
$288M in new business led to 5.8% YOY growth with middle market clients


For the seventh consecutive year, TriState Capital Bank was recognized by Monitor as one of the top-performing equipment finance companies in

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">$288M in new business led to 5.8% YOY growth with middle market clients</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the seventh consecutive year, TriState Capital Bank was recognized by Monitor as one of the top-performing equipment finance companies in the United States. The bank&#39;s 5.8% year-over-year gain in total loans and leases in 2025 ranked TriState Capital No. 78 on the 2026 Monitor 100.

</p><p xmlns="http://www.w3.org/1999/xhtml">
In 2025, its eighth year, TriState Capital Bank Equipment Finance grew its loans and leases to $749.3 million from $708.3 million in 2024.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Tim Moriarity, executive vice president and manager of the Equipment Finance group, credits the division&#39;s continued success to building strong client relationships through personalized service. Backed by the resources, technology and capabilities of a full-service commercial bank, TriState Capital Bank Equipment Finance combines deep industry expertise with the experience and flexibility to deliver competitive leasing and loan solutions that help businesses finance essential-use equipment, improve efficiency and support long-term growth. The team added $288.2 million in new business last year.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Our equipment finance division built on its strong momentum in 2025 by remaining disciplined in our credit approach, strengthening strategic partnerships and continuing to deliver personalized, client-focused financing solutions,&#34; said Moriarity, who launched the division in 2018 out of the bank&#39;s general commercial lending business. &#34;Every client has unique financing needs, and our experience, flexibility and relationship-driven approach allow us to structure solutions that help businesses invest confidently, operate more efficiently and achieve their long-term goals.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The equipment finance business continued its success in the Northeast and the Midwest, with a specific focus on the Chicago area, and in its overall regional footprint of New Jersey, New York, Ohio and Pennsylvania, along with contiguous states.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As part of TriState Capital Bank, a financial institution with assets exceeding $20 billion, the Equipment Finance group is an important piece of the bank&#39;s commercial banking strategy, combining specialized industry expertise with the strength and resources of a full-service financial institution to support businesses across a broad range of industries. Since its inaugural year, the division has rapidly grown its assets from $18.1 million in 2018 to $749.3 million in 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Our continued success reflects the strength of our team, the trust our clients place in us and our commitment to delivering consistent value over the long term,&#34; said TriState Capital Bank Chairman and CEO Brian Fetterolf. &#34;Building on another successful year in 2025, we continued to expand client relationships while providing the expertise, resources and financial strength businesses need to invest in their future. We&#39;re proud to be a trusted equipment finance partner and remain well positioned for continued growth.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
Monitor 100 is published annually by MonitorDaily, a leading publication in the equipment finance industry. The list is a report of the largest equipment finance and leasing companies in the United States. More information about Monitor 100 is available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.monitordaily.com%2Fissue%2F2026-monitor-100%2F&amp;esheet=54594449&amp;newsitemid=20260825261135&amp;lan=en-US&amp;anchor=monitordaily.com&amp;index=1&amp;md5=423241157f12aae9a85afc490268c69a" shape="rect">monitordaily.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">ABOUT TRISTATE CAPITAL
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>TriState Capital Bank is headquartered in Pittsburgh, Pennsylvania, and provides commercial banking, private banking and treasury management services to middle-market companies, institutional clients and high-net-worth individuals. TriState Capital Bank serves middle-market commercial customers through regional representative offices in Pittsburgh; Philadelphia; Cleveland; Edison, New Jersey; and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. TriState Capital Bank is a wholly owned subsidiary of Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RJF">RJF</a>), a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. TriState Capital Bank is a Pennsylvania chartered bank.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260825261135r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260825261135/en/" rel="nofollow">https://www.businesswire.com/news/home/20260825261135/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">MEDIA CONTACT 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeff Shurilla
<br xmlns="http://www.w3.org/1999/xhtml"></br>Hornercom
<br xmlns="http://www.w3.org/1999/xhtml"></br>215-764-2376
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jeff@hornercom.com" shape="rect">jeff@hornercom.com</a>

</p>

TriState Capital Bank Named a Leading Equipment Finance Company by Monitor for 7th Consecutive Year

RJF may benefit from TriState Capital Bank Equipment Finance momentum in 2025 results

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>$288M in new business led to 5.8% YOY growth with middle market clients


For the seventh consecutive year, TriState Capital Bank was recognized by Monitor as one of the top-performing equipment finance companies in</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>TriState Capital Bank Equipment Finance posted solid 2025 results with 5.8% YoY loan growth and $288.2 million in new business, lifting loans/leases to $749.3 million. As a subsidiary of Raymond James Financial, the unit’s continued momentum adds a modest tailwind to RJF’s diversified earnings stream and reinforces RJF’s presence in middle-market lending. Monitor 100 recognition and regional expansion as potential catalysts for investor sentiment.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Equipment Finance posted 5.8% YoY loan growth in 2025.</li><li>Total loans/leases reached $749.3m in 2025, up from $708.3m (2024).</li><li>New business added in 2025 totaled $288.2m.</li><li>Monitor 100 ranking: TriState Capital Bank Equipment Finance No. 78 in 2026.</li><li>TriState Capital Bank is a RJF subsidiary with assets over $20b.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Raymond James Financial, Inc. (RJF)</strong>: Parent of TriState Capital Bank; its diversification may benefit from TriState&#039;s growing equipment-finance unit.</li><li><strong>TriState Capital Bank Equipment Finance (N/A)</strong>: Subsidiary of RJF; strong 2025 performance signals potential incremental earnings to RJF.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category fits Corporate Developments: a subsidiary performance story tied to RJF&#039;s broader franchise and potential earnings impact; could influence valuation if momentum continues.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>TriState&#039;s 5.8% YoY loan growth hints higher equipment-finance profitability for RJF.</li><li>Expansion to $749.3m in 2025 signals continued asset growth within RJF&#039;s subsidiary.</li><li>Positive sentiment around RJF may rise on strength in a key subsidiary.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>2025 equipment finance loans: $749.3m, up from $708.3m in 2024.</li><li>5.8% YoY growth in total loans and leases in 2025.</li><li>New business added in 2025: $288.2m.</li><li>Monitor 100 2026 ranking: TriState Capital Bank Equipment Finance No. 78.</li><li>TriState Capital Bank assets exceed $20 billion.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>RJF could see modest near-term upside in 3–6 months as TriState’s equipment-finance momentum flows into RJF&#039;s earnings.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">$288M in new business led to 5.8% YOY growth with middle market clients</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the seventh consecutive year, TriState Capital Bank was recognized by Monitor as one of the top-performing equipment finance companies in the United States. The bank&#39;s 5.8% year-over-year gain in total loans and leases in 2025 ranked TriState Capital No. 78 on the 2026 Monitor 100.

</p><p xmlns="http://www.w3.org/1999/xhtml">
In 2025, its eighth year, TriState Capital Bank Equipment Finance grew its loans and leases to $749.3 million from $708.3 million in 2024.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Tim Moriarity, executive vice president and manager of the Equipment Finance group, credits the division&#39;s continued success to building strong client relationships through personalized service. Backed by the resources, technology and capabilities of a full-service commercial bank, TriState Capital Bank Equipment Finance combines deep industry expertise with the experience and flexibility to deliver competitive leasing and loan solutions that help businesses finance essential-use equipment, improve efficiency and support long-term growth. The team added $288.2 million in new business last year.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Our equipment finance division built on its strong momentum in 2025 by remaining disciplined in our credit approach, strengthening strategic partnerships and continuing to deliver personalized, client-focused financing solutions,&#34; said Moriarity, who launched the division in 2018 out of the bank&#39;s general commercial lending business. &#34;Every client has unique financing needs, and our experience, flexibility and relationship-driven approach allow us to structure solutions that help businesses invest confidently, operate more efficiently and achieve their long-term goals.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The equipment finance business continued its success in the Northeast and the Midwest, with a specific focus on the Chicago area, and in its overall regional footprint of New Jersey, New York, Ohio and Pennsylvania, along with contiguous states.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As part of TriState Capital Bank, a financial institution with assets exceeding $20 billion, the Equipment Finance group is an important piece of the bank&#39;s commercial banking strategy, combining specialized industry expertise with the strength and resources of a full-service financial institution to support businesses across a broad range of industries. Since its inaugural year, the division has rapidly grown its assets from $18.1 million in 2018 to $749.3 million in 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Our continued success reflects the strength of our team, the trust our clients place in us and our commitment to delivering consistent value over the long term,&#34; said TriState Capital Bank Chairman and CEO Brian Fetterolf. &#34;Building on another successful year in 2025, we continued to expand client relationships while providing the expertise, resources and financial strength businesses need to invest in their future. We&#39;re proud to be a trusted equipment finance partner and remain well positioned for continued growth.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
Monitor 100 is published annually by MonitorDaily, a leading publication in the equipment finance industry. The list is a report of the largest equipment finance and leasing companies in the United States. More information about Monitor 100 is available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.monitordaily.com%2Fissue%2F2026-monitor-100%2F&amp;esheet=54594449&amp;newsitemid=20260825261135&amp;lan=en-US&amp;anchor=monitordaily.com&amp;index=1&amp;md5=423241157f12aae9a85afc490268c69a" shape="rect">monitordaily.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">ABOUT TRISTATE CAPITAL
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>TriState Capital Bank is headquartered in Pittsburgh, Pennsylvania, and provides commercial banking, private banking and treasury management services to middle-market companies, institutional clients and high-net-worth individuals. TriState Capital Bank serves middle-market commercial customers through regional representative offices in Pittsburgh; Philadelphia; Cleveland; Edison, New Jersey; and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. TriState Capital Bank is a wholly owned subsidiary of Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RJF">RJF</a>), a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. TriState Capital Bank is a Pennsylvania chartered bank.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260825261135r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260825261135/en/" rel="nofollow">https://www.businesswire.com/news/home/20260825261135/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">MEDIA CONTACT 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeff Shurilla
<br xmlns="http://www.w3.org/1999/xhtml"></br>Hornercom
<br xmlns="http://www.w3.org/1999/xhtml"></br>215-764-2376
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jeff@hornercom.com" shape="rect">jeff@hornercom.com</a>

</p>

TriState Capital Bank Equipment Finance posted solid 2025 results with 5.8% YoY loan growth and $288.2 million in new business, lifting loans/leases to $749.3 million. As a subsidiary of Raymond James Financial, the unit’s continued momentum adds a modest tailwind to RJF’s diversified earnings stream and reinforces RJF’s presence in middle-market lending. Monitor 100 recognition and regional expansion as potential catalysts for investor sentiment.

News insight

TriState Capital Bank Named a Leading Equipment Finance Company by Monitor for 7th Consecutive Year

AI summary

Sentiment rationale

Key facts

Corporate Developments