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Last $10.25 USD
Change Today +0.22 / 2.19%
Volume 98.3K
TSC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
OTC US
As of 5:20 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

tristate capital hldgs inc (TSC) Key Developments

Tristate Capital Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2014; Provides Tax Rate Guidance for 2015

Tristate Capital Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of $20,933,000 compared with $18,885,000 for the same period a year ago. Net interest income was $17,516,000 compared with $16,384,000 for the same period a year ago. Income before tax was $7,177,000 compared with $6,288,000 for the same period a year ago. Net income available to common shareholders was $5,092,000 or $0.18 per basic and diluted share compared with $4,810,000 or $0.17 per basic and diluted share for the same period a year ago. Return on average assets was 0.72% compared with 0.85% for the same period a year ago. Return on average equity was 6.56% compared with 6.51% for the same period a year ago. Net interest income after provision for loan losses was $17,725,000 compared with $15,911,000 for the same period a year ago. On tax expense 2014, effective rate was 29% for the fourth quarter. For the year, the company reported interest income of $77,913,000 compared with $72,851,000 for the same period a year ago. Net interest income was $65,662,000 compared with $61,784,000 for the same period a year ago. The increase was primarily driven by 8% growth in total loan interest income from the increase in private banking and commercial real estate lending. Income before tax was $22,897,000 compared with $18,580,000 for the same period a year ago. Net income available to common shareholders was $15,928,000 or $0.55 per diluted share compared with $12,867,000 or $0.48 per diluted share for the same period a year ago. Return on average assets was 0.61% compared with 0.59% for the same period a year ago. Return on average equity was 5.25% compared with 4.84% for the same period a year ago. Book value per common share at December 31, 2013 was $10.25 compared with $9.84 at December 31, 2012. Book value per share at December 31, 2014 was $10.88 compared with $10.25 at December 31, 2013. Tangible book value per share at December 31, 2014 was $9.02 compared with $10.25 at December 31, 2013. Net interest income after provision for loan losses was $55,503,000 compared with $53,597,000 for the same period a year ago. On tax expense 2014, effective rate was 30% for the full year, including the benefit of energy tax credits, fully and tax-exempt income. For the fourth quarter of 2014, the company recorded net charge-offs of $1,894,000. The company anticipates a higher rate in 2015 as the nonbank Chartwell business provides a larger percentage of the holding company's consolidated taxable income.

Tristate Capital Holdings, Inc. to Report Q4, 2014 Results on Jan 28, 2015

Tristate Capital Holdings, Inc. announced that they will report Q4, 2014 results on Jan 28, 2015

Tristate Capital Holdings, Inc., Q4 2014 Earnings Call, Jan 29, 2015

Tristate Capital Holdings, Inc., Q4 2014 Earnings Call, Jan 29, 2015

Tristate Capital Holdings, Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Tristate Capital Holdings, Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

Tristate Capital Holdings, Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Tristate Capital Holdings, Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

 

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Industry Analysis

TSC

Industry Average

Valuation TSC Industry Range
Price/Earnings 18.3x
Price/Sales 3.3x
Price/Book 0.9x
Price/Cash Flow 17.7x
TEV/Sales NM Not Meaningful
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