Tristate Capital (TSC) Tops Q2 EPS by 2c

Tristate Capital (NASDAQ: TSC) reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22.

“Very healthy expansion of the company’s banking and investment management businesses contributed to continued earnings growth in the quarter, offsetting the challenging economic dynamics facing financial institutions and asset managers in the first half of 2016,” Chief Executive Officer James F. Getz said. “TriState Capital’s private banking and commercial banking teams continue to deliver double-digit loan growth, while recent investments in our deposit gathering and investment management capabilities showed tangible results in the quarter. The company continues to demonstrate its ability to drive favorable top- and bottom-line growth trends over the long term, even in the low-rate environment TriState Capital has operated in since its inception.”

For earnings history and earnings-related data on Tristate Capital (TSC) click here.

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