Tristate Capital (TSC) Tops Q2 EPS by 10c, Slight Beat on Revenues

Tristate Capital (NASDAQ: TSC) reported Q2 EPS of $0.48, $0.10 better than the analyst estimate of $0.38. Revenue for the quarter came in at $41.3 million versus the consensus estimate of $40.72 million.

“The company’s second quarter results, including record pre-tax income, are the product of effective and timely execution of our growth strategy across our commercial banking, private banking, and investment management businesses,” Chairman and Chief Executive Officer James F. Getz said. “Importantly, all three of these business lines produced healthy organic growth, as TriState Capital Bank continued to expand loan and deposit balances at rates in excess of 20% and Chartwell delivered significant growth in assets under management. We fully expect our momentum to continue through the end of 2018 and beyond, as we believe TriState Capital has the strategy, distribution, products, talent and capital necessary to maintain a high level of performance for our clients and investors over the long term. We are doing well by helping our clients do well.”

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

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