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Hilltop Holdings Inc. (HTH) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Hilltop Holdings Inc.

CIK: 1265131 Ticker: HTH

Exhibit 99.1

 

 

 

Investor Relations Contact:

 

 

Erik Yohe

Hilltop Holdings Inc.

 

 

200 Crescent Court

 

 

Suite 1330

 

 

Dallas, TX 75201

 

 

(214) 855-2177

 

 

ir@hilltop-holdings.com

 

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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Acquisition
Acquisition (details 2)
Acquisition (details 3)
Acquisition (details)
Acquisition (tables)
Broker-dealer And Clearing Organization Receivables And Payables
Broker-dealer And Clearing Organization Receivables And Payables (details)
Broker-dealer And Clearing Organization Receivables And Payables (tables)
Cash And Due From Banks
Cash And Due From Banks (details)
Cash And Due From Banks (tables)
Commitments And Contingencies
Commitments And Contingencies (details 2)
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Condensed Financial Statements Of Parent
Condensed Financial Statements Of Parent (details 2)
Condensed Financial Statements Of Parent (details 3)
Condensed Financial Statements Of Parent (details 4)
Condensed Financial Statements Of Parent (details)
Condensed Financial Statements Of Parent (tables)
Deferred Policy Acquisition Cost
Deferred Policy Acquisition Cost (details)
Deferred Policy Acquisition Cost (tables)
Deposits
Deposits (details)
Deposits (tables)
Derivative Financial Instruments
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Earnings (loss) Per Common Share
Earnings (loss) Per Common Share (details)
Earnings (loss) Per Common Share (tables)
Employee Benefits
Employee Benefits (details)
Fair Value Measurements
Fair Value Measurements (details 2)
Fair Value Measurements (details 3)
Fair Value Measurements (details 4)
Fair Value Measurements (details 5)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Financial Instruments With Off-balance Sheet Risk
Financial Instruments With Off-balance Sheet Risk (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details 2)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 2)
Income Taxes (details)
Income Taxes (tables)
Junior Subordinated Debentures And Trust Preferred Securities
Junior Subordinated Debentures And Trust Preferred Securities (details)
Junior Subordinated Debentures And Trust Preferred Securities (tables)
Loans And Allowance For Loan Losses
Loans And Allowance For Loan Losses (details 2)
Loans And Allowance For Loan Losses (details 3)
Loans And Allowance For Loan Losses (details 4)
Loans And Allowance For Loan Losses (details 5)
Loans And Allowance For Loan Losses (details)
Loans And Allowance For Loan Losses (tables)
Notes Payable
Notes Payable (details)
Notes Payable (tables)
Other Noninterest Income And Expense
Other Noninterest Income And Expense (details)
Other Noninterest Income And Expense (tables)
Premises And Equipment
Premises And Equipment (details)
Premises And Equipment (tables)
Recently Issued Accounting Standards
Regulatory Matters
Regulatory Matters (details 2)
Regulatory Matters (details 3)
Regulatory Matters (details)
Regulatory Matters (tables)
Reinsurance Activity
Reinsurance Activity (details 2)
Reinsurance Activity (details 3)
Reinsurance Activity (details)
Reinsurance Activity (tables)
Related Party Transactions
Related Party Transactions (details)
Reserves For Unpaid Losses And Loss Adjustment Expenses
Reserves For Unpaid Losses And Loss Adjustment Expenses (details)
Reserves For Unpaid Losses And Loss Adjustment Expenses (tables)
Securities
Securities (details 2)
Securities (details 3)
Securities (details)
Securities (tables)
Segment And Related Information
Segment And Related Information (details)
Segment And Related Information (tables)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (details)
Selected Quarterly Financial Information (unaudited) (tables)
Short-term Borrowings
Short-term Borrowings (details)
Short-term Borrowings (tables)
Stock-based Compensation
Stock-based Compensation (details)
Stockholders' Equity
Stockholders' Equity (details)
Stockholders' Equity (tables)
Summary Of Significant Accounting And Reporting Policies
Summary Of Significant Accounting And Reporting Policies (details 2)
Summary Of Significant Accounting And Reporting Policies (details 3)
Summary Of Significant Accounting And Reporting Policies (details 4)
Summary Of Significant Accounting And Reporting Policies (details)
Summary Of Significant Accounting And Reporting Policies (policies)
Ticker: HTH
CIK: 1265131
Form Type: 10-K Annual Report
Accession Number: 0001104659-13-021261
Submitted to the SEC: Fri Mar 15 2013 4:20:17 PM EST
Accepted by the SEC: Fri Mar 15 2013
Period: Monday, December 31, 2012
Industry: State Commercial Banks

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