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

Exhibit 99.1

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.