Tristate Capital Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest income of $26,262,000 against $20,916,000 a year ago. Net interest income after provision for loan losses was $26,067,000 against $20,673,000 a year ago. Income before tax was $13,306,000 against $10,924,000 a year ago. Net income was $10,401,000 or $0.36 diluted per share against $7,492,000 or $0.26 diluted per share a year ago. Tangible book value per common share as on March 31, 2018 was $11.63 against $10.19 as at March 31, 2017. Total revenue was $37,346,000 against $32,327,000 a year ago. Book value per common share as on March 31, 2018 was $13.87 against $12.52 as at March 31, 2017. Return on average assets was 0.89% against 0.76% a year ago. Return on average equity was 10.64% against 8.52% a year ago. EBITDA was $1,515,000 against $2,475,000 a year ago.

For the year ending December 31, 2018, the company expects effective tax rate to be approximately 21% to 22%.