Tristate Capital (TSC) Tops Q4 EPS by 1c

Tristate Capital (NASDAQ: TSC) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19.

“TriState Capital’s business model delivered highly profitable growth across all business lines in 2015, increasing earnings per share by more than 45%, lending by 18%, net interest income by 3%, non-interest income by 13% and total revenue by 8%,” said Chief Executive Officer James F. Getz. “Since 2011, TriState Capital has achieved compound annual growth in earnings per share of 25%. This performance is a direct result of the disciplined execution of our distinctive growth strategy, which we intend to continue through the ongoing organic expansion of private banking, middle-market commercial banking and investment management, as well as opportunistic acquisitions that accelerate Chartwell Investment Partners’ growth.”

FOURTH QUARTER 2015 HIGHLIGHTS

• Total loans grew 6.8% during the quarter and 18.4% from one year prior
• Private banking loans grew 12.1% during the quarter and 35.9% from one year prior
• Deposits grew 3.4% during the quarter and 15.1% from one year prior
• Non-performing assets (NPAs) declined to 0.56% of assets and adverse rated credits declined to 1.9% of loans at December 31
• Total revenue grew 6.5% during the quarter, with non-interest income up 12.9% and net interest income (NII) up 3.4%
• Pre-tax, pre-provision net revenue grew 11.1% during the quarter
• Chartwell investment management fees grew to $7.4 million, or 27.9% of total revenue, on higher net inflows from new and existing clients

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

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