TriState posts 2Q earnings of $3.9M

Patty Tascarella^[1]

Senior Reporter- Pittsburgh Business Times

This email address is being protected from spambots. You need JavaScript enabled to view it.^[2]  | Twitter^[3]  | Google+^[4]  | LinkedIn^[5]

TriState Capital Holdings^[6], the Pittsburgh-based business bank that went public two months ago, reported^[7] second-quarter net income of $3.9 million, or 15 cents per share, compared to $3 million, or 15 cents per share.

TriState (Nasdaq:TSC) released financials Wednesday after the market closed. It began trading publicly May 9, raising $75.38 million in its initial offering.

“We are pleased with our second-quarter results and believe they demonstrate the strength of our banking franchise,” Chairman and CEO James Getz^[8] said in a prepared statement. “Our commitment to our middle market commercial and private banking clients, our focus on our unique business model and our risk management discipline enabled us to continue driving steady organic growth in lending, deposit gathering, revenue and earnings in the second quarter.”

Launched in early 2007, TriState is Pittsburgh’s 10th largest bank by deposits. It ended Wednesday trading at $12.89 per share, up 0.47 percent.

Patty Tascarella covers accounting, banking, finance, legal, marketing and advertising and foundations. Contact her at This email address is being protected from spambots. You need JavaScript enabled to view it.^[9] or 412-208-3832. .

References

1. ^{^} Patty Tascarella (feeds.bizjournals.com)
2. ^{^} This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
3. ^{^} Twitter (twitter.com)
4. ^{^} Google+ (plus.google.com)
5. ^{^} LinkedIn (www.linkedin.com)
6. ^{^} TriState Capital Holdings (www.bizjournals.com)
7. ^{^} reported (www.bizjournals.com)
8. ^{^} James Getz (feeds.bizjournals.com)
9. ^{^} This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)