Tristate Capital (TSC) Tops Q4 EPS by 1c

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TriState Capital Reports Fourth Quarter and Full Year 2015 Financial Results

January 27, 2016 4:15 PM EST

PITTSBURGH--(BUSINESS WIRE)-- TriState Capital Holdings, Inc. (NASDAQ: TSC), parent company of TriState Capital Bank and Chartwell Investment Partners, LLC, reported record net income of $22.5 million for the year ended December 31, 2015, increasing 41.2% from $15.9 million in 2014. Diluted earnings per share increased 45.5% to $0.80 in 2015 from $0.55 in 2014. Adjusting for acquisition related expenses associated with The Killen Group (TKG) transaction announced last month, the company earned $0.81 per share in 2015. TriState Capital continued to expand its private banking, middle-market commercial banking and investment management businesses by profitably growing loans, deposits and total revenue, and further enhancing the... More