PITTSBURGH–(BUSINESS WIRE)–Fortune named TriState Capital Holdings, Inc. (Nasdaq: TSC) to its annual 100 Fastest-Growing Companies® list, citing the financial services company’s 33% growth in earnings per share, 29% growth in revenue and 16% total return on a three-year annualized basis.
TriState Capital is one of only 19 companies named to Fortune’s 100 Fastest-Growing Companies® list each of the last three years – 2017, 2018 and 2019 – and only one of two commercial banks to do so.
The parent company of TriState Capital Bank and Chartwell Investment Partners, TriState Capital generated average annual growth in pre-tax income of 21% and in net income available to common shareholders of 32% since June 2016.
TriState Capital’s private banking business, the nation’s leading provider of marketable securities-based loans to high-net-worth individuals marketed through independent investment advisors, and its regional commercial lending business achieved 24% annual organic loan growth since June 2016. Loan growth was fully funded by 26% annual organic deposit growth over the same period, fueled by TriState Capital’s robust liquidity and treasury management offerings.
Annual non-interest income, primarily fees from the company’s national Chartwell investment management business, represented an average of 33% of revenue since June 2016.
“Our highly scalable financial services distribution platform, coupled with the strong relationships our bankers and investment professionals build with the financial intermediaries and clients we serve, are keys to our record of delivering sustainable and meaningful earnings growth to shareholders over the long term,” said James F. Getz, TriState Capital Holdings chairman and CEO. “Each of our financial services businesses and their clients have contributed to our successes to date, and we’re proud to be among the dynamic companies recognized on Fortune’s 100 Fastest-Growing Companies list.”
Fortune reported that it ranks the 100 Fastest-Growing Companies® listed on major U.S. stock exchanges by “revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 28, 2019. (To compute the revenue and EPS growth rates, Fortune uses a trailing-four-quarters log linear least square regression fit.)” More information on the list is available in the September 2019 issue of Fortune and at https://fortune.com/100-fastest-growing-companies/2019.
ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $6.8 billion in assets, as of June 30, 2019, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $9.5 billion in assets under management, as of June 30, 2019, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.
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Jeff Schoenborn and Kate Croft