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Tristate Capital Reports Second Quarter 2021 EPS of $ 0.41 on Continued Organic Growth of AUM , Loans , Revenue , Pre - Tax Income and Net Income to New Record Levels investors.tristatecapitalbank.com/news/news-details/2021/Tristate-Capital-Reports-Second-Quarter-2021-EPS-of-0.41-on-Continued-Organic-Growth-of-AUM-Loans-Revenue Pre - Tax - Income - and - Net - Income - to - New - Record - Levels / default.aspx 07/21/2021 -- Historic loan growth , lower funding costs , and NIM reflect TriState Capital Bank's highly differentiated commercial and private banking relationships , while Chartwell Investment Partners continues to attract new AUM and enhance profitability -- TRISTATED . CAPITAL PITTSBURGH -- ( BUSINESS WIRE ) -- TriState Capital Holdings , Inc. ( Nasdaq : TSC ) reported second quarter 2021 financial results including fully organic growth in all of its investment management , private banking and commercial banking businesses , as assets under management ( AUM ) , loans , net interest income , fee income , revenue , pre - tax income and net income reach new record high levels . The parent company of TriState Capital Bank and Chartwell Investment Partners grew net income available to common shareholders to $ 15.7 million in the second quarter of 2021 , up 86.1 % from $ 8.4 million in the second quarter of 2020 and up 19.5 % from $ 13.1 million in the first quarter of 2021. Income before tax was a record $ 23.2 million in the second quarter of 2021 , increasing 87.7 % from $ 12.4 million in the second quarter of 2020 and 11.7 % from $ 20.8 million in the linked quarter . The company earned $ 0.41 per diluted share in the second quarter of 2021 , compared to $ 0.30 in the second quarter of 2020 and $ 0.35 in the first quarter of 2021. Second quarter 2021 results include a higher number of diluted average shares outstanding and a $ 1.1 million increase in preferred dividends , compared to the year - ago quarter , both resulting from the company's December 30 , 2020 private placement of $ 105 million of common stock , convertible preferred stock and warrants . " TriState Capital's strong top- and bottom - line performance during the second quarter reflects the value of our premier relationships and the power of our company with more than $ 23 billion of on - balance - sheet assets and client assets under management , " Chairman and Chief Executive Officer James F. Getz said . " Our three business lines worked in concert to drive continued growth in total revenue , pre - tax income and net income during the second quarter . Building on its breakout performance in the first quarter , Chartwell grew AUM to a new record of $ 11.51 billion , while delivering very strong revenue growth . Private banking was a primary driver of strong organic loan growth to $ 9.28 billion at TriState Capital Bank , complemented by commercial lending with our middle - market clients , further enhancing what we believe is a very attractive risk profile for the company and its balance sheet . As we enter the second half of 2021 , we do so from a position of strength , supported by healthy new business pipelines , an agile funding franchise , a highly motivated team and relationships with exceptional clients nationwide . " SECOND QUARTER 2021 HIGHLIGHTS • Chartwell's investment management business continued its strong performance and grew AUM organically to a record $ 11.51 billion , up 24.4 % from June 30 , 2020 and 2.7 % during the quarter and its fees increased 22.1 % from the year - ago quarter and 5.0 % from the linked quarter . • Chartwell's retail and institutional distribution capability generated year - to - date net inflows of $ 533.0 million , while enhanced profitability supported product development including a new short duration high - grade fixed income fund to complement its Short Duration BB High Yield strategy . • Return on average common equity expanded to 10.37 % , up 375 basis points from the year - ago period and 131 basis points from the linked quarter , as the company continues to productively deploy capital raised in December 2020 . • Net interest income ( NII ) grew to a record $ 42.9 million , up 28.2 % from the year - ago quarter and 11.0 % from the linked quarter , on historic loan growth and continued net interest margin ( NIM ) expansion to 1.63 % . • Period - end loans grew organically to a record $ 9.28 billion , up 29.5 % from June 30 , 2020 and 8.7 % , during the quarter . • Private banking loans primarily collateralized by marketable securities and other liquid assets represented 61.5 % of total loans at period end , growing 40.6 % from June 30 , 2020 and 13.1 % during the quarter , while commercial loans increased by 14.9 % from June 30 , 2020 and 2.3 % during the quarter . • The company maintained superior credit quality metrics , with period - end non - performing assets ( NPAs ) , non - performing loans ( NPLs ) , and adverse - rated credits declining by 46.0 % , 50.8 % and 33.0 % , respectively , from March 31 , 2021 . REVENUE GROWTH NII grew to a record $ 42.9 million in the second quarter of 2021 , increasing 28.2 % from $ 33.5 million in the year - ago quarter and 11.0 % from $ 38.7 million in the first quarter of 2021. NIM expanded for the third consecutive quarter to 1.63 % for the three months ended June 30 , 2021 , up from 1.52 % in the second quarter of 2020 and 1.59 % in the first quarter of 2021 . Non - interest income grew to a record $ 14.8 million in the second quarter of 2021 , up 14.2 % from $ 13.0 million in the year - ago quarter and 8.7 % from $ 13.7 million in the linked quarter . Chartwell investment management fees grew to $ 9.5 million in the second quarter of 2021 , up 22.1 % from $ 7.7 million in the same period the prior year and 5.0 % from $ 9.0 million in the linked quarter , reflecting market appreciation and positive net inflows of client assets . Fees from commercial and private banking clients ' use of TriState Capital's interest rate swaps offering totaled $ 3.9 million in the second quarter of 2021 , $ 3.9 million in the prior year quarter and $ 2.7 million in the linked quarter . 1/21