Hilltop Holdings Inc. Announces $50 Million Stock Repurchase Program
Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced the approval of a stock repurchase program, authorizing Hilltop to
repurchase in the aggregate up to $50 million of its outstanding common stock.
Under the program authorized, Hilltop may repurchase shares in open-market purchases or through privately negotiated
transactions as permitted under Rule 10b-18 promulgated under the Securities Exchange Act of 1934. The extent to which Hilltop
repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as
determined by Hilltop’s management team. The purchases will be funded from available cash balances.
About Hilltop
Hilltop Holdings is a Dallas-based financial holding company. Through its wholly owned subsidiary, PlainsCapital Corporation, a
regional commercial banking franchise, it has two operating subsidiaries: PlainsCapital Bank and PrimeLending. Through its wholly
owned subsidiaries, Hilltop Securities Inc. and Hilltop Securities Independent Network Inc., it provides a full complement of
securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory.
Through Hilltop Holdings’ other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance
through two insurance companies, National Lloyds Insurance Company and American Summit Insurance Company. At March 31, 2016,
Hilltop employed approximately 5,300 people and operated approximately 400 locations in 44 states. Hilltop Holdings' common stock
is listed on the New York Stock Exchange under the symbol "HTH." Find more information at Hilltop-Holdings.com, PlainsCapital.com,
PrimeLending.com, Nationallloydsinsurance.com and Hilltopsecurities.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different from any future results, performance or achievements anticipated in
such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, we do not
assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements
about the future financial and operating results, Hilltop’s plans, objectives, expectations and intentions and other statements
that are not historical facts, including statements related to the authorized stock repurchase program. The following factors,
among others, could cause actual results to differ from those set forth in the forward-looking statements: (i) risks associated
with merger and acquisition integration, including our ability to promptly and effectively integrate our businesses with those
acquired in the SWS transaction and achieve the anticipated synergies and cost savings in connection therewith, as well as the
diversion of management time on acquisition- and integration-related issues; (ii) our ability to estimate loan losses; (iii)
changes in the default rate of our loans; (iv) changes in general economic, market and business conditions in areas or markets
where we compete, including changes in the price of crude oil; (v) risks associated with concentration in real estate related
loans; (vi) severe catastrophic events in Texas and other areas of the southern United States; (vii) changes in the interest rate
environment; (viii) cost and availability of capital; (vix) effectiveness of our data security controls in the face of cyber
attacks; (x) changes in state and federal laws, regulations or policies affecting one or more of the our business segments,
including changes in regulatory fees, deposit insurance premiums, capital requirements and the Dodd-Frank Wall Street Reform and
Consumer Protection Act; (xi) approval of new, or changes in, accounting policies and practices; (xii) changes in key management;
(xiii) competition in our banking, broker-dealer, mortgage origination and insurance segments from other banks and financial
institutions, as well as investment banking and financial advisory firms, mortgage bankers, asset-based non-bank lenders,
government agencies and insurance companies; (xiv) our ability to obtain reimbursements for losses on acquired loans under
loss-share agreements with the FDIC to the extent the FDIC determines that we did not adequately manage the covered loan portfolio;
(xv) failure of our insurance segment reinsurers to pay obligations under reinsurance contracts; and (xvi) our ability to use
excess cash in an effective manner, including the execution of successful acquisitions. For further discussion of such factors, see
the risk factors described in the Hilltop Annual Report on Form 10-K for the year ended December 31, 2015 and other reports filed
with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary
statement.
Hilltop Holdings Inc.
Isabell Novakov, 214-252-4029
inovakov@plainscapital.com
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