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Hilltop Holdings – Balance Sheet • Total assets increased 7.7% in Q2 2017 relative to Q1 2017, mainly driven by increases in loans HFS and gross non-covered loans HFI • Cash & federal funds decreased $164.0 million, or 28.8%, from Q1 2017 to $406.3 million at Q2 2017 • Loans held for sale increased $670.8 million, or 50.5%, from Q1 2017 to $2.0 billion at Q2 2017 • Non-covered loans HFI increased $334.4 million, or 5.8%, from Q1 2017 to $6.1 billion at Q2 2017 • Gross loans HFI (covered and non-covered) to deposits increased to 83.5% at Q2 2017, compared to 82.1% at Q1 2017 • Total deposits increased $244.8 million, or 3.3%, from Q1 2017 to $7.6 billion at Q2 2017 • Short term borrowings increased $761.3 million, or 101.0%, from Q1 2017 to Q2 2017 • Common equity increased $4.1 million, or 0.2%, from Q1 2017 to $1.9 billion at Q2 2017 due to earnings, which was offset by dividends paid, repurchase of common stock and the SWS Merger appraisal proceedings 10 ($000s)Q2 2016Q1 2017Q2 2017 Assets Cash & Federal Funds613,661570,332406,326 Securities1,177,6451,466,2031,594,538 Loans Held for Sale1,550,4751,329,4932,000,257 Non-Covered Loans HFI, Gross5,472,4465,783,8536,118,211 Allowance for Non-Covered Loan Losses Non-Covered Loans HFI, Net Covered Loans, Net of Allowance Covered OREO Broker-Dealer & Clearing Receivables FDIC Indemnification Asset Goodwill & Other Intangibles Other Assets (51,013)(55,157)(59,208) 5,421,4335,728,6966,059,003 322,073234,681205,877 67,63445,37442,304 2,257,4801,574,0311,552,525 74,46047,94040,304 301,498294,409292,324 1,291,5431,047,2681,095,115 Total Assets13,077,90212,338,42713,288,573 Liabilities and Stockholders’ Equity Non-Int.

Bearing Deposits2,280,1082,272,9052,251,208 Int. Bearing Deposits4,846,7055,056,9575,323,414 Total Deposits7,126,8137,329,8627,574,622 Broker-Dealer & Clearing Payables2,111,9941,437,5481,395,314 Short Term Borrowings1,012,862753,7771,515,069 Notes Payable Junior Subordinated Debentures Other Liabilities Total Liabilities 319,636324,701300,283 67,01267,01267,012 643,139536,218543,220 11,281,45610,449,11811,395,520 Common Equity1,792,5271,886,0001,890,139 Total Hilltop Equity Minority Interest Total Liabilities & Equity 1,792,5271,886,0001,890,139 3,9193,3092,914 13,077,90212,338,42713,288,573

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