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TriState: 1Q Earnings Snapshot

PITTSBURGH (AP) _ TriState Capital Holdings Inc. (TSC) on Wednesday reported first-quarter net income of $14.6 million.

The bank, based in Pittsburgh, said it had earnings of 48 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The holding company for TriState Capital Bank posted revenue of $76 million in the period. Its revenue net of interest expense was $43.8 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $43.3 million.

TriState shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.18, a drop of slightly more than 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSC at https://www.zacks.com/ap/TSC