- Oops!Something went wrong.Please try again later.
PITTSBURGH (AP) _ TriState Capital Holdings Inc. (TSC) on Wednesday reported fourth-quarter profit of $12.6 million.
The Pittsburgh-based bank said it had earnings of 37 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The holding company for TriState Capital Bank posted revenue of $65 million in the period. Its revenue net of interest expense was $50.1 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $48.5 million.
For the year, the company reported profit of $45.2 million, or $1.30 per share. Revenue was reported as $195.1 million.
TriState shares have risen slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.16, a drop of 26% in the last 12 months.