U.S. Markets close in 5 hrs 24 mins
  • S&P 500

    3,893.06
    -32.37 (-0.82%)
     
  • Dow 30

    31,788.41
    -173.45 (-0.54%)
     
  • Nasdaq

    13,433.56
    -164.41 (-1.21%)
     
  • Russell 2000

    2,276.92
    -7.46 (-0.33%)
     
  • Crude Oil

    62.88
    -0.34 (-0.54%)
     
  • Gold

    1,773.30
    -24.60 (-1.37%)
     
  • Silver

    27.82
    -0.11 (-0.39%)
     
  • EUR/USD

    1.2222
    +0.0054 (+0.4400%)
     
  • 10-Yr Bond

    1.4580
    +0.0690 (+4.97%)
     
  • Vix

    22.48
    +1.14 (+5.34%)
     
  • GBP/USD

    1.4153
    +0.0012 (+0.0863%)
     
  • USD/JPY

    106.1870
    +0.3050 (+0.2880%)
     
  • BTC-USD

    50,988.55
    +1,477.27 (+2.98%)
     
  • CMC Crypto 200

    1,019.86
    +25.19 (+2.53%)
     
  • FTSE 100

    6,683.43
    +24.46 (+0.37%)
     
  • Nikkei 225

    30,168.27
    +496.57 (+1.67%)
     

TriState: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • 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.

_____

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