Tristate Capital (TSC) Tops Q4 EPS by 3c
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January 25, 2017 4:15 PM EST
PITTSBURGH--(BUSINESS WIRE)--
TriState Capital Holdings, Inc. (NASDAQ: TSC) reported record fourth
quarter and full year financial results in 2016, with strong top- and
bottom-line contributions by each of its growing commercial banking,
private banking and investment management businesses.
Net income increased 27.4% to $28.6 million in 2016 from $22.5 million
in 2015. Diluted earnings per share (EPS) increased 26.3% to $1.01 in
2016 from $0.80 in 2015. For the fourth quarter of 2016, the parent
company of TriState Capital Bank and Chartwell Investment Partners
reported net income of $7.6 million, or $0.27 per share, compared to
$5.6 million, or $0.20, in the fourth quarter of 2015 and $8.5 million,
or $0.30, in the... More
