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 30% growth in earnings per share, 19% growth in revenue and 26% total return on a three-year annualized basis. The parent company of TriState Capital Bank and Chartwell Investment Partners was one of only 46 companies making this list for the second consecutive year.
TriState Capital’s national private banking, national investment management and regional middle-market commercial banking businesses also generated average annual growth in the company’s pre-tax income of 20% and net income available to common shareholders of 30% since June 2015.
In addition, the bank achieved more than 20% average annual organic growth in both loans and deposits since June 2015. Chartwell grew client assets under management at an average annual growth rate of 8% over the same three year period, with investment management fees contributing to non-interest income representing nearly a third of TriState Capital’s total revenue.
“Our unique financial services business model, unwavering focus on our three business lines and the clients they serve, and disciplined strategic execution by our exceptional team, all enabled TriState Capital to consistently deliver superior annual earnings growth,” Chairman and Chief Executive Officer James F. Getz said. “We are pleased to have Fortune’s 100 Fastest-Growing Companies list recognize our profitable growth for the second year in a row, and are proud to share this distinction with other high performing organizations from a variety of industries.”
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 29, 2018. (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 2018 issue of Fortune and at http://fortune.com/100-fastest-growing-companies/.
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 $5.1 billion in assets, as of June 30, 2018, 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 $9.6 billion in assets under management, as of June 30, 2018, and serves as the advisor to The Berwyn Funds and Chartwell Mutual Funds. For more information, please visit http://investors.tristatecapitalbank.com.
