PITTSBURGH--(BUSINESS WIRE)--TriState Capital Holdings, Inc.’s (Nasdaq: TSC) credit quality, profitability, and organic loan growth metrics in 2019 earned the financial services company a best-performing bank ranking from S&P Global Market Intelligence.
The company was recently named one of S&P Global Market Intelligence’s 50 best-performing U.S. community banks with assets between $3 billion and $10 billion in 2019. TriState Capital serves sophisticated corporate, institutional and high-net-worth clients through private banking, as the nation’s premier provider of non-purpose margin loans marketed through financial intermediaries, as well as commercial banking and its Chartwell Investment Partners unit.
TriState Capital had a top-10 loan growth rate, as well as the fourth-lowest adjusted Texas ratio and ratio of net charge-offs to average loans, among the ranked banks. The $7.7-billion-asset financial services company achieved these accomplishments last year by executing its philosophy of responsible growth and producing organic expansion across each of its commercial banking, private banking and investment management businesses. During 2019, it continued to maintain strong asset quality metrics, reflective of the high-touch nature of its client relationships combined with disciplined underwriting standards employed by its team.
“We are incredibly proud of TriState Capital’s dedicated team and our ability to continue providing exceptional service to our valued clients as we come together to surmount the unprecedented public health and economic challenges facing our communities, our nation and the world,” Chairman and Chief Executive Officer James F. Getz said. “Today, our branchless private and commercial bank and world-class asset manager continue to provide vital financial products, services and advice to our clients, while focusing on our team members’ well-being. We believe we have the capital, people, technology, infrastructure and liquidity to continue meeting the needs of those we serve during these extraordinary times.”
S&P Global Market Intelligence reported it ranked eligible banks based on six metrics for the year ending December 31, 2019, including “pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin and loan growth.” The full S&P Global Market Intelligence report is available here.
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 $7.7 billion in assets as of December 31, 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 $9.7 billion in assets under management as of December 31, 2019, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.
