Hilltop Holdings Inc. (NYSE:HTH), a Texas-based diversified financial
services holding company, has been named to Fortune magazine’s
2016 list of 100 Fastest-Growing Companies. Hilltop Holdings ranked 31st
on the list.
Now in its 30th year, Fortune’s annual ranking of the
100 Fastest-Growing Companies identifies top public companies based on
revenue growth, EPS growth and three-year annualized total return.
“We‘re honored to be named to Fortune’s list of the 100
Fastest-Growing Companies,” said Jeremy Ford, Hilltop Holdings co-CEO
and president. “The ranking is a testament to Hilltop’s financial
strength and stability, as well as our operational performance;
particularly significant given the extensive acquisitions and
integrations we’ve undertaken over the last 36 months. We are delivering
on our strategic vision to build a full-service financial services
brand, and we are very proud to be recognized among some of the most
prominent companies in the world.”
This is Hilltop Holdings’ inaugural year on Fortune’s 100
Fastest-Growing Companies list. To qualify, a company – domestic or
foreign – must be trading on a major U.S. stock exchange; report data in
U.S. dollars; file quarterly reports with the SEC; have a minimum market
capitalization of $250 million and a stock price of at least $5 on June
30, 2016; and have been trading continuously since June 30, 2013.
Companies must have revenue and net income for the four quarters ended
on or before April 30, 2016, of at least $50 million and $10 million,
respectively; and have posted an annualized growth in revenue and
earnings per share of at least 15% annually over the three years ended
on or before April 30, 2016.
Hilltop Holdings’ three-year annual growth rate for both EPS and revenue
was 51%, and its total three-year return rate was 9%.
“At the heart of our success are our employees,” said Alan B. White,
Hilltop Holdings’ co-CEO and vice chairman. “Their talent and hard work
create the culture of service excellence that exists across our family
of companies – PlainsCapital Bank, HilltopSecurities, PrimeLending and
National Lloyds – enabling us to best serve the financial needs of our
customers and bring sustained value to our shareholders. I’m very proud
of our Hilltop Holdings team for helping us succeed each and every day.”
Earlier this year, Hilltop Holdings was recognized on the Forbes
Top 100 where it was ranked No. 5 nationally on the magazine’s best
banks listing of the Top 100 largest publicly traded banks and thrifts
for 2016. Additionally, Hilltop Holdings was recognized by Bank
Director magazine as the second highest-performing bank nationally
among midsized banks between $5 billion and $50 billion in assets on the
magazine’s 2016
Bank Performance Scorecard, an annual ranking of the 300 largest
publicly traded banks and thrifts in the country.
For more information on Hilltop Holdings’ Fortune ranking click
here.
For more information on the complete Fortune list click
here.
About Hilltop Holdings
Hilltop Holdings is a Dallas-based financial holding company. Its
primary line of business is to provide business and consumer banking
services from offices located throughout Texas through PlainsCapital
Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending,
provides residential mortgage lending throughout the United States.
Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc.
and Hilltop Securities Independent Network Inc., provide 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 September 30, 2016, Hilltop employed
approximately 5,500 people and operated approximately 450 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,
HilltopSecurities.com
and NationalLloydsInsurance.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 concerning such things as our business
strategy, our financial condition, our efforts to make strategic
acquisitions, the integration of the operations acquired, our revenue,
our liquidity and sources of funding, market trends, operations and
business, our other plans, objectives, strategies, expectations and
intentions and other statements that are not statements of historical
fact, and may be identified by words such as “anticipates,” “believes,”
“could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,”
“might,” “plan,” “probable,” “projects,” “seeks,” “should,” “target,”
“view” or “would” or the negative of these words and phrases or similar
words or phrases. The following factors, among others, could cause
actual results to differ from those set forth in the forward-looking
statements: (i) our ability to estimate loan losses; (ii) changes in the
default rate of our loans; (iii) changes in general economic, market and
business conditions in areas or markets where we compete, including
changes in the price of crude oil; (iv) risks associated with
concentration in real estate related loans; (v) risks associated with
merger and acquisition integration, including our ability to promptly
and effectively integrate our businesses with those acquired in the SWS
Merger 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; (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.
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