Tristate Capital (TSC) Tops Q4 EPS by 3c
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TriState Capital Reports Fourth Quarter and Full Year 2016 Financial Results
January 25, 2017 4:15 PM ESTPITTSBURGH--(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
