joining like assumed is begin to he for I'd X. by this us. role you first Demas' David call thank in investor January that And conference morning. his Good on that mentioning CFO
We Mark finance we're and of we already Vice when Capital's And benefiting is financial summer as you how year more TriState last IPO. Executive as handled advised say as transition. Vice since announced could company's our the team Sullivan in fourth-quarter, this successful David TriState David's Chairman XXXX pleased be succession largest leadership part the our closing the joined successful timing with that expertise, CFO of presided entire most not he, and plan impeccable our most over have know, May in August. I As he President firms some of nation. from CFO having strongest the and most of the must the David's Capital
our earnings. results point quarterly our is with they are to the working. record order the of best These is to Capital company performance ever through of effective We our full to evident believe year as value were strategy in product and earnings. enhanced to fact, bring In grow TriState our this our shareholders a strategy financial that execution
we've number Over generated the trends metrics. impressive five on as XXXX growth years, maintain growth annual compound a these And rates momentum. last year-over-year we of mirrors key
And year-over-year. earnings XX% commonly management share while We've risk annual achieved XXXX. up annual maintaining Assets mindset at our XXXX Revenue growth grew mature service over at from our of year-over-year. a compound and rate by years up on compound income revenue in five-year culture, focus XX% XX%, five-year the Net XXXX, XX% and a increased our with represents year. client-focused growth financial XX% XX% more XX% at five-year total per entrepreneurial five XX% annual growth rate the up income financial is revenue. XX% rate streams. of grew balancing this and is $X.XX compound companies. nearly diversifying XXXX, to and the reflecting In a annual and X% non-interest compound associated of a growth rate up for are that percentage grew and past made In growth discipline
basis XXXX in generated basis representing Capital loans. million than $X For same million, earnings made points points than double-digit of totaled a of X just we also in the discipline expansion, Net than just represented less million the product. technology representing investments time less From example, loans we $XX perspective, significant that $X of average just achieved at distribution, more people, points have bank's infrastructure, loans. credits loans. exceptional metrics. totaled and TriState financial XX Non-performing billion charge-offs XX XXXX, $X in credit Adverse-rated of basis total in
of risk a current also to technology, offering investments us more proprietary bank our and a easier reach result, We support larger we making our management in balance do with continuously products. a with investments and systems As it in national much comprehensive relationships, and we to sheet for expanding We've to made our made expect us various on significant asset today. than distribution, basis focused more clients complex business clients in management infrastructure allowing have services enhancing capabilities. a on including
net those have been people. to Revenue $XXX,XXX employee per efficiency to XXXX. IPO, employee in income XXX more of However, XXXX Bank's of to employees. peers. in to continuing growth by our investments our prior XXXX, had to compared important XXXX, level than our XXXX. profitable benefits with XXX the Overall, nearly In Capital up we ratio our average team is declining by leverage full-time average we've TriState which have for driving The operating the from Capital twice made per see TriState team most doubled than size we're more Today, the XXX. to XX% our grew XX.XX% basis generated points with
mid-XXs improvement expense continues growth continued to to range accelerate. to bank to target and expect as continues drive growth in our revenue ratio scalability the through moderate efficiency non-interest We
growth. strategy, and distribution network, gives ability businesses our funding enhanced asset-sensitive for Our mechanism us financial services achieve our three further confidence in our pipelines to continued
at Continue goals the billion include combination operating double-digit of of XX% inorganic next doing continue XXXX; rate of of treasury income Chartwell billion deliver unit XXXX; surpass organic a deposits even a through loans we double the at growth $X pace, to double-digit year; as to to at Chartwell under opportunities; rate a XX% disciplined evaluate grow second at XX% to management improve revenues during a double-digit during in organically acquisition a organic per Over so quarter to management grown our the of continue so pace, account $XX net and at year; investment Investment Partners XX% following: surpass doing through during expense years, assets two bank assets management leverage growth. management; XXXX a operating in
tax we sweet a is producers. further acquisitions expect full banking three be growth number rate macros what to in is this well also we'd the rate M&A to of benefit bolstered potential exactly to with what hikes should generated see the This, of underinvestment confidence the rate for to Killen. is Fed General create business. Chartwell for many business is yesterday's the The And management end in asset benefiting we've should commercial space in many have in also benefit particular, of the of our TriState banking of economic steady for Our as private US widely Chartwell. effective in and XXXX distribution. item opportunity release from which clientele meaningful We you continues know, spot. serve. strong momentum trending continue this year. reinforce and it's as the We markets, by product tax competitors our as Chartwell assumed are the accomplished markets reform our firms yet we evaluate reform, among currently businesses. of the company's opportunities favor. which And approximately XX% Related year. for creating Holdings our that full year. their is earnings Capital all our as cannot because Stable capital effective continue reach since disruption performance, tax to M&A pace of
this units. TriState $XXX Now, $X billion I'd total achieved on touch highlights XX% Capital were funding multifaceted deposits, of is balance At distribution than treasury and of from more side sheet. Bank, we've products at That's asset services which the in we system for sophisticated, business XXXX, to million our and future like our management some possible. growth our liquidity year-end. deposits in XXXX nearly growth new developed making and The
than XXXX. team deposits by average XX% deposit million relationships, growing or interest-bearing national Our building successfully $XXX is more high-quality in
management products private our banking adding of this translating at and investment accounts our has In team addition a and clients important, of existing bringing our number Also deposit management to as bank. as the to growth. deposit investments commercial prospects, our with well growing growth clients capabilities serving continued businesses, to non-interest-bearing and to and lending, new in was where low treasury resonating are team, excelled
management During increased and operating XXXX, in of opened treasury nearly we grew average accounts non-interest-bearing operating to Average operating XXXX number XX%. XXXX. the opened XX% double compared balances XXXX accounts our in in by account PDA deposits we
growth, for management by more with even in we pipeline quarter and we're momentum we're solid have fourth While picked pleased the this XXXX. up the strong treasury double-digit the we pleased
and commercial continues private business. to the support funding of success growth exceptional our both banking Our
the For the billion of Capital's the franchise. unique XXXX, first we time our XX%, growth exceptional banking continue as organic total banks' by for TriState surpassing $X rate high-value increased loans of milestone
regional commercial Our more loans XXXX. in grew middle-market than alone XX% by
private know had increased providing you industry. X.X% which unparalleled securities collateral the Capital's only all year. that Reserve about lending far a backed TriState from highly loans Federal through marketable in As our we and other commercial loan franchise believe by for banks, year, organic liquid data, differentiated banking, recent outpaced comparable capability last another growth distribution In is exceptional
and trust more XXXX of a individual XXX clients. end of growing and of accounts from the with we've about officers Our worth relationship-focused net to compared serve high-performing network company's one The grown referral investment than to has ago. model. intermediaries of unique key a X,XXX number of and the work than now active scalable financial advisors has year at XXXX. highly business grown We done with number X,XXX is end advisors number at our component business about X,XXX the high more bankers their national XXXX This of to from loan and XXX
and the by asset XXXX, total distribution compared sales, at management XX% up that saw in meaningfully significant increase contributed XX% new XXXX. of by Chartwell's totaling strategy strategy $X.X short attracting income led value funds investment XX% Chartwell growth outstanding and assets XXXX, banking we end of Private in from top to inflows. in XXXX. addition, product grew number saw decile the to during mutual existing drew the its billion last bank's in $X.X year and year-end, duration, loans is of new retail the capability XXXX. gross from total clients million accounts and XXXX. XXXX to mid-cap prior. the year fixed business, BB-rated at management over In under our XX% fund. grew inflows of distribution comprised our At manager to investment applications Chartwell's mix loans an increase performance in $XXX is gross billion Expanded in the performer
in Fund was what the Value under the professionals mutual ETF of with the and who difficult replicate Berwyn or offer our known continue as our XXXX rebranded manager. retail that credible leadership We part and talented the attract performance of deliver also as of of number complex. a asset that into We will fund formally strategies, believe Chartwell products will the institutional repositioning the to Fund boutique to at investment Cornerstone highly increasingly flows Chartwell, are to passive Mid-Cap
continue also We inorganic to to this opportunities business. grow evaluate actively
just to we're for three to XXXX. we core $X of team definitive yesterday clients, accretive in are Maryland. assets of equity, Taft-Hartley Columbia of from minimally, mix about fact, signed generated of high-grade In a agreement a of fixed which Through expected income and earnings, approximately revenue loyal, business, million professionals large-cap to immediately acquire $X which deal a we a acquire group In billion that under the client is management of this plus nature. outstanding many a in acquiring at Partners XXXX be to expect
represents perfect you feel large Chartwell's business As know, be a complement portion client to fixed and will income many of a base our Taft-Hartley we of this business.
transaction Chartwell, add skilled individuals half that team offerings. Chartwell's our be satisfactory We a our expect fit of during and also due to the to this completion these to with customary three to great addition still provide our closing of diligence will institutional investment and two and professionals we feel an strongly first will cross-sell equity distribution at professionals. product team Subject We senior opportunities excellent conditions, to team XXXX. close
with company capital. later the billion Capital. growth pay acquisition have assets Investors bank in to As and end TriState this about equity IPO, million businesses reward an of up wasted $X.X billion outperforming mitigating management. IPO efficiently grown our just TriState what stock of our indices assets raise, Group million no downside in our Chartwell doing shareholders it to about Capital and into breaking service of from in service who to XXXX, we've which $XX deploying of the revenues wide and three expect since major a TriState have of XXXX their We've a company, prior would all $XX of XXXX, financial supposed was owned last Capital through with incidentally closing seen shares With XXX% In doing to appreciate $XX times XXXX. consideration, high-growth and Together, closing rapidly. margin. deal and the time with in in effectively, by risk contingency and in with our financial form market conventions $X.X structured billion Killen assets company five to industry our so multiple in $X ten be EBITDA. most months million a our our a of common under transaction we is entrusted a bank years, accomplish, the With acquisitions, is while December X.X able and us a to AUM between order in XX
Capital's For our $XX.XX are proven additional a up XX% authorized this to the January regular growth company's those on that example, shares we of Index ability per less we've an than was which average million of the to of KBW our and management's Bank to commitment TriState repurchased the undervalued believe shares gains, cost $XX of shareholders. is IPO, deliver to the $X the repurchased at and period. considering S&P our when was stock discretion. Notwithstanding Accordingly, share. on our the was prospects same XX% company's in up at over XXX This our addition board meeting, since million our at up buyback
confidence support of XXXX people growth products technology, and continue Capital, for in investments our we continued of ahead, performance made Looking our to to We've in strategic throughout infrastructure, a beyond. level have including high the TriState company. and
pipelines I'll release now positive macros the open remarks in David three prepared of earnings in Q&A. please strong are line to my to positioned join our Operator, That and all have company. We order me morning. for well businesses concludes full power this of all the leverage this ask for questions. the to
