Tristate Capital Holdings, Inc. announced unaudited separate and consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, on separate basis, the company reported interest income of $21,760,000 compared with $20,870,000 for the same period a year ago. Net interest income was $18,001,000 compared with $17,981,000 for the same period a year ago. Income before tax was $7,221,000 compared with $7,770,000 for the same period a year ago. Net income was $5,504,000 compared with $5,197,000 for the same period a year ago.

For the year, on separate basis, the company reported interest income of $82,958,000 compared with $77,803,000 for the same period a year ago. Net interest income was $69,510,000 compared with $66,669,000 for the same period a year ago. Income before tax was $28,573,000 compared with $20,016,000 for the same period a year ago. Net income was $20,226,000 compared with $14,107,000 for the same period a year ago.

For the quarter, on consolidated basis, the company reported interest income of $21,846,000 compared with $20,933,000 for the same period a year ago. Net interest income was $17,534,000 compared with $17,516,000 for the same period a year ago. Income before tax was $8,351,000 compared with $7,177,000 for the same period a year ago. Net income was $5,586,000 compared with $5,092,000 for the same period a year ago. Return on average assets was 0.69% compared with 0.72% for the same period a year ago. Return on average equity was 6.84% compared with 6.56% for the same period a year ago.

For the year, on consolidated basis, the company reported interest income of $83,207,000 compared with $77,913,000 for the same period a year ago. Net interest income was $67,564,000 compared with $65,662,000 for the same period a year ago. Income before tax was $33,380,000 compared with $22,897,000 for the same period a year ago. Net income was $22,488,000 compared with $15,928,000 for the same period a year ago. Tangible book value per common share was $9.81 compared with $9.02 at December 31, 2014. Return on average assets was 0.74% compared with 0.61% for the same period a year ago. Return on average equity was 7.13% compared with 5.25% for the same period a year ago. Reported an effective tax rate of approximately 33% for 2015

For the fourth quarter of 2015, the company recorded net charge-offs of $1,621,000 compared to $1,894,000 a year ago.

The company expects a effective tax rate of approximately 35% for 2016.