Exhibit 99.1




Investor Relations Contact:



Erik Yohe

Hilltop Holdings Inc.



200 Crescent Court



Suite 1330



Dallas, TX 75201



(214) 855-2177





Hilltop Holdings Inc. Announces Financial Results for 2012


DALLAS—(BUSINESS WIRE) Mar. 15, 2013 — Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”), the parent company of PlainsCapital Corporation (“PlainsCapital”) and NLASCO, Inc., its insurance subsidiary, announced financial results for 2012.  PlainsCapital, through its operating subsidiaries: PlainsCapital Bank, PrimeLending and First Southwest, provides banking, mortgage origination and financial advisory services.


Hilltop completed its acquisition of PlainsCapital on November 30, 2012. As a result of the acquisition, the operating results of Hilltop for the year ended December 31, 2012 include PlainsCapital’s operating results since December 1, 2012 and reflect the following:


·                  Hilltop’s total assets grew to $7.3 billion at December 31, 2012 compared to $0.9 billion at the end of 2011;

·                  Total stockholders’ equity increased 75 percent in 2012 to $1.1 billion at December 31, 2012;

·                  With the addition of PlainsCapital, Hilltop held $3.1 billion in Loans Held for Investment, net of Allowance for Loan Losses, and $1.4 billion in Loans Held for Sale at December 31, 2012;

·                  The operating results for 2012 was a net loss of $5.9 million, versus a net loss of $6.5 million for 2011;

·                  Diluted loss per common share for 2012 was $0.10, compared to diluted loss per common share of $0.12 for 2011;

·                  Certain items included in net loss for 2012 resulted from purchase accounting, compensation expense-related to retention agreements and acquisition-related expenses associated with the PlainsCapital transaction. The pre-tax effects of these items include compensation expense of $8.9 million, specific acquisition-related expenses of $6.6 million, net accretion on acquired earning assets and liabilities of $6.1 million and amortization of identifiable intangibles of $0.8 million. The after-tax impact of these items was to increase the 2012 net loss by $7.7 million;

·                  Hilltop is well capitalized with a Tier 1 Leverage Ratio(1) of 13.08% and Total Capital Ratio of 17.81%; and

·                  Post-acquisition Hilltop maintains over $200 million of freely usable cash.


The following information was filed by Hilltop Holdings Inc. (HTH) on Friday, March 15, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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