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TriState Capital Holdings, Inc. (NASDAQ: TSC) announced the appointment of Gene McCarthy as the new regional president of TriState Capital Bank in New Jersey. McCarthy, who has over 20 years of experience in financial services, replaces Ken Orchard, who recently retired. His role will focus on enhancing the bank's performance and expanding its market presence through new and existing commercial opportunities. This strategic leadership change aims to strengthen the bank's commitment to delivering customized lending and treasury management solutions.
The Board of Directors of TriState Capital Holdings declared quarterly dividends on its non-cumulative perpetual preferred stock. Shareholders will receive a dividend of $0.421875 per share for Series A (TSCAP) and $0.3984375 for Series B (TSCBP), payable on January 1, 2022, to holders on record as of December 15, 2021. Additionally, holders of Series C will receive 11 shares and $52,562.50 in cash on the same date. As of September 30, 2021, TriState Capital Bank reported $12.07 billion in assets.
TriState Capital Holdings reported impressive third quarter 2021 results, with a net income of $16.9 million, a 129.7% increase year-over-year, and earnings per share of $0.44. Loans grew by 28.9% from the previous year, reaching a record $9.87 billion. Investment management performed strongly, with $499 million in net inflows year-to-date. The company also announced its acquisition by Raymond James Financial. Despite increased expenses of 20.9%, net interest income rose 39.4%, showcasing the bank’s growth and resilience in a challenging market.
TriState Capital has achieved significant milestones in its Equipment Finance division, reporting a remarkable 157% year-over-year growth in total assets, reaching
Focused on middle-market clients in essential equipment sectors, the division has grown from
TriState Capital Holdings (NASDAQ: TSC) will host a conference call on October 21, 2021, at 8:30 a.m. ET, to discuss its third quarter 2021 financial results. The company will issue its earnings press release after market close on October 20. Participants can pre-register for the call to avoid delays or join by dialing the designated numbers. An audio webcast will also be accessible along with a replay available after the event. As of June 30, 2021, TriState Capital Bank held $11.46 billion in assets.
Chartwell Investment Partners has launched the Chartwell Short Duration Bond Fund (CWSDX), focusing on high-quality short maturity fixed income securities. The Fund invests at least 75% of its net assets in investment-grade short-duration bonds, aiming to maximize current income while preserving capital. Managed by a seasoned team with an average of 18 years of experience, the Fund caters to individual investors via major platforms like Charles Schwab and Fidelity. As of June 30, 2021, Chartwell managed approximately $7 billion in fixed income assets.
The Board of Directors of TriState Capital Holdings declared quarterly dividends on non-cumulative perpetual preferred stock. A dividend of $0.421875 per depositary share of Series A (TSCAP) is payable on October 1, 2021, to holders of record as of September 15, 2021. Series B (TSCBP) shareholders will receive $0.3984375 per share, also on October 1. Additionally, Series C shareholders will receive 0.01745 shares along with $34,000 in cash on the same date.
TriState Capital Holdings (TSC) reported a significant increase in its second quarter 2021 financial results, with net income reaching $15.7 million, a rise of 86.1% from the same period last year. The company's assets under management grew to a record $11.51 billion, up 24.4% year-over-year. Net interest income rose to $42.9 million, reflecting 28.2% growth from Q2 2020. Overall revenue hit a record $57.7 million, up 24.1%. The company maintains a strong capital position, with total risk-based capital ratios above regulatory requirements.
TriState Capital Holdings, Inc. (Nasdaq: TSC) has announced a conference call on July 22, 2021, to discuss its Q2 2021 financial results. The call will follow a news release detailing the results, set to be issued after market close on July 21. Participants can pre-register for a special dial-in number and participate via audio webcast. As of March 31, 2021, TriState Capital Bank held $10.49 billion in assets, while Chartwell Investment Partners managed $11.20 billion in assets. The call will also be available for replay until July 29, 2021.
The Board of Directors of TriState Capital Holdings declared quarterly dividends on its non-cumulative perpetual preferred stock. Shareholders will receive a dividend of $0.421875 per depositary share of Series A (TSCAP) and $0.3984375 per depositary share of Series B (TSCBP), with payments scheduled for July 1, 2021 to holders of record as of June 15, 2021. Additionally, a dividend of 0.01725 shares of Series C and cash amounting to $15,437.50 will also be distributed. These dividends reflect the company's ongoing commitment to returning value to shareholders.
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