from those results expressed in our forward-looking statements.
This summary does not contain all of the information that may be important to you and should be read together with the more detailed discussion of risks within Item 1A, Risk Factors, and Item 7, Management s Discussion and Analysis of Financial Condition and Results of Operations, herein.
Risks Related to our Business Our allowances for credit losses for loans and debt securities may prove inadequate, or we may be negatively affected by credit risk exposures.
Also, future additions to our allowance for credit losses will reduce our future earnings.
Adverse developments affecting the financial services industry, such as bank failures or concerns involving liquidity, may have a material effect on the Company s operations.
Our operational systems and networks have been, and will continue to be, subject to an increasing risk of continually evolving cybersecurity or other technological risks, which could result in a loss of customer business, financial liability, regulatory penalties, damage to our reputation or the disclosure of confidential information.
Our banking segment is subject to risk arising from conditions in the commercial real estate market and may be adversely affected by weaknesses in the commercial real estate market.
REMOVED
These forward-looking statements are based on our beliefs, assumptions and expectations of our future performance taking into account all information currently available to us.
These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us.
If an event occurs, our business, business plan, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements.
is a diversified, Texas-based financial holding company registered under the Bank Holding Company Act of 1956, as amended (the Bank Holding Company Act ).
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.
Banking The banking segment includes the operations of the Bank, which, at December 31, 2024, had $13.4 billion in assets and total deposits of $11.3 billion.
At December 31, 2024, the Bank employed approximately 1,000 people.
At December 31, 2024, Hilltop Securities had total assets of $2.8 billion and net capital of $264.2 million, which was $258.1 million in excess of its minimum net capital requirement of $6.1 million.
At December 31, 2024, the Hilltop Broker-Dealers employed approximately 790 people and maintained 39 locations in 15 states.
At December 31, 2024, we employed 92 registered representatives in 19 retail brokerage offices and had contracts with 166 independent retail representatives for the administration of their securities business.