Dallas-based Hilltop Holdings Inc.'s board reauthorized its stock repurchase program, originally approved during 2016, through January 2018.

Under the program, Hilltop Holdings may buy back up to $50 million of its common stock.

In an earnings release, the company reported its 2016 fourth-quarter net income to common stockholders of $35.3 million, or 36 cents per share, as compared to $20.7 million, or 21 cents per share, in the year-ago period.