Tristate Capital (TSC) Tops Q3 EPS by 1c, Revenues Miss

Tristate Capital (NASDAQ: TSC) reported Q3 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $41.6 million versus the consensus estimate of $43.51 million.

“TriState Capital has delivered double-digit annual EPS growth in 18 of 22 quarters as a public company, even as we build our business for the long term, consistently investing in talent, technology, relationships and the strategic expansion of a deposit franchise designed to fund robust organic loan growth,” Chairman and Chief Executive Officer James F. Getz said. “Profitable growth and positive momentum continued through the third quarter of 2018. Based on the new business pipeline for all three businesses, including our liquidity and treasury management offering, we expect to sustain revenue growth while continuing to benefit from cost-effective funding and incremental operating leverage in the fourth quarter and next year.”

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

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