TriState Capital Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Tax Rate Guidance for the Year 2018
For the six months, the company reported interest income was $89,200,000 against $60,852,000 a year ago. Net interest income was $55,053,000 against $42,949,000 a year ago. Income before tax was $28,866,000 against $22,369,000 a year ago. Net income was $24,993,000 against $15,913,000 a year ago. Diluted earnings per share were $0.84 against $0.55 a year ago. Return on average assets of 0.99% against 0.79% a year ago. Return on average equity of 12.14% against 8.9% a year ago. Total revenue was $78,638,000 against $65,831,000 a year ago. Book value per common share was $14.35 against $12.83 a year ago. Tangible book value per common share was $11.97 against $10.51 a year ago.
The company's effective tax rate is currently expected to be approximately 14% for full-year 2018.