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Selected Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information (Unaudited)  
Schedule of quarterly financial information

Selected quarterly financial information is summarized as follows (in thousands, except per share data).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

 

 

 

    

Fourth

    

Third

    

Second

    

First

    

Full

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

Interest income

 

$
115,962

 

$
130,545

 

$
115,662

 

$
107,669

 

$
469,838

Interest expense

 

 
16,649

 

 
15,334

 

 
14,995

 

 
14,277

 

 
61,255

Net interest income

 

 
99,313

 

 
115,211

 

 
100,667

 

 
93,392

 

 
408,583

Provision for loan losses

 

 
4,277

 

 
5,593

 

 
158

 

 
2,687

 

 
12,715

Noninterest income

 

 
276,927

 

 
296,469

 

 
301,400

 

 
352,846

 

 
1,227,642

Noninterest expense

 

 
338,721

 

 
333,502

 

 
353,317

 

 
314,476

 

 
1,340,016

Income before income taxes

 

 
33,242

 

 
72,585

 

 
48,592

 

 
129,075

 

 
283,494

Income tax expense

 

 
12,020

 

 
25,338

 

 
18,137

 

 
15,420

 

 
70,915

Net income

 

 
21,222

 

 
47,247

 

 
30,455

 

 
113,655

 

 
212,579

Less: Net income attributable to noncontrolling interest

 

 
495

 

 
353

 

 
405

 

 
353

 

 
1,606

Income attributable to Hilltop

 

$
20,727

 

$
46,894

 

$
30,050

 

$
113,302

 

$
210,973

Dividends on preferred stock

 

 

 —

 

 

 —

 

 
428

 

 
1,426

 

 
1,854

Income applicable to Hilltop common stockholders

 

$
20,727

 

$
46,894

 

$
29,622

 

$
111,876

 

$
209,119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.21

 

$
0.47

 

$
0.30

 

$
1.12

 

$
2.10

Diluted

 

$
0.21

 

$
0.47

 

$
0.30

 

$
1.11

 

$
2.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

 

 

    

Fourth

    

Third

    

Second

    

First

    

Full

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

Interest income

 

$
99,316

 

$
93,217

 

$
104,408

 

$
91,828

 

$
388,769

Interest expense

 

 
7,802

 

 
7,457

 

 
5,962

 

 
6,407

 

 
27,628

Net interest income

 

 
91,514

 

 
85,760

 

 
98,446

 

 
85,421

 

 
361,141

Provision for loan losses

 

 
4,125

 

 
4,033

 

 
5,533

 

 
3,242

 

 
16,933

Noninterest income

 

 
213,795

 

 
212,135

 

 
203,281

 

 
170,100

 

 
799,311

Noninterest expense

 

 
246,768

 

 
254,744

 

 
251,212

 

 
212,629

 

 
965,353

Income before income taxes

 

 
54,416

 

 
39,118

 

 
44,982

 

 
39,650

 

 
178,166

Income tax expense

 

 
20,950

 

 
14,010

 

 
16,294

 

 
14,354

 

 
65,608

Net income

 

 
33,466

 

 
25,108

 

 
28,688

 

 
25,296

 

 
112,558

Less: Net income attributable to noncontrolling interest

 

 
325

 

 
296

 

 
177

 

 
110

 

 
908

Income attributable to Hilltop

 

$
33,141

 

$
24,812

 

$
28,511

 

$
25,186

 

$
111,650

Dividends on preferred stock

 

 
1,425

 

 
1,426

 

 
1,426

 

 
1,426

 

 
5,703

Income applicable to Hilltop common stockholders

 

$
31,716

 

$
23,386

 

$
27,085

 

$
23,760

 

$
105,947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.35

 

$
0.26

 

$
0.30

 

$
0.26

 

$
1.18

Diluted

 

$
0.35

 

$
0.26

 

$
0.30

 

$
0.26

 

$
1.17