TriState Capital Reports Third Quarter 2016 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/26/2026

1. ORCL
2. SPY
3. ANT
4. FFAI
5. FFR
6. LLY
7. TSLA
8. META
9. FICO
10. CART

Go back to TriState Capital Reports Third Quarter 2016 Financial Results

Tristate Capital (TSC) Tops Q3 EPS by 6c; Agrees to Acquire Certain Assets from Aberdeen Asset Management

October 19, 2016 4:44 PM EDT

Tristate Capital (NASDAQ: TSC) reported Q3 EPS of $0.30, $0.06 better than the analyst estimate of $0.24.

TriState Capital also announced that it entered into a definitive agreement to acquire certain assets from Aberdeen Asset Management Inc. in a transaction designed to expand the fixed income investment team and product offering of the bank holding companys Chartwell Investment Partners business.

Institutional accounts with about $4 billion in client assets under management (AUM) are expected to move from Aberdeen to Chartwell upon closing of the transaction. The six Philadelphia-based investment professionals who currently manage these domestic... More