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Last $10.75 USD
Change Today +0.50 / 4.88%
Volume 192.3K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

tristate capital hldgs inc (TSC) Snapshot

Open
$10.22
Previous Close
$10.25
Day High
$10.76
Day Low
$10.16
52 Week High
04/4/14 - $14.91
52 Week Low
09/24/14 - $8.92
Market Cap
302.9M
Average Volume 10 Days
86.0K
EPS TTM
$0.60
Shares Outstanding
28.2M
EX-Date
--
P/E TM
18.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for TRISTATE CAPITAL HLDGS INC (TSC)

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tristate capital hldgs inc (TSC) Details

Tristate Capital Holdings, Inc. operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking, and investment management services for middle-market companies, institutional clients, and high-net-worth individuals in the United States. It accepts various deposit products, including checking accounts, money market deposit accounts, and certificates of deposit, as well as certificate of deposit account registry service and insured cash sweep reciprocal products. The company also provides commercial and industrial loans comprising working capital lines of credit and term loans; commercial real estate loans, such as real estate term loans, construction loans, and land development loans; and private banking-personal loans that are secured by cash, marketable securities, or residential real estate. In addition, it offers cash management services consisting of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, and controlled disbursement services; and capital market services. The company provides its products and services through its main office located in Pittsburgh, Pennsylvania, as well as through its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Princeton, New Jersey; and New York, New York. Tristate Capital Holdings, Inc. was founded in 2007 and is headquartered in Pittsburgh, Pennsylvania.

182 Employees
Last Reported Date: 02/23/15
Founded in 2007

tristate capital hldgs inc (TSC) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $1.5M
Co-Founder, Vice Chairman, Chief Financial Of...
Total Annual Compensation: $794.5K
Co-Founder, Vice Chairman and Vice Chairman o...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

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

 

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Industry Analysis

TSC

Industry Average

Valuation TSC Industry Range
Price/Earnings 19.6x
Price/Sales 3.5x
Price/Book 1.0x
Price/Cash Flow 19.0x
TEV/Sales 0.2x
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