TSC - TSC STOCK NEWS

TriState Capital Holdings, Inc. (Nasdaq: TSC) has scheduled a conference call on April 22, 2021, to discuss its first quarter 2021 financial results. The news release will be issued after market close on April 21. Investors can pre-register for the call to receive a special dial-in number and PIN, or dial in at least 10 minutes early. The call will be accessible via audio webcast, and a replay will be available for one year. TriState Capital Bank had $9.8 billion in assets as of December 31, 2020, while Chartwell Investment Partners managed $10.3 billion in assets.

The Board of Directors of TriState Capital Holdings declared quarterly dividends on its preferred stock. A dividend of $0.421875 per depositary share of Series A (TSCAP) and $0.3984375 for Series B (TSCBP) is payable on April 1, 2021, to holders of record as of March 15, 2021. Additionally, a dividend of 0.01725 shares per depositary share for Series C is also payable on the same date, along with $21,250.00 cash. TriState Capital Holdings provides banking and investment services, reporting $9.8 billion in assets as of December 31, 2020.

TriState Capital Holdings reported impressive fourth quarter and full year 2020 results, showcasing substantial growth across its investment management, private banking, and commercial banking sectors. In Q4, the company achieved net income of $10.6 million ($0.37 per diluted share), despite a year-over-year decrease from $12.6 million. Revenue reached a record $49.9 million in Q4, up from $46.5 million a year earlier. The company reported double-digit loan and deposit growth, with private banking loans increasing by 30.1%. Despite a provision for credit loss of $3 million, asset quality remained strong.

TriState Capital Holdings, Inc. (Nasdaq: TSC) has successfully raised $105 million in capital through an investment agreement with Stone Point Capital. The company issued approximately 2.77 million shares of common stock for $40 million and 650 shares of Series C Preferred Stock for $65 million, with a 6.75% annual dividend. The transaction will result in a total of 8,419,793 shares being issued or issuable. These securities have not been registered under the Securities Act, restricting their offer or sale in the U.S. The funds will enhance TriState's banking and investment management services.

TriState Capital Holdings, Inc. (Nasdaq: TSC) has announced a conference call scheduled for January 28, 2020, to review its fourth quarter 2020 financial results. The news release will be issued after market close on January 27. The call will commence at 8:30 a.m. ET, with options for pre-registration to avoid delays. The company's subsidiaries include TriState Capital Bank, holding $9.41 billion in assets as of September 30, 2020, and Chartwell Investment Partners, with $9.65 billion in assets under management. Access links for the call and an archived replay will be provided.

TriState Capital Bank has been recognized in the inaugural Monitor 101+ list, ranking 15th due to a remarkable 345% year-over-year growth in its Equipment Finance division. Assets surged from $18.1 million in 2018 to $62.5 million in 2019. The bank targets middle-market companies, focusing on essential-use equipment in sectors like transportation, manufacturing, and construction. With $9.41 billion in assets as of September 30, 2020, TriState Capital continues to serve its clients through strategic partnerships and effective credit models.

The Board of Directors of TriState Capital Holdings declared quarterly cash dividends on its non-cumulative perpetual preferred stock. A dividend of $0.421875 per depositary share of Series A Preferred Stock (TSCAP) and $0.3984375 per depositary share of Series B Preferred Stock (TSCBP) are payable on January 4, 2021, to holders of record as of December 15, 2020.

TriState Capital, headquartered in Pittsburgh, provides commercial and private banking, along with investment management to middle-market companies and high-net-worth individuals.

TriState Capital Holdings (TSC) reported its third-quarter 2020 financial results, highlighting net income of $7.4 million ($0.26 per diluted share), a decrease from $14.4 million ($0.50) in Q3 2019. Key achievements included a 4.3% increase in assets under management to $9.65 billion, and a 32.4% year-over-year rise in private banking loans, totaling $4.46 billion. COVID-19 loan deferral levels significantly decreased, reflecting strong asset quality. Total revenue reached $46.6 million, with non-interest income growing to $16.9 million. The company anticipates net income growth for Q4 and ongoing expansion through 2021.

TriState Capital Holdings (TSC) has finalized a $105 million capital raise agreement with Stone Point Capital to support its growth strategy. The deal includes common equity, preferred stock, and warrants, expected to close in Q4 2020 pending regulatory approval. This investment will enhance TriState's capital position, allowing for double-digit loan growth and acquisitions at Chartwell Investment Partners. Since 2018, the firm raised over $300 million to fortify its operations, with Stone Point expected to own 8.5% of TSC's stock post-transaction.