Tristate Capital Holdings, Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported interest income of $18,885,000 compared with $18,607,000 for the same period a year ago. Net interest income was $16,384,000 compared with $15,295,000 for the same period a year ago. Income before tax was $6,288,000 compared with $3,534,000 for the same period a year ago. Net income available to common shareholders was $4,810,000 or $0.17 per diluted share compared with $1,956,000 or $0.09 per diluted share for the same period a year ago. Return on average assets was 0.85% compared with 0.37% for the same period a year ago. Return on average equity was 6.51% compared with 3.57% for the same period a year ago. The fourth quarter results also benefited from a lower loan loss provision and higher swap fees.

For the year, the company reported interest income of $72,851,000 compared with $71,034,000 for the same period a year ago. Net interest income was $61,784,000 compared with $57,360,000 for the same period a year ago. Income before tax was $18,580,000 compared with $17,509,000 for the same period a year ago. Net income available to common shareholders was $12,867,000 or $0.48 per diluted share compared with $9,147,000 or $0.47 per diluted share for the same period a year ago. Return on average assets was 0.59% compared with 0.55% for the same period a year ago. Return on average equity was 4.84% compared with 5.24% for the same period a year ago. Book value per common share at December 31, 2013 was $10.25 compared with $9.84 at December 31, 2012. Book value per share with preferred converted to common at December 31, 2013 was $10.25 compared with $9.75 at December 31, 2012. Tangible book value per share with preferred converted to common at December 31, 2013 was $10.25 compared with $9.75 at December 31, 2012.

For the quarter, the company recorded net charge-offs of $242,000.