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Hilltop Holdings Inc. (HTH) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Hilltop Holdings Inc.

CIK: 1265131 Ticker: HTH

Exhibit 99.1

 

 

Investor Relations Contact:

 

Isabell Novakov

 

214-252-4029

 

inovakov@plainscapital.com

 

Hilltop Holdings Inc. Announces Financial Results for Fourth Quarter and Full Year 2014

 

DALLAS — (BUSINESS WIRE) February 26, 2015 — Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the fourth quarter and full year 2014. Hilltop produced income to common stockholders of $31.7 million, or $0.35 per diluted share, for the fourth quarter of 2014, compared to $29.5 million, or $0.34 per diluted share, for the fourth quarter of 2013. Income to common stockholders for the full year 2014 was $105.9 million, or $1.17 per diluted share, compared to $121.0 million, or $1.40 per diluted share, for the full year 2013. Hilltop’s annualized return on average assets and return on average equity for the fourth quarter of 2014 were 1.42% and 8.55%, respectively, compared to 1.31% and 9.31% for the fourth quarter of 2013, respectively. The return on average assets and return on average equity for the full year 2014 were 1.26% and 8.01%, respectively, compared to 1.66% and 10.48% for the full year 2013, respectively.

 

“2014 was another strong and exciting year for Hilltop’s shareholders, employees and customers as every business segment reported profitable results during the year. PlainsCapital Bank continues to grow its legacy franchise, while rationalizing the platform acquired in the FNB Transaction. PrimeLending has successfully increased its market share in an environment of declining industry origination volumes. National Lloyds achieved its most profitable year since it was founded over 50 years ago. The recent investment grade rating Hilltop received from Fitch reflects the strength of our business segments,” said Jeremy Ford, CEO of Hilltop.

 

“With the closing of the SWS Transaction, we are excited about the prospects of building a dominant broker-dealer through the combination of Southwest Securities and First Southwest. We have a committed and capable leadership team working towards an effective and efficient integration. We look forward to entering 2015 with momentum and remain focused on delivering strong long-term results to our shareholders.”

 

Fourth Quarter 2014 Highlights for Hilltop:

 

·                  Total assets remained flat at $9.2 billion at December 31, 2014 compared to September 30, 2014;

·                  Total stockholders’ equity increased $37.5 million from September 30, 2014 to $1.5 billion at December 31, 2014;

·                  Non-covered loans1 held for investment, net of allowance for loan losses, increased 4.1% to $3.9 billion, and covered loans1, net of allowance for loan losses, decreased 14.6% to $638.0 million from September 30, 2014 to December 31, 2014;

·                  Loans held for sale increased 2.9% to $1.3 billion from September 30, 2014 to December 31, 2014;

·                  Total deposits increased $133.6 million from September 30, 2014 to $6.4 billion at December 31, 2014;

·                  Hilltop was well-capitalized with a Tier 1 Leverage Ratio2 of 14.17% and Total Capital Ratio of 19.69% at December 31, 2014; and

·                  Hilltop had approximately $146.0 million of freely usable cash (although $78.2 million was used for SWS Group, Inc. (“SWS”) transaction consideration on January 1, 2015), as well as excess capital at its subsidiaries, at December 31, 2014.

 


The following information was filed by Hilltop Holdings Inc. (HTH) on Thursday, February 26, 2015 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
Acquisitions
Acquisitions (details 2)
Acquisitions (details 3)
Acquisitions (details)
Acquisitions (tables)
Balance Sheet Offsetting
Balance Sheet Offsetting (details 2)
Balance Sheet Offsetting (details)
Balance Sheet Offsetting (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)
Condensed Financial Statements Of Parent (tables)
Covered Assets And Indemnification Asset
Covered Assets And Indemnification Asset (details 2)
Covered Assets And Indemnification Asset (details 3)
Covered Assets And Indemnification Asset (details 4)
Covered Assets And Indemnification Asset (details 5)
Covered Assets And Indemnification Asset (details 6)
Covered Assets And Indemnification Asset (details 7)
Covered Assets And Indemnification Asset (details)
Covered Assets And Indemnification Asset (tables)
Deferred Policy Acquisition Cost (details)
Deferred Policy Acquisition Cost (tables)
Deferred Policy Acquisition Costs
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 6)
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)
Mortgage Servicing Rights
Mortgage Servicing Rights (details 2)
Mortgage Servicing Rights (details)
Mortgage Servicing Rights (tables)
Non-covered Loans And Allowance For Non-covered Loan Losses
Non-covered Loans And Allowance For Non-covered Loan Losses (details 2)
Non-covered Loans And Allowance For Non-covered Loan Losses (details 3)
Non-covered Loans And Allowance For Non-covered Loan Losses (details 4)
Non-covered Loans And Allowance For Non-covered Loan Losses (details 5)
Non-covered Loans And Allowance For Non-covered Loan Losses (details 6)
Non-covered Loans And Allowance For Non-covered Loan Losses (details 7)
Non-covered Loans And Allowance For Non-covered Loan Losses (details)
Non-covered Loans And Allowance For Non-covered 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)
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 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 (detail 2)
Securities (details 3)
Securities (details 4)
Securities (details 5)
Securities (details 6)
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)
Subsequent Events
Subsequent Events (details)
Subsequent Events (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: 0001104659-15-014473
Submitted to the SEC: Thu Feb 26 2015 5:01:43 PM EST
Accepted by the SEC: Thu Feb 26 2015
Period: Wednesday, December 31, 2014
Industry: State Commercial Banks

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