PrivateBancorp Inc. Announces 8% Rise In Q3 Bottom Line

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

The company said its bottom line came in at $48.89 million, or $0.60 per share. This was up from $45.27 million, or $0.57 per share, in last year's third 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 2.9% to $166.88 million. This was up from $162.12 million last year.

PrivateBancorp Inc. earnings at a glance:

-Earnings (Q3): $48.89 Mln. vs. $45.27 Mln. last year. -Earnings Growth (Y-o-Y): 8.0% -EPS (Q3): $0.60 vs. $0.57 last year. -EPS Growth (Y-o-Y): 5.3% -Analysts Estimate: $0.66 -Revenue (Q3): $166.88 Mln vs. $162.12 Mln last year. -Revenue Change (Y-o-Y): 2.9%