PrivateBancorp (PVTB) Tops Q2 EPS by 6c

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PrivateBancorp Reports Second Quarter 2015 Earnings

July 16, 2015 7:30 AM EDT

CHICAGO, July 16, 2015 /PRNewswire/ -- PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income of $46.4 million, or $0.58 per diluted share, for the second quarter 2015, compared to $40.8 million, or $0.52 per diluted share, for the second quarter 2014, and $41.5 million, or $0.52 per diluted share, for the first quarter 2015. For the six months ended June 30, 2015, the Company had net income of $87.9 million, or $1.10 per diluted share, compared to $75.3 million, or $0.96 per diluted share, for the six months ended June 30, 2014.

"We drove top-line growth in the second quarter through our consistent focus on providing high-touch client solutions to... More