PITTSBURGH, May 04, 2022--The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly dividends on the company’s outstanding non-cumulative perpetual preferred stock.
Raymond James Financial Inc.’s acquisition of Pittsburgh’s fifth-largest bank is expected to close by the end of June. TriState Capital Holdings Inc. gave the update in its first quarter earnings release. The $1.1 billion transaction was announced on Oct. 20 but until now, both TriState and Raymond James said completion was anticipated at some point in 2022.
TriState (TSC) delivered earnings and revenue surprises of 14.29% and 4.91%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?