TSC - TSC STOCK NEWS

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the U.S., announced a $100,000 grant to Conexión Américas, a nonprofit supporting Latino families in Middle Tennessee. The funding will facilitate workforce training programs, including resume building and job readiness, and enhance community engagement through cultural events. This collaboration aims to bridge cultural gaps and improve employment opportunities for Latino communities. The Tractor Supply Foundation's involvement also promotes volunteerism among its employees.

TriState Capital Bank’s Equipment Finance division achieved 51.8% year-over-year growth, ranking No. 95 in the Monitor 100 list of top U.S. equipment finance companies. Total assets surged to $239.1 million in 2021 from $157.5 million in 2020, fueled by strong client relationships and a dedicated team. The division is expanding into the Midwest, particularly in the Chicago area, while focusing on essential equipment in transportation, manufacturing, and construction sectors.

Tractor Supply Company (NASDAQ: TSCO) has partnered with Enerco Group to introduce the Grand Teton Collection of Wi-Fi-equipped pellet stoves. These stoves provide a cost-effective heating solution as traditional fuel costs rise, with significant savings potential through a 26% tax credit on purchase and installation. Customers can control these stoves remotely via a mobile app. With three sizes available, the stoves are designed for various spaces and can heat up to 2,500 square feet. The collection is available in select stores and online, with special financing offers for TSC Personal Credit Card holders.

The Board of Directors of TriState Capital Holdings has declared quarterly dividends on its non-cumulative perpetual preferred stock. A dividend of $0.421875 per share for Series A (TSCAP) and $0.3984375 for Series B (TSCBP) is payable on July 1, 2022, to record holders as of June 15, 2022. Additionally, holders will receive 11 shares of Series C preferred stock and $89,687.50 in cash on the same date. The company reported $13.60 billion in assets as of March 31, 2022.

TriState Capital Holdings (TSC) announced its first quarter 2022 results, reflecting strong financial performance with a record net interest income of $53.6 million, a 38.7% increase year-over-year. With consistent organic growth in loans, total loans reached $11.25 billion, up 31.6% from the previous year. The company also noted successful asset management with Chartwell, generating high inflows despite market depreciation. NIM improved to 1.70%, marking the sixth consecutive quarter of expansion. The anticipated acquisition by Raymond James remains on track, expecting closure by Q2 2022.

The Board of Directors of TriState Capital Holdings has declared quarterly dividends on its preferred stock. Shareholders will receive a dividend of $0.421875 per depositary share of Series A Non-Cumulative Perpetual Preferred Stock (TSCAP) and $0.3984375 for Series B Non-Cumulative Perpetual Preferred Stock (TSCBP), both payable on April 1, 2022, to holders of record as of March 15, 2022. Additionally, holders of Series C will receive 11 shares and cash totaling $71,125. TriState Capital, operating from Pittsburgh, PA, manages significant assets across various financial services.

TriState Capital Holdings reported strong financial results for 2021, with net income of $65.7 million, or $1.71 per diluted share, marking significant growth in assets under management, loans, and deposits. The company anticipates closing its acquisition by Raymond James in 2022. Key highlights include a record net interest income of $51.1 million, a 41.8% increase, and a 24.4% rise in total revenue to $237.8 million. Assets under management reached $11.84 billion, supported by strong net inflows. The efficiency ratio improved to 51.10%, reflecting ongoing investments for growth.

The Board of Directors of TriState Capital Holdings has appointed Brian S. Fetterolf as president and CEO, effective January 1, 2022, while James F. Getz transitions to executive chairman. Getz has been instrumental since founding the company in 2007, overseeing strategic growth and development. Fetterolf has been with the company since 2009, playing a crucial role in its management. Additionally, TriState Capital is set to be acquired by Raymond James Financial in a cash and stock deal expected to close in 2022, allowing it to operate as a separate brand under Raymond James.