PrivateBancorp Inc. Announces 14% Rise In Q4 Earnings

(RTTNews) - PrivateBancorp Inc. (PVTB) revealed a profit for its fourth quarter that rose from last year.

The company said its bottom line totaled $59.55 million, or $0.73 per share. This was higher than $52.14 million, or $0.65 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.66 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.0% to $196.03 million. This was up from $170.45 million last year.

PrivateBancorp Inc. earnings at a glance:

-Earnings (Q4): $59.55 Mln. vs. $52.14 Mln. last year. -Earnings Growth (Y-o-Y): 14.2% -EPS (Q4): $0.73 vs. $0.65 last year. -EPS Growth (Y-o-Y): 12.3% -Analysts Estimate: $0.66 -Revenue (Q4): $196.03 Mln vs. $170.45 Mln last year. -Revenue Change (Y-o-Y): 15.0%