Tristate Capital (TSC) Reports In-Line Q4 EPS, Revenues Beat

Tristate Capital (NASDAQ: TSC) reported Q4 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $46.49 million versus the consensus estimate of $45.83 million.

“Meaningful organic growth across each of our commercial banking, private banking and investment management businesses contributed to all-time-high quarterly and annual revenues for TriState Capital, even as the industry faced a challenging interest rate environment in 2019,” Chief Executive Officer James F. Getz said. “With much of our strong fourth quarter production coming in December, we expect the full benefit of record loan growth to be realized in net interest income this year. Together with plans for continued double-digit organic balance sheet expansion, very competitive investment performance at Chartwell, underwriting discipline, and an emphasis on investing in our businesses while managing operating expenses, TriState Capital is very well positioned to continue growing earnings in 2020.”

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

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