Parkside Financial Bank & Trust is off to a fast start in 2019 with total assets, wealth management assets, revenue and net income all up significantly year over year.
Compared with March 2018, total assets were up 7% to $476 million in the first quarter; wealth management assets were up 8% to more than $1.3 billion; revenue was up 5% to $6.4 million; and net income rose 9% to $1.9 million. CEO Jim Wagner explained what's going on: “We are have grown significantly in the last three or four years on both the bank and wealth management sides, and expenses are in line. If you grow revenue faster than expenses, you can make more money.”
Click below to read the complete article from the St. Louis Business Journal.