Last $9.79 USD
Change Today -0.32 / -3.17%
Volume 110.1K
TSC On Other Exchanges
Symbol
Exchange
Frankfurt
OTC US
As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

tristate capital hldgs inc (TSC) Key Developments

Tristate Capital Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Tristate Capital Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of USD 18,991,000 compared to USD 18,183,000 a year ago. Net interest income was USD 16,038,000 compared to USD 15,284,000 a year ago. Net interest income after provision for loan losses was USD 6,929,000 compared to USD 14,613,000 a year ago. Income before tax was USD 566,000 compared to USD 5,957,000 a year ago. Net income was USD 514,000 or USD 0.02 per basic and diluted share compared to USD 3,872,000 or USD 0.15 per basic and diluted share a year ago. Non-GAAP total revenue was USD 16.588,000 compared to USD 15.520,000 a year ago. Non-GAAP pre-tax, pre-provision net revenue was USD 9,261,000 compared to USD 6,628,000 a year ago. Return on average assets was 0.08% compared to 0.72% a year ago. Return on average equity was 0.68% compared to 6.01% a year ago. For the six months, the company reported interest income of USD 37,299,000 compared to USD 35,582,000 a year ago. Net interest income was USD 31,900,000 compared to USD 29,628,000 a year ago. Net interest income after provision for loan losses was USD 22,183,000 compared to USD 26,825,000 a year ago. Income before tax was USD 7,508,000 compared to USD 10,329,000 a year ago. Net income was USD 5,130,000 or USD 0.18 per basic and diluted share compared to USD 6,727,000 or USD 0.28 per basic and diluted share a year ago. Non-GAAP total revenue was USD 15,797,000 compared to USD 29.765,000 a year ago. Non-GAAP pre-tax, pre-provision net revenue was USD 12.348,000 compared to USD 12,348,000 a year ago. Book value per common share was USD 10.48 as on June 30, 2014 compared to USD 10.04 as on June 30, 2013. Tangible book value per common share was USD 8.63 as on June 30, 2014 compared to USD 10.04 as on June 30, 2013. Return on average assets was 0.41% compared to 0.64% a year ago. Return on average equity was 3.45% compared to 5.67% a year ago.

Tristate Capital Holdings, Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

Tristate Capital Holdings, Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: James F. Getz, Co-Founder, Chairman, Chief Executive Officer, President, Chairman of Tristate Capital Bank, Chief Executive Officer of Tristate Capital Bank and President of Tristate Capital Bank, Mark L. Sullivan, Co-Founder, Vice Chairman, Chief Financial Officer, Principal Accounting Officer, Vice Chairman of Tristate Capital Bank and Chief Financial Officer of Tristate Capital Bank.

Tristate Capital Holdings, Inc. to Report Q2, 2014 Results on Jul 23, 2014

Tristate Capital Holdings, Inc. announced that they will report Q2, 2014 results After-Market on Jul 23, 2014

Tristate Capital Holdings, Inc., Q2 2014 Earnings Call, Jul 24, 2014

Tristate Capital Holdings, Inc., Q2 2014 Earnings Call, Jul 24, 2014

TriState Capital Raises $35 Million in New Capital Through Completion of Private Placement of Subordinated Debt

TriState Capital Holdings, Inc. completed a private placement of subordinated debt, raising $35 million in new capital. The subordinated notes bear a fixed interest rate of 5.75% per annum and mature on July 1, 2019. The proceeds qualify under federal regulatory rules as Tier 2 capital for TriState Capital Holdings, the holding company for TriState Capital Bank and Chartwell Investment Partners, Inc. The proceeds will help fund continued growth and ensure that the company and its bank subsidiary maintain their well-capitalized positions, and may be used to invest in TriState Capital Bank and Chartwell, and for other general corporate purposes.

 

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TSC

Industry Average

Valuation TSC Industry Range
Price/Earnings 28.3x
Price/Sales 4.4x
Price/Book 1.0x
Price/Cash Flow 25.8x
TEV/Sales NM Not Meaningful
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