PrivateBancorp (PVTB) Tops Q4 EPS by 7c; Continues to Work Toward CIBC Merger
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PrivateBancorp Reports Fourth Quarter and Full Year 2016 Earnings
January 18, 2017 7:30 AM ESTCHICAGO, Jan. 18, 2017 /PRNewswire/ -- PrivateBancorp, Inc. (NASDAQ: PVTB) today reported net income of $59.5 million, or $0.73 per diluted share, for the fourth quarter 2016, compared to $52.1 million, or $0.65 per diluted share, for the fourth quarter 2015, and $48.9 million, or $0.60 per diluted share, for the third quarter 2016. For the year ended December 31, 2016, the Company had net income of $208.4 million, or $2.57 per diluted share, compared to $185.3 million, or $2.32 per diluted share, for the year ended December 31, 2015.
"We are pleased with our fourth quarter performance to cap a strong 2016," said Larry D. Richman, President and Chief Executive... More
