PrivateBancorp (PVTB) Tops Q4 EPS by 9c

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PrivateBancorp Reports Fourth Quarter and Full Year 2015 Earnings

January 21, 2016 7:31 AM EST

CHICAGO, Jan. 21, 2016 /PRNewswire/ -- PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income of $52.1 million, or $0.65 per diluted share, for the fourth quarter 2015, compared to $37.2 million, or $0.47 per diluted share, for the fourth quarter 2014, and $45.3 million, or $0.57 per diluted share, for the third quarter 2015. For the year ended December 31, 2015, the Company had net income of $185.3 million, or $2.32 per diluted share, compared to $153.1 million, or $1.94 per diluted share, for the year ended December 31, 2014.

"Our 2015 results reflect the benefit of our focus on consistent execution and building long-term profitable client relationships," said Larry D.... More